Results of Atyraumunaigasgeologya OJSC (Kazakhstan) in 9 months of 2001

/KASE, Dec 19, 01/ - Atyraumunaigasgeologya OJSC (AtMMG OJSC, Atyrau) provided the KASE with its financial statements for 9 months of 2001: balance sheet and income statement. By the data of the issuer following are the results of the company in 9 months of 2001 (in th. KZT): -------------------------------------------------------- As of As of Change, Ratio Oct 1 '00 Oct 1 '01 % -------------------------------------------------------- Authorized capital (paid) 140,819 140,819 0.0 Shareholders' equity 121,294 122,751 +1.2 Total assets 299,851 370,902 +23.7 Net working capital 135,158 248,066 +83.5 Accounts receivable 69,370 98,538 +42.0 Total liabilities 178,557 248,151 +39.0 Bonds issued - 65,000 - Accounts payable 155,557 158,151 +1.7 Sales 277,789 470,937 +69.5 Cost of goods sold 241,408 451,610 +87.1 Net income of the period 6,216 2,100 -66.2 -------------------------------------------------------- Compared to similar period of 2000 growth took place in: - shareholders' equity of the company - by KZT1.4m as a result of an increase in additional unpaid capital by KZT2.6m with a decrease in final amount of undistributed income by KZT1.2m; - assets - by KZT71.1m, including: increase in residual value of fixed assets - by KZT48.0, accounts receivable - by KZT29.2m with a decrease in other assets by KZT6.1m; - liabilities - by KZT69.6m, including: as a result of the floatation of issued bonds for KZT65.0m, increase in accounts payable by KZT2.6m and attracted loans by KZT2.0m; - sales - by KZT193.1m; - cost of goods sold - by KZT210.2m. Net income received by AtMMG OJSC in 9 months of 2001 declined by KZT4.1m against similar period of 2000. Following is the table of dynamics of some parameters of AtMMG OJSC in 2001 on a quarterly and non-accruing sum basis (th. KZT): ------------------------------------------------------------ Indicator I-2001 II-2001 Change, % III-2001 Change, % ------------------------------------------------------------ Sales 124,797 157,633 +26.3 188,507 +19.6 Net income 0 650 - 1,450 +123.1 ------------------------------------------------------------ First issue coupon bonds (KZ75KASICA50, trade code SMGZb1; $100; $30m; Jan 18.01 - Jan 18.06; annual coupon at 13.0% APR) of AtMMG OJSC were admitted into official list of KASE securities under category "B". Based on the information of AtMMG OJSC, on July 15,01 the first coupon amounting to KZT3,022,202 was paid fully on non-floated bonds based on the agreement. Primary activities of the company: mounting and demounting of oil and gas production equipment; drilling of oil, gas wells; underground and major overhaul of oil and gas wells; design of oil and gas well construction; testing and development of the wells and others.