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

/KASE, Dec 29, 01/ - Mangistaumunaigas OJSC (Aktau) 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 less treasury stock) 10,892,027 10,892,027 0 Shareholders' equity 17,711,054 37,414,899 +111.3 Total assets 51,881,969 76,455,097 +47.4 Net working capital -5,386,015 -257,051 -95.2 Accounts receivable (net) 8,820,961 22,741,834 +157.8 Liabilities 34,170,915 39,040,198 +14.2 Accounts payable 28,497,445 24,871,154 -12.7 Sales 68,406,160 85,092,478 +24.4 Cost of goods sold 32,315,390 42,455,580 +31.4 Net income 6,130,219 12,512,876 +104.1 Book value of a share, KZT 1,626.1 3,435.07 +11.3 ------------------------------------------------------------------------------ Compared to similar period of 2000 growth took place in: - shareholders' equity of the company - by KZT19.7bn as a result of an increase in final amount of undistributed income by KZT18.3bn, reserve capital - by KZT1.6bn with a decrease in additional unpaid capital (re- evaluation of fixed assets) - by KZT236.4m; - assets - by KZT24.6bn, including: accounts receivable - by KZT13.9bn and residual value of fixed assets - by KZT10.7bn; - liabilities - by KZT4.9bn, of which KZT1.7bn - increase in formed reserves on liquidation of oil and gas equipment and recultivation of lands and total of accounts payable (including formed provisions) by KZT3.2bn; - sales - by KZT16.7bn; - cost of goods sold - by KZT10.1bn. Expenses of the period declined by KZT5.7bn (18.8%) against similar period of 2000, including: sales expenses - by KZT3.7bn (23.0%), general and administrative expenses - by KZT20.0bn (14.0%). As a result, Mangistaumunaigas OJSC received a net income of KZT12.5bn in 9 months of 2001, which is KZT6.2bn or 2 times more than in similar period of last year. The following table represents dynamics of some parameters of Mangistaumunaigas OJSC for year 2001 on a quarterly and non-cumulative sum basis (in th. KZT): -------------------------------------------------------------- Ratio I-2001 II-2001 Change, % III-2001 Change, % ---------- -------- -------- --------- -------- --------- Sales 27,213.7 29,304.7 +7.7 28,574.1 -2.5 Net income 8,717.7 -2,700.5 -131.0 6,017.2 +322.8 -------------------------------------------------------------- Primary activities: extraction and transportation of oil and gas; oil refining, sale of oil and oil products; exploration of oil and gas deposit sites. Now, official list of the Exchange of category "B" contains common inscribed (KZ1C05020218, trade code - MMGZ) and preferred inscribed (KZ1P05020213, trade code - MMGZp) shares of Mangistaumunaigas OJSC.