Results of KazTransOil СJSC activity(Kazakhstan) for 2001

/KASE, May 8, 02/ - KazTransOil OJSC (Astana), whose shares are admitted into category A of the official listing provided KASE with the preliminary (non-audited) financial report of for 2001 (the balance sheet, income statement and cash flow statements). The following indicators are results of company's economic activity in 2001, based upon preliminary issuer's data (in th. KZT, unless otherwise indicated): ---------------------------------------------------------------------------- Indicator Jan 01, 01 Jan 01, 02 Change, % -------------------------------------- ------------ ----------- --------- Authorized capital (paid) 32,903,,713 32,884,575 -0.1 Shareholders' equity 121,453,,747 125,010,464 +2.9 Total assets 133,275,308 169,747,898 +27.4 Net working capital 13,697,964 40,143,237 +193.1 Accounts receivables (net) 6,370,947 20,132,525 +216.0 Total liabilities, 11,821,561 44,737,434 +278.4 Obtained credits - 1,292,908 - Accounts payable 7,646,257 14,112,656 +84.6 Own issued bonds 3,628,829 27,036,000 +645.0 Volume of services rendered 35,148,218 44,547,196 +26.7 Cost of service sold 23,668,161 28,429,521 +20.1 Net income 7,431,698 3,945,499 -46.9 -------------------------------------- ------------ ----------- --------- Based on the issuer's data calculated: -------------------------------------- ------------ ----------- --------- Return on sales (ROS), % 32.7 36.2 3.5 Return on assets (ROA), % 5.6 2.3 -3.3 Return on equity (ROE), % 6.1 3.2 -3.0 ---------------------------------------------------------------------------- Relative to corresponding period 2000 there is increase of: - shareholders' equity increased by KZT3.6bn as the result of the increase of other reserve capital - by KZT10.6bn, final amount of undistributed income - KZT152.4m, with decreasing of authorized capital paid by KZT19.1m (fourth shares issue cancellation) and additional unpaid capital - by KZT7.1bn; - assets by KZT36.5bn including: cash and its equivalents - by KZT26.2bn, accounts receivables - by KZT13.8bn, construction in progress - by KZT6.3bn, other assets - by KZT144.2m with decreasing depreciated cost of fixed assets by KZT10.0bn; - liabilities - by KZT32.9bn including attracted credits by KZT1.3bn, current income tax - by KZT1.7bn, accounts payable - by KZT6.5bn, liabilities on own bonds - by KZT23.4bn (international bonds issue); - volume of service rendered - KZT9.4bn; - cost of service - by KZT4.8bn; - expenses of period - by KZT5.2bn (2.2 times). According to the preliminary data net income of KazTransOil for 2001 has reduced in comparison with 2000 by KZT3.5bn that is conditioned by the growth of company's service cost as well as by the increasing of payments on income tax by KZT3.5bn or 3.8 as much in comparison with 2000. The following table represents dynamics of some parameters of KazTransOil OJSC for year 2001 quarterly not cumulating result (in millions tenge): ------------------------------------------------------------------------------ Change Change Change Indicator I-2001 II-2001 % III-2001 % IV-2001 % -------------- -------- -------- ------ -------- ------ -------- ------ Service volume 10,352.8 11,139.6 +7.6 11,145.8 +0.1 11,909.0 +6.8 Net income 1,074.3 4,245.3 +295.2 813.6 -80.8 -2,187.7 -368.9 ------------------------------------------------------------------------------ The main types of the company's activities are service on oil transportation, mineral oil and water by pipeline, by sea and by railroad. [2002-05-08]