Results of activity of Aluminum of Kazakhstan OJSC (Kazakhstan) for 2001

/KASE, May 15, 02/ - Aluminum of Kazakhstan OJSC (Pavlodar), which shares are traded in official exchange list under category "A" provided KASE with the financial report of economic activity in 2001: the balance sheet and income and cash flow statements. The following indicators are results of company's financial and economic activity in 2001, based upon company's information (in th. KZT, if otherwise specified): ------------------------------------------------------------ As of As of Indicator Jan 01, 01 Jan 01, 02 Change,% ----------------------------- ---------- ---------- -------- Authorized capital (paid) 5,827,176 5,834,811 +0.1 Shareholders' equity 14,859,211 21,337,995 +43.6 Total assets 25,378,070 30,854,867 +21.6 Net working capital 4,637,650 5,817,958 +25.5 Accounts receivables 5,912,913 6,497,714 +9.9 Total liabilities, 10,518,859 9,516,872 -9.5 Accounts payable 8,524,754 6,174,582 -27.6 Sales volume 26,727,546 29,311,907 +9.7 Cost of goods sold 15,652,094 18,916,418 +20.9 Net income 3,261,969 7,423,170 +127.6 ----------------------------- ---------- ---------- -------- Based on the issuer's data calculated: ------------------------------------------------------------ Return on sales (ROS), % 41.44 35.47 -14.4 Return on equity (ROE), % 21.95 34.79 +58.5 Return on assets (ROA), % 12.85 24.06 +87.2 Earnings per share (EPS), KZT 60.05 140.22 +133.5 Price earnings ratio (P/E) 1.90 0.57 -70.0 Book value of one share, KZT 255.00 365.70 +43.4 ------------------------------------------------------------ Earnings per one common share (EPS) and price earnings ratio (P/E) were calculate without taking into account dividends on privileged shares that will be determined at General meeting of shareholders of the company. Relative to corresponding period 2000 there were following changes: - Shareholders' equity increased by KZT6.5bn as the result of the increase of authorized capital - KZT7.6bn and final amount of undistributed income - KZT6.5bn, at a decrease of additionally unpaid capital - KZT55.8m; - assets have grown by KZT5.5bn including: residual value of fixed assets - by KZT6.2bn, inventories declined by KZT820.9m, accounts receivables grew by KZT584.8m, other assets declined by KZT518.9m; - liabilities decreased by - KZT1.0bn as a result of short term accounts payables decrease - by KZT2.4bn, and at increase of short-term credits - by KZT900.3m and other liabilities - by KZT550.0mn; - sales volume increased by - KZT2.6bn; - cost of goods sold increased by - KZT3.3bn; - expenses of period decreased by - KZT3.1m or 2.5 times; As the result, the net income of the company in 2001 has increased in comparison with 2000 by KZT4.2bn or 2.3 times. The following table represents dynamics of some parameters of Aluminum of Kazakhstan OJSC for year 2001 quarterly not cumulating result (in millions tenge): --------------------------------------------------------------------- Change, Change, Change, Ratio I-2001 II-2001 % III-2001 % IV-2001 % ------------ ------- ------- ------- -------- ------- ------- ------- Sales volume 7,912.5 6,969.8 -11.9 6,940.4 -0.4 7,489.2 +7.9 Net income 2,693.9 855.9 -68.2 842.3 -1.6 3,031.0 +259.8 --------------------------------------------------------------------- Primary activities: production and sale of aluminum, alumna and fluorides; extraction and concentration of aluminum containing raw material; generation of heat and electricity. [2002-05-15]