Results of KazTransOil OJSC (Kazakhstan) activity for the first quarter of 2002

/KASE, May 17, 02/ - KazTransOil OJSC (Astana), whose shares are traded under category "A" of the official listing provided KASE with the financial report of economic activity in the first quarter of 2002: the balance sheet and income and cash flow statements. The following indicators are results of company's financial and economic activity in the first quarter of 2002, based upon company's information (in th. KZT, if otherwise specified): --------------------------------------------------------------- As of As of Indicator Apr 01, 01 Apr 01, 02 Change,% --------------------------- ----------- ----------- -------- Authorized capital (paid) 32,903,713 32,884,575 -0.1 Shareholders' equity 123,590,743 128,818,549 +4.2 Total assets 137,885,336 175,403,741 +27.2 Net working capital 15,788,924 44,295,224 +180.5 Accounts receivables (net) 6,575,740 20,662,780 +214.2 Total liabilities, 14,275,594 46,585,192 +226.3 Attracted credits - 2,617,756 - Accounts payable 9,721,158 13,911,591 +43.1 Issued bonds 3,922,641 27,396,000 +598.4 Volume of services rendered 10,352,766 12,668,516 +22.4 Cost of goods sold 6,432,685 6,194,252 -3.7 Net income for the period 2,137,001 3,879,628 +81.5 --------------------------------------------------------------- Relative to corresponding period 2000 there is the increase of: - Shareholders' equity - by KZT5.2bn as the result of the increase of total sum of undistributed income - by KZT7.8bn and other reserve capital - by KZT3.3m with the decrease of additional unpaid capital KZT5.9bn; - assets - by KZT37.5bn including: money and its equivalent - by KZT25.9bn, accounts receivables - by KZT14.1bn, construction in progress - by KZT5.5bn, other assets - by KZT3.2bn with decreasing of depreciated cost of fixed assets - by KZT11.2bn; - liabilities by - KZT32.3bn as a result of: volume of the floated bonds (including international ones) - by KZT23.5bn, accounts payable - by KZT4.1bn, loans obtained - by KZT2.6bn and other liabilities - by KZT2.1bn; - volume of services rendered by - KZT2.3bn; At the same time the cost of services rendered decreased by KZT238.4m relative to the same period of 2001, expenses of the period - by KZT133.1m By the activity results for the first quarter of 2002 the net income of KazTransOil CJSC is KZT3.9bn that is KZT1.7bn more than in the same period of 2001. The main activities are as follows: service on transportation of oil, mineral oil and water by pipelines, sea and railway transport. [2002-05-17]