Results of SHAKHARMUNAIGAS OJSC (Kazakhstan) activity for 2001

/KASE, June 13, 02/ - SHAKHARMUNAIGAS OJSC (Almaty), whose bonds are circulating under category "A" of the official listing provided KASE with the financial report for 2001: the balance sheet, income and cash flow statements. The following indicators are results of the company's financial and economic activity in 2001, based upon the issuer's information (in th. KZT, if otherwise specified): ------------------------------------------------------------------------ As of As of Indicator Jan 1, 01 Jan 1, 02 Change,% --------------------------------------- --------- --------- --------- Authorized capital 3,625 3,625 - Shareholders' equity 1,595,975 1,595,975 - Total assets 1,602,851 2,592,129 +61.7 Net working capital 1,593,741 2,591,437 +62.6 Accounts receivable 1,594,628 1,378,666 -13.5 Total liabilities 6,876 996,154 +14,388.0 Bonds issued - 996,154 - Accounts payable 6,876 - - Sales volume 15,476 - - Cost of goods sold 8,621 - - Net income (expense) for the period (3,371) - - --------------------------------------- --------- --------- --------- It was calculated by the issuer's data: --------------------------------------- --------- --------- --------- Return on sales (ROS), % 44.30 - - ------------------------------------------------------------------------ In accordance with the fact that results of SHKHARMUNAIGAS OJSC financial and economic activity for 2001 is negative, and income statement for 2001 presented to stock exchange has no data about results of the company's activity, indicators of return on assets (ROA) and return on equity (ROE) for 2000-2001 and return on sales for 2001 are absent in the comparative table. Relative to corresponding period 2000 there are following changes: - The company's assets rose by KZT989.3m that was caused by expenses increase for further periods by KZT1.2bn (220 times as much) with reduction of accounts receivable by KZT216.0m and depreciated cost of fixed assets - by KZT1.5m; - Liabilities increased by KZT989.3m that caused partial floatation of the company's bonds of the first issue in 2001 with decreasing the current accounts payable by KZT6.9m. The main activities are as follows: exploring, mine workings, production and realization of hydrocarbon stuff, mineral oil, transportation, refining, making export-import operations with hydrocarbon stuff, mineral oil, building and exploiting filling stations and bases for keeping and transfer hydrocarbon stuff, mineral oil. [2002-06-13]