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

/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 the first quarter of 2002: balance sheet, income and cash flow statements. The following indicators are results of the company's financial and economic activity in the first quarter of 2002, based upon the issuer's information (in th. KZT, if otherwise specified): ----------------------------------------------------------------------- As of As of Indicator April 1, 01 April 1, 02 Change,% ----------------------------------- ----------- ----------- -------- Authorized capital 3,625 3,625 - Shareholders' equity 1,595,975 1,595,975 - Total assets 1,777,799 2,726,289 +53.4 Net working capital 1,747,703 2,725,357 +55.9 Accounts receivable 1,584,911 1,445,602 -8.8 Total liabilities 181,824 1,130,314 +521.7 Bonds issued 151,810 1,130,314 +644.6 Accounts payable 909 - - Sales volume - - - Cost of goods sold - - - Net income (expense) for the period - - - ----------------------------------------------------------------------- Report on results of financial and economic activity s of SHKHARMUNAIGAS OJSC for the first quarter of 2000 and 2001 does't comprise information about results of company's activity for periods mentioned above. Relative to corresponding period 2001 there was growth in: - The company's assets - by KZT948.5m that was caused by expenses increase for further periods by KZT1.1bn (6.7 times as much) with reduction of accounts receivable by KZT139.3m; - Liabilities - by KZT948.5m that was caused by an increase of outstanding bonds volume having a decrease in other liabilities by KZT29.1. 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]