Audited financial statements of SHNOS OJSC (Kazakhstan) for 2001

/KASE, August 8, 02/ - SHNOS OJSC (Shymkent), whose securities are circulating under stock exchange's listing categories (shares - "B", bonds - "A"), presented KASE the auditor's report, which had been made on the company's financial statement for 2001 by Deloitte & Touche (Almaty). According to audited financial statement's data the results of the company's financial and economic activity by December 31, 2001 are as follows (in th. KZT, unless otherwise indicated): ----------------------------------------------------- Indicator 2000 2001 ----------------------------- ---------- ---------- Authorized capital (paid) 62,323 62,256 Shareholders' equity 27,653,565 32,342,626 Total assets 30,081,082 46,900,721 Net working capital 19,320,611 16,846,525 Accounts receivable (net) 17,799,091 25,049,951 Total liabilities 2,427,517 14,558,095 Accounts payable 2,283,017 6,563,437 Bonds issued - 1,986,658 Incomes from goods sold 71,287,377 51,250,398 Cost of goods sold 44,620,659 39,764,507 Net income 13,370,387 4,690,008 ----------------------------------------------------- According to the auditor's data it's been calculated: ----------------------------------------------------- Return on sales (ROS), % 37.41 22.41 Return on equity (ROE), % 0.48 0.15 Return on assets (ROA), % 44.45 10.00 Earnings per share (EPS), KZT 215.90 75.73 Price earnings ratio (P/E) 1.07 - Book value of one share, KZT 446.51 519.51 ----------------------------------------------------- Earnings per share (EPS) for 2001 has been calculated without taking into account dividends for privileged shares, which will be determined at general annual shareholders meeting of the company. Audit of the company's financial statement prepared in compliance with Kazakhstan accounting standards was conducted by Deloitte & Touche in compliance with international auditing standards. In the auditor's opinion, in all essential aspects reflects the company's financial situation by December 31, 2001, and results of its financial and economic activity and cash flow for the year, which ended by this date in compliance with Kazakhstan accounting standards. Company's primary activities: petroleum refining and mineral oils sale. [2002-08-08]