Results of Kazakhtelecom (Kazakhstan) activity for the first quarter of 2002

/KASE, September 19, 02/ - Kazakhtelecom (Astana), whose securities are circulating under the stock exchange's official "A" listing category, provided KASE with the financial statement in the first quarter of 2002: the balance sheet, income statement and cash flow statement. The following indicators are results of the company's financial and economic activity in the first quarter of 2002, based upon company's information (in th. KZT, unless otherwise specified): ---------------------------------------------------------------- As of As of Indicator Apr 01, 01 Apr 01, 02 Change,% ------------------------------ ---------- ---------- -------- Authorized capital (paid) 12,136,529 9,483,893 -21.9 Shareholders' equity 37,117,031 40,901,870 +10.2 Total assets 61,805,948 71,592,776 +15.8 Net working capital -2,428,565 -1,951,320 -19.7 Accounts receivable 7,153,760 8,817,728 +23.3 Total liabilities, 24,688,917 30,690,906 +24.3 Attracted credits 17,833,960 21,348,561 +19.7 Accounts payable 6,763,421 9,330,701 +38.0 Sales volume 10,114,529 12,552,928 +24.1 Cost of goods sold 5,442,761 7,394,762 +35.9 Net income for the period 2,969,547 2,728,569 -8.1 Book value of one share, tenge 3,058.29 3,611.23 +18.1 ---------------------------------------------------------------- Relative to the first quarter of 2001 there is increase of: - Shareholders' equity - by KZT3.8bn as the result of increase of total sum of undistributed income by KZT8.1bn, reserve capital - KZT1.8bn whereas there took place decrease of additionally unpaid capital by KZT3.5bn and redemption of treasury privileged stocks for the amount of KZT2.7bn; - assets - by KZT9.8bn that was caused by increase of residual value of fixed assets by KZT10.4bn, accounts receivable by KZT1.7bn, funds - by KZT1.1bn whereas there took place decrease of the volume of construction in progress - by KZT3.5bn; - liabilities - by KZT6.0bn, of them: accounts payable - by KZT2.6bn, volume of attracted means (including bonds) - by KZT3.5bn whereas there took place decrease of incomes of future periods by KZT79.9m; - Sales volume - KZT2.4bn; - Cost of goods sold - by KZT2.0bn; - Expenses of the period - by KZT798.4m (by 60.6%). By the activity results for the first quarter of 2002 the net income of Kazakhtelecom OJSC decreased by KZT241.0m relative to corresponding period of 2001. The company's primary activities: telephone, telegraph, TV and radio communications. [2002-09-19]