Results of Astana-finance OJSC (Kazakhstan) activity for the first half year of 2002

/KASE, September 30, 02/ - Astana-finance OJSC (Astana), whose securities are circulating under the stock exchange's official "A" listing category, provided KASE with the financial statement for the first half year 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 six months of 2002, based upon the company's information (in th. KZT, unless otherwise specified): ------------------------------------------------------------------ As of As of Indicator July 01, 01 July 01, 02 Change,% ------------------------------ ----------- ----------- -------- Authorized capital (paid) 1,820,875 2,000,000 +9.8 Shareholders' equity 2,255,495 2,515,399 +11.5 Total assets 8,029,232 11,008,140 +37.1 Accounts receivable 1,465,665 1,239,857 -15.4 Loan portfolio 5,072,904 7,830,658 +54.4 Total liabilities 5,773,737 8,492,741 +47.1 Attracted credits 5,487,152 5,539,627 +1.0 Issued bonds - 1,729,580 - Accounts payable 283,351 1,145,241 +304.2 Total revenues 524,131 484,922 -7.5 General expenses 414,052 379,284 -8.4 Net income for the period 110,079 105,638 -4.0 Book value of one share, tenge 1,238.69 1,257.70 +1.5 ------------------------------------------------------------------ Relative to similar period of 2001 there are following changes: - Shareholders' equity of the company increased by KZT259.9m as the result of increase of the paid part of authorized capital (floatation of shares of the third issue) by KZT179.1m, reserve capital - by KZT83.0m whereas there took place decrease of total sum of undistributed income by 2.2m; - assets increased by KZT3.0bn, including: volume of granted credits - by KZT2.8bn and other assets - by KZT436.9m whereas there took place decrease accounts receivable by 189.7m; - liabilities increased by KZT2.7bn, that was caused by floatation of bonds to the amount of KZT1.7bn, growth of accounts payable by 861.9m, attracted credits - by 52.5m and other liabilities - by 51.3m; - Revenues decreased by KZT39.2m; - Expenses decreased by KZT34.8m. Net income received by Astana-finance OJSC by the results of the first half year of 2002 decreased by KZT4.4m and equaled to KZT105.6m relative to similar period of 2001. Astana-finance OJSC is non-banking organization, which's primary activities are as follows: individual types of banking services, investment activity, financing of economic and social projects on development Astana city, and also other types of activity in accordance with the Charter and licenses, which the company possesses. [2002-09-30]