Results of activity of KazTransOil CJSC (Kazakhstan) for the first half year of 2002

/KASE, October 11, 02/ - KazTransOIl CJSC (Astana), whose bonds 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 and income statement. The following indicators are results of the issuer's financial and economic activity in the first six months of 2002, based upon the issuer's information (in th. KZT, unless otherwise specified): -------------------------------------------------------------------- As of As of Indicator July 01, 01 July 01, 02 Change,% -------------------------------- ----------- ----------- -------- Authorized capital 32,884,575 32,884,575 0.0 Shareholders' equity 126,772,274 132,145,450 +4.2 Total assets 142,550,788 177,595,737 +24.6 Net working capital 20,554,013 45,957,325 +123.6 Accounts receivable (net) 9,077,494 23,619,720 +160.2 Total liabilities 15,778,514 45,450,287 +188.1 Attracted credits 1,259,900 2,400,883 +90.6 Accounts payable 9,596,456 12,573,070 +31.0 Issued bonds 4,395,893 27,558,000 +526.9 Volume of rendered services 21,492,358 25,352,064 +18.0 Cost of services rendered 13,763,637 13,421,674 -2.5 Net income (loss) for the period 5,319,623 7,151,411 +34.4 -------------------------------------------------------------------- Relative to similar period of 2001 there is increase of: - shareholders' equity of the company - by KZT5.4bn as the result of increase of reserve capital by KZT3.3bn, total sum of undistributed income - by 7.3bn whereas there took place decrease of additionally unpaid capital by 5.2bn; - assets - by KZT35.0bn, including: money and its equivalents - by KZT23.1bn, accounts receivable - by KZT13.3bn, volume of construction in progress - by 6.7bn, other assets - by 3.3bn whereas there took place decrease of residual value of fixed assets by11.4bn; - liabilities - by KZT29.7bn, that was caused by floatation of international bonds for KZT23.2bn, increase of accounts payable by 3.7bn, volume of attracted credits - by 1.1bn and other liabilities - 1.6bn; - Volume of sold services - by KZT3.9bn. Cost of services rendered by the company fell by KZT342.0m in comparison with similar period of last year. Net income received by KazTransOil CJSC by the results of the first half year of 2002 equaled to KZT7.2bn that is more by 1.8bn than within similar period of 2001. The company's primary activities: services on transportation of oil, mineral oils and water by pipeline, sea and railway transport. [2002-10-11]