REFERENCE: KAZNEFTEKHIM LLP (Kazakhstan) - financial indicators

/IRBIS, October 15, 02/ - Data shown below is published by IRBIS in accordance with including into Kazakhstan stock exchange's (KASE) official "B" listing category of inscribed coupon indexed bonds of KAZNEFTEKHIM LLP (Almaty) of the first issue (KZ2PKY02A634; KZT1,000.00; KZT305.8m; October 10, 02 - October 10, 04). The reference has been made by the materials of KASE listing commission's conclusion. KAZNEFTEKHIM LLP has presented the following financial statement to KASE, which was prepared in compliance with Kazakhstan accounting standards: balance sheets, income statements, cash flow statements for 1999-2001, intermediate financial statement for the second quarter of 2002. Below are data of the company's non-audited consolidated financial statement, and also indicators, which were calculated on their basis by stock exchange's specialists (th. KZT, unless otherwise specified, as of January 1 of 2000 and July 1 of 2002 - data of non-audited statement). ---------------------------------------------------------------------- As of As of As of As of Indicator Jan 1, 00 Jan 1, 01 Jan 1, 02 July 1, 02 ------------------------- --------- --------- --------- ---------- Authorized capital (paid) 585 100,000 100,000 100,000 Shareholders' equity 23,311 115,018 102,239 94,869 Book value of assets 142,569 128,478 339,422 393,893 Working capital 13,611 85,799 74,363 70,440 Accounts receivable 41,221 43,900 225,756 316,245 Liabilities 119,258 13,460 237,183 299,025 Attracted credits - 10,849 147,196 140,724 Accounts payable 74,460 2,611 89,987 158,300 Sales volume 330,506 1,074,503 778,098 247,769 Cost of goods sold 264,580 940,357 709,029 192,505 Net income (loss) 23,510 (1,561) (12,779) (6,965) ------------------------- --------- --------- --------- ---------- Return on sales (ROS), % 19.95 12.48 8.88 22.30 Return on assets (ROA), % 16.49 - - - Return on equity (ROE), % 100.85 - - - ---------------------------------------------------------------------- Audit of the company's non-consolidated financial statement for 2000-2001, which had been prepared in compliance with Kazakhstan accounting standards, was conducted by NAC Centeraudit-Kazakhstan LLP (Almaty, license of the Ministry of finance of Kazakhstan dated December 27 of 1999 #0000017). According to the financial statement of KAZNEFTEKHIM LLP its assets since 1999 till 2001 increased from KZT142.6m to KZT339.4m or 2.4 times and as of July 1 of 2002 equaled to KZT393.9m. The major increase of assets during this period (59.9% of total sum of the increase or KZT117.9m) occurred as the result of increase of accounts receivable. As of July 1 of 2002 the company's accounts receivable reached KZT316.2m or 80.3% of all assets' amount. The biggest part of total accounts receivable - 24.0% - belong to loan indebtedness of a physical person, 21.3% - accounts receivable of Zham Oil Base LLP, 17.5% - KazTransGroup CJSC. The whole accounts receivable excluding loan indebtedness of the physical person is a short-term trade indebtedness. [2002-10-15]