Results of activity of NAC Kazatomprom OJSC (Kazakhstan) for the first half year of 2002

/KASE, October 22, 02/ - NAC Kazatomprom (Almaty), 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, income statement and cash flow 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): --------------------------------------------------------------------- As of As of Indicator July 01, 01 July 01, 02 Change,% --------------------------------- ----------- ----------- -------- Authorized capital (paid) 3,373,136 3,373,136 0.0 Shareholders' equity 38,041,545 39,611,472 +4.1 Book value of assets 55,489,710 54,165,636 -2.4 Working capital 28,117,914 23,923,582 -14.9 Accounts receivable 13,832,447 12,668,308 -8.4 Total liabilities 17,448,165 14,554,164 -16.6 Attracted loans (including bonds) 6,233,602 5,144,619 -17.5 Accounts payable 3,439,173 3,014,354 -12.4 Sales volume 8,728,211 11,923,507 +36.6 Cost of goods sold 9,218,290 8,211,186 -10.9 Expenses of the period 2,149,472 2,066,586 -3.9 Net income (loss) for the period 4,023,918 3,732,717 -7.2 --------------------------------------------------------------------- Relative to similar period of 2001 there are following changes: - Shareholders' equity increased by KZT1.6bn as a result of increase of total sum of undistributed income by 5.9bn whereas there took place decrease of additionally unpaid capital by 4.3bn; - assets decreased by KZT1.3bn that was caused by reduction of long- term investments by 4.4bn and accounts receivable - by 1.2bn whereas there took place increase of residual value of fixed assets by KZT2.7bn, inventories - by 1.1bn and other assets - by 451.0m; - liabilities decreased by KZT2.9bn, including: volume of attracted credits - by 793.1m, accounts payable - by 424.8m, goodwill - by 664.2m, charged reserves - by 507.0m and other liabilities - by 504.8m; - sales volume increased by KZT3.2bn; - cost of goods sold fell by KZT1.0bn; - incomes from secondary activity fell by KZT3.8bn (31 times less). Net income received by NAC Kazatomprom by the results of the first half year of 2002 equaled to KZT3.7bn having decreased by 291.2m or 3.7 times in comparison with similar period of last year. The company's primary activities: fulfilling of functions of the national operator on import and export of uranium and its compounds, nuclear fuel for atomic power stations, special equipment and technologies, materials of double application. [2002-10-22]