Results of activity of Aluminium of Kazakhstan OJSC (Kazakhstan) for 9 months of 2002

/KASE, November 20, 02/ - Aluminium of Kazakhstan OJSC (Pavlodar), whose bonds are circulating under stock exchange's official "B" listing category, provided KASE with financial statement for 9 months of 2002: balance sheet and income statement. The following indicators are results of the issuer's financial and economic activity in nine months of 2002, based upon the issuer's information (in th. KZT, unless otherwise specified): ----------------------------------------------------------------- As of As of Change, Indicator Oct 1, 01 Oct 1, 02 % -------------------------------- ---------- ---------- ------- Issued authorized capital (paid) 5,834,811 5,834,811 0.0 Shareholders' equity 19,261,827 23,981,346 +24.5 Total assets 32,166,826 31,371,136 -2.5 Net working capital 3,822,582 6,268,719 +64.0 Accounts receivable 6,610,944 7,435,908 +12.5 Liabilities, total 12,904,999 7,389,790 -42.7 Attracted credits 906,840 649,320 -28.4 Accounts payable 9,959,899 6,027,313 -39.5 Sales volume 21,822,696 20,407,873 -6.5 Cost of goods sold 13,396,443 14,566,910 +8.7 Net income for the period 4,392,174 2,679,112 -39.0 Book value of one share, KZT 330.12 411.00 +24.5 ----------------------------------------------------------------- Relative to 9 months of 2002 there are following changes: - shareholders' equity increased by KZT4.7 bn as the result of increase of total sum of undistributed income by 7.1 bn, additional unpaid capital by 101.6 m, whereas there took place decrease of reserve capital - by 3.2 bn; - assets decreased by KZT795.7 m, that was caused by decrease of inventories volume by 2.9 bn, construction in progress - by 1.9 bn that was partly indemned by growth of residual value of fixed assets by 3.8 bn and other assets - by 247.4 m; - liabilities decreased by KZT5.5 bn, including: the sum of accounts payable - by 5.2 bn, volume of attracted credits - by 257.5 m; - sales volume decreased by KZT1.4 bn; - cost of goods sold increased by KZT1.2 bn. Net income, which was received by Aluminium of Kazakhstan OJSC for 9 months of 2002 decreased in comparison with similar period of last year by KZT1.7 bn or 1.6 times. The tale below shows dynamics of some indicators of Aluminium of Kazakhstan OJSC for 9 months of 2002 by quarters by non- growing result (in m KZT): ---------------------------------------------------------- Change, Change, Indicator I-2002 II-2002 % III-2002 % ------------ ------- ------- ------- -------- ------- Sales volume 5,964.3 7,205.5 +20.8 7,238.0 +0.5 Net income 182.0 1,409.0 +674.1 1,088.0 -22.8 ---------------------------------------------------------- The company's primary activities - production and sale of aluminum, alumina and sodium salts; extraction and concentrating of aluminum, which contains raw stuff; producing of heat and electrical energy. [2002-11-20]