Results of activity of NAC Kazatomprom (Kazakhstan) for 9 months of 2002

/KASE, December 11, 02/ - NAC Kazatomprom (Almaty), whose bonds are circulating under the stock exchange's official "A" listing category, provided KASE with the financial statement for 9 months of 2002: the balance sheet, income statement and cash flow statement. The following indicators are results of the issuer's financial and economic activity for 9 months of 2002, based upon the issuer's information (in th. KZT): ------------------------------------------------------------------ As of As of Indicator Oct 1, 01 Oct 1, 02 Change,% -------------------------------- ---------- ---------- -------- Issued authorized capital (paid) 3,373,136 3,373,136 0.0 Shareholders' equity 35,579,184 41,116,968 +15.6 Book value of assets 49,302,703 53,869,717 +9.3 Net working capital 28,902,051 25,551,805 -11.6 Accounts receivable 12,089,450 14,262,801 +18.0 Liabilities, total 13,723,519 12,752,749 -7.1 Attracted credits 5,663,418 3,438,304 -39.3 Issued bonds - 304,311 - Accounts payable 2,352,013 3,048,647 +29.6 Sales volume 13,288,377 20,136,873 +51.5 Cost of goods sold 10,550,156 14,275,463 +35.3 Expenses of the period 3,291,003 3,420,047 +3.9 Net income for the period 2,888,919 5,846,269 +102.4 ------------------------------------------------------------------ Relative to similar period of 2001 there are following changes: - shareholders' equity increased by KZT5.5 bn as the result of increase of total sum of undistributed income by 9.8 bn, sum of fixed assets revaluation - by 216.5 m, whereas there took place decrease of additionally unpaid capital by 4.5 bn; - assets increased by KZT4.6 bn that had been caused by increase of residual value of fixed assets by 2.6 bn, accounts receivable - by 2.2 bn, construction in progress - 938.7 m and other assets - by 251.0 m, whereas there took place decrease of inventory by 1.4 bn; - liabilities decreased by KZT970.8 m, in accordance with decrease of the volume of borrowings by 1.9 bn, whereas there took place increase of accounts payable by 697.9 m and other liabilities - by KZT252.2 m; - sales volume increased by KZT6.8 bn; - cost of goods sold increased by KZT3.7 bn. Net income, which was received by NAC Kazatomprom according to results of 9 months of 2002, exceeded net income of corresponding period o 2001 by KZT3.0 bn or 2 times. The tale below shows dynamics of some indicators of NAC Kazatomprom for 2002 by quarters by non-growing result (in m KZT): ---------------------------------------------------------- Change, Change, Indicator I-2002 II-2002 % III-2002 % ------------ ------- ------- ------- -------- ------- Sales volume 5,050.0 6,873.5 +36.1 8,213.4 +19.5 Net income 1,845.4 1,887.3 +2.3 2,113.6 +12.0 ---------------------------------------------------------- The company's primary activities: carrying out functions of the nationals operator on export and import and its compounds, nuclear fuel for atomic power stations, special equipment and technologies, materials of double usage. [2002-12-11]