Results of activity of KazTransOil CJSC (Kazakhstan) for 9 months of 2002

/KASE, December 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 9 months of 2002: the balance sheet and income 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) 32,884,575 32,884,575 0.0 Shareholders' equity 127,585,838 136,530,325 +7.0 Total assets 168,261,160 182,489,784 +8.5 Net working capital 44,558,107 46,972,493 +5.4 Accounts receivable (net) 19,820,799 21,732,716 +9.6 Liabilities, total 40,675,322 45,959,459 +13.0 Attracted credits 1,270,220 3,521,983 +177.3 Issued bonds 26,586,404 27,849,600 +4.8 Accounts payable 12,302,436 11,283,266 -8.3 Volume of rendered services 32,638,181 38,822,765 +18.9 Cost of rendered services 21,454,425 21,191,689 -1.2 Net income for the period 6,133,186 11,536,282 +88.1 -------------------------------------------------------------------- Relative to similar period of 2001 there increase of: - shareholders' equity - by KZT8.9 bn as the result of increase of total sum of undistributed income by 10.4 bn, reserve capital - by 3.3 bn, whereas there took place decrease of additionally unpaid capital - by 4.8 bn; - assets - by KZT14.2 bn, including: construction in progress - 8.3 bn, money and its equivalents - by 4.9 bn, accounts receivable - by 1.9 bn, inventory - by 1.1 bn, other assets - 986.4 m, whereas there took place decrease of residual value of fixed assets by 3.0 bn; - liabilities - by KZT5.3 bn, that had been caused by increase of volume of attracted credits - by 2.2 bn, offered bonds - by 1.3 bn, revenues of future periods - by 2.8 bn, whereas there took place decrease of accounts payable - by 1.0 bn; - volume of sold services - by KZT6.2 bn. Cost of services, which were rendered by the company for 9 months of 2002, decreased by KZT262.7 m in comparison with similar period of last year. As the result, according to results of 9 months of 2002, KazTransOil CJSC received net income in the amount of KZT11.5 bn that is increased more by 5.4 bn or 1.9 times than for similar period of 2001. The tale below shows dynamics of some indicators of KazTransOil CJSC 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 12,668.5 12,683.5 +0.1 13,470.7 +6.2 Net income 3,879.6 3,271.8 -15.7 4,384.9 +34.0 ------------------------------------------------------------ The company's primary activities: services on transportation of oil, mineral oils and water by pipelines, sea and railway transport. [2002-12-11]