Results of activity of Corporation Kazakhmys OJSC (Kazakhstan) for 9 months of 2002

/KASE, December 12, 02/ - Corporation Kazakhmys OJSC (Zheskazgan), whose shares 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, unless otherwise specified): -------------------------------------------------------------------- As of As of Indicator Oct 1, 01 Oct 1, 02 Change,% -------------------------------- ----------- ----------- -------- Issued authorized capital (paid) 2,946,920 2,946,920 0.0 Shareholders' equity 86,829,243 118,937,621 +37.0 Total assets 123,853,673 155,786,562 +25.8 Net working capital 24,482,951 44,385,242 +81.3 Accounts receivable 20,025,619 17,792,370 -11.2 Liabilities, total 37,024,430 36,848,941 -0.5 Short-term credits 1,357,540 0 - Accounts payable 25,873,935 27,782,459 +7.4 Sales volume 87,801,936 95,020,951 +8.2 Cost of goods sold 39,719,854 42,934,911 +8.1 Net income for the period 25,724,678 31,158,730 +21.1 Book value of one share, KZT 17,678.64 24,215.99 +37.0 -------------------------------------------------------------------- Relative to similar period of 2001 there are following changes: - shareholders' equity increased by KZT32.1 bn as the result of increase of total sum of undistributed income by 32.9 bn, whereas there took place decrease of additionally unpaid capital by 750.0 m; - assets increased by KZT31.9 bn that had been caused by increase of funds by 22.6 bn, volume of construction in progress - 10.5 bn and residual value of fixed assets - by 3.3 bn, whereas there took place decrease of accounts receivable by 2.2 bn, long-term financial investments - by 1.8 bn and other assets - by 537.0 m; - liabilities decreased by KZT175.5 m in accordance with short-term credits paying back for 1.4 bn and decrease of other liabilities by 726.5 m that was partially covered by increase of accounts payable by 1.9 bn; - sales volume increased by KZT7.2 bn; - cost of goods sold increased by KZT3.2 bn; - expenses of the period decreased by 764.9 m (by 5.2%). Net income, which was received by Corporation Kazakhmys OJSC for 9 months of 2002, in comparison with similar period of 2001 by KZT5.4 bn. The tale below shows dynamics of some indicators of Corporation Kazakhmys OJSC for 2002 by quarters by non-growing result (in m KZT): ------------------------------------------------------------ Change, Change, Indicator I-2002 II-2002 % III-2002 % ------------ -------- -------- ------- -------- ------- Sales volume 31,372.0 32,140.4 +2.4 31,508.5 -2.0 Net income 13,090.7 8,967.0 -31.5 9,101.0 +1.5 ------------------------------------------------------------ The company's primary activities - extraction and manufacturing of treasures of the soil, production of cathode copper; production, transfer and distribution of electrical and heat energy; Scientific-research, development, design works; industrial and civil building; transportation of cargo and passengers. [2002-12-12]