Auditors' report on financial statement of Development Bank of Kazakhstan CJSC for 2002
15.04.03 00:00
/KASE, April 15, 03/ - Development Bank of Kazakhstan CJSC (Astana),
whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "А"
listing category, has presented KASE auditors' report made by KPMG Janat
(Almaty), which was made on the bank's financial statement for 2002, which had
been prepared on international accounting standards.
According to the date of auditors' report, the following indexes are result of
the bank's financial and economic activity as of December 31 of 2002 (in th.
KZT, unless otherwise specified):
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Index 2001 2002
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Issued (paid) authorized capital 24,026,677 30,000,000
Shareholders equity 24,800,277 32,810,403
Total assets 24,872,718 57,589,614
Sum of liquid assets 24,769,690 45,635,396
Loans for clients (net) 0 11,740,139
Indebtedness of other banks (net) 1,127 16,918,173
Liabilities, total 72,441 24,779,211
Funds on clients' special accounts 15,234 51,012
Banks' funds 0 4,456,713
Issued bonds 0 20,105,155
Total sum of revenues 970,973 3,678,682
Total sum of expenses 197,373 1,641,879
Net income 773,600 2,036,803
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It's been calculated according to auditor's data:
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Return on equity (ROE), % 3.12 6.21
Return on assets (ROA), % 3.11 3.54
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Auditing of the bank's financial statement, which was prepared in compliance
with international accounting standards, was made by KPMG Janat in compliance
with international auditing standards.
In the auditor's opinion, the financial statement exactly in all significant
aspects reflects the bank's financial position as of December 31 of 2002, and
also results of its financial and economic activity, cash flow and changes in
shareholders equity for the year, which ended on December 31 of 2002, in
compliance with international accounting standards.
Primary activity - rendering of banking activities (except attracting of
deposits and opening of accounts for physical and juridical entities, excluding
opening and maintaining of accounts of conditional deposits, reserve accounts
in compliance with agreements on loans that are guaranteed by the state, and
also on servicing of investment projects, which are financed at the expense of
means of Republican and local budgets).
[2002-04-15]