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): ------------------------------------------------------------------------- Index 2001 2002 ------------------------------------------------- ---------- ---------- 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 ------------------------------------------------- ---------- ---------- It's been calculated according to auditor's data: ------------------------------------------------- ---------- ---------- Return on equity (ROE), % 3.12 6.21 Return on assets (ROA), % 3.11 3.54 ------------------------------------------------------------------------- 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]