Results of activity of Atyraumunaigasgeologiya OJSC (Kazakhstan) for 2002

/KASE, May 5, 03/ - Atyraumunaigasgeologiya OJSC (AtMGG OJSC, Atyrau), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with the financial statement for 2002: balance sheet, income statement and cash-flow statement. The following indicators are results of the issuer's financial and economic activity in 2002, based upon the issuer's information (in th. KZT): ------------------------------------------------------------------------- As of As of Indicator Jan 01, 02 Jan 01, 03 Change,% ------------------------------------------ ---------- ---------- -------- Issued (paid) authorized capital 140,819 140,819 0.0 Shareholders' equity 122,220 134,081 +9.7 Total assets 312,079 411,258 +31.8 Net working capital -38,751 -41,578 -7.3 Accounts receivable 37,421 115,333 +208.2 Total liabilities 189,859 277,177 +46.0 Accounts payable 28,759 127,843 +344.5 Attracted credits 15,000 3,234 -78.4 Issued bonds 146,100 146,100 +0.0 Sales volume 627,442 655,356 +4.4 Cost of goods sold 590,874 580,344 -1.8 Net income (loss) for the period 2,469 11,861 +380.4 ------------------------------------------ ---------- ---------- -------- It's been calculated on the issuer's data: ------------------------------------------ ---------- ---------- -------- Return on sales (ROS), % 5.83 11.45 +96.4 Return on equity (ROE), % 2.02 8.85 +337.9 Return on assets (ROA), % 0.79 2.88 +264.5 ------------------------------------------------------------------------- Relative to 2001 there is increase of: - shareholders' equity of the company - by KZT11.9 m. because of increase of total sum of uncovered losses; - assets - by KZT99.2 m., including: accounts receivable - by 77.9 m., residual value of fixed assets - by KZT14.2 m. and other assets - by 7.1 m.; - liabilities - by KZT87.3 m. that was caused by increase of current accounts payable by 99.1 m., whereas there took place decrease of attracted credits by 11.8 m.; - sales volume - by KZT27.9 m. Cost of goods sold decreased relative to 2001 by KZT10.5 m. Net income, which AtMGG OJSC received according to results of 2002, increased by KZT9.4 m. or 4.8 times against 2001. The table below shows dynamics of some indicators of AtMGG OJSC for 2002 by quarters by non-growing total (in th. KZT): --------------------------------------------------------------------- Change, Change, Change, Index I-2002 II-2002 % III-2002 % IV-2002 % ------------ ------- ------- ------- -------- ------- ------- ------- Sales volume 231,209 106,790 -53.8 216,167 +102.4 101,190 -53.2 Net income 420 630 +50.0 3,290 +422.2 7,521 +128.6 --------------------------------------------------------------------- Company's primary activities - assembling and dismantling of drilling and oil and gas industry equipment; drilling of oil and gas wells; underground and major repairs of oil and gas wells; designing of oil and gas wells building; testing and development of wells and other. [2003-05-05]