Results of activity of NAC Kazatomprom (Kazakhstan) for 2002

/KASE, May 6, 03/ - NAC Kazatomprom (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the consolidated financial statement for: the 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 3,373,136 3,373,136 0.0 Shareholders' equity 38,517,283 39,542,703 +2.7 Book value of assets 53,712,272 50,673,470 -5.7 Net working capital 23,225,710 23,420,838 +0.8 Accounts receivable 11,872,597 9,186,051 -22.6 Total liabilities 15,194,989 11,130,767 -26.7 Attracted credits 6,743,472 1,662,256 -75.4 Issued bonds - 511,285 - Accounts payable 2,727,833 2,852,959 +4.6 Sales volume 19,953,579 23,331,444 +16.9 Cost of goods sold 12,802,547 16,570,284 +29.4 Expenses of the period 4,767,533 5,048,173 +5.9 Net income (loss) for the period 7,018,475 4,625,831 -34.1 ------------------------------------------ ---------- ---------- -------- It's been calculated on the issuer's data: ------------------------------------------ ---------- ---------- -------- Return on sales (ROS), % 35.84 28.98 -19.1 Return on equity (ROE), % 18.22 11.70 -35.8 Return on assets (ROA), % 13.07 9.13 -30.1 ---------------------------------------------------------------------------- Relative to similar period of 2001 there are following changes: - shareholders' equity increased by KZT1.0 bn. as the result of increase of total sum of undistributed income by 4.0 bn., reserve capital - by 506.0 m., whereas there took place decrease of additionally unpaid capital by 3.4 bn; - assets decreased by KZT3.0 bn. that had been caused by decrease of the sum of accounts receivable by 2.7 bn, inventory - by 2.7 bn. and other assets - by 223.5 m., whereas there took place increase of residual value of fixed assets by 2.6 bn; - liabilities decreased by KZT4.1 m, in accordance with decrease of the volume of attracted credits by 5.1 bn, that was partially compensated by bonds floatation for 511.3 m., growth of revenues of future periods by 322.8 m and other liabilities - by KZT182.9 m; - sales volume increased by KZT3.4 bn; - cost of goods sold increased by KZT3.8 bn. Net income, which NAC Kazatomprom received according to results of 2002, decreased by KZT2.6 bn in comparison with 2001. The table below shows dynamics of some indicators of NAC Kazatomprom for 2002 by quarters by non-growing total (in m. KZT): ----------------------------------------------------------------------------- Change, Change, Change, Index I-2002 II-2002 % III-2002 % IV-2002 % ------------ ------- ------- ------- -------- ------- -------- ------- Sales volume 5,050.0 6,873.5 +36.1 8,213.4 +19.5 3,194.6 -61.1 Net income 1,845.4 1,887.3 +2.3 2,113.6 +12.0 -1,220.4 -157.7 ----------------------------------------------------------------------------- Company's primary activities: carrying out functions of the nationals operator on export and import and its compounds, nuclear fuel for atomic power stations, special equipment and technologies, materials of double usage. [2003-05-06]