Results of activity of Kazneftehim LLP (Kazakhstan) for 2002

/KASE, May 6, 03/ - Kazneftehim LLP (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "В" listing category, provided KASE with audited BDO Kazakhstanaudit CJSC (Almaty) financial statement for 2002: balance sheet, income statement and cash flow statement. According of the data of audited financial statement the issuer's financial and economic activity in 2002 are presented by the following indicators (in th. KZT, unless otherwise specified): ---------------------------------------------------------------------------- As of As of Indicator Jan 01, 02 Jan 01, 03 Change,% ------------------------------------------ ---------- ---------- -------- Issued (paid) authorized capital 100,000 200,000 100.0 Shareholders' equity 102,239 347,323 239.7 Total assets 376,863 739,690 96.3 Net working capital 7,345 -208,228 - Accounts receivable 192,012 135,433 -29.5 Total liabilities 259,563 368,323 41.9 Attracted credits 147,196 232,688 58.1 Accounts payable 112,367 135,636 20.7 Sales volume n/a 610,778 - Cost of goods sold n/a 463,553 - Net income (loss) for the period (14,340) 201,569 - ------------------------------------------ ---------- ---------- -------- It's been calculated on the issuer's data: ------------------------------------------ ---------- ---------- -------- Return on sales (ROS), % n/a 24.10 - Return on equity (ROE), % - 58.04 - Return on assets (ROA), % - 27.25 - ---------------------------------------------------------------------------- Comparative analysis of the company's some indicators with 2001 is not given on account of absence of consolidated report about results of financial and economic activity in 2001. Relative to 2001 there is increase of: - shareholders' equity of the company - by KZT245.1 m. because of increase of total sum of undistributed income by 195.0 m. and paid part of authorized capital - by 50.0 m.; - assets - by KZT362.8 m., that had been caused by growth of residual value of fixed assets - by KZT463.2 m., whereas there took place decrease of other assets - by 100.3 m.; - liabilities - by KZT108.8 m. including: attracted credits - by 85.5 m. and accounts payable - by 23.3 m. Net income, which Kazneftehim LLP received in 2002, was KZT201.6 m. against KZT14.3 m. of losses in 2001. The company's primary activities - trade with mineral oils at domestic and foreign markets, reloading, transportation of oil, production and refining of mineral oils and other. [2003-05-06]