Results of activity of Kazakhstan Mortgage Company CJSC (Kazakhstan) for 2002

/KASE, May 15, 03/ - Kazakhstan Mortgage Company CJSC (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with financial statement for 2002: the balance sheet, income statement and cash flow statement. The following indicators are result of the issuer's financial and economic activity in 2002, based upon the issuer's information (in th. KZT, unless otherwise specified): --------------------------------------------------------------------------- As of As of Indicator Jan 1, 02 Jan 1, 03 Change,% ------------------------------------------ --------- --------- --------- Issued (paid) authorized capital 1,000,000 1,500,000 +50.0 Shareholders' equity 1,055,450 1,616,703 +53.2 Total assets 1,057,883 2,138,104 +102.1 Liquid assets 941,465 955,929 +1.5 Mortgage loans 60,293 1,115,569 +1,750.2 Liabilities, total 2,433 521,401 +21,330.4 Issued bonds - 500,000 - Total revenues 106,589 163,012 +52.9 Total expenses 106,589 96,309 -9.6 Net income for the period 55,450 66,703 +20.3 ------------------------------------------ --------- --------- --------- It's been calculated on the issuer's data: ------------------------------------------ --------- --------- --------- Return on equity (ROE), % 5.24 3.12 -40.5 Return on assets (ROA), % 5.25 4.13 -21.5 --------------------------------------------------------------------------- Relative to 2001 there is increase of: - shareholders' equity - by KZT561.3 m. as the result of increase of the paid part of authorized capital by 500.0 m. (floatation of shares of the 2nd issue), reserve capital - by 50.0 m. and total sum of undistributed income - by 11.3 m.; - assets - by KZT1.1 bn. including: mortgage loans - by 1.1 bn. and other assets - by 24.9 m.; - liabilities - by KZT519.0 m., of them: offered bonds - by 500.0 m. and other liabilities - by KZT19.0 m.; - revenues - by KZT56.4 m. Company's expenses decreased in comparison with 2001 by KZT10.3 m. Net income, which Kazakhstan Mortgage Company CJSC received according to results of 2002, exceeded similar index of 2001 by KZT11.3 m. The company's primary activities - loan operations (giving credits in monetary form on the terms of paying off, urgency and giving back), factoring operations (purchasing of rights of payment requirement from consumer of goods (works, services) with assumption of the risk of non-payment). [2003-05-15]