Data of the auditor's report on financial statement of ТЕXAKABANK OJSC (Kazakhstan) for 2002

/KASE, May 23, 03/ - ТЕXAKABANK OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) "А" listing category, has presented KASE auditor's report made by KPMG Janat (Almaty), which had been made on the bank's financial statement for 2002, prepared in compliance with international accounting standards. Result of the bank's consolidated financial and economic activity as of December 31 of 2002 is presented by the following indexes, in accordance with the auditor's data (in th. KZT, unless otherwise specified): ----------------------------------------------------------------------- Indicator 2001 2002 ------------------------------------------------- --------- --------- Authorized capital (paid) 641,500 973,380 Shareholders' equity 1,111,839 1,237,940 Total assets 5,923,459 9,149,169 Sum of liquid assets 1,419,138 2,274,377 Loans to clients (net) 3,750,187 5,439,839 Funds in credit institutions 301,773 1,510,957 Indebtedness for banks 518,305 405,104 Indebtedness for clients 3,416,151 5,871,274 Loans granted in repo agreements - 751,627 Issued subordinate bonds 866,329 1,577,137 Total revenues 803,123 1,263,578 General expenses 731,937 1,137,477 Net income 71,186 126,101 ------------------------------------------------- --------- --------- It's been calculated according to auditor's data: ------------------------------------------------- --------- --------- Return on equity (ROE), % 6.40 10.19 Return on assets (ROA), % 1.20 1.38 Book value of one share, KZT 1,588.34 1,271.80 Earnings per share (EPS), KZT 101.69 129.55 ----------------------------------------------------------------------- Audit of the bank's consolidated financial statement was conducted by KPMG Janat in compliance with international auditing standards. The bank's financial statement was correspondingly corrected in order to bring it to conformity with international accounting standards. Data for 2001 was recalculated by the auditor in accordance with mistake, which the bank had made while using standard 39 of international accounting standards "Financial instruments: acknowledgement and estimation" in calculating of balance value of some loans, which were in the bank's credit portfolio. In the auditor's opinion the consolidated financial statement exactly in all essential aspects reflects financial condition of ТЕXAKABANK OJSC as of December 31 of 2002, and also results of its activity, cash flow and change in the capital in the year, which ended by the mentioned date, in compliance with international accounting standards, which had been published by the Committee on international accounting standards. [2002-05-23]