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

/KASE, May 28, 03/ - AMB OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) "А" listing category, has presented KASE auditor's report made by Ernst & Young (Almaty), which had been made on the bank's consolidated 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 2001 and 2002 is presented by the following indexes, in accordance with the auditor's data (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------------ Indicator 2001 2002 ------------------------------------------------------ ---------- ---------- Issued authorized capital (paid excluding withdrawn) 3,099,100 3,099,974 Shareholders' equity 4,250,911 5,142,817 Total assets 39,038,552 58,221,432 Sum of liquid assets 13,207,527 20,310,529 Loans to clients (net) 24,119,982 34,761,711 Liabilities, total 34,787,641 53,049,890 Indebtedness to clients 20,066,744 31,545,022 Funds and loans of banks, other financial institutions 13,733,277 19,431,763 and the Government Issued bonds - 1,593,595 Subordinate loan 711,431 - Total revenues 5,193,095 7,430,329 General expenses 4,414,792 6,424,643 Net income 778,303 1,005,686 ------------------------------------------------------ ---------- ---------- It's been calculated according to auditor's data: ------------------------------------------------------ ---------- ---------- Return on equity (ROE), % 18.31 19.56 Return on assets (ROA), % 1.99 1.73 Earnings per share (EPS), KZT 388.58 354.73 Book value of one share, KZT 1,371.66 1,904.91 ------------------------------------------------------------------------------ Audit of consolidated financial statement of the bank and daughter companies (hereinafter - Group) for 2002 was conducted by Ernst & Young 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. The Group's consolidated financial statement as of December 31 of 2002 comprises financial statement of the bank and its two daughter companies - Insurance company ATF Policy CJSC (Almaty, insuring activity), in which the bank owns 100% of issued shares and "DB of AMB OJSC" "Bank Apogei" OJSC (Almaty, banking activity), in which the bank owns 94.7% of total number of issued shares. The Group's financial statement was correspondingly corrected in order to bring it in conformity with international accounting standards. In the auditor's opinion the consolidated financial statement exactly in all essential aspects reflects the Group's consolidated financial condition as of December 31 of 2002 and about consolidated results of its activity and cash flow for the year, which ended by the mentioned date, in compliance with international accounting standards. [2002-05-28]