Results of activity of Kazakhtelecom (Kazakhstan) for 2002

/KASE, May 30, 03/ - Kazakhtelecom (Astana), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the audited (final) financial statement for 2002: balance sheet, which was prepared in compliance with Kazakhstan accounting standards. The following indicators are results of the issuer's financial and economic activity in 2002, based upon the financial statement (in th. KZT, unless otherwise specified): ---------------------------------------------------------------------------- As of As of Indicator Jan 1, 02 Jan 1, 03 Change,% ------------------------------------------ ---------- ---------- -------- Issued authorized capital (paid 9,483,893 9,483,669 -0.0 excluding withdrawn) Shareholders' equity 38,173,302 48,495,945 +27.0 Total assets 69,270,052 87,023,032 +25.6 Net working capital -4,459,093 -7,103,258 -59.3 Accounts receivable 8,636,104 14,905,772 +72.6 Liabilities, total 31,096,750 38,527,087 +23.9 Attracted credits 21,638,129 26,331,829 +19.8 Issued bonds 2,904,673 3,896,250 +34.1 Accounts payable 9,458,621 12,195,258 +28.9 Volume of rendered services 45,880,679 56,804,354 +23.8 Cost of rendered services 26,823,392 33,276,064 +24.1 Net income 8,639,366 12,147,203 +40.6 ------------------------------------------ ---------- ---------- -------- It's been calculated by the issuer's data: ------------------------------------------ ---------- ---------- -------- Return on sales (ROS), % 41.59 41.42 -0.4 Return on equity (ROE), % 22.63 25.05 +10.7 Return on assets (ROA), % 12.47 13.96 +11.9 Book value of one share, KZT 3,370.44 4,281.80 +27.0 Earnings per share (EPS), KZT 779.88 1,101.01 +41.2 Price earnings ratio (Р/E), KZT 3.23 2.78 -13.8 ---------------------------------------------------------------------------- Relative to 2001 there increase of: - shareholders' equity - by KZT10.3 bn., as the result of increase of total sum of undistributed income and reserves by similar sum; - assets - by KZT17.8 bn., including: residual value of fixed assets - by 8.2 bn., long-term investments - by 4.5 bn., accounts receivable - by 3.4 bn., inventory - by 1.3 bn., and other assets - by 381.4 m; - liabilities - by KZT7.4 bn. that was caused by increase of volume attracted credits by 3.7 bn., accounts payable - by 2.7 bn., and floated bonds - by 991.6 m.; - volume of rendered services - by KZT10.9 bn.; - cost of rendered services - by KZT6.4 bn.; - expenses of the period - by KZT3.4 bn. (by 46.3%). Net income, which Kazakhtelecom received by the results of 2002, increased in comparison with 2001 by KZT3.5 bn. The tale below shows dynamics of some indicators of Kazakhtelecom OJSC for 2002 by quarters by non-growing total (in m KZT): ------------------------------------------------------------------------------- Change, Change, Change, Indicator I-2002 II-2002 % III-2002 % IV-2002 % ------------ -------- -------- ------- -------- ------- -------- ------- Sales volume 12,552.9 14,166.8 +12.9 14,131.0 -0.3 15,953.7 +12.9 Net income 2,728.6 2,516.2 -7.8 3,074.2 +22.2 3,828.2 +24.5 ------------------------------------------------------------------------------- The company's primary activities - telephone, telegraph, TV and radio communication of all types. [2003-05-30]