Results of activity of KazTransOil CJSC (Kazakhstan) for 2002

/KASE, June 18, 03/ - KazTransOil CJSC (Astana), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for 2002: the balance sheet, income statement and cash flow statement. The following indicators are results of the issuer's financial and economic activity for 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,% ------------------------------------------ ----------- ----------- -------- Paid authorized capital 32,884,575 32,884,575 0 Shareholders' equity 124,994,036 138,731,636 +11.0 Total assets 170,873,213 184,694,871 +8.1 Net working capital 37,251,158 48,997,515 +31.5 Accounts receivable (net) 21,257,904 20,436,404 -3.9 Liabilities, total 45,879,177 45,963,235 +0.2 Attracted credits 1,291,720 3,216,658 +149.0 Issued bonds 27,036,000 28,008,000 +3.6 Accounts payable 15,255,585 11,442,539 -25.0 Sales volume 44,547,196 53,702,761 +20.6 Cost of goods sold 28,429,588 28,955,088 +1.8 Net income for the period 4,412,597 13,737,595 +211.3 ------------------------------------------ ----------- ----------- -------- It's been calculated on the issuer's data: ------------------------------------------ ----------- ----------- -------- Return on sales (ROS), % 36.2 46.1 +27.4 Return on equity (ROE), % 3.5 9.9 +180.5 Return on assets (ROA), % 2.6 7.4 +188.0 ------------------------------------------------------------------------------ Relative to 2001 there increase of: - shareholders' equity - by KZT13.7 bn as the result of increase of total sum of undistributed income by 20.1 bn, whereas there took place decrease of additionally unpaid capital - by 6.4 bn; - assets - by KZT13.8 bn, including: money and its equivalents - by 7.9 bn, residual value of fixed assets - by 5.5 bn, long-term investments into securities - by 717.3 m, and other assets - by 551.1 m, whereas there took place decrease of accounts receivable by 821.5 m; - liabilities - by KZT84.1 m, that was caused by increase of volume of attracted credits - by 1.9 bn, revenues of future periods - by 1.0 bn and offered bonds - by 972.0 m,, whereas there took place decrease of accounts payable - by 3.8 bn; - sales volume (rendered services) - by KZT9.2 bn; - cost of goods sold (rendered services) - by KZT525.5 m. Net income, which KazTransOil CJSC received according to results of 2002, exceeded net income of the year 2001 by KZT9.3 bn. The tale below shows dynamics of some indicators of KazTransOil CJSC 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 12,668.5 12,683.5 +0.1 13,470.7 +6.2 14,880.0 +10.5 Net income 3,879.6 3,271.8 -15.7 4,384.9 +34.0 2,201.3 -49.8 ------------------------------------------------------------------------------- The company's primary activities: services on transportation of oil, mineral oils and water by pipelines, sea and railway transport. [2003-06-18]