Results of activity of KazTransOil CJSC (Kazakhstan) for the I quarter of 2003

/KASE, June 20, 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 the I quarter of 2003. The following indicators are results of the issuer's financial and economic activity for the I quarter of 2003, based upon the issuer's information (in th. KZT): ------------------------------------------------------------- As of As of Indicator Apr 1, 02 Apr 1, 03 Change,% ------------------------- ----------- ----------- -------- Authorized capital 32,884,575 32,884,575 0.0 Shareholders' equity 128,818,549 143,138,978 +11.1 Total assets 175,403,741 189,732,840 +8.2 Net working capital 44,295,224 53,808,007 +21.5 Accounts receivable (net) 21,097,241 21,366,972 +1.3 Liabilities, total 46,585,192 46,593,862 +0.0 Attracted credits 2,617,756 2,913,377 +11.3 Accounts payable 13,911,591 13,064,196 -6.1 Issued bonds 27,396,000 27,318,600 -0.3 Volume of sold services 12,668,516 15,031,173 +18.6 Cost of sold services 6,194,252 6,896,497 +11.3 Net income for the period 3,879,628 4,877,932 +25.7 ------------------------------------------------------------- Relative to the I quarter of 2002 there increase of: - shareholders' equity - by KZT14.3 bn as the result of increase of total sum of undistributed income by 20.6 bn, whereas there took place decrease of additionally unpaid capital - by 6.3 bn; - assets - by KZT14.3 bn, including: money and its equivalents - by 9.0 bn and residual value of fixed assets - by 6.2 bn, whereas there took place decrease of other assets by 881.3 m; - liabilities - by KZT8.7 m, that was caused by increase of volume of attracted credits by 295.6 m. and other liabilities - by 560.4 m,, whereas there took place decrease of accounts payable - by 847.4 m; - volume of rendered services - by KZT2.4 bn; - cost of rendered services - by KZT702.2 m. Net income, which KazTransOil CJSC received according to results of the I quarter of 2003, exceeded net income of similar period of 2002 by KZT998.3 m. Company's primary activities: services on transportation of oil, mineral oils and water by pipelines, sea and railway transport. [2003-06-20]