Results of activity of NAC Kazatomprom (Kazakhstan) for the I quarter of 2003

/KASE, June 23, 03/ - NAC Kazatomprom (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the consolidated 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 01, 02 Apr 01, 03 Change,% -------------------------------- ---------- ---------- -------- Authorized capital (paid) 3,373,136 3,373,136 0.0 Shareholders' equity 38,927,257 40,792,066 +4.8 Book value of assets 52,652,752 52,757,704 +0.2 Working capital 23,923,601 24,245,637 +1.3 Accounts receivable 11,341,247 12,377,448 +9.1 Total liabilities 13,725,495 11,965,638 -12.8 Attracted credits 5,804,739 2,440,479 -58.0 Issued bonds - 697,061 - Accounts payable 2,093,775 2,692,297 +28.6 Sales volume 5,050,006 6,747,186 +33.6 Cost of goods sold 3,471,727 4,514,711 +30.0 Expenses of the period 975,824 1,048,247 +7.4 Net income (loss) for the period 1,845,435 1,236,718 -33.0 ------------------------------------------------------------------ Relative to the I quarter of 2002 there are following changes: - shareholders' equity increased by KZT1.9 bn. as the result of increase of total sum of undistributed income by 3.7 bn. and reserve capital - by 506.0 m., whereas there took place decrease of additionally unpaid capital by 2.3 bn; - assets increased by KZT105.0 m. that was caused by increase of residual value of fixed assets by 2.5 bn., accounts receivable - by 1.0 bn, whereas there took place decrease of inventory - by 3.3 bn. and other assets - by 153.3 m.; - liabilities decreased by KZT1.8 m, in accordance with redemption of attracted before credits for 3.4 bn. that was partially covered by floatation of bonds for 697.1 m., and also by increase of accounts payable by 598.5 m and other liabilities - by KZT308.8 m; - sales volume increased by KZT1.7 bn; - cost of goods sold increased by KZT1.0 bn; - expenses of the period increased by KZT72.4 m; - income from secondary activity decreased by KZT173.4 m (by 86.3%). Net income, which NAC Kazatomprom received by the results of the I quarter of 2003, decreased in comparison with similar period of 2002 by KZT608.7 m. Company's primary activities: carrying out functions of the nationals operator on export and import and its compounds, nuclear fuel for atomic power stations, special equipment and technologies, materials of double usage. [2003-06-23]