Auditor's report on financial statements of KazTransOil CJSC (Kazakhstan) for 2002
08.07.03 00:00
/KASE, July 8, 02/ - KazTransOil CJSC (Astana) presented KASE the
auditor's report, which had been made on the company's financial
statements for 2002 by Ernst & Young (Almaty).
According to audited financial statement's data the results of the company's
financial and economic activity as of December 31, 2001 and 2002 are as
follows (in th. KZT, unless otherwise indicated):
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Indicator 2001 2002
-------------------------- ------------ -----------
Authorized capital (paid) 32,884,575 32,884,575
Shareholders' equity 124,994,036 138,731,631
Total assets 169,083,403 180,091,650
Net working capital 39,561,779 52,084,673
Accounts receivable (net) 19,810,953 18,631,806
Total liabilities 44,089,367 41,360,019
Loans attracted 1,291,720 3,946,332
Accounts payable 15,255,590 9,500,410
Bonds issued 27,036,000 27,291,341
Sales 44,547,196 53,702,761
Cost of goods sold 28,469,411 28,955,088
Net income 4,467,714 13,737,595
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According to the auditor's data it's been calculated:
According to the auditor's data it's been calculated:
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Return on sales (ROS), % 32.66 36.09
Return on equity (ROE), % 3.57 9.90
Return on assets (ROA), % 2.64 7.63
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Ernst and Young in compliance with Kazakhstan auditing standards
conducted audit of the company's financial statement, prepared in
compliance with Kazakhstan accounting standards.
In the auditor's opinion, in all essential aspects reflects the company's
financial situation by December 31, 2002, and results of its financial and
economic activity and cash flow for the year, which ended by this date in
compliance with Kazakhstan accounting standards.
Company's primary activities: rendering services on oil transportation,
including oil transportation by pipeline, sea and railway traffic, and services
on transportation of products of oil refining and water through the system of
own pipelines, services on unload and load of oil products.
[2003-07-08]