Auditor's report on consolidated financial statements of Ust-Kamenogorsk Titanium Magnesium Plant for 2020 published

02.06.21 14:58
/KASE, June 2, 2021/ – Ust-Kamenogorsk Titanium Magnesium Plant (Oskemen), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with an auditor's report on the company's consolidated financial statement for 2020. According to the audited data as of December 31, 2020 (in th. tenge, unless otherwise specified): ------------------------------------------------------------------ as of as of Indicator Dec. 31, 2020 Dec. 31, 2019 -------------------------------------- ------------- ------------- Equity 38,314,437 32,547,459 Total assets 144,579,882 127,798,859 Total liabilities 106,265,445 95,251,400 Sales 57,465,010 76,470,765 Gross income 13,844,740 20,959,568 Net income (net loss) 2,041,599 9,153,492 Book value of an ordinary share, tenge 19,132 16,354 Book value of a preferred share, tenge 20 20 ROA, % 1.41 7.16 ROE, % 5.33 28.12 ROS, % 3.55 11.97 ------------------------------------------------------------------ The company's financial statements for 2020 were audited by BDO Kazakhstan LLP. According to the auditor's opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of Ust-Kamenogorsk Titanium Magnesium Plant and its subsidiaries as of December 31, 2020 and their consolidated financial results and consolidated cash flows for the year ended as of the specified date in accordance with the IFRS. The report is available on KASE website (in Russian) at – https://kase.kz/files/emitters/UTMK/utmkf6_2020_cons_rus.pdf [2021-06-02]