Results of activity of Aktobemunai-finance OJSC (Kazakhstan) for the I half-year of 2003

/KASE, July 30, 03/ - Aktobemunai-finance OJSC (Aktobe), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with consolidated financial statement for the I half- year of 2003. The following indicators are consolidated result of the issuer's financial and economic activity for the I half-year of 2003, based upon the issuer's information (in th. KZT, unless otherwise specified): ---------------------------------------------------------- As of As of Change, Indicator July 1, 02 July 1, 03 % ---------------------------- ---------- ---------- ------- Authorized capital (paid) 1,300,000 1,300,000 0.0 Shareholders' equity 1,160,231 1,255,774 +8.2 Total assets 2,019,352 2,692,643 +33.3 Net working capital -142,048 -246,264 -73.4 Accounts receivable 528,349 743,419 +40.7 Liabilities, total 859,070 1,153,718 +34.3 Attracted credits 698,596 872,776 +24.9 Accounts payable 144,498 280,921 +94.4 Sales volume 195,081 618,755 +217.2 Cost of goods sold 181,087 489,790 +170.5 Net income (loss) (115,218) (55,461) - Book value of one share, KZT 89.25 96.60 8.2 ---------------------------------------------------------- Relative to the I half-year of 2002 there is increase of: - shareholders' equity of the company - by KZT95.5 m. as the result of increase of total sum of undistributed income (decrease of uncovered loss) by KZT146.1 m. and reserve capital - by 3.3 m., whereas there took place decrease of additional unpaid capital - by 53.8 m.; - assets - by KZT673.3 m., including: residual value of fixed assets - by KZT295.1 m., accounts receivable - by 215.1 m., investments - by 188.2 m., whereas there took place decrease of other assets by KZT25.1 m.; - liabilities - by KZT294.6 m., including: attracted credits - by KZT174.2 m. and accounts payable - by 136.4 m. that was partially compensated by decrease of other liabilities by 16.0 m.; - sales volume - by KZT423.7 m.; - cost of goods sold - by KZT308.7 m. Loss, which Aktobemunai-finance OJSC received in the I half-year of 2003, decreased by KZT59.8 m. in comparison with similar period of 2002. Company's primary activities - production and sale of electrical energy, gas transportation and commercial activity. [2003-07-30]