Audited financial statement of PetroKazakhstan Oil Products OJSC (Kazakhstan) for 2002

/KASE, August 21,03/ - PetroKazakhstan Oil Products OJSC (Shymkent), whose securities are circulating in Kazakhstan stock exchange's (KASE) official list (shares - under "В" category, bonds - under "А" category), has presented KASE auditor's report, which was made by Deloitte & Touche (Аlmaty) on the company's financial statement for 2002, prepared in compliance with Kazakhstan accounting standards. According to audited financial statement the result of the company's financial and economic activity as of December 31, 2002 is as follows (in th. KZT, unless otherwise indicated): --------------------------------------------------------------- Indicator 2001 2002 --------------------------------------- ---------- ---------- Paid authorized capital 62,256 62,256 Shareholders' equity 32,342,626 40,323,854 Total assets 46,900,721 48,551,217 Net working capital 16,846,525 32,337,464 Accounts receivable (net) 25,049,951 33,839,364 Total liabilities 14,558,095 8,227,363 Accounts payable 6,563,437 4,221,596 Issued bonds 1,986,658 2,051,942 Issued promissory notes 1,953,825 1,953,825 Income from sale 51,250,398 40,036,918 Cost of goods sold 39,764,507 24,517,327 Net income 4,690,008 7,981,228 --------------------------------------- ---------- ---------- It's been calculated by auditor's data: --------------------------------------- ---------- ---------- Return on sales (ROS), % 22.41 38.76 Return on equity (ROE), % 14.50 19.79 Return on assets (ROA), % 10.00 16.44 Earnings per share (EPS), tenge 75.73 128.87 Price earnings ratio (P/E) - - Book value of one share, tenge 519.51 647.72 --------------------------------------------------------------- Audit of the company's financial statement, which was prepared in compliance with Kazakhstan accounting standards, was conducted by Deloitte & Touche in compliance with international auditing standards. In the auditor's opinion the financial statement in all significant aspects for sure reflects financial condition of the company as of December 31 of 2002, results of its financial and economic activity and cash flow for the year, which ended by the mentioned date, in compliance with Kazakhstan accounting standards. Company's primary activities - oil refining and oil products sales. [2003-08-21]