Results of activity of NC KTZh CJSC (Kazakhstan) for the I quarter of 2003

/KASE, September 2, 03/ - NC KTZh CJSC (National company "Kazakstan temir zholy", Astana), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for the I quarter of 2003. Following indicators are results of the issuer's financial and economic activity for the I quarter of 2003, based upon the issuer's data (in th. KZT): ---------------------------------------------------------------------- as of as of Change, Indicator Apr 1, 02 Apr 1, 03 % --------------------------------- ----------- ----------- --------- Authorized capital (paid) 971,382 438,282,879 +45,019.5 Shareholders' equity 163,391,767 482,286,531 +195.2 Total assets 203,701,191 522,022,372 +156.3 Net working capital 27,775,499 52,946,579 +90.6 Accounts receivable 26,228,499 40,395,025 +54.0 Total liabilities 40,309,424 39,735,841 -1.4 Attracted loans (including bonds) 20,583,395 20,455,647 -0.6 Accounts payable 18,321,837 17,032,957 -7.0 Volume of rendered services 38,349,926 46,746,265 +21.9 Cost of rendered services 25,329,593 30,831,328 +21.7 Net income for the period 8,412,392 7,072,252 -15.9 ---------------------------------------------------------------------- Relative to the I quarter of 2002 there are following changes, which, first of all, were caused by the company's reorganization (giving of net assets of RSE "Kazakstan temir zholy", its daughter companies and other joint-stock companies, whose shares belonged to the state, to founded again NC KTZh CJSC, which became the assignee of RSE "Kazakstan temir zholy"), which was made in the middle of 2002: - shareholders' equity increased by KZT318.9 bn. as the result of increase of the paid part of authorized capital by 437.3 bn., additionally paid capital - by 22.6 bn., and reserve capital - by 938.5 m., whereas there took place decrease of total sum of undistributed income by 70.1 bn. and additionally unpaid capital (fixed assets revaluation fund) - by 71.9 bn.; - assets increased by KZT318.3 bn, of them: residual value of fixed assets - by 274.7 bn. accounts receivable - by 14.2 bn., money - by 18.8 bn., long-term investments - by 10.7 bn., whereas there took place decrease of other assets - by 104.2 m.; - liabilities decreased by KZT573.6 m., including: accounts payable - by 1.3 bn., volume of attracted credits (including floated bonds) - by 127.7 m. that was partially covered by growth of revenues of future periods by 843.0 m.; - volume of rendered services increased by KZT8.4 bn.; - cost of rendered services increased by KZT5.5 bn. Net income, which NC KTZh CJSC received within three months of 2003, decreased in comparison with the net income of similar period of 2002 (RSE "Kazakstan temir zholy) by KZT1.3 bn. Company's primary activities: transport provision for needs of the national economy and population in transportation of cargo and passengers, provision for foreign economic ties of the Republic of Kazakhstan; export and import of goods. [2003-09-02]