Results of activity of Mangistaumunaigas OJSC (Kazakhstan) for 2002

/KASE, September 3, 03/ - Mangistaumunaigas OJSC (Aktau), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with the financial statement for 2002: the balance sheet, income statement and cash flow statement. The following indicators are result of the issuer's financial and economic activity in 2002, based upon the issuer's information (in th. KZT, unless other wise specified): -------------------------------------------------------------------------- As of As of Indicator Jan 1, 02 Jan 1, 03 Change,% -------------------------------------- ----------- ----------- -------- Paid authorized capital 10,892,027 10,892,027 +0.0 Shareholders' equity 33,015,594 45,721,304 +38.5 Total assets 85,746,759 108,941,578 +27.1 Net working capital -4,625,980 5,325,175 +215.1 Accounts receivable (net) 24,452,374 35,268,260 +44.2 Liabilities, total 49,717,217 60,158,609 +21.0 Accounts payable 42,155,730 50,881,854 +18.9 Sales volume* 108,366,346 110,016,274 - Cost of goods sold* 57,604,415 41,778,861 - Net income for the period* 6,663,875 12,814,656 - -------------------------------------- ----------- ----------- -------- It's been calculated by issuer's data: -------------------------------------- ----------- ----------- -------- Return on sales (ROS), %* 46.84 62.02 - Return on equity (ROE), %* 21.25 28.03 - Return on assets (ROA), %* 8.12 11.76 - Book value of one share, KZT 3 031.17 4 197.69 +38.5 Earnings per share (EPS), KZT 668.55 1 306.93 +92.3 -------------------------------------------------------------------------- * - data as of January 1 of 2002 is given according to non- consolidated report about results of financial and economic activity. Earnings per on common share (EPS) for 2002 has been calculated without taking into account dividends on privileged shares, which will be determined at the annual general shareholders meeting. Relative to 2001 there is increase of: - shareholders' equity - by KZT12.7 bn as a result of increase of total sum of undistributed income by 13.6 bn, whereas there took place decrease of additionally unpaid capital by 879.1 m and reserve capital - by 53.5 m; - assets - by KZT23.2 bn including: accounts receivable - by 10.8 bn, funds - by 7.0 bn, residual value of fixed assets (including construction in progress) - by 3.7 bn and other assets - by 1.7 bn; - liabilities - by KZT10.4 bn, in accordance with growth of accounts payable by 8.1 bn and formed reserves - by 2.3 bn. The company's primary activities: oil and gas production and transportation; petroleum refining, sale of oil and products of its refinery; exploration and development of oil and gas fields. [2003-09-03]