Results of activity of KazTransOil CJSC (Kazakhstan) for the I half-year of 2003

/KASE, September 5, 03/ - KazTransOil CJSC (Astana), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for the I half-year of 2003. The following indicators are 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): ---------------------------------------------------------- As of As of Indicator July 1, 02 July 1, 03 Change,% ------------------------- ----------- ----------- -------- Authorized capital 32,884,575 32,884,575 0.0 Shareholders' equity 132,145,450 145,928,836 +10.4 Total assets 177,595,737 191,381,314 +7.8 Net working capital 45,957,325 55,625,885 +21.0 Accounts receivable (net) 24,018,059 22,103,717 -8.0 Liabilities, total 45,450,287 45,452,478 +0.0 Attracted credits 2,400,883 2,622,468 +9.2 Accounts payable 12,573,070 12,723,027 +1.2 Issued bonds 27,558,000 26,640,000 -3.3 Volume of sold services 25,352,064 29,481,056 +16.3 Cost of sold services 13,421,674 15,806,979 +17.8 Net income for the period 7,151,411 7,667,788 +7.2 ---------------------------------------------------------- Relative to the I half-year of 2002 there increase of: - shareholders' equity - by KZT13.8 bn as the result of increase of total sum of undistributed income by 20.0 bn, whereas there took place decrease of additionally unpaid capital by 6.1 bn; - assets - by KZT13.8 bn, including: money and its equivalents - by 9.8 bn and residual value of fixed assets - by 5.5 bn, whereas there took place decrease of other assets by 1.5 bn; - liabilities - by KZT2.2 m, that was caused by increase of volume of attracted credits by 221.6 m., revenues of future periods - by 548.6 m. and accounts payable - by 149.9 m, whereas there took place decrease of liabilities on issued bonds by 918.0 m; - volume of sold services - by KZT4.1 bn; - cost of sold services - by KZT2.4 bn. Net income, which KazTransOil CJSC received according to results of the I half-year of 2003, exceeded net income of similar period of 2002 by KZT516.4 m. Company's primary activities: services on transportation of oil, mineral oils and water by pipelines, sea and railway transport. [2003-09-05]