Results of activity of NAC Kazatomprom (Kazakhstan) for the I half- year of 2003

/KASE, September 5, 03/ - NAC Kazatomprom (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the consolidated 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 (paid) 3,373,136 3,373,136 0.0 Shareholders' equity 39,611,472 40,737,509 +2.8 Book value of assets 54,165,636 57,483,543 +6.1 Net working capital 23,923,582 18,274,871 -23.6 Accounts receivable 12,668,308 11,001,915 -13.2 Total liabilities 14,554,164 16,746,034 +15.1 Attracted credits 5,144,619 756,463 -85.3 Issued bonds 295,869 679,745 +129.7 Accounts payable 3,014,354 3,967,323 +31.6 Sales volume 11,923,507 14,772,128 +23.9 Cost of goods sold 8,211,186 10,417,737 +26.9 Expenses of the period 2,066,586 2,484,309 +20.2 Net income for the period 3,732,717 1,700,502 -54.4 -------------------------------------------------------- Relative to the I half-year of 2002 there is increase of: - shareholders' equity - by KZT1.1 bn. as the result of increase of total sum of undistributed income by 1.9 bn. and reserve capital - by 506.0 m., whereas there took place decrease of additionally unpaid capital by 1.3 bn; - assets - by KZT3.3 bn. that was caused by increase of residual value of fixed assets by 5.8 bn. and construction in progress - by 690.3 m., whereas there took place decrease of accounts receivable by 1.7 bn inventory - by 1.4 bn.; - liabilities - by KZT2.2 bn., in accordance with growth of accounts payable by 953.0 m., other liabilities - by 5.2 bn., and additional floatation of bonds for 383.9 m. that was partially covered by redemption of borrowed before credits for KZT4.4 bn.; - sales volume - by KZT2.8 bn.; - cost of goods sold - by KZT2.2 bn; - expenses of the period - by KZT417.7 m. Net income, which NAC Kazatomprom received according to results of the I half-year of 2003, decreased in comparison with similar period of 2002 by KZT2.0 bn. Company's primary activities: carrying out functions of the nationals operator on export and import and its compounds, nuclear fuel for atomic power stations, special equipment and technologies, materials of double usage. [2003-09-05]