Results of activity of NAC Kazatomprom (Kazakhstan) for 9 months of 2003

/KASE, November 21, 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 9 months of 2003. The following indicators are result of the issuer's financial and economic activity for 9 months of 2003, based upon the issuer's information (in th. KZT): ----------------------------------------------------------- As of As of Indicator Oct 1, 02 Oct 1, 03 Change,% ------------------------- ---------- ---------- -------- Authorized capital (paid) 3,373,136 3,373,136 0.0 Shareholders' equity 41,116,968 41,877,347 +1.8 Book value of assets 53,869,717 58,671,630 +8.9 Net working capital 25,551,805 18,417,552 -27.9 Accounts receivable 14,262,801 10,193,028 -28.5 Total liabilities 12,752,749 16,794,283 +31.7 Attracted credits 3,438,304 1,715,966 -50.1 Issued bonds 304,311 684,017 +124.8 Accounts payable 3,048,647 3,323,755 +9.0 Sales volume 20,136,873 20,308,538 +0.9 Cost of goods sold 14,275,463 13,954,320 -2.2 Expenses of the period 3,420,047 4,235,062 +23.8 Net income for the period 5,846,269 2,105,457 -64.0 ----------------------------------------------------------- Relative to 9 months of 2002 there is increase of: - shareholders' equity - by KZT760.4 m. as the result of increase of total sum of undistributed income by 984.3 m., whereas there took place decrease of savings in funds and reserves by 223.9 m.; - assets - by KZT4.8 bn. that was caused by increase of residual value of fixed assets by 10.2 bn., money - by 1.3 bn. and other assets - by 411.4 m., whereas there took place decrease of accounts receivable by 4.1 bn and construction in progress - by 3.0 bn.; - liabilities - by KZT4.0 bn., in accordance with growth of negative goodwill by 5.6 bn., accounts payable - by 275.1 m. and floated bonds - by 379.7 m. that was partially covered by redemption of borrowed before credits for KZT1.7 bn. and other liabilities - by 513.9 m.; - sales volume - by KZT171.7 m.; - expenses of the period - by KZT815.0 m. Cost of goods sold by NAC Kazatomprom within 9 months of 2003 decreased in comparison with similar period of 2002 by KZT321.1 m., net income - by KZT3.7 bn. (decrease of the net income was caused by absence of income from raw stuff indexation, which had equaled by October 1 of 02 to KZT2.7 bn., in the reporting period). 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. [2003-11-21]