Results of activity of KazTransOil CJSC (Kazakhstan) for 9 months of 2003

/IRBIS, November 27, 03/ - KazTransOil CJSC (Astana), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statements for 9 months of 2003. The following indicators are result of the issuer's financial and economic activity for the 9 months, based upon the issuer's information (in th. KZT): ---------------------------------------------------------- As of As of Indicator Oct 1, 02 Oct 1, 03 Change,% ------------------------- ----------- ----------- -------- Authorized capital 32,884,575 32,884,575 0.0 Shareholders' equity 136,530,325 145,096,493 +6.3 Total assets 182,489,784 193,707,839 +6.1 Net working capital 46,972,493 51,822,200 +10.3 Accounts receivable (net) 21,467,978 20,621,926 -3.9 Liabilities, total 45,959,459 48,611,346 +5.8 Attracted credits 3,521,983 2,419,035 -31.3 Accounts payable 11,283,266 15,979,959 +41.6 Issued bonds 27,849,600 26,763,600 -3.9 Volume of sold services 38,822,765 43,605,745 +12.3 Cost of sold services 21,191,689 25,231,978 +19.1 Net income for the period 11,536,282 8,209,205 -28.8 ---------------------------------------------------------- Relative to the 9 months of 2002 there increase of: - shareholders' equity - by KZT8.6 bn as the result of increase of total sum of undistributed income by 14.8 bn, whereas there took place decrease of additionally unpaid capital by 6.1 bn and other capita - by 152.6 mn; - assets - by KZT11.2 bn, including: money and its equivalents - by 8.4 bn and residual value of fixed assets - by 4.3 bn and inventory - by 1.2 bn, what was partially offset by decrease of construction-in-progress by 1.8 bn and other assets by 1.0 bn; - liabilities - by KZT2.6 m, that was caused by increase of accounts payable by 4.7 bn and unearned revenues - by 142.2 mn, whereas volume of attracted credits decreased by 1.1 bn., and obligations on floated bonds - by 1.1 bn; - volume of sold services - by KZT4.8 bn; - cost of sold services - by KZT4.0 bn. Net income earned KazTransOil CJSC according to results of 9 months of 2003 decreased relative to net income of similar period of 2002 by KZT3.3 bn. Company's primary activities: services on transportation of oil, mineral oils and water by pipelines, sea and railway transport. [2003-11-27]