Net income of Kazakhtelecom in 2003 increased to KZT17.827 bn.

/REUTERS, Almaty, March 30, 04/ - Net income of Kazakhstan monopolist at telephone communication market - Kazakhtelecom - in 2003 increased to KZT17.827 bn. ($119.5 m. at average annual rate) from KZT12.147 bn. in 2002. Report about revenues and expenses published on Tuesday in "Kazakhstanskaya pravda" says about it. The company has also published the balance sheet, which was made in compliance with Kazakhstan accounting standards. Below are some indicators of the financial activity of Kazakhtelecom OJSC (th. KZT): ---------------------------------------------- 2003 год 2002 год --------------------- ----------- ---------- Net income 17.827.279 12.147.203 Revenues 65.880.642 56.804.354 COGS 37.940.746 33.276.064 Assets 106.789.175 87.023.032 Inclusive: Fixed assets 87.306.468 70.227.672 Current Assets 19.482.707 16.795.360 Liabilities 106.789.175 87.023.032 Including: Long-term liabilities 26.648.731 14.628.469 Borrowed loans 21.493.236 11.664.357 Current liabilities 17.178.230 23.898.618 Owners' equity 62.962.214 48.495.945 Authorized capital 12.136.529 12.136.529 ---------------------------------------------- ($1 = KZT139.15) [2004-03-30]