Financial results of Astana-finance OJSC (Kazakhstan) for 2003

/IRBIS, Galina Tsalyuk, April 6, 03/ - Astana-finance OJSC (Astana), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with unconsolidated financial statements for 2003 audited by Deloitte (Almaty) and prepared in compliance with requirements and recommendations by the National Bank of the Republic of Kazakhstan on accounting and financial reporting. The following indicators are results of the company's financial and economic activity for 2003, based upon the company's information (in th. KZT, unless otherwise specified): --------------------------------------------------------------- As of As of Indicator Jan 01, 03 Jan 01, 04 Change,% ----------------------------- ---------- ---------- -------- Authorized capital (paid) 2,073,949 2,073,950 0.0 Shareholders' equity 2,796,438 3,197,090 +14.3 Total assets 12,346,727 16,671,975 +35.0 Loan portfolio 8,793,687 11,313,358 +28.7 Accounts receivable (net) 814,313 2,699,869 +231.6 Total liabilities 9,550,289 13,474,885 +41.1 Attracted credits 6,156,579 7,957,650 +29.3 Accounts payable 491,100 345,008 -29.7 Issued bonds 2,847,493 5,089,997 +78.8 Total revenues 1.613.195 2.308.340 +43.1 General expenses 1,300,467 1,907,689 +46.7 Net income for the period 312,728 400,651 +28.1 ----------------------------- ---------- ---------- -------- Ratios based on issuer's data ----------------------------- ---------- ---------- -------- Return on Equity, % 11.18 12.53 +12.1 Return on Assets, % 2.53 2.40 -5.1 Book value of one share, KZT 1,348.36 1,541.55 +14.3 Earnings per Share, KZT 150.79 193.18 +28.1 --------------------------------------------------------------- Price Earnings (P/E) ratio is not calculated since in 2002-2003 no deals were made over shares issued by Astana-finance OJSC. Relative to 2002 following accounts increased: - shareholders' equity of the company - by KZT400.6 m. as the result of increase in undistributed income by the same amount; - assets - by KZT4.3 bn., including: net loan portfolio - by 2.5 bn., accounts receivable - by KZT1.9 bn., and decrease in other assets by KZT80.0 m.; - liabilities - by KZT3.9 bn., caused by increase in bonds issued by 2.2 bn, accounts payable - by 1.9 bn and decrease in other assets by 80.0 m; - revenues - by KZT695.1 m.; - expenses - by KZT607.2 m. Net income earned by Astana-finance OJSC in 2003 increased by KZT87.9 m. relative to 2002. Astana-finance OJSC is non-banking institution, primary activities of which are: individual types of banking services, investment activity, financing of economic and social projects on development Astana city, and also other types of activity in accordance with the Charter and licenses, which the company possesses. [2004-04-06]