Results of activity of Kazakhtelecom (Kazakhstan) for 2003

/IRBIS, Galina Tsalyuk, April 21, 03/ - Kazakhtelecom (Astana), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with financial statement 2003. The following indicators are results of the issuer's financial and economic activity for 2003, based upon the financial statement (in th. KZT, unless otherwise specified): ----------------------------------------------------------------------- As of As of Indicator Jan 1, 03 Jan 1, 04 Change,% ------------------------------------ ---------- ----------- -------- Authorized capital (paid excluding withdrawn) 9,483,669 9,483,669 0.0 Shareholders' equity 48,495,945 62,703,401 +29.3 Total assets 87,023,032 106,885,735 +22.8 Net working capital -7,103,258 317,030 +104.5 Accounts receivable 11,783,309 14,592,461 +23.8 Liabilities, total 38,527,087 44,182,334 +14.7 Attracted loans (including bonds) 22,435,579 23,446,261 +4.5 Bonds issued 3,896,250 3,605,500 -7.5 Accounts payable 9,231,146 11,743,951 +27.2 Sales volume 56,804,354 65,832,726 +15.9 Cost of goods sold 33,276,064 37,930,923 +14.0 Net income for the period 12,147,203 17,568,466 +44.6 ------------------------------------ ---------- ----------- -------- Ratios based on issuer's information ------------------------------------ ---------- ----------- -------- Return on Sales, % 41.42 42.38 +2.3 Return on Equity, % 25.05 28.02 +11.9 Return on Assets, % 13.96 16.44 +17.8 Book value of one share, KZT 4,281.80 5,536.20 +29.3 Earnings per share, KZT 1,101.01 1,597.34 +45.1 Price-Earnings ratio, KZT 2.78 2.23 -19.7 ----------------------------------------------------------------------- Relative to 2002 following accounts increased: - shareholders' equity - by KZT14.2 bn., as the result of increase of total sum of undistributed income by 15.0 bn., whereas there took place decrease of additionally unpaid capital by 771.5 m.; - assets - by KZT19.9 bn., including: residual value of fixed assets - by 10.6 bn., long-term investments - by 6.5 bn., accounts receivable - by 2.8 bn., and other assets - by 5.0 m.; - liabilities - by KZT5.6 bn. caused by increase of the accounts payable - by 2.5 bn, volume of borrowed loans (including bonds floatation) by 2.4 bn. and deferred taxes - by 1.0 bn.; - sales volume - by KZT9.0 bn.; - cost of goods sold - by KZT4.6 bn. Net income Kazakhtelecom received according to results of 2003, increased relative to 2004 by KZT5.4 bn. Company's primary activities - telephone, telegraph, TV and radio communication of all types. [2004-04-21]