Financial results of NAC Kazatomprom (Kazakhstan) for 2003

/IRBIS, Galina Tsalyuk, April 29, 04/ - NAC Kazatomprom (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the consolidated financial statements for 2003. Following describes company's financial results in 2003 and financial position at Dec 31, 2003 (in th. KZT): -------------------------------------------------------------------- As of As of Indicator Jan 1, 03 Jan 1, 04 Change,% ------------------------------------- ---------- ---------- -------- Authorized capital (paid) 3,373,136 3,373,136 0.0 Shareholders' equity 39,579,313 48,000,230 +21.3 Book value of assets 50,991,788 63,249,046 +24.0 Net working capital 23,289,199 19,395,261 -16.7 Accounts receivable 9,493,483 10,185,515 +7.3 Total liabilities 11,105,043 15,219,064 +37.0 Attracted credits 1,662,256 3,475,195 +109.1 Issued bonds 511,285 662,384 +29.6 Accounts payable 3,533,404 5,988,686 +69.5 Sales volume 23,822,818 29,363,137 +23.3 Cost of goods sold 17,094,523 20,565,922 +20.3 Net income for the period 4,563,103 8,459,762 +85.4 ------------------------------------- ---------- ---------- -------- Ratio's based on presented statements ------------------------------------- ---------- ---------- -------- Return on Sales, % 28.24 29.96 +6.1 Return on Equity, % 11.53 17.62 +52.9 Return on Assets, % 8.95 13.38 +49.5 -------------------------------------------------------------------- Relative to 2002 following accounts increased: - shareholders' equity - by KZT8.4 bn. as the result of increase of total sum of undistributed income by 8.5 bn., whereas there took place decrease of additional unpaid capital by 40.1 m.; - assets - by KZT12.5 bn. that was caused by increase of depreciable part of fixed assets by 12.1 bn. accounts receivable by 692 m, whereas other assets declined by 283.3 m.; - liabilities - by KZT4.1 bn. caused by increase in accounts payable - by KZT2.4 bn, loans attracted (excluding bonds) - by KZT151.1 m, and was partially offset by decrease in other liabilities by 305.3 m; - sales volume - by KZT5.5 bn.; - GOGS- by KZT3.5 m. Net income earned by NAC Kazatomprom in 2003 increased in comparison with 2002 by KZT3.9 bn. 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. [2004-04-28]