Results of activity of National Company Kazakhstan Temir Zholy JSC (Kazakhstan) for 2003

/IRBIS, May 6, 03/ - National Company Kazakhstan Temir Zholy JSC (Taraz), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for year 2003. The following indicators are result of financial and economic activity of NC Kazakhstan Temir Zholy JSC for year of 2003, based upon its data (in th. KZT, unless otherwise specified): ------------------------------------------------------------- As of As of Indicator Jan 1, 03 Jan 1, 04 Change,% ---------------------------- ----------- ----------- -------- Authorized capital (paid) 438,282,879 482,679,030 +10.1 Shareholders' equity 470,324,325 525,157,653 +11.7 Total assets 512,624,668 584,452,600 +14.0 Net working capital 42,132,451 35,151,255 -16.6 Accounts receivable 39,075,517 46,954,614 +20.2 Total liabilities 42,300,343 59,294,947 +40.2 Attracted credits 16,100,483 18,204,564 +13.1 Floated bonds 4,563,867 4,293,377 -5.9 Accounts payable 21,635,993 36,797,006 +70.1 Sales volume 103,486,717 191,327,618 +84.9 Cost of goods sold 72,875,006 147,572,381 +102.5 Net income for the period 10,550,062 17,731,640 +68.1 ---------------------------- ----------- ----------- -------- Calculated by issuer's data: ---------------------------- ----------- ----------- -------- Return on sales (ROS), % 29.6 22.9 -22.7 Return on equity (ROE), % 2.2 3.4 +50.5 Return on assets (ROA), % 2.1 3.0 +47.4 ------------------------------------------------------------- Relative to similar period of 2002 there is increase of: - shareholders equity - by 54.8 bn. including increase of undistributed profit by 21.5 bn. paid-up part of authorized capital - by 44.4 m. and decrease in additional paid-up capital by 11.0 bn; - assets - by 71.8 bn. including: long-term investments - by 43.5 bn, fixed assets - 17.4 bn, accounts receivable - by 7.9 bn and other assets - 3.0 bn; - liabilities - by 17.0 bn., including attracted credits 2.1 bn, accounts payable - 15.2 bn; - sales volume - by 87.8 bn.; - cost of goods sold - 74.7 bn. Net income, which NC Kazakhstan Temir Zholy JSC received in 2003, exceeded net income of 2002 by 7.2 bn Company's primary activities - cargo and passanger railroad transportation [2004-05-06]