Results of activity of KazTransCom OJSC (Kazakhstan) for the first quarter 2004

/IRBIS, GalinaTsalyuk, June 16, 04/ - KazTransCom OJSC (Almaty), whose bonds are circulating in the stock exchange's official "А" listing category, provided KASE with financial statements for 2003. Following indexes are result of the Company's financial and economic activity for I quarter 2004, based on the bank's data (in th. KZT): ----------------------------------------------------------------- as of as of Increase / Index Apr 1, 03 Apr 1, 04 decrease, % --------------------------------- --------- --------- ----------- Authorized capital (paid-up) 42,100 42,100 0.0 Shareholders' equity 1,636,517 1,654,879 +1.1 Book value of assets 2,823,194 3,552,762 +25.8 Net working capital 333,280 661,764 +98.6 Accounts receivable 618,671 1,066,148 +72.3 Liabilities, total 1,186,677 1,897,883 +59.9 Attracted loans (excluding bonds) 761,866 - - Issued bonds - 1,402,892 - Accounts payable 370,803 415,452 +12.0 Goods and services sold 546,305 579,442 +6.1 Cost of goods and services 369,422 421,482 +14.1 Net income 15,901 6,221 -60.9 ----------------------------------------------------------------- Relative to I quarter 2004 following balance sheet items recorded growth (all figures in tenge): - the bank's shareholders' equity - 18.4 m as the result of increase of total sum of undistributed income by 261.6 m., while additional un-paid cpiatal fell by 243.2 th.; - assets - 729.6 m, including: accounts receivable - 447.5 m; depreciated capital - 210.1 m cash - 215.7 m; while other assets fell by - 143.8 m; - liabilities - 711.2 m, including: bonds placed - 1.4 bn; other liabilities - 70.2 m and repayment of loans (excluding bonds) - 761.9 m. - goods and services sold - 33.1 m; - cost of goods and services - 52.1 m. Net income, which KazTransCom OJSC earned by the results of first quarter 2004, decreased by 9.7 m. Primary activities of the company - communication services for oil and gas and other sector companies. [2004-06-16]