Financial results of Mangistaumunaigas OJSC (Kazakhstan) in 2003

/IRBIS, Galina Tsalyuk, Juky 2, 04/ - Mangistaumunaigas OJSC (Aktau), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with financial statements for 2003. The following indicators are results of the company's financial and economic activity for 2003, based upon its information (in th. KZT): ----------------------------------------------------------------- As of As of Indicator Jan 01, 03 Jan 01, 04 Change,% ----------------------------- ----------- ----------- -------- Authorized capital (paid-up) 2,946,920 12,671,677 +330.0 Shareholders' equity 161,303,362 211,492,204 +31.1 Total assets 124,659,211 148,809,502 +19.4 Net working capital 43,392,703 60,933,219 +40.4 Accounts receivable 24,636,175 59,403,486 +141.1 Total liabilities 36,644,151 62,682,702 +71.1 Accounts payable 3,703,280 24,315,068 +556.6 Minority stake 23,396,043 26,309,286 +12.5 Sales volume 125,221,331 124,219,953 -0.8 Cost of goods sold 57,217,269 55,782,536 -2.5 Net income for the period 36,880,320 25,600,012 -30.6 ----------------------------- ----------- ----------- -------- Ratios based on issuer's info ----------------------------- ----------- ----------- -------- Return on Sales (ROS), % 54.3 55.1 +1.4 Return on Equity (ROE), % 29.6 17.2 -41.9 Return on Assets (ROA), % 22.9 12.1 -47.1 Price / Earning ratio (P/E) 1.33 3.46 +160.2 Book value per share 25,380.92 7,046.08 -72.2 ----------------------------------------------------------------- Earnings per share (EPS) ratio was not calculated as no deals over common shares registered during the period. Relative to 2002 there is increase of: - shareholders' equity - by 13.2 bn as the result of increase of total sum of undistributed income - by 13.5 bn, and fall of additional paid up capital - 307.7 m; - assets - by 17.0 bn, including depreciated cost of intangible assets - 6.6 bn; fixed assets - 3.3 bn, cash - 5.5 bn, inventories - 1.9 bn and decrease of other assets - 365.6 m; - liabilities grew up by 2.4 bn, of which land regeneration reserves - 1.7 bn, accounts payable - 265.8 m and other liabilities - 493.4 m; - sales volume - 58.0 bn; - cost of goods sold - by - 42.6 bn Net income of the Company in 2003 increased by 474.2 m relative to 2002. Company's primary activities: oil and gas production and transportation, exploration and development of oil fields. [2004-07-02]