Results of activity of NC KTZh CJSC (Kazakhstan) in the I quarter of 2004

/IRBIS, Galina Tsalyuk, July 7, 04/ - NC KTZh CJSC (National company "Kazakstan temir zholy", Astana), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for the I quarter of 2004. Following indicators are result of the issuer's financial and economic activity in the I quarter of 2004, based upon the issuer's data (th. KZT): ------------------------------------------------------------------- As of as of Change, Indicator Apr 1, 03 Apr 1, 04 % -------------------------------- ----------- ----------- ------- Authorized capital (paid) 438,282,879 482,679,030 +10.1 Shareholders' equity 482,286,531 529,152,852 +9.7 Total assets 522,022,372 576,581,349 +10.5 Net working capital 52,946,579 78,990,023 +49.2 Accounts receivable 40,395,025 85,111,272 +110.7 Total liabilities 39,735,841 47,428,497 +19.4 Borrowed loans (including bonds) 20,455,647 21,283,943 +4.0 Accounts payable 17,032,957 26,144,554 +53.5 Volume of rendered services 46,746,265 47,251,168 +1.1 Cost of rendered services 30,831,328 37,676,662 +22.2 Net income for the period 7,072,252 3,995,199 -43.5 ------------------------------------------------------------------- In comparison with the I quarter of 2003 there is growth of: - shareholders' equity - by KZT46.9 bn. as the result of increase of paid part of authorized capital by 44.4 bn. and undistributed income - by 14.6 bn., whereas there took place decrease of additional paid capital by 12.2 bn.; - assets - by KZT54.5 bn. including: long-term investments - by 57.7 bn., accounts receivable - by 44.7 bn. and inventory - by 10.7 bn., that was partially covered by decrease of residual value of fixed assets by 15.5 bn., construction in process - by 21.8 and funds - by 21.3 bn.; - liabilities - by KZT7.7 bn., including: accounts payable - by 9.1 bn., volume of borrowed loans (including floated bonds) - by 828.3 m., whereas there took place decrease of incomes of future periods by 2.2 bn.; - volume of rendered services - by KZT504.9 m.; - cost of rendered services - by KZT6.8 bn. Net income, which NC KTZh CJSC received in the I quarter of 2004, decreased in comparison with the net income of similar period of 2003 by KZT3.1 bn. Company's primary activities: transport provision for needs of the national economy and population in transportation of cargo and passengers, provision for foreign economic ties of the Republic of Kazakhstan; export and import of goods. [2004-07-07]