Financial results of NAC Kazatomprom (Kazakhstan) for I quarter 2004

/IRBIS, Galina Tsalyuk, July 9, 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 I quarter 2004. Following describes company's financial results for I quarter 2004 (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 40,792,066 49,209,019 +20.6 Book value of assets 52,757,704 64,456,948 +22.2 Net working capital 24,245,637 21,527,247 -11.2 Accounts receivable 12,690,976 10,709,317 -15.6 Total liabilities 11,965,638 15,247,929 +27.4 Attracted credits 2,440,479 3,487,017 +42.9 Issued bonds 697,061 637,858 -8.5 Accounts payable 2,633,695 6,080,730 +130.9 Sales volume 6,747,186 7,402,543 +9.7 Cost of goods sold 4,514,711 4,483,387 -0.7 Expenses 1,048,247 1,783,193 +70.1 Net income for the period 1,236,718 1,217,995 -1.5 ----------------------------------------------------------- Relative to I quarter 2003 following accounts increased: - shareholders' equity - by KZT8.4 bn. as the result of increase of additional unpaid capital by 10.3 bn and decrease of total sum of undistributed income by 1.9 bn., - assets - by 11.7 bn. that was caused by increase of depreciable cost of fixed assets by 11.4 bn.; inventories - 1.7 bn; other assets - 498.2 m; and decrease of accounts receivable by 2.0 bn; - liabilities - by 3.3 bn. caused by increase in accounts payable - by 3.4 bn, loans attracted (excluding bonds) - by 1.1 bn, and was partially offset by decrease in other liabilities by 1.1 bn; - sales volume - by 655.4 m; - cost of goods sold - by 734.9 m. Net income earned by NAC Kazatomprom in I quarter 2004 increased in comparison with similar period of 2003 by 18.7 m. 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. [2004-07-09]