Financial results of NAC Kazatomprom (Kazakhstan) for the first 6 months of 2004

/IRBIS, Galina Tsalyuk, September 1, 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 the first 6 months of 2004. Following describes company's financial results for the reported period (in th. KZT): -------------------------------------------------------- As of As of Indicator Jul 1, 03 Jul 1, 04 Change,% ------------------------- ---------- ---------- -------- Authorized capital (paid) 3,373,136 3,423,284 +1.5 Shareholders' equity 40,737,509 52,338,563 +28.5 Book value of assets 57,483,543 67,039,968 +16.6 Net working capital 18,274,871 23,810,718 +30.3 Accounts receivable 11,275,444 14,490,668 +28.5 Total liabilities 16,746,034 14,701,407 -12.2 Attracted credits 756,463 4,013,231 +430.5 Issued bonds 679,745 626,698 -7.8 Accounts payable 3,908,721 5,027,870 +28.6 Sales volume 13,397,856 18,100,180 +35.1 Cost of goods sold 9,045,466 11,156,270 +23.3 Expenses 2,484,304 3,995,982 +60.8 Net income for the period 1,698,502 3,459,027 +103.7 -------------------------------------------------------- Relative to comparable period of 2003 following accounts increased: - shareholders' equity - by KZT 11.6 bn. including: additional unpaid capital - 8.1 bn; retained earnings - 3.5 bn. and decrease of paid-up authorized capital - 50.1 m. - assets - by 9.5 bn. including: depreciable cost of fixed assets (including construction in progress) - 7.4 bn; accounts receivable - 3.2 bn; other assets - 282.6 m; and decrease of inventories - 1.4 bn; - sales volume - by 4.7 bn; - cost of goods sold - by 2.1 bn; - expenses - 1.5 bn. Liabilities fell down by 2.0 bn including: decrease of negative goodwill - 6.0 bn; and other liabilities - 367.1 m. This was partially offset by growth of loans attracted (including bonds) - 3.3 bn; accounts payable - 1.1 bn. Net income earned by NAC Kazatomprom for the reported period increased in comparison with first 6 months of 2003 by 1.8 bn. Company's primary activities: national operator on export and import of uranium and its compounds, nuclear fuel for atomic power stations, special equipment and technologies, materials of double usage. [2004-09-01]