Financial results of Astana-finance JSC (Kazakhstan) in the first half of 2004

/IRBIS, Galina Tsalyuk, September 23, 04/ - Astana-finance JSC (Astana), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with financial statements for the first 6 months of 2004. The following indicators are results of the company's financial and economic activity for the period, based upon the company's information (in th. KZT, unless otherwise specified): ------------------------------------------------------------ As of As of Indicator Jul 01, 03 Jul 01, 04 Change,% ----------------------------- ---------- ---------- -------- Authorized capital (paid-up) 2,073,949 2,200,000 +6.1 Shareholders' equity 2,941,137 3,336,680 +13.4 Total assets 13,784,728 20,958,140 +52.0 Accounts receivable (net) 1,032,770 4,360,732 +322.2 Loan portfolio (incl leasing) 9,487,461 13,669,120 +44.1 Total liabilities 10,843,591 17,621,460 +62.5 Borrowed loans 7,249,869 9,876,647 +36.2 Bonds floated 3,043,600 6,582,129 +116.3 Accounts payable 438,312 484,817 +10.6 Total revenues 1,051,630 1,407,998 +33.9 General expenses 906,931 1,304,550 +43.8 Net income for the period 144,699 103,448 -28.5 Earnings per Share, KZT 1,418.13 1,516.67 +6.95 ------------------------------------------------------------ Relative to similar period of 2003 following accounts increased: - own capital of the company - 395.5 m tenge in the result of paid portion of chartered capital for 126.0 m; reserved capital - 335.1 m and other reserves - for 24.5 m with decrease of total amount of undistributed profit for 90.1 m - assets - for 7.2 bn tenge including: loan portfolio (leasing) - for 4.2 bn and accounts receivable - for 3.3 bn that partly was covered by decrease of other assets for 336.2 m - liabilities - for 6.8 bn tenge, debt loans (excluding bonds) - for 2.6 bn, paced bonds - for 3.5 bn and other liabilities - for 612.6 m - incomes - for 356.4 m tenge; - expenses - for 397.6 m tenge. Net profit obtained by Astana-Finance JSC for the first half of the year 2004 decreased in comparison with its net profit of respective period of 2003 for 41,2 m tenge. Astana-Finance JSC is a non-baking financial establishment, the main types of activity are independent types of banking services, investment activity, investment of economical and social projects for development of Astana city and also other types of activity in accordance with the charter of and licenses. [2004-09-23]