Results of activity of NAC Kazatomprom (Kazakhstan) in 9 months of 2004

/IRBIS, Galina Tsalyuk, November 12, 04/ - NAC Kazatomprom (Almaty), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the consolidated financial statement for 9 months of 2004. Following describes company's results of activity in the reported period (th. KZT): ------------------------------------------------------------------ As of As of Indicator Oct 1, 03 Oct 1, 04 Change,% -------------------------------- ---------- ---------- -------- Authorized capital (paid) 3,373,136 3,423,284 +1.5 Shareholders' equity 41,877,347 54,244,876 +29.5 Book value of assets 58,671,630 67,773,019 +15.5 Working capital 18,417,552 23,985,459 +30.2 Accounts receivable 10,441,648 11,905,371 +14.0 Total liabilities 16,794,283 13,528,143 -19.4 Borrowed loans (excluding bonds) 2,155,846 4,673,741 +116.8 Issued bonds 684,017 618,017 -9.6 Accounts payable 2,883,875 3,812,992 +32.2 Goodwill 6,815,410 713,561 -89.5 Stake of minority 4,342,129 3,708,438 -14.6 Sales volume 20,308,538 26,508,043 +30.5 Cost of goods sold 13,954,320 16,283,635 +16.7 Expenses of the period 4,235,062 6,119,339 +44.5 Net income for the period 2,105,457 5,075,686 +141.1 ------------------------------------------------------------------ Relative to comparable period of 2003 there is growth of: - shareholders' equity - by KZT12.4 bn. because of growth of additional unpaid capital by 7.7 bn., total sum of undistributed income - by 4.6 bn. and paid authorized capital - by 50.1 m. - assets - by KZT9.1 bn. because of growth of residual value of fixed assets (including construction in process) by 7.0 bn., accounts receivable - by 1.5 bn. and other assets - by 1.1 bn., while volume of inventory fell by 531.4 m.; - sales volume - by KZT6.2 bn.; - cost of goods sold - by KZT2.3 bn.; - expenses of the period - by KZT1.9 bn. Liabilities fell down by KZT3.3 bn. in comparison with 9 months of 2003 because of decrease of negative goodwill by 6.1 bn. and other liabilities - by 545.3 m. that was partially covered by growth of borrowed loans volume (excluding bonds) by 2.5 bn. and accounts payable - by 929.1 m. Net income, which NAC Kazatomprom earned in the reported period, has exceeded its net income of 9 months of 2003 by KZT3.0 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. [2004-11-12]