Results of activity of KazTransOil JSC (Kazakhstan) in 9 months of 2004

/IRBIS, Galina Tsalyuk, December 15, 04/ - KazTransOil JSC (Astana), whose eurobonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for 9 months of 2004. Following indicators are result of the issuer's financial and economic activity in the period, based upon the issuer's data (th. KZT): -------------------------------------------------------------------- As of As of Indicator Oct 1, 03 Oct 1, 04 Change,% -------------------------------- ----------- ----------- -------- Authorized capital 32,884,575 32,882,235 -0.01 Shareholders' equity 145,096,493 158,090,717 +9.0 Total assets 193,707,839 212,737,597 +9.8 Net working capital 51,822,200 47,713,929 -7.9 Accounts receivable (net) 20,621,926 19,429,561 -5.8 Liabilities, total 48,611,346 54,646,880 +12.4 Borrowed loans (excluding bonds) 2,419,035 15,569,747 +543.6 Accounts payable 15,981,915 18,727,131 +17.2 Issued bonds 26,763,600 20,184,000 -24.6 Volume of rendered services 43,605,745 46,945,568 +7.7 Cost of rendered services 25,231,978 27,360,933 +8.4 Net income for the period 8,209,205 12,264,355 +49.4 -------------------------------------------------------------------- Relative to similar period of 2003 there is growth of: - shareholders' equity - by KZT13.0 bn. as a result of increase of total sum of undistributed income by 17.7 bn. and reserve capital - by 579.5 m., whereas additional unpaid capital fell by 5.3 bn. and authorized capital - by 2.3 m.; - assets - by KZT19.0 bn. because of growth of residual value of fixed assets by 17.4 bn. and construction in process - by 6.4 bn., whereas accounts receivable decreased by 1.2 bn., money and its equivalents - by 2.3 bn., and other assets by - by 1.3 bn.; - liabilities - by KZT6.0 bn. because of growth of borrowed loans volume by 13.1 bn. and accounts payable - by 2.7 bn., that was partially covered by falling of liabilities on bonds by 6.6 bn. and other liabilities - by 3.3 bn.; - volume of rendered services - by KZT3.3 bn.; - cost of rendered services - by KZT2.1 bn. Net income KazTransOil CJSC earned in 9 months of 2004 has exceeded its net income of similar period of 2003 by KZT4.0 bn. Company's primary activities: transportation of oil, oil products and water by pipelines and by sea and railway transport. [2004-12-15]