Results of activity of CNPC-Aktobemunaygas OJSC (Kazakhstan) in 2004

/IRBIS, April 14, 05/ - CNPC-Aktobemunaygas OJSC (Aktobe), whose common shares are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with non-audited consolidated financial statement for year 2004. Following indicators are the result of issuer's financial and economic activity in 2004, based upon the issuer's data (th. KZT, unless otherwise specified): ----------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % ------------------------------ ----------- ----------- ------- Authorized capital (paid up) 14,835,638 14,835,638 0.0 Shareholders' equity 91,909,845 121,305,384 +32.0 Total assets 192,565,586 234,763,004 +21.9 Net working capital -15,434,977 534,744 +103.5 Accounts receivable 23,676,733 32,046,317 +35.3 Total liabilities 100,654,985 113,456,722 +12.7 Borrowed loans 39,195,210 43,187,775 +10.2 Accounts payable 27,671,902 28,004,250 +1.2 Sales volume 111,668,244 149,154,603 +33.6 Cost of goods sold 29,264,935 39,747,863 +35.8 Net income 36,029,434 50,396,533 +39.9 ------------------------------ ----------- ----------- ------- Calculated by issuer's data: ------------------------------ ----------- ----------- ------- Return on sales (ROS), % 73.79 73.35 -0.6 Return on equity (ROE), % 39.20 41.55 +6.0 Return on assets (ROA), % 18.71 21.47 +14.7 Earnings per 1 share(EPS), KZT 3,803.12 5,358.79 +40.9 Price earning ratio (P/E) - 1.70 - Book value of one share, KZT 9,292.81 12,264.93 +32.0 ----------------------------------------------------------------- Price earning ratio (P/E) for year 2003 was not calculated because of absence of market deals in company's common shares. Relative to year 2003 there is growth of: - shareholders equity - by KZT29.4 bn. because of growth of total sum of undistributed income by 30.1 bn., while additional unpaid capital fell by 658.6 m.; - assets - by KZT42.2 bn., including: residual value of fixed assets - by 31.2 bn., accounts receivable - by 8.4 bn. and inventory - by 2.7 bn.; - liabilities - by KZT12.8 bn., of them: borrowed loans - by 4.0 bn., deferred tax - by 7.8 bn., land cultivation reserves - by 691.7 m. and accounts payable - by 332.3 m.; - sales volume - by KZT37.5 bn.; - cost of goods sold - by KZT10.5 bn. Net income, which company received in 2004, exceeded its net income of year 2003 by KZT14.4 bn. Company's primary activities: development and extraction of hydrocarbon raw stuff; drilling of prospecting, estimating, structural and operating wells; search, exploration and exploitation of oil and gas fields, refinery of oil and gas; transportation and sale of oil, gas and products of their refinery; production and sale of electrical and heat energy; building of pipelines and pipeline transportation; development and extraction of drilled mineral resource and mineral resource of joint origin, their sale and other activities in compliance with company's charter and licenses, which the company possesses. [2005-04-14]