Results of activity of NAC Kazatomprom (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, April 20, 05/ - NAC Kazatomprom (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the consolidated financial statement for the year 2004. Following indicators are result of company's financial-economic activity in 2004 based upon its data (th. KZT, unless otherwise specified): ------------------------------------------------------------------ As of As of Indicator Jan 1, 04 Jan 1, 05 Change,% -------------------------------- ---------- ---------- -------- Authorized capital (paid) 3,373,136 3,373,136 0.0 Shareholders' equity 50,013,378 44,020,437 -12.0 Book value of assets 62,361,732 61,102,594 -2.0 Net working capital 24,860,301 25,691,506 +3.3 Accounts receivable 10,607,803 11,623,319 +9.6 Total liabilities 8,702,943 13,440,892 +54.4 Borrowed loans (excluding bonds) 3,475,195 6,534,944 +88.0 Issued bonds 662,384 597,074 -9.9 Accounts payable 3,683,553 5,650,791 +53.4 Sales volume 28,330,135 42,664,254 +50.6 Cost of goods sold 19,374,094 29,827,387 +54.0 Expenses 6,927,063 9,123,291 +31.7 Net income 1,841,514 2,647,875 +43.8 Stake of minority 3,645,412 3,641,265 -0.1 -------------------------------- ---------- ---------- -------- Calculated by issuer's data: -------------------------------- ---------- ---------- -------- Return on sales (ROS), % 31.61 30.09 -4.8 Return on equity (ROE), % 3.68 6.02 +63.4 Return on assets (ROA), % 2.95 4.33 +46.8 ------------------------------------------------------------------ Relative to 2003 there are following changes: - shareholders' equity fell by KZT6.0 bn. because of falling of additional unpaid capital by 8.6 bn., while total sum of undistributed income grew by 2.6 bn. - assets fell by KZT1.3 bn. because of falling of residual value of fixed assets (including construction in progress) by 6.0 bn. that was partially compensated by growth of funds by 1.7 bn., inventory - by 1.6 bn., accounts receivable - by 1.0 bn. and other assets - by 422.9 m.; - liabilities grew by KZT4.7 bn. because of growth of borrowed loans volume (excluding bonds) by 3.0 bn. and accounts payable - by 2.0 bn. whereas other liabilities fell by 289.0 m.; - sales volume grew by KZT14.3 bn.; - cost of goods sold grew by KZT10.4 bn.; - expenses of the period grew by KZT2.2 bn. Net income earned by NAC Kazatomprom in year 2004 exceeded its net income of year 2003 by KZT806.4 m. 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. [2005-04-20]