Results of activity of AI-DAN MUNAI JSC (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, April 25, 05/ - AI-DAN MUNAI JSC (Kyzylorda), whose common shares are in the official "B" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with financial statements for 2004. Following indicators are result of the issuer's financial and economic activity in 2004, based upon the issuer's data (th. KZT, unless otherwise specified): --------------------------------------------------------------- As of As of Incr. / Indicator Jan 1, 04* Jan 1, 05 decr., % ----------------------------- ---------- ---------- -------- Authorized capital (paid) 43,600 43,600 0.0 Shareholders' equity 2,857,650 4,911,893 +71.9 Total assets 7,380,510 10,892,372 +47.6 Net working capital -1,127,027 680,879 -160.4 Accounts receivable 142,619 631,030 +342.5 Total liabilities 4,522,860 5,980,480 +32.2 Borrowed loans 3,940,283 5,158,921 +30.9 Accounts payable 302,630 242,578 -19.8 Sales volume 1,872,864 4,910,091 +162.2 Cost of goods sold 558,045 895,389 +60.5 Net income for the period 345,645 2,013,608 +482.6 ----------------------------- ---------- ---------- -------- According to Company's data, following was calculated ----------------------------- ---------- ---------- -------- Return on sales, % 70.20 81.76 +16.5 Return on equity, % 12.10 40.99 +238.9 Return on assets, % 4.68 18.49 +294.7 Earnings per share (EPS), KZT 7,927.64 46,183.67 +482.6 Book value of one share, KZT 65,542.43 112,658.10 +71.9 --------------------------------------------------------------- Price/earnings (P/E) ratio was not calculated due to the fact that trades in shares of the company are not yet opened. Relative to 2003 following accounts increased: - shareholders' equity - by KZT2.0 bn as a result of increase in total amount of undistributed income for the same amount; - assets - by KZT3.5 bn., including: unfinished construction - by 1.6 bn, prepaid expenses - by 1.1 bn, accounts receivable - by 488.4 m, undepreciated cost of fixed assets - by 291.9 m and other assets - by 42.9 m.; - liabilities - by KZT1.5 bn which is due to increase in attracted loans by KZT1.2 bn and deferred taxes - by 299.0 m whereas accounts payable decreased by 60.0 m.; - sales volume - by KZT3.0 bn.; cost of goods sold -by KZT337.3 m Net income that Company earned in 204 exceed the net income for 2003 by KZT1.7 bn. Company's primary activities - oil and gas transactions on the territory of Kazakhstan, including exploring and drilling, extraction, preparation and refining, transportation and storage, marketing and trade, export of hydrocarbons and products of their refining. [2005-04-25]