Financial results of Astana-finance OJSC (Kazakhstan) for 2004

/IRBIS, Galina Tsalyuk, May 3, 05/ - Astana-finance JSC (Astana), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with unconsolidated financial statements for 2004. The following indicators are results of the company's financial and economic activity for 2004, based upon the company's information (in th. KZT, unless otherwise specified): --------------------------------------------------------------- As of As of Indicator Jan 01, 04 Jan 01, 05 Change,% ----------------------------- ---------- ---------- -------- Authorized capital (paid) 2,073,949 2,200,000 +6.1 Shareholders' equity 3,197,090 3,743,444 +17.1 Total assets 16,671,975 24,498,200 +46.9 Loan portfolio 11,313,358 15,149,761 +33.9 Accounts receivable (net) 2,699,869 5,936,247 +119.9 Total liabilities 13,474,885 20,754,756 +54.0 Attracted borrowings 7,957,650 12,420,369 +56.1 Accounts payable 345,008 333,482 -3.3 Issued bonds 5,089,997 7,373,869 +44.9 Total revenues 2,308,340 2,910,582 +26.1 General expenses 1,551,777 2,137,163 +37.7 Deductions to reserves 216,571 207,675 -4.1 Net income for the period 400,651 510,212 +27.3 ----------------------------- ---------- ---------- -------- Ratios based on issuer's data ----------------------------- ---------- ---------- -------- Return on Equity, % 12.53 13.63 +8.8 Return on Assets, % 2.40 0.02 -99.1 Book value of one share, KZT 1,541.55 1,701.57 +10.4 Earnings per Share, KZT 193.18 231.91 +20.0 --------------------------------------------------------------- Relative to 2003 following accounts increased: - shareholders' equity of the company - by KZT546.3 m. as the result of increase in piad-in authorized capital by 126.0 m., reserve capital - by 359.6 m. and undistributed income by 60.7 m.; - assets - by KZT7.8 bn., including: net loan portfolio - by 3.8 bn., accounts receivable - by KZT3.2 bn., and other assets by KZT753.4 m.; - liabilities - by KZT7.3 bn., caused by increase in borrowings (excl bonds) by 4.5 bn, bonds issued by 2.3 bn, and other liabilities by 533.3 m; - revenues - by KZT602.2 m.; - expenses - by KZ585.4 m. Provisions charged against probable losses decreased by KZT8.9 m compared to 2003. Net income earned by Astana-finance JSC in 2004 increased by KZT109.6 m. relative to results of 2003. Astana-finance OJSC is non-banking institution, primary activities of which are: individual types of banking services, investment activity, financing of economic and social projects on development Astana city, and also other types of activity in accordance with the Charter and licenses, which the company possesses. [2005-05-03]