Results of activity of Aktobemunai-finance OJSC (Kazakhstan) for 2004

/IRBIS, Galina Tsalyuk, May 4, 05/ - Aktobemunai-finance JSC (Aktobe), whose shares are circulating in the official "B" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with non-audited consolidated financial statements for 2004. The following indicators are consolidated result of the issuer's financial and economic activity in 2004, based upon the issuer's information (in th. KZT, unless otherwise specified): --------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % -------------------------------- --------- --------- ------- Authorized capital (paid) 1,300,000 1,300,000 0.0 Shareholders' equity 1,179,587 1,353,739 +14.8 Total assets 3,259,175 5,801,158 +78.0 Net working capital 699,512 350,774 -49.9 Accounts receivable 1,108,052 1,041,682 -6.0 Liabilities, total 1,779,232 4,156,204 +133.6 Attracted credits 1,251,231 3,454,690 +176.1 Accounts payable 528,001 701,514 +32.9 Sales volume 300,356 291,215 -3.0 Cost of goods sold 1,553,849 3,004,338 +93.3 Net income (loss) 1,303,085 2,752,044 +111.2 -------------------------------- --------- --------- ------- Calculated by the issuer's data: (128,368) 137,272 - -------------------------------- --------- --------- ------- Return on sales (ROS),% Return on assets (ROA),% 16.14 8.40 -48.0 Return on equity (ROE),% -3.94 2.37 - Book value of one share, KZT -10.88 10.14 - Earnings per share (EPS), KZT (9.89) 10.57 - Price earnings ratio (Р/Е) 90.74 104.13 +14.8 --------------------------------------------------------------- Relative to 2003 following accounts increased: - shareholders equity - by KZT174.1 m. as the result of increase of total sum of uncovered loss by KZT137.3 m., increase in reserve capital by KZT18.8 m., additional unpaid capital - by 790.0 th., and attracting of additional paid in capital by 17.3 m.; - total assets - by KZT2.5 bn. as the result of increase in cash - by KZT1.5 bn., investments (both long-, and short-term) - by 128.1 m., undepreciated cost of fixed assets - by 853.0 m., and other assets - by 25.3 m.; - liabilities - by KZT2.4 bn., including: attracted credits - by KZT2.2 bn., and short-term accounts payable - by 173.5 m.; - sales volume - by KZT1.4 bn.; - cost of goods sold - by KZT1.4 m; According to results of activity in 2004 Aktobemunai-finance JSC earned a net income of KZT137.3 m versus net loss of KZT128.4 m for 2003. Company's primary activities - generation and sale of electrical energy, gas transportation and commercial activity. [2005-05-04]