Auditor's report on financial statement of KazTransCom JSC (Kazakhstan) for year 2004

/IRBIS, Galina Tsalyuk, June 28, 05/ - KazTransCom JSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) "А" listing category, has presented KASE auditor's report made by KPMG Janat (Almaty) on the company's financial statement for year 2004 prepared in compliance with Kazakhstan accounting standards (KAS). Result of the company's financial and economic activity as of December 31 of 2004 is as follows, based on the auditor's data (th. KZT, unless otherwise specified): --------------------------------------------------------------------- as of as of Indicator Dec 31, 03 Dec 31, 04 --------------------------------------------- ---------- ---------- Authorized capital (paid excluding withdrawn) 42,100 42,058 Shareholders' equity 1,648,658 1,796,575 Book value of assets 3,531,101 5,519,608 Net working capital 619,340 1,710,420 Accounts receivable 1,077,833 1,718,350 Liabilities, total 1,882,443 3,723,033 Borrowed loans (excluding bonds) 51,882 103,333 Issued bonds 1,399,184 2,823,874 Accounts payable 351,838 604,025 Volume of rendered services 2,418,757 2,824,380 Cost of rendered services 1,692,147 1,885,589 Net income for the year 32,403 151,602 --------------------------------------------- ---------- ---------- Calculated by audited data: --------------------------------------------- ---------- ---------- Return on sales (ROS), % 30.04 33.24 Return on equity (ROE), % 1.97 8.44 Return on assets (ROA), % 0.92 2.75 earning per 1 common share (EPS), KZT 15.13 76.21* Book value of 1 share, KZT 783.21 854.34 --------------------------------------------------------------------- * - excluding dividends on privileged shares. Audit of the company's financial statement for year 2004 was made by KPMG Janat in compliance with international auditing standards. In the auditor's opinion the financial statement exactly in all essential aspects reflects the company's financial condition as of December 31 of 2004, results of activity, changes in equity capital and cash flow for the year, which ended by the mentioned date, in compliance with KAS. Company's primary activities - providing companies and organizations of oil and gas and other branches of economy and population with all types of communication. [2005-06-28]