Results of activity of KazTransOil JSC (Kazakhstan) for 2004

/IRBIS, Galina Tsalyuk, June 29, 05/ - KazTransOil JSC (Astana, hereinafter - company), whose eurobonds are circulating in Kazakhstan stock exchange's official "A" listing category, provided KASE with the financial statements for 2004. The following indicators are results of its financial and economic activity for 2004 (in th. KZT, unless otherwise specified): -------------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % -------------------------------- ----------- ----------- -------- Authorized capital (paid) 32,884,575 32,916,055 +0.1 Shareholders' equity 146,190,935 183,624,417 +25.6 Total assets 188,665,966 261,016,355 +38.3 Net working capital 40,875,712 65,539,236 +60.3 Accounts receivable (net) 19,172,678 19,948,386 +4.0 Total liabilities 42,475,031 77,391,938 +82.2 Borrowed loans (excluding bonds) 2,129,574 34,323,617 +1,511.8 Accounts payable 18,545,453 21,699,677 +17.0 Issued bonds 21,633,000 19,500,000 -9.9 Volume of rendered services 58,424,521 63,585,073 +8.8 Prime cost of rendered services 33,328,722 36,227,682 +8.7 Expenses of the period 11,468,,457 13,605,167 +18.6 Net income for the year 9,303,647 7,810,402 -16.1 -------------------------------- ----------- ----------- -------- Calculated by company's data: -------------------------------- ----------- ----------- -------- Return on sale (ROS), % 42.95 43.02 +0.2 Return on equity (ROE), % 6.36 4.25 -33.2 Return on assets (ROA), % 4.93 2.99 -39.3 -------------------------------------------------------------------- Relative to 2003 there is growth in: - shareholders' equity of the company - by KZT37.4 bn., including: additional unpaid capital - by 24.4 bn., resulting sum of undistributed profit - by 12.4 bn., reserve capital - by 579.5 m. and paid authorized capital - by 31.5 m.; - assets - by KZT72.4 bn., what was caused by growth of depreciated cost of fixed assets by 47.9 bn., money funds - by 26.2 bn., accounts receivable - by 775.7 m. with decrease of capital construction in process by 1.8 bn. and other assets - by 680.4 m.; - liabilities - by KZT34.9 bn. as a result of growth of borrowed lonas volume by 32.2 bn., accounts payable - by 3.1 bn. and other liabilities - by 1.7 bn., what was partially covered by decrease of obligations on eurobonds by 2.1 bn.; - volume of rendered services - by KZT5.2 bn.; - prime cost of rendered services - by KZT2.9 bn.; - expenses for the period - by KZT2.1 bn.; Net income earned by the company in 2004 less than its net profit of 2003 by KZT1.5 bn. The main activities of the company - services on transportation of oil, oil products and water of pipeline by sea and railroad transport. [2004-06-29]