Results of activity of NAC Kazatomprom JSC (Kazakhstan) in the I quarter 2005

/IRBIS, Galina Tsalyuk, August 4, 05/ - NAC Kazatomprom JSC (Almaty, hereinafter - company), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange (KASE), provided KASE with financial statement for the I quarter 2005. Following indicators are consolidated results of the company's financial and economic activity in the I quarter 2005, based upon the company's data (th. KZT, unless otherwise specified): ----------------------------------------------------------------- As of As of Change, Indicator Apr 1, 04 Apr 1, 05 % -------------------------------- ---------- ---------- ------- Authorized capital (paid) 3,373,136 7,894,402 +134.0 Shareholders' equity 49,209,019 59,481,486 +20.9 Balance cost of assets 64,456,948 73,702,085 +14.3 Net working capital 25,744,786 31,775,475 +23.4 Accounts receivable 10,709,317 12,864,947 +20.1 Total liabilities 11,030,390 10,564,075 -4.2 Borrowed loans (excluding bonds) 3,487,017 4,909,255 +40.8 Issued bonds 637,858 608,969 -4.5 Accounts payable 6,080,730 4,443,447 -26.9 Minority interest 4,217,539 3,656,524 -13.3 Sales volume 7,402,543 12,062,197 +62.9 Cost of goods sold 4,483,387 8,003,205 +78.5 Expenses of the period 1,783,193 2,036,966 +14.2 Net income of the period 1,217,995 11,217,544 +821.0 ----------------------------------------------------------------- Relative to the I quarter 2004 there is growth of: - company's' shareholders equity - by KZT10.3 bn. because of growth of total sum of undistributed income by 16.4 bn. and paid authorized capital - by 4.5 bn., what was partially covered by decrease of additional unpaid capital by 10.6 bn.; - assets - by KZT9.2 bn. due to growth of residual value of fixed assets (including construction in process) by 3.6 bn., money - by 3.9 bn. and accounts receivable - by 2.1 bn. with decrease of other assets by 424.1 m.; - sales volume - by KZT4.6 bn.; - cost of goods sold - by KZT3.5 bn; - expenses of the period - KZT253.8 m. Company's liabilities decreased in comparison with the I quarter 2004 by KZT466.3 m., what was caused by decrease of accounts payable by 1.6 bn. and other liabilities - by 251.3 m. with increase of volume of borrowed loans (excluding bonds) by 1.4 bn. Net income, earned by the company in the I quarter 2005, exceeded its net income of similar period of 2004 by KZT18.7 m., what was mainly caused by writing off to incomes additional unpaid capital from revaluation of fixed assets in the amount KZT9.4 bn. Company's primary activities - execution of functions of national operator on export and import of uranium and its compounds, nuclear fuel for atom energy stations, special equipment and technologies, materials of double application. [2005-08-04]