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

/IRBIS, Galina Tsalyuk, Augsut 5, 05/ - KazTransOil JSC (Astana, hereinafter - company), whose eurobonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with consolidated financial statement for the I quarter of 2005. Following indicators are result of the company's financial and economic activity in the I quarter of 2005 (th. KZT): ------------------------------------------------------------------- As of As of Change, Indicator Apr 1, 04 Apr 1, 05 % -------------------------------- ----------- ----------- ------- Authorized capital (paid) 32,884,575 32,916,055 +0.1 Shareholders' equity 150,590,651 178,278,427 +18.4 Total assets 189,836,101 262,668,610 +38.4 Net working capital 45,284,575 70,817,261 +56.4 Accounts receivable (net) 19,588,147 46,622,518 +138.0 Total liabilities 39,245,450 84,390,183 +115.0 Borrowed loans (excluding bonds) 1,845,652 16,044,474 +769.3 Accounts payable 16,401,011 17,950,396 +9.4 Issued bonds 20,832,000 39,388,500* +89.1 Volume of rendered services 14,196,925 15,768,547 +11.1 Cost of rendered services 7,721,992 7,458,210 -3.4 Expenses of the period 585,033 3,208,929 +392.8 Net income of the period 4,399,716 3,778,486 -14.1 ------------------------------------------------------------------- * - including eurobonds of subsidiary of Kazakhstan-Chinese pipeline LLP - KCP Finance B.V., (Netherlands), because the company is the owner of 50% in the paid authorized capital of Kazakhstan-Chinese pipeline LLP. Relative to the I quarter of 2004 there is growth of: - shareholders' equity - by KZT27.7 bn. due to growth of additional paid capital by 14.6 bn., total sum of undistributed income - by 12.7 bn. and other articles of capital - by 458.4 m.; - assets - by KZT72.8 bn. due to growth of residual value of fixed assets (including construction in process) by 50.2 bn. and accounts receivable - by 27.0 bn., whereas funds decreased by 2.8 bn. and other assets - by 1.6 bn.; - liabilities - by KZT45.1 bn., including: liabilities on bonds - by 18.5 bn., borrowed loans volume - by 14.2 bn., deferred taxes - by 10.3 bn., accounts payable - by 1.5 bn. and other liabilities - by 518.9 m.; - volume of rendered services - by KZT1.6 bn.; - expenses of the period - by KZT2.6 bn. Cost of rendered services decreased in comparison with the I quarter of 2004 by KZT263.8 m. Net income earned by the company in the I quarter of 2005 is less than its net income of similar period of 2004 by KZT621.2 m. The main activities of the company - services on transportation of oil, oil products and water of pipeline by sea and railroad transport. [2005-08-05]