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

/IRBIS, Galina Tsalyuk, August 22, 05/ - KAZPOST JSC (Almaty, hereinafter - company), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with financial statement for the I quarter 2005. Following indicators are result of the company's financial and economic activity in the I quarter 2005, based upon the company's data (in th. KZT, unless otherwise specified): -------------------------------------------------------------- As of As of Change, Indicator Apr 1, 04 Apr 1, 05 % ------------------------------- --------- ---------- --------- Authorized capital (paid) 1,812,123 3,656,832 +101.8 Shareholders' equity 2,580,893 4,092,358 +58.6 Total assets 9,101,905 12,759,345 +40.2 Securities portfolio 2,822,318 3,954,677 +40.1 Accounts receivable (net) 556,372 780,545 +40.3 Loans, net (including repo) 2,448 389,777 +15,822.3 Investments placed in banks 685,000 675,000 -1.5 Liabilities, total 6,521,012 8,666,987 +32.9 Clients' accounts and deposits 542,440 648,358 +19.5 Borrowed loans (including repo) 1,214,873 2,112,646 +73.9 Issued bonds 1,413,000 1,413,000 0.0 Accounts payable 2,956,832 3,990,431 +35.0 Total revenues 1,517,062 1,848,748 +21.9 General expenses 1,402,763 1,812,823 +29.2 Deductions for reserves 4,733 12,693 +168.2 Net income for the period 100,251 8,232 -91.8 -------------------------------------------------------------- Relative to the I quarter 2004 there is growth of: - shareholders' equity of the company - by KZT1.5 bn. as the result of increase of paid authorized capital by 1.8 bn. and reserves - by 104.5 m. with decrease of additional paid capital by 400.0 m. and resulting sum of undistributed profit - by 37.7 m.; - assets - by KZT3.6 bn., including: money - by 1.3 bn., securities portfolio - by 1.1 bn., residual value of fixed assets - by 518.9 m., loans granted (including repo operations) - by 387.3 m. and other assets - by 339.3 m.; - liabilities - by KZT2.1 bn., out of them: accounts payable - by 1. 0 bn., borrowed loans (including direct repo operations) - by 897.8 m. and other liabilities - by 214.6 m.; - total revenues - by KZT331.7 m.; - expenses - by KZT410.1 m; - deductions for reserves - by 8.0 m. Net income the company earned in the I quarter 2005 is less its net income of the similar period of 2004 by KZT92.0 m. Company's primary activities - mail service and financial services (including agent and broker-dealer services for population) in compliance with licenses, which the company has. [2005-08-22]