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

/IRBIS, Galina Tsalyuk, August 26, 05/ - Atyraumunaygasgeologiya JSC (Atyrau, hereinafter - company), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "B" 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 Indicator Apr 1, 04 Apr 1, 05 Change, % -------------------------------- --------- --------- Authorized capital (paid) 140,819 3,000,000 +2,030.4 Shareholders' equity 281,739 3,045,309 +980.9 Total assets 845,950 3,671,898 +334.1 Net working capital 179,224 -40,467 -122.6 Accounts receivable 119,320 203,273 +70.4 Liabilities, total 564,211 626,589 +11.1 Accounts payable 95,083 142,724 +50.1 Issued bonds 312,375 335,665 +7.5 Borrowed loans (excluding bonds) 146,100 130,000 -11.0 Sales volume 258,881 118,215 -54.3 Prime coast of sales 219,415 161,044 -26.6 Net income for the period 8,050 (71,674) - -------------------------------------------------------------- Relative to the I quarter 2004 there is growth of: - shareholders' equity of the company - by KZT2.8 bn. in connection with increase of paid authorized capital -by 2.9 bn., what was partially covered by decrease of additional unpaid capital by 58.7 m. and undistributed profit - by 36.9 m.; - assets - by KZT2.8 bn., what was caused by growth of amount of long term investments by 2.8 bn., residual value of fixed assets (including construction in process) - by 168.0 m. and accounts receivable - by 83.9 m., with decrease of expenses of future periods by 142.1 m. and other assets - by 80.2 m.; - liabilities - by KZT62.4 m. as a result of increase of accounts payable by 47.6 m., volume of borrowed loans (excluding bonds) - by 23.3 m. and accrued expenses - by 7.5 m., what was partially compensated by decrease of liabilities on bonds by 16.1 m.; Company's sales volume in comparison with the I quarter 2004 decreased by KZT140.7 m., prime cost of sales - by KZT58.4 m; In the I quarter 2005 the company got loss in the amount KZT71.7 m. against KZT8.1 m. of net income of the similar period of 2004. Company's primary activities: assemblage and dismantling of drilling and oil and gas field equipment; drilling of oil, gas wells; underground and major repairs of oil and gas wells; designing of construction of oil and gas wells; testing and developing of wells and other. [2005-08-26]