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

/IRBIS, Galina Tsalyuk, September 6, 05/ - Kazakhtelecom JSC (Astana, hereinafter - company), whose shares 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 result of the company's financial and economic activity in the I quarter 2005, based upon the company's data (in th. KZT, if the other is not specified): ------------------------------------------------------------------- As of As of Change, Indicator Apr 1, 04 Apr 1, 05 % -------------------------------- ----------- ----------- ------- Authorized capital (paid minus 9,483,669 9,483,669 0.0 withdrawn) Shareholders' equity 69,083,307 93,667,662 +35.6 Total assets 109,731,712 135,544,832 +23.5 Net working capital 5,440,232 12,605,413 +131.7 Accounts receivable 14,520,604 19,325,842 +33.1 Total liabilities 40,648,405 41,877,170 +3.0 Borrowed loans (excluding bonds) 26,443,457 27,465,681 +3.9 Accounts payable 9,057,433 8,144,507 -10.1 Volume of rendered services 17,562,482 21,879,953 +24.6 Prime cost of rendered services 9,492,513 11,876,721 +25.1 Net income (loss) for the period 6,151,335 7,083,554 +15.2 Book value of 1 shares, KZR 6,099.49 8,270.09 +35.6 ------------------------------------------------------------------- Relative to the I quarter 2004 there is growth of: - shareholders' equity of the company - by KZT24.6 bn., as a result of increase of resulting sum of undistributed income by 25.2 bn. with decrease of additional unpaid capital by 607.2 m.; - assets - by KZT25.8 bn., including: long term investments - by 9.7 bn., residual value of fixed assets (including construction in process) - by 8.7 bn., accounts receivable - by 4.8 bn., money - by 1.4 bn. and other assets - by 1.3 m.; - liabilities - by KZT1.2 bn., what was caused by growth of volume of borrowed loans by 1.0 bn. and amount of deferred taxes - by 1.1 bn. with decrease of accounts payable by 912.9 m.; - volume of rendered services - by KZT4.3 bn.; - prime cost of rendered services - KZT2.4 bn. Net income earned by the company in the I quarter 2005, exceeded its net income of similar period of 2004 by KZT932.2 m. Company's primary activities - telephone, telegraph, television and radio connection of all types. [2005-09-06]