Financial and economic activity of «Kaztemirtrans» JSC

The reports on financial activity.

In accordance with the legislative act of the Republic of Kazakhstan No 234-III «On Accounting and Financial Reporting» of February 28, 2007, financial reports of «Kaztemitrans» JSC are executed in conformity with international standards and contains information on company's financial circumstances, operating results, and changes in financial circumstances.

«Kaztemitrans» JSC financial reports include:

1) balance sheet;
2) profit-and-loss report;
3) cash flow statement;
4) statement of changes in owner’s or stockholder’s equity;
5) changes in accounting principle and explanatory note.

The procedure and methods of accounting and financial reporting and additional requirements are set in accordance with international standards and Kazakhstan accounting and reporting legislation requirements. The audit of «Kaztemitrans» JSC annual financial data reports for 2006-2008 was effected by independent auditor Deloitte LLP in conformity with international financial reporting standards.

Independent audit opinion was that financial reports of «Kaztemitrans» JSC and its subsidiaries for 2008 were credible in all essential aspects and pursuant to the international financial reporting standards. In its audit report Deloitte LLP stated no qualification or adverse opinion.

Net profit of «Kaztemitrans» JSC and its subsidiaries for 2008 amounted to 14,843,849 thousand KZT, this indicator is 2.6 times as much as that of the previous year.

Consolidated and nonconsolidated financial statement of KTT for 2008 was placed in the electronic finan-cial reporting database «Financial Reporting Depository».