JPMorgan - KASE
JPMorgan - KASE JPMorgan - KASE
Index to Financial Statements Page Interim consolidated financial statements for the periods ended September 30, 2002 and 2001 (unaudited) Interim consolidated statements of income and deficit ............................ F-2 Interim consolidated balance sheets ............................................. F-3 Interimconsolidatedstatementsofcashflows.................................... F-4 Notestointerimconsolidatedfinancialstatements................................ F-5 Management’s Report ............................................................ F-18 Independent auditors’ report ...................................................... F-19 Comments by Auditor for U.S. readers on Canada-U.S. reporting difference .............. F-20 Consolidated financial statements for the years ended December 31, 2001, 2000 and 1999: Consolidated statements of income and deficit ................................... F-21 Consolidated balance sheets ................................................... F-22 Consolidated statements of cash flow ........................................... F-23 Notestotheconsolidatedfinancialstatements ................................... F-24 F-1
Hurricane Hydrocarbons Ltd. Interim consolidated statements of income and deficit (expressed in thousands of U.S.$) unaudited 9 months ended Sept. 30, 2002 3 months ended Sept. 30 2002 9 months ended Sept. 30 2001 3 months ended Sept. 30 2001 Revenue Crudeoil...................................... 319,606 143,820 193,342 64,344 Refinedproducts............................... 240,476 101,031 264,774 89,977 Processing fees ................................ 2,112 678 8,623 3,273 Interestandotherincome....................... 6,497 2,433 8,094 3,149 568,691 247,962 474,833 160,743 Expenses Production .................................... 41,669 15,256 29,681 10,404 Royalties and taxes ............................. 43,709 21,538 30,748 14,461 Transportation ................................ 100,131 50,194 34,218 12,324 Refining ...................................... 17,607 5,280 14,606 4,709 Crude oil and refined product purchases .......... 50,414 11,765 60,862 18,662 Selling ........................................ 18,724 8,102 15,057 4,528 General and administrative ...................... 42,270 14,440 35,355 12,795 Interestandfinancingcosts.................. 26,078 8,828 12,126 5,773 Depletion and depreciation ..................... 29,064 11,686 24,618 9,041 Foreign exchange loss (gain) ..................... 1,771 1,362 435 (217) 371,437 148,451 257,706 92,480 Income before unusual items ................... 197,254 99,511 217,127 68,263 Unusual items Arbitration settlement .......................... 7,134 43 — — Defense costs related to potential takeover bid .... — — 6,000 — Income before income taxes .................... 190,120 99,468 211,127 68,263 Income taxes (note 11) Current provision .............................. 64,706 36,358 67,377 22,992 Futureincometax.............................. 6,312 2,206 (3,699) (2,126) 71,018 38,564 63,678 20,866 Net income before minority interest ............ 119,102 60,904 147,449 47,397 Minority Interest ................................. 1,672 391 1,153 907 Net income .................................... 117,430 60,513 146,296 46,490 Retained earnings, (deficit), beginning of period ....................................... (66,366) (9,465) (18,887) 80,904 Purchaseofcommonshares(Note10) .............. (2,164) (2,164) — — Common share dividends ......................... — — (209,710) (209,710) Preferred share dividends ......................... (23) (7) (17) (2) Retained earnings, (deficit), end of period ...... 48,877 48,877 (82,318) (82,318) Basic net income per share (note 14) ............ 1.45 0.74 1.83 0.58 Dilutednetincomepershare(note14) ............. 1.39 0.71 1.73 0.55 F-2
- Page 115 and 116: (a) no Default or Event of Default
- Page 117 and 118: Disqualified Stock and will not per
- Page 119 and 120: transaction are at least equal to t
- Page 121 and 122: in HKM or HOP respectively, from th
- Page 123 and 124: Restricted Subsidiary sell, assign,
- Page 125 and 126: (2) reduce the rate of interest on
- Page 127 and 128: Issuer may, at its option and at an
- Page 129 and 130: (g) waive a redemption payment with
- Page 131 and 132: issue date of the Notes within the
- Page 133 and 134: Exchange of Global Notes for Defini
- Page 135 and 136: Luxembourg or their respective dire
- Page 137 and 138: the Company or to a Guarantor, (e)
- Page 139 and 140: “Consolidated Net Income” means
- Page 141 and 142: excluded, and (iii) the Fixed Charg
- Page 143 and 144: shall be deemed to make an “Inves
- Page 145 and 146: or is liquidated into, the Company
- Page 147 and 148: Value, as appropriate, of such prop
- Page 149 and 150: “Wholly Owned Restricted Subsidia
- Page 151 and 152: Sale, Redemption or Retirement of t
- Page 153 and 154: Tax on Income and Capital Gains A h
- Page 155 and 156: Plan of Distribution Subject to the
- Page 157 and 158: Pre-Issue Trades Settlement It is e
- Page 159 and 160: Regulation S Notes By purchasing no
- Page 161 and 162: The issuer’s principal activities
- Page 163 and 164: Lengesskoe Shosse, Shymkent, Yuzhna
- Page 165: 4 The issue of the notes was author
- Page 169 and 170: Hurricane Hydrocarbons Ltd. Interim
- Page 171 and 172: 3 months ended September 30, 2002 U
- Page 173 and 174: 3 months ended September 30, 2001 U
- Page 175 and 176: 9 months ended September 30, 2001 T
- Page 177 and 178: Repayment Long term debt principal
- Page 179 and 180: 14 Net Income Per Share The income
- Page 181 and 182: accordingly no compensation cost ha
- Page 183 and 184: Management’s Report All informati
- Page 185 and 186: Comments by auditor for U.S. reader
- Page 187 and 188: Hurricane Hydrocarbons Ltd. Consoli
- Page 189 and 190: Hurricane Hydrocarbons Ltd. Notes t
- Page 191 and 192: accordance with current legislation
- Page 193 and 194: In addition the Corporation has now
- Page 195 and 196: Upstream Downstream Eliminations Co
- Page 197 and 198: The crude oil sales elimination of
- Page 199 and 200: The Canadian Notes contained certai
- Page 201 and 202: Interest expense Interest expense f
- Page 203 and 204: 14 Income Taxes The Corporation and
- Page 205 and 206: investments or other items that may
- Page 207 and 208: 19 Related Party Transactions Durin
- Page 209 and 210: Consolidated Balance Sheets The app
- Page 211 and 212: Legal Proceedings The Corporation h
- Page 213 and 214: Non-FCA sales ................ Oil
- Page 215 and 216: APPENDIX B: The Republic of Kazakhs
Index to Financial Statements<br />
Page<br />
Interim consolidated financial statements for the periods ended September 30, 2002 and<br />
2001 (unaudited)<br />
Interim consolidated statements of income and deficit ............................ F-2<br />
Interim consolidated balance sheets ............................................. F-3<br />
Interimconsolidatedstatementsofcashflows.................................... F-4<br />
Notestointerimconsolidatedfinancialstatements................................ F-5<br />
Management’s Report ............................................................ F-18<br />
Independent auditors’ report ...................................................... F-19<br />
Comments by Auditor for U.S. readers on Canada-U.S. reporting difference .............. F-20<br />
Consolidated financial statements for the years ended December 31, 2001, 2000 and 1999:<br />
Consolidated statements of income and deficit ................................... F-21<br />
Consolidated balance sheets ................................................... F-22<br />
Consolidated statements of cash flow ........................................... F-23<br />
Notestotheconsolidatedfinancialstatements ................................... F-24<br />
F-1
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