JPMorgan - KASE

14 Net Income Per Share
The income per share calculations are based on the weighted average and diluted numbers of
Class A common shares outstanding during the period as follows:
9 months
ended
Sept. 30,
2002
3 months
ended
Sept. 30,
2002
9 months
ended
Sept. 30,
2001
3 months
ended
Sept. 30,
2001
Weighted average number of common
shares outstanding .............................. 81,042,900 81,301,955 79,875,296 79,994,874
Dilution from exercisable options
(including convertible securities) .................. 3,440,217 3,440,217 4,586,261 4,663,052
Diluted number of shares outstanding ............. 84,483,117 84,742,172 84,461,557 84,657,926
No options were excluded from the calculation of diluted number of shares outstanding during
the nine months ended September 30, 2002 and three months ended September 30, 2002. During
the nine months ended September 30, 2001 and three months ended September 30, 2001 one
hundred thousand options were excluded from the calculation.
15 Cash Flow Information
Changes in non-cash operating working capital items include:
9 months
ended
Sept. 30,
2002
3 months
ended
Sept. 30,
2002
9 months
ended
Sept. 30,
2001
3 months
ended
Sept. 30,
2001
(Increase)/decrease in accounts receivable ........... (29,620) (19,031) (19,545) 5,719
(Increase)/decrease in inventory .................... (407) (1,472) (1,227) 181
(Increase)/decrease in prepaids ..................... (34,855) (16,215) (20,139) (8,920)
Increase/(decrease) in accounts payable .............
and accrued liabilities ............................ 29,447 24,617 (4,863) 12,474
(Decrease)/increase in prepayments for .............
crudeoilandrefinedproducts ..................... 3,887 6,068 (1,784) (1,752)
(31,548) (6,033) (47,558) 7,702
Change in long-term debt includes:
9 months
ended
Sept. 30,
2002
3 months
ended
Sept. 30,
2002
9 months
ended
Sept. 30,
2001
3 months
ended
Sept. 30,
2001
Proceeds from ShNOS bonds ....................... — — 13,305 (18)
12%notesrepurchased ........................... — — (849) (849)
12% notes sold, net of discount .................... 17,195 — — —
Repayment of Canadian and US Notes .............. — — (25,811) (811)
Repayment of Kazgermunai debt .................. — — (25,000) (1,044)
Change in interest on Kazgermunai debt ........... 1,616 249 — —
18,811 249 (38,355) 2,722
16 Comparative Figures
The presentation of certain accounts for previous periods has been changed to conform with the
presentation adopted for the current period.
F-14