Annual Report
2019
Analysis of Financial
and Economic Performance
Income Report Analysis
| Amount, million KZT |
2017 |
2018 |
2019 |
2019/2018 |
|
| Consolidated income |
178,134.8 |
194,194.0 |
275,338.5 |
41.8% |
| Operating income |
152,379.8 |
175,797.4 |
263,162.1 |
49.7% |
| Non-operating income |
25,755.0 |
18,396.7 |
12,176.5 |
-33.8% |
| Consolidated expenditures |
135,493.1 |
143,169.2 |
225,067.5 |
57.2% |
| Cost of sales |
89,399.4 |
113,000.0 |
200,256.7 |
77.2% |
| General and administrative expenses |
13,142.4 |
7,777.7 |
8,964.4 |
13.6% |
| Profit before tax |
42,641.7 |
51,024.8 |
50,271.0 |
-1.5% |
| Income tax expenses |
9,760.4 |
10,981.9 |
9,522.0 |
-13.3% |
| Net profit |
32,881.3 |
40,042.9 |
40,749.0 |
1.8% |
Plan/Actual Analysis
| Indicator, million KZT |
2018 actual |
2019 plan |
2019 actual |
2019 plan/actual |
|
| Consolidated income |
194,194.0 |
309,801.4 |
275,338.5 |
-11.1% |
| Operating income |
175,797.4 |
305,681.6 |
263,162.0 |
-13.9% |
| Non-operating income |
18,396.7 |
4,119.8 |
12,176.5 |
195.6% |
| Consolidated expenditures |
143,169.2 |
273,803.9 |
225,067.5 |
-17.8% |
| Cost of sales |
113,000.0 |
242,773.2 |
200,256.7 |
-17.5% |
| General and administrative expenses |
7,777.7 |
18,585.1 |
8,964.4 |
-51.8% |
Coefficient Analysis
Key indicators
| Indicator |
2017 actual |
2018 actual |
2019 plan |
2019 actual |
|
| Strategic KPI, Level 1 |
| ROACE,% |
6.54 |
7.16 |
5.77 |
7.47 |
| EBITDA, KZT million |
72,951 |
81,222 |
74,252 |
88,513 |
| Loan agreement covenants |
| Current liquidity ratio (not less than 1) |
2.23 |
1.25 |
1.96 |
2.19 |
| Samruk-Kazyna covenants |
| Debt/EBITDA (not more than 3.50) |
2.22 |
2.00 |
1.91 |
1.70 |
| Debt/Capital (not more than 1.00) |
0.43 |
0.34 |
0.30 |
0.31 |
During 2019, the established financial stability indicators and covenants have not been violated. In addition, KEGOC ensures compliance with other, non-financial covenants.
Balance Analysis
| Amount, million KZT |
2017 |
2018 |
2019 |
2019/2018 |
|
| Non-current assets |
539,978.4 |
698,081.7 |
659,175.9 |
-5.6% |
| Current assets |
88,969.3 |
57,769.0 |
97,111.0 |
68.1% |
| Total assets |
628,947.7 |
755,850.7 |
756,987.7 |
0.5% |
| Equity |
374,167.6 |
472,693.8 |
481,838.0 |
1.9% |
| Non-current liabilities |
214,952.9 |
236,958.6 |
230,808.2 |
-2.6% |
| Current liabilities |
39,827.3 |
46,198.3 |
44,341.5 |
-4.0% |
| Total equity and liabilities |
628,947.7 |
755,850.7 |
756,987.7 |
0.5% |
