Year 2004 consolidated net income of Open JSC “Galnaftogaz Concern” totaling UAH 15.6 mln.

Under national standards of financial accounting, year 2004 consolidated net income of Open JSC “Galnaftogaz Concern” totals UAH 15.6 mln., as the company’s press-service reports. This is a 5 million increase on the previous year income – UAH 10.6 mln. Non-negotiable instruments (the share of fixed assets – 88.0%) have grown by 1.4 times and are estimated at UAH 283.9 mln. of depreciated cost.

Consolidated proceeds from sales and other operational income of the concern total UAH 1,643.4 mln. This indicator is based on the proceeds from sales of oil products, ancillary products and incidental services by the concern’s affiliated companies through its own network of filling stations and petroleum storage depots.

Wear and tear of fixed assets equals 13.8 %. Total assets are worth UAH 530.8 mln. In 2004 the shareholder's equity of Open JSC “Galnaftogaz Concern” grew by 1.3 times and now is worth UAH 242.5 mln. As of 31 December 2004 the Concern’s statute capital is worth UAH 130 mln. The ratio of the Concern’s shareholders’ equity to debt capital is 45.7% : 54,3%.

For 2004 EBITDA is UAH 49.2 mln. In 2003 this indicator was UAH 28.6 mln. Thus, over the past year the Concern’s EBITDA has grown by 1.7 times. The working capital throughout the Concern is worth UAH 97.0 mln. The ratio of overall liquidity (coverage) is 1.7.