Annual Report 2019
OPERATING
RESULTS
Main achievements of
KazAgroFinance JSC in 2019
- 103.4 billion KZT was invested in the development of the agro-industrial complex
- 2,231 clients were financed
- Invested in agribusiness from 2000 to 2019 798.1 billion KZT
- 5,893 units of agricultural machinery and equipment were leased for the amount of 98.5 billion KZT.
- 4,384 contracts for agricultural financing were signed
- The client satisfaction index for the Company’s services was 92.1%
- In 2019, the Company received the largest net income in the history of the Company, amounting to 9.2 billion KZT
Over the past 6 years, investments aimed at introducing new and modernizing existing investment projects in the agro-industrial complex have been made at the expense of the Company’s own and attracted funds.
Number of serviced clients and concluded financing agreements
The dynamics show the annual growth of the clients served by the Company and the concluded financing agreements.
Number of clients by business size, p
The main share of clients in the Company’s portfolio is small and medium-sized businesses.
Investment dynamics,
billion KZT
projects
put into operation in 2007-2019
REGIONAL STRUCTURE OF THE PROJECTS
COMMISSIONED IN 2007-2019, BY DIRECTIONS
| Regional structure by directions |
Almaty |
Nur-Sultan |
Akmola region |
Aktobe region |
Almaty region |
Atyrau region |
East Kazakhstan region |
Zhambyl region |
West Kazakhstan region |
Karaganda region |
Kostanay region |
Kyzylorda region |
Pavlodar region |
North Kazakhstan region |
Turkestan region |
Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Alternative Energy Sources / Solar Power Station | — | — | — | 1 | — | — | — | — | — | — | — | — | — | — | — | 1 |
| Grain Storages | 2 | — | 17 | — | — | — | — | — | — | — | 2 | 1 | 1 | 10 | 1 | 34 |
| Fodder production | — | — | 8 | 4 | — | 1 | 5 | 4 | 2 | — | 3 | — | 5 | 3 | 1 | 36 |
| Commercial dairy farm | 3 | — | 3 | 2 | 2 | — | 8 | 2 | 1 | — | 5 | 1 | 7 | 4 | 2 | 40 |
| Meat processing complex | — | — | 1 | 1 | — | — | 1 | — | 1 | — | — | 1 | 1 | — | — | 6 |
| Vegetable stores | 2 | 3 | 4 | 1 | 3 | 3 | 3 | 1 | 1 | 3 | 4 | — | 10 | 3 | 5 | 46 |
| Feedlots | 3 | — | 1 | — | 2 | — | — | 1 | — | 1 | — | 2 | 1 | — | 3 | 14 |
| Processing | — | 3 | 5 | 3 | 6 | 3 | 4 | 2 | 2 | 6 | 6 | 7 | 3 | 2 | 6 | 58 |
| Poultry farms | — | — | 3 | — | 3 | 1 | 2 | 1 | — | 1 | 4 | — | — | 1 | 2 | 18 |
| Sow farms | 1 | — | 11 | 3 | 10 | — | 14 | 6 | 10 | 7 | 11 | — | 7 | 18 | 3 | 101 |
| Fish farming complex | — | — | — | — | — | 1 | 2 | 2 | — | 1 | — | — | — | — | — | 6 |
| Gardens | 3 | — | — | — | — | — | — | 3 | — | — | — | — | — | — | 8 | 14 |
| Assembly factory | — | — | — | — | — | — | 1 | — | 1 | 1 | — | — | — | — | 1 | 4 |
| Irrigation systems | 4 | — | 4 | 1 | 4 | 13 | 1 | 10 | 3 | 5 | — | — | 9 | 4 | 7 | 65 |
| Green houses | 2 | 1 | 1 | 3 | 4 | — | — | 2 | — | 2 | — | — | — | — | 10 | 25 |
| Killing department | — | — | — | — | — | — | — | — | — | — | — | 1 | — | — | — | 1 |
| Total | 20 | 7 | 58 | 19 | 34 | 22 | 41 | 34 | 21 | 27 | 35 | 13 | 44 | 45 | 49 | 469 |
In 2019, the Company commissioned 6 investment projects, including:
- 3 enterprises for processing agricultural products with a production capacity of 4.5 tons per year;
- 1 enterprise using an irrigation system with a production capacity of 576 tons per year;
- 1 grain storage for 15,000 tons;
- 1 dairy farm with production capacity of 2.5 tons per year.
The total cost of the projects amounted to 1.9 billion KZT, including the amount of financing of KazAgroFinance amounted to 1.6 billion KZT. In total, 469 projects with a total cost of 263.3 billion KZT were commissioned during the period 2007-2019, including the amount of financing of KazAgroFinance amounted to 189.8 billion KZT.
Leasing of Agricultural Machinery Provided to KazAgroFinance
| Machinery name | 2017 | 2018 | 2019 | Total 2000—2019 | ||||
| Pcs. | Amount | Pcs. | Amount | Pcs. | Amount | Pcs. | Amount | |
| Seeding machinery | 31 | 509 | 72 | 1,736 | 143 | 7,336 | 1,399 | 52,865 |
| Tractors | 788 | 9,432 | 1,032 | 15,592 | 1,713 | 30,859 | 14,428 | 122,098 |
| Combine harvesters | 283 | 16 869 | 495 | 28,268 | 540 | 32,856 | 10,839 | 250,157 |
| Seeders | 124 | 1,703 | 133 | 2,626 | 416 | 4,386 | 2,595 | 15,750 |
| Other machinery | 1 150 | 7 830 | 1 550 | 12 762 | 3 073 | 23 017 | 19 027 | 102 431 |
| Equipment | 24 | 3,807 | 144 | 1,987 | 8 | 58 | 604 | 58,897 |
| Total | 2,400 | 40,176 | 3,426 | 62,972 | 5,893 | 98,513 | 48,892 | 602,198 |
In total, KazAgroFinance JSC has financed the procurement of about 48.9 thousand units of agricultural machinery and equipment for a total amount of 602.2 billion KZT. The leased equipment handles 10 million hectares of cultivated lands.
In 2019, the KAF financed 5.9 thousand units of equipment for 98.5 billion KZT (the growth in comparison with 2018 for the main types of equipment was 72% in quantitative terms, 56% in monetary terms). According to the data analysis of the Ministry of Agriculture, the share of main types of equipment (combines, tractors, sowing systems) leased by the Company is 49% of the total volume of equipment procured by agricultural producers throughout Kazakhstan.
easing Structure under the Special Programs
| Program | Number of contracts | Number of equipment | Cost of equipment, million KZT | Share % |
|---|---|---|---|---|
| Agrotechnics | 751 | 851 | 8,063.5 | 8.2% |
| Master leasing | 493 | 850 | 24,752.4 | 25.1% |
| Own feed | 456 | 531 | 2,429.9 | 2.5% |
| Express leasing | 383 | 541 | 7,860.3 | 8.0% |
| Other | 2,277 | 3,120 | 55,406.7 | 56.2% |
| Total | 4,360 | 5,893 | 98,512.8 | 100.0% |
Special programs «Agrotechnics», «Master Leasing», «Express Leasing» and «Own Feed» are most in demand in 2019.
