ANNUAL REPORT 2005 - Lukoil

OAO LUKOIL
Consolidated Statements of Stockholders' Equity and Comprehensive Income
For the years ended December 31, 2005, 2004 and 2003
(Millions of US dollars, unless otherwise noted)
Common stock
Stockholders'
equity
2005 2004 2003
Comprehensive
income
Stockholders'
equity
Comprehensive
income
Stockholders'
equity
Balance as of January 1 15 15 15
Outstanding as of December 31 15 15 15
Treasury stock
Balance as of January 1 (706) (435) (428)
Stock purchased - (502) (368)
Stock sold 179 231 361
Balance as of December 31 (527) (706) (435)
Additional paid-in capital
Balance as of January 1 3,564 3,522 3,229
Premium on non-outstanding shares issued 47 - 38
Proceeds from sale of treasury stock
in excess of carrying amount 119 42 255
Balance as of December 31 3,730 3,564 3,522
Retained earnings
Comprehensive
income
Balance as of January 1 17,938 - 14,371 - 11,186 -
Net income 6,443 6,443 4,248 4,248 3,701 3,701
Dividends on common stock (795) - (681) - (516) -
Balance as of December 31 23,586 17,938 14,371
CONSOLIDATED FINANCIAL STATEMENTS
Accumulated other comprehensive loss, net of tax
Balance as of January 1 - - (1) - (2) -
Foreign currency translation adjustment - - 1 1 1 1
Balance as of December 31 - - (1)
Total comprehensive income for the year 6,443 4,249 3,702
Total stockholders' equity as of December 31 26,804 20,811 17,472
Share activity
2005 2004 2003
(millions of shares) (millions of shares) (millions of shares)
Common stock, issued
Balance as of January 1 850 850 850
Balance as of December 31 850 850 850
Treasury stock
Balance as of January 1 (34) (26) (27)
Purchase of treasury stock - (18) (19)
Sales of treasury stock 12 10 20
Balance as of December 31 (22) (34) (26)
The accompanying notes are an integral part of these consolidated financial statements.
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