ANNUAL REPORT 2005 - Lukoil

The following table shows the effect of non-cash transactions on investing activity:
NOTE 5. ACCOUNTS AND NOTES RECEIVABLE, NET
Year ended
December 31, 2005
Year ended
December 31, 2004
As of
December 31, 2005
Year ended
December 31, 2003
Net cash used in investing activity 6,225 3,741 2,792
Non-cash investing activity 133 123 64
Total investing activity 6,358 3,864 2,856
As of
December 31, 2004
CONSOLIDATED FINANCIAL STATEMENTS
Trade accounts and notes receivable (net of provisions
of $80 million and $85 million as of December 31, 2005
and 2004, respectively) 3,410 2,316
Current VAT and excise recoverable 1,772 1,302
Short-term loans receivable of a banking subsidiary 48 25
Other current accounts receivable (net of provisions
of $46 million and $66 million as of December 31, 2005
and 2004, respectively) 303 224
Total accounts and notes receivable 5,533 3,867
NOTE 6. INVENTORIES
As of
December 31, 2005
As of
December 31, 2004
Crude oil and petroleum products 1,975 1,310
Materials for extraction and drilling 250 162
Materials and supplies for refining 29 49
Other goods, materials and supplies 365 238
Total inventories 2,619 1,759
NOTE 7. INVESTMENTS
As of
December 31, 2005
As of
December 31, 2004
Investments in equity method affiliates and joint ventures 934 559
Long-term loans given by non-banking subsidiaries 165 197
Other long-term investments 11 23
Total long-term investments 1,110 779
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