ANNUAL REPORT 2005 - Lukoil

Components of net periodic benefit cost were as follows:
Year ended
December 31, 2005
Year ended
December 31, 2004
Year ended
December 31, 2003
Service cost 9 7 5
Interest cost 17 14 34
Less expected return on plan assets (6) (5) (7)
Amortization of prior service cost 5 5 19
Actuarial gain (3) (5) (4)
Curtailment gain - (8) (53)
CONSOLIDATED FINANCIAL STATEMENTS
Total net periodic benefit cost (income) 22 8 (6)
Total employer contributions for 2006 are expected to be $18 million.
The following benefit payments, which reflect expected future services, as appropriate, are expected to be paid:
2006 2007 2008 2009 2010
5-year period
2006-2010
5-year period
2011-2015
Pension benefits 23 9 12 12 13 69 54
Other long-term
employee benefits 15 9 10 11 11 56 62
Total expected
benefits to be paid 38 18 22 23 24 125 116
NOTE 15. STOCKHOLDERS' EQUITY
Common stock
As of
December 31, 2005
(millions of shares)
As of
December 31, 2004
(millions of shares)
Authorized and issued common stock, par value of 0.025
Russian rubles each 850 850
Common stock held by subsidiaries, not considered as outstanding
(2) (5)
Treasury stock (22) (34)
Outstanding common stock 826 811
Dividends and dividend limitations
Profits available for distribution to common stockholders in respect of any reporting period are determined by reference
to the statutory financial statements of the Company prepared in accordance with the laws of the Russian Federation and
denominated in Russian rubles. Under Russian Law, dividends are limited to the net profits of the reporting year as set
out in the statutory financial statements of the Company. These laws and other legislative acts governing the rights of
shareholders to receive dividends are subject to various interpretations.
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