ANNUAL REPORT 2005 - Lukoil

2004
Sales
Exploration
and
production
Refining,
marketing
and distribution
Chemicals Other Elimination Consolidated
Third parties 1,614 30,807 1,384 40 - 33,845
Inter-segment 8,379 822 13 103 (9,317) -
Total sales 9,993 31,629 1,397 143 (9,317) 33,845
Operating expenses and
total cost of purchases 2,610 18,469 1,119 89 (9,283) 13,004
Depreciation, depletion
and amortization 676 377 8 14 - 1,075
Interest expense 76 272 2 93 (143) 300
CONSOLIDATED FINANCIAL STATEMENTS
Income tax expense 568 1,159 20 13 - 1,760
Net income 1,221 2,908 175 117 (173) 4,248
Total assets 17,827 17,029 462 3,143 (8,700) 29,761
Capital expenditures 2,289 1,070 71 17 - 3,447
2003
Exploration
and
production
Refining,
marketing
and distribution
Chemicals Other Elimination Consolidated
Sales
Third parties 1,580 19,542 963 33 - 22,118
Inter-segment 5,702 285 8 46 (6,041) -
Total sales 7,282 19,827 971 79 (6,041) 22,118
Operating expenses and
total cost of purchases 2,349 11,323 808 25 (6,050) 8,455
Depreciation, depletion
and amortization 606 304 4 6 - 920
Interest expense 66 199 3 84 (79) 273
Income tax expense 381 605 11 10 - 1,007
Net income 1,995 1,573 72 99 (38) 3,701
Total assets 15,851 13,479 282 3,789 (6,827) 26,574
Capital expenditures 1,784 1,175 39 20 - 3,018
163