ANNUAL REPORT 2005 - Lukoil

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2004 Sales Western Siberia European Russia International Elimination Consolidated Third parties 698 6,739 26,408 - 33,845 Inter-segment 4,780 12,081 20 (16,881) - Total sales 5,478 18,820 26,428 (16,881) 33,845 Operating expenses and total cost of purchases 1,457 6,334 22,045 (16,832) 13,004 Depletion, depreciation and amortization 366 533 176 - 1,075 CONSOLIDATED FINANCIAL STATEMENTS Interest expense 33 234 92 (59) 300 Income taxes 236 1,351 173 - 1,760 Net income 607 3,295 682 (336) 4,248 Total assets 5,625 16,796 10,579 (3,239) 29,761 Capital expenditures 1,082 1,767 598 - 3,447 2003 Western Siberia European Russia International Elimination Consolidated Sales Third parties 512 5,346 16,260 - 22,118 Inter-segment 3,212 7,572 22 (10,806) - Total sales 3,724 12,918 16,282 (10,806) 22,118 Operating expenses and total cost of purchases 1,023 4,836 13,414 (10,818) 8,455 Depletion, depreciation and amortization 314 476 130 - 920 Interest expense 13 233 70 (43) 273 Income taxes 172 773 62 - 1,007 Net income 584 1,761 1,376 (20) 3,701 Total assets 6,721 15,912 7,247 (3,306) 26,574 Capital expenditures 543 1,953 522 - 3,018 165
FINANCIAL ACCOUNTS OAO LUKOIL Supplementary Information on Oil and Gas Exploration and Production Activities (Unaudited) (Millions of US dollars, except as indicated) This section provides unaudited supplemental information on oil and gas exploration and production activities in accordance with SFAS No. 69, "Disclosures About Oil and Gas Producing Activities" in six separate tables: I. Capitalized costs relating to oil and gas producing activities II. Costs incurred in oil and gas property acquisition, exploration, and development activities III. Results of operations for oil and gas producing activities IV. Reserve quantity information V. Standardized measure of discounted future net cash flows VI. Principal sources of changes in the standardized measure of discounted future net cash flows Amounts shown for equity companies represent the Group's share in its exploration and production affiliates, which are accounted for using the equity method of accounting. I. Capitalized costs relating to oil and gas producing activities As of December 31, <strong>2005</strong> International Russia Total consolidated companies Group's share in equity companies Total Unproved oil and gas properties 196 531 727 17 744 Proved oil and gas properties 4,331 26,785 31,116 782 31,898 Accumulated depreciation, depletion, and amortization (377) (12,672) (13,049) (173) (13,222) Capitalized cost related to asset retirement obligation - 166 166 4 170 Accumulated depreciation of capitalized cost related to asset retirement obligation - (19) (19) - (19) Net capitalized costs 4 ,150 14,791 18,941 630 19,571 As of December 31, 2004 International Russia Total consolidated companies Group's share in equity companies Total Unproved oil and gas properties 202 666 868 23 891 Proved oil and gas properties 1,256 23,922 25,178 735 25,913 Accumulated depreciation, depletion, and amortization (154) (12,154) (12,308) (174) (12,482) Capitalized cost related to asset retirement obligation 1 70 71 1 72 Accumulated depreciation of capitalized cost related to asset retirement obligation - (7) (7) - (7) Net capitalized costs 1,305 12,497 13,802 585 14,387 166
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ANNUAL REPORT 2005
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ANNUAL REPORT, 2005 ADDRESS TO SHAR
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ANNUAL REPORT, 2005 LUKOIL signific
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LUKOIL IS ONE OF THE MAJOR INTERNAT
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The Company buys 15 filling station
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August The first stage of a coke ca
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LUKOIL completes eradication of the
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289 filling stations and 132 diesel
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ANNUAL REPORT, 2005 LUKOIL is reali
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ANNUAL REPORT, 2005 GEOLOGICAL EXPL
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ANNUAL REPORT, 2005 Russia Total ex
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ANNUAL REPORT, 2005 Western Siberia
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ANNUAL REPORT, 2005 In 2005 LUKOIL
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ANNUAL REPORT, 2005 Distribution of
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ANNUAL REPORT, 2005 LICENSING The C
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ANNUAL REPORT, 2005 increased by 1.
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ANNUAL REPORT, 2005 Creation of the
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ANNUAL REPORT, 2005 Gas Production
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KAZAKHSTAN Kumkol 50% LUKOIL INTERN
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ANNUAL REPORT, 2005 Main oil export
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47.6 REFINING, PETROCHEMICALS AND M
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Russia Growth of export duties in 2
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The catalytic reforming unit was ov
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GAS PROCESSING The Company's gas-pr
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up to 200,000 tonnes of caustic sod
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LUKOIL bought share stakes in 2005,
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Trading with third parties LITASCO
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ANNUAL REPORT, 2005 Effect from EOR
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TRADE BALANCE OF LUKOIL SUBSIDIARIE
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ANNUAL REPORT, 2005 Work by LUKOIL
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ANNUAL REPORT, 2005 management of t
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ANNUAL REPORT, 2005 as investments
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ANNUAL REPORT, 2005 AA 1000 standar
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ANNUAL REPORT, 2005 took part in cr
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CORPORATE GOVERNANCE The Company vi
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THE MARKET FOR COMPANY SECURITIES R
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than in the first quarter of the ye
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Alexander Shokhin Independent Direc
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Vagit Sharifov Vice-President, Head
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The general meeting of shareholders
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the Group's organizations and struc
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ANNUAL REPORT, 2005 Projects of LUK
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ANNUAL REPORT, 2005 Fields and lice
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ANNUAL REPORT, 2005 erves were not
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ANNUAL REPORT, 2005 The company's r
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FINANCIAL ACCOUNTS MANAGEMENT'S DIS
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FINANCIAL ACCOUNTS Strategic Partne
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FINANCIAL ACCOUNTS The table below
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FINANCIAL ACCOUNTS The mineral extr
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FINANCIAL ACCOUNTS lack refining ca
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FINANCIAL ACCOUNTS YEAR ENDED DECEM
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FINANCIAL ACCOUNTS 2005 2004 Realiz
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Page 117 and 118: FINANCIAL ACCOUNTS Analysis of capi
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Page 127 and 128: FINANCIAL ACCOUNTS OAO LUKOIL Conso
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Page 133 and 134: FINANCIAL ACCOUNTS Property, plant
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Page 145 and 146: FINANCIAL ACCOUNTS The real returns
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Page 149 and 150: FINANCIAL ACCOUNTS In January 2005,
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Page 161 and 162: FINANCIAL ACCOUNTS Estimated net pr
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Page 165 and 166: FINANCIAL ACCOUNTS Group's share in
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Page 169 and 170: FINANCIAL ACCOUNTS A corporate hold
Page 171: ANNUAL REPORT, 2005 REFERENCE INFOR
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ANNUAL REPORT 2005 - Lukoil

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