Gazprom-AR2014

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Major results 7 OAO Gazprom’s Results Financial results 2012* 2013** 2014 Change in 2014/2013 Revenue (net) from sales of goods, products, work, services (net of VAT, excise taxes and other similar payments), RUB mm 3,659,151 3,933,335 3,990,280 1.4% Profit from sales, RUB mm 993,207 961,827 921,246 –4.2% Net profit, RUB mm 556,387 628,144 188,980 –69.9% Net assets, RUB mm*** 7,882,797 8,369,165 9,089,213 8.6% Net assets per share, RUB 332.98 353.52 383.94 8.6% Earnings per share, RUB 23.50 26.53 7.98 –69.9% Year-end dividends per share, RUB 5.99 7.20 7.20**** – * Figures for 2012 may differ from the respective figures in the Annual Report for 2012 due to the restatement of comparable data in the 2013 financial statements. ** Figures for 2013 may differ from the respective figures in the Annual Report for 2013 due to the restatement of comparable data in the 2014 financial statements. *** The Net assets fiqures for 2012 and 2013 differ from the figures in the Annual Report 2012 and Annual Report 2013 due to changes in the established by the legislation method of net assets calculation (Order of the Ministry of Finance of Russia No 84n dated 28 August 2014). **** It is recommended that the dividends payable in 2015 based on operating results in 2014 should amount to RUB 170,449.3mm. Financial ratios and market indicators 2012 * 2013 ** 2014 Return ratios*** Return on equity 7.06% 7.51% 2.08% Return on assets 5.54% 5.79% 1.54% Liquidity ratios*** Current liquidity ratio 1.70 2.00 1.94 Quick liquidity ratio 1.36 1.63 1.55 Financial stability ratios Debt to capital ratio 16.51% 19.12% 23.38% Market indicators Price**** / earnings per share (P/E) (domestic OAO Gazprom’s share market) 6.12 5.23 16.33 Average market capitalisation, USD bn***** 124.2 100.1 86.7 * Figures for 2012 may differ from the respective figures in the Annual Report for 2012 due to the restatement of comparable data in the 2013 financial statements. ** Figures for 2013 may differ from the respective figures in the Annual Report for 2013 due to the restatement of comparable data in the 2014 financial statements. *** Calculated in accordance with the Bank of Russia’s Regulation on Information Disclosure by Securities Issuers approved by Order No. 454-P of the Bank of Russia dated 30 December 2014. **** ZAO Micex Stock Exchange price as of the end of the year. ***** Calculated as the average of the daily closing prices at ZAO Micex Stock Exchange at the exchange rate of the Central Bank of Russia as of the respective date, multiplied by the total number of OAO Gazprom’s shares issued. OAO Gazprom Annual Report 2014
8 Company Information OAO Gazprom’s Mission OAO Gazprom views its mission in reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers. OAO Gazprom Annual Report 2014
Page 1 and 2: OAO Gazprom Annual Report 2014 The
Page 3 and 4: Contents 4 Statement of OAO Gazprom
Page 5 and 6: 4 Statement of OAO Gazprom’s Chai
Page 7: 6 Major results Gazprom Group Resul
Page 11 and 12: 10 Company Information OAO Gazprom
Page 13 and 14: 12 Company Information Track Record
Page 15 and 16: 14 Company Information Gazprom Grou
Page 17 and 18: 16 Company Information Operations a
Page 19 and 20: 18 Business Development Prospects S
Page 21 and 22: 20 Business Development Prospects G
Page 23 and 24: 22 Business Development Prospects E
Page 25 and 26: 24 Business Development Prospects T
Page 27 and 28: 26 Business Development Prospects E
Page 29 and 30: 28 Business Development Prospects P
Page 31 and 32: 30 Business Development Prospects U
Page 33 and 34: 32 Business Development Prospects S
Page 35 and 36: 34 Board of Directors and Managemen
Page 43 and 44: 42 Board of Directors’ Report on
Page 49 and 50: 48 Trends and Developments on Oil a
Page 55 and 56: 54 Performance Results Exploration
Page 57 and 58: 56 Performance Results Distribution
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58 Performance Results Distribution
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60 Performance Results The company
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62 Performance Results Hydrocarbon
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64 Performance Results Transportati
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66 Performance Results Gas transpor
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68 Performance Results Gas Infrastr
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70 Performance Results Hydrocarbon
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72 Performance Results Gazprom, on
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74 Performance Results OAO Mezhregi
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76 Performance Results Major invest
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78 Performance Results European gas
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80 Performance Results In accordanc
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82 Performance Results Oil and gas
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84 Performance Results Sales of ref
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86 Innovations In 2014, the budget
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88 Innovations — produced a techn
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90 Innovations 14 meetings of coord
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92 Environment and Social Responsib
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100 Environment and Social Responsi
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110 Corporate Governance OAO Gazpro
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112 Corporate Governance Corporate
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114 Corporate Governance Summary of
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116 Corporate Governance Remunerati
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118 Corporate Governance In additio
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120 Corporate Governance Liability
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122 Corporate Governance Audit Comm
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124 Corporate Governance The intern
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126 Corporate Governance Efficient
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128 Corporate Governance Stock Mark
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130 Corporate Governance Dividend P
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132 Risk Management Gazprom has con
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134 Risk Management Customs, curren
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136 Glossary ADR of OAO Gazprom APG
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138 Corporate Governance Units of M
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140 Additional information List of
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142 Additional information 11. Adde
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144 Additional information 27. Bank
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146 Additional information 45. Adde
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148 Additional information 59. Trad
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150 Additional information 68. Trad
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152 Additional information 84. Cont
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154 Additional information 96. Volu
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156 Additional information Inclusio
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158 Additional information Improvem
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160 Additional information These ef
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162 Addresses and Contact Details F
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www.gazprom.com
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Gazprom-AR2014

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