MOL GROUP Annual Report

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Warsaw Stock ExchangeGiełda Papierów Wartosciowych w Warszawie S.A.4 Ksiazeca Street 00-498, Warsaw PolandPhone: (+4822) 628 32 32Fax: (+4822) 628 17 54E-mail: gpw@gpw.plDR InformationThe Bank of New York MellonSlawek Soltowski, Vice President101 Barclay Street, 22 West New York, NY 10286 USAPhone: 00 1 212 815 3503Fax: 00 1 212 571 3050Email: slawek.soltowski@bnymellon.comAnnouncementsThe company publishes its announcements in MOL’s website: www.mol.huand in Budapest Stock Exchange’s website: www.bet.huInvestor RelationsH-1117 Budapest, Október huszonharmadika u. 18.Phone: (+36-1) 464-1395Fax: (+36-1) 464-1335E-mail: investorrelations@mol.huInvestor Relations DirectorRichárd BenkeE-mail: rbenke@mol.huContact InformationCorporate AddressMOL Hungarian Oil and Gas Plc. (MOL Plc.)H-1117 Budapest, Október huszonharmadika u. 18.H-1502 Budapest, Pf.: 22Phone: (+36-1) 209-0000, 209-1010, 209-2020Share RegistrarKELER Zrt.H-1075 Budapest, Asbóth u. 9-11.Phone: (+36-1) 483-6251, (+36-1) 483-6289Stock Exchange Trading InformationBudapest Stock ExchangeH-1062, Budapest, Andrássy út 93.Phone: (+36-1) 429-6857Fax: (+36-1) 429-6899E-mail: info@bse.huProfessional SecretaryRita PalicskaE-mail: rpalicska@mol.huAnalyst and shareholder contactsÁdám HorváthE-mail: adhorvath@mol.huGábor HorváthE-mail: gabhorvath@mol.huAttila CzafitE-mail: aczafit@mol.huSmall shareholder and custody contactZoltán FogarasiE-mail: zfogarasi@mol.huSustainable DevelopmentPál KapusyE-mail: sd@mol.huImprintExecutive publisher: Dóra Somlyai, Richárd Benke, Pál KapusyManaging editor: Attila Czafit, Rita Palicska, Gábor HarasztiDesign: Virág SimonPublisher: Hamu és Gyémánt KiadóContact Information254 MOL Group annual report 2010 255
Statementresponsibilityofundersigned, authorized representatives of MOL Hungarian Oil and Gas Public Limited Company (MOL plc.)the issuer of MOL ordinary shares, hereby declare that MOL Plc. takes full responsibility for the announcedAnnual Report of MOL Group for the year ended on 31 December 2010, which has been prepared to thebest of our knowledge in accordance with International Financial Reporting Standards as endorsed by theEuropean union, and give a true and fair view of the assets, liabilities, financial position, and profit of MOLPlc. and its subsidiaries and presents a fair review of the position, development and performance of MOL Plc.and its subsidiaries together with a description of principal risks and uncertainties.Budapest, 29 April 2011György MosonyiGroup Chief Executive OfficerJózsef MolnárExecutive Vice Presidentof FinanceContact Information256 MOL GROUP AnnUAL REPORT 2010 257
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MOL GROuP ANNuAL REPORT 2010MOL GRO
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Key financial and operating dataKey
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Overview of the environmentWorld ec
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Exploration and ProductionHIGHLIGHT
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OTHER RESuLTSSustainable developmen
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upstreaPortfolio EleentsRuSSIASPE 2
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ize MOL and INA sales channels in C
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PetrochemicalsPetrochemicalsPetroch
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Downstream portfolioelementsDomesti
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The most important events of 2010Th
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Gas and PowerGas and PowerThe Gas a
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Financial and Operational Performan
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1.) We have audited the accompanyin
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Moderating growth in world economy,
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Higher personal expenses due to ful
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Unit OPEX slightly increasedStronge
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…and in SPE P1 reserves2010 was t
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In Slovakia sales volumes recovered
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has been granted an IPPC and a Buil
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Refining & MarketingCAPEX down by 5
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INDEPENDENT AuDITOR’S REPORTMOL H
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Consolidated balance sheet31 Decemb
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Consolidated cash flow statement31
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Joint venturesA joint venture is a
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vi) HedgingFor the purpose of hedge
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off. Upon determination of economic
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At each balance sheet date, the Com
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IAS 1 Presentation of Financial Sta
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Exploration costsTransfers from exp
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6 Subsidiaries and jointly controll
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The purchase price allocation for t
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10 Investments in associated compan
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15 Other current assets16 Cash and
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Changes in the number of ordinary,
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The following table summarises the
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28 Financial (income) / expense30 I
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The Group may use cross currency sw
Page 77 and 78: Capital managementThe primary objec
Page 79 and 80: Operating leasesOperating lease lia
Page 81 and 82: 37 Notes to the consolidated statem
Page 83 and 84: Historical SummaryHistorical Summar
Page 85 and 86: Gross reserves (according to SPE ru
Page 87 and 88: Petrochmical production (kt) 2005 2
Page 89 and 90: InterviewwithGyörgy MosonyiThe str
Page 91 and 92: Objective Result Fulfillment of the
Page 93 and 94: effluents. We found that the persis
Page 95 and 96: The main programme elements are Ext
Page 97 and 98: Employee engagementWe conduct a Gro
Page 99 and 100: Ethical notifications received and
Page 101 and 102: 4 Sustainability data (Performance
Page 103 and 104: 5 Notes on Non-Financial Reporting5
Page 105 and 106: 6 Assurance statements6.1 Independe
Page 107 and 108: CorporateCorporate GovernanceCorpor
Page 109 and 110: The Board of Directors prepares a f
Page 111 and 112: The chairman of the Supervisory Boa
Page 113 and 114: The main role of Financial Risk Man
Page 115 and 116: 7.10.11.8.9.7. Mr. József Molnár
Page 117 and 118: 6. Mr. József Simola (44)Corporate
Page 119 and 120: 7.Mr. József Kohán (59)Member of
Page 121 and 122: Ownership Structure31.12.2009 31.12
Page 123 and 124: GlossaryAverage production costTota
Page 125 and 126: Putting into productionAccomplishme
Page 127: Content tableTopic of interestCover
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MOL GROUP Annual Report

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