MOL GROUP Annual Report

15 Other current assets16 Cash and cash equivalents2010 2009HUF millionHUF millionPrepaid and recoverable taxes and duties (excluding income taxes) 60,471 65,780Fair value of the option on MOL shares transferred to CEZ (see Note 17 and Note 34) 28,858 3,989Prepaid expenses and accrued income 13,055 9,354Security deposits 10,637 9,786Receivables from joint venture partners 7,697 4,522Advances paid 4,261 6,469Interest receivable 1,360 1,088Current portion of loans given 1,143 1,921Unsettled sales price on Crobenz divestiture payable by Lukoil 717 -Fair value of firm commitments as hedged item under commodity price transactions (see Note33 and Note 34)61 -Receivables from currency risk hedging derivatives as fair-value hedge (see Note 34) 29 1,097Net receivables from commodity price transactions (see Note 33 and Note 34) 21 146Receivables from foreign exchange forward transactions (see Note 33 and Note 34) 8 65Fair value of share swap (see Note 17 and Note 34) - 496Other 13,190 11,922Total 141,508 116,635Analysis of loans given2010 2009HUF millionHUF millionCurrent portion of loans given 1,473 4,963Provision for doubtful loans receivable (330) (3,042)Total 1,143 1,921Movements in the provision for doubtful loans receivable were as follows:2010 2009HUF millionHUF millionAt 1 January 3,042 343Additions - -Reversal - (20)Amounts written off - -Reclassification between short-term and long-term (2,712) 2,712Acquisition / (sale) of subsidiaries - 7Currency differences - -At 31 December 330 3,0422010 2009HUF millionHUF millionCash at bank – EUR 50,215 33,548Cash at bank - HRK 9,382 1,649Cash at bank – HUF 7,721 29,565Cash at bank – USD 5,758 8,724Cash at bank – CZK 4,711 1,731Cash at bank – RUB 2,126 592Cash at bank – PLN 1,537 1,951Cash at bank – other currencies 15,922 5,479Short-term bank deposits – EUR 143,984 71,865Short-term bank deposits – USD 31,409 2,345Short-term bank deposits – HUF 25,893 255Short-term bank deposits - RUB 7,561 1,860Short-term bank deposits – CZK 1,401 6,098Short-term bank deposits – PLN - 5,279Cash equivalents 1,076 1,892Cash on hand – HUF 1,072 947Cash on hand – other currencies 3,398 3,325Total 313,166 177,105In case of cash at bank (current accounts) and short term bank deposits in different currencies the usual ranges of interestrates were the following:2010 2009Current accountsEUR 0.100% - 0.707% 0.54%USD 0 - 0.076% 0.05%HUF 3.78% - 6.38% 5.12% - 10.58%Short-term bank depositsEUR 0.05% - 6.01% 0.01% - 6.7%USD 0.01% - 2.35% 0.01% - 3.0%HUF 4.25% - 7.00% 5.75% - 11.15%17 Share capitalAs of 31 December 2010, the issued share capital was HUF 104,519 million, consisting of 104,518,484 series “A”, one series “B”and 578 series “C” shares. As of 31 December 2009, the issued share capital is HUF 104,519 million, consisting of 104,518,484series “A”, one series “B” and 578 series “C” shares. Outstanding share capital as of 31 December 2010 and 2009 is HUF79,202 million and HUF 79,202 million, respectively.Ordinary shares of the series “A” have a par value of HUF 1,000 and ordinary shares of the series “C” have a par value of HUF1,001. Every “A” class share with a par value of HUF 1,000 each (i.e. one thousand forint) entitles the holder thereof to haveone vote and every “C” class share with a par value of 1,001 each (i.e. one thousand one forint) entitles the holder to have oneand one thousandth vote, with the following exceptions. Based on the Articles of Association, no shareholder or shareholdergroup may exercise more than 10% of the voting rights with the exception the organization(s) acting at the Company’srequest as depository or custodian for the Company’s shares or securities representing the Company’s shares.Notes to the financialstatementsSeries “B” share is a voting preference share with a par value of HUF 1,000 that entitles the holder thereof to preferential rightsas specified in the present Articles of Association. The “B” series share is owned by MNV Zrt., exercising ownership rights onbehalf of the Hungarian State. The “B” series share entitles its holder to one vote in accordance with its nominal value. Thesupporting vote of the holder of “B” series of share is required to adopt decisions in the following matters pursuant to Article12.4. of the Articles of Association: decision on amending the articles regarding the B series share, the definition of voting rightsand shareholder group, list of issues requiring supermajority at the general meeting as well as Article 12.4. itself.130 MOL Group annual report 2010 131