MOL Hungarian Oil and Gas Public Limited Company

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MOL Hungarian Oil and Gas Public Limited CompanySupplementary Notes for the year ending on 31 December 2009MovementsNet book value as of 31December 2008Net book value as of 31December 2009Land andbuilding andrelated propertyrightsPlant,machineryand vehiclesOtherequipment,fixtures andvehiclesAssets underconstructionand relatedadvancesTotalproperty,plant andequipment201,581 96,529 8,817 37,340 344,267185,034 91,233 6,800 37,767 320,834Items marked with * contains impairment of field abandonment provision capitalised in the value of miningproperties, or rather the reverse of previous years’ impairment. Please see section 3.4.6 for further details.** Derecognized depreciation of assets given as in kind contribution to FGSZ Földgázszállító Zrt. and DunaiGőzfejlesztő Kft. was HUF 5,040 million.8. DepreciationDepreciationHUF millionDescriptionStraight-line Unit of production Lump sum Total amount2008 2009 2008 2009 2008 2009 2008 2009Capitalised research anddevelopment costs0 0 0 0 0 0 0 0Property rights 631 703 0 0 8 19 639 722Intellectual property 3,093 3,457 0 0 1 1 3,094 3,458Intangible assets 3,724 4,160 0 0 9 20 3,733 4,180Land and building andrelated property rights10,818 11,448 13,506 14,337 0 0 24,324 25,785Plant, machinery andvehicles23,441 21,850 2,212 2,299 7 9 25,660 24,158Other equipment, fixturesand vehicles3,273 2,798 0 0 321 134 3,594 2,932Property, plant andequipment37,532 36,096 15,718 16,636 328 143 53,578 52,875Total 41,256 40,256 15,718 16,636 337 163 57,311 57,05540
MOL Hungarian Oil and Gas Public Limited CompanySupplementary Notes for the year ending on 31 December 2009Extraordinary depreciation, impairment and reversalDescriptionCapitalised research anddevelopment costsImpairment basedon market valuationImpairment due toscrapping,damages andshortagesReversal ofimpairmentHUF millionTotal2008 2009 2008 2009 2008 2009 2008 20090 0 5 13 0 0 5 13Property rights 0 0 0 1 0 0 0 1Intellectual property 0 10 35 617 0 0 35 627Goodwill 0 3,612 0 0 0 0 0 3,612Intangible assets 0 3,622 40 631 0 0 40 4,253Land and building andrelated property rightsPlant, machinery andvehiclesOther equipment, fixturesand vehicles1,410 4,254 86 54 2,082 1,227 (586) 3,081139 38 205 1,174 0 41 344 1,1713 9 16 16 0 1 19 24Assets under construction 294 0 502 54 0 0 796 54Property, plant andequipment1,846 4,301 809 1,298 2,082 1,269 573 4,330Total 1,846 7,923 849 1,929 2,082 1,269 613 8,5839. Revision of estimated useful life of intangible assets and property, plant and equipmentDescriptionGross bookvalueDepreciation of 2009WithoutrevisionAs a result of therevisionProfit and losseffectHUF millionEffect on noncurrentassets’valueIntellectual property 16,150 1,046 772 274 274Intangible assets 16,150 1,046 772 274 274Land and building andrelated property rights4,122 225 178 47 47Plant, machinery andvehicles10,808 806 712 94 94Other equipment, fixturesand vehicles511 43 27 16 16Property, plant andequipment15,441 1,074 917 157 157Total 31,591 2,120 1,689 431 431(Please see: Depreciation policy, Section 3.4.3., remarks about the annual review of economic useful life.)41
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Our gearing ratio improved from 28.
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Refining & MarketingFinancial ratio
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compared to the base level, which w
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ensured its financial stability and
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Carrying amount2008 2009HUF million
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(4) Liability from swap agreementOn
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As result of the successful 750M EU
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accordance with the so-called GRI (
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Information on shareholders structu
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Exercise of the call options regard
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