MOL Hungarian Oil and Gas Public Limited Company
MOL Hungarian Oil and Gas Public Limited Company
MOL Hungarian Oil and Gas Public Limited Company
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<strong>MOL</strong> <strong>Hungarian</strong> <strong>Oil</strong> <strong>and</strong> <strong>Gas</strong> <strong>Public</strong> <strong>Limited</strong> <strong>Company</strong>Supplementary Notes for the year ending on 31 December 2009<strong>Company</strong> is subject to the income tax, as it is a mining proposition doing hydrocarbon exploration activities, crudeoils product producer <strong>and</strong> crude oil product wholesale dealer with mining tax licensee. <strong>MOL</strong> Plc owns severallicensees <strong>and</strong> has activities out of the force of the income tax law, therefore the <strong>Company</strong> is entitled to split its taxbase between taxable (64.19 %) <strong>and</strong> non-taxable (35.81 %) activities based on its sales revenue defined by theCorporate income tax law.50. Material errors of the previous years <strong>and</strong> their impactHUF millionBalance SheetOriginalamountsofpreviousAdjustments of current yearFor yearsAdjustedamountsofpreviousyear 2004 2005 2006 2007 2008 Total yearNON-CURRENT ASSETS 1,766,645 8 (21) (285) (475) (420) (1,193) 1,765,452Intangible assets 73,363 19 (6) (6) (17) (11) (21) 73,342Property, plant <strong>and</strong> equipment 344,267 (11) (15) (279) (458) (411) (1,174) 343,093Non-current financial assets 1,349,015 0 0 0 0 2 2 1,349,017CURRENT ASSETS 793,591 34 1 12 39 (439) (353) 793,238Inventories 125,009 0 0 0 1 132 133 125,142Receivables 396,825 34 1 12 38 (571) (486) 396,339Securities 103,590 0 0 0 0 0 0 103,590Cash <strong>and</strong> cash equivalents 168,167 0 0 0 0 0 0 168,167PREPAYMENTS 35,079 0 0 11 (2) 1,040 1,049 36,128TOTAL ASSETS 2,595,315 42 (20) (262) (438) 181 (497) 2,594,818SHAREHOLDERS’ EQUITY 1,376,897 4 (49) (290) (367) (846) (1,548) 1,375,349Share capital 104,519 0 0 0 0 0 0 104,519Share premium 223,866 0 0 0 0 0 0 223,866Retained Earnings 1,140,817 0 0 0 0 0 0 1,140,817Tied-up reserve 130,702 0 0 0 0 0 0 130,702Fair valuation reserve 0 0 0 0 0 0 0 0Net income for the period (223,007) 4 (49) (290) (367) (846) (1,548) (224,555)PROVISIONS 123,576 0 0 0 0 (20) (20) 123,556LIABILITIES 1,052,439 38 29 28 (71) 626 650 1,053,089Long-term liabilities 711,442 0 0 0 (4) 0 (4) 711,438Short-term liabilities 340,997 38 29 28 (67) 626 654 341,651ACCRUALS 42,403 0 0 0 0 421 421 42,824TOTAL SHAREHOLDERS’EQUITY AND LIABILITIES 2,595,315 42 (20) (262) (438) 181 (497) 2,594,81884
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