Open Joint Stock Company Gazprom

OAO GAZPROMIAS CONSOLIDATED BALANCE SHEET(In millions of Russian Roubles in terms of the equivalent purchasing power of the Rouble at31 December 2001, except as noted)31 DecemberNotes 2000 1999ASSETSCurrent assets6 Cash and cash equivalents 17,235 18,3467 Marketable securities 17,794 9,0628 Accounts receivable and prepayments 315,228 313,7899 Inventories 70,335 61,4566 Other current assets 44,500 37,189465,092 439,842Long-term assets10 Property, plant and equipment 1,522,441 1,515,02311 Investments 85,462 81,98916 Deferred tax asset 116,501 –24 Other long-term assets 44,437 70,0311,768,841 1,667,0435 Total assets 2,233,933 2,106,885Liabilities and equityCurrent liabilities12 Accounts payable and accrued charges 101,250 90,03713 Taxes payable 136,029 192,01614 Short-term loans and current portion of long-term borrowings 201,358 151,23917 Provisions for liabilities and charges 10,352 8,035448,989 441,327Long-term liabilities15 Long-term borrowings 250,772 333,15616 Deferred tax – 124,35317 Provisions for liabilities and charges 29,629 44,38813 Restructured tax liabilities 10,519290,920 501,8975 Total liabilities 739,909 943,22423 Minority interest in subsidiaries 10,355 8,819Shareholders' equity18 Share capital 282,483 282,48318 Treasury shares (11,479) (7,568)18 Retained earnings and other reserves 1,212,665 879,9271,483,669 1,154,842Total liabilities and equity 2,233,933 2,106,885A.B. MillerI.N. BogatyrevaChairman of the Management Committee Chief Accountant28 June 2001 28 June 2001The accompanying notes are an integral part of these consolidated financial statements.F-4