Open Joint Stock Company Gazprom

OAO GAZPROMNOTES TO THE IAS CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(In millions of Russian Roubles in terms of the equivalent purchasing power of the Rouble at31 December 2001, except as noted)8 ACCOUNTS RECEIVABLE AND PREPAYMENTS31 December2000 1999Trade receivables (net of a provision for doubtful accounts of RR 83,021 andRR 72,460 at 31 December 2000 and 1999, respectively) 205,132 220,702Prepayments and advances paid (net of a provision for doubtful accounts ofRR 6,421 and RR 8,246 at 31 December 2000 and 1999, respectively) 33,260 23,875Other receivables (net of a provision for doubtful accounts of RR 30,473 andRR 28,022 at 31 December 2000 and 1999, respectively) 76,836 69,212315,228 313,789Substantially all trade receivables are currently receivable in accordance with their contractualterms and, accordingly, are classified as current assets. Management has considered the likelihood ofcollection of receivables beyond 2001 when determining the amount of the provision for doubtfulaccounts.RR 94,446 and RR 108,072 of trade receivables are denominated in hard currency, mainly UnitedStates ("US") dollars, at 31 December 2000 and 1999, respectively.Other receivables include RR 26,614 and RR 34,262 of receivables relating to the operations ofGazprombank and National Reserve Bank (see Note 23) at 31 December 2000 and 1999, respectively.These balances mainly represent loans issued to other banks and customers at commercial ratesranging from 4.7% to 23.6% per annum at 31 December 2000 and 3% to 40% per annum at 31December 1999.9 INVENTORIES31 December2000 1999NoteMaterials and supplies 34,972 29,39820 Gas (in pipelines and storage) 29,699 25,142Goods for resale 4,014 4,251Other 1,650 2,66570,335 61,456Inventories are presented net of a provision for obsolescence of RR 14,339 and RR 9,790 at 31December 2000 and 1999, respectively.Goods for resale are stated at their net realisable value at 31 December 2000 and 1999,respectively.F-18