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)22 NET CASH PROVIDED BY OPERATING ACTIVITIESYear ended 31 December2000 1999Profit before profit tax 183,195 27,510Adjustments to net profit before profit taxDepreciation and depletion83,555 74,924Impairment provisions for investments, other long-term assets, property,plant and equipment and inventories 61,754 56,858Net unrealised foreign exchange losses 7,058 50,126Increase in provision for doubtful accounts 33,782 18,796Interest expense 33,897 21,051Discount recorded upon restructured taxes (17,932) –Loss on disposal of property, plant and equipment 12,360 12,559Monetary effects on non-operating balances (71,572) (103,933)Interest income (13,560) (15,411)Decrease in provisions for liabilities and charges (12,443) (9,235)Net decrease (increase) in long-term assets 10,801 (1,402)Total effect of adjustments 127,700 104,333Changes in working capital(Increase) decrease in accounts receivable and prepayments (38,694) 13,626(Increase) decrease in inventories (14,087) 9,921Decrease in other current assets 758 3,858Increase (decrease) in accounts payable and accrued charges, excludinginterest, dividends and capital construction 18,156 (15,136)Decrease in taxes payable (other than profit tax) (25,469) (8,429)(Increase) in marketable securities (2,591) (5,658)Non-cash additions to property, plant and equipment (56,565) (67,071)Non-cash additions to investments (6,723) (13,857)Total effect of working capital changes (125,214) (82,746)Profit tax paid (80,549) (28,582)Net cash provided by operating activities 105,131 20,515F-30