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)23 PRINCIPAL SUBSIDIARY UNDERTAKINGSSubsidiary undertakings, 100% ownedAstrakhangazprom Gazexport PermtransgazBashtransgaz Gazsviaz SamaratransgazBurgaz Zarubezhgaz Erdgashandel GmbH (ZGG) SevergazpromVNIIgaz Informgaz ServicegazpromVolgogradtransgaz IRTs Gazprom Liquified gasVolgotransgaz Kavkaztransgaz SurgutgazpromGazkomplektimpex Kaspygazprom TattransgazGaznadzor Kubangazprom TomsktransgazGazobezopasnost Lentransgaz TyumenNllgiprogazGazpromavia Mezhregiongaz TyumentransgazGazprominvestholding Mostransgaz UraltransgazGazprom-Media Nadymgazprom UrengoygazpromGazprom Finance B.V. Nadymstroygazdobytcha UlianovskgazserviceGaztorgpromstroy Novourengoysky GCC YugtransgazGazflot Noyabrskgazdobycha YamalgazinvestGaztund Orenburggazprom YamburggazdobychaAll of these subsidiaries are incorporated in the Russian Federation, with the exception ofGazprom Finance B.V. and ZGG, which are incorporated in the Netherlands and Germany, respectively.Gazprom Finance B.V. was established in February 1999 for the purpose of obtaining financing for theGroup outside Russia. ZGG acts as the holding company for the Group's interests in a number of gasdistribution, storage and transportation companies operating in Central Europe. Other companies aremainly involved in production, transportation and sale of gas.Other subsidiary undertakingsPercent of share capitalheld at 31 December2000 1999Gazavtomatika 51 51Gazenergoservice 51 51Gazprombank 97 93Gazsibcontract 51 51Kostromatrubinvest 99 94Lebedinsky GOK 57 57National Reserve Bank 40 40Spetsgazavtotrans 51 51Volgogradneftemash 51 51Vostokgazprom 63 70Zapsibgazprom 34 51The Group's interest in the equity capital of National Reserve Bank is 40.2% and in OAOZapsibgazprom is 33.9%. However, as the principal shareholder, the Group continues to exerciseeffective control over the activities of the above companies and they are still considered as subsidiaries.F-31