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 asof 31 December 2001)31 DecemberNotes 2001 2000ASSETSCurrent assets6 Cash and cash equivalents 46,585 12,1216 Restricted cash 40,150 44,5377 Short-term investments 27,246 28,4878 Accounts receivable and prepayments 234,197 292,4339 Inventories 74,238 70,33514 Other current assets 29,196 4,683451,612 452,596Long-term assets10 Property, plant and equipment 1,548,823 1,522,4415,11,26 Investments in associated undertakings 78,253 74,97112 Other long-term investments 32,507 31,56217 Deferred tax assets 13,796 116,501Other long-term assets 17,100 36,4071,690,479 1,781,8825 Total assets 2,142,091 2,234,478LIABILITIES AND EQUITYCurrent liabilities13 Accounts payable and accrued charges 103,161 101,25014 Taxes payable 55,048 136,02915 Short-term borrowings and current portion of long-term borrowings 167,729 132,95415 Short-term promissory notes payable 61,154 68,40419 Provisions for liabilities and charges – 10,352387,092 448,989Long-term liabilities16 Long-term borrowings 206,231 243,42116 Long-term promissory notes payable 17,232 7,35114 Restructured tax liabilities 19,073 10,51919 Provisions for liabilities and charges 17,414 29,6295Total liabilities259,950 290,920647,042 739,90925 Minority interest 15,104 10,355Shareholders' equity20 Share capital 282,483 282,48320 Treasury shares (18,131) (11,479)20 Retained earnings and other reserves 1,215,593 1,213,210Total shareholders' equity 1,479,945 1,484,214Total liabilities and equity 2,142,091 2,234,478A.B. MillerE.A. VasilievaChairman of the Management CommitteeChief Accountant26 June 2002 26 June 2002The accompanying notes are an integral part of these consolidated financial statements.F-43