Open Joint Stock Company Gazprom

OAO GAZPROMNOTES TO THE IAS CONSOLIDATED FINANCIAL STATEMENTS(In millions of Russian Roubles in terms of the equivalent purchasing power of the Rouble asof 31 December 2001)Production Refining Transport Distribution Other Total31 December 2001Segment assets 465,711 37,245 1,077,512 172,841 206,246 1,959,555Associated undertakings – 1,822 58,154 9,169 9,108 78,253Unallocated assets 211,168Inter-segment eliminations (106,885)Total assets 2,142,091Segment liabilities 17,358 19,812 21,938 116,736 41,267 217,111Unallocated liabilities 536,816Inter-segment eliminations (106,885)Total liabilities 647,042Capital expenditures for the period 61,586 5,359 67,143 96 15,261 149,445Depreciation 26,786 2,403 55,791 136 3,985 89,101Charges for impairment andprovisions 2,284 5,045 12,533 24,931 782 45,57531 December 2000Segment assets 466,165 19,783 1,082,630 228,429 234,763 2,031,770Associated undertakings 65,048 2,855 7,068 74,971Unallocated assets 236,037Inter-segment eliminations (108,300)Total assets 2,234,478Segment liabilities26,000 5,189 24,993 117,626 35,742 209,550Unallocated liabilities 638,659Inter-segment eliminations (108,300)Total liabilities 739,909Capital expenditures for the period 51,643 3,151 49,493 394 36,899 141,580Depreciation 24,745 2,140 53,910 120 3,573 84,488Charges for impairment andprovisions 13,070 13,541 19,098 35,338 1,737 82,784Year ended 31 December 2001Segment revenuesInter-segment sales 73,040 13,467 177,327 12,120 – 275,954External sales 1,744 64,838 15,832 508,021 28,890 619,325Total segment revenues 74,784 78,305 193,159 520,141 28,890 895,279Segment expensesInter-segment expenses (1,960) (11,929) (16,249) (245,816) – (275,954)External expenses (58,943) (60,315) (131.520) (147,952) (28,533) (427,263)Total segment expenses (60,903) (72,244) (147,769) (393,768) (28,533) (703,217)Segment result13,881 6,061 45,390 126,373 357 192,062Unallocated operating expenses (8,302)Operating profit 183,760F-57