FY 2012 - Investor Relations - NIS

Oil and gas production assetsTotal - asset underconstruction (exploration anddevelopment expenditure)Production assetsOther business and corporateassetsAt 1 January 2011Cost 2,133,743 43,991,660 129,620 46,255,023Accumulated depreciation and impairment (128,385) (15,282,939) (109,917) (15,521,241)Net book amount 2,005,358 28,708,721 19,703 30,733,782Year ended 31 December 2011Opening net book amount 2,005,358 28,708,721 19,703 30,733,782Additions 7,977,117 - - 7,977,117Transfer from assets other than O&G - 74,037 - 74,037Transfer from asset under construction (4,628,094) 4,627,567 527 -Other transfers 44,225 522,252 (1,125) 565,352Impairment (181,455) (17,054) (4,501) (203,010)Depreciation - (2,846,292) (360) (2,846,652)Transfer to investment property - (308) - (308)Adjustment of assets value for estimated costs of the restoration of naturalresources (note 19)- (1,035,326) - (1,035,326)Disposals (4,680) (115,445) 811 (119,314)Closing net book amount 5,212,471 29,918,152 15,055 35,145,678At 31 December 2011Cost 5,512,468 48,205,627 129,810 53,847,905Accumulated depreciation and impairment (299,997) (18,287,475) (114,755) (18,702,227)Net book amount 5,212,471 29,918,152 15,055 35,145,678Year ended 31 December 2012Opening net book amount 5,212,471 29,918,152 15,055 35,145,678Additions 10,990,790 - - 10,990,790Transfer from assets other than O&G 676,646 - - 676,646Transfer to subsidiaries - (5,524,735) (12,149) (5,536,884)Transfer from asset under construction (6,070,889) 6,070,889 - -Other transfers 28,953 130,684 (510) 159,127Impairment (6,702) (73,796) - (80,498)Depreciation - (2,401,543) (360) (2,401,903)Disposals (733,701) (2,470) - (736,171)Closing net book amount 10,097,568 28,117,181 2,036 38,216,785At 31 December 2012Cost 10,401,782 42,567,439 112,666 53,081,887Accumulated depreciation and impairment (304,214) (14,450,258) (110,630) (14,865,102)Net book amount 10,097,568 28,117,181 2,036 38,216,785Oil and gas production assets comprise aggregated exploration and evaluation assets and developmentexpenditures associated with the production of proved reserves (note 2.6.).Total194 • FINANCIAL STATEMENTS Annual report for 2012Annual report for 2012FINANCIAL STATEMENTS • 195