FY 2012 - Investor Relations - NIS

Oil and gas production assetsTotal - asset underconstruction (exploration anddevelopment expenditure)Production assets Other bussines and corporate assets TotalAs at 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 8,241,325 - - 8,241,325Transfer from assets other than O&G - 74,037 - 74,037Transfer from asset under construction (4,628,094) 4,627,567 527 -Other transfers 44,225 525,193 (1,128) 568,290Impairment charge (181,455) (18,342) (4,501) (204,298)Depreciation (709) (2,846,435) (360) (2,847,504)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 (4,702) (114,470) 814 (118,358)Closing net book amount 5,475,948 29,920,637 15,055 35,411,640As at 31 December 2011Cost 5,776,676 48,208,255 129,810 54,114,741Accumulated depreciation and impairment (300,728) (18,287,618) (114,755) (18,703,101)Net book amount 5,475,948 29,920,637 15,055 35,411,640Year ended 31 December 2012Opening net book amount 5,475,948 29,920,637 15,055 35,411,640Additions 11,864,273 252 - 11,864,525Transfer from assets other than O&G 794,081 - - 794,081Transfer from asset under construction (6,082,728) 6,082,728 - -Other transfers 28,952 (216,715) (1,374) (189,137)Impairment charge (6,702) (82,066) (9) (88,777)Depreciation (3,161) (2,792,982) (360) (2,796,503)Disposals (733,702) (2,499) - (736,201)Translation reserves 24,837 249 - 25,086Closing net book amount 11,361,798 32,909,604 13,312 44,284,714As at 31 December 2012Cost 11,669,985 53,371,094 123,953 65,165,032Accumulated depreciation and impairment (308,187) (20,461,490) (110,641) (20,880,318)Net book amount 11,361,798 32,909,604 13,312 44,284,714Oil and gas production assets comprise aggregated exploration and evaluation assets and development expendituresassociated with the production of proved reserves (note 2.9.).274 • FINANCIAL STATEMENTS Annual report for 2012Annual report for 2012FINANCIAL STATEMENTS • 275