FY 2012 - Investor Relations - NIS

37. GROUP ENTITIESThe financial statements of below listed subsidiaries are consolidated as at 31 December 2012:SubsidiaryCountry ofincorporation31 December2012Share %31 December2011О Zone а.d. Belgrade Serbia 100 100NIS Petrol d.o.o., Banja LukaBosnia andHerzegovina100 100NIS Petrol e.o.o.d., Sofija Bulgaria 100 100NIS Petrol SRL, Bucharest Romania 100 100Pannon naftagas Kft, Budapest Hungary 100 100NIS Оversiz, Moscow Russia 100 100Naftagas-naftni servisi d.o.o., Novi Sad Serbia 100 100NTC NIS-Naftagas d.o.o., Novi Sad Serbia 100 100Naftagas-tehnicki servisi d.o.o., Zrenjanin Serbia 100 100Naftagas-Transport d.o.o., Novi Sad Serbia 100 100Jadran - Naftagas d.o.o., Banja LukaBosnia andHerzegovina66 66Ranis, Moscow region Russia 51 51Jubos, Bor Serbia 51 51Svetlost, Bujanovac, Serbia Serbia 51 51In 2012, the Parent established following companies:• Naftagas-Naftni servisi d.o.o., Novi Sad. As at 31 December 2012 the total registered equity of the new companyamounts to RSD 3,579,983 (non-cash contribution RSD 3,579,930).• NTC NIS-Naftagas d.o.o., Novi Sad. As at 31 December 2012 the total registered equity of the new companyamounts to RSD 321,500 (non-cash contribution RSD 321,447).• Naftagas-Tehnicki servisi d.o.o., Zrenjanin. As at 31 December 2012 the total registered equity of the newcompany amounts to RSD 1,044,554 (non-cash contribution RSD 1,044,501).• Naftagas-Transport d.o.o., Novi Sad. As at 31 December 2012 the total registered equity of the new companyamounts to RSD 327,751 (non-cash contribution RSD 327,695).38. BALANCES AND TRANSACTIONS WITH RELATED PARTIESThe majority owner of the Group is Gazprom Neft, St Petersburg, Russian Federation, with 56.15% shares of the Parent.The total of 29.87% shares of the Parent (from the remaining 43.85%) are owned by the Republic of Serbia, while13.98% are owned by non-controling shareholders and are quoted on the Belgrade Stock Exchange. Gazprom, RussianFederation is the ultimate owner of the Group.During 2012 and 2011, the Group entered into business transactions with its related parties. The most significanttransactions with related parties in the mentioned periods related to the supply/delivery of crude oil, geophysicalresearch and interpretation services.As of 31 December 2012 and 31 December 2011 the outstanding balances with related parties were as follows:As at 31 December 2012Gazprom Neft Other related parties TotalInventories - 22,174,560 22,174,560Trade and other receivables - 4,960 4,960VAT and prepaid expenses - 20 20Other long-term liabilities (50,247,622) - (50,247,622)Short-term financial liabilities (5,289,222) - (5,289,222)Trade and other payables - (25,475,054) (25,475,054)Other short-term liabilities (115,203) - (115,203)As at 31 December 2011(55,652,047) (3,295,514) (58,947,561)Inventories - 17,299,127 17,299,127Trade and other receivables - 3,717 3,717Other long-term liabilities (47,611,714) - (47,611,714)Short-term financial liabilities (1,133,612) - (1,133,612)Trade and other payables - (18,121,839) (18,121,839)Other short-term liabilities (142,620) - (142,620)(48,887,946) (818,995) (49,706,941)302 • FINANCIAL STATEMENTS Annual report for 2012Annual report for 2012FINANCIAL STATEMENTS • 303