With independent auditor’s report

Disposal of service companies (2019)
In accordance with the Decree of the President of Republic of Uzbekistan No. 4388 from 9 July 2019, in 2019
the Group transferred its participation share in service companies (drilling, construction and installation,
transport companies) to the State Asset Management Agency.
Main categories of assets and liabilities of these entities as of the date of disposal are presented below:
Assets and
liabilities as of
the date of
disposal
Assets
Trade receivables
1,611
Inventory
599
Property, plant and equipment
1,515
Other assets
724
Total assets
4,449
Liabilities
Trade and other payables
2,612
Other liabilities
814
Total liabilities
3,426
Net assets
1,023
The difference between assets and liabilities of the disposed entities in the amount of UZS 1,023 billion was
recognized in equity
(Note 22 
−
 “Reduction of share capital”)
.
Discontinued operation (Loss of control over “Uztransgaz” JSC) (2018)
In 2018 “Uztransgaz” JSC increased its share capital through the placement of additional 40,566,804 ordinary
shares. On 27 December 2018 shares of this issue were purchased by private subscription by the “State
Committee of the Republic of Uzbekistan on privatized enterprises and development of competition”. As a
result of this transaction share of the Group decreased to 47.8% that led to the loss of
control by the Group over “Uztransgaz” JSC. The Group derecognized respective assets and liabilities as of
27 December 2018, and presented financial results of “Uztransgaz” JSC as discontinued operation in the
consolidated statement of profit or loss.

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