With independent auditor’s report

2020
2019
2018
Government
and entities
under
government
control*
Associates
and joint
ventures
Government
and entities
under
government
control*
Associates
and joint
ventures
Government
and entities
under
government
control*
Associates
and joint
ventures
Sales of gas and gas
products
8,238
438
6,334
584
3,714
738
Sales of refined oil
products
1,567
−
1,735
−
1,852
29
Services rendered
−
286
−
127
−
139
Interest on loans due from
related parties
7
362
2
206
−
165
Interest on loans due to
related parties
(123)
−
(584)
−
(489)
−
Transportation and selling
expenses
(80)
1
(141)
−
(899)
(615)
Purchase of inventory
−
(105)
−
−
(2)
(45)
Other operating income
7
340
3
2
−
47
*
In 2020 and 2019 all Group’s transactions with JSC “Uztransgaz” were presented as transactions with entities under government
control.
Key management compensation
Key management personnel include members of the Board of Directors and members of the Management
Board. All of the Group’s key management are appointed by the President of the Republic of Uzbekistan.
Compensation of key management personnel (6 employees in 2020, 8 employees in 2019 and 8 employees
in 2018), including basic salary, bonuses and other payments, amounted to UZS 5,359 million,
UZS 2,575 million and UZS 1,635 million in 2020, 2019 and 2018, respectively.

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JSC “Uzbekneftegaz”
Consolidated financial statements
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
35
9. 
Cash and cash equivalents
As at 31 December
In billions of Uzbek soums
2020
2019
2018
Current accounts with banks
−
US dollars
2,129
287
210
Current accounts with banks
−
UZS
354
509
1,193
Current accounts with banks
−
other currencies
43
33
12
Cash on hand
8
−
14
Total cash and cash equivalents
2,534
829
1,429
10. 
Restricted cash
At 31 December 2020, 2019 and 2018 years, restricted cash was mainly represented by accounts held by the
Group as collateral for letters of credit.
11. 
Trade receivables
As at 31 December
In billions of Uzbek soums
2020
2019
2018
Long-term trade receivables
81
861
683
Short-term trade receivables
3,979
2,347
3,050
Less: provision for expected credit losses
(991)
(893)
(212)
Trade accounts receivable
3,069
2,315
3,521
Trade receivables are mainly represented by receivables from sales of oil products and natural gas sold to
customers of the Group.
As at 31 December 2020, 2019 and 2018 trade receivables were non-interest bearing.
Movements in the provision for expected credit losses of trade accounts receivable were as follows:
In billions of Uzbek soums