With independent auditor’s report

Total cost of purchased oil, gas, petroleum products and other
materials
4,435
6,696
7,456
24. 
Production expenses
In billions of Uzbek soums
2020
2019
2018
Payroll
1,167
1,500
1,561
Services
520
471
348
Utilities
559
472
186
Repair and maintenance
471
409
235
Transportation costs
1
90
170
Other
135
233
297
Total production expenses
2,853
3,175
2,797
25. 
Taxes other than income tax
In billions of Uzbek soums
2020
2019
2018
Subsoil tax
1,593
1,581
912
Property tax
108
141
1,011
Excise tax
91
67
603
Value added tax
12
143
1,316
Contributions to non-budget funds
−
92
248
Other taxes
167
145
173
Total taxes other than income tax
1,971
2,169
4,263

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JSC “Uzbekneftegaz”
Consolidated financial statements
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
48
26. 
General and administrative expenses
In billions of Uzbek soums
2020
2019
2018
Payroll
335
243
149
Charitable donations and sponsorship
150
2
127
Consulting services
122
119
5
Repair and maintenance
95
21
81
Materials and supplies
38
6
8
Other
251
257
30
Total transportation and selling expenses
991
648
400
27. 
Transportation and selling expenses
In billions of Uzbek soums
2020
2019
2018
Payroll
542
504
454
Services
374
155
113
Transportation
202
453
345
Other
103
112
82
Total transportation and selling expenses
1,221
1,224
994
28. 
Finance income and finance costs
Finance income
Finance income mainly comprises of interest accrued on loans due from related parties (
Note 8
) and other
finance income.
Finance costs
In billions of Uzbek soums
2020
2019
2018
Interest expenses
324
833
843
Loss on initial recognition of financial assets
159
−
−
Unwinding of discount on borrowings
95
367
615
Total interest expense
578
1,200
1,458
Provision: unwinding of discount of asset retirement obligations
(Note 20)
103
131
106
Provision: interest cost on employee benefit obligations
(Note 20)
105
127
149
Other
42
9
35
Total finance costs
828
1,467
1,748
29. 
Income tax
The major components of income tax expense for the years ended 31 December are:
In billions of Uzbek soums
2020
2019
2018
Current tax charge
562
596
904
Deferred tax charge
438
179
704
Income tax expense reported in the consolidated statement of
profit or loss
1,000
775
1,608
The Group measures and records its current income tax payable and its tax bases in its assets and liabilities
in accordance with the tax regulations of the Republic of Uzbekistan may differ from IFRS.
The Group is subject to certain permanent tax differences due to the non-tax deductibility of certain expenses
and certain income being treated as non-taxable for tax purposes.
Deferred taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and
liabilities for financial reporting purposes and the amounts used for tax purposes. Temporary differences as at
31 December 2020, 2019 and 2018 relate mostly to different methods/timing of income and expense
recognition as well as to temporary differences generated by tax-book bases’ differences for certain assets.

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JSC “Uzbekneftegaz”
Consolidated financial statements
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
49
29. 
Income tax (continued)
A reconciliation of income tax expenses applicable to profit before income tax at the statutory income tax rate
(15% in 2020, 12% in 2019 and 14% in 2018) to income tax expenses was as follows for the years ended
31 December:
In billions of Uzbek soums
2020
2019
2018
Profit/(loss) before income tax from continuing operations
5,704
1,364
(186)
Profit/(loss) before income tax from discontinued operations
−
−
(1,562)
Statutory tax rate
15%
12%
14%
Theoretical income tax expense/(benefit) at the statutory rate