JSC “Uzbekneftegaz”
Consolidated financial statements
CONTENTS
Independent auditor’s report
Consolidated financial statements
Consolidated statement of financial position ..................................................................................................1
Consolidated statement of profit or loss .........................................................................................................2
Consolidated statement of other comprehensive income ...............................................................................3
Consolidated statement of cash flows ...........................................................................................................4
Consolidated statement of changes in shareholders’ equity ...........................................................................5
Notes to the consolidated financial statements
1.
General information .............................................................................................................................6
2.
Basis of preparation ............................................................................................................................7
3.
Significant accounting policies .............................................................................................................9
4.
Critical estimates and judgements ..................................................................................................... 22
5.
Adoption of new or revised standards and interpretations and new accounting pronouncements ....... 25
6.
Discontinued operation and assets classified as held for distribution to the shareholder ..................... 27
7.
Segment information ......................................................................................................................... 31
8.
Related party transactions ................................................................................................................. 33
9.
Cash and cash equivalents ............................................................................................................... 35
10.
Restricted cash ................................................................................................................................. 35
11.
Trade receivables.............................................................................................................................. 35
12.
Inventories ........................................................................................................................................ 36
13.
Loans due from related parties .......................................................................................................... 36
14.
Other current assets .......................................................................................................................... 36
15.
Property, plant and equipment ........................................................................................................... 37
16.
Exploration and evaluation assets ..................................................................................................... 38
17.
Investments in joint-ventures and associates ..................................................................................... 38
18.
Trade and other payables.................................................................................................................. 40
19.
Borrowings ........................................................................................................................................ 41
20.
Provisions ......................................................................................................................................... 44
21.
Shareholders’ equity ......................................................................................................................... 45
22.
Oil, gas, petroleum products and petrochemicals sales...................................................................... 47
23.
Cost
of purchased oil, gas, petroleum products and other materials ................................................... 47
24.
Production expenses ......................................................................................................................... 47
25.
Taxes other than income tax ............................................................................................................. 47
26.
General and administrative expenses ................................................................................................ 48
27.
Transportation and selling expenses ................................................................................................. 48
28.
Finance income and finance costs ..................................................................................................... 48
29.
Income taxes .................................................................................................................................... 48
30.
Financial risk management ................................................................................................................ 51
31.
Contingencies, commitments and operating risks .............................................................................. 55
32.
Subsequent events ........................................................................................................................... 56
