Slavneft reports balance sheet figures for first half of 2002

The volume of foreign currency in the balance sheet of Slavneft, aRussian-Belarus oil company, increased 34.8 percent to RUR101.558bn (around$3.22bn) in the first half of this year, according to the company's report.The company's current assets rose 17.5 percent to RUR43.56bn (around$1.38bn) in January-June 2002, while its long-term receivables dropped 19.7percent to RUR241m (around $7.65m). The company's short-term receivablesdecreased 28.7 percent in the same period and totaled RUR13.61bn (around$432.06m), while its liabilities fell 24.5 percent to RUR14.447bn (around$458.6m) as of July 1, 2002. The authorized capital of Slavneft isRUR4.754m (around $150,920) and is divided into 4,754,238,000 common shareswith a nominal value of RUR0.001. The company has 140,097,000 outstandingshares with a nominal value of RUR0.001. Among the shareholders of thecompany are the Russian Property Ministry - 55.27 percent, the RussianFederal Property Fund - 19.68, the Depository and Clearing Company - 12.98percent and the Ministry of State Property of Belarus - 10.83 percent. .

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