LUKoil reports 2001 results

According to the Russian accounting standards, LUKoil's consolidated currency of the company's balance was 477.984bn rubles ($15.37bn) on December 31, 2001 compared to 338.139bn rubles ($10.91bn) on January 1, 2001, the press service of the company reported to RBC. The company's current assets advanced from 151.632bn rubles ($4.89bn) on January 1, 2001 to 189.742bn rubles ($6.1bn) on December 31, 2001. Non-current assets jumped from 186.507bn rubles ($6.02bn) to 288.242bn rubles ($9.27bn).

Financial investments gained from 32.214bn rubles ($1.04bn) to 45.106bn rubles ($1.45bn). Capital assets grew from 90.763bn rubles ($2.93bn) to 131.824bn rubles ($4.24bn).

The board of directors of LUKoil will recommend a shareholder meeting, which is to take place on June 27, 2002, to adopt these figures.

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