Consolidated Balance sheet derived from the consolidated financial statements – year ended 31 December 2003
(in millions of Russian roubles, unless otherwise stated)
Assets |
31 December 2003 |
31 December 2002 |
Non-current assets |
|
|
Intangible assets |
535 |
510 |
Property, plant and equipment, net |
261.185 |
225.74 |
Available-for sale investments |
1.198 |
1.380 |
Total non-current assets |
262.918 |
227.064 |
Current assets |
|
|
Inventories, net |
7.515 |
6.051 |
Receivables and prepayments, net |
6.842 |
2.394 |
VAT assets |
19.501 |
15.686 |
Prepaid profit tax |
3.234 |
700 |
Available-for-sale short-term investments |
890 |
- |
Cash and cash equivalents |
17.219 |
13.472 |
Total current assets |
55.201 |
38.303 |
Total assets |
318.119 |
265.367 |
Shareholders’ Equity, Minority interests and liabilities |
|
|
Shareholders’ equity |
|
|
Share capital |
307 |
307 |
Retained earnings |
228.719 |
200.803 |
Total shareholders’ equity |
229.026 |
201.110 |
Minority interests |
10.014 |
8.573 |
Non-current liabilities |
|
|
Borrowings |
15.952 |
3.485 |
Deferred taxes |
28.694 |
28.019 |
Provisions for liabilities and charges |
5.195 |
2.907 |
Total non-current liabilities |
49.841 |
34.411 |
Current liabilities |
|
|
Trade and other payables |
26.236 |
11.968 |
Profit tax liabilities |
570 |
321 |
Borrowings |
2.432 |
8.984 |
Total current liabilities |
29.238 |
21.273 |
Total liabilities |
79.079 |
55.684 |
Total shareholders’ equity, minority Interests and liabilities |
318.119 |
265.367
|
Unit 6 Production and Costs
Lead-in
Fill in the spidergram with the words associated with Taxation and Audit
Discuss the following questions:
1. What types of costs do you know?
2. Who manages production costs at enterprises?
3. How production costs affect the final cost of the goods?
4. How to reduce production costs?
5. Which production costs prevail in petroleum industry?