OJSC Oil Company Rosneft Consolidated Financial Statements

OJSC Oil Company Rosneft
Consolidated Statements of Changes in Shareholders' Equity
for the years ended December 31, 2008, 2007 and 2006
(in millions of US dollars, except share amounts)
Number
of shares
(millions)
Common
stock
Additional
paid-in
capital
Treasury
shares
Accumulated
other
comprehensive
loss
Retained
earnings
Shareholders’
equity
Balance at December 31, 2005 9,092 20 19 – – 7,394 7,433
Net and comprehensive
income for the year – – – – – 3,533 3,533
Ordinary shares issued during
Initial Public Offering 285 – 2,115 – – – 2,115
Ordinary shares issued
during Share Swap 1,221 – 9,218 – – – 9,218
Dividends declared
on common stock – – – – – (424) (424)
Balance at December 31, 2006 10,598 20 11,352 – – 10,503 21,875
Net and comprehensive
income for the year – – – – – 12,862 12,862
Purchase of shares (1,000) – – (7,521) – – (7,521)
Recognition of the financial
effect of a transaction with
a related party under common
control (Note 17) – – 1,745 – – – 1,745
Dividends declared on common
stock and other distributions
to shareholders – – (22) – – (499) (521)
Balance at December 31, 2007 9,598 20 13,075 (7,521) – 22,866 28,440
Net and comprehensive
income for the year – – – – – 11,120 11,120
Recognition of the financial
effect of a transaction with
a related party under common
control ( Note 17) – – 33 – – – 33
Unrealized loss on available-forsale
securities – – – – (40) – (40)
Dividends declared
on common stock – – – – – (650) (650)
Balance at December 31, 2008 9,598 20 13,108 (7,521) (40) 33,336 38,903
The accompanying notes to the consolidated financial statements are an integral part of these statements.
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