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OJSC Oil Company Rosneft Consolidated Financial Statements

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<strong>OJSC</strong> <strong>Oil</strong> <strong>Company</strong> <strong>Rosneft</strong><br />

Notes to <strong>Consolidated</strong> <strong>Financial</strong> <strong>Statements</strong> (continued)<br />

Supplementary <strong>Oil</strong> and Gas Disclosure (unaudited) (continued)<br />

Standardized Measure of Discounted Future Net Cash Flows and Changes therein Relating to<br />

Proved <strong>Oil</strong> and Gas Reserves (continued)<br />

The <strong>Company</strong>’s share in the discounted value of future cash flows related to the oil and gas reserves of<br />

equity investees in 2008, 2007 and 2006 was US$ 3,352 million, US$ 9,324 million and<br />

US$ 1,086 million, respectively.<br />

The discounted value of future cash flows as of December 31, 2008, 2007 and 2006 includes the<br />

interest of other (minority) shareholders in the amount of US$ 142 million, US$ 114 million and<br />

US$ 25 million, respectively.<br />

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