Výročná správa 2008 - Transpetrol

TRANSPETROL, a. s. Financial statements
Šumavská 38 for the year ended 31 December 2008
821 08 Bratislava
Supervisory Board JUDr. Dušan Mach – Chairman
RNDr. Martin Ružinský, PhD. – Member
Szilárd Szedlár – Member till 25 August 2008
Peter Š�astný – Member
Ing.Viliam Križan – Member
Ing Július Rezeš – Member
Ing. Mikuláš Rakovský – Member
Ing Ladislav Haspel – Member
JUDr. Tibor Menyhart – Member from 26 August 2008
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Ministry of Economy 969,000 51 51
Yukos Finance B.V., Netherlands 931,000 49 49 *
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As of 31 December 2008, the Company is a joint stock company with 51 % share of the State (established by the
Ministry of Economy) and 49 % share of a Russian oil company - Yukos Finance B.V.
*Based on to the shareholders’ agreement, Yukos Finance B.V. as 49% shareholder, holds management control over the
Company.
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Based on information available to the management, the Company is not consolidated by the group Yukos Finance B.V.
as of 31 December 2008.
As a result of numerous claims placed by the Russian tax authorities during 2003 and 2004, Yukos Group has been
placed in serious financial and operating difficulties. In August 2006 it was declared bankrupt by the Moscow Arbitration
Court. Based on information available from the media, the Company’s management understands that in the course of
2007 the bankrupt of Yukos Group was completed and the Group subsequently ceased to exist. The shareholder of the
Company, Yukos Finance B.V., considers the sale of foreign assets of Yukos Group (including Yukos Finance B.V.)
illegal which was also confirmed by the first-instance court in Amsterdam. Despite ongoing processes related to
shareholders structure, the Company’s management does not expect negative impact of these matters on the operation of
the Company (Note K.a.i).
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The Company’s financial statements were prepared on going concern basis in accordance with the Accounting Act valid
in the Slovak Republic and with the related accounting regulations.
The accounting methods and general accounting policies were applied by the Company consistently with the previous
accounting period with the exception of prepayments received and granted in foreign currency that are not revalued at the
balance sheet date since 2008.
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