Pjsc Tatneft Regulatory News (ATAD)

26 Jun 2006 08:01

O.A.O. Tatneft26 June 2006 June 26, 2006 On June 26, 2006, OAO Tatneft issued the following press release: June 26, 2006 OAO Tatneft has filed its annual report on Form 20-F for 2004 with the SEC andpublished its unaudited consolidated U.S. GAAP financial statements for thefirst six months of 2005 OAO Tatneft (the "Company") announces today that it has filed its annual reporton Form 20-F for 2004 (incorporating, inter alia, the Company's auditedconsolidated financial statements for 2004 prepared in accordance with U.S.generally accepted accounting principles ("U.S. GAAP")) with the U.S. Securitiesand Exchange Commission (the "SEC"). At the same time, the Company published onits web-site (and furnished to the SEC on Form 6-K) its unaudited consolidatedU.S. GAAP financial statements for the six months ended June 30, 2005. Selected financial highlights below are based on the respective U.S. GAAPfinancial statements of the Company. Russian Ruble amounts below have beentranslated into U.S. Dollars at the exchange rates on the last day of respectivereporting period. The Company's revenues in 2004 were 206,782 mln Rubles (US$7,452 mln) ascompared to 155,818 mln Rubles (US$5,291 mln) in 2003. The net income for 2004was 23,410 mln Rubles (US$843.6 mln) as compared to 14,880 mln Rubles (US$505mln) in 2003. The Company's revenues for the first six months of 2005 were 138,816 mln Rubles(US$4,842 mln) as compared to 85,035 mln Rubles (US$2,929 mln) for the first sixmonths of 2004, and the net income was 15,797 mln Rubles (US$551 mln) for thefirst six months of 2005 as compared to 9,494 mln Rubles (US$327 mln) for thesix months of 2004. Total assets of the Company increased from 262,717 mln Rubles (US$8,921 mln) asof December 31, 2003, to 309,561 mln Rubles (US$11,155 mln) as of December 31,2004, and decreased to 277,681 mln Rubles (US$9,685 mln) as of June 30, 2005. Total liabilities of the Company increased from 108,436 mln Rubles (US$3,682mln) as of December 31, 2003, to 132,431 mln Rubles (US$4,722 mln) as ofDecember 31, 2004, and decreased to 87,684 mln Rubles (US$3,058 mln) as of June30, 2005. Total shareholders' equity increased from 149,180 mln Rubles (US$5,065.5 mln) asof December 31, 2003, to 170,476 mln Rubles (US$6,143 mln) as of December 31,2004, and 186,232 mln Rubles (US$6,495.7 mln) as of June 30, 2005. The Company's representatives will discuss the planned delisting andderegistration announced by the Company today and U.S. GAAP financial highlightsfor 2004 and the first half of 2005 on a conference call at 9 a.m. EasternDaylight Time, 2 p.m. British Summer Time, 5 p.m. Moscow time on Tuesday, June27, 2006. To participate in this conference call, dial one of the followingnumbers using participant code C915967: U.K.: +44 (20) 8996 3920 U.S.: +1 (888) 481 7939 (toll free from the U.S.) U.S.: +1 (617) 847 8707 Forward-looking statements: This press release contains certain forward-lookingstatements of OAO Tatneft. OAO Tatneft can give no assurance that any of theevents mentioned in such statements will occur, or as to the precise timing oftheir occurrence This information is provided by RNS The company news service from the London Stock Exchange