09 June 2004 12:20
LukOil(OAO) - Doc re 2003 RAS statements
RNS Number:5114Z LukOil (OAO) 09 June 2004 OAO LUKOIL 9 June 2004 Doc re 2003 RAS statements OAO LUKOIL (the
"Company") announces that copies of Company's non-consolidated accounting statements for the year 2003
prepared in accordance with Russian Accounting Standards ("RAS") have been submitted to the UK Listing
Authority as required by paragraph 17.38 of the Listing Rules of the UK Listing Authority. This document will shortly be
available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at: Financial
Services Authority 25 The North Colonnade Canary Wharf London E14 5HS Tel: (0)20 7066 1000 Certain accounting and
reporting standards in Russia are not comparable to those in the United Kingdom. The above non-consolidated financial
statements have been prepared in accordance with RAS. These standards were developed primarily to serve tax requirements
rather then to reflect fairly the consolidated financial condition of a company or its consolidated operations. As such,
the Company's RAS financial statements and accounts relate only to OAO LUKOIL as a company and not to the
consolidated operations of the LUKOIL Group. Moreover, RAS does not permit certain other adjustments which would be
required by US GAAP, which the Company uses to prepare its consolidated accounts, to reflect fairly the consolidated
operations of the LUKOIL Group. Investors and potential investors should not rely on the Company's RAS financial
statements and accounts in considering any investment in the Company's securities. This information is provided by
RNS The company news service from the London Stock Exchange
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