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OAO LUKOIL. Interim consolidated financial statments (prepared in accordance with US GAAP). For the three month period ended March 31, 2011
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Independent Accountants’ Report

 

 

 

The Board of Directors

OAO LUKOIL:

 

 

We have reviewed the accompanying consolidated balance sheet of OAO LUKOIL and subsidiaries as of March 31, 2011, and the related consolidated statements of income, stockholders’ equity and comprehensive income, and cash flows for the three-month periods ended March 31, 2011 and 2010. This interim financial information is the responsibility of the Company’s management.

 

We conducted our reviews in accordance with standards established by the American Institute of Certified Public Accountants. A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with auditing standards generally accepted in the United States of America, the objective of which is the expression of an opinion regarding the financial information taken as a whole. Accordingly, we do not express such an opinion.

 

Based on our reviews, we are not aware of any material modifications that should be made to the accompanying interim financial information for them to be in conformity with accounting principles generally accepted in the United States of America.

 

 

ZAO KPMG

Moscow, Russian Federation

May 23, 2011

 

 

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