Financial
LITASCO benefits from internal financing from the LUKOIL Group as well as external funding sources granted by major financial institutions.
These lines are designed to provide long term funding to our transactional operations as well as structured commodity financing.
We primarily focus on flexibility and cost-efficiency in all our financing decisions.
In addition, LITASCO was the first subsidiary of LUKOIL to integrate its global cash management operations.
In 2008 the LITASCO Group traded a total of 96 million tonnes consisting of 41 million tonnes of crude oil and 55 million tonnes of petroleum products during the year, generating a turnover of USD 67 billion (2007 USD 53 billion) and a total EBITDA of USD 279 million (2007 USD 137 million).
After paying dividends of USD 58 million (2007 USD 119 million) to our parent Company, the equity of the LITASCO Group at the end of 2008 amounted to USD 458 million (2007 USD 310 million).
LITASCO GROUP FINANCIAL STATEMENTS are available upon written request addressed to:
Director of Finance and Economics LITASCO SA, 9 rue du Conseil Général, CH 1205 Geneva, Switzerland
Or e-mail to Director of Finance and Economics LITASCO SA: finance@litasco.ch
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LITASCO Group Combined Financial Statement 2008 |
LITASCO Combined Financial Statements 2007 |
LITASCO Combined Financial Statements 2006 |
LITASCO Combined Financial Statements 2005 |
