1、Cadogan Petroleum PlC annual FinanCial rePort 2010UKCadogan Petroleum plcoffice 3.293-95 gloucester Placelondon W1u 6JQemail:tel:0207 487 8301Fax:0207 487 8402Ukraine10th Floor,Karat Business Center110 Zhilyanska str.,01032 Kievukraineemail:tel:+38 044 584 49 74Fax:+38 044 584 49 75AnnUAl finAnciAl
2、report 2010Overview01 Principal developments02 group overviewDirectors ReportBusiness Review04 Chairmans Statement06 operations review09 Financial review11 risks and uncertainties13 Statement of reserves and resources14 Corporate responsibility Corporate Governance15 Board of directors16 Corporate g
3、overnance Statement19 Board Committee reports 23 other Statutory informationRemuneration Report26 remuneration Committee report27 directors remuneration reportFinancial Statements32 independent auditors report 34 Consolidated income Statement34 Consolidated Statement of Comprehensive income35 Consol
4、idated Balance Sheet 36 Consolidated Cash Flow Statement37 Consolidated Statement of Changes in equity 38 notes to the Consolidated Financial Statements 63 Company Balance Sheet64 Company Cash Flow Statement65 Company Statement of Changes in equity66 notes to the Company Financial Statements 69 Glos
5、sary70 Shareholder InformationCadogan Petroleum plc Annual financial report companyoVERVIEWDIRECTORSREPORTCORPORATEGOVERNANCEREMUNERATIONREPORTFINANCIALSTATEMENTSGLOSSARYSHAREHOLDERINFORMATIONCadogan Petroleum plc is an independent oil and gas exploration,development and production company with onsh
6、ore gas,condensate and oil assets in Ukraine.principal DevelopmentsSignificant developments during 2010 included the following:Extension received on the Pirkovskoe licence to 2015Farm-out campaign being pursued to conserve existing cash and spread the risks associated with further exploration and de