6. ACQUISITION OF SUBSIDIARIES AND NON-CONTROLLING INTEREST

Acquisition of Novy Port

On November 21, 2012 the Group acquired 90% shares of LLC Gazprom neft Novy Port (Novy Port) from JSC Gazprom. The acquired Company holds exploration and production licences for Novoportovskoe oil field. The transaction was treated as common control transaction and accounted for using predecessor accounting method.

The difference between the cash consideration paid of RUB 6.3 billion and the value of assets and liabilities acquired of RUB 4.9 billion was accounted for as decrease in additional paid-in-capital for the year ended December 31, 2012. The following tables present information of LLC Novy Port as of December 31, 2012 and as of acquisition date:

RUB millions

December 31, 2012

As of the acquisition date

ASSETS

Current assets

5,504

3,248

Property, plant and equipment, net

4,046

2,910

Other non-current assets

20

20

TOTAL ASSETS ACQUIRED

9,570

6,178

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities

4,180

761

TOTAL LIABILITIES ASSUMED

4,180

761

Equity attributable to the Company’s owners

4,851

4,875

Non-controlling interest

539

542

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

9,570

6,178

ACQUISITION OF NON-CONTROLLING INTEREST IN SUBSIDIARIES

In 2013 the Group has accounted for the acquisition of the additional interest in several subsidiaries where control is maintained in the amount of RUB 1.2 billion. As a result of these transactions the Group increased additional paid-in-capital by RUB 3.2 billion for the year ended December 31, 2013. This amount represents the excess of the carrying value of the investments acquired of RUB 4.4 billion over the consideration paid.

In 2012 the Group has accounted for the acquisition of the additional interest in several subsidiaries where control is maintained in the amount of RUB 6.5 billion. As a result of these transactions the Group increased additional paid-in-capital by RUB 6.1 billion for the year ended December 31, 2012. This amount represents the excess of the carrying value of the investments acquired of RUB 12.6 billion over the consideration paid.