RusEnergy

RBC, 21.06.2006, Moscow 14:29:34.YUKOS may be liquidated, as stated in the audit report on the company's 2005 financial statement prepared by Horwath, the company's auditor. The value of the company's net assets was lower than its authorized capital as of December 31, 2004 and December 31, 2005, which may result in the company's liquidation under Article 99 of Russia's Civil Code. The company's losses exceeded RUR95bn (approx. USD3.5bn) in 2005.