diff --git a/lib/abi.js b/lib/abi.js
index a0c8625939..fbf72b12db 100644
--- a/lib/abi.js
+++ b/lib/abi.js
@@ -21,12 +21,12 @@
  * @date 2014
  */
 
-// TODO: is these line is supposed to be here? 
 if (process.env.NODE_ENV !== 'build') {
     var BigNumber = require('bignumber.js'); // jshint ignore:line
 }
 
-var web3 = require('./web3'); // jshint ignore:line
+var web3 = require('./web3'); 
+var f = require('./formatters');
 
 BigNumber.config({ ROUNDING_MODE: BigNumber.ROUND_DOWN });
 
@@ -85,6 +85,7 @@ var filterEvents = function (json) {
 /// @param number of characters that result string should have
 /// @param sign, by default 0
 /// @returns right aligned string
+/// TODO: remove, it was moved to formatters.js
 var padLeft = function (string, chars, sign) {
     return new Array(chars - string.length + 1).join(sign ? sign : "0") + string;
 };
@@ -105,57 +106,16 @@ var namedType = function (name) {
     };
 };
 
+/// This method should be called if we want to check if givent type is an array type
+/// @returns true if it is, otherwise false
 var arrayType = function (type) {
     return type.slice(-2) === '[]';
 };
 
-/// Formats input value to byte representation of int
-/// If value is negative, return it's two's complement
-/// If the value is floating point, round it down
-/// @returns right-aligned byte representation of int
-var formatInputInt = function (value) {
-    var padding = ETH_PADDING * 2;
-    if (value instanceof BigNumber || typeof value === 'number') {
-        if (typeof value === 'number')
-            value = new BigNumber(value);
-        value = value.round();
-
-        if (value.lessThan(0)) 
-            value = new BigNumber("ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff", 16).plus(value).plus(1);
-        value = value.toString(16);
-    }
-    else if (value.indexOf('0x') === 0)
-        value = value.substr(2);
-    else if (typeof value === 'string')
-        value = formatInputInt(new BigNumber(value));
-    else
-        value = (+value).toString(16);
-    return padLeft(value, padding);
-};
-
-/// Formats input value to byte representation of string
-/// @returns left-algined byte representation of string
-var formatInputString = function (value) {
-    return web3.fromAscii(value, ETH_PADDING).substr(2);
-};
-
-/// Formats input value to byte representation of bool
-/// @returns right-aligned byte representation bool
-var formatInputBool = function (value) {
-    return '000000000000000000000000000000000000000000000000000000000000000' + (value ?  '1' : '0');
-};
-
-/// Formats input value to byte representation of real
-/// Values are multiplied by 2^m and encoded as integers
-/// @returns byte representation of real
-var formatInputReal = function (value) {
-    return formatInputInt(new BigNumber(value).times(new BigNumber(2).pow(128))); 
-};
-
 var dynamicTypeBytes = function (type, value) {
     // TODO: decide what to do with array of strings
     if (arrayType(type) || type === 'string')    // only string itself that is dynamic; stringX is static length.
-        return formatInputInt(value.length); 
+        return f.formatInputInt(value.length); 
     return "";
 };
 
@@ -164,14 +124,14 @@ var dynamicTypeBytes = function (type, value) {
 var setupInputTypes = function () {
     
     return [
-        { type: prefixedType('uint'), format: formatInputInt },
-        { type: prefixedType('int'), format: formatInputInt },
-        { type: prefixedType('hash'), format: formatInputInt },
-        { type: prefixedType('string'), format: formatInputString }, 
-        { type: prefixedType('real'), format: formatInputReal },
-        { type: prefixedType('ureal'), format: formatInputReal },
-        { type: namedType('address'), format: formatInputInt },
-        { type: namedType('bool'), format: formatInputBool }
+        { type: prefixedType('uint'), format: f.formatInputInt },
+        { type: prefixedType('int'), format: f.formatInputInt },
+        { type: prefixedType('hash'), format: f.formatInputInt },
+        { type: prefixedType('string'), format: f.formatInputString }, 
+        { type: prefixedType('real'), format: f.formatInputReal },
+        { type: prefixedType('ureal'), format: f.formatInputReal },
+        { type: namedType('address'), format: f.formatInputInt },
+        { type: namedType('bool'), format: f.formatInputBool }
     ];
 };
 
@@ -217,62 +177,6 @@ var toAbiInput = function (json, methodName, params) {
     return bytes;
 };
 
-/// Check if input value is negative
-/// @param value is hex format
-/// @returns true if it is negative, otherwise false
-var signedIsNegative = function (value) {
-    return (new BigNumber(value.substr(0, 1), 16).toString(2).substr(0, 1)) === '1';
-};
-
-/// Formats input right-aligned input bytes to int
-/// @returns right-aligned input bytes formatted to int
-var formatOutputInt = function (value) {
-    value = value || "0";
-    // check if it's negative number
-    // it it is, return two's complement
-    if (signedIsNegative(value)) {
-        return new BigNumber(value, 16).minus(new BigNumber('ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff', 16)).minus(1);
-    }
-    return new BigNumber(value, 16);
-};
-
-/// Formats big right-aligned input bytes to uint
-/// @returns right-aligned input bytes formatted to uint
-var formatOutputUInt = function (value) {
-    value = value || "0";
-    return new BigNumber(value, 16);
-};
-
-/// @returns input bytes formatted to real
-var formatOutputReal = function (value) {
-    return formatOutputInt(value).dividedBy(new BigNumber(2).pow(128)); 
-};
-
-/// @returns input bytes formatted to ureal
-var formatOutputUReal = function (value) {
-    return formatOutputUInt(value).dividedBy(new BigNumber(2).pow(128)); 
-};
-
-/// @returns right-aligned input bytes formatted to hex
-var formatOutputHash = function (value) {
-    return "0x" + value;
-};
-
-/// @returns right-aligned input bytes formatted to bool
-var formatOutputBool = function (value) {
-    return value === '0000000000000000000000000000000000000000000000000000000000000001' ? true : false;
-};
-
-/// @returns left-aligned input bytes formatted to ascii string
-var formatOutputString = function (value) {
-    return web3.toAscii(value);
-};
-
-/// @returns right-aligned input bytes formatted to address
-var formatOutputAddress = function (value) {
-    return "0x" + value.slice(value.length - 40, value.length);
-};
-
 var dynamicBytesLength = function (type) {
     if (arrayType(type) || type === 'string')   // only string itself that is dynamic; stringX is static length.
         return ETH_PADDING * 2;
@@ -284,14 +188,14 @@ var dynamicBytesLength = function (type) {
 var setupOutputTypes = function () {
 
     return [
-        { type: prefixedType('uint'), format: formatOutputUInt },
-        { type: prefixedType('int'), format: formatOutputInt },
-        { type: prefixedType('hash'), format: formatOutputHash },
-        { type: prefixedType('string'), format: formatOutputString },
-        { type: prefixedType('real'), format: formatOutputReal },
-        { type: prefixedType('ureal'), format: formatOutputUReal },
-        { type: namedType('address'), format: formatOutputAddress },
-        { type: namedType('bool'), format: formatOutputBool }
+        { type: prefixedType('uint'), format: f.formatOutputUInt },
+        { type: prefixedType('int'), format: f.formatOutputInt },
+        { type: prefixedType('hash'), format: f.formatOutputHash },
+        { type: prefixedType('string'), format: f.formatOutputString },
+        { type: prefixedType('real'), format: f.formatOutputReal },
+        { type: prefixedType('ureal'), format: f.formatOutputUReal },
+        { type: namedType('address'), format: f.formatOutputAddress },
+        { type: namedType('bool'), format: f.formatOutputBool }
     ];
 };
 
@@ -328,7 +232,7 @@ var fromAbiOutput = function (json, methodName, output) {
 
         var formatter = outputTypes[j - 1].format;
         if (arrayType(method.outputs[i].type)) {
-            var size = formatOutputUInt(dynamicPart.slice(0, padding));
+            var size = f.formatOutputUInt(dynamicPart.slice(0, padding));
             dynamicPart = dynamicPart.slice(padding);
             var array = [];
             for (var k = 0; k < size; k++) {
diff --git a/lib/formatters.js b/lib/formatters.js
new file mode 100644
index 0000000000..54475ef9cf
--- /dev/null
+++ b/lib/formatters.js
@@ -0,0 +1,156 @@
+/*
+    This file is part of ethereum.js.
+
+    ethereum.js is free software: you can redistribute it and/or modify
+    it under the terms of the GNU Lesser General Public License as published by
+    the Free Software Foundation, either version 3 of the License, or
+    (at your option) any later version.
+
+    ethereum.js is distributed in the hope that it will be useful,
+    but WITHOUT ANY WARRANTY; without even the implied warranty of
+    MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+    GNU Lesser General Public License for more details.
+
+    You should have received a copy of the GNU Lesser General Public License
+    along with ethereum.js.  If not, see <http://www.gnu.org/licenses/>.
+*/
+/** @file formatters.js
+ * @authors:
+ *   Marek Kotewicz <marek@ethdev.com>
+ * @date 2015
+ */
+
+if (process.env.NODE_ENV !== 'build') {
+    var BigNumber = require('bignumber.js'); // jshint ignore:line
+}
+
+var web3 = require('./web3'); 
+
+BigNumber.config({ ROUNDING_MODE: BigNumber.ROUND_DOWN });
+
+var ETH_PADDING = 32;
+
+/// @param string string to be padded
+/// @param number of characters that result string should have
+/// @param sign, by default 0
+/// @returns right aligned string
+var padLeft = function (string, chars, sign) {
+    return new Array(chars - string.length + 1).join(sign ? sign : "0") + string;
+};
+
+/// Formats input value to byte representation of int
+/// If value is negative, return it's two's complement
+/// If the value is floating point, round it down
+/// @returns right-aligned byte representation of int
+var formatInputInt = function (value) {
+    var padding = ETH_PADDING * 2;
+    if (value instanceof BigNumber || typeof value === 'number') {
+        if (typeof value === 'number')
+            value = new BigNumber(value);
+        value = value.round();
+
+        if (value.lessThan(0)) 
+            value = new BigNumber("ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff", 16).plus(value).plus(1);
+        value = value.toString(16);
+    }
+    else if (value.indexOf('0x') === 0)
+        value = value.substr(2);
+    else if (typeof value === 'string')
+        value = formatInputInt(new BigNumber(value));
+    else
+        value = (+value).toString(16);
+    return padLeft(value, padding);
+};
+
+/// Formats input value to byte representation of string
+/// @returns left-algined byte representation of string
+var formatInputString = function (value) {
+    return web3.fromAscii(value, ETH_PADDING).substr(2);
+};
+
+/// Formats input value to byte representation of bool
+/// @returns right-aligned byte representation bool
+var formatInputBool = function (value) {
+    return '000000000000000000000000000000000000000000000000000000000000000' + (value ?  '1' : '0');
+};
+
+/// Formats input value to byte representation of real
+/// Values are multiplied by 2^m and encoded as integers
+/// @returns byte representation of real
+var formatInputReal = function (value) {
+    return formatInputInt(new BigNumber(value).times(new BigNumber(2).pow(128))); 
+};
+
+
+/// Check if input value is negative
+/// @param value is hex format
+/// @returns true if it is negative, otherwise false
+var signedIsNegative = function (value) {
+    return (new BigNumber(value.substr(0, 1), 16).toString(2).substr(0, 1)) === '1';
+};
+
+/// Formats input right-aligned input bytes to int
+/// @returns right-aligned input bytes formatted to int
+var formatOutputInt = function (value) {
+    value = value || "0";
+    // check if it's negative number
+    // it it is, return two's complement
+    if (signedIsNegative(value)) {
+        return new BigNumber(value, 16).minus(new BigNumber('ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff', 16)).minus(1);
+    }
+    return new BigNumber(value, 16);
+};
+
+/// Formats big right-aligned input bytes to uint
+/// @returns right-aligned input bytes formatted to uint
+var formatOutputUInt = function (value) {
+    value = value || "0";
+    return new BigNumber(value, 16);
+};
+
+/// @returns input bytes formatted to real
+var formatOutputReal = function (value) {
+    return formatOutputInt(value).dividedBy(new BigNumber(2).pow(128)); 
+};
+
+/// @returns input bytes formatted to ureal
+var formatOutputUReal = function (value) {
+    return formatOutputUInt(value).dividedBy(new BigNumber(2).pow(128)); 
+};
+
+/// @returns right-aligned input bytes formatted to hex
+var formatOutputHash = function (value) {
+    return "0x" + value;
+};
+
+/// @returns right-aligned input bytes formatted to bool
+var formatOutputBool = function (value) {
+    return value === '0000000000000000000000000000000000000000000000000000000000000001' ? true : false;
+};
+
+/// @returns left-aligned input bytes formatted to ascii string
+var formatOutputString = function (value) {
+    return web3.toAscii(value);
+};
+
+/// @returns right-aligned input bytes formatted to address
+var formatOutputAddress = function (value) {
+    return "0x" + value.slice(value.length - 40, value.length);
+};
+
+
+module.exports = {
+    formatInputInt: formatInputInt,
+    formatInputString: formatInputString,
+    formatInputBool: formatInputBool,
+    formatInputReal: formatInputReal,
+    formatOutputInt: formatOutputInt,
+    formatOutputUInt: formatOutputUInt,
+    formatOutputReal: formatOutputReal,
+    formatOutputUReal: formatOutputUReal,
+    formatOutputHash: formatOutputHash,
+    formatOutputBool: formatOutputBool,
+    formatOutputString: formatOutputString,
+    formatOutputAddress: formatOutputAddress
+};
+