12.02.2018
OAO NGK Slavneft reports the consolidated data of the Financial Statements prepared in accordance with the International Financial Reporting Standards (IFRS) for Quarter 4 and for 12 months of 2017.
Key Financial Indicators
(in mln of Russian rubles)
Q4 2017 | Q4 2016 | 12 months of 2017 | 12 months of 2016 | |
---|---|---|---|---|
Revenues Operating expenses Taxes except for the income tax Other items of expenses |
66,708 (12,174) (32,588) (2,439) | 56,908 (12,520) (25,442) (2,873) | 241,253 (45,952) (116,517) (8,911) | 214,509 (46,264) (89,039) (9,487) |
EBITDA Depreciation & amortization Impairment and profit/(loss) from assets disposal |
19,507 (10,413) (269) | 16,073 (9,277) (29) | 69,873 (37,984) (570) | 69,719 (33,732) 143 |
Operating income Finance expenses, net Profit from forex difference |
8,825 (2,232) 77 | 6,767 (1,157) 537 | 31,319 (5,792) 550 | 36,130 (4,941) 4,136 |
Income before tax Income tax expense |
6,670 (831) | 6,147 (202) | 26,077 (4,429) | 35,325 |
Profit for the period attributable to: Other comprehensive income/(loss) |
5,839 (78) |
5,945 (281) |
21,648 59 | (403) |
Total comprehensive income attributable to: | 5,761 | 5,664 | 21,707 | 28,698 |
- Slavneft's shareholders - non-controlling interests | 3,117 2,644 | 3,565 2,099 | 12,078 9,629 | 16,975 11,723 |
The revenue from sales for Q4 2017 made RUR 66,708 mln and increased by 17% against Q4 2016 due to the rise in the crude oil sale price. Following the results of 2017, the revenue grew by 12% against the similar period of 2016 and was equal to RUR 241,253 mln.
Except for the income tax, taxes for Q4 2017 increased by 28% vs. Q4 2016 and made RUR 32,588 mln. Following the results of 2017, this indicator grew by 31%, i.e. up to RUR 116,517 mln, against the similar indicator recorded for 2016 mainly due to the MET rate increase.
In Q4 2017, the earnings before taxes, income tax and amortization (EBIDTA) grew by 21% and made RUR 19,507 mln. In 2017 EBIDTA was equal to RUR 69,873 mln; this indicator is 0.2% higher than the 2016 EBIDTA. The effect of the tax burden (mainly MET) increase in 2017 vs. 2016 was compensated by the higher crude oil sale prices and by the reduced operating, administrative and other expenses.
The comprehensive income of Slavneft's shareholders in Q4 2017 grew by 2%, i.e. up to RUR 5,761 mln, against Q4 2016. Following the results of 2017, the comprehensive income of Slavneft's shareholders made RUR 21,707 mln that is 24% below the 2016 indicator. The amortization charged due to commissioning of a great number of fixed assets and reduction in the profit from forex difference caused the decrease in the comprehensive income.
International Financial Reporting Department
OAO NGK Slavneft
Tel.: +7 (495) 787 82 16
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OAO Slavneft-Megionneftegaz published this content on 12 February 2018 and is solely responsible for the information contained herein.
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Original documenthttp://www.slavneft.ru/eng/press/releases/?id_news=2504
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