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Slavenft reports data of the Financial Statements under IFRS for Q3 and 9 months 2017

01.11.2017

OAO NGK Slavneft reports the consolidated data of the Financial Statements prepared in accordance with the International Financial Reporting Standards (IFRS) for Quarter 3 and for 9 months 2017.

Key Financial Indicators
(in mln of Russian rubles)

 
Q3 2017
Q3 2016
9 months
of 2017
9 months
of 2016
Revenues
Operating expenses
Taxes except for the income tax
Other items of (expense)/ income
63,135
(11,991)
(28,743)
(2,155)
53,594
 (11,126)
 (23,320)
 (2,298)
174,545
(33,778)
(83,929)
(6,472)
157,601
(33,744)
(63,597)
(6,614)
EBITDA
Depreciation & amortization
Impairment and profit/(loss) from assets disposal
20,246
 (9,771)
(204)
16,850
(8,642)
127
50,366
(27,571)
(301)
53,646
(24,455)
172
Operating income
Finance expenses, net
Profit from forex difference
10,271
 (1,575)
141
8,335
(944)
334
22,494
(3,560)
473
29,363
(3,784)
3,599
Income before tax
Income tax expense
8,837
(1,785)
7,725
(1,671)
19,407
(3,598)
29,178
(6,022)

Profit for the period attributable to:
- Slavneft’s shareholders
- non-controlling interests

Other comprehensive income/(loss)
7,052
4,060
2,992

56
6,054
3,341
2,713

17
15,809
8,859
6,950

137
23,156
13,532
9,624

(122)
Total comprehensive income attributable to: 7,108 6,071 15,946 23,034
- Slavneft’s shareholders
- non-controlling interests
4,116
2,992
3,358
2,713
8,961
6,985
13,410
9,624
 
The revenues from sales for Q3 2017 made RUR 63,135 mln and increased by 18% against Q3 2016. Such increase was caused by the rise in the crude oil sale price. Following the results of 9 months 2017, the revenues grew by 11% against the similar period of 2016 and was equal to RUR 174,545 mln.

In Q3 2017, the taxes, except for the income tax, increased by 23% vs. Q3 2016 and made RUR 28,743 mln. Following the results of 9 months 2017, this indicator grew by 32%, i.e. up to RUR 83,929 mln, against the similar indicator recorded for 9 months 2016 mainly due to the MET rate increase.
 
In Q3 2017, the earnings before taxes, income tax and amortization (EBIDTA) increased by 20% and made RUR 20,246 mln, and EBIDTA for 9 months 2017 was equal to RUR 50,366 mln that is 6% below the indicator of the similar period in 2016. The main factor, which influenced the EBIDTA reduction as of the end of 9 months 2017, was the effect of the additional tax burden.
 
The comprehensive income of Slavneft’s shareholders in Q3 2017 grew by 17%, i.e. up to RUR 7,108 mln, against Q3 2016. As of the end of 9 months 2017, the comprehensive income of Slavneft’s shareholders made RUR 15,946 mln that is 31% below the indicator of the similar period in 2016. The rise in the MET amount due to the increased MET rate 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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