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SLAVNEFT reports data of the Financial Statements under IFRS for Q3 and 9 months of 2018

01.11.2018

SLAVNEFT reports the consolidated data of the Financial Statements prepared in accordance with the International Financial Reporting Standards (IFRS) for Quarter 3 and 9 months of 2018.

Key Financial Indicators
(in mln of Russian rubles)
 

 
Q3
2018
Q3
2017
9 months
2018
9 months
2017
Revenue
Operating expenses
Taxes except for the income tax
Other items of expense
89,611
(11,296)
(47,749)
(2,394)
63,135
(11,991)
(28,743)
(2,155)
237,620
(33,542)
(124,423)
(6,649)
174,545
(33,778)
(83,929)
(6,472)
EBITDA
Depreciation & Amortization
Impairment and profit / (loss) from disposal of assets
28,172
(10,407)
(382)
20,246
(9,771)
(204)
73,006
(29,163)
(1,282)
50,366
(27,571)
(301)
Operating income
Financial expenses, net
(Loss) / Profit from forex difference
17,383
(2,224)
(130)
10,271
(1,575)
141
42,561
(6,467)
(476)
22,494
(3,560)
473
Income before tax
Income tax expense
15,029
(2,834)
8,837
(1,785)
35,618
(6,939)
19,407
(3,598)
Profit for the period attributable to:
– SLAVNEFT’s shareholders
– non-controlling interests

Other comprehensive income
12,195
8,000
4,195

-
7,052
4,060
2,992

56
28,679
18,495
10,184

-
15,809
8,859
6,950

137
Total comprehensive income attributable to: 12,195 7,108 28,679 15,946
– SLAVNEFT’s shareholders
– non-controlling interests
8,000
4,195
4,116
2,992
18,495
10,184
8,961
6,985
 
In Q3 2018, the revenue from sales increased by 42% against the revenue in Q3 2017 and amounted to RUB 89,611 mln. The revenue for 9 months of 2018 made RUB 237,620 mln that exceeds the similar indicator of the previous year by 36%. The revenue grew due to the rise in the crude oil sale price.

In Q3 2018, the taxes, except for the income tax, were equal to RUB 47,749 mln and increased by 66% vs. Q3 2017 mainly due to the rise in the MET rate. Under performance results for 9 months of 2018, this indicator grew by 48% against the indicator recorded in the similar period of the previous year and amounted to RUB 124,423 mln.

In Q3 2018, the earnings before interests, income tax and amortization (EBIDTA) made RUB 28,172 mln that exceeds the EBIDTA for Q3 2017 by 39%. EBIDTA for 9 months of 2018 made RUB 73,006 mln that is 45% more than the similar indicator recorded for 9 months of 2017. The increased revenue from sales is the main factor that has had an impact on the EBIDTA growth.

The comprehensive income of SLAVNEFT’s shareholders in Q3 2018 increased by 72% against Q3 2017 and amounted to RUB 12,195 mln. The comprehensive income of shareholders for 9 months of 2018 made RUB 28,679 mln that exceeds the similar indicator of the previous year by 80%. The increased revenue from sales had a positive impact on the dynamics of the income growth.   
 
  

International Financial Reporting Department
SLAVNEFT
 
Tel.: +7 (495) 787 82 16

 

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