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SLAVNEFT reports data of the Financial Data under IFRS for Q4 and 12 months of 2018

12.02.2019

SLAVNEFT reports consolidated data of the Financial Statements prepared in accordance with the International Financial Reporting Standards (IFRS) for Quarter 4 and 12 months of 2018.

Key Financial Indicators
(in mln of Russian rubles)
 

 
Q4
2018
Q4
2017
12 months
2018
12 months
2017
Revenue
Operating expenses
Taxes except for the income tax
Other items of expense
76,712
(15,305)
(43,125)
(2,493)
66,708
(12,174)
(32,588)
(2,439)
314,332
(48,847)
(167,548)
(9,142)
241,253
(45,952)
(116,517)
(8,911)
EBITDA
Depreciation & Amortization
Impairment and loss from disposal of assets
15,789
(9,550)
(506)
19,507
(10,413)
(269)
88,795
(38,713)
(1,788)
69,873
(37,984)
(570)
Operating income
Financial expenses, net
Profit
/(loss) from forex difference
5,733
(2,408)
(26)
8,825
(2,232)
77
48,294
(8,875)
(502)
31,319
(5,792)
550
Income before tax
Income tax expense
3,299
(743)
6,670
(831)
38,917
(7,682)
26,077
(4,429)
Profit for the period attributable to:
– SLAVNEFT’s shareholders
– non-controlling interests

Other comprehensive income/(expense)
2,556
1,213
1,343

137
5,839
3,172
2,667

(78)
31,235
19,708
11,527

137
21,648
12,031
9,617

59
Total comprehensive income attributable to: 2,693 5,761 31,372 21,707
– SLAVNEFT’s shareholders
– non-controlling interests
1,280
1,413
3,117
2,644
19,775
11,597
12,078
9,629
 
In Q4 2018, the revenue from sales made RUB 76,712 mln and increased by 15% against the similar period of 2017. Under 2018 performance results, the revenue grew by 30.3%, i.e. up to RUB 314,332 mln. The main reason for the revenue increase is the rise in the crude oil sales price.
 
In Q4 2018, the taxes, except for the income tax, grew by 32.3% against Q4 2017 and amounted to RUB 43,125 mln. For 12 months 2018, this indicator increased by 43.8%, i.e. up to RUB 167,548 mln, vs. the indicator recorded in 2017 mainly due to the rise in the MET rate.
 
In Q4 2018, the earnings before interests, income tax and amortization (EBIDTA) reduced by 19.1% and made RUB 15,789 mln. In 2018, the EBIDTA indicator increased by 27.1% and amounted to RUB 88,795 mln. The indicator dynamics is related to change in the net proceeds and rise in the fiscal burden.
 
Under 2018 performance results, the comprehensive income of SLAVNEFT’s shareholders made RUB 31,372 mln that exceeded the 2017 indicator by 44.5%. Shareholders’ comprehensive income increased due to the rise in the crude oil sales price and effective control over operating and administrative expenses.
 
 
  
International Financial Reporting Department
SLAVNEFT
 
Tel.: +7 (495) 787 82 16

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