Slavneft Reports Data of the Financial Statements Under IFRS for Q3 and 9 Months of 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.
Tags:Slavneft
