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SLAVNEFT reports data of the Financial Statements under IFRS for Q1, 2019

30.04.2019

SLAVNEFT reports the consolidated data of the Financial Statements prepared in accordance with the International Financial Reporting Standards (IFRS) for Quarter 1 of 2019.
 
Key Financial Indicators
(in mln of Russian rubles)
 
  Q1 2019 Q1 2018
Revenue
Operating expenses
Taxes, except for the income tax
Other items of expense
80,025
(10,634)
(43,232)
(1,877)
65,342
(11,498)
(33,575)
(1,815)
EBITDA
Depreciation & Amortization
Impairment and profit/(loss) from disposal of assets
24,322
(8,325)
115
18,454
(9,347)
(70)
Operating income
Financial expenses, net
Profit
/(loss) from forex difference
16,112
(2,211)
27
9,037
(2,169)
(9)
Income before tax
Income tax expense
13,928
(2,754)
6,859
(1,359)
Profit for the period attributable to:
– SLAVNEFT’s shareholders
– non-controlling interests
 
Other comprehensive income
11,174
7,288
3,886
 
5,500
3,304
2,196
 
Total comprehensive income attributable to: 11,174 5,500
– SLAVNEFT’s shareholders
– non-controlling interests
7,288
3,886
3,304
2,196
In Q1 2019, the revenue from sales increased by 22.5% against the similar period of 2018 and amounted to RUB 80,025 mln. The escalation in the cure oil sales price mainly influenced this indicator.  
 
In Q1 2019, taxes, except for the income tax, were equal to RUB 43,232 mln and increased by 28.8% vs. the taxes paid in Q1 of the previous year due to the growth in the MET rate.
 
Based on performance results of Q1 2019, the earnings before interests, income tax and amortization (EBIDTA) made RUB 24,322 mln that exceeded the EBIDTA for Q1 2018 by 31.8%. The indicator dynamics is related to change in the net proceeds and rise in the fiscal burden.
 
The comprehensive income of SLAVNEFT’s shareholders in Q1 2019 increased the amount received in the similar period of the previous year more than twofold and was equal to RUB 11,174 mln. Shareholders’ comprehensive income mainly increased due to escalation in the crude oil sales price and effective control over operating and administrative expense.
 
   
International Financial Reporting Department
SLAVNEFT
Tel.: +7 (495) 787 82 16 

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