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OJSC "Severneftegazprom” published financial statements for 9 months 2017 prepared in accordance with International Financial Reporting Standards

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OJSC "Severneftegazprom” issued unaudited financial statements for the 9 months 2017 prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (hereinafter –IFRS (IAS 34)) .

The comprehensive income of OJSC "Severneftegazprom” under IFRS based on the results of financial and economic activities for the reporting period amounted to RUB 6,116 million.

The factor which has been effected on comprehensive income for the 9 months 2017 in comparison with the same period of 2016 was increase of tax burden of the Mineral Extraction Tax (hereinafter - MET) by RUB 5,635 million, or 37%, as a result of rate`s changing in the calculation formula of MET for natural gas which has been brought into action since
1 of January 2017.

The cost of sales of traded gas for the reporting period amounted to RUB 27,776 million, increased by RUB 6,037 million, or 28%, in comparison with the nine months of 2016.

Revenue from gas sales amounted to RUB 36,427 million. Increase of revenue for the 9 months of 2017 by RUB 883 million, or 2%, in comparison with the same period of 2016 due to the rising of gas price determined by a formula in accordance with the Shareholders' Agreement and gas supply contracts.

Full version of Financial Statements for the 9 months of 2017 ended September 30, 2017 prepared in accordance with IFRS is available at: http://www.severneftegazprom.com/akcioneram-i-investoram/raskrytie-informacii/otchety/