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OJSC «Severneftegazprom» published the financial statements for 9 months 2018 prepared in accordance with the International Financial Reporting Standards

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OJSC «Severneftegazprom» (the «Company») issued the unaudited interim condensed Financial Information for the 9 months 2018 prepared in accordance with the International Accounting Standard 34 Interim Financial Reporting (IFRS (IAS 34)).

Revenue from gas sales amounted to RUB 33 673 million. The decrease in revenues from gas sales for the nine months of 2018 by RUB 2 754 million, or 8% in comparison with the same period of the last year, is due to a decrease in the gas price, determined by the formula in accordance with the Shareholders Agreement and gas supply contracts.

The cost of sales of commercial gas for the reporting period amounted to RUB 28 030 million, which is higher than the same indicator in 2017 by RUB 254 million or 1%. Comparing to the same period 2017, the increase was caused by the growth of mineral extraction tax (MET) by RUB 172 million or by 1%.

The comprehensive income of OJSC «Severneftegazprom» under IFRS based on the results of financial and economic activities for the reporting period amounted to RUB 3 924 million.

Full version of Financial Statements for 9 months of 2018 ended September 30, 2018 prepared in accordance with IFRS is available at: http://en.severneftegazprom.com/investors-and-shareholders/ris-disclosure/reports/

 2019 OJSC Severneftegazprom