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OJSC "Severneftegazprom” published the financial statements for 3 months 2019 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 3 months 2019 prepared in accordance with the International Accounting Standard 34 Interim Financial Reporting (IFRS (IAS 34)).

Revenue from gas sales for the reporting period amounted to RUB 13 838 million. The increase in revenue by RUB 2 504 million, or 22% in comparison with the same period of the last year, is due to an increase 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 11 211 million, which is higher than the same indicator in 2018 by RUB 2 117 million or 23%. Comparing to the same period 2018, the increase was caused by the growth of mineral extraction tax (MET) by RUB 2 254 million or by 35%.

For the three months 2019, net assets increased by 3% and amounted to RUB 56 333 million.

The comprehensive income of OJSC "Severneftegazprom” under IFRS for the reporting period amounted to RUB 1 637 million, which is 24% higher than the figure compared to the same period 2018.

Full version of Financial Statements for the three months of 2019 ended March 31, 2019 prepared in accordance with IFRS is available at: http://en.severneftegazprom.com/shareholders/disclosure/reports/

 2019 OJSC Severneftegazprom