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OJSC Severneftegazprom published the financial statements for 3 months 2022 in accordance with the IFRS

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OJSC "Severneftegazprom” issued the unaudited interim condensed Financial Information for 3 months 2022 ended March 31, 2022 prepared in accordance with the International Accounting Standard 34 Interim Financial Reporting (IFRS (IAS 34)).

The comprehensive income for the first quarter 2022 under IFRS based on the results of financial and economic activities amounted to RUB 1,385 million, which is 32.04% lower in comparison with the same period of the year 2021.

Revenue from gas sales for the reporting period amounted to RUB 13,056 million. The increase in revenue by RUB 1,955 million, or 17.61% in comparison with the same period of the last year, is primarily 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 11,707 million, which is higher than the same indicator of 2021 by RUB 3,351 million or 40.11%. In comparison to the same period of the last year, the increase was caused mainly by the growth of mineral extraction tax (MET) by RUB 2,390 million or by 48.31%.

For the quarter 2022, net assets increased by 2.40% and amounted to RUB 59,216 million.

Full version of interim condensed Financial Information for the first quarter 2022 prepared in accordance with IFRS is available at: http://www.severneftegazprom.com/akcioneram-i-investoram/raskrytie-informacii/otchety/

 2022 OJSC Severneftegazprom