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OJSC "Severneftegazprom” published the financial statements for 6 months 2022 in accordance with the IFRS

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OJSC "Severneftegazprom” issued the unaudited interim condensed Financial Information for 6 months 2022 ended June 30, 2022 prepared in accordance with the International Accounting Standard 34 Interim Financial Reporting (IFRS (IAS 34)).

The comprehensive income for the first half of 2022 under IFRS based on the results of financial and economic activities amounted to RUB 803 million.

Revenue from gas sales for the reporting period amounted to RUB 25,042 million. The increase in revenue by RUB 3,176 million, or 14.52% in comparison with the same period of the last year (RUB 21,866 million), 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 23,628 million, which is higher than the same indicator of 2021 (RUB 17,086 million)  by RUB 6,542 million or 38.29% and caused mainly by the growth of mineral extraction tax (MET) by RUB 4,891 million or by 48.92%.

For the first half of 2022, net assets increased by 1.39% and amounted to RUB 58,634 million.

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

 2022 OJSC Severneftegazprom