Key financial indicators (IFRS)


Key financial indicators (₽ m)
Item 2014 2015 2016 2017 2018 ∆ 2018/2017 (%)
Revenue Starting from 1 January 2018, the Group has been applying IFRS 15 Revenue from Contracts with Customers. In line with its transitional provisions, the Group applies the standard retrospectively, adjusting the comparative data for 2017 financial year:
  • expenses associated with export duties in the amount of ₽ 76.7 bn were reclassified;
  • revenue from transportation services in the amount of ₽ 2.0 bn, included in the sales price of petroleum products, was reclassified from Crude oil, gas and petroleum product sales to Other revenue.
  • crude oil, gas and petroleum product sales were disclosed net of 2017 excise taxes of ₽ 69 bn (vs ₽ 92.8 bn for 2018).
Crude oil, gas and petroleum products sales 1,644,558 1,581,777 1,637,553 1,870,790 2,418,717 29.3
Less: export duties and sales related excise (282,319) (187,832) (150,156)
Other revenue 45,999 73,998 58,211 63,799 70,575 10.6
Total revenue 1,408,238 1,467,943 1,545,608 1,934,589 2,489,292 28.7
Costs and other deductions
Purchases of oil, gas and petroleum products (382,505) (345,909) (351,294) (456,037) (617,306) 35.4
Production and operating expenses (171,711) (214,267) (201,862) (216,530) (228,618) 5.6
Selling, general and administrative expenses (86,318) (100,176) (108,981) (106,629) (114,882) 7.7
Transportation expenses (116,125) (133,320) (132,984) (141,982) (147,182) 3.7
Depreciation, depletion and amortisation (85,951) (114,083) (129,845) (140,998) (175,451) 24.4
Taxes other than income tax (343,576) (353,145) (381,131) (492,269) (652,784) 32.6
Export duties (76,658) (94,916) 23.8
Exploration expenses (936) (922) (1,195) (963) (1,411) 46.5
Total operating expenses (1,187,122) (1,261,822) (1,307,292) (1,632,066) (2,032,550) 24.5
Other expenses (8,471)
Operating profit 212,645 206,121 238,316 302,523 456,742 51.0
Share of profit / (loss) of associates and joint ventures (6,306) 24,956 34,116 45,504 90,704 99.3
Net foreign exchange (loss) / gain (52,265) (67,910) 28,300 (241) (33,558) >200
Finance income 7,075 14,732 11,071 10,098 7,506 (25.7)
Finance expense (15,279) (33,943) (34,282) (25,127) (21,476) (14.5)
Other (expenses) / income, net 1,494 (17,982) (7,557) (19,796) 162.0
Total other (expenses) / income (66,775) (60,671) 21,223 22,677 23,380 3.1
Profit before income tax 145,870 145,450 259,539 325,200 480,122 47.6
Current income tax expense (17,518) (38,026) (21,290) (43,695) (59,585) 36.4
Deferred income tax benefit / (expense) (1,696) 8,774 (28,524) (11,827) (19,544) 65.2
Total income tax benefit / (expense) (19,214) (29,252) (49,814) (55,522) (79,129) 42.5
Profit for the period 126,656 116,198 209,725 269,678 400,993 48.7
Less: profit attributable to non-controlling interest (4,563) (6,537) (9,546) (16,404) (24,326) 48.3
Profit attributable to Gazprom Neft 122,093 109,661 200,179 253,274 376,667 48.7

In 2018, Gazprom Neft showed sustainable growth across key financial indicators. The Company’s revenue went up by 28.7% to ₽ 2.49 tn, which was driven by a favourable pricing environment, improved operational efficiency and consistent production growth at the Novoportovskoye, Prirazlomnoye and Vostochno-Messoyakhskoye fields.


Gazprom Neft’s revenue (₽ bn)
Gazprom Neft’s net profit (₽ bn)