Share of profit of associates and joint ventures
|Company||2014||2015||2016||2017||2018||∆ 2018/2017 (%)|
The Group’s profit share in Slavneft increased y-o-y due to higher crude oil prices, while in Messoyakhaneftegaz – as a result of both, higher prices and production growth. The Group’s profit share in Arcticgas grew y-o-y following the production growth, higher crude oil prices and lower financial expenses in line with the optimisation of the debt portfolio, and the increase of Group’s share in Arcticgas from 46.67% to 50% from 21 March 2018.
Other income and expenses
Other expenses, which in 2018 mainly included disposal and write-offs of non-current assets, grew by 2.6 times y-o-y.
Other financial items
Foreign exchange gains (losses) are primarily attributable to the revaluation of the portion of the Group’s debt portfolio which is denominated in foreign currencies.