PJSC LUKOIL publishes its first consolidated financial statements prepared in accordance with International Financial Reporting Standards (''IFRS''). Transition to IFRS was made in line with requirements of Federal Law ¹208-FZ dated 27.07.2010 «On Consolidated Financial Statements». The date of transition to IFRS is 1 January 2014.
EBITDA for 2015 amounted to 769 billion rubles. Profit for the year amounted to 291 billion rubles, profit for the year excluding one-off non-cash items reached 452 billion rubles.
Capital expenditures in 2015 were 607 billion rubles. Free cash flow amounted to 248 billion rubles.
In 2015, LUKOIL Group total hydrocarbon production* increased by 2.8 % y-o-y and reached 2.379 million boe per day. Crude oil production* increased by 3.6 % y-o-y to 100.7 million tons. The increase was mainly due to the production from West Qurna-2 project in Iraq.
* -produced by the Group including our share in equity affiliates.
Consolidated Statement of Profit or Loss and Other Comprehensive Income
|
|
2015 |
2014 |
|
|
|
(millions of rubles) |
|
|
|
Revenues |
|
|
|
|
Sales (including excise and export tariffs) |
5,749,050 |
5,504,856 |
|
|
Costs and other deductions |
|
|
|
|
Operating expenses |
(446,719) |
(368,505) |
|
|
Cost of purchased crude oil, gas and products |
(2,891,674) |
(2,781,856) |
|
|
Transportation expenses |
(297,977) |
(215,198) |
|
|
Selling, general and administrative expenses |
(168,669) |
(146,550) |
|
|
Depreciation, depletion and amortization |
(350,976) |
(293,052) |
|
|
Taxes other than income taxes |
(522,620) |
(467,732) |
|
|
Excise and export tariffs |
(575,509) |
(807,401) |
|
|
Exploration expenses |
(29,177) |
(12,228) |
|
|
Profit from operating activities |
465,729 |
412,334 |
|
|
Finance income |
17,763 |
10,999 |
|
|
Finance costs |
(48,224) |
(29,727) |
|
|
Equity share in income of affiliates |
7,047 |
19,888 |
|
|
Foreign exchange gain |
110,912 |
167,235 |
|
|
Other expenses |
(164,123) |
(95,874) |
|
|
Profit before income taxes |
389,104 |
484,855 |
|
|
Current income taxes |
(100,335) |
(103,303) |
|
|
Deferred income taxes |
3,976 |
12,524 |
|
|
Total income tax expense |
(96,359) |
(90,779) |
|
|
Profit for the year |
292,745 |
394,076 |
|
|
(Profit) loss for the year attributable to non-controlling interests |
(1,610) |
1,449 |
|
|
Profit for the year attributable to PJSCLUKOIL shareholders |
291,135 |
395,525 |
|
|
|
|
|
|
|
|
|
Earning per share of common stock attributable to PJSCLUKOIL (in rubles): |
|
|
|
|
Basic |
408.36 |
554.79 |
|
|
Diluted |
405.15 |
541.90 |
|
Full version of consolidated financial statements of PJSC LUKOIL for the 2015 prepared in accordance with IFRS is available on the Company’s web sites: www.lukoil.comand www.lukoil.ru
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