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all LUKOIL Oil Company press releases

LUKOIL Oil Company

April 4, 2016

LUKOIL EBITDA for 2015 reached 769 bln RUB, profit for the year reached 291 bln RUB, oil production increased by 3.6 %

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

 


Press Centre  PJSC "LUKOIL"
Phone.:+7 (495) 627-16-77
E-mail: media@lukoil.com

http://www.lukoil.com
https://www.facebook.com/Lukoil.en
http://twitter.com/lukoilengl

 

 

 

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