Last checked at 27 Nov 2015 08:22
Tatneft published its IFRS consolidated interim condensed financial statements for the three and nine months ended 30 September 2015
27 November 2015
PJSC Tatneft (the "Company") announces today that it published on its web-site (http://www.tatneft.ru/?lang=en) the unaudited consolidated interim condensed financial statements for the three and nine months ended 30 September 2015 prepared in accordance with International Financial Reporting Standards ("IFRS") (the "Financial Statements") and related Management Discussion and Analysis of Results of Operations (the "MD&A").
Selected financial highlights below are based on the respective IFRS financial statements of the Company. These highlights do not replace the Financial Statements or the MD&A and all interested persons are encouraged to read these documents for full understanding of the IFRS results. Russian Ruble amounts below have been translated into U.S. Dollars, for sales and other operating revenues and net profit at the average exchange rate during the respective reporting period and for items of Statements of Financial Position at the exchange rate on the last date of the respective reporting period.
The Company's consolidated sales and other operating revenues net of export duties and excise tax in the third quarter of 2015 were 134,588 million Rubles (US$ 2,137 million) as compared to 126,953 million Rubles (US$ 3,508 million) in the corresponding period of 2014. In the nine months of 2015 our consolidated sales and other operating revenues net of export duties and excise tax were 414,099 million Rubles (US$ 6,985 million) as compared to 371,815 million Rubles (US$ 10,506 million) in the nine months of 2014.
The consolidated profit attributable to Group shareholders in the third quarter of 2015 was 23,272 million Rubles (US$ 370 million) as compared to 22,019 million Rubles (US$ 608 million) in the third quarter of 2014. The consolidated profit attributable to Group shareholders in the nine months of 2015 was 79,303 million Rubles (US$ 1,338 million) as compared to 73,584 million Rubles (US$ 2,079 million) in the corresponding period of 2014.
Total consolidated assets of the Company increased from 732,934 million Rubles (US$ 13,028 million) as of 31 December 2014 to 796,904 million Rubles (decreased in US dollar terms to US$ 12,031 million) as of 30 September 2015.
Total consolidated liabilities of the Company increased from 150,690 million Rubles (US$ 2,679 million) as of 31 December 2014 to 156,848 million Rubles (decreased in US dollar terms to US$ 2,368 million) as of 30 September 2015.
Total consolidated shareholders' equity increased from 582,244 million Rubles (US$ 10,349 million) as of 31 December 2014 to 640,056 million Rubles (decreased in US dollar terms to US$ 9,663 million) as of 30 September 2015.
The Company's representatives will discuss the IFRS financial highlights for the nine months of 2015 on a conference call on 1 December 2015 at 17:00 Moscow time, 14:00 London time, 09:00am New York time.
To participate in the conference call, please dial any of the following numbers*:
United Kingdom: 0800 068 0521;
USA: +1 855 442 0876;
Russia: 8 800 100 9635;
All other locations: +44 203 478 5921
Password to gain access to the conference call is "Tatneft".
The conference call replay will be available for 7 days upon completion of the call by dialing* +44 121 260 4861 (international dial-in) or +1 844 2308 058 (USA), using PIN 2261381 followed by the # sign.
* PJSC Tatneft shall not be liable for inability to use any of the free numbers.
Forward-looking statements: These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. PJSC Tatneft assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.