Last checked at 27 Aug 2015 10:24
Tatneft published its IFRS consolidated interim condensed financial statements for the three and six months ended 30 June 2015
27 August 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 information for the three and six months ended 30 June 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 second quarter of 2015 were 144,450 million Rubles (US$ 2,744 million) as compared to 128,122 million Rubles (US$ 3,661 million) in the corresponding period of 2014. In the six months of 2015 our consolidated sales and other operating revenues net of export duties and excise tax were 279,511 million Rubles (US$ 4,870 million) as compared to 244,862 million Rubles (US$ 7,000 million) in the six months of 2014.
The consolidated profit attributable to Group shareholders in the second quarter of 2015 was 29,462 million Rubles (US$ 560 million) as compared to 27,174 million Rubles (US$ 776 million) in the second quarter of 2014. The consolidated profit attributable to Group shareholders in the six months of 2015 was 56,031 million Rubles (US$ 976 million) as compared to 51,565 million Rubles (US$ 1,474 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 794,662 million Rubles (US$ 14,312 million) as of 30 June 2015.
Total consolidated liabilities of the Company increased from 150,690 million Rubles (US$ 2,679 million) as of 31 December 2014 to 178,936 million Rubles (US$ 3,223 million) as of 30 June 2015.
Total consolidated shareholders' equity increased from 582,244 million Rubles (US$ 10,349 million) as of 31 December 2014 to 615,726 million Rubles (US$ 11,089 million) as of 30 June 2015.
The Company's representatives will discuss the IFRS financial highlights for the six months of 2015 on a conference call on 28 August 2015 at 16:00 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 1582830 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.