PJSC Tatneft. Annual report 2017
A A
PJSC Tatneft. Annual report 2017

Growth Strategy

G4 -9

FINANCIAL EFFICIENCY

NET INCOME, RUB BILLION (IFRS) *
* indicators for nonbanking activities

KEY DRIVER GROWTH DRIVERS IN 2017

Sales revenues of сrude оil

365,2 rub billion

Sales revenues of refined products

241,7 rub billion

NET PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS OF THE GROUP, RUB. BILLION (AS PER IFRS)
EBITDA, RUB. BILLION (AS PER IFRS)


Starting from Q4 2016, the EBITDA calculation includes operating results of banking activities due to the consolidation of PJSC Bank ZENIT in the financial statements of the Group
PROFITABILITY OF SALES, %

The growth of the Company's profits by 2016 amounted to

+15,7rub billion /span>

The main factor in the profit increase for 2017 in comparison with 2016 was the growth of net proceeds from the sale of non-banking activities, partially offset by the growth of expenses for the mineral extraction tax.

NET PROFIT PER BARREL OF OIL PRODUCED

Tatneft maintains leadership among the largest domestic oil companies in terms of net profit per barrel of production (597 rubles per barrel).
RATIO OF NET PROFIT AND OIL PRODUCTION
RATIO OF UNIT NET PROFIT AND OIL PRODUCTION
Free Cash Flow RUB. billion

The total investment in the Tatneft Group in 2017 amounted to

89,1 billion rubles

The generated financial flow made it possible to fully fund large investment projects without attracting external debt. A significant proportion of investment funds - 45.9 billion rubles. was sent to exploration and mining.

The consolidated figures are reflected in accordance with the reporting standards: the period from 1998 to 2011. inclusive - US GAAP; since 2012 inclusive - IFRS.