Transneft Group’s Key Financial and Economic Performance Indicators under IFRS
Reduced oil production led to lower volumes of oil delivered to the pipeline system and a reduction in the Company’s crude oil and petroleum products transportation services.
| Indicator | 2020 | 2019 | Absolute change | Change, % | 2018 |
|---|---|---|---|---|---|
| Revenue | 962,440 | 1,063,829 | (101,389) | (9.5%) | 979,958 |
| Operating expenses, depreciation and amortisation exclusive | (519,172) | (578,040) | 58,868 | (10.2%) | (546,083) |
| Operating profit, depreciation and amortisation exclusive | 443,268 | 485,789 | (42,521) | (8.8%) | 433,875 |
| Depreciation and amortisation | (217,612) | (208,700) | (8,912) | 4.3% | (178,610) |
| Operating profit | 225,656 | 277,089 | (51,433) | (18.6%) | 255,265 |
| Profit before tax | 179,065 | 245,018 | (65,953) | (26.9%) | 277,711 |
| Income tax expenses | (46,388) | (47,914) | 1,526 | (3.2%) | (52,298) |
| Profit for the reporting period | 132,677 | 197,104 | (64,427) | (32.7%) | 225,413 |
| Other gross expenses exclusive of income tax | 6,151 | (6,729) | 12,880 | х | (770) |
| Total comprehensive income exclusive of income tax | 138,828 | 190,375 | (51,547) | (27.1%) | 224,643 |
| EBITDA (Excluding crude oil sale and purchase transactions, based on contracts with Rosneft and China National United Oil Corporation). | 442,624 | 486,255 | (43,631) | (9.0%) | 433,436 |
| Debt/EBITDA | 1.3 | 1.3 | x | x | 1.4 |