Consolidated Statement of Profit or Loss and Other Comprehensive Income

Currency – RUB millions (except per share data)

Notes Year ended 31 December 2019 Year ended 31 December 2018
Revenue
Crude oil, gas and petroleum products sales 2,393,444 2,418,717
Other revenue 91,864 70,575
Total revenue from sales 40 2,485,308 2,489,292
Costs and other deductions
Purchases of oil, gas and petroleum products (663,068) (617,306)
Production and manufacturing expenses (260,688) (228,618)
Selling, general and administrative expenses (125,592) (114,882)
Transportation expenses (143,474) (147,182)
Depreciation, depletion and amortisation 11,12,13 (181,372) (175,451)
Taxes other than income tax 22 (591,193) (652,784)
Export duties (71,601) (94,916)
Exploration expenses (1,752) (1,411)
Total operating expenses (2,038,740) (2,032,550)
Operating profit 446,568 456,742
Share of profit of associates and joint ventures 14 83,906 90,704
Net foreign exchange gain / (loss) 31 10,518 (33,558)
Finance income 32 22,906 7,506
Finance expense 33 (32,772) (21,476)
Other loss, net 30 (23,292) (19,796)
Total other income 61,266 23,38
Profit before income tax 507,834 480,122
Current income tax expense (52,502) (59,585)
Deferred income tax expense (33,244) (19,544)
Total income tax expense 34 (85,746) (79,129)
Profit for the period 422,088 400,993
Other comprehensive (loss) / income - may be reclassified to profit or loss
Currency translation differences (29,674) 36,937
Cash flow hedge, net of tax 35 319 14,63
Other comprehensive (loss) / income (319) 95
Total other comprehensive (loss) / income - may be reclassified to profit or loss (29,674) 51,662
Other comprehensive loss - will not be reclassified to profit or loss
Remeasurement of provision for post-employment benefits (2,411)
Total other comprehensive loss - will not be reclassified to profit or loss (2,411)
Other comprehensive (loss) / income (32,085) 51,662
Total comprehensive income for the period 390,003 452,655
Profit attributable to:
Gazprom Neft shareholders 400,201 376,667
Non-controlling interest 21,887 24,326
Profit for the period 422,088 400,993
Total comprehensive income attributable to:
Gazprom Neft shareholders 379,038 416,399
Non-controlling interest 10,965 36,256
Total comprehensive income for the period 390,003 452,655
Earnings per share attributable to Gazprom Neft shareholders
Basic earnings (RUB per share) 84.82 79.84
Diluted earnings (RUB per share) 84.82 79.84
Weighted-average number of common shares outstanding (millions) 4,718 4,718