Key financial indicators (IFRS)

Key indicators, ₽ million
Item 2015 2016 2017 2018 2019 ∆ 2019/2018, %
RevenueStarting from 1 January 2018, the Group has been applying IFRS 15 Revenue from Contracts with Customers
Crude oil, gas and petroleum products sales 1,581,777 1,637,553 1,870,790 2,418,717 2,393,444 (1.0)
Less: export duties and sales related excise (187,832) (150,156)
Other revenue 73,998 58,211 63,799 70,575 91,864 30.2
Total revenue from sales 1,467,943 1,545,608 1,934,589 2,489,292 2,485,308 (0.2)
Costs and other deductions
Purchases of oil, gas and petroleum products (345,909) (351,294) (456,037) (617,306) (663,068) 7.4
Production and manufacturing expenses (214,267) (201,862) (216,530) (228,618) (260,688) 14.0
Selling, general and administrative expenses (100,176) (108,981) (106,629) (114,882) (125,592) 9.3
Transportation expenses (133,320) (132,984) (141,982) (147,182) (143,474) (2.5)
Depreciation, depletion and amortisation (114,083) (129,845) (140,998) (175,451) (181,372) 3.4
Taxes other than income tax (353,145) (381,131) (492,269) (652,784) (591,193) (9.4)
Export duties (76,658) (94,916) (71,601) (24.6)
Exploration expenses (922) (1,195) (963) (1,411) (1,752) 24.2
Total operating expenses (1,261,822) (1,307,292) (1,632,066) (2,032,550) (2,038,740) 0.3
Operating profit 206,121 238,316 302,523 456,742 446,568 (2.2)
Share of profit of associates and joint ventures 24,956 34,116 45,504 90,704 83,906 (7.5)
Net foreign exchange gain/(loss) (67,910) 28,300 (241) (33,558) 10,518
Finance income 14,732 11,071 10,098 7,506 22,906 > 200
Finance expense (33,943) (34,282) (25,127) (21,476) (32,772) 52.6
Other loss, net 1,494 (17,982) (7,557) (19,796) (23,292) 17.7
Total other income (60,671) 21,223 22,677 23,380 61,266 162.0
Profit before income tax 145,450 259,539 325,200 480,122 507,834 5.8
Current income tax expense (38,026) (21,290) (43,695) (59,585) (52,502) (11.9)
Deferred income tax benefit/(expense) 8,774 (28,524) (11,827) (19,544) (33,244) 70.1
Total income tax expense (29,252) (49,814) (55,522) (79,129) (85,746) 8.4
Profit for the period 116,198 209,725 269,678 400,993 422,088 5.3
Less: profit attributable to non-controlling interest (6,537) (9,546) (16,404) (24,326) (21,887) (10.0)
Profit attributable to Gazprom Neft 109,661 200,179 253,274 376,667 400,201 6.2

In 2019, Gazprom Neft’s financial performance was stable. The company’s revenue totalled ₽2.49 trillion, a slight decrease of 0.2% year on year. The negative price trend on the oil market was offset by growth in sales volumes.

At the same time, the company’s net profit went up by 5.3% to a record amount of ₽422.1 billion thanks to the strengthening of the rouble and a positive impact of net financial income (expense).

Revenue, ₽ billion
Net profit, ₽ billion