Tatneft : 6m 2023 IFRS financial statements

Six months ended

Six months ended

Note

30 June 2023

30 June 2022

Continuing operations

Revenue (excluding financial services)

14

623,863

790,798

Costs and expenses (excluding financial services)

Operating expenses

(94,032)

(84,208)

Purchased crude oil and refined products

(85,903)

(69,175)

Exploration

(1,053)

(1,017)

Transportation

(33,353)

(24,254)

Selling, general and administrative

(44,276)

(33,101)

Depreciation, depletion and amortization

14

(30,626)

(21,851)

Expected credit losses on financial assets net of reversal

129

(261)

Impairment losses on property, plant and equipment and other non-

financial assets net of reversals

(14,286)

(5,107)

Taxes other than income taxes

10

(166,123)

(271,099)

Export duties

(6,391)

(23,347)

Maintenance of social infrastructure and transfer of social assets

(6,835)

(3,669)

Total costs and expenses (excluding financial services)

(482,749)

(537,089)

Loss on disposals of interests in subsidiaries and associates, net

(131)

-

Fair value gain from financial assets at fair value through profit or

loss, net

48

814

Other operating income/(expense), net

18

16,370

(217)

Operating profit (excluding financial services)

157,401

254,306

Net interest, fee and commission and other operating

income/(expenses) and gains/(losses) from financial services

Interest, fee and commission income

12,590

12,261

Interest, fee and commission expense

(6,406)

(7,589)

Net expense on creating provision for credit losses associated with

financial assets

(4,053)

(1,409)

Operating expenses

(4,873)

(4,250)

(Loss)/gain arising from dealing in foreign currencies, net

(26)

2,522

Other operating expense, net

(181)

(283)

Total net interest, fee, commission and other operating

(expenses)/ income and (losses)/gains from financial services

(2,949)

1,252

Other income/(expenses)

Foreign exchange gain/(loss), net

14

29,643

(61,905)

Interest income (excluding financial services)

4,031

4,959

Interest expense, net of amounts capitalised (excluding financial

services)

(4,951)

(2,991)

Share of results of associates and joint ventures, net

(170)

460

Total other income/(expenses), net

28,553

(59,477)

Profit before income tax

183,005

196,081

Income tax

Current income tax expense

(31,091)

(35,759)

Deferred income tax expense

(4,243)

(6,122)

Total income tax expense

(35,334)

(41,881)

Profit from continuing operations

147,671

154,200

Loss from discontinued operation

-

(14,951)

Profit for the period

147,671

139,249