News

2021 July 28 18:20

NOVATEK announces consolidated IFRS results for Q2 and H1 of 2021

PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and six months ended 30 June 2021 prepared in accordance with International Financial Reporting Standards (“IFRS”). 

IFRS Financial Highlights (in millions of Russian roubles except as stated)

2Q 2021

2Q 2020

 

1H 2021

1H 2020

260,552 

140,641 

Oil and gas sales

501,301 

323,236 

3,900 

3,298 

Other revenues

7,734 

5,265 

264,452 

143,939 

Total revenues

509,035 

328,501 

(195,164)

(116,239)

Operating expenses

(373,983)

(262,774)

186 

(14,077)

Other operating income (loss)

(436)

(47,313)

69,474 

27,336 

Normalized profit from operations*

134,616 

66,237 

83,247 

37,655 

Normalized EBITDA of subsidiaries*

159,872 

83,038 

163,230 

71,270 

Normalized EBITDA including share in
EBITDA of joint ventures*

307,066 

171,938 

(14,648)

(50,903)

Finance income (expense)

(13,040)

90,550 

58,364 

72,007 

Share of profit (loss) of joint ventures,
net of income tax

73,211 

(73,224)

113,190 

34,727 

Profit before income tax

194,787 

35,740 

99,287 

41,564 

Profit attributable to
shareholders of PAO NOVATEK

164,439 

10,884 

88,958 

21,220 

Normalized profit attributable to
shareholders of PAO NOVATEK*, excluding
the effect of foreign exchange gains (losses)

164,731 

74,767 

29.63 

7.07 

Normalized basic and diluted earnings per share*,
excluding the effect of foreign exchange gains
(losses) (in Russian roubles)

54.86 

24.87 

47,381 

61,340 

Cash used for capital expenditures

88,827 

102,483 

* Excluding the effects from disposal of interests in subsidiaries and joint ventures (recognition of a net gain on disposal and subsequent non-cash revaluation of contingent consideration).