EBITDA

Calculation of EBITDA, mn RUB
2013 2014 Change, %
PROFIT FOR PERIOD 186,720 126,656 -32.2
Total income / (expense) for profit tax 39,260 19,214 -51.1
Financial expenses 11,233 15,279 36.0
Financial income -6,011 -7,075 17.7
Depreciation, depletion and amortisation 76,785 85,951 11.9
Net foreign exchange gains 2,166 52,265 2,313.0
Other expenses 6,310 8,471 34.2
EBITDA 316,463 300,761 -5.0
Minus: share in the (loss) / profit of associated and joint venture companies -11,251 6,306 —
Plus: share in the EBITDA of associated and joint venture companies 31,540 35,547 12.7
TOTAL ADJUSTED EBITDA 336,752 342,614 1.7
Source: Company data Zoom Download XLS

Adjusted EBITDA increased by 1.7% year-on-year from 336.8 bn to 342.6 bn RUB.

Net profit, mn RUB
2013 2014 Change, %
(Loss) / profit for period 186,720 126,656 -32.2
Minus: profit attributable to non-controlling interest -8,803 -4,563 -48.2
(Loss) / profit attributable to the shareholders of OJSC Gazprom Neft 177,917 122,093 -31.4
Source: Company data Zoom Download XLS

Taking into account the portion of profit attributable to the non-controlling interest, net profit decreased by 32.2% in the reporting year from 186.7 bn to 126.7 bn RUB.

Profit attributable to the shareholders of OJSC Gazprom Neft declined by 31.4% from 177.9 bn to 122.1 bn RUB.