|
Cash flows from operating activities
|
|
|
|
|
Profit before income tax
|
|
145,870
|
225,980
|
|
Adjustments for:
|
|
|
|
|
Share of loss / (profit) of associates and joint ventures
|
14
|
6,306
|
(11,251)
|
|
Loss on foreign exchange differences
|
|
82,670
|
9,350
|
|
Finance income
|
30
|
(7,075)
|
(6,011)
|
|
Finance expense
|
31
|
15,279
|
11,233
|
|
Depreciation, depletion and amortisation
|
12,13
|
85,951
|
76,785
|
|
Allowance for doubtful accounts
|
34
|
343
|
(413)
|
|
Other non-cash items
|
|
5,398
|
1,256
|
|
Changes in working capital:
|
|
|
|
|
Accounts receivable
|
|
21,110
|
(16,632)
|
|
Inventories
|
|
5,072
|
4,056
|
|
Other assets
|
|
(9,114)
|
9,228
|
|
Accounts payable
|
|
(5,633)
|
15,681
|
|
Taxes payable
|
|
(4,643)
|
3,111
|
|
Other liabilities
|
|
(13,206)
|
(7,115)
|
|
Income taxes paid
|
|
(30,122)
|
(33,514)
|
|
Interest paid
|
|
(16,624)
|
(9,981)
|
|
Dividends received
|
|
2,383
|
4,973
|
|
Net cash provided by operating activities
|
|
283,965
|
276,736
|
|
Cash flows from investing activities
|
|
|
|
|
Acquisition of subsidiaries and joint operations, net of cash acquired
|
|
(12,493)
|
(4,657)
|
|
Acquisition of associates and joint ventures
|
|
(45,355)
|
(1,200)
|
|
Bank deposits placement
|
|
(129,917)
|
(74,295)
|
|
Repayment of bank deposits
|
|
114,040
|
44,870
|
|
Acquisition of other investments
|
|
(2,480)
|
(283)
|
|
Proceeds from sales of other investments
|
|
–
|
890
|
|
Short-term loans issued
|
|
(2,100)
|
(2,829)
|
|
Repayment of short-term loans issued
|
|
1,867
|
863
|
|
Long-term loans issued
|
|
(23,142)
|
(19,848)
|
|
Repayment of long-term loans issued
|
|
1,374
|
1,004
|
|
Capital expenditures
|
|
(271,330)
|
(208,611)
|
|
Proceeds from sale of property, plant and equipment
|
|
1,743
|
3,847
|
|
Interest received
|
|
3,001
|
4,524
|
|
Net cash used in investing activities
|
|
(364,792)
|
(255,725)
|
|
Cash flows from financing activities
|
|
|
|
|
Proceeds from short-term borrowings
|
|
26,750
|
18,930
|
|
Repayment of short-term borrowings
|
|
(24,601)
|
(31,249)
|
|
Proceeds from long-term borrowings
|
|
109,078
|
119,032
|
|
Repayment of long-term borrowings
|
|
(44,067)
|
(50,318)
|
|
Transaction costs directly attributable to the borrowings received
|
|
(2,342)
|
(1,074)
|
|
Dividends paid to Gazprom neft shareholders
|
|
(46,755)
|
(63,328)
|
|
Dividends paid to non-controlling interest
|
|
(3,372)
|
(3,248)
|
|
Acquisition of non-controlling interest in subsidiaries
|
|
(4,118)
|
(1,755)
|
|
Net cash provided by / (used in) financing activities
|
|
10,573
|
(13,010)
|
|
(Decrease) / increase in cash and cash equivalents
|
|
(70,254)
|
8,001
|
|
Effect of foreign exchange on cash and cash equivalents
|
|
32,344
|
3,877
|
|
Cash and cash equivalents as of the beginning of the period
|
|
91,077
|
79,199
|
|
Cash and cash equivalents as of the end of the period
|
|
53,167
|
91,077
|