Transneft’s Key Indicators under IFRS Accounting (financial) statements for 2018 is published by the Company at website

In general, the Group’s financial results for 2018 increased in comparison with 2017. For the year ended 31 December 2018, the Group’s revenues increased by 10.8%. EBITDA for 2018 increased by 6.1% compared to 2017, while profit for the year rose by 17.5%. Adjusted for factors unrelated to operational activities, the profit decreased by 4.8% in 2018.

Transneft Group’s core financial results Consolidated financial statements include NCSP Group’s indicators from the date of receipt of the controlling stake , RUB million
Indicator 2018 2017 Absolute change Change (%)
Revenue 979,958 884,337 95,621 10.8
Operating expenses, depreciation and amortisation exclusive −546,083 −476,062 −70,021 14.7
Operating profit, depreciation and amortisation exclusive 433,875 408,275 25,600 6.3
Depreciation and amortisation −178,610 −152,637 −25,973 17.0
Operating profit 255,265 255,638 −373 −0.1
Profit before tax 277,711 242,167 35,544 14.7
Income tax expenses −52,298 −50,362 −1,936 3.8
Profit for the reporting year 225,413 191,805 33,608 17.5
Other gross expenses/income exclusive of income tax −770 578 −1,348
Total comprehensive income exclusive of income tax 224,643 192,383 32,260 16.8
EBITDA Excluding crude oil sale and purchase transactions between Transneft and Rosneft and China National United Oil Corporation 433,436 408,694 24 742 6.1
Total debt / LTM EBITDA EBITDA includes NCSP Group’s figures for the entire 2018 1.4 1.7
The influence of NCSP Group on Transneft Group’s financial indicators, RUB million
Indicator for 2018 NCSP Group From the time of receipt of the controlling stake by the Transneft Group Transneft Group and NCSP Group The share of NCSP Group in the indicators of Transneft Group, %
Revenue 15,878 979,958 1.6
EBITDA 10,545 433,436 2.4
Net profit 3,366 225,413 1.5
Net assets (as of 31 December 2018) 83,343 2,064,667 4.0
Debt (as of 31 December 2018) 69,743 The debt of NCSP Group as of 31 December 2017 is listed excluding debt of Omirico Limited 672,992 10.4
Net cash flow (outflow) −10,043 13,217