IFRS FINANCIAL AND OPERATING RESULTS FOR FIRST QUARTER 2013
IFRS FINANCIAL AND OPERATING RESULTS FOR FIRST QUARTER 2013
IFRS FINANCIAL AND OPERATING RESULTS FOR FIRST QUARTER 2013
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PROFIT ERODED BY TAXES <strong>AND</strong> TARIFFS OF NATURAL<br />
MONOPOLIES<br />
Revenues<br />
RUB bln<br />
EBITDA*<br />
RUB bln<br />
Net income<br />
RUB bln<br />
79<br />
*EBITDA includes share of affiliates’ EBITDA<br />
<strong>IFRS</strong> <strong>FINANCIAL</strong> <strong>AND</strong> <strong>OPERATING</strong> <strong>RESULTS</strong> <strong>FOR</strong> <strong>FIRST</strong> <strong>QUARTER</strong> <strong>2013</strong><br />
70<br />
96<br />
1Q12 2Q12 3Q12 4Q12 1Q13<br />
48<br />
278<br />
30<br />
+4.8%<br />
319<br />
-3.2%<br />
-18.2%<br />
-8.4%<br />
56 42<br />
78<br />
-1.9%<br />
-4.9%<br />
292<br />
1Q12 4Q12 1Q13<br />
1Q12 2Q12 3Q12 4Q12 1Q13<br />
77<br />
40<br />
Revenue increased 4.8% Y-o-Y on<br />
higher petroleum products prices and<br />
expanded petroleum product sales<br />
volumes<br />
Revenue declined 8.4% Q-o-Q on<br />
seasonally lower oil sales<br />
EBITDA decreased 3.2% Y-o-Y and<br />
1.9% Q-o-Q due to higher taxes<br />
(MET, excise) and tariffs of natural<br />
monopolies<br />
Net income decreased 18.2% Y-o-Y<br />
and 4.9% Q-o-Q due to:<br />
• Lower EBITDA<br />
• Negative FX effect<br />
23
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