OREANDA-NEWS. PJSC Tatneft (the “Company”) announces today that it published on its web-site (http://www.tatneft.ru/?lang=en) the audited consolidated financial statements (the “Financial Statements”) for the year ended 31 December 2015 prepared in accordance with International Financial Reporting Standards (“IFRS”) and related Directors’ report, incorporating Management Discussion and Analysis of Results of Operations (the “MD&A”). 

Selected financial highlights below are based on the respective IFRS financial statements of the Company. These highlights do not replace the Financial Statements or the MD&A and all interested persons are encouraged to read these documents for full understanding of 2015 IFRS results. Russian Ruble amounts below have been translated into U.S. Dollars, for sales and other operating revenues and net profit at the average exchange rate during the respective reporting period and for items of Statements of Financial Position at the exchange rate on the last date of the respective reporting period. 

The Company’s consolidated sales and other operating revenues net of export duties and excise tax in 2015 were 552,712 million Rubles (US$ 9,067 million) as compared to 476,360 million Rubles (US$ 12,399 million) in 2014. The consolidated profit attributable to Group shareholders in 2015 was 98,930 million Rubles (US$ 1,623 million) as compared to 92,227 million Rubles (US$ 2,400 million) in 2014. 

Total consolidated assets of the Company increased from 732,934 million Rubles (US$ 13,028 million) as of 31 December 2014, to 798,691 million Rubles (decreased in US dollar terms to US$ 10,959 million) as of 31 December 2015. 

Total consolidated liabilities of the Company decreased from 150,690 million Rubles (US$ 2,679 million) as of 31 December 2014, to 141,033 million Rubles (US$ 1,935 million) as of 31 December 2015. 

Total consolidated shareholders’ equity increased from 582,244 million Rubles (US$ 10,349 million) as of 31 December 2014, to 657,658 million Rubles (decreased in US dollar terms to US$ 9,024 million) as of 31 December 2015. 

The Company’s representatives will discuss the IFRS financial highlights for the year ended 31 December 2015 on a conference call on 4 April 2015 at 16:00 Moscow time, 14:00 London time, 09:00 am New York time.