Tatneft published its IFRS consolidated interim condensed financial statements for the three and six months

In the first 6 months of 2014 the Company’s consolidated sales and other operating revenues, net of export duties and excise tax, were 244,862 million Rubles (US$ 7,000 million) as compared to 211,250 million Rubles (US$ 6,810 million) in the first 6 months of 2013.  

The consolidated profit attributable to Group shareholders in the second quarter of 2014 was 27,174 million Rubles (US$ 776 million) as compared to 14,935 million Rubles (US$ 472 million) in the second quarter of 2013. The consolidated profit attributable to Group shareholders in the first 6 months of 2014 was 51,565 million Rubles (US$ 1,474 million) as compared to 31,909 million Rubles (US$ 1,029 million) in the corresponding period of 2013.

Total consolidated assets of the Company increased from 674,089 million Rubles (US$ 20,595 million) as of 31 December 2013 to 715,041 million Rubles (US$ 21,262 million) as of 30 June 2014.

Total consolidated liabilities of the Company increased from 170,107 million Rubles (US$ 5,197 million) as of 31 December 2013 to 176,447 million Rubles (US$ 5,247 million) as of 30 June 2014.

Total consolidated shareholders’ equity increased from 503,982 million Rubles (US$ 15,398 million) as of 31 December 2013 to 538,594 million Rubles (US$ 16,015 million) as of 30 June 2014.