Consolidated Statement of Profit and Loss and Other Comprehensive Income
For the year ended December 31, 2013

RUB millions (except per share data)

Notes

Year ended December 31, 2013

Year ended December 31, 2012 Restated

SALES

1,504,037

1,519,450

Less export duties and sales related excise tax

(236,434)

(286,801)

TOTAL REVENUE FROM SALES

36

1,267,603

1,232,649

COSTS AND OTHER DEDUCTIONS

Purchases of oil, gas and petroleum products

(319,051)

(340,453)

Production and manufacturing expenses

(144,552)

(126,639)

Selling, general and administrative expenses

(72,005)

(68,389)

Transportation expenses

(107,837)

(103,556)

Depreciation, depletion and amortization

(76,785)

(69,163)

Taxes other than income tax

21

(316,070)

(297,824)

Exploration expenses

(2,876)

(3,431)

TOTAL OPERATING EXPENSES

(1,039,176)

(1,009,455)

Other loss, net

26

(6,310)

(5,268)

OPERATING PROFIT

222,117

217,926

Share of profit of associates and joint ventures

11,251

12,767

Net foreign exchange (loss) / gain

(2,166)

1,042

Finance income

27

6,011

3,275

Finance expense

28

(11,233)

(11,089)

TOTAL OTHER INCOME

3,863

5,995

PROFIT BEFORE INCOME TAX

225,980

223,921

Current income tax expense

(34,823)

(34,108)

Deferred income tax expense

(4,437)

(5,661)

TOTAL INCOME TAX EXPENSE

29

(39,260)

(39,769)

PROFIT FOR THE PERIOD

186,720

184,152

OTHER COMPREHENSIVE INCOME / (LOSS)

Currency translation differences

12,739

(6,725)

Cash flow hedge

(3,221)

5,156

Other comprehensive income

(37)

OTHER COMPREHENSIVE INCOME / (LOSS) FOR THE PERIOD

9,481

(1,569)

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

196,201

182,583

PROFIT ATTRIBUTABLE TO:

Gazprom Neft shareholders

177,917

176,296

Non-controlling interest

8,803

7,856

PROFIT FOR THE PERIOD

186,720

184,152

TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO:

Gazprom Neft shareholders

183,406

175,833

Non-controlling interest

12,795

6,750

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

196,201

182,583

EARNINGS PER SHARE ATTRIBUTABLE TO GAZPROM NEFT SHAREHOLDERS

Basic earnings (RUB per share)

37.71

37.37

Diluted earnings (RUB per share)

37.71

37.37

Weighted-average number of common shares outstanding Basic and Diluted (millions)

4,718

4,718