In the first nine months of 2009 operating revenues (net of excise, VAT and customs duties), OAO Gazprom IFRS decreased by 183 786 million rubles., Or 7% over the same period in 2008, and amounted to 2 410 490 million rubles. Below is more detailed information on key indicators of the structure of the proceeds from sales for the 9 months of 2009 and 2008.
| million rubles. (unless otherwise noted) |
Nine months ended September 30 |
| Revenue from gas sales |
2009 |
2008 |
| Europe and other countries |
; |
; |
| net proceeds from the sale (net of excise and customs duties) |
995 816 |
992 910 |
| volume in billion cubic meters. m |
123,3 |
139,3 |
| Average price rubles /thousand. cu. m (including excise and customs duties) |
9 752,9 |
9 291,9 |
| Countries of the former Soviet Union |
; |
; |
| Net proceeds from the sale (net of excise, VAT and customs duties) |
225 758 |
249 315 |
| Volume in billion cubic meters. m |
36,3 |
71,9 |
| Average price rubles /thousand. cu. m (including excise and customs fees and net of VAT) |
6 976,2 |
3 723,4 |
| russia |
; |
; |
| The net proceeds from the sale (net of excise and VAT) |
325 964 |
340 186 |
| Volume in billion cubic meters. m |
183,7 |
205,4 |
| Average price rubles /thousand. cu. m (including excise tax and net of VAT) |
1 774,7 |
1 655,8 |
| Total revenue from sales of gas |
; |
; |
| The net proceeds from the sale (net of excise, VAT and customs duties) |
1 547 538 |
1 582 411 |
| volume in billion cubic meters. m |
343,3 |
416,6 |
| |
; |
; |
| net proceeds from the sale of oil and gas products |
402 361 |
552 859 |
| (net of excise, VAT and customs duties) |
| net proceeds from the sale of crude oil and gas condensate (net of excise, VAT and customs duties) |
122 336 |
191 085 |
| Proceeds from the sale of electricity and heat (excluding VAT) |
209 221 |
130 903 |
| Proceeds from the sale of gas transportation services (excluding VAT) |
41 563 |
46 964 |
| Other revenues (excluding VAT) |
__87 471 |
_ 90 054 |
| Total revenues from sales (net of excise , VAT and customs duties) |
2 410 490 |
2 594 276 |
In the first nine months of 2009 net revenues from gas sales decreased by 34 873 million rubles., or 2% over the same period in 2008, and amounted to 1 547 538 million rubles. that, in general, was due to lower volumes sold in all geographic segments. In this case, the estimated average price of gas, expressed in rubles, in all geographic segments formed above the corresponding period last year.
In the first nine months of 2009 net revenues from the sale of natural gas to Europe and other countries increased by 2 906 million rubles. compared to the same period in 2008, and amounted to 995 816 million rubles. This is due mainly to higher average realized prices, denominated in rubles (including excise and customs duties), 5%, which was offset by lower sales volumes of gas by 11%, or 16 billion cubic meters. m. The increase in revenues from gas sales in a given geographical segment is provided, mainly, higher prices for gas for 1 quarter 2009
In the first nine months of 2009 net revenues from gas sales to the former Soviet Union fell by 23 557 million rubles., or 9%, compared to the same period in 2008, and amounted to 225 758 million rubles. Reduced sales in this segment is attributable to lower sales volumes of gas in kind at 50%, or 35.6 billion cubic meters. m, which was compensated by an increase of 87% average realized prices, denominated in rubles (including excise and customs payments and net of VAT).
In the first nine months of 2009 net revenues from gas sales in Russia fell by 14 222 million rubles., or 4%, compared to the same period in 2008, and amounted to 325 964 million rubles. This is due mainly to lower volumes of gas sold for 11% or 21.7 billion cubic meters. m, which was partially offset by an increase in average selling price of gas in the domestic market as determined by the Federal Tariff Service.
In the first nine months of 2009 net revenues from the sale of oil and gas products decreased by 150 498 million rubles., or 27%, compared to the same period in 2008, and amounted to 402 361 million rubles. The reduction was due, above all, change the order of reflection Sibur Group, as well as falling prices for oil and gas products.
In the first nine months of 2009, the net proceeds from the sale of crude oil and condensate production fell by 68 749 million rubles., or 36%, compared to the same period in 2008, and amounted to 122 336 million rubles. Reduction of the proceeds from the sale of crude oil and condensate, primarily due to the activities of “Gazprom oil”: the first nine months of 2009 net sales of crude oil declined by 56 753 million rubles., Or 33%, compared with the same period of 2008, and amounted to 113 506 million rubles.
In the first nine months of 2009 net revenues from the sale of electricity and thermal energy increased by 78 318 million rubles., or 60%. The increase in revenues from the sale of electricity and heat, mostly related to the inclusion in the consolidated accounts as subsidiaries of OAO “WGC-2″ and OAO “WGC-6″, and the activities of Mosenergo, and Gazprom Group of Germany. ”
In the first nine months of 2009 operating expenses compared to the same period of 2008 increased by 250 079 million rubles., or 16%, and amounted to 1 821 656 million rubles.
The main article, whose growth has caused an increase in total operating expenses, a “Purchased oil and gas” (191 257 million rubles.). Thus the cost of purchasing natural gas has increased by 213 546 million rubles., Or 64%, the cost of purchasing crude oil prices fell to 22 289 million rubles., Or 17%. Increased expenditure on the purchase gas is mainly due, c increase in prices for Central Asian gas as compared to the same period last year, as well as the growth of trade in sale of gas to the European market and, consequently, increasing the volume of gas purchased at the same time. The increase also occurred for the following: “goods for resale, including oil and gas products (35 061 million rubles).” Transit of gas, oil, and oil and gas products (29 432 million rubles.), And Depreciation (10 211 million rub.) “Other” (28 122 million rubles.). The growth of spending on these items was offset by lower costs as follows: “Taxes other than income taxes (35 191 million rubles. - This change is due to reduced tax on extraction of 53 856 million rubles.),” The cost of electricity and heat (7 945 million rubles.), “The cost of repair, operation and maintenance (7 412 million rubles.),” Materials “(4 421 million rubles.).
profit margin for the period attributable to equity holders of OAO Gazprom, for the 9 months of 2009 amounted to 470 874 million rubles. that the 234 536 million rubles., or 33% less than the same period in 2008
Net debt (defined as short-term borrowings and current portion of long-term loans, short-term notes payable, long-term loans, long-term notes payable and restructured tax liabilities, net of cash and cash equivalents, as well as cash and cash equivalents restricted for use in accordance with the terms of certain borrowings and other contractual obligations) increased by 450 745 million rubles., or 44%, with 1 018 346 million rubles. as at 31 December 2008 to 1 469 091 million rubles. at September 30, 2009 This is explained mainly by an increase in long-term loans.
The table below presents the unaudited consolidated interim condensed statement of comprehensive income under IFRS for the nine months ended September 30, 2009 and 2008. All amounts are presented in millions of Russian rubles.
| ; |
Nine months ended |
| September 30 |
| 2009 |
; |
2008 |
| Proceeds from sales (net of excise tax, value added tax (VAT) and customs duties) |
2 410 490 |
; |
2 594 276 |
| Operating expenses |
(1 821 656) |
; |
(1 571 577) |
| Operating profit |
588 834 |
; |
1 022 699 |
| Acquisition of minority interest in OAO Gazprom Neft “ |
13 865 |
; |
- |
| Loss from changes in fair value option to purchase |
— |
; |
(41 973) |
| Income from financing |
339 679 |
; |
114 692 |
| Finance expenses |
-383 245 |
; |
-141 236 |
| Share of net profit of associates and jointly controlled entities |
43 040 |
; |
41 215 |
| Gain on disposal of assets available for sale |
_2 321 |
; |
__ 20 889 |
| Profit before tax |
604 494 |
; |
1 016 286 |
| Current income taxes |
-120 112 |
; |
-259 348 |
| Deferred income taxes |
__ (5 093) |
; |
__ (5 262) |
| Income tax expense |
-125 205 |
; |
-264 610 |
| Profit for the period |
479 289 |
; |
751 676 |
| Other comprehensive income |
; |
; |
; |
| Profit (loss) from changes in fair value |
; |
; |
; |
| financial assets available-for-sale, net of tax |
22 831 |
; |
-57 840 |
| share of other comprehensive income (loss) and the associated |
; |
; |
; |
| jointly controlled entities |
4 331 |
; |
(1 593) |
| Exchange differences |
(3 337) |
; |
2 005 |
| Revaluation stake |
__9 911 |
; |
_______- |
| Other comprehensive income (expense) for the period, net of tax |
33 736 |
; |
(57 428) |
| Total revenue for the period |
513 025 |
; |
694 248 |
| Profit for the period attributable to: |
; |
; |
; |
| shareholders of OAO “Gazprom” |
470 874 |
; |
705 410 |
| minority interest |
_ 8 415 |
; |
46 266 |
| |
479 289 |
; |
751 676 |
| Total revenue for the period attributable to: |
; |
; |
; |
| shareholders of OAO “Gazprom” |
509 265 |
; |
647 618 |
| minority interest |
___3 760 |
; |
__46 630 |
| ; |
513 025 |
; |
694 248 |
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Review of the FOREX market for 29.01.10
Net profit of “Gazprom” for 9 months of 2009 under IFRS was reduced by 33% and amounted to 470 874 million rubles
In the first nine months of 2009 operating revenues (net of excise, VAT and customs duties), OAO Gazprom IFRS decreased by 183 786 million rubles., Or 7% over the same period in 2008, and amounted to 2 410 490 million rubles. Below is more detailed information on key indicators of the structure of the proceeds from sales for the 9 months of 2009 and 2008.
In the first nine months of 2009 net revenues from gas sales decreased by 34 873 million rubles., or 2% over the same period in 2008, and amounted to 1 547 538 million rubles. that, in general, was due to lower volumes sold in all geographic segments. In this case, the estimated average price of gas, expressed in rubles, in all geographic segments formed above the corresponding period last year.
In the first nine months of 2009 net revenues from the sale of natural gas to Europe and other countries increased by 2 906 million rubles. compared to the same period in 2008, and amounted to 995 816 million rubles. This is due mainly to higher average realized prices, denominated in rubles (including excise and customs duties), 5%, which was offset by lower sales volumes of gas by 11%, or 16 billion cubic meters. m. The increase in revenues from gas sales in a given geographical segment is provided, mainly, higher prices for gas for 1 quarter 2009
In the first nine months of 2009 net revenues from gas sales to the former Soviet Union fell by 23 557 million rubles., or 9%, compared to the same period in 2008, and amounted to 225 758 million rubles. Reduced sales in this segment is attributable to lower sales volumes of gas in kind at 50%, or 35.6 billion cubic meters. m, which was compensated by an increase of 87% average realized prices, denominated in rubles (including excise and customs payments and net of VAT).
In the first nine months of 2009 net revenues from gas sales in Russia fell by 14 222 million rubles., or 4%, compared to the same period in 2008, and amounted to 325 964 million rubles. This is due mainly to lower volumes of gas sold for 11% or 21.7 billion cubic meters. m, which was partially offset by an increase in average selling price of gas in the domestic market as determined by the Federal Tariff Service.
In the first nine months of 2009 net revenues from the sale of oil and gas products decreased by 150 498 million rubles., or 27%, compared to the same period in 2008, and amounted to 402 361 million rubles. The reduction was due, above all, change the order of reflection Sibur Group, as well as falling prices for oil and gas products.
In the first nine months of 2009, the net proceeds from the sale of crude oil and condensate production fell by 68 749 million rubles., or 36%, compared to the same period in 2008, and amounted to 122 336 million rubles. Reduction of the proceeds from the sale of crude oil and condensate, primarily due to the activities of “Gazprom oil”: the first nine months of 2009 net sales of crude oil declined by 56 753 million rubles., Or 33%, compared with the same period of 2008, and amounted to 113 506 million rubles.
In the first nine months of 2009 net revenues from the sale of electricity and thermal energy increased by 78 318 million rubles., or 60%. The increase in revenues from the sale of electricity and heat, mostly related to the inclusion in the consolidated accounts as subsidiaries of OAO “WGC-2″ and OAO “WGC-6″, and the activities of Mosenergo, and Gazprom Group of Germany. ”
In the first nine months of 2009 operating expenses compared to the same period of 2008 increased by 250 079 million rubles., or 16%, and amounted to 1 821 656 million rubles.
The main article, whose growth has caused an increase in total operating expenses, a “Purchased oil and gas” (191 257 million rubles.). Thus the cost of purchasing natural gas has increased by 213 546 million rubles., Or 64%, the cost of purchasing crude oil prices fell to 22 289 million rubles., Or 17%. Increased expenditure on the purchase gas is mainly due, c increase in prices for Central Asian gas as compared to the same period last year, as well as the growth of trade in sale of gas to the European market and, consequently, increasing the volume of gas purchased at the same time. The increase also occurred for the following: “goods for resale, including oil and gas products (35 061 million rubles).” Transit of gas, oil, and oil and gas products (29 432 million rubles.), And Depreciation (10 211 million rub.) “Other” (28 122 million rubles.). The growth of spending on these items was offset by lower costs as follows: “Taxes other than income taxes (35 191 million rubles. - This change is due to reduced tax on extraction of 53 856 million rubles.),” The cost of electricity and heat (7 945 million rubles.), “The cost of repair, operation and maintenance (7 412 million rubles.),” Materials “(4 421 million rubles.).
profit margin for the period attributable to equity holders of OAO Gazprom, for the 9 months of 2009 amounted to 470 874 million rubles. that the 234 536 million rubles., or 33% less than the same period in 2008
Net debt (defined as short-term borrowings and current portion of long-term loans, short-term notes payable, long-term loans, long-term notes payable and restructured tax liabilities, net of cash and cash equivalents, as well as cash and cash equivalents restricted for use in accordance with the terms of certain borrowings and other contractual obligations) increased by 450 745 million rubles., or 44%, with 1 018 346 million rubles. as at 31 December 2008 to 1 469 091 million rubles. at September 30, 2009 This is explained mainly by an increase in long-term loans.
The table below presents the unaudited consolidated interim condensed statement of comprehensive income under IFRS for the nine months ended September 30, 2009 and 2008. All amounts are presented in millions of Russian rubles.
Russia at the opening of the market is waiting to move dod19wnwards, while the MICEX index will test support around 1400 points
Today, continued decline of commodity stocks, the market can look better “telecom”
Technical analysis of oil prices, U.S. index and a pair of euro-dollar - all spoke in support of domestic “Bears”
In 2009, the company reduced shipments of ChTPZ pipe production by 23% to 1.131 million tons
Sberbank intends to acquire 60% stake in manufacturer”s packaging GOTEK
LUKoil signed a contract to develop West Qurna-2 in Iraq
On Friday, the U.S. stock market dominated by pessimism
The U.S. dollar continued to strengthen steadily against the European and “commodity” currencies
Review of the FOREX market for 29.01.10