L ( period length )
year ended
year ended
31 december 2018
31 december 2017
profit for the year
211548
123 892
adjustments net interest fee and commission and other operating
-income/expenses and -gains/losses on banking activities
-557
808
depreciation depletion and amortization
30520
24 885
income tax expense
62241
39 646
net impairment losses on financial assets
14955
15 047
net impairment losses on property plant and equipment and
other non-financial assets
5874
356
loss on disposals of interests in subsidiaries and associates
effects of foreign exchange
1445
-504
equity investments gain net of dividends received
32
10
change in provision for impairment of financial assets -for
comparatives only
-
3 462
interest income on non-banking activities
-5497
-6 494
interest expense on non-banking activities net of amounts
changes in operational working capital excluding cash
accounts receivable
-27786
1 245
inventories
-11015
-5 997
prepaid expenses and other current assets
132
66
securities at fair value through profit or loss
504
-106
accounts payable and accrued liabilities
4011
-6 265
taxes payable
10939
4 071
other non-current assets
73
375
net cash provided by non-banking operating activities
before income tax and interest
303658
197 033
net interest fee and commission and other operating
income/-expenses and gains/-losses on banking activities
557
-808
provision for loan impairment
1310
8 685
provision for losses on credit related commitments
-551
-
change in fair value of financial assets
917
-
changes in operational working capital on banking activities excluding cash mandatory reserve deposits with central bank of russian
due from banks
-589
8 371
banking loans to customers
-11107
15 861
due to banks and central bank of russian federation
-16149
15 181
banking customers accounts
18413
-18 961
debt securities issued
-2298
-1 098
financial assets at fair value through profit or loss
4989
-534
other assets and liabilities
-
-2 620
net cash -used/provided by banking operating activities
before income tax
-4302
22 307
income taxes paid
-58150
-35 144
interest paid on non-banking activities
-846
-160
interest received on non-banking activities
5396
6 236
net cash provided by operating activities
245756
190 272
the accompanying notes are an integral part of these consolidated financial statements
tatneft consolidated statement of cash flows -in millions of russian rubles
31 december 2018
31 december 2017
additions to property plant and equipment
-97945
-84 986
proceeds from disposal of property plant and equipment
1693
1 744
net cash outflow on acquisition of subsidiaries
-173
-3 300
cash inflow from disposal of subsidiaries and associates net of
purchase of available-for-sale financial assets -for comparatives
purchase of financial assets at fair value through other
comprehensive income
-35086
-
purchase of held to maturity investments -for comparatives only
-
-59 038
purchase of financial assets at amortised cost
-20965
-
proceeds from disposal of available-for-sale financial assets -for
comparatives only
-
19 379
proceeds from disposal of financial assets at fair value through
other comprehensive income
36574
-
proceeds from redemption of held to maturity investments -for
comparatives only
-
13 680
proceeds from redemption of financial assets at amortised cost
43658
-
-purchase/proceeds from sale of non-current assets held for sale
170
901
proceeds from/-purchase of investments in associates and joint
proceeds from redemption of bank deposits
21314
33 399
placement of bank deposits
-21053
-994
proceeds from redemption of loans and notes receivable
4282
1 343
issuance of loans and notes receivable
-24068
-1 316
change in restricted cash
-
3
net cash used in investing activities
-91569
-112 322
proceeds from issuance of debt from non-banking activities
25920
25 107
repayment of debt from non-banking activities
-49466
-5 434
issuance of bonds
-
2 365
redemption of bonds
-6979
-25 740
proceeds from subordinated debt
-
194
repayment of subordinated debt
-1359
-
dividends paid to shareholders
-100920
-108 479
dividends paid to non-controlling shareholders
-46
-15
purchase of treasury shares
-
-32
proceeds from sale of treasury shares
-
31
proceeds from issuance of shares by subsidiaries
-
18
net cash used in financing activities
-132850
-111 985
net change in cash and cash equivalents
21337
-34 035
effect of foreign exchange on cash and cash equivalents
1355
-274
cash and cash equivalents at the beginning of the period
42797
77 106
cash and cash equivalents at the end of the period
65489
42 797
