Key indicators

Key financial and production indicators
2015 2016 2017
Financial
EBITDA, RUB billion 816.7 730.7 831.6
Total debt/EBITDA 1.1 1.0 0.7
Capital expenditure, RUB billion 600.6 497.1 511.5
Adjusted net profit, RUB billion 363.5 303.8 399.4
Research and technical costs, RUB billion 5.5 5.8 5.8
Number of patents received 20 23 20
Production
Production of oil and gas condensate (including shares in affiliates), million barrels 736 676 645
Crude oil production (including share by equity affiliates), thousand tonnes 100,688 91,992 87,414
Gas production, billion cubic meters 23,966 24,922 28,861
including APG 8,378 9,272 8,942
Petroleum products output, thousand tonnesAt the Group’s refineries, subsidiary refineries, and third-party refineries (by Group share). 61,750 63,069 69,908
Full cycle lubricant production, thousand tonnes 812 917 998
Lubricant blending, thousand tonnes 117 118 128
Output of petrochemicals, thousand tonnes 1,074 1,270 1,171
Economic value created and distributed, RUB million
2015 2016 2017
Direct economic value created 5,810,758 5,256,250 6,010,089
Revenue 5,749,050 5,227,045 5,936,705
Income from financial investments 17,763 14,756 15,151
Income from sale of material assets 43,945 14,449 58,233
Direct economic value distributed (5,202,356) (4,741,979) (5,380,245)
Operating expenses (3,702,873) (3,413,258) (3,908,114)
Employee payroll (126,506) (136,035) (127,851)
Other employee payments and benefits (4,837) (20,370) (1,135)
Payments to providers of capital (161,747) (175,435) (166,125)
including dividends paid (115,106) (130,728) (141,499)
including interest paid to creditors (46,641) (44,707) (24,626)
Payments to the government (1,198,464) (984,821) (1,168,011)
Investments in society (7,929) (12,060) (9,009)
Undistributed economic value 608,402 514,271 629,844


Comment. Income from financial investments = Income from interest on deposits + Income from interest on issued loans + Other financial income. Income from the sale of tangible assets = Profit from the sale and disposal of assets. Operating expenses = Cost of acquired oil, gas and processed products thereof + Transportation expenses + Sale, general and administrative expenses – Employee payroll – Other employee payments and benefits = Salary (including remuneration, estimated liabilities, compensation + incentive payments, pension insurance, voluntary medical insurance, accident voluntary insurance). Other employee payments and benefits = Accruals on the remuneration program. Paid dividends = Dividends paid on the shares of the Company + Dividends paid to the holders of non-controlling interests. Paid interest to creditors = Interest expenses + Other financial expenses. Payments to the government = Taxes (other than income tax) + Excise and export duties + Current income tax. Investments in society = Charitable expenses.