REPORT for 2015 year

2.4. Auditor’s opinion on Long-term development programme

KPMG Joint Stock Company performed audit of the Transneft PJSC Long-term development programme implementation for 2015 year. Following the results of the performed audit there was received the Opinion on Transneft PJSC Long-term development programme implementation for 2015 year dated 05.04.2016 year.

The table contains data on achievement of indicators of Transneft PJSC in 2015 year, as well as comparison thereof with the real indicators in 2014 year.

Transneft PJSC operational performance and finance indicators

Name of indicator

Unit

2014
fact

2015

plan

fact

1.

Oil freight ton-miles

mlrd tkm

1 147,2

1 150,21

1 185,0

2.

Oil products volume of transportation within the system of OPTP

mln tons

31,1

32,0

32,2

3.

Electricity intensity-of-use coefficient, oil transportation

thousand
kWt·h/
mln t·km

11,37*

11,16

11,16

4.

Electricity intensity-of-use coefficient, oil products transportation

thousand
kWt·h/
mln t·km

17,62*

17,59

15,55

5.

Increase in labour productivity

%

was not planned

5,9

10,2

6.

Operating cost per unit for oil transportation per 100 tkm oil freight ton-miles

RUR / 100 tkm

17,152

17,0

16,46

7.

Total Debt to EBITDA ratio

-

2,2

не более 2,5

2,3

8.

Net profit margin (without allowance of investment components impact and  difference in exchange)

%

20,2

19,2

22,9

9.

Investment expenditures reduction volume

mln RUR

6 928

5 275,33

5 942,3

10.

Operating expenses reduction volume

mln RUR

8 924

4 098

4 113

11.

R&D and investment projects volume of financing
(in percentage of earning)

%

1,4

1,4

1,4

*NB: Real indicator of electricity intensity-of-use coefficient for 2014 year standardized to the plan of 2015 year

 

1 Resolution of the Transneft PJSC Board of Directors dated 15.04.2015 year (Minutes № 6) on correction of Transneft PJSC  budget and consolidated budget of the Transneft group for 2015 year;

2 For comparability, the value shown in the prices of 2015 year and calculated in the same manner as for the reporting year.

3 Resolution of the Board of Directors (Minutes № 26 dated 28.10.2015 year) on correction of the Transneft PJSC Long-term development programme for the period until2020 year.