Share of profit of equity accounted investments
|Share of profit of associates and joint ventures||34,116||45,504||33.4|
The share of Slavneft profit decreased YOY mainly due to a production decline, depreciation growth and decreased income from foreign exchange differences. The share of SeverEnergia (Arcticgas) profit increased by 37.2% YOY as a result of increased EBITDA and reduction of financial expenses. The share of Messoyakha profit increased YOY as a result of started commertial production in 4Q 2016.
Other income and expenses
Other expenses decreased by 58.0% YOY. Other expenses in 2017 mainly include impairment provision of advances paid.
Other financial items
Foreign exchange gains/losses were mainly due to revaluation of the portion of the Group’s debt portfolio that is denominated in foreign currencies.