Share of profit of equity accounted investments
| Сompanies | 2016 | 2017 | ∆, % |
|---|---|---|---|
| Slavneft | 13,916 | 10,347 | (25.6) |
| SeverEnergia (Arcticgas) | 14,472 | 19,861 | 37.2 |
| Messoyakha | (947) | 9,976 | – |
| Nortgaz | 3,009 | 3,433 | 14.1 |
| Other companies | 3,666 | 1,887 | (48.5) |
| Share of profit of associates and joint ventures | 34,116 | 45,504 | 33.4 |
Share of Slavneft profit decreased YOY mainly due to a production decline, depreciation growth and decreased income from foreign exchange differences. Share of SeverEnergia (Arcticgas) profit increased by 37.2% YOY as a result of increased EBITDA and reduction of financial expenses. 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.