Share of profit of equity accounted investments

Share of profit of equity accounted investments (RUB mn)
Сompanies 2015 2016 ∆, %
Slavneft 9,265 13,916 50.2
SeverEnergia (Arcticgas) 11,913 14,472 21.5
Nortgaz 3,466 3,009 (13.2)
Other companies 312 2,719 771.5
Share of profit of associates and joint ventures 24,956 34,116 36.7

The Group’s share in profit of SeverEnergia (Arcticgas) increased by 21.5% YOY as a result of increased hydrocarbones production and reduction of financial expenses.

Other income and expenses

Other expenses in 2016 mainly include inventories and non-current assets disposal and impairment.

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.