PAO TMK

Unaudited Interim CondensedConsolidated Financial StatementsNine-month period ended September 30, 2016

PAO TMK

Unaudited Interim Condensed Consolidated Financial StatementsNine-month period ended September 30, 2016

Contents

Report on review of interim condensed consolidated financial statements................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................3

Unaudited Interim Consolidated Income Statement................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................4

Unaudited Interim Consolidated Statement of Comprehensive Income................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................5

Unaudited Interim Consolidated Statement of Financial Position................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................6

Unaudited Interim Consolidated Statement of Changes in Equity................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................7

Unaudited Interim Consolidated Statement of Cash Flows................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................9

Notes to the Unaudited Interim Condensed Consolidated Financial Statements................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................10

1) Corporate Information................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................10

2) Significant Accounting Policies................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................10

3) Segment Information................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................12

4) Cost of Sales................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................14

5) Selling and Distribution Expenses................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................15

6) General and Administrative Expenses................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................15

7) Research and Development Expenses................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................15

8) Other Operating Income and Expenses................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................16

9) Income Tax................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................16

10) Acquisition and Disposal of Subsidiaries................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................16

11) Cash and Cash Equivalents........................................................................................................