eurochem-annual-report-2011

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Contact information EuroChem Address: 53 Dubininskaya Street, bldg. 6, Moscow, 115054 Tel.:+7 (495) 795 2527 Fax: +7 (495) 795 2532 Investor Relations E-mail: ir@eurochem.ru PR and Communications Department E-mail: pr@eurochem.ru Shareholder Registrar Computershare Registrar, CJSC Address: 8 Ivana Franko Street, Moscow, 121108 Tel: +7(495) 926-8160 Fax: +7 (495) 926-8178 E-mail: info@nrcreg.ru Website: www.nrcreg.ru License Information Date of issue: 6 September 2002 Number: 10-000-1-00252 Form: Series 03-000397 Valid until: No expiration date Issued by: Russian Federal Securities Commission Signed by: Mr. I.V. Kostikov, Chairman of the Russian Federal Securities Commission EuroChem’s RAS auditor Full name: Financial and Accounting Consultants Short name: FBK (LLC) Russian Audit Chamber Membership No. 5353 ORNZ – 10201039470 Address: 44 Myasnitskaya Str.bld.1, Moscow, 101990 Tel: +7 (495) 737 5353 Website: www.fbk.ru EuroChem’s IFRS auditor Full name: ZAO PricewaterhouseCoopers Audit Short name: ZAO PwC Audit Address: 10, Butyrsky Val, Moscow, 125047 Tel: +7 (495) 967 6000 Fax: +7 (495) 967 6001 Website: www.pwcglobal.com 120 EuroChem Annual Report and Accounts 2011
Forward-looking statements This annual report has been prepared by EuroChem MCC. OJSC (“EuroChem” or the “Company”) for informational purposes, and may include forward-looking statements or projections. These forward-looking statements or projections include matters that are not historical facts or statements and reflect the Company’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, performance, prospects, growth, strategies, and the industry in which the Company operates. By their nature, forwarding-looking statements and projections involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements and projections are not guarantees of future performance and that the actual results of operations, financial condition and liquidity of the Company and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements or projections contained in this publication. Factors that could cause the actual results to differ materially from those contained in forward-looking statements or projections in this publication may include, among other things, general economic conditions in the markets in which the Company operates, the competitive environment in, and risks associated with operating in, such markets, market change in the fertilizer and related industries, as well as many other risks affecting the Company and its operations. In addition, even if the Company’s results of operations, financial condition and liquidity and the development of the industry in which the Company operates are consistent with the forward-looking statements or projections contained in this publication, those results or developments may not be indicative of results or developments in future periods. The Company does not undertake any obligation to review or confirm expectations or estimates or to update any forward-looking statements or projections to reflect events that occur or circumstances that arise after the date of this publication. Statements regarding competitive position Statements referring to EuroChem’s competitive position are based on the company’s belief and, in some cases, rely on a range of sources, including investment analysts’ reports, independent market studies and EuroChem’s internal assessments of market share based on publicly available information about the financial results and performance of market participants. If you have finished reading this Report and no longer wish to retain it, please pass it on to other interested readers, return it to EuroChem or dispose of it in your recycled paper waste. Thank you. The Annual Report is available on www.eurochem.ru Designed and produced by The College www.the-college.com
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Enabling our future Annual Report a
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...by supplying world markets Our s
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2011 Operational highlights > Succe
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Potash 912 MMT of proven and probab
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16 Estonia Lithuania 7 14 15 Belaru
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Raw materials Up to 80% self-suffic
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Ten years of performance Ten years
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A record RUB 131bn in revenues 66%
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4. Global economy Emerging economie
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Ranking by nutrient capacity MMT p.
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Despite the significant breakthroug
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Business review Our strategy Our st
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Enabling our future... ...by supply
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7billion World population in 2011 9
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Severneft-Urengoy Novy Urengoy, Yam
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Environmental footprint -16% decrea
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Our commitment We have committed US
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Vertical integration > 2.8 MMT p.a.
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Employee participation Our employee
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The following table highlights our
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Nitrogen segment RUBbn, or as indic
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Over the next five years (2012-2016
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Phosphate segment RUBbn or as indic
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EuroChem’s main planned investmen
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i Along with nitrogen and phosphate
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Distribution RUBbn, or as indicated
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i At Tuapse, one of our priorities
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Cost of sales and gross margin As i
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2011 2010 2009 RUBm % of total % ch
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Balance sheet Working capital Worki
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Environment We’ve come a long way
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Occupational health and safety We s
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Strategic risks We classify as stra
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Area Ref. code Nature Description S
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Richard Sheath Audit Committee Chai
Page 71 and 72: Nikolay Pilipenko Audit Committee Q
Page 73 and 74: Where did we focus in 2011? The Boa
Page 75 and 76: The Strategy Committee The Strategy
Page 77 and 78: 1 Andrey Melnichenko (39) Chairman
Page 79 and 80: Financial information Consolidated
Page 81 and 82: Financial information Consolidated
Page 83 and 84: Financial information Notes to the
Page 85 and 86: 2 Basis of presentation and signifi
Page 87 and 88: 2 Basis of presentation and signifi
Page 89 and 90: 3 Critical accounting estimates, an
Page 91 and 92: 4 Adoption of new or revised standa
Page 93 and 94: 6 Segment information continued The
Page 95 and 96: 8 Intangible assets Note Acquired s
Page 97 and 98: 10 Mineral rights continued As of 3
Page 99 and 100: 13 Cash and cash equivalents and fi
Page 101 and 102: 15 Bank borrowings continued Intere
Page 103 and 104: 17 Derivative financial assets and
Page 105 and 106: 22 Distribution costs Distribution
Page 107 and 108: 26 Income tax continued The movemen
Page 109 and 110: 29 Business combinations Acquisitio
Page 111 and 112: 31 Contingencies, commitments and o
Page 113 and 114: 32 Financial and capital risk manag
Page 119 and 120: Financial information Main producti
Page 121: Q4 2010 Q3 2010 Q2 2010 Q1 2010 201
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eurochem-annual-report-2011

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