eurochem-annual-report-2011

Financial information
Consolidated statement of comprehensive income
for the year ended 31 December 2011
(all amounts are presented in thousands of Russian Roubles, unless otherwise stated)
2011 2010
Sales 20 131,298,080 97,787,533
Cost of sales 21 (63,641,275) (50,205,529)
Gross profit 67,656,805 47,582,004
Distribution costs 22 (18,952,488) (17,784,897)
General and administrative expenses 23 (4,653,188) (3,754,449)
Other operating income/(expenses) 24 (190,858) (16,695)
Operating profit 43,860,271 26,025,963
Dividend income 9 613,927 147,946
Loss on disposal of non-current assets held for sale – (429,598)
Gain on disposal of available-for-sale investments 9 914,434 1,407,261
Financial foreign exchange gain/(loss) – net (3,803,986) (389,660)
Interest income 644,524 180,444
Interest expense (3,122,871) (2,066,011)
Other financial gain/(loss) – net 25 993,863 134,831
Profit before taxation 40,100,162 25,011,176
Income tax expense 26 (8,068,769) (4,958,699)
Net profit for the period 32,031,393 20,052,477
Other comprehensive income/(loss)
Currency translation differences, net of tax 495,249 (695,283)
Revaluation of available-for-sale investments 9 (12,689,257) 9,642,508
Disposal of available-for-sale investments – reclassification of revaluation to profit and loss 9 (914,434) (1,407,261)
Total other comprehensive income/(loss) for the period (13,108,442) 7,539,964
Total comprehensive income for the period 18,922,951 27,592,441
Net profit for the period attributable to:
Owners of the parent 32,028,279 19,997,844
Non-controlling interests 3,114 54,633
32,031,393 20,052,477
Total comprehensive income attributable to:
Owners of the parent 18,908,932 27,588,209
Non-controlling interests 14,019 4,232
18,922,951 27,592,441
Earnings per share – basic and diluted (in RR) 27 489.05 294.38
The accompanying notes on pages 81 to 116 are an integral part of these consolidated financial statements.
78 EuroChem Annual Report and Accounts 2011