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ANNUAL REPORT 2007 - Uralkali

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<strong>Uralkali</strong> Group<br />

Consolidated statement of income for the year ended December 31, <strong>2007</strong><br />

(in millions of Russian Roubles unless otherwise stated)<br />

The accompanying notes form an integral part of these consolidated financial statements.<br />

Restoring nature’s balance<br />

uRAlkAli<br />

Note <strong>2007</strong> 2006<br />

Revenues 19 29,499 22,290<br />

cost of sales 20 (7,108) (6,307)<br />

Gross profit 22,391 15,983<br />

Distribution costs 21 (7,957) (6,691)<br />

General and administrative expenses 22 (3,473) (2,058)<br />

Taxes other than income tax (283) (258)<br />

other operating expenses 24 (556) (426)<br />

Operating profit 10,122 6,550<br />

Mine flooding costs 26 274 (2,054)<br />

Finance income 25 1,251 914<br />

Finance expense 25 (1,524) (1,084)<br />

Profit before income tax 10,123 4,326<br />

income tax expense 27 (2,078) (832)<br />

Profit for the year 8,045 3,494<br />

Profit is attributable to:<br />

Equity holders of the company 8,042 3,494<br />

Minority interest 3 -<br />

Net profit for the year 8,045 3,494<br />

Earnings per share — basic and diluted (in RR) 29 3,83 1,66<br />

Annual report<br />

47

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