Annual Report 2010 - Magnitogorsk Iron & Steel Works

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conferences for investors with MMK management. Financial statements are supplemented with presentationsfor better insights into the results and the Company's strategy.MMK is committed to continuously improvin grelations with investors and shareholders in line with marketpractice, the latest legislation and the best practice standards.Investors are invited to contact our Shareholders Relations and Investor Relations divisions with any questions:Corporate Secretary:Valentina KhavantsevaTel: +7 (3519) 24-72-29Email: khavanceva.vn@mmk.ruInvestor Relations Dept,Andrei SerovTel: +7 (3519) 24-52-97. Fax: +7 (3519) 24-24-79. E-mail: serov.ae@mmk.ru2011 Financial Calendar*General Shareholders' Meetings20 January 2011 OJSC MMK Extraordinary General Shareholders' Meeting20May 2011OJSC MMK Annual General Shareholders' MeetingBoard of Directors Meetings15April 2011July 2011OJSC MMK Board of DirectorsSeptember 2011Publication of RAS Financial StatementsMarch 2011 IV quarter (12 months) of 2010April 2011 I quarter (3 months) of 2011August 2011 II quarter (6 months) of 2011October 2011 III quarter (9 months) of 2011Publication of IFRS Financial StatementsApril 2011 IV quarter (12 months) of 2010June 2011 I quarter (3 months) of 2011September 2011 II quarter (6 months) of 2011November 2011 III quarter (9 months) of 2011Publication of production results27 January 2011 IV quarter (12 months) of 2010April 2011 I quarter (3 months) of 2011July 2011 II quarter (6 months) of 2011October 2011 III quarter (9 months) of 2011*dates are subject to change (http://www.mmk.ru/for_investor/financial_calendar/)86
16 22 26 28 32 38 50 72MMK , sBusiness ModelMMK’s Missionand StrategyOJSC MMK Boardof Directors'The Company'sProductionSales MarketsFinancesCorporateGovernanceEnvironmentProtectionReport on Payment of Declared (Accrued) Dividends on OJSC MMK SharesThe total amount of dividend payments based on the results of 2010 will be RUB 3.6875289 bn.MMK's dividend policy is based on a balance of shareholders' interests and the Company’s requirements forfurther growth and technological upgrades.The Regulations on the Dividend Policy can be found at the following address:http://www.mmk.ru/corporate_governance/internal_documents/group_documents/Obligations to shareholders with regards to the payment of dividends are set forth in the Company's Charter.OJSC MMK Dividend PaymentsAmount ofBasis year fordividends per share,dividend accrualRUBDividends accrued2005 1.85419,708,392.77 RUB '000696,344.53 USD '0002006 3.20934,112,381.11 RUB '0001,287,696.70 USD '0002007 0.92010,488,754.52 RUB '000428,712.38 USD '0002008 0.3824,268,594.06 RUB '000173,891.90 USD '0002009 0.374,134,502.1 RUB '000130,921.54 USD '0002010 0.333,687,528.90 RUB '000121,420.12 USD '000Dividends to netprofit*74%90%24%16%56%48%*2005-2007 under US GAAP, 2008-2010 under IFRS (Parent company shareholders' profit for the period).Steel & Style , 10 MMK ANNUAL REPORT 87
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ContentsAnnual Report2010Editor-in-
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Products for the Automotive Sector6
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Statement of the Chairmanof the Boa
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16 22 26 28 32 38 50 72MMK , sBusin
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16 22 26 28 32 38 50 72MMK , sBusin
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Business Model ММК16
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18Diverse Product Mix and Sales Foo
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Significant Growth Potential20
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NEW TRACKSMMK’s Missionand Strate
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To localize their production, forei
Page 26 and 27:
OJSC MMK Board of Directors' Report
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The Company's ProductionOperationsT
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The Company's Production Operations
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16 22 26 28 32 38 50 72MMK , sBusin
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Page 37 and 38: Any colouror hue foryourproduct!Col
Page 49 and 50: The Head of the State also highly p
Page 67 and 68: Risk ManagementIn 2010, the followi
Page 76 and 77: MMK Industrial Waste108644,8Total s
Page 78 and 79: Stakeholder EngagementCorporate soc
Page 80 and 81: Demag, ThyssenKrupp, АМСОМ, AL
Page 82 and 83: Information forShareholders andInve
Page 84 and 85: OJSC MMK Share Quotes and Trading V
Page 88 and 89: Open Joint Stock CompanyMagnitogors
Page 90 and 91: CONSOLIDATED STATEMENT OF FINANCIAL
Page 92 and 93: CONSOLIDATED STATEMENT OF CHANGES I
Page 94 and 95: CONSOLIDATED STATEMENT OF CASH FLOW
Page 96 and 97: Information on Companies in Which O
Page 98 and 99: Part Description PagePart 2: Financ
Page 100 and 101: Use of the GRI Reporting Framework
Page 102: No. Description Pages CommentsEN2 P
Page 106 and 107: General Information on OJSC MMKFull
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