Committed to growth

Financial Statements
Key financial and non-financial data
US$, thousands Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014
Sales 1,049,845 1,120,001 1,135,251 1,235,246 1,145,873 1,186,922
Nitrogen products 507,167 443,045 504,500 558,942 491,099 506,672
– Nitrogen fertilizers 506,578 442,116 503,643 558,475 490,480 505,945
– Other products 589 929 857 467 619 727
Phosphate and complex fertilizers 354,836 479,574 438,873 475,686 415,892 411,652
– Phosphate fertilizers 146,472 216,755 240,989 226,072 201,545 222,034
– Complex fertilizers 169,775 227,716 151,204 212,394 171,651 158,237
– Feed phosphates 38,589 35,103 46,680 37,220 42,696 31,381
Other fertilizers 7,384 11,440 2,449 2,393 3,666 8,607
Iron ore concentrate 49,578 64,592 64,539 62,489 74,243 103,171
Apatite and baddeleyite concentrates 7,683 7,542 6,209 8,902 7,597 7,675
– Apatite concentrate
– Baddeleyite concentrate 7,683 7,542 6,209 8,902 7,597 7,675
Industrial products 84,602 86,655 90,122 86,680 109,216 114,963
– Organic synthesis products 65,760 71,523 70,079 68,350 85,122 91,377
– Other products 18,842 15,132 20,043 18,330 24,094 23,586
Hydrocarbons 6,531 7,548 8,606 8,162 11,152 14,240
Other sales 32,064 19,605 19,953 31,992 33,008 19,942
– Logistic services 9,517 5,903 5,675 5,282 2,940 5,084
– Other products 3,716 2,160 2,308 14,706 8,937 3,375
– Other services 18,831 11,542 11,970 12,004 21,131 11,483
Cost of sales (621,917) (645,755) (645,611) (649,982) (689,296) (707,360)
Including:
– Raw materials (301,465) (294,503) (296,955) (312,194) (331,983) (350,498)
– Goods for resale (218,860) (118,420) (100,522) (128,344) (103,945) (92,572)
– Other materials (30,082) (43,212) (41,443) (35,621) (45,518) (58,913)
– Energy (37,283) (34,951) (37,501) (35,266) (49,603) (54,604)
– Utilities and fuel (19,434) (15,705) (20,208) (19,472) (26,422) (26,017)
– Labor (54,685) (55,962) (64,370) (57,108) (63,245) (75,419)
– Changes in work in progress
and finished goods 126,962 18,620 5,713 23,315 34,736 66,294
– Other costs (87,070) (101,622) (90,325) (85,292) (103,316) (115,631)
Gross profit 427,928 474,246 489,640 585,264 456,577 479,562
– Gross profit margin (%) 41% 42% 43% 47% 40% 40%
Distribution costs (137,779) (140,905) (157,029) (130,589) (140,332) (184,790)
General and administrative expenses (42,156) (42,134) (43,359) (40,342) (53,801) (55,846)
Other operating income/(expenses), net 45,003 73,178 (38,325) (8,174) 142,560 48,965
Operating profit 292,996 364,385 250,927 406,159 405,004 287,891
Operating profit margin (%) 28% 33% 22% 33% 35% 24%
Share of profit from associates 6,772 6,193 5,191 6,013 4,118 4,777
Dividend income
Gain/(loss) on disposal of available-for-sale
investments
Interest income 4,300 5,452 4,161 3,418 4,404 3,005
Interest expense (33,769) (28,482) (36,063) (32,584) (32,857) (51,061)
Financial foreign exchange gain/(loss), net (112,768) (112,450) (4,483) 16,274 (625,660) (370,714)
Other financial gain/(loss), net (18,139) (99,095) 62,973 5,478 (400,972) (96,486)
Profit/(Loss) before taxation 139,392 136,003 282,706 404,758 (645,963) (222,588)
Income tax expense (4,736) (32,663) (103,749) (65,623) 5,293 (17,900)
Profit for the period 134,656 103,340 178,957 339,135 (640,670) (240,488)
120 EuroChem Annual Report and Accounts 2015