Annual report 2007 - Magnitogorsk Iron & Steel Works ...

23
LOSS AND PROFIT STATEMENT for 2007
Unit thousand rubles
Item Description Code
INCOME AND EXPENSES FROM ORDINARY
ACTIVITIES
Net revenue from sold goods, products and
services
(less VAT, excise tax and
For the
accounting
year
1 2 3
For the same period
of the previous year
similar compulsory payments) 010 190,287,241 161,432,730
Cost of goods and services sold 020 (129,006,056) (102,745,086)
Gross profit 029 61,281,185 58,687,644
Commercial expenses 030 (3,758,206) (2,490,955)
Administrative expenses 040 (6,075,677) (6,087,699)
Sales profit 050 51,447,302 50,108,990
OTHER INCOME AND EXPENSES
Interest receivable 060 3,028,805 1,721,785
Interest payable 070 (1,252,073) (1,194,502)
Income from participation in other
organizations
080 220,906 205,630
Other income 090 115,612,184 175,910,273
Other expenses 100 (100,731,060) (177,681,152)
Profit before tax 140 68,326,064 49,071,024
Deferred tax assets 141 24,537 27,526
Deferred tax liabilities 142 (4,894,361) (46,880)
Current income tax 150 (12,018,627) (12,019,497)
Tax penalties 151 (6,669) 16,983
Previous periods’ income tax 152 292,080 64,955
NET PROFIT FOR THE ACCOUNTING YEAR 190 (51,723,024) (37,114,111)
FOR REFERENCE
Deferred expenses from income tax 207 16,387,348 11,701,156
Fixed tax liabilities 208 1,119,359 882,427
Fixed tax assets 209 (618,256) (544,732)
Basic earnings per share 210 4,60 3,49