Annual Report 2010 - Baltika Breweries
Annual Report 2010 - Baltika Breweries
Annual Report 2010 - Baltika Breweries
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Consolidated Statement of Comprehensive Income for the year ended 31 December <strong>2010</strong><br />
’000 RUB Note <strong>2010</strong> 2009<br />
Revenue 79,306,979 93,720,164<br />
Cost of sales (34,161,877) (42,466,337)<br />
Gross profit 45,145,102 51,253,827<br />
Other income 6 75,551 72,217<br />
Distribution expenses (18,551,647) (19,150,073)<br />
Administrative expenses 7 (2,429,000) (2,528,721)<br />
Other expenses 8 (551,231) —<br />
Results from operating activities 23,688,775 29,647,250<br />
Finance income 10 1,269,192 1,834,591<br />
Finance costs 10 (712,991) (2,349,918)<br />
Net finance costs 556,201 (515.327)<br />
Share of loss of equity accounted investees (net of income tax) (57,629) (29,734)<br />
Profit before income tax 24,187,347 29,102,189<br />
Income tax expense 11 (5,016,165) (5,729,920)<br />
Profit for the year 19,171,182 23,372,269<br />
Other comprehensive income<br />
Foreign currency translation differences for foreign operations 62,340 257,818<br />
Total comprehensive income for the year 19,233,522 23,630,087<br />
Earnings per share<br />
Basic and diluted earnings per share 21 112.55 RUB 147.14 RUB<br />
These consolidated financial statements were approved by management on 18 February 2011<br />
and were signed on its behalf by:<br />
Anton Artemiev<br />
President<br />
Ekaterina Azimina<br />
Vice-President of finance and economy<br />
The consolidated statement of comprehensive income is to be read in conjunction with the notes to, and forming part of, the<br />
consolidated financial statements set out on pages 72 to 94.<br />
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