Annual Report 2012

Consolidated statement of comprehensive income

for the year ended 31 December 2012 (in millions of Russian Roubles, except for per share amounts)

  Note 2012 2011
Revenue 6 71,112 65,431
Cost of sales 23 (40,440) (35,457)
Gross profit   30,672 29,974
Transportation expenses 25 (6,751) (6,586)
Selling, general and administrative expenses 24 (5,476) (4,574)
Gain on sales of exploration permits 14 - 4,839
Gain on disposal of investments 16,18 309 4,188
Other operating expenses, net 27 (25) (110)
Operating profit   18,729 27,731
Finance income/(costs), net 26 1,560 (401)
Interest expense   (1,152) (1,240)
Loss on derivatives, net   (178) (566)
Profit before taxation   18,959 25,524
Income tax expense 29 (4,098) (5,196)
Profit for the year   14,861 20,328
Other comprehensive income/(loss):
Available-for-sale investments:
- Gains/(losses) arising during the year 16 1,067 (180)
- Reclassification of revaluation gain on disposal to profit and loss 16 (248) (4,252)
- Income tax recorded directly in other comprehensive income 29 (164) 886
Currency translation differences   (56) 447
Other comprehensive income/(loss) for the year   599 (3,099)
Total comprehensive income for the year   15,460 17,229
Profit is attributable to:
Owners of the Company   14,195 18,329
Non-controlling interest   666 1,999
Profit for the year   14,861 20,328
Total comprehensive income is attributable to:
Owners of the Company   14,921 17,709
Non-controlling interest   539 (480)
Total comprehensive income for the year   15,460 17,229
Earnings per share, basic and diluted (expressed in Russian Roubles) 28 350.52 433.10
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