Annual Report 2012

Consolidated statement of financial position

at 31 December 2012 (in millions of Russian Roubles)

  Note 31
December
2012
31
December
2011

Assets

Non-current assets
Property, plant and equipment 13 47,866 33,472
Exploration and evaluation licences and expenditure 14 26,371 24,345
Leasehold land 12 460 515
Goodwill 15 1,267 1,267
Available-for-sale investments 16 4,824 19,950
Long-term loans receivable 10 23 68
Deferred tax assets 29 827 562
Other non-current assets   961 975
Total non-current assets   82,599 81,154
Current assets
Inventories 11 12,968 9,179
Short-term loans receivable 10 1,363 920
Accounts receivable 9 9,622 10,695
Available-for-sale investments 16 19,857
Trading investments 18 860 345
Irrevocable bank deposits 8 1,435 1,121
Cash and cash equivalents 8 27,453 13,509
Other current assets   462 387
Total current assets   74,020 36,156
Total assets   156,619 117,310

Equity

Share capital 22 3,046 3,125
Treasury shares   (4) (79)
Retained earnings   43,742 36,726
Revaluation reserve   16,047 15,392
Other reserves   (171) (5,588)
Cumulative currency translation difference   762 691
Share capital and reserves attributable to the Company’s owners   63,422 50,267
Non-controlling interest 22 15,698 2,781
Total equity   79,120 53,048

Liabilities

Non-current liabilities
Long-term borrowings 21 38,176 32,391
Finance lease liability   10 24
Derivative financial liability 17 256 220
Deferred tax liability 29 5,635 4,659
Other non-current liabilities   500 498
Total non-current liabilities   44,577 37,792
Current liabilities
Accounts payable 19 5,349 4,123
Notes payable   629 315
Current income tax payable   175 1,495
Other taxes payable 20 493 258
Short-term borrowings 21 23,383 16,052
Advances received   2,554 3,524
Finance lease liability   16 18
Derivative financial liability 17 7 396
Other current liabilities   316 289
Total current liabilities   32,922 26,470
Total liabilities   77,499 64,262
Total liabilities and equity   156,619 117,310

Approved for issue and signed on behalf of the Board of Directors on 15 April 2013.

V.Y. Kunitsky
President

A.V. Milenkov
Finance Director

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