2014 Annual report
RU

Financial Results Analysis

The Company’s revenue in the reporting period was the combined income from the following types of activities:

Dynamics of key financial indicators

Basic financial indicators for 2010–2014 and their forecast for 2015
Name of the indicator, RUB mln 2010 2011 2012 2013 2014 2015FThe forecast of 2015 indicators was brought into accordance with the business plan that had been approved by the Company.
Revenue from sales 26,669 30,849 31,169 42,050 44,262 39,448
Production costs 25,145 27,781 28,129 38,293 40,030 35,911
Gross profit 1,524 3,067 3,040 3,757 4,232 3,536
Commercial expenses 25 30 29 474 487 90
Management expenses 776 819 900 889 853 951
Profit on sales 724 2,218 2,112 2,394 2,892 2,495
Balance of other income and expenses –1,071 –1,258 –1,689 –1,661 –3,421 –1,636
Profit before tax –348 960 423 733 –529 859
Profit taxation 459 552 361 433 91 291
Net profit –807 408In 2012, retrospective adjustments were made for the purpose of correction of accounting statements for recognition of deferred tax liability relating to the provision for doubtful debt resulting in the increase in the balance of deferred tax liabilities with the relevant effect on the financial result of 2011 which amounted, with the adjustments made, to RUB 411 million. 62 300In 2014 retrospective adjustments were made for the purpose of correction of accounting statements for recognition of deferred tax liability relating to the provision for doubtful debt resulting in the increase in the balance of deferred tax liabilities with the relevant effect on the financial result of 2013 which amounted, with the adjustments made, to RUB 275 million. –620 568
Dynamics of production cost structure, %
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