Financial statements under International Financial Reporting Standards

Financial Statements under International Financial Reporting Standards (IFRS)
Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2013
(in thousands of Russian rubles , unless otherwise stated)

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  Notes Year ended 31 December 2013 Year ended 31 December 2012 (restated)
Revenues 4 65 523 246 59 430 818
Operating expenses 5 (67 115 969) (59 650 427)
Other operating income 7 1 818 750 839 080
Result from operating activities   226 027 619 471
Finance income 8 193 633 602 042
Finance costs 8 (1 400 481) (674 197)
Loss on disposal of subsidiary 1 (11 786)
Share of profit of equity accounted investee 11 67 898
(Loss)/Profit before income tax   (992 607) 615 214
Income tax 9 (107 272) (350 253)
(Loss)/Profit for the year   (1 099 879) 264 961
Other comprehensive income      
Items that may be reclassified subsequently to profit or loss: Net change in fair value of available-forsale financial assets   (6 012) (13 036)
Items that will not be reclassified to profit or loss: Remeasurement of defined benefit liability   (468 258) (290 613)
Income tax relating to other comprehensive income   86 599 55 784
Other comprehensive income for the year, net of income tax   (387 671) (247 865)
Total comprehensive income for the year   (1 487 550) 17 096
(Loss)/Profit attributable to:      
Owners of the Company   (1 170 536) 301 508
Non-controlling interests   70 657 (36 547)
Total comprehensive income attributable to:      
Owners of the Company   (1 555 944) 56 052
Non-controlling interests   68 394 (38 956)
(Loss)/Earnings per share. Basic and diluted (loss)/earnings per share (expressed in RUB) 17 (0.0134) 0.0034
  Notes Year ended 31 December 2013 Year ended 31 December 2012 (restated)
Revenues 4 65 523 246 59 430 818
Operating expenses 5 (67 115 969) (59 650 427)
Other operating income 7 1 818 750 839 080
Result from operating activities   226 027 619 471
Finance income 8 193 633 602 042
Finance costs 8 (1 400 481) (674 197)
Loss on disposal of subsidiary 1 (11 786)
Share of profit of equity accounted investee 11 67 898
(Loss)/Profit before income tax   (992 607) 615 214
Income tax 9 (107 272) (350 253)
(Loss)/Profit for the year   (1 099 879) 264 961
Other comprehensive income      
Items that may be reclassified subsequently to profit or loss: Net change in fair value of available-forsale financial assets   (6 012) (13 036)
Items that will not be reclassified to profit or loss: Remeasurement of defined benefit liability   (468 258) (290 613)
Income tax relating to other comprehensive income   86 599 55 784
Other comprehensive income for the year, net of income tax   (387 671) (247 865)
Total comprehensive income for the year   (1 487 550) 17 096
(Loss)/Profit attributable to:      
Owners of the Company   (1 170 536) 301 508
Non-controlling interests   70 657 (36 547)
Total comprehensive income attributable to:      
Owners of the Company   (1 555 944) 56 052
Non-controlling interests   68 394 (38 956)
(Loss)/Earnings per share. Basic and diluted (loss)/earnings per share (expressed in RUB) 17 (0.0134) 0.0034

Consolidated Statement of Financial Position as at 31 December 2013 (in thousands of Russian rubles unless otherwise stated)

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  Notes 31 December 2013 31 December 2012 (restated) 1 January 2012 (restated)
ASSETS        
Non-current assets        
Property, plant and equipment 10 58 335 777 54 843 634 52 998 691
Investment property 10 52 794 74 845 85 512
Intangible assets   1 405 3 534 2 279
Investment in equity accounted investee 11  –  – 1 177 799
Deferred tax assets 9 3 052 19 906 11 436
Other non-current assets 12 775 259 1 324 716 400 713
Total non-current assets   59 168 287 56 266 635 54 676 430
Current assets        
Inventories 13 887 058 1 070 835 1 278 163
Income tax receivable   403 473 162 173 284 959
Trade and other receivables 14 7 673 071 6 499 400 6 001 742
Prepayments for current assets 15 414 043 160 079 290 540
Cash and cash equivalents 16 1 992 380 2 593 982 1 429 881
Other current assets   28 823 34 082 268 109
Total current assets   11 398 848 10 520 551 9 553 394
TOTAL ASSETS   70 567 135 66 787 186 64 229 824
EQUITY AND LIABILITIES        
Equity 17      
Share capital   8 743 049 8 743 049 8 743 049
Other reserves   (1 016 022) (630 614) (385 159)
Retained earnings   31 410 740 32 737 778 32 681 075
Total equity attributable to shareholders of the   39 137 767 40 850 213 41 038 965
Non-controlling interest   826 312 781 741 845 456
Total equity   39 964 079 41 631 954 41 884 421
Non-current liabilities        
Loans and borrowings 18 13 717 354 9 967 021 7 315 828
Long-term advances 19 514 146 283 941 414 639
Employee benefits 20 1 990 407 1 498 252 1 120 322
Finance lease liabilities   162 11 603 53 825
Deferred tax liabilities 9 3 976 061 3 947 479 4 492 785
Total non-current liabilities   20 198 130 15 708 296 13 397 399
Current liabilities        
Loans and borrowings 18 462 425 667 208 775 436
Trade and other payables 21 8 483 450 7 232 015 6 710 080
Current portion of finance lease liabilities   13 659 45 813 106 502
Provisions 21 892 783 656 027 779 425
Other tax payable 22 520 841 654 000 530 609
Income tax payable   31 768 191 873 45 952
Total current liabilities   10 404 926 9 446 936 8 948 004
TOTAL LIABILITIES   30 603 056 25 155 232 22 345 403
TOTAL EQUITY AND LIABILITIES   70 567 135 66 787 186 64 229 824
  Notes 31 December 2013 31 December 2012 (restated) 1 January 2012 (restated)
ASSETS        
Non-current assets        
Property, plant and equipment 10 58 335 777 54 843 634 52 998 691
Investment property 10 52 794 74 845 85 512
Intangible assets   1 405 3 534 2 279
Investment in equity accounted investee 11  –  – 1 177 799
Deferred tax assets 9 3 052 19 906 11 436
Other non-current assets 12 775 259 1 324 716 400 713
Total non-current assets   59 168 287 56 266 635 54 676 430
Current assets        
Inventories 13 887 058 1 070 835 1 278 163
Income tax receivable   403 473 162 173 284 959
Trade and other receivables 14 7 673 071 6 499 400 6 001 742
Prepayments for current assets 15 414 043 160 079 290 540
Cash and cash equivalents 16 1 992 380 2 593 982 1 429 881
Other current assets   28 823 34 082 268 109
Total current assets   11 398 848 10 520 551 9 553 394
TOTAL ASSETS   70 567 135 66 787 186 64 229 824
EQUITY AND LIABILITIES        
Equity 17      
Share capital   8 743 049 8 743 049 8 743 049
Other reserves   (1 016 022) (630 614) (385 159)
Retained earnings   31 410 740 32 737 778 32 681 075
Total equity attributable to shareholders of the   39 137 767 40 850 213 41 038 965
Non-controlling interest   826 312 781 741 845 456
Total equity   39 964 079 41 631 954 41 884 421
Non-current liabilities        
Loans and borrowings 18 13 717 354 9 967 021 7 315 828
Long-term advances 19 514 146 283 941 414 639
Employee benefits 20 1 990 407 1 498 252 1 120 322
Finance lease liabilities   162 11 603 53 825
Deferred tax liabilities 9 3 976 061 3 947 479 4 492 785
Total non-current liabilities   20 198 130 15 708 296 13 397 399
Current liabilities        
Loans and borrowings 18 462 425 667 208 775 436
Trade and other payables 21 8 483 450 7 232 015 6 710 080
Current portion of finance lease liabilities   13 659 45 813 106 502
Provisions 21 892 783 656 027 779 425
Other tax payable 22 520 841 654 000 530 609
Income tax payable   31 768 191 873 45 952
Total current liabilities   10 404 926 9 446 936 8 948 004
TOTAL LIABILITIES   30 603 056 25 155 232 22 345 403
TOTAL EQUITY AND LIABILITIES   70 567 135 66 787 186 64 229 824

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