Consolidated Statement of Comprehensive Income

08

for the year ended 31 December 2011

In millions of RUB, except for per share information

Note Year ended
31 December 2011
Year ended
31 December 2010
Revenues 7 100,518 76,951
Cost of sales 9 (56,196) (47,670)
Gross profit 44,322 29,281
Administrative expenses 10 (5,758) (5,247)
Selling expenses 11 (6,588) (6,515)
Taxes, other than income tax (1,411) (999)
Other (expenses)/income, net 12 (1,246) (1,833)
Operating profit 29,319 14,687
Finance income 13 824 1,512
Finance costs 14 (1,329) (437)
Foreign exchange loss (2,836) (132)
Share of profit of associates 17 2,318 — 
Profit before taxation 28,296 15,630
Income tax expense 15 (5,820) (3,649)
Profit for the year 22,476 11,981
Attributable to:
Non-controlling interests 2,541 1,403
Equity holders of the Parent 19,935 10,578
Other comprehensive income:
Revaluation of available-for-sale securities 17 (361) 227
Recycling of revaluation gain on available-for-sale
securities to profit and loss
17 (2,076)
Actuarial gains and losses 27 17 (377)
Foreign subsidiary translation difference 334 25
Other comprehensive income for the year (2,086) (125)
Total comprehensive income for the year 20,390 11,856
Attributable to:
Non-controlling interests 2,514 1,305
Equity holders of the Parent 17,876 10,551
Basic and diluted earnings per share (in RUB) 25 161 85

The consolidated financial statements were approved on 19 April 2012:

Volkov M.V.
Chief executive officer
Valenkova E.V.
Chief accountant

The consolidated statement of comprehensive income is to be read in conjunction with the notes to, and forming part of, the consolidated financial statements.