Financial Results
EBITDA calculation
mln RUB
2012
2013
2014
1H13
1H14
1H15
Comprehensive income
5,000
6,664
8,369
3,098
927
2,193
Income tax expense
1,526
1,833
2,026
822
302
795
Interest expense on loans and finance leases
7
233
295
115
140
15
Net foreign exchange loss
125
109
70
438
Interest income on bank deposits
(543)
(583)
(729)
(342)
(307)
(686)
Interest income on loans and receivables
(9)
(28)
(94)
(9)
(35)
(116)
Net foreign exchange gain
(814)
(48)
Bank fees and commissions
67
80
117
40
42
49
Interest in COS
Depreciation
341
779
1,024
354
340
272
417
343
417
168
204
213
EBITDA
6,931
9,430
10,611
4,198
1,683
3,173
2012
2013
2014
1H13
1H14
1H15
+
Depreciation to COGS (Note 13 PP&E)
385
292
271
149
160
167
Depreciation to selling expenses
1
1
4
1
1
3
(Note 13 PP&E)
Depreciation to G&A expenses (Note 13 PP&E)
31
39
94
18
19
19
Depreciation to Investment property
11
48
24
24
(Note 14 Investment property)
14
ā Etalon Group
Operating
Results
Financial
Results
Landbank
Valuation
2015
Deliveries
Appendix
41View entire presentation