Etalon Group Mortgage and Real Estate Market Insights
EBITDA calculation
EBITDA
mln RUB
2010
2011
2012
2013
Comprehensive income
4,687
7,440
5,000
6,664
Income tax expense
1,355
1,585
1,526
1,833
Interest expense on loans and finance leases
602
10
7
233
Net foreign exchange loss
65
(1,168)
125
109
Interest income on bank deposits
(89)
(140)
(543)
(583)
Interest income on loans and receivables
(4)
(6)
(9)
(28)
Interest income on promissory notes
Gain on repurchase of CLNs
Bank fees and commissions
126
(9)
16
46
67
80
Interest in COS
Depreciation
169
341
779
286
265
417
343
EBITDA
6,909
8,201
6,931
9,430
2010
2011
2012
2013
Depreciation to COGS (Note 14 PP&E)
242
239
385
292
Depreciation to selling expenses (Note 14 PP&E)
2
1
1
1
Depreciation to G&A (Note 14 PP&E)
42
25
31
39
Depreciation to Investment property (Note 15
11
Investment property)
Etalon Group
47View entire presentation