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Investor Presentaiton

Balance sheet Mn USD Assets 01/01/08 2008 2009 2010 2011 Mn USD 01/01/08 2008 2009 2010 2011 Equity and Liabilities Non-current assets Equity PP&E 36.2 38.2 55.0 54.5 62.4 Share capital 0.04 0.03 0.03 0.03 0.03 Other long-term investments 2.5 2.7 1.1 1.3 2.7 Share premium 66.4 64.5 64.0 479.4 0 Trade and other receivables 20.3 20.2 26.7 26.7 17.1 Reserve for own shares (14) 0 0 0 0 Deferred tax assets 42.9 40.4 36.9 8.6 21.1 Retained earnings (16.9) 13.5 176.1 333.2 549.8 Total equity attributable to Other non-current assets 4.4 1.2 0.1 1.1 2.9 equity holders of the (16.9) 80.0 240.6 397.3 1,015.0 Company Total non-current assets 106.4 102.7 119.7 95.1 106.2 Non-controlling interest 11.0 20.2 25.6 15.1 11.6 Current assets Total equity (5.9) 100.1 266.2 412.3 1,026.6 Inventories 636.9 996.2 883.5 841.6 995.2 Non-current liabilities Trade and other receivables 94.5 112.2 128.2 130.1 232.1 Long-term debt 190.5 63.5 85.1 219.9 262.6 Long-term trade and other Short-term investments 0.8 1.1 0.9 11.2 2.6 1.8 12.6 8.6 1.5 41.2 payables Cash and cash equivalents 37.4 80.9 113.0 119.3 Provision 2.9 2.6 2.7 2.7 2.4 449.8 Other current assets 0.5 0.2 0.8 1.9 1.1 Deferred tax liabilities Total non-current liabilities 4.1 9.5 27.8 1.3 3.0 200.2 77.5 128.2 1232.4 269.5 Total current assets Total assets 770.1 1,190.7 1,126.4 1,104.0 1,719.4 876.5 1,293.4 1,246.1 1,199.1 1,825.6 Source: audited consolidated IFRS accounts for 2008, 2009, 2010, 2011 Current liabilities Loans and borrowings Trade and other payables Provisions 76.0 165.7 108.2 46.7 593.4 898.7 679.8 468.6 12.8 51.4 63.6 39.0 60.6 420.5 48.4 Total current liabilities Etalon Group Total equity and liabilities 682.2 1,115.8 851.6 554.4 876.5 1.293.4 1.246.1 1.199.1 1.825.6 5295 039
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