Investor Presentaiton
EBITDA calculation
mln RUB
2011
2012
2013
2014
Comprehensive income
7,440
5,000
6,664
8,369
Income tax expense
1,585
1,526
1,833
2,026
Interest expense on loans and finance leases
10
7
233
295
Net foreign exchange loss
125
109
Interest income on bank deposits
(140)
(543)
(583)
(729)
Interest income on loans and receivables
(6)
(9)
(28)
(94)
Interest income on promissory notes
Gain on repurchase of CLNS
Net foreign exchange gain
Bank fees and commissions
Interest in COS
Depreciation
EBITDA
(1,168)
(814)
46
67
80
117
169
341
779
1,024
265
417
343
417
8,201
6,931
9,430
10,611
2011
2012
2013
2014
Depreciation to COGS (Note 13 PP&E)
239
385
292
271
Depreciation to selling expenses (Note 13 PP&E)
1
1
1
4
Depreciation to G&A expenses (Note 13 PP&E)
25
31
39
94
Depreciation to Investment property (Note 14 Investment
property)
11
48
Etalon Group
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