Financial Results
Cashflow statement
mln RUB
Operating Activities
Profit for the period
Adjustments for:
Depreciation
Gain on disposal of PP&E
Loss on disposal of subsidiaries
2012
2013
2014
1H13
1H14
1H15
5,000
6,664
8,369
3,098
927
2,193
417
343
417
168
204
213
(49)
(15)
(52)
(27)
(46)
20
28
Impairment loss on investment property
280
60
166
Impairment loss on inventories
466
85
30
Finance income, net
(544)
(337)
(1,164)
(319)
(149)
(405)
Income tax expense
1,526
1,833
2,026
822
302
Cash from operating activities before changes in working capital
6,378
8,488
10,342
3,742
1,383
795
3,012
Change in inventories
(7,633)
(7,837)
(6,890)
(1,957)
(6,763)
(2,418)
Change in accounts receivable
(3,024)
(5,080)
(1,427)
(3,243)
(2,093)
(366)
Change in accounts payable
4,074
4,880
1,184
1,478
10,135
(1,461)
Change in provisions
(992)
1,109
594
(317)
(324)
(600)
Change in other current assets
3
25
(59)
12
(11)
Income tax paid
(1,833)
(907)
(1,645)
(632)
(742)
(1,605)
Interest paid
(1,097)
(1,724)
(1,588)
(871)
(683)
(1,180)
Net cash from/(used in) operating activities
(4,124)
(1,046)
511
(1,788)
902
(4,618)
Investing Activities
Proceeds from disposal of non-current assets
71
15
66
57
52
29
Interest received
552
611
823
351
342
802
Acquisition of PP&E
(844)
(431)
(653)
(160)
(364)
(95)
Loans given
(371)
(55)
(178)
(37)
(16)
(4)
Loans repaid
363
85
174
17
79
21
Acquisition of subsidiaries, net of cash acquired
10
Disposal of subsidiaries, net of cash disposed of
(8)
(20)
7
(7)
(Acquisition)/disposal of other investments
Net cash used in investing activities
Financing activities
Acquisition of non-controlling interest
Proceeds from borrowings
Repayments of borrowings
Acquisition of own shares
Dividends paid
Net cash from/(used in) financing activities
Net increase/(decrease) in cash and cash equivalents
Effect of FX rate fluctuations
Cash & cash equivalents at the end of the period
Source: IFRS financial statements for 2012, 2013, 2014, 1H13, 1H14, 1H15
(5,506)
1,606
3,038
2,850
(964)
(598)
(5,743)
1,821
3,277
3,071
(871)
152
(3)
(10)
(83)
(66)
12,140
5,937
10,763
2,785
5,627
(5,552)
(9,668)
(8,498)
(6,624)
(4,278)
4,707
(2,323)
(13)
16
16
(1,124)
6,572
(3,741)
1,074
(3,839)
1,365
(1,834)
484
(3,295)
(2,966)
4,862
(2,556)
1,396
(3,982)
(473)
389
1,630
399
10,716
8,139
14,631
8,559
100
9,635
(607)
10,042
Etalon Group
Operating
Results
Financial
Results
Landbank
Valuation
2015
Deliveries
Appendix
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