Key financial indicators, RUR mln
Item | |
|
|
2011 on 2010, % |
---|---|---|---|---|
Revenue | 80,317 | 83,261 | 70,514 | 84,7 |
Production cost | |
-57,027 | -46,024 | 80.7 |
Gross profit | 26,074 | 26,234 | 24,490 | 93.4 |
Business expenses | -1,686 | -2,512 | -2,342 | 93.2 |
Management expenses | -1,769 | -1,812 | -1,770 | 97.7 |
Income/(loss) from sales | 22,619 | 21,910 | 20,378 | 93.0 |
Other income and expenses | -1,813 | -628 | -2,444 | 389.2 |
Loan interest expense | -2,344 | -1,008 | -795 | 78.9 |
Profit before tax | 18,462 | 20,275 | 17,139 | 84.5 |
Profit tax, including deferred tax assets and deferred tax liabilities | -3,924 | -4,340 | -3,820 | 88.0 |
Other payments from profit | -17 | 0 | 0 | 0 |
Net profit | 14,521 | 15,935 | 13,319 | 83.6 |
For reference: Earnings before Interest, Taxation, Depreciation and Amortisation (EBITDA) |
20,876 | 21,370 | 19,488 | 91.2 |


The major factor in the reduction of EBITDA (–8.8%) in the reporting year compared to 2010 was a decrease in the revenue due to the events in Japan and the fulfillment of the contract for providing the technical assistance to the 4th construction stage of a gas centrifuge plant in China, as well as the strengthening of the rouble in relation to foreign currencies.
A decrease in net profit (–16.4%) compared to 2010, along with a decrease in revenue from sales has been caused by an increase in a negative credit balance of other income and expenditure, which resulted largely from a rouble revaluation of the Company's foreign currency credit portfolio.
Profitability ratios, %
Item |
|
|
|
---|---|---|---|
Profitability of sales based on gross profit | 32 | 32 | 35 |
Profitability of core operations (EBITDA) | 26 | 26 | 28 |
Liquidity indicators
Item |
|
|
|
---|---|---|---|
Current liquidity ratio | 1.37 | 1.52 | 1.53 |
Quick liquidity ratio | 0.74 | 1.00 | 0.94 |
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Financial Stability Indicators
Item |
|
|
|
---|---|---|---|
Debt to equity ratio | 2.74 | 2.26 | 2.31 |
Equity ratio | 0.05 | 0.14 | 0.13 |
Net equity, RUR mln | 18,140 | 20,900 | 19,116 |
Assets, RUR mln | 63,833 | 65,495 | 70,018 |
Net equity share in total equity, % | 28.4 | 31.9 | 27.3 |
Key profitability and financial stability indicators in 2011 remained largely the same as in 2010. It is a satisfactory result and is continuously monitored by the Company and the State Atomic Energy Corporation ROSATOM.
During 2011 the net equity of the Company decreased by 8.5%, largely due to the payment of interim dividends for the nine months of 2011 pursuant to the sole shareholder's resolution.

