Key Financial Performance Indicators
Key financial indicators, RUR mln
||2011 on 2010, %|
|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|
| For reference:
Earnings before Interest, Taxation, Depreciation and Amortisation (EBITDA)
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, %
|Profitability of sales based on gross profit||32||32||35|
|Profitability of core operations (EBITDA)||26||26||28|
|Current liquidity ratio||1.37||1.52||1.53|
|Quick liquidity ratio||0.74||1.00||0.94|
Debt to equity ratio
Financial Stability Indicators
|Debt to equity ratio||2.74||2.26||2.31|
|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.