LenSpetsSMU issues 2011 IFRS statements

28.04.2012

Main indices according to the results for 2011:

  • Totalassetsof LenSpetsSMU Group stand at 40.7 billion rub (+18.6% for 31.12.2010 – 34.3 billion rub),
  • Net financial debt (credits and loans less deposits, cash and cash equivalents) decreased by 23.0 % – from 6.4 billion rub to 4.9 billion rub for the same period. Financial debt (credits and loans) increased by 13.4 % – from 9.2 billion rub (31.12.2010) to 10.4 billion rub (31.12.2011), at the same time the Leverage ratio decreased from 0.81 to 0.60,
  • Equity attributable to owners of the parent increased 1.6 times over the year from 10.2 billion rub to 16.1 billion rub (+57.8%), while Total equity of the Group (incl. non-controlling interests) reached 17.3 billion rub,
  • Revenue for 2011 demonstrated insignificant increase (+2.5%) compared with 2010 year and amounts to 18.1 billion rub,
  • Net profit increased by 4.1% (from 3.8 billion rub to 3.9 billion rub),
  • EBITDA for 2011 remains at almost the same level compared with 2010 year and amounts to 5.7 billion rub, at the same time EBITDA margin also remained at a high level for the same period and amounts 31.2%

The audit report, confirming that the consolidated financial statements present fairly, in all material respects, the financial position of the Group as at December 31, 2011, and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards, was attached to the statements.

Index


2011

2010

Change, %

Assets, thousand rub


40 673 900

34 294 937

+18.6%

Financial debt, thousand rub


10 390 956

9 163 955

+13.4%

Net financial debt, thousand rub


4 936 554

6 412 669

-23.0%

Advances received on principal activities, thousand rub


9 572 336

10 019 434

-4.5 %

Total equity, thousand rub


17 292 341

11 259 586

+53.6%

Equity attributable to owners of the parent, thousand rub


16 056 143

10 173 263

+57.8%

Revenue, thousand rub


18 144 368

17 708 524

+2.5%

Net profit, thousand rub


3 932 755

3 777 855

+4.1%

EBITDA, thousand rub


5 665 220

5 686 868

-0.4%

EBITDA margin


31.2%

32.1%

-

Financial debt / EBITDA


1.83

1.61

-

Net financial debt / EBITDA


1.25

1.13

-

Leverage, times


0.60

0.81

-






The statements are available on the company’s financial website.

CONTACT DETAILS:

Elena Kazakova, Head of Public Relations

tel. (812) 348-21-25, e-mail: Elena.Kazakova@etalongroup.com

Yana Yashchenko, Deputy CFO

tel. (812) 349-38-40, e-mail: Yana.Yashchenko@etalongroup.com