Annual report and accounts 2012

Consolidated Statements of Changes in Equity

OAO Severstal and Subsidiaries
Financial Statements
Consolidated Statements of Changes in Equity

Years ended December 31, 2012, 2011 and 2010
(Amounts expressed in thousands of US dollars, except as otherwise stated)

   

Attributable to the shareholders of OAO Severstal

Non-
controlling
interests
Total
  Share capitalTreasury sharesAdditional capitalForeign exchange differencesRetained earningsOther reservesTotal  
Balances at December 31, 20093,311,288(26,303)1,165,530(52,478)3,436,27043,6007,877,907498,4328,376,339
 Loss for the period----(574,914)-(574,914)60,335(514,579)
 Foreign exchange differences---(244,741)--(244,741)1,909(242,832)
 Other comprehensive (loss)/income----(14,886)37,24222,35613,63435,990
 Deferred tax on other comprehensive (loss)/income-----(4,431)(4,431)(3,195)(7,626)
 Total comprehensive (loss)/income for the period   (244,741)(589,800)32,811(801,730)72,683(729,047)
 Dividends----(140,963)-(140,963)-(140,963)
 Effect of acquisitions and disposals without a change in control----99,725-99,725(550,796)(451,071)
 Effect of acquisitions and disposals with a change in control-------294,395294,395
Balances at December 31, 20103,311,288(26,303)1,165,530(297,219)2,805,23276,4117,034,939314,7147,349,653
 Profit for the period----2,034,833-2,034,833138,9022,173,735
 Foreign exchange differences---(387,822)--(387,822)(19,423)(407,245)
 Other comprehensive loss----(8,661)(13,297)(21,958)(5,975)(27,933)
 Deferred tax on other comprehensive loss-----3,4093,4091,3214,730
 Total comprehensive (loss)/income for the period   (387,822)2,026,172(9,888)1,628,462114,8251,743,287
 Dividends----(469,434)-(469,434)-(469,434)
 Gold segment separation
(Note 27)
-(1,559,990)----(1,559,990)-(1,559,990)
 Effect of acquisitions without a change in control----(9,228)-(9,228)(41,712)(50,940)
 Effect of disposals with a change in control---42,81333,719(21,785)54,747-54,747
Balances at December 31, 20113,311,288(1,586,293)1,165,530(642,228)4,386,46144,7386,679,496387,8277,067,323
 Profit for the period----761,962-761,96257,837819,799
 Foreign exchange differences---261,700--261,70014,853276,553
 Other comprehensive loss---(31,130)(32,439)(38,153)(101,722)(206)(101,928)
 Deferred tax on other comprehensive loss-----(785)(785)-(785)
 Total comprehensive income/(loss) for the period   230,570729,523(38,938)921,15572,484993,639
 Dividends----(311,921)-(311,921)-(311,921)
 Repurchase of issued shares
(Note 26)
-(20,480)----(20,480)-(20,480)
 Cancellation of shares
(Note 26)
(558,560)1,474,965(916,405)------
 Issue of convertible bonds
(Note 22)
--66,797---66,797-66,797
 Gold segment separation
(Note 27)
-(103,849)----(103,849)(274,892)(378,741)
 Effect of acquisitions without a change in control----(36,738)-(36,738)(164,636)(201,374)
Balances at December 31, 20122,752,728(235,657)315,922(411,658)4,767,3255,8007,194,46020,7837,215,243

The accompanying notes form an integral part of these consolidated financial statements.