Annual Report & Accounts 2013
Severstal Annual Report 2013 Home > Financial statements > Consolidated income statements

PAO Severstal and subsidiaries

Consolidated income statements

Years ended December 31, 2013, 2012 and 2011
(Amounts expressed in thousands of US dollars, except as otherwise stated)

  Year ended December 31,
Revenue - third parties 13,165,73213,915,60515,573,090
Revenue - related parties10145,870188,101239,310
Cost of sales (10,339,416)(10,785,292)(10,903,222)
Gross profit 2,972,1863,318,4144,909,178
General and administrative expenses (638,996)(749,337)(718,533)
Distribution expenses (940,229)(1,048,395)(1,101,191)
Other taxes and contributions (139,122)(134,266)(145,854)
Share of associates' and joint ventures' (loss)/profit (14,760)1,9937,319
Gain/(loss) on disposal of property, plant and equipment and intangible assets 11,961(25,962)(20,939)
Net other operating income/(expenses) 7,30720,283(547)
Profit from operations 1,258,3471,382,7302,929,433
(Impairment)/reversal of impairment of non-current assets7(355,697)(54,117)438
Net other non-operating expenses8(50,278)(70,536)(65,381)
Profit before financing and taxation 852,3721,258,0772,864,490
Finance costs, net6(346,598)(384,666)(398,536)
Foreign exchange (loss)/gain, net (349,984)163,510(36,980)
Profit before income tax 155,7901,036,9212,428,974
Income tax expense9(66,587)(263,485)(466,012)
Profit from continuing operations 89,203773,4361,962,962
Profit from discontinued operations26-46,363210,773
Profit for the period 89,203819,7992,173,735
Attributable to:    
shareholders of OAO Severstal 82,728761,9622,034,833
non-controlling interests 6,47557,837138,902
Basic and diluted weighted average number of shares outstanding during the period (millions of shares)25810.6839.81,005.2
Basic and diluted earnings per share (US dollars) 0.100.912.02
Basic and diluted earnings per share – continuing operations (US dollars) 0.100.871.89
Basic and diluted earnings per share – discontinued operations (US dollars) -0.040.13

* These amounts reflect adjustments made in connection with the change in presentation described in Note 2 of these consolidated financial statements.

To view the full version of the Financial Statements of the Company for the period of FY2013, pls. follow: (see «Results and Reports» section).

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