Annual Report & Accounts 2013
Severstal Annual Report 2013 Home > Financial statements > Consolidated statements of financial position

PAO Severstal and subsidiaries

Consolidated statements of financial position

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

  December 31,
 Note 2013 2012 2011
Assets       
Current assets:       
Cash and cash equivalents12 1,035,948 1,726,275 1,863,538
Short-term financial investments 13 60,016 23,778 10,500
Trade accounts receivable 14 1,356,916 1,040,567 1,219,961
Accounts receivable from related parties11 18,620 15,468 27,349
Restricted financial assets  1,114 - -
Inventories 15 2,018,760 2,352,898 2,519,154
VAT recoverable  119,151 214,419 193,885
Income tax recoverable  19,048 21,169 90,916
Other current assets 16 276,863 302,120 327,163
Assets held for sale26 - - 2,677,310
Total current assets  4,906,436 5,696,694 8,929,776
Non-current assets:       
Long-term financial investments17 115,481 108,060 182,262
Investments in associates and joint ventures18 256,671 316,503 301,315
Property, plant and equipment19 8,254,192 8,462,711 7,463,394
Intangible assets20 678,910 820,935 770,454
Restricted financial assets  39,478 32,970 22,638
Deferred tax assets9 78,118 100,796 99,651
Other non-current assets  204,441 168,546 140,301
Total non-current assets  9,627,291 10,010,521 8,980,015
Total assets  14,533,727 15,707,215 17,909,791
Liabilities and shareholders' equity       
Current liabilities:       
Trade accounts payable  1,145,873 1,057,621 1,115,110
Accounts payable to related parties11 42,998 36,234 1,583,031
Short-term debt finance21 627,519 1,382,128 1,185,467
Income taxes payable  10,660 16,604 28,086
Other taxes and social security payable  138,657 152,590 141,353
Dividends payable  28,065 86,538 111,208
Other current liabilities22 555,401 637,947 655,420
Liabilities related to assets held for sale26 - - 550,123
Total current liabilities  2,549,173 3,369,662 5,369,798
Non-current liabilities:       
Long-term debt finance21 4,126,575 4,327,412 4,790,631
Deferred tax liabilities9 312,736 338,078 287,126
Retirement benefit liabilities23 189,913 201,552 161,734
Other non-current liabilities24 355,073 255,268 233,179
Total non-current liabilities  4,984,297 5,122,310 5,472,670
Equity:       
Share capital25 2,752,728 2,752,728 3,311,288
Treasury shares  (235,657) (235,657) (1,586,293)
Additional capital  315,922 315,922 1,165,530
Translation reserve  (542,186) (411,658) (642,228)
Retained earnings  4,692,475 4,767,325 4,386,461
Other reserves  1,044 5,800 44,738
Total equity attributable to shareholders of OAO Severstal  6,984,326 7,194,460 6,679,496
Non-controlling interests  15,931 20,783 387,827
Total equity  7,000,257 7,215,243 7,067,323
Total equity and liabilities  14,533,727 15,707,215 17,909,791

To view the full version of the Financial Statements of the Company for the period of FY2013, pls. follow: http://www.severstal.com/eng/ir/ (see «Results and Reports» section).

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