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| Key Figures | ||||||
|---|---|---|---|---|---|---|
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | |
| Continuing operations | RUB m | RUB m | RUB m | RUB m | RUB m | RUB m |
| Revenues | 13,086 | 21,111 | 35,838 | 49,813 | 51,024 | 49,950 |
| EBITDA | 1,933 | 3,625 | 7,897 | 13,178 | 14,732 | 8,687 |
| EBITDA margin | 15% | 17% | 22% | 26% | 29% | 17% |
| Normalised operating profit | 1,028 | 2,505 | 6,343 | 11,130 | 12,327 | 6,307 |
| Normalised operating profit % | 8% | 12% | 18% | 22% | 24% | 13% |
| Normalised net profit | 263 | 1,002 | 3,072 | 5,298 | 6,071 | 1,771 |
| Normalised EPS | 3.09 RUB | 10.40 RUB | 31.83 RUB | 54.75 RUB | 66.14 RUB | 18.05 RUB |
| Changes in fair value of investment property | - | 130 | 8,037 | (16,143) | (1,752) | (36) |
| Impairment of goodwill | - | - | - | (391) | (79) | - |
| Reported net profit | 263 | 1,101 | 9,180 | (8,007) | 4,590 | 1,742 |
| Reported EPS | 3.09 RUB | 11.56 RUB | 101.81 RUB | (87.30) RUB | 50.33 RUB | 17.76 RUB |
| Gross cash flow | 2,014 | 3,790 | 7,942 | 13,335 | 15,235 | 9,035 |
| Operating cash flow | (31) | 557 | (8,491) | 4,373 | 3,470 | (2,375) |
| Amortisation and depreciation | 905 | 1,121 | 1,554 | 2,049 | 2,406 | 2,381 |
| Total debt | 7,149 | 14,478 | 24,151 | 36,874 | 39,541 | 31,703 |
| Net debt | 6,343 | 12,870 | 15,498 | 33,628 | 36,645 | 30,376 |
| Net debt/ EBITDA | 3.3. | 3.5 | 2.0 | 2.6 | 2.5 | 3.5 |
Definitions:
Normalised operating profit is operating profit excluding non cash items namely the effect of revaluation of investment property amd impairment of goodwill
Normalised net profit calculated as net profit excluding effects of revaluation of investment property (incl. recalculation of deferred tax) and impairment of goodwill
Changes in fair value of investment property is a non-cash item representing increase (decrease) in fair value of our commercial real estate assets that we held as investment property. In accordance with our accounting policy we have our operationg business centres owned by us and land plots designated for development of investment property and owned by us revalued by independent international appraiser twice a year - for our annual and interim reports
EBITDA equals to normalised operating profit plus amortization of intangible assets and depreciation of property, plant and equipment.
EBITDA margin is calculated by dividing EBITDA by sales Earnings per share as defined in IAS 33 equals to net income divided by the average number of shares
Gross cash flow represents operating profit before changes in working capital and provisions
Total debt calculated as the sum of non-current loans and borrowings, current loans and borrowings and bank overdraft
Net debt calculated as total debt minus cash and cash equivalents
Total debt/ EBITDA and Net debt/ EBITDA ratios are calculated on annualised basis
Normalised operating profit, normalised net profit, EBITDA and EBITDA margin are not defined in the International Financial Reporting Standards and should therefore be regarded only as supplementary information.