Consolidated balance sheet

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2011 (in millions of Russian Rubles)
  Notes 31 December 2011 31 December 2010
NON-CURRENT ASSETS:      
Property, plant and equipment 6 8,920 7,417
Intangible assets 7 1,261 791
Advances paid for non-current assets   98 26
Deferred tax assets 15 1,666 1,501
Other non-current assets 8 764 503
Total non-current assets   12,709 10,238
CURRENT ASSETS:      
Inventories 9 24,487 20,751
Trade and other accounts receivable and prepaid expenses 10 1,076 1,048
Income tax receivable   412 -
Other taxes receivable 11 1,239 1,229
Cash and cash equivalents 12 13,220 7,183
Forward contracts   2 -
Other current assets 13 202 246
Total current assets   40,638 30,457
TOTAL ASSETS   53,347 40,695
EQUITY:      
Share capital 14 1,798 1,798
Additional paid-in capital 14 4,576 4,576
Treasury shares 14 (588) (588)
Retained earnings   7,041 4,279
Total equity   12,827 10,065
NON-CURRENT LIABILITIES:      
Deferred tax liabilities 15 317 327
Provisions 21 100 147
Total non-current liabilities   417 474
CURRENT LIABILITIES:      
Trade accounts payable 16 32,673 25,046
Other payables and accrued expenses 17 2,334 1,464
Advances received 18 802 893
Income tax payable   908 559
Other taxes payable 19 529 209
Deferred revenue 20 2,555 1,685
Provisions 21 282 300
Forward contracts   20 -
Total current liabilities   40,103 30,156
Total liabilities   40,520 30,630
TOTAL EQUITY AND LIABILITIES   53,347 40,695

The Notes form an integral part of these consolidated financial statements. The independent auditor’s report is presented here.

Signed on behalf of the Board of Directors: 29 March 2012.

Signature

Signature

A. Tynkovan C. Parks
President Chief Financial Officer