Consolidated statement of comprehensive income

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2011 (in millions of Russian Rubles, except earnings per share)
  Notes 2011 2010
REVENUE 22 111,937 86,565
COST OF SALES 23 (82,670) (64,204)
GROSS PROFIT   29,267 22,361
Selling, general and administrative expenses 2, 24 (26,113) (19,893)
Other operating income 2, 25 1,549 904
Other operating expenses 26 (102) (138)
OPERATING PROFIT   4,601 3,234
Finance income, net 27 37 28
PROFIT BEFORE INCOME TAX EXPENSE   4,638 3,262
Income tax expense 15 (1,264) (1,041)
NET PROFIT for the year, being TOTAL COMPREHENSIVE INCOME for the year   3,374 2,221
BASIC EARNINGS PER SHARE (in Russian Rubles) 28 19.05 12.41
DILUTED EARNINGS PER SHARE (in Russian Rubles) 28 18.77 12.35

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