Balance Sheet

Consolidated Balance Sheet
	2005	2006	2007	2008	2009	2010	2011
	RUB m	RUB m	RUB m	RUB m	RUB m	RUB m	RUB m
ASSETS
Non-current assets
Property, plant and equipment	8,121	10,621	17,821	28,314	31,843	32,852	37,329
Investment property under development	178	497	20,738	5,488	391	319	651
Investment property	-	1,047	2,040	1,925	2,305	2,308	2,311
Intangible assets	24	576	1,230	4,615	4,472	4,567	4,880
Other investments	37	327	46	125	49	35	112
Deferred tax assets	304	337	419	877	1,166	1,502	1,795
Trade and other receivables			1,050	1,206	1,941	809	687
Restricted cash			55	4,259	396	11	895
Other non-current assets	0	101	-	-	-	-	-
	8,666	13,506	43,399	46,810	42,564	42,392	48,659
Current assets
Other investments	575	800	297	134	124	152	126
Inventories	8,322	16,355	32,982	50,696	55,126	52,821	56,586
Income tax receivable	13	58	160	290	277	178	168
Trade and other receivables	3,661	6,342	9,357	12,661	9,329	9,112	16,084
Cash and cash equivalents	776	1,608	8,654	3,246	2,896	1,327	5,195
Assets classified as held for sale	-	71	28	62		45	-
Total current assets	13,347	25,235	51,478	67,089	67,751	63,828	78,203
Total assets	22,013	38,741	94,877	113,899	110,314	106,220	126,862
EQUITY AND LIABILITIES
Equity
Share capital	30	30	30	32	32	34	34
Restitutable Shares Reserve	-	-	14,565	-	-	-	-
Share premium	-	-	-	14,563	14,563	26,408	26,408
Additional paid in capital	991	2,146	16,429	16,477	16,796	16,799	16,784
Foreign currency translation reserve	-	-	31	22	36	(13)	(6)
Retained earnings	1,538	2,523	11,408	3,231	7,945	9,715	10,552
Total equity attributable to shareholders of the Company	2,559	4,698	42,462	34,325	39,372	52,944	53,773
Minority interest	456	441	514	649	249	200	175
Total equity	3,015	5,140	42,977	34,973	39,621	53,143	53,947

Non-current liabilities
Loans and borrowings	1,501	8,721	13,348	18,864	24,433	27,714	36,134
Deferred tax liabilities	743	940	5,802	2,246	1,768	1,680	1,700
Trade and other payables	3	13	253	37	0	194	171
Provisions	-	-	8	2	1	5	9
	2,247	9,674	19,410	21,148	26,203	29,593	38,014
Current liabilities
Bank overdraft	9	26	60	58	-	-	-
Loans and borrowings	5,639	5,731	10,743	17,952	15,107	3,988	2,788
Income tax payable	78	82	342	323	633	145	432
Trade and other payables	10,704	17,848	20,644	38,550	28,184	18,782	31,350
Provisions	320	213	690	886	566	567	330
Liabilities classified as held for sale	-	28	10	8	-	-	-
Total current lialilities	16,751	23,928	32,490	57,777	44,491	23,483	34,901
Total liabilities	18,998	33,602	51,900	78,925	70,693	53,076	72,915
Total equity and liabilities	22,013	38,741	94,877	113,899	110,314	106,220	126,862

LSR Group