| |
Year ended |
| |
2006 |
2005 |
| Sales |
|
|
| Sales - external |
11 704 354 |
9 774 886 |
| Sales - to related parties |
718 164 |
656 880 |
| Total sales |
12 422 518 |
10 431 766 |
| Cost of sales |
(8 943 428) |
(6 833 056) |
| Gross profit |
3 479 090 |
3 598 710 |
| Selling, general and administrative expenses |
(650 579) |
(520 164) |
| Distribution expenses |
(649 122) |
(620 505) |
| Indirect taxes and contributions |
(169 451) |
(117 434) |
| Share of associates' (losses)/profits |
(1 193) |
(4 190) |
| Net income from bank lending operations |
9 394 |
9 982 |
| Net income/(expenses) from securities operations |
32 927 |
27 904 |
| Loss on disposal of property, plant and equipment |
(69 989) |
(36 770) |
| Net other operating income |
(26 954) |
(17 387) |
| Profit from operations |
1 954 123 |
2 320 146 |
| Reversal of impairment/(impairment) of property, plant and equipment |
(57 736) |
65 159 |
| Gain on restructuring of tax liabilities |
14 669 |
174 178 |
| Negative goodwill |
4 213 |
7 630 |
| Net other non-operating expenses |
(53 565) |
(52 753) |
| Profit before financing and taxation |
1 861 704 |
2 514 360 |
| Net financing (expense)/income |
(109 076) |
(198 124) |
| Profit before income tax |
1 752 628 |
2 316 236 |
| Income tax benefit/(expense) |
(543 513) |
(545 668) |
| Profit for the year |
1 231 327 |
1 759 784 |
| Attributable to: |
|
|
| shareholders of OAO Severstal |
1 180 698 |
1 695 807 |
| minority interest |
50 629 |
63 977 |
