MD&A / Financial Appendix
EBITDA Reconciliation
| (RUB million) |
2012 |
2011 |
Change, % |
|---|---|---|---|
| PROFIT FOR THE PERIOD | 184,152 | 167,669 | 9.8 |
| Total income tax expense | 35,839 | 39,996 | (10.4) |
| Finance expense | 11,160 | 11,446 | (2.5) |
| Finance income | (3,174) | (1,956) | 62.3 |
| Depreciation, depletion and amortization | 58,461 | 55,799 | 4.8 |
| Net foreign exchange gain | (953) | (740) | 28.8 |
| Other (loss) / gain, net | 4 891 | (925) | — |
| EBITDA | 290,376 | 271,289 | 7.0 |
| Less share of profit of equity accounted investments | (28,281) | (6,874) | 311.4 |
| Share of EBITDA of equity accounted investments | 61,011 | 35,662 | 71.1 |
| ADJUSTED EBITDA | 323,106 | 300,077 | 7.7 |