Consolidated statement of profit or loss and other comprehensive income

for the year ended 31 December 2018

Millions of US Dollars

Notes 2018 2017
Revenue 6 8,296 6,939
Cost of sales 7 (4,110) (3,207)
Distribution costs 8 (2,047) (1,998)
General and administrative expenses 9 (239) (204)
Other expenses, net (28) (36)
Operating profit 1,872 1,494
Finance costs, net 10 (311) (338)
Foreign exchange loss (83) (13)
Profit before tax 1,478 1,143
Income tax expense 24 (314) (270)
Net profit for the year 1,164 873
Net profit attributable to:
Ordinary shareholders of the parent 1,114 843
Non-controlling interests 20 30
Net profit for the year 1,164 873
Basic and diluted earnings per share (in US Dollars) 18 4.88 3.63
Net profit for the year 1,164 873
Other comprehensive income
Items which may be reclassified to profit or loss in the future:
Translation difference (460) (77)
Revaluation of intra-group debt denominated in foreign currency 3.2 (1) 18
Transfer of changes in fair value of cash flow hedges to profit or loss, net of deferred tax 104 323
Effective portion of changes in fair value of cash flow hedges, net of deferred tax (16) (182)
Total items which may be reclassified to profit or loss in the future (373) 145
Items which may not be reclassified to profit or loss in the future:
Revaluation surplus 4 1,322 1,321
Tax effect of revaluation surplus 4 (264) (264)
Actuarial gains 10 3
Total items which may not be reclassified to profit or loss in the future 1,068 1,060
Total other comprehensive income for the year 695 1,205
Total other comprehensive income attributable to:
Ordinary shareholders of the parent 718 1,164
Non-controlling interests (23) 41
Total other comprehensive income for the year 695 1,205
Total comprehensive income attributable to:
Ordinary shareholders of the parent 1,858 2,005
Non-controlling interests 1 73
Total comprehensive income for the year 1,859 2,078

The comparative consolidated statement of comprehensive income for the year ended 31 December 2017 has been restated for the effect of the acquisition of SGC group described in note 30.

The accompanying notes on page are an integral part of these consolidated financial statements.

VLADIMIR RASHEVSKY
CHIEF EXECUTIVE OFFICER

30 JANUARY 2019

NIKOLAY PILIPENKO
CHIEF FINANCIAL OFFICER

On top