JSC AEROFLOT 12 months 2004 FINANCIAL RESULTS In
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JSC " AEROFLOT " 12 months 2004 FINANCIAL RESULTS In accordance with IAS (audited, consolidated)
Consolidated balance sheet 31. 12. 2004 (USD million) 31. 12. 2003 Change % Current assets 605. 0 398. 5 206. 5 51. 8% Non-current assets 757. 7 668. 8 88. 9 13. 3% 1, 362. 7 1, 067. 3 Total assets Current liabilities Non-current liabilities Minority interest Shareholders` equity Total liabilities and equity 295. 4 27. 7% 532. 0 564. 9 (32. 9) (5. 8%) 419. 2 215. 5 203. 7 94. 5% 8. 6 5. 7 2. 9 49. 8% 402. 9 281. 2 121. 7 43. 3% 1, 362. 7 1, 067. 3 295. 4 27. 7%
WORKING CAPITAL CHANGES (USD million) 31. 12. 2002 31. 12. 2003 NET SURPLUS DEFICIENCY 31. 12. 2004 73. 0 141. 5 166. 4
PARAMETERS OF LIQUIDITY 31. 12. 2004 Current ratio 31. 12. 2003 Change, % 1. 14 0. 71 61. 2% 0. 51 0. 37 38. 4% (the attitude of current assets to current liabilities) Quick ratio (the attitude of liquid assets to current liabilities)
PARAMETERS OF FINANCIAL STABILITY 31. 12. 2004 The attitude Of borrowings to equity The attitude the operating profit to interest bearing 31. 12. 2003 1. 2 1. 3 17. 1 10. 5
Consolidated statement of income (USD million) 2004 Revenue Operating costs Operating income Income before taxes Net income 2003 2, 158. 8 1, 716. 0 (1, 953. 9) Change % 442. 8 25. 8% (1, 589. 6) (364. 3) 22. 9% 204. 9 126. 4 78. 5 62. 1% 233. 6 156. 9 76. 7 48. 9% 172. 1 126. 7 45. 4 35. 8%
Operating results 2004 2003 Change USD million % EBIT, USD million 204. 9 126. 4 78. 5 62. 1% EBITDA, USD million 298. 9 217. 5 81. 4 37. 4% EBITDAR, USD million 426. 5 350. 5 76. 0 21. 7%
PARAMETERS OF PROFITABILITY 2004 Net operating margin 2003 Change, % 9. 5% 7. 4% 2. 1% 8. 1% 7. 4 % 0. 7% (attitude of operating income to revenue) Net margin (attitude of income before minority interest to revenue)
