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IFRS Financials 3 months 2009. 3m ended 31 March 2009 main trends. Sales dropped 47% due to stoppage of Kirov plant during January and Voronezh plant during January to March 2009 Cost of sales dropped accordingly 46% Administrative and distribution expenses dropped 52% and 39% respectively
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3m ended 31 March 2009 main trends • Sales dropped 47% due to stoppage of Kirov plant during January and Voronezh plant during January to March 2009 • Cost of sales dropped accordingly 46% • Administrative and distribution expenses dropped 52% and 39% respectively • The level of trade and other receivables, inventories and payables decreased 7%, 31% and 6% respectively due to the seasonality. • The level of the Group’s net debt decreased to 535 mln due to forex.
Consolidated statement of income for the period ended 31 March 2009