Consolidated statement of profit or loss
for the year ended 31 December 2020
Millions of US Dollars
| Notes | 2020 | 2019 | |
|---|---|---|---|
| Revenue | 6 | 6,683 | 7,638 |
| Cost of sales | 7 | (3,846) | (4,301) |
| Distribution costs | 8 | (1,762) | (1,978) |
| General and administrative expenses | 9 | (185) | (229) |
| Other income/(expenses), net | 2 | (15) | |
| Operating profit | 892 | 1,115 | |
| Finance costs, net | 10 | (337) | (420) |
| Foreign exchange (loss)/gain | (308) | 200 | |
| Profit before tax | 247 | 895 | |
| Income tax expense | 27 | (53) | (146) |
| Net profit for the year | 194 | 749 | |
| Net profit attributable to: | |||
| Ordinary shareholders of the parent | 185 | 742 | |
| Non-controlling interests | 9 | 7 | |
| Net profit for the year | 194 | 749 | |
| Basic and diluted earnings per share (in US Dollars) | 20 | 0.78 | 3.14 |
The comparative consolidated statement of profit or loss for the year ended 31 December 2019 has been restated for the effect of the acquisition under common control described in note 33.
The accompanying notes are an integral part of these consolidated financial statements.
Stepan Solzhenitsyn
CHIEF EXECUTIVE OFFICER
Andrey Vanyushin Chief Financial Officer
29 JANUARY 2021