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