Sheremetyevo’s revenues for 2011 were over $353 million

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Sheremetyevo’s revenues for 2011 were over $353 million

Sheremetyevo international airport has summed up the results of financial and economic activities for 2011 in accordance with International Financial Reporting Standards (IFRS), the airport’s press-service reports. AEX.ru

“Following the results of audit of consolidated financial statements (performed in accordance with IFRS) the Sheremetyevo’s revenues for 2011 (including JSC “Terminal”) were $353 million (11 billion 415 million rubles) (+19.52% compared to 2010). The company’s net profit has increased by 56.25% up to 2 billion 172 million rubles. Sheremetyevo’s net worth were 60 billion 968 million rubles in 2011 (+85.24%)”, - Sheremetyevo’s press-service reports.

The current ratio concerning obligations on servicing the loan provided by HSH Nordbank AG was 5.35 as of December 31st 2011 (taking into account the profit earned on selling a share in TZK Sheremetyevo).

We remind you that reorganization of “Sheremetyevo International Airport (SIA)” by means of joining it with “Terminal” (the operator of Terminal D) has been completed in April 2012. The corresponding agreement has been signed on December 13th 2011. Prior to the integration the authorized capital of SIA has been increased from 1 910 457 320 rubles to 2 300 701 087 rubles by placing additional 390 243 767 equity nominal uncertified shares with a nominal value of 1 ruble. The offering method - conversion.