On April 22nd 2015 Irkut Corporation (part of United Aircraft Corporation) finalized its consolidated financial statement for 2014 (made in accordance with International Financial Reporting Standards - IFRS), the company’s press-service reports.
«Despite changes in economic situation and ruble’s depreciation, revenues of Irkut Corporation for 2014 exceeded $1 billion 700 million. The company’s net profit for 2014 was $1,881 million,» said in the company’s statement.
Irkut Corporation is implementing the investment project for development of MS-21 aircraft. All the necessary investments (capital investments and funding of research and development work) were provided in full in 2014 ($137 million – in 2014; $130 million – in 2013). Following the results of 2014 the corporation demonstrated positive operating cash flow, which allowed keeping the company’s debt at 2013 level. This was possible thanks to active investment program and significant investments in the working capital connected with increase of the corporation’s output in the military aircraft segment, Irkut explained.
Irkut Corporation is successfully fulfilling its obligations under the signed contracts, including the ones related to the State Defense Order.