RE:Basic economics NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2012
(in thousands of US dollars, unless otherwise stated)
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8 Segment reporting (continued)
d) In addition to the above segment disclosures management is preparing additional information that splits the result of the Potash segment activity between export potash sales, domestic potash sales and other sales. Direct cost of sales and distribution expenses are allocated proportionally based on revenues. Indirect expenses, such as general and administrative expenses, other operating income and expenses and taxes other than income tax are allocated between categories proportionally based on cost of sales. Some costs are considered as unallocated (loss on disposal of fixed assets, impairment of assets reclassified to non-current assets held for sale, write-down of non-current assets held for sale to fair value less costs to sell, reversal and additions of provisions, net results on sale of Belaruskali and Silvinit goods, mine flooding costs, finance income and expense, income tax expense).
This split for the year ended 31 December 2012 was as follows:
Export Domestic Total
potash potash potash Other Unallo-
sales Sales Sales Sales cated Total
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Tonnes (thousands) 7,281 2,081 9,362 - - 9,362
Revenues 3,300,416 528,494 3,828,910 120,883 - 3,949,793
Cost of sales (714,888) (204,355) (919,243) (71,556) - (990,799)
Distribution, general and administrative
expenses, other operating income and
expenses and taxes other than income
tax (1,001,222) (69,051) (1,070,273) (36,683) (189) (1,107,145)
Operating profit/(loss) ,584,306 255,088 1,839,394 12,644 (189) 1,851,849
Mine flooding costs (3,534) (3,534)
Finance income and expense, net 88,092 88,092
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Profit before income tax 1,936,407
Income tax expense (339,796) (339,796)
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Segment result/Net profit 1,596,611
(from Uralkali Consolidated financial statements and auditor's report for the year ended 31 December 2012 , [url=https://www.uralkali.com/bitrix/redirect.php?event1=file_download&event3=%2Finvestors%2Freporting_and_disclosure%2Findex.php&event2=%2Fupload%2Fiblock%2F536%2FIFRS_Uralkali_2012_eng.pdf&goto=%2Fupload%2Fiblock%2F536%2FIFRS_Uralkali_2012_eng.pdf][/url], p23.