In 2013, «Zaporizhstal» JSC published its financial statements prepared in accordance with IFRS, which reflect the company's operational and financial results amidst a challenging market environment.
«Zaporizhstal» JSC is publishing its financial statements prepared in accordance with IFRS for 2013, as well as the main performance factors.
Financial information in this press release is prepared on the grounds of the financial statements, confirmed by KPMG Auditing Company. In accordance with the unmodified opinion of the auditors, the financial statements are prepared by «Zaporizhstal» JSC in compliance with IFRS and the Law of Ukraine, as well as with the current regulations on the provision of annual statements to the National Securities Commission and to the Securities Market of Ukraine. The financial statements authentically reflect, in all substantial aspects, the financial results and financial state of the enterprise as of the reported dates.
KEY FINANCIAL FACTORS
| (UAH MILLION) | 2013 | 2012 | CHANGES |
| volume of proceeds from marketing products | 13 579 | 15 560 | - 13% |
| Gross profit | 1 294 | 570 | 127% |
| EBITDA | 1 239 | -818 | 252% |
| Net profit | 8 | -1 605 | 100% |
| Total assets | 14 406 | 13 582 | 6% |
| Disbursement of capital investments | 594 | 450 | 32% |
Rate of return under EBITDA in 2013 made up 9.1%.
“In spite of the unstable situation at the world markets, we preserved the production output volumes; we achieved substantial progress in realization of the investment projects and could complete 2013 with marked increases in the key financial factors. Our strategy is based on increasing production efficiency, decreasing energy resource consumption, and on technical strengthening of our competitiveness,” noted the General Director of «Zaporizhstal» Steel Works, Rostyslav Shurma.
2013 became a successful year for «Zaporizhstal» JSC in all activity branches: it produced 3,219.2 thousand tons of iron, 3,820.2 thousand tons of steel, and 3,224.5 thousand tons of rolled products. In 2013, «Zaporizhstal» JSC decreased consumption of natural gas in the production process by 29% compared with 2012.
This press release does not contain enough information to be considered as a complete financial statement. You can find out more about the financial statement on the site of «Zaporizhstal» Steel Works by reference: