JSC Aeroflot FY 2013 Financial Results to Russian Accounting Standards (RAS)

18 February 2014

  

18 February 2014, Moscow – JSC Aeroflot today announces its unconsolidated financial results for FY 2013 to Russian Accounting Standards.

 

Profit and loss statement

JSC Aeroflot’s revenue for FY 2013 totalled RUB 206,277 billion, an increase of RUB 29,693 billion or 16.8% on 2012.

This was driven by higher demand for flights, which is also reflected in higher passenger numbers (+18.4% year on year).

Cost of sales for FY 2013 was RUB 165,605 billion, an increase of RUB 22,329 billion or 15.6%. This was due to the increase in traffic.

The faster pace of sales growth (16.8%) than cost of sales (15.6%) underscores the Company’s effective cost management policies.

Gross profit was RUB 40,672 billion, an increase of RUB 7,364 billion (22.1%) year on year.

Net profit for 2013 was RUB 11,097 billion, up RUB 8,056 billion or 265.0% on 2012. This increase was driven by higher volumes and profitability of flights, as well as growth in other revenue streams (profits from sale of shares in a subsidiary, foreign currency gains, etc.)

 

Balance sheet

JSC Aeroflot’s total assets as of 31 December 2013 stood at RUB 108,874 billion, an increase of RUB 2,063 billion (1.9%) on the previous year.

As of 31 December 2013, the Company had long-term liabilities of RUB 14,522 billion, an increase of RUB 2,680 billion (22.6%) from the previous year, due to the BO-3 series bond issue in April 2013. During 2013 the Company’s long-term payables declined by RUB 1,481 billion (16.1%).

JSC Aeroflot’s current liabilities stood at RUB 38,530 billion as of 31 December 2013, a decline of RUB 9,628 billion (20.0%) from the previous year.

 

Media enquiries

 

 

Aeroflot Press Service

+7 (495) 752-90-71
+7 (499) 500-73-87
presscentr@aeroflot.ru

 
 

Russia

Tom Blackwell
+7 (919) 102 9064
blackwell@em-comms.com

 
 

UK/Europe

Peter Morley
+44 7927 186 645
morley@em-comms.com

 
 

North America

Quinn Martin
+1 646 629 5502
quinn@frontierpr.com

 

 

Celebrating its 90-th anniversary in 2013, Aeroflot is Russia’s flagship airline and the largest national air company. Proudly being a member of the SkyTeam global airline alliance, Aeroflot with its partnering members provides service to more than 1000 destinations in 178 countries. Aeroflot operates one of the most modern and youngest fleets in Europe counting 145 aircraft formed by Airbus, Boeing and Sukhoi airliners with an average airplane age between five and six years old. In 2012 Aeroflot carried 17.7 million passengers (27.5 million passengers as Aeroflot Group), continuously showing the best results in modern Russia’s history. In June 2013 Aeroflot was for the second time awarded by SKYTRAX as The Best Airline in Eastern Europe. Find more at www.aeroflot.com.