EBITDA (earnings before interest, taxes, depreciation, amortization and impairment) presents the Group’s key measure of earnings performance. The level of EBITDA measures the Group’s ability to generate cash from recurring operations. The Group defines EBITDA as operating profit adjusted by depreciation and amortization and impairment allowance.
EBITDA is not an IFRS EU measure, and as such can be calculated differently by other entities.
for the year ended
| 31 December 2012 | 31 December 2011 | |
|---|---|---|
| Net profit for the period | 598,298 | 160,190 |
| Income tax | 97,349 | 31,876 |
| Gains and losses on investment activities | (14,353) | 15,006 |
| Finance costs | 110,782 | 355,392 |
| Share of the profit of associate accounted for using the equity method | (2,897) | (2,164) |
| Depreciation, amortization and impairment* | 243,066 | 174,880 |
| EBITDA | 1,032,245 | 735,180 |
* Includes impairment of property, plant and equipment and intangible assets.
