Consolidated Statement of Changes in Equity for the year ended 31 December 2011

Thousands of Russian Roubles, unless otherwise stated

Attributable to shareholders of the Company Total Non-controlling interests Total
equity
Ordinary
share capital
Additional
paid in capital
Retained
earnings
At 1 January 2010 4,221,794 88,660 24,238,902 28,549,356 3,824 28,553,180
Profit for the year 5,097,201 5,097,201 4,076 5,101,277
Total comprehensive income for the year 5,097,201 5,097,201 4,076 5,101,277
At 31 December 2010 4,221,794 88,660 29,336,103 33,646,557 7,900 33,654,457
Profit for the year 5,531,533 5,531,533 2,670 5,534,203
Total comprehensive income for the year 5,531,533 5,531,533 2,670 5,534,203
Transactions with owners, recorded directly in equity
Dividends declared (610,932) (610,932) (610,932)
Total transactions with owners, recorded directly in equity (610,932) (610,932) (610,932)
At 31 December 2011 4,221,794 88,660 34,256,704 38,567,158 10,570 38,577,728
General Director:D.O. Gudzhoyan Chief accountant:M.V. Danilova
6 April 2012

The consolidated statement of changes in equity is to be read in conjunction with the notes to, and forming part of, the consolidated financial statements.