Key financials

IFRS pro-forma financial information
Rub m2012 2013201420152016
Revenue 94,078 116,714 150,531 143,155 175,198
Gross profit13,08814,01020,5519,19626,753
Gross margin %13.9%12.0%13.7%13.4%15.3%
Profit for the year4,3242,2596,0724,2325,013
Total Assets98,904114,797154,353162,122146,145
Total Debt8,6624,53840,52741,66312,697
Non-IFRS pro-forma financial information
Rub m201220132014
EBITDA margin, %12.0%8.1%10.2%9.3%10.3%
Net debt (b)   -202 -22,028  -21,233  -13,551  2,915
Net working capital (c)-5,623-32,065-39,505  -38,006  -22,712


Financial information for 2012 and 2013 is based on Group 2013 audited financial results excluding financial results of Engtransstroy Corporation (ETS), which was sold on 31 January 2013.
Financial information for 2010 and 2011 is based on Group audited financial results including financial results of ETS.

(a) EBITDA is defined as net profit from continuing operations net of income tax, net finance costs and depreciation.
(b) Net debt is defined as the loans and borrowings less cash and cash equivalents.
(c) Net working capital is defined as the difference between current operating assets (net of cash and equivalents, income tax receivable and other non-current assets) and current operating non-interest bearing liabilities (net of loans and borrowings, provisions, non-controlling interest and income tax liabilities).