AVTOVAZ Group* Operating Highlights for 2004
AVTOVAZ Group* Operating Highlights for 2004 Vehicle unit sales by JSC AVTOVAZ 2004 2003 Change 000’s units 000’s units % Domestic market 630 626 + 0.6 Export market 92 92 Total 722 718 + 0.6 Assembly kit unit sales 301 203 + 48 RR million RR million Net sales 160,536 130,772 + 23 Operating income 9,496 5,941 + 60 Consolidated Statement of Operations** Year ended 31 December 2004 2003 Change RR million RR million % Net sales 160,536 130,772 + 23 Cost of sales (133,687) (110,120) + 21 Gross profit 26,849 20,652 + 30 Interest expenses (3,451) (3,416) + 1 Other expenses, net (18,823) (14,285) + 32 Net income for the year 4,575 2,951 + 55 Consolidated Balance Sheet** At 31 December 2004 2003 Change RR million RR million % Cash and cash equivalents 11,966 6,871 + 74 Other current assets 42,048 37,364 + 12 Non-current assets 111,845 107,829 + 4 Total liabilities 82,369 72,562 + 13 Minority interest 1,616 1,290 + 25 Total shareholders’ equity 81,874 78,212 + 5 AVTOVAZ | 2004 JSC AVTOVAZ’s share price and dividend development *** For the year ended 31 December 2004, RR 2003, RR Change, % Share price Ordinary share Closing (weighted average) 775.95 774.7 + 0.16 Annual high (weighted average) 896.33 906.42 - 1.11 Annual low (weighted average) 622.32 582.06 + 6.92 Preference share Closing (weighted average) 773.94 471.88 + 64.01 Annual high (weighted average) 823.30 525.68 + 56.62 Annual low (weighted average) 474.91 339.77 + 39.77 Dividends per ordinary share 23 6.0 + 383.33 per preference share 23 95.0 - 75.79 * The AVTOVAZ Group mentioned hereinafter is the parent company (JSC AVTOVAZ or the “Company”) and all of its subsidiaries and associated companies.
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