Financial statements

Consolidated financial statement of JSW S.A. Capital Group for 2012

	For the financial year ended 31 Dec
	2012	2011 restated *
Sales revenues	8,821.0	9,376.8
Cost of products, materials and merchandise sold	(6,385.8)	(5,967.1)
Gross sales profit	2,435.2	3,409.7

Cost of sales	(361.9)	(272.2)
Administrative costs	(662.5)	(508.9)
Employee share ownership plan	-	(293.0)
Other income	53.5	49.4
Disputed property tax on underground mine workings	(48.5)	359.7
Other costs	(111.5)	(48.8)
Other net profits	3.9	12.6
Operating profit	1,308.2	2,708.5

Financial income	119.8	118.1
Financial costs	(153.1)	(152.7)
Share in profits of associates	2	1.1
Pre-tax profit	1,276.9	2,675.0

Income tax	(288.8)	(589.0)
Net profit	988.1	2,086.0

Other comprehensive income:
Actuarial profit/loss	(234.0)	24.1
Income tax	44.4	(4.6)
Total other comprehensive income	(189.6)	19.5

Total comprehensive income	798.5	2,105.5

Net profit attributable to:
- shareholders of the Parent Company	985.1	2,067.1
- non-controlling interest	3	18.9

Total comprehensive income attributable to:
- shareholders of the Parent Company	795.7	2,086.6
- non-controlling interest	2.8	18.9

Earnings per share attributable to shareholders of the Parent Company (in PLN per share)	8.35	18.25

* Explanation given in Note 2.1.1 of the Consolidated financial statement of JSW S.A. Capital Group for 2012