Financial Performance - Revenue for the year ended December 31, 2022, was $13,974 million, representing a 16.5% increase compared to $11,994 million in 2021[2] - Adjusted EBITDA decreased by 29.9% to $2,028 million from $2,893 million year-over-year[2] - Net profit for the year was $1,555 million, down 13.9% from $1,807 million in the previous year[2] - Total revenue increased by $1,980 million or 16.5% from $11,994 million in 2021 to $13,974 million in 2022[13] - The company reported a net profit of $1,793 million for the year, contributing to the overall increase in equity[43] - The company’s net profit for the year ended December 31, 2022, was $1,793 million, a decrease of 44% compared to $3,225 million in 2021[44] - The company’s share of profits from associates and joint ventures was $1,555 million in 2022, compared to $1,807 million in 2021, indicating a decrease of 13.9%[79] Assets and Liabilities - Total assets increased by 17.8% to $24,631 million from $20,906 million year-over-year[6] - Total liabilities rose by $1,942 million or 18.7% from $10,382 million in 2021 to $12,324 million in 2022[27] - Total equity reached $12,307 million in 2022, up from $10,524 million in 2021, indicating a growth of 16.9%[40] - The company’s non-current liabilities rose to $7,733 million in 2022, up from $5,790 million in 2021, reflecting a growth of 33.5%[40] - The total current liabilities for PJSC MMC Norilsk Nickel were $2,029 million in 2022, a decrease from $2,133 million in 2021, indicating a reduction of about 4.9%[179] Cash Flow - Operating cash flow for the year was negative at $(412) million, compared to a positive $1,146 million in 2021[7] - The net cash used in operating activities for the year ended December 31, 2022, was $412 million, down from $1,146 million in the previous year[28] - The net cash generated from investing activities for the year ended December 31, 2022, was $472 million, compared to $490 million in the previous year[28] - The net cash generated from financing activities for the year ended December 31, 2022, was $1,415 million, down from $1,891 million in the previous year[28] Production and Sales - Aluminum production for the year was 3,835 thousand tons, a 1.9% increase from 3,764 thousand tons in 2021[3] - The average selling price of aluminum decreased by 6.3% to $2,654 per ton from $2,832 per ton in the previous year[3] - Revenue from primary aluminum and alloys rose by $1,627 million or 16.3% to $11,593 million, driven by a 16.6% increase in average realized aluminum price from $2,553 per ton in 2021 to $2,976 per ton in 2022[15] - The aluminum segment reported revenues of $10,962 million for the year ended December 31, 2022, compared to $9,102 million in the previous year, reflecting an increase of approximately 20.4%[30] Costs and Expenses - Total sales cost increased by $2,497 million or 30.2% from $8,273 million in 2021 to $10,770 million in 2022[16] - Energy costs rose by $588 million or 28.4% to $2,658 million, attributed to a 14.7% increase in electricity prices during the reporting period[17] - Distribution expenses increased by 13.0% to $697 million, primarily due to rising transportation costs[19] - Administrative expenses rose to $769 million from $603 million in 2021, mainly due to increased labor costs[19] Dividends and Financial Income - The company reported a significant increase in dividends from Norilsk Nickel, rising 164.4% to $1,639 million from $618 million[7] - Financial income increased by $70 million or 111.1% from $63 million in 2021 to $133 million in 2022, primarily due to higher dividends from other investments[21] Market and Industry Trends - Global aluminum demand in 2022 increased by 0.3% year-on-year to 69 million tons, with China's demand also growing by 0.3% to 40.6 million tons[8] - The automotive sector accounted for 24% of global aluminum demand, growing by 2.7% due to increased production of electric vehicles and SUVs[8] - The global packaging industry saw a demand increase of 4.6% in 2022, driven by a shift from plastic and glass to aluminum[8] - Aluminum demand in the power sector grew by 9.4% year-on-year, primarily due to the expansion of renewable energy capacity[8] Impairments and Losses - The company reported a significant increase in impairment of trade receivables, which rose to $163 million from $60 million in 2021, indicating a 171% increase[44] - The impairment loss recognized for the Sayanal and PGLZ assets was $85 million, while a reversal of previously recognized impairment losses for KAZ, VgAZ, Kubal, and Taishet aluminum smelters totaled $699 million[148] Taxation - The company recognized a tax expense of $373 million in 2022, compared to a tax credit of $416 million in 2021[25] - The effective tax rate for the company remained at 20% for both 2021 and 2022[104] Shareholder Information - The earnings per share (EPS) for the fiscal year ending December 31, 2022, was $0.118, down from $0.212 in the previous year, indicating a decline of approximately 44.3%[128][129] - The total remuneration for executive directors in the fiscal year ending December 31, 2022, was $7,817 thousand, compared to $7,629 thousand in the previous year, reflecting an increase of approximately 2.5%[114][115]
俄铝(00486) - 2022 - 年度业绩