OREANDA-NEWS. October 08, 2010. UTair Aviation completed preparations and audit of IFRS accounting report for 2009 in accordance with the international financial reporting standards.

Preparation of IFRS accounting report and its audit are the important element of the company’s transparency policy and it’s attractiveness to investors.

Revenues of UTair Group rose by 7.7 % in comparison with 2008 to 33.5 billion roubles. Operational income increased to 1 867. 9 million roubles. After-tax net profit constituted 90.2 million roubles.

Value of Group’s assets grew 18.3% during the year and constituted 42 billion roubles, 21 billion of which are the main funds of UTair Group. Operational cash flow figures also showed in 2009 and constituted 1,9 billion roubles, which is three times more than in 2008.

Audit of the Company was provided by KPMG – one of the leading international auditing firm.