- Profile
- Address to shareholders
- Key events
- Company overview
- Company's securities
- Corporate governance report
- OAO TMK board of directors’ statement of compliance with the corporate governance principles
- OAO TMK’S corporate governance structure
- Rights and equitable treatment of shareholders
- Board of Directors
- Committees of the Board of Directors’
- Assessment of the board’s performance
- Executive management
- Information policy and disclosure
- Risk management and internal control
- Report on compliance with the principles and recommendations set out in the corporate governance code
- Corporate citizenship
- MD&A
- Financial statements
- Independent auditors’ report
- Consolidated Income Statement
- Consolidated Statement of Comprehensive Income
- Consolidated Statement of Financial Position
- Consolidated Statement of Changes in Equity
- Consolidated Statement of Cash Flows
- Notes to the Consolidated Financial Statements
- Corporate Information
- Basis of Preparation of the Financial Statements
- Significant Estimates and Assumptions
- Changes in Accounting Policies
- Significant Accounting Policies
- Basis of Consolidation
- Business Combination and Goodwill
- Cash and Cash Equivalents
- Financial Assets
- Inventories
- Property, Plant and Equipment
- Intangible Assets (Other than Goodwill)
- Impairment of Non-Financial Assets (Other than Goodwill)
- Borrowings
- Leases
- Provisions
- Employee Benefits Liability
- Government Grants
- Deferred Income Tax
- Equity
- Revenue Recognition
- Notes to the Consolidated Financial Statements
- Segment Information
- Cost of Sales
- Selling and Distribution Expenses
- Advertising and Promotion Expenses
- General and Administrative Expenses
- Research and Development Expenses
- Other Operating Expenses
- Other Operating Income
- Income Tax
- Earnings per Share
- Acquisition and Disposal of Subsidiaries
- Investments in Associates
- Cash and Cash Equivalents
- Trade and Other Receivables
- Inventories
- Prepayments and Input VAT
- Property, Plant and Equipment
- Goodwill and Other Intangible Assets
- Other Non-Current Assets
- Trade and Other Payables
- Provisions and Accruals
- Interest-Bearing Loans and Borrowings
- Convertible Bonds
- Finance Lease Liability
- Employee Benefits Liability
- Other Non-Current Liabilities
- Interests in Subsidiaries
- Related Parties Disclosures
- Contingencies and Commitments
- Equity
- Financial Risk Management Objectives and Policies
- Subsequent events
Annual Report 2014
Revenue Recognition
Revenue is recognised to the extent that it is probable that economic benefits will flow to the Group and the amount of revenue can be measured reliably. Revenues from sales of inventory are recognised when significant risks and rewards of ownership of goods have passed to the buyer. Revenues arising from rendering of services are recognised in the same period when the services are provided.
Revenues are measured at the fair value of the consideration received or receivable. When the fair value of consideration received cannot be measured reliably, revenue is measured at the fair value of goods or services provided.