13. Finance income
08
| RUB million | 2011 | 2010 |
|---|---|---|
| Interest income | 819 | 703 |
| Dividend income | 5 | 78 |
| Gain on disposal of investments | — | 731 |
| 824 | 1,512 |
Interest income mainly relates to interest accrued on bank deposits and loans issued to related parties. The gain on disposal of investment in 2010 relates mainly to disposal of 60% in a subsidiary LLC “FOSAGRO UKRAINE” for a consideration of RUB 1 million to a third party. At the moment of disposal, this subsidiary had negative net assets in the amount of RUB 288 million which resulted in recognition of a gain on disposal of RUB 289 million. The Group retained 40% shareholding in LLC “FOSAGRO UKRAINE” subsequent to the disposal.
Notes to the Consolidated Financial Statements
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