7.2

2015 audited financial statements under ifrs

Consolidated condensed statement of profit and loss and other comprehensive income

Notes Year ended 31 December 2015 Year ended 31 December 2014
Revenues 4 69,671,656 68,975,197
Operating expenses 5 -68,214,664 -69,294,527
Other income 7 1,218,605 1,892,737
Result from operating activities   2,675,597 1,573,407
Finance income 8 409,801 304,643
Finance costs 8 -1,160,256 -993,642
Profit before income tax   1,925,142 884,408
Income tax 9 -447,361 -52,307
Profit for the year   1,477,781 832,101
Other comprehensive income      
Items that may be reclassified subsequently to profit or loss      
Net change in fair value of available-for-sale financial assets   52,688 19,071
Income tax related to other comprehensive income   -9,669 -3,546
Items that wiil not be reclassified subsequently to profit or loss      
Remeasurement of defined benfit pension plans   -314,828 -118,643
Income tax related to other comprehensive income   58,271 22,726
Other comprehensive income/(loss) for the year, net of income tax   -213,538 -80,392
Total comprehensive income for the year   1,264,243 751,709
Profit attributable to:      
Owners of the Company   1,763,554 757,605
Non-controlling interest   -285,773 74,496
Total comprehensive income attributable to:      
Owners of the Company   1,552,642 676,094
Non-controlling interest   -288,399 75,615
Earnings per share 17 0,0202 0,0087
Basic and diluted earnings per share (RUB)

Consolidated statements on financial position

  Notes 31 December 2015 31 December 2014
Assets
Non‑current assets
Property, plant and equipment 11 60,912,946 60,578,361
Investment property 11 65,366 61,781
Intangible assets 10 297,145 1,309
Non-current trade receivables 14 55,817 41,757
Deferred tax assets 9 183,279 8,075
Assets related to the employee benefit 20 186,654 183,823
Investments available for sale 12 452,736 400,446
Total non‑current assets   62,153,943 61,275,552
Current assets
Inventories 13 709,768 637,493
Income tax receivable   255,701 128,101
Trade and other receivables 14 9,849,665 9,355,189
Prepayments for current assets 15 98,304 165,012
Cash and cash equivalents 16 4,291,372 3,665,014
Total current assets   15,204,810 13,950,809
Total assets   77,358,753 75,226,361
Equity and liabilities
Equity 17    
Share capital   8,743,049 8,743,049
Other reserves   -1, 308,446 -1,097,533
Retained earnings   33,235,620 31,979,162
Total equity attributable to shareholders of the Company   40,670,223 39,624,678
Non-controlling interest   689,447 993,650
Total equity   41,359,670 40,618,328
Non-current liabilities
Loans and borrowings 18 7,525,215 11,525,963
Trade and other payables 19 882,852 1,235,442
Employee benefits 20 2,522,436 2,047,918
Deferred tax liabilities 9 3,096,390 3,345,347
Total non-current liabilities   14,026,893 18,154,670
Current liabilities
Loans and borrowings 18 7,760,545 2,633,541
Trade and other payables 19 11,234,990 9,947,762
Provisions 21 1,894,573 2,888,567
Other taxes payable 22 1,056,828 912,961
Income tax payable   25,254 70,532 
Total current liabilities   21,972,190 16,453,363
Total liabilities   35,999,083 34,608,033
Total equity and liabilities   77,358,753 75,226,361

Consolidated statement of cash flows

Notes Year ended 31 December 2015 Year ended 31 December 2014
Cash flows from operating activities
Profit before income tax   1,925,142 884,408
Adjustments
Depreciation and amortization 5 5,924,278 5,710,727
Impairment of property, plant and equipment 5 1,527,923 1,496,421
Change in impairment of trade and other receivables reserve 5, 7 932,354 136,171
Net finance costs 8 750,454 688,999
Loss on disposal of property, plant and equipment 5 285,432 177,546
Write-off of accounts payable 7 -8,385 -64,348
Change in provision 21 -56,146 2,167,656
Adjustment for other non-cash transactions   34,940 22,393
Operating profit before changes in working capital   11,315,992 11,219,973
Change in taxes payable other than income tax   143,867 392,120
Change in assets related to the employee benefits   5,595 105,257
Change in inventories   -95,717 222,278
Change in trade and other payables and provisions   -770,859 1,865,942
Change in trade and other receivables and prepayments   -1,365,802 -1,741,359
Change in employee benefits   -59,954 -198,514
Cash flows from operations before income taxes paid   9,173,122 11,865,697
Interest received   385,283 250,366
Income tax paid   -995,803 -355,493
Cash flows from operating activities   8,562,602 11,760,570
Cash flows from investing activities
Proceeds from repayment of loans issued   22,094 34,972
Proceeds from disposal of property, plant and equipment   18,257 17,813
Loans issued   -301 -19,997
Acquisition of intangible assets   -292,470 -1,206
Acquisition of property, plant and equipment   -7,083,451 -8,903,926
Dividends received   - 12,318
Cash flows used in investing activities   -7,335,871 -8,860,026
Cash flows from financing activities
Proceeds from loans and borrowings   6,647,003 4,328,229
Receipt of government grants   - 37,687
Repayment of finance lease liabilities   - -13,819
Dividends paid   -518,809 -84,062
Interest paid   -1,187,671 -1,136,337
Repayments of loans and borrowings   -5,540,896 -4,359,608
Cash flows (used in) / from financing activities   -600,373 -1,227,910
Net increase/(decrease) in cash and cash equivalents   626,358 1,672,634
Cash and cash equivalents at the beginning of the year   3,665,014 1,992,380
Cash and cash equivalents at the end of the year 16 4,291,372 3,665,014