Consolidated statement of financial position

as at 31 December 2018

Millions of US Dollars

Notes 2018 2017
ASSETS
Non-current assets 12,044 10,552
Property, plant and equipment 11 11,724 10,142
Deferred tax assets 24 136 189
Goodwill 78 78
Other assets 12 106 143
Current assets 1,995 2,105
Trade accounts and other receivables 13 882 878
Inventories 14 735 566
Prepaid and recoverable taxes 15 175 140
Derivative financial assets 37 45
Cash and cash equivalents 16 166 476
Total assets 14,039 12,657
EQUITY AND LIABILITIES
Equity 5,235 5,226
Share capital 17
Share premium 17 104
Revaluation reserve 5,665 4,774
Hedging reserve 26 (62)
Translation reserve (1,812) (1,402)
Retained earnings 1,063 1,715
Attributable to ordinary shareholders of the parent 5,046 5,025
Non-controlling interests 189 201
Non-current liabilities 7,083 4,883
Long-term borrowings 19 3,272 3,377
Deferred tax liabilities 24 1,663 1,324
Other liabilities 21 2,148 182
Current liabilities 1,721 2,548
Short-term borrowings 19 1,081 1,450
Trade accounts and other payables 22 506 828
Derivative financial liabilities 4 137
Taxes payable 23 130 133
Total shareholders’ equity and liabilities 14,039 12,657

The comparative consolidated statement of financial position as at 31 December 2017 has been restated for the effect of the acquisition of SGC group described in note 30.

The accompanying notes on pages are an integral part of these consolidated financial statements.

VLADIMIR RASHEVSKY
CHIEF EXECUTIVE OFFICER

30 JANUARY 2019

NIKOLAY PILIPENKO
CHIEF FINANCIAL OFFICER

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