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