Consolidated statement
Notes | Year ended December 31, 2016 | Year ended December 31, 2015 | |
---|---|---|---|
Fee and commission income | 5 | 19 797,6 | 17 784,0 |
Interest and other finance income | 6 | 22 730,6 | 27 050,0 |
Interest expense | (118,5) | (122,9) | |
Net gain / (loss) on financial assets available-for-sale | 7 | 1 425,3 | (280,7) |
Foreign exchange gains less losses | 8 | (342,4) | 1 438,5 |
Other operating income | 74,6 | 121,1 | |
Operating Income | 43 567,2 | 45 990,0 | |
Administrative and other operating expenses | 9 | (6 312,3) | (5 488,7) |
Personnel expenses | 10 | (5 947,1) | (5 783,2) |
Operating Profit | 31 307,8 | 34 718,1 | |
Share of profits of associates | - | 1,2 | |
Profit before Tax | 31 307,8 | 34 719,3 | |
Income tax expense | 11 | (6 125,2) | (6 867,2) |
Net Profit | 25 182,6 | 27 852,1 | |
Attributable to: | |||
Equity holders of the parent | 25 178,1 | 27 908,8 | |
Non-controlling interest | 4,5 | (56,7) | |
Earnings per share | |||
Basic earnings per share, rubles | 24 | 11,22 | 12,51 |
Diluted earnings per share, rubles | 24 | 11,16 | 12,44 |
Chairman of the Executive Board Afanasiev A.K.
March 2, 2017
Moscow
Chief Financial Officer, Management Board Member Fetisov E.E.
March 2, 2017
Moscow
Notes | Year ended December 31, 2016 | Year ended December 31, 2015 | |
---|---|---|---|
Net profit | 25 182,6 | 27 852,1 | |
Other comprehensive income that may be reclassified subsequently to profit or loss: | |||
Exchange differences on translating foreign operations | (26,6) | (119,5) | |
Net income resulting from revaluation of investments available-for-sale | 1 686,7 | 2 506,2 | |
Net (gain) / loss on investments available-for sale reclassified to profit or loss | 7 | (1 425,3) | 280,7 |
Income tax relating to items that may be reclassified | (52,3) | (557,3) | |
Other comprehensive income that may be reclassified subsequently to profit or loss | 182,5 | 2 110,1 | |
Total comprehensive income | 25 365,1 | 29 962,2 | |
Attributable to: | |||
Equity holders of the parent | 25 378,1 | 30 112,3 | |
Non-controlling interest | (13,0) | (150,1) | |
Total comprehensive income | 25 365,1 | 29 962,2 |
Notes | December 31, 2016 | December 31, 2015 | |
---|---|---|---|
Assets | |||
Cash and cash equivalents | 12 | 380 516,6 | 992 696,1 |
Financial assets at fair value though profit or loss | 0,4 | 0,4 | |
Due from financial institutions | 13 | 63 842,7 | 44 403,8 |
Central counterparty financial assets | 14 | 1 733 263,8 | 518 509,3 |
Investments available-for-sale | 15 | 218 496,2 | 167 472,3 |
Property and equipment | 16 | 7 706,4 | 6 795,8 |
Intangible assets | 17 | 18 357,9 | 18 029,4 |
Goodwill | 18 | 15 971,4 | 15 971,4 |
Current tax prepayments | 51,9 | 420,4 | |
Assets held for sale | – | 122,5 | |
Deferred tax asset | 11 | 1 776,5 | 114,7 |
Other assets | 19 | 1 954,1 | 1 781,5 |
Total assets | 2 441 937,9 | 1 766 317,6 | |
Liabilities | |||
Balances of market participants | 20 | 574 590,1 | 1 119 097,5 |
Central counterparty financial liabilities | 14 | 1 733 263,8 | 518 509,3 |
Distributions payable to holders of securities | 2 952,3 | 6 138,4 | |
Margin account under reverse repo | 13 | – | 417,7 |
Current tax payables | 990,5 | 384,4 | |
Liabilities related to assets held for sale | – | 1,4 | |
Deferred tax liability | 11 | 3 165,6 | 5 017,3 |
Other liabilities | 21 | 3 592,0 | 3 142,0 |
Total liabilities | 2 318 554,3 | 1 652 708,0 | |
Equity | |||
Share сapital | 22 | 2 498,1 | 2 498,1 |
Share premium | 22 | 32 286,2 | 32 471,1 |
Treasury shares | 22 | (2 271,9) | (2 921,8) |
Foreign currency translation reserve | (21,4) | (16,5) | |
Reserves relating to assets held for sale | – | (72,1) | |
Investments revaluation reserve | 1 110,5 | 901,4 | |
Share-based payments | 413,1 | 504,6 | |
Retained earnings | 89 177,8 | 79 991,0 | |
Total equity attributable to owners of the parent | 123 192,4 | 113 355,8 | |
Non-controlling interest | 191,2 | 253,8 | |
Total equity | 123 383,6 | 113 609,6 | |
Total liabilities and equity | 2 441 937,9 | 1 766 317,6 |
Notes | Year ended December 31, 2016 | Year ended December 31, 2015 | |
---|---|---|---|
Cash flows from / (used in) operating activities: | |||
Profit before tax | 31 307,8 | 34 719,3 | |
Adjustments for: | |||
Depreciation and amortisation charge | 9 | 2 294,3 | 1 799,7 |
Net change in deferred commission income | (12,5) | 395,8 | |
Accrued expenses | – | 28,2 | |
Fair value adjustment on securities at fair value through profit or loss | – | 58,3 | |
Share-based payment expense | 10 | 255,3 | 289,9 |
Unrealized loss/(gain) on foreign exchange operations | 151,7 | (207,7) | |
Share of profits of associates | – | (1,2) | |
(Gain) / Loss on disposal of investments available-for-sale | 7 | (1 425,3) | 280,7 |
Net change in interest accruals | 764,4 | (2 540,3) | |
Net loss on disposal of property and equipment and intangible assets | 9 | 9,5 | 26,1 |
Impairment of other assets | 19 | 2,8 | 19,3 |
Impairment related to assets held for sale | 9 | – | 106,0 |
Loss on disposal of assets held for sale | 9 | 52,4 | – |
Changes in operating assets and liabilities: | |||
Due from financial institutions | (30 590,7) | 30 884,2 | |
Financial assets at fair value through profit or loss | – | 11 226,7 | |
Central counterparty financial assets | (1 214 754,5) | (378 899,5) | |
Other assets | (152,6) | (733,5) | |
Balances of market participants | (429 489,5) | (330 346,6) | |
Central counterparty financial liabilities | 1 214 754,5 | 378 899,5 | |
Distributions payable to holders of securities | (3 186,1) | (214,6) | |
Margin account under reverse repo | (417,7) | 417,7 | |
Other liabilities | (132,3) | (91,2) | |
Cash flows used in operating activities before taxation | (430 568,5) | (253 883,2) | |
Income tax paid | (8 720,9) | (7 101,3) | |
Cash flows used in operating activities | (439 289,4) | (260 984,5) |
Notes | Year ended December 31, 2016 | Year ended December 31, 2015 | |
---|---|---|---|
Cash flows from / (used in) investing activities: | |||
Purchase of investments available-for-sale | (183 585,0) | (154 789,3) | |
Proceeds from disposal of investments available-for-sale | 116 623,9 | 78 486,0 | |
Purchase of property and equipment and intangible assets | (3 548,3) | (2 208,1) | |
Proceeds from disposal of property and equipment and intangible assets | 5,3 | 7,6 | |
Proceeds from sale of investments in associates | 34,2 | – | |
Disposal of subsidiaries, net of cash disposed | 46,5 | – | |
Cash flows used in investing activities | (70 423,4) | (78 503,8) | |
Cash flows from / (used in) financing activities: | |||
Dividends paid | (15 994,8) | (8 653,5) | |
Uncalled dividends returned | 162,3 | – | |
Sale of treasury shares | 355,1 | 163,6 | |
Acquisition of non-controlling interest in subsidiaries | (5,5) | – | |
Acquisition of treasury shares | (236,9) | – | |
Сash flows used in financing activities | (15 719,8) | (8 489,9) | |
Effect of changes in foreign exchange rates on cash and cash equivalents | (85 847,9) | 175 992,2 | |
Net decrease in cash and cash equivalents | (611 280,5) | (171 986,0) | |
Cash and cash equivalents, beginning of period | 12 | 991 797,1 | 1 163 783,1 |
Cash and cash equivalents, end of period | 12 | 380 516,6 | 991 797,1 |
Interest received by the Group during the year ended December 31, 2016, amounted to RUB 23 497,0 million (December 31, 2015: RUB 24 439,3 million).
Interest paid by the Group during the year ended December 31, 2016, amounted to RUB 116,0 million (December 31, 2015: RUB 122,9 million).
Share capital | Share premium | Treasury shares | Invest-ments revaluation reserve | Share-based payments | Foreign currency translation reserve | Reserves relating to assets held for sale | Retained earnings | Total equity attributable to owners of the parent | Non-controlling interest | Total equity | |
---|---|---|---|---|---|---|---|---|---|---|---|
December 31, 2014 | | 32 528,0 | | (1 328,2) | 437,4 | (62,5) | - | | 91 443,4 | 404,0 | 91 847,4 |
Net profit | – | – | – | – | – | – | – | 27 908,8 | 27 908,8 | (56,7) | 27 852,1 |
Other comprehensive income | – | – | – | 2 229,6 | – | (26,1) | – | – | 2 203,5 | (93,4) | 2 110,1 |
Total comprehensive income for the period | – | – | – | 2 229,6 | – | (26,1) | – | 27 908,8 | 30 112,3 | (150,1) | 29 962,2 |
Foreign currency translation reserve relating to Assets held for sale | – | – | – | – | – | 72,1 | (72,1) | – | – | – | – |
Transactions with owners | |||||||||||
Dividends declared(Note 23) | – | – | – | – | – | – | – | (8 653,4) | (8 653,4) | (0,1) | (8 653,5) |
Share-based payments | – | (56,9) | 443,2 | – | 67,2 | – | – | – | 453,5 | – | 453,5 |
Total transactions with owners | – | (56,9) | 443,2 | – | 67,2 | – | – | (8 653,4) | (8 199,9) | (0,1) | (8 200,0) |
December 31, 2015 | 2 498,1 | 32 471,1 | (2 921,8) | 901,4 | 504,6 | (16,5) | (72,1) | 79 991,0 | 113 355,8 | 253,8 | 113 609,6 |
Net profit | – | – | – | – | – | – | – | 25 178,1 | 25 178,1 | 4,5 | 25 182,6 |
Other comprehensive income | – | – | – | 209,1 | – | (4,9) | (4,2) | – | 200,0 | (17,5) | 182,5 |
Total comprehensive income for the period | – | – | – | 209,1 | – | (4,9) | (4,2) | 25 178,1 | 25 378,1 | (13,0) | 25 365,1 |
Transactions with owners | |||||||||||
Dividends declared(Note 23) | – | – | – | – | – | – | – | (15 994,7) | (15 994,7) | (0,1) | (15 994,8) |
Share-based payments | – | (99,9) | 801,8 | – | (91,5) | – | – | – | 610,4 | – | 610,4 |
Repurchase of treasury shares | – | (85,0) | (151,9) | – | – | – | – | (236,9) | – | (236,9) | |
Sale of business in Ukraine | – | – | – | – | – | – | 76,3 | – | 76,3 | (40,6) | 35,7 |
Acquisition of non-controlling interest | – | – | – | – | – | – | 3,4 | 3,4 | (8,9) | (5,5) | |
Total transactions with owners | – | (184,9) | 649,9 | – | (91,5) | – | 76,3 | | (15 541,5) | (49,6) | |
December 31, 2016 | 2 498,1 | 32 286,2 | (2 271,9) | 1 110,5 | 413,1 | (21,4) | – | 89 177,8 | 123 192,4 | 191,2 | |