Consolidated statement of financial position

as at 31 December 2017

Millions of US Dollars

Notes 2017 2016
Assets
Non-current assets 8,472 6,754
Property, plant and equipment 11 8,179 6,497
Deferred tax assets 24 141 128
Goodwill 78 78
Other assets 74 51
Current assets 1,758 1,537
Trade accounts and other receivables 12 755 591
Inventories 13 516 433
Prepaid and recoverable taxes 14 119 122
Derivative financial assets 15 45 58
Cash and cash equivalents 16 323 333
Total assets 10,230 8,291
Equity and liabilities
Equity 4,489 2,833
Share capital 17
Revaluation reserve 4,774 3,880
Hedging reserve (62) (112)
Translation reserve (1,431) (1,494)
Retained earnings 1,008 392
Attributable to ordinary shareholders of the parent 4,289 2,666
Non-controlling interests 200 167
Non-current liabilities 3,814 3,395
Long-term borrowings 19 2,511 2,401
Deferred tax liabilities 24 1,147 861
Other liabilities 21 156 133
Current liabilities 1,927 2,063
Short-term borrowings 19 1,009 988
Trade accounts and other payables 22 715 810
Derivative financial liabilities 15 137 206
Taxes payable 23 66 59
Total shareholders’ equity and liabilities 10,230 8,291

The comparative consolidated statement of financial position as at 31 December 2016 has been restated for the effect of the acquisition under common control described in note 30.

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

Vladimir Rashevsky Chief Executive Officer
Nikolay Pilipenko Chief Financial Officer

24 January 2018