Note | 31 December 2020 | 31 December 2019 | |
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 9 |
|
|
Subsoil licences and related costs | 10 |
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Investment in equity instruments measured at fair value through other comprehensive income | 11 |
|
|
Long-term derivative financial instruments | 12 |
|
|
Right-of-use assets | 17 |
|
|
Deferred tax assets | 24 |
|
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Other non-current assets |
|
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|
Total non-current assets |
|
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Current assets | |||
Inventories | 8 |
|
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Accounts receivable | 7 |
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Cash and cash equivalents | 6 |
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Short-term derivative financial instruments | 12 |
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Other current assets |
|
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|
Total current assets |
|
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TOTAL ASSETS |
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|
EQUITY | |||
Share capital | 15 |
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|
Treasury shares |
( |
( |
|
Retained earnings |
|
|
|
Revaluation reserve |
( |
( |
|
Other reserves |
( |
( |
|
Cumulative currency translation difference |
|
|
|
Equity attributable to the Company's owners |
|
|
|
Non-controlling interests | 16 |
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|
TOTAL EQUITY |
|
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|
LIABILITIES | |||
Non-current liabilities | |||
Long-term borrowings | 14 |
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Long-term derivative financial instruments | 12 |
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Long-term lease liabilities | 17 |
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|
Deferred tax liabilities | 24 |
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Other non-current liabilities |
|
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Total non-current liabilities |
|
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Current liabilities | |||
Accounts payable | 13 |
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Short-term derivative financial instruments | 12 |
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Short-term borrowings | 14 |
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Advances received |
|
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Short-term lease liabilities | 17 |
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Other current liabilities |
|
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|
Other current liabilities |
|
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|
TOTAL LIABILITIES |
|
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|
TOTAL LIABILITIES AND EQUITY |
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|
Note | 2020 | 2019 | |
Revenue | 4 |
|
|
Cost of sales | 18 |
( |
( |
Gross profit |
|
|
|
Transportation expenses | 20 |
( |
( |
Selling, general and administrative expenses | 19 |
( |
( |
Profit on sale of potash leases | 10 |
|
|
Other operating income/(expenses), net | 22 |
|
( |
Operating profit |
|
|
|
Finance (expenses)/income, net | 21 |
( |
|
Interest expense |
( |
( |
|
(Loss)/gain on derivatives, net |
( |
|
|
Profit before taxation |
|
|
|
Income tax expense | 24 |
( |
( |
Profit for the year |
|
|
|
Other comprehensive income/(loss) on items that will not be reclassified to profit or loss: | |||
Investment in equity instruments measured at fair value through other comprehensive income: | |||
- Gain/(loss) arising during the year | 11 |
|
( |
Other comprehensive income/(loss) on items that are or may be reclassified to profit or loss | |||
Currency translation differences |
|
( |
|
Other comprehensive income/(loss) for the year |
|
( |
|
Total comprehensive income for the year |
|
|
|
Profit is attributable to: | |||
Owners of the Company |
|
|
|
Non-controlling interests |
|
|
|
Profit for the year |
|
|
|
Total comprehensive income is attributable to: | |||
Owners of the Company |
|
|
|
Non-controlling interests |
|
|
|
Total comprehensive income for the year |
|
|
|
Earnings per share | |||
Basic (expressed in Russian Roubles) | 23 |
|
|
Diluted (expressed in Russian Roubles) | 23 |
|
|
Note | 2020 | 2019 | |
Cash flows from operating activities | |||
Profit for the period |
|
|
|
Adjustments for: | |||
Income tax expense | 24 |
|
|
Depreciation and amortisation | 9 |
|
|
Provision for inventory obsolescence |
|
|
|
Provision for impairment of accounts receivable |
|
|
|
Loss on disposal of property, plant and equipment | 22 |
|
|
Interest expense |
|
|
|
Interest income | 21 |
|
|
Loss/(gain) on derivatives, net |
|
( |
|
Dividend income | 21 |
( |
|
Profit on sale of potash leases | 10 |
( |
|
Unrealised foreign exchange effect on non-operating balances |
|
( |
|
Operating cash flows before working capital changes |
|
|
|
(Increase)/decrease in gross trade receivables |
( |
|
|
(Increase)/decrease in advances to suppliers |
( |
|
|
Decrease/(increase) in other receivables |
|
( |
|
(Increase)/decrease in inventories |
( |
|
|
Increase in other current assets |
|
( |
|
Increase in trade payables |
|
|
|
Increase/(decrease) in other payables |
|
( |
|
Increase in advances from customers |
|
|
|
Increase/(decrease) in other current liabilities |
|
( |
|
Cash generated from operations |
|
|
|
Income taxes paid |
( |
( |
|
Interest paid |
( |
( |
|
Net cash from operating activities |
|
|
|
Cash flows from investing activities | |||
Purchase of property, plant and equipment and intangible assets |
( |
( |
|
Proceeds from sale of potash leases |
|
|
|
Interest received |
|
|
|
Dividend received |
|
|
|
Purchase of investment in equity instruments measured at fair value through other comprehensive income |
( |
( |
|
Net change in other non-current assets and liabilities |
( |
( |
|
Net cash used in investing activities |
( |
( |
Note | 2020 | 2019 | |
Cash flows from financing activities | |||
Acquisition of non-controlling interest | ( |
( |
|
Purchase of shares of subsidiary | 16 | ( |
|
Proceeds from sale of shares of subsidiary | 16 | ||
Extension of options on shares of subsidiary | ( |
||
Acquisition and redemption of treasury shares | ( |
( |
|
Contribution of non-controlling shareholder | |||
Dividend paid to shareholders | ( |
( |
|
Dividend paid to non-controlling shareholders | ( |
( |
|
Proceeds from borrowings | 14 | ||
Repayment of borrowings | 14 | ( |
( |
Payment of lease liabilities | 17 | ( |
( |
Net cash used in financing activities | ( |
( |
|
Net increase in cash and cash equivalents | |||
Cash and cash equivalents at 1 January | |||
Effect of movements in exchange rates on cash and cash equivalents | ( |
||
Cash and cash equivalents at 31 December | 6 |
Capital and reserves attributable to the Company’s owners | ||||||||
Share capital | Treasury shares | Retained earnings | Revaluation reserve | Other reserves | Cumulative currency translation difference | Non-controlling interests | Total equity | |
Balance at 1 January 2019 | ( |
( |
( |
|||||
Total comprehensive income | ||||||||
Profit for the year | - | - | - | - | - | |||
Other comprehensive loss | ||||||||
Loss on investment in equity instruments measured at fair value through other comprehensive income (Note 11) | - | - | - | ( |
- | - | - | ( |
Currency translation differences | - | - | - | - | - | ( |
( |
( |
Total other comprehensive loss | - | - | - | ( |
- | ( |
( |
( |
Total comprehensive income for the year | - | - | ( |
- | ( |
|||
Acquisition of non-controlling interest | - | - | - | - | - | ( |
||
Acquisition and redemption of treasury shares | - | ( |
- | - | ( |
- | - | ( |
Contribution of non-controlling shareholder | - | - | - | - | - | - | ||
Dividend declared | - | ( |
- | - | - | ( |
( |
|
Provision for previous years obligations | - | - | ( |
- | - | - | - | ( |
Other | - | - | ( |
- | - | - | - | ( |
Total transactions with Company’s owners | - | ( |
( |
- | ( |
- | ( |
( |
Balance at 31 December 2019 | ( |
( |
( |
Capital and reserves attributable to the Company’s owners | ||||||||
Share capital | Treasury shares | Retained earnings | Revaluation reserve | Other reserves | Cumulative currency translation difference | Non-controlling interests | Total equity | |
Balance at 1 January 2020 | ( |
( |
( |
|||||
Total comprehensive income | ||||||||
Profit for the year | - | - | - | - | - | |||
Other comprehensive income | ||||||||
Gain on investment in equity instruments measured at fair value through other comprehensive income (Note 11) | - | - | - | - | - | - | ||
Currency translation differences | - | - | - | - | - | |||
Total other comprehensive income | - | - | - | - | ||||
Total comprehensive income for the year | - | - | - | |||||
Dividend declared | - | - | ( |
- | - | - | ( |
( |
Acquisition of treasury shares | - | ( |
- | - | ( |
- | - | ( |
Sale of non-controlling interest (Note 16) | - | - | - | - | ||||
Acquisition of non-controlling interest (Note 16) | ( |
- | - | - | - | ( |
||
Provision for previous years obligations | - | - | ( |
- | - | - | - | ( |
Other | - | - | ( |
- | - | - | ( |
|
Total transactions with Company’s owners | - | ( |
( |
- | ( |
- | ( |
|
Balance at 31 December 2020 | ( |
( |
( |