Financial results 2018

Consolidated Statement of Profit or Loss and Other Comprehensive Income (in millions of Russian rubles unless otherwise stated)

Notes Year ended
31 December 2018
Year ended
31 December 2017 (restated)
Revenue 8 1,021,602 948,344
Operating expenses 10 (869,263) (797,625)
Other income, net 9 23,355 21,677
Results from operating activities 175,694 172,396
Finance income 12 17,617 16,319
Finance costs 12 (27,517) (30,034)
Net finance costs (9,9) (13,715)
Share of profit of associates and joint ventures (net of income tax) 337 2
Profit before income tax 166,131 158,683
Income tax expense 13 (41,453) (37,524)
Profit for the period 124,678 121,159
Other comprehensive income/(loss)
Items that may be reclassified subsequently to profit or loss
Net change in fair value of available-for-sale financial assets (8,650)
Foreign currency translation difference 178 (51)
Income tax 17 1,728
Total items that may be reclassified subsequently to profit or loss 178 (6,973)
Items that will not be reclassified subsequently to profit or loss
Changes in fair value of financial assets at fair value through other comprehensive income 1,667
Remeasurements of the defined benefit liability 25 2,381 (3,780)
Income tax  17 6,160 610
Total items that will not be reclassified subsequently to profit or loss 10,208 (3,170)
Other comprehensive income/(loss) for the period, net of income tax 10,386 (10,143)
Total comprehensive income for the period 135,064 111,016
Profit attributable to:
Owners of the Company 90,985 89,828
Non-controlling interest 33,693 31,331
Total comprehensive income attributable to:
Owners of the Company 99,184 82,093
Non-controlling interest 35,880 28,923
Earnings per share
Basic and diluted earnings per ordinary share (in RUB) 22 0.46 0.46