Appendix 3

Abridged consolidated financial statements of TGC-1 for 2019 under International Financial Reporting Standards (IFRS)

Consolidated statement of financial position as at 31 December 2019, RUB thous.

	31 December 2018	31 December 2019
ASSETS
Non-current assets
Property, plant and equipment	138,343,333	148,606,618
Investment property	174,440	164,166
Intangible assets	2,258,148	3,107,630
Investments in associates	410,718	421,325
Deferred income tax assets	499,538	315,755
Other non-current assets	255,568	1,445,199
Total non-current assets	141,941,745	154,060,693
Current assets
Cash and cash equivalents	6,866,953	880,717
Short-term investments	4,370	10,009,551
Trade and other receivables	14,950,000	13,715,453
Current income tax prepayments	17,643	156,503
Inventories	4,013,641	3,613,153
Total current assets	25,852,607	28,375,377
Non-current assets held for sale	117,440	68,139
TOTAL ASSETS	167,911,792	182,504,209
EQUITY AND LIABILITIES
Equity
Share capital	38,543,414	38,543,414
Share premium	22,913,678	22,913,678
Merger reserve	(6,086,949)	(6,086,949)
Other reserves	(1,209,011)	(1,209,011)
Effect of remeasurements of post-employment benefits obligations	110,689	(57,726)
Retained earnings	61,638,117	68,649,133
Equity attributable to the Company’s owners	115,909,938	122,752,539
Non-controlling interest	8,932,605	8,920,732
TOTAL EQUITY	124,842,543	131,673,271
Liabilities
Non-current liabilities
Long-term borrowings	11,598,000	4,000,000
Deferred income tax liabilities	10,777,059	10,328,460
Post-employment benefits obligations	895,250	1,158,573
Other non-current liabilities	130,231	7,553,591
Total non-current liabilities	23,400,540	23,040,624
Current liabilities
Short-term borrowings	7,461,589	13,257,860
Trade and other payables	10,518,874	13,514,383
Current income tax payable	626,612	32,454
Other taxes payable	1,061,634	985,617
Total current liabilities	19,668,709	27,790,314
TOTAL LIABILITIES	43,069,249	50,830,938
TOTAL EQUITY AND LIABILITIES	167,911,792	182,504,209

Consolidated statement of profit or loss and other comprehensive income for 2019, RUB thous.

	Year ended 31 December 2018	Year ended 31 December 2019
Revenue	92,455,180	97,255,648
Operating expenses	(77,428,990)	(85,599,003)
Impairment gain / (loss) on financial assets	(2,116,843)	491,902
Operating profit	12,909,347	12,148,547
Finance income	1,702,601	538,965
Finance costs	(2,335,020)	(2,359,508)
Finance costs, net	(632,419)	(1,820,543)
Profit before income tax	12,315,719	10,338,611
Income tax expense	(1,894,317)	(2,348,385)
Profit for the year	10,421,402	7,990,226
Other comprehensive (expense) / income
Items that will not be reclassified to profit or loss:
Remeasurements of post-employment benefits obligations	225,343	(211,475)
Income tax on remeasurement of post-employment benefit obligations	(41,051)	36,505
Other comprehensive (expense) / income for the year including tax	184,292	(174,970)
Total comprehensive income for the year	10,605,694	7,815,256
Profit / (loss) is attributable to:
Owners of the TGC-1	10,118,216	8,927,941
Non-controlling interests	303,186	(937,715)
Profit for the year	10,421,402	7,990,226
Total comprehensive income / (expense) is attributable to:
Owners of the TGC-1	10,300,665	8,759,526
Non-controlling interests	305,029	(944,270)
Total comprehensive income for the year	10,605,694	7,815,256
Earnings per ordinary share for profit attributable to owners of the TGC-1, basic and diluted (in Russian Roubles)	0.0026	0.0023

The full consolidated financial statements of TGC-1 under the International Financial Reporting Standards for 2019 are presented on the corporate website of TGC-1 http://www.tgc1.ru/en/ir/reports/ and in the Internet used by TGC-1 for information disclosure: http://www.e-disclosure.ru/portal/files.aspx?id=7263&type=4