PJSC "PhosAgro"
Consolidated Interim Condensed Financial Statements
for the six months ended 30 June 2023
PJSC "PhosAgro"
Contents | ||
Report on Review of Consolidated Interim Condensed Financial Statements | ||
Consolidated Interim Condensed Statement of Profit or Loss and Other Comprehensive Income | ..............1 | |
Consolidated Interim Condensed Statement of Financial Position | 2 | |
Consolidated Interim Condensed Statement of Cash Flows | 3 | |
Consolidated Interim Condensed Statement of Changes in Equity | 4 | |
Notes to the Consolidated Interim Condensed Financial Statements | ||
1 | Background | 5 |
2 | Basis of preparation | 5 |
3 | Fair values determination | 6 |
4 | Seasonality | 7 |
5 | Cost of Group products sold | 8 |
6 | Administrative and selling overhead expenses | 8 |
7 | Taxes, other than income tax, net | 9 |
8 | Other expenses, net | 9 |
9 | Finance income and finance costs | 9 |
10 | Income tax expense | 10 |
11 | Property, plant and equipment | 10 |
12 | Right-of-use assets | 11 |
13 | Other non-current assets | 12 |
14 | Other financial assets | 13 |
15 | Inventories | 13 |
16 | Trade and other receivables | 14 |
17 | Cash and cash equivalents | 14 |
18 | Earnings per share | 15 |
19 | Loans and borrowings | 15 |
20 | Leases | 17 |
21 | Trade and other payables | 17 |
22 | Commitments | 17 |
23 | Related party transactions | 17 |
24 | Foreign currency risk | 18 |
25 | Significant subsidiaries | 19 |
26 | Subsequent events | 19 |
Joint-Stock Company | Ferro-Plaza Business Centre, |
14/3 Krzhizhanovsky street, bldg. | |
5/1, | |
Akademichesky municipal district, | |
Moscow, Russian Federation, | |
117218 | |
www.tedo.ru | T: +7 495 967 60 00 |
Report on Review of Consolidated Interim Condensed Financial Statements
To the Shareholders and Board of Directors of
Introduction
We have reviewed the accompanying consolidated interim condensed statement of financial position of
Public J as at 30 June 2023 and the related consolidated interim condensed statements of profit or loss and other comprehensive income for the three-month and six-month periods then ended, changes in equity and cash flows for the six-month period then ended, and the related explanatory notes. Management is responsible for the preparation and presentation of these consolidated interim condensed financial statements in accordance
(hereinafter ). Our
responsibility is to express a conclusion on these consolidated interim condensed financial statements based on our review.
Scope of review
We conducted our review in accordance with International Standard on Review Engagements 2410,
of consolidated interim condensed financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express
an audit opinion.
Basis for qualified conclusion
Management of the Group has not disclosed segment information in the notes to the consolidated interim
six months ended 30 June 2023 and for the comparative period six months ended 30 June 2022.
voluminous, presenting this undisclosed information in our report on review of consolidated interim condensed financial statements is not practicable.
Qualified conclusion
Based on our review, except for the effects of the matter described in the Basis for qualified conclusion section of our report, nothing has come to our attention that causes us to believe that the accompanying consolidated interim condensed financial statements are not prepared, in all material respects, in accordance with IAS 34.
29 August 2023
Moscow, Russian Federation
A.Y. Fegetsyn is authorised to sign on behalf of the general director of Joint-Stock Company (Principal Registration Number of the Record in the Register of Auditors
and Audit Organizations (PRNR) 12006020338), certified auditor (PRNR 21906101957)
PJSC "PhosAgro"
Consolidated Interim Condensed Statement of Financial Position as at 30 June 2023
RUB million | Note | 30 June 2023 | 31 December 2022 |
Assets | |||
Property, plant and equipment | 11 | 285,270 | 274,522 |
Other non-current assets | 13 | 11,001 | 8,546 |
Deferred tax assets | 9,493 | 7,903 | |
Advances issued for property, plant and equipment | 9,330 | 9,270 | |
Non-current spare parts | 7,093 | 5,125 | |
Right-of-use assets | 12 | 6,123 | 4,277 |
Catalysts | 2,192 | 1,965 | |
Intangible assets | 2,147 | 2,099 | |
Investments in associates | 647 | 592 | |
Non-current assets | 333,296 | 314,299 | |
Trade and other receivables | 16 | 53,494 | 75,741 |
Inventories | 15 | 41,584 | 39,349 |
Cash and cash equivalents | 17 | 31,673 | 13,356 |
VAT and other taxes receivable | 11,313 | 12,565 | |
Income tax receivable | 3,996 | 93 | |
Other financial assets | 14 | 263 | 210 |
Current assets | 142,323 | 141,314 | |
Total assets | 475,619 | 455,613 | |
Equity | |||
Share capital | 372 | 372 | |
Share premium | 7,494 | 7,494 | |
Retained earnings | 137,754 | 190,664 | |
Actuarial losses | (968) | (968) | |
Equity attributable to shareholders of the Parent | 144,652 | 197,562 | |
Equity attributable to non-controlling interests | 30 | 158 | |
Total equity | 144,682 | 197,720 | |
Liabilities | |||
Loans and borrowings | 19 | 179,205 | 109,784 |
Deferred tax liabilities | 11,720 | 17,820 | |
Lease liabilities | 20 | 2,376 | 1,660 |
Defined benefit obligations | 1,066 | 1,050 | |
Non-current liabilities | 194,367 | 130,314 | |
Loans and borrowings | 19 | 48,949 | 80,974 |
Dividends payable | 44,329 | 82 | |
Trade and other payables | 21 | 36,662 | 39,412 |
VAT and other taxes payable | 5,206 | 5,632 | |
Lease liabilities | 20 | 1,322 | 1,276 |
Income tax payable | 102 | 203 | |
Current liabilities | 136,570 | 127,579 | |
Total equity and liabilities | 475,619 | 455,613 | |
The consolidated interim condensed statement of profit or loss and other comprehensive income is to be read
in conjunction with the notes to, and forming part of, the consolidated interim condensed financial statements set out on pages 5 to 19.
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OAO PhosAgro published this content on 29 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2023 18:10:02 UTC.