SUMMARY INTERIM CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS
(UNAUDITED)
for the six months ended June 30, 2023
CONTENTS
REPORT ON REVIEW OF SUMMARY INTERIM FINANCIAL INFORMATION
SUMMARY INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
SUMMARY INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION SUMMARY INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY SUMMARY INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
NOTES TO THE SUMMARY INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
MECHEL PAO
SUMMARY INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
AND
OTHER COMPREHENSIVE INCOME for the six months ended June 30, 2023
(All amounts are in millions of Russian rubles, unless stated otherwise)
Six months | |||
ended | |||
Notes | June 30, 2023 | ||
(unaudited) | |||
Revenue from contracts with customers | 6 | 194,686 | |
Cost of sales | (121,207) | ||
Gross profit | 6 | 73,479 | |
Selling and distribution expenses | (29,417) | ||
Impairment of goodwill and other non-current assets, net | 9 | (4,067) | |
Allowance for expected credit losses | (700) | ||
Taxes other than income taxes | (2,130) | ||
Administrative and other operating expenses | (9,311) | ||
Other operating income | 1,138 | ||
Total selling, distribution and operating income and | |||
(expenses), net | (44,487) | ||
Operating profit | 28,992 | ||
Finance income | 7 | 580 | |
Finance costs | 7 | (12,642) | |
Foreign exchange (losses) gains, net | (24,315) | ||
Share of profit (loss) of associates, net | 35 | ||
Other income | 13 | ||
Other expenses | (36) | ||
Total other income and (expenses), net | (36,365) | ||
(Loss) profit before tax | (7,373) | ||
Income tax benefit (expense) | 12 | 3,899 | |
(Loss) profit | (3,474) | ||
Attributable to: | |||
Equity shareholders of Mechel PAO | (3,478) | ||
Non-controlling interests | 4 | ||
Other comprehensive income | |||
Other comprehensive income (loss) that may be reclassified | 936 | ||
to profit or loss in subsequent periods, net of tax: | |||
Exchange differences on translation of foreign operations .... | 936 | ||
Other comprehensive income not to be reclassified to | (14) | ||
profit or loss in subsequent periods, net of tax: | |||
Net gain on equity instruments designated at fair value | 7 | ||
through other comprehensive income | |||
Remeasurement of defined benefit plans | (21) | ||
Other comprehensive income (loss), net of tax | 922 | ||
Total comprehensive (loss) income, net of tax | |||
(2,552) | |||
Attributable to: | |||
Equity shareholders of Mechel PAO | (2,557) | ||
Non-controlling interests | 5 | ||
Earnings per share | |||
Weighted average number of common shares | 404,776,126 | ||
(Loss) earnings per share (Russian rubles per share) | |||
attributable to common equity shareholders - basic and | |||
diluted | (8.59) |
Six months
ended
June 30, 2022
(unaudited)
249,154
(138,823)
110,331
(29,557)
(519)
(501)
(1,783)
(9,217)
1,146
(40,431)
69,900
1,742
(16,697)
34,950
3
10
(241)
19,767
89,667
(17,003)
72,664
69,412
3,252
(3,648)
(3,648)
(447)
-
(447)
(4,095)
68,569
65,332
3,237
404,776,126
171.48
The accompanying notes to the summary interim condensed consolidated financial statements are an integral part of these statements.
5