Consolidated Statement of Financial Position as at 31 December 2019

Note 31 December 2019 RUB million 31 December 2018 RUB million The Group initially applied IFRS 16 at 1 January 2019, using the modified retrospective approach. Under this approach, comparative information is not restated and the cumulative effect of initially applying IFRS 16 is recognised in retained earnings at the date of initial application. The comparative information is restated on account of correction of errors. See Notes 2 (g).
Assets
Property, plant and equipment 16 199,459 186,231
Advances issued for property, plant and equipment 13,006 6,759
Right-of-use assets 17 6,891 -
Catalysts 2,376 2,574
Intangible assets 1,567 1,786
Investments in associates 18 519 506
Deferred tax assets 19 8,214 8,995
Other non-current assets 20 1,636 1,843
Non-current assets 233,668 208,694
Other current investments 21 251 313
Inventories 22 29,405 31,710
Trade and other receivables 23 31,061 36,186
Cash and cash equivalents 24 8,236 9,320
Current assets 68,953 77,529
Total assets 302,621 286,223
Equity 25
Share capital 372 372
Share premium 7,494 7,494
Retained earnings 111,054 93,951
Actuarial losses (689) (556)
Foreign currency translation reserve 7,236 8,365
Equity attributable to shareholders of the Parent 125,467 109,626
Equity attributable to non-controlling interests 170 195
Total equity 125,637 109,821
Liabilities
Loans and borrowings 27 96,736 122,877
Lease liabilities 28 4,701 376
Defined benefit obligations 29 857 630
Deferred tax liabilities 19 10,278 9,023
Non-current liabilities 112,572 132,906
Loans and borrowings 27 36,839 20,679
Lease liabilities 28 1,543 718
Trade and other payables 30 26,030 21,473
Derivative financial liabilities - 626
Current liabilities 64,412 43,496
Total equity and liabilities 302,621 286,223