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