Consolidated Statement of Profit or Loss and Other Comprehensive Income for 2019

Note 2019 RUB Million 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).
Revenues 7 248,125 233,312
Cost of sales 9 (136,224) (124,008)
Gross profit 111,901 109,304
Administrative expenses 10 (16,476) (14,271)
Selling expenses 11 (38,121) (34,888)
Taxes, other than income tax, net 12 (2,384) (3,469)
Other expenses, net 13 (3,269) (2,679)
Operating profit 51,651 53,997
Finance income 14 1,458 447
Finance costs 14 (4,271) (6,721)
Foreign exchange gain/(loss), net 31(b) 12,346 (19,613)
Profit before tax 61,184 28,110
Income tax expense 15 (11,776) (5,975)
Profit for the year 49,408 22,135
Attributable to:
Non-controlling interests Non-controlling interests are the minority shareholders of the subsidiaries of PJSC “PhosAgro” 59 66
Shareholders of the Parent 49,349 22,069
Other comprehensive (loss)/income
Items that will never be reclassified to profit or loss
Actuarial losses and gains 29 (133) 170
Items that may be reclassified subsequently to profit or loss
Foreign currency translation difference (1,129) 2,872
Other comprehensive (loss)/income for the year (1,262) 3,042
Total comprehensive income for the year 48,146 25,177
Attributable to:
Non-controlling interests Non-controlling interests are the minority shareholders of the subsidiaries of PJSC “PhosAgro” 59 66
Shareholders of the Parent 48,087 25,111
Basic and diluted earnings per share (in RUB) 26 381 170

The consolidated financial statements were approved on 20 February 2020:

A.A. Guryev Chief executive officer
A.F. Sharabaiko Deputy CEO for Finance and International Projects