(In thousands of Russian rubles)

	Notes	31 December 2018	31 December 2017 (Note 3Certain amounts shown here do not correspond to the financial statements for the year ended 31 December 2017 and reflect adjustments described in Note 3.)
Assets
Non-current assets
Property, plant and equipment	7	350,331,456	329,826,903
Investment property		–	600,000
Land lease rights	8	2,196,180	2,373,022
Intangible assets	9	3,442,439	2,267,960
Goodwill	6, 9	24,091,508	1,367,493
Long-term financial assets		150,552	350,645
Deferred tax asset	27	2,687,401	–
		382,899,536	336,786,023
Current assets
Inventories	10	187,778,882	162,204,502
Trade and other receivables	11	6,961,003	1,399,186
Advances paid	12	5,654,981	4,990,444
Taxes receivable		66,747	598,270
Prepaid expenses		522,021	640,440
Short-term financial assets		488,996	215,308
Income tax receivable		467,769	1,153,657
Cash and cash equivalents	13	26,747,754	18,337,417
		228,688,153	189,539,224
Total assets		611,587,689	526,325,247
Equity and liabilities
Equity attributable to equity holders of the parent
Share capital	14	1,020	1,020
Share premium	14	87,257,340	87,635,960
Treasury shares		(12,051,463)	–
Retained earnings		178,097,010	171,670,459
Total equity		253,303,907	259,307,439
Non-current liabilities
Long-term borrowings and loans	19	93,736,140	86,338,130
Long-term advances received		408,734	–
Government grants	20	2,975,361	1,100,568
Deferred tax liability	27	25,550,550	21,521,720
		122,670,785	108,960,418
Current liabilities
Trade and other payables	16	131,173,426	99,142,151
Accrued expenses	17	13,006,035	11,574,953
Taxes payable	18	4,791,836	6,283,720
Dividends payable	15	13,629,822	831
Short-term advances received		665,285	562,691
Contract liabilities		1,447,052	315,696
Government grants	20	62,340	55,423
Short-term borrowings and loans	19	70,837,201	40,121,925
		235,612,997	158,057,390
Total liabilities		358,283,782	267,017,808
Total equity and liabilities		611,587,689	526,325,247

Chief Executive PJSC «Magnit» Naumova O.V.

14 March 2019

The accompanying notes on pages 12-67 are an integral part of these consolidated financial statements.