(In thousands of Russian rubles)

	Attributable to equity holders of the parent
	Share capital	Share premium	Treasury shares	Retained earnings	Equity attributable to equity holders of the parent
Balance at 1 January 2017	946	42,647,372	–	153,428,650	196,076,968
Profit for the year	–	–	–	35,538,972	35,538,972
Total comprehensive income for the year	–	–	–	35,538,972	35,538,972
Dividends declared (Note 15)	–	–	–	(17,297,163)	(17,297,163)
Additional issue of shares (Note 14)	74	44,988,588	–	–	44,988,662
Balance at 31 December 2017	1,020	87,635,960	–	171,670,459	259,307,439
Balance at 1 January 2018	1,020	87,635,960	–	171,670,459	259,307,439
Profit for the year	–	–	–	33,864,524	33,864,524
Total comprehensive income for the year	–	–	–	33,864,524	33,864,524
Dividends declared (Note 15)	–	–	–	(27,437,973)	(27,437,973)
Purchase of treasury shares (Note 14)	–	–	(17,727,687)	–	(17,727,687)
Business combination (Note 6, 14)	–	(378,620)	5,676,224	–	5,297,604
Balance at 31 December 2018	1,020	87,257,340	(12,051,463)	178,097,010	253,303,907

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.