O'Key S A : Consolidated IFRS Financial Statements for H1 2023

O'KEY GROUP S.A.

Condensed Consolidated Interim Financial Statements

Six months ended 30 June 2023

O'KEY GROUP S.A.

CONTENTS
REVIEW REPORT OF INDEPENDENT ACCOUNTANTS
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
Condensed Consolidated Interim Statement of Financial Position	1
Condensed Consolidated Interim Statement of Profit or Loss and
Other Comprehensive Income	3
Condensed Consolidated Interim Statement of Changes in Equity	4
Condensed Consolidated Interim Statement of Cash Flows	6
Notes to the Condensed Consolidated Interim Financial Statements
1	Background	7
2	Basis of preparation	8
3	Significant accounting policies	9
4	Segment information	9
5	General, selling and administrative expenses	12
6	Other operating income and expenses, net	13
7	Finance income and finance costs	13
8	Foreign exchange (loss)/gain	13
9	Income tax	14
10	Investment property	14
11	Property, plant and equipment and construction in progress	15
12	Right-of-use assets	18
13	Intangible assets	19
14	Inventories	20
15	Trade and other receivables	20
16	Earnings per share	20
17	Loans and borrowings	21
18	Lease liabilities	22
19	Trade and other payables	22
20	Capital commitments	22
21	Contingencies	23
22	Fair value disclosures	24
23	Related party transactions	25

O'KEY GROUP S.A.

Condensed Consolidated Interim Statement of Financial Position as at 30 June 2023

'000 RUB	Note	30 June 2023		31 December 2022
ASSETS
Non-current assets
Investment property	10	1,257,218	1,474,333
Property, plant and equipment	11	42,170,127	42,609,851
Construction in progress	11	1,254,856	1,326,017
Right-of-use assets	12	21,692,769	19,216,816
Intangible assets	13	1,164,658	1,205,515
Deferred tax assets		5,887,544	5,245,595
Other non-current assets		1,627,085	1,801,139
Total non-current assets		75,054,257	72,879,266
Current assets
Inventories	14	22,431,699	23,916,987
Trade and other receivables	15	2,573,715	2,930,220
Prepaid income tax		104,378	59,282
Prepayments		802,530	1,177,461
Cash and cash equivalents		5,920,819	11,779,334
Non-current assets held for sale	10	255 000	305,000
Total current assets		32,088,141	40,168,284
Total assets		107,142,398	113,047,550

1

The condensed consolidated interim statement of financial position is to be read in conjunction with the notes to, and forming part of, the condensed consolidated interim financial statements set out on pages 7 to 26.

O'KEY GROUP S.A.

Condensed Consolidated Interim Statement of Financial Position as at 30 June 2023

'000 RUB	Note	30 June 2023		31 December 2022
EQUITY AND LIABILITIES
Equity
Share capital		119,440	119,440
Legal reserve		10,597	10,597
Additional paid-in capital		8,555,657	8,555,657
Retained earnings		348,423	3,325,409
Translation reserve		1,891,054	1,454,205
Total equity		10,925,171	13,465,308
Non-current liabilities
Loans and borrowings	17	42,243,532	35,525,212
Lease liabilities	18	19,273,573	16,924,142
Deferred tax liabilities		509,636	532,644
Total non-current liabilities		62,026,741	52,981,998
Current liabilities
Loans and borrowings	17	6,198,051	9,960,796
Interest accrued on loans and borrowings	17	251,965	215,737
Lease liabilities	18	5,941,033	5,620,662
Trade and other payables	19	21,799,437	30,636,945
Current income tax payable		-	166,104
Total current liabilities		34,190,486	46,600,244
Total liabilities		96,217,227	99,582,242
Total equity and liabilities		107,142,398	113,047,550

2

The condensed consolidated interim statement of financial position is to be read in conjunction with the notes to, and forming part of, the condensed consolidated interim financial statements set out on pages 7 to 26.

O'KEY GROUP S.A.

Condensed Consolidated Interim Statement of Profit or Loss and Other Comprehensive Income for the six months ended 30 June 2023

		Six months ended		Six months ended
'000 RUB	Note	30 June 2023		30 June 2022
Revenue	4	99,477,890	97,803,485
Cost of goods sold		(76,825,436)	(75,501,195)
Gross profit		22,652,454	22,302,290
General, selling and administrative
expenses	5	(21,762,285)	(19,793,712)
Other operating income and expenses, net	6	(389,294)	(551,029)
Operating profit		500,875	1,957,549
Finance income	7	130,408	257,223
Finance costs	7	(3,379,908)	(2,942,558)
Foreign exchange (loss)/gain	8	(880,518)	1,533,476
(Loss)/Profit before income tax		(3,629,143)	805,690
Income tax benefit/(expense)	9	652,157	(229,278)
(Loss)/Profit for the period		(2,976,986)	576,412
Other comprehensive (loss)/income
Items that will never be reclassified to profit
or loss:
Exchange differences on translation to
presentation currency		436,849	(875,289)
Other comprehensive income/(loss)
for the period, net of income tax		436,849	(875,289)
Total comprehensive (loss) for the period		(2,540,137)	(298,877)
(Loss)/Earnings per share
Basic and diluted (loss) earnings per share
(in RUB per share)	16	(11.1)	2.1

3

The condensed consolidated interim statement of profit or loss and other comprehensive income is to be read in conjunction with the notes to, and forming part of, the condensed consolidated interim financial statements set out on pages 7 to 26.