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Consolidated Statement of Changes in Equity for the Year Ended 31 December 2014

(in millions of Russian Rubles)

  Notes Share capital Additional paid-in
capital
Treasury shares Retained earnings Total
Balance as at 31 December 2012   1,798 4,576 (588) 4,906 10,692
Recognition of share-based payment for ordinary shares previously issued 25 - - - 43 43
Exercise of share based payments   - - 260 (329) (69)
Dividends declared   - - - (2,462) (2,462)
Total comprehensive income for the year   - - - 5,729 5,729
Balance as at 31 December 2013   1,798 4,576 (328) 7,887 13,933
Recognition of share-based payment for ordinary shares previously issued 25 - - - 1 1
Dividends declared 13 - - - (8,028) (8,028)
Total comprehensive income for the year   - - - 7,989 7,989
Balance as at 31 December 2014   1,798 4,576 (328) 7,849 13,895

The Notes form an integral part of these consolidated financial statements. The independent auditor’s report is presented here

Signed on 25 March 2015 by:

A. Tynkovan
President
N. Surikov
Chief Financial Officer
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