Severstal Annual Report 2015 Home > Financial Statements > Consolidated statements of financial position
PAO Severstal and subsidiaries

Consolidated statements of financial position
December 31, 2015, 2014 and 2013

(Amounts expressed in thousands of US dollars, except as otherwise stated)

     
  

December 31,

 

Note

2015

2014*

2013*

Assets    
Current assets:    
Cash and cash equivalents

13

1,647,168

1,896,675

1,035,948

Short-term financial investments

14

10,901

21,129

60,016

Trade accounts receivable

15

431,555

648,990

1,356,916

Accounts receivable from related parties

12

10,321

14,735

18,620

Restricted financial assets

 

1,554

-

1,114

Inventories

16

649,577

815,112

2,002,717

VAT recoverable

 

57,738

63,642

119,151

Income tax recoverable 

35,999

29,416

19,048

Other current assets

17

92,161

122,199

276,863

Total current assets 

2,936,974

3,611,898

4,890,393

Non-current assets:    

Long-term financial investments

18

52,902

85,748

115,481

Investments in associates and joint ventures

19

26,391

81,436

256,671

Property, plant and equipment

20

2,610,641

3,336,298

8,254,192

Intangible assets

21

224,932

376,755

678,910

Restricted financial assets

 

-

-

39,478

Deferred tax assets

10

7,275

43,814

78,118

Other non-current assets

 

7,670

16,594

204,441

Total non-current assets

 

2,929,811

3,940,645

9,627,291

Total assets

 

5,866,785

7,552,543

14,517,684

Liabilities and shareholders’ equity

 

 

 

 

Current liabilities:

 

 

 

 

Trade accounts payable

 

421,143

500,228

1,145,873

Accounts payable to related parties

12

9,388

15,898

42,998

Short-term debt finance

22

507,177

774,493

627,519

Income taxes payable

 

5,730

8,814

10,660

Other taxes and social security payable

 

76,535

99,719

138,657

Dividends payable

 

2,328

2,355

28,065

Other current liabilities

23

274,689

332,881

555,401

Total current liabilities

 

1,296,990

1,734,388

2,549,173

Non-current liabilities:

 

 

 

 

Long-term debt finance

22

1,945,026

2,654,370

4,126,575

Deferred tax liabilities

10

141,006

120,368

313,193

Retirement benefit liabilities

24

53,447

48,258

189,913

Other non-current liabilities

25

162,548

167,780

355,073

Total non-current liabilities

 

2,302,027

2,990,776

4,984,754

Equity:

 

 

 

 

Share capital

26

2,752,728

2,752,728

2,752,728

Treasury shares

 

(235,657)

(235,657)

(235,657)

Additional capital

 

296,236

312,645

315,922

Translation reserve

 

(2,318,948)

(1,974,195)

(542,186)

Retained earnings

 

1,758,132

1,953,966

4,675,975

Other reserves

 

265

265

1,044

Total equity attributable to shareholders of PAO Severstal

 

2,252,756

2,809,752

6,967,826

Non-controlling interests

 

15,012

17,627

15,931

Total equity

 

2,267,768

2,827,379

6,983,757

Total equity and liabilities

 

5,866,785

7,552,543

14,517,684

*These amounts reflect adjustments made in connection with the change in the unrealized gain in inventory calculation methodology (Note 2).

 

The accompanying notes form an integral part of these consolidated financial statements.

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