REPORT ON REVIEW OF SUMMARY INTERIM FINANCIAL INFORMATION
SUMMARY INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
SUMMARY INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION SUMMARY INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY SUMMARY INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
NOTES TO THE SUMMARY INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
MECHEL PAO
SUMMARY INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
AND
OTHER COMPREHENSIVE INCOME for the six months ended June 30, 2023
(All amounts are in millions of Russian rubles, unless stated otherwise)
Six months
ended
Notes
June 30, 2023
(unaudited)
Revenue from contracts with customers
6
194,686
Cost of sales
(121,207)
Gross profit
6
73,479
Selling and distribution expenses
(29,417)
Impairment of goodwill and other non-current assets, net
9
(4,067)
Allowance for expected credit losses
(700)
Taxes other than income taxes
(2,130)
Administrative and other operating expenses
(9,311)
Other operating income
1,138
Total selling, distribution and operating income and
(expenses), net
(44,487)
Operating profit
28,992
Finance income
7
580
Finance costs
7
(12,642)
Foreign exchange (losses) gains, net
(24,315)
Share of profit (loss) of associates, net
35
Other income
13
Other expenses
(36)
Total other income and (expenses), net
(36,365)
(Loss) profit before tax
(7,373)
Income tax benefit (expense)
12
3,899
(Loss) profit
(3,474)
Attributable to:
Equity shareholders of Mechel PAO
(3,478)
Non-controlling interests
4
Other comprehensive income
Other comprehensive income (loss) that may be reclassified
936
to profit or loss in subsequent periods, net of tax:
Exchange differences on translation of foreign operations ....
936
Other comprehensive income not to be reclassified to
(14)
profit or loss in subsequent periods, net of tax:
Net gain on equity instruments designated at fair value
7
through other comprehensive income
Remeasurement of defined benefit plans
(21)
Other comprehensive income (loss), net of tax
922
Total comprehensive (loss) income, net of tax
(2,552)
Attributable to:
Equity shareholders of Mechel PAO
(2,557)
Non-controlling interests
5
Earnings per share
Weighted average number of common shares
404,776,126
(Loss) earnings per share (Russian rubles per share)
attributable to common equity shareholders - basic and
diluted
(8.59)
Six months
ended
June 30, 2022
(unaudited)
249,154
(138,823)
110,331
(29,557)
(519)
(501)
(1,783)
(9,217)
1,146
(40,431)
69,900
1,742
(16,697)
34,950
3
10
(241)
19,767
89,667
(17,003)
72,664
69,412
3,252
(3,648)
(3,648)
(447)
-
(447)
(4,095)
68,569
65,332
3,237
404,776,126
171.48
The accompanying notes to the summary interim condensed consolidated financial statements are an integral part of these statements.
5
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Mechel PAO published this content on 29 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2023 12:26:40 UTC.
Mechel PAO is one of the leading Russian metallurgy and mining groups. Net sales break down by activity as follows:
- manufacturing of steel products (65.3%): long steel (57% of sales), hardware products (15.4%), flat steel (14%), automotive forgings (4.9%), ferrosilicon (2.8%), semi-finished steel products (2.4%), pipes (1.9%) and other (1.6%);
- mining operations (27.5%): coking coal (64.1% of net sales), coke and chemical products (33.7%), iron ore concentrate (0.6%) and other (1.6%).
The remaining sales (7.2%) are from an electricity production activity (2.7 million GWh produced in 2021).
Net sales break down geographically as follows: Russia (54.5%), CIS (12%), Asia (16.9%), Europe (15.4%) and other (1.2%).
MECHEL PAO 
