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Sberbank of Russia and Its Subsidiaries Interim Condensed Consolidated Financial Statements and Report on Review

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Sberbank of Russia and Its Subsidiaries Interim Condensed Consolidated Financial Statements and Report on Review Sberbank of Russia and its subsidiaries Interim Condensed Consolidated Financial Statements and Report on Review 30 September 2020 Interim Condensed Consolidated Financial Statements and Report on Review CONTENTS Report on Review of Interim Condensed Consolidated Financial Statements Interim Condensed Consolidated Financial Statements Interim Consolidated Statement of Financial Position………………………………………………………………………… ............ 1 Interim Consolidated Statement of Profit or Loss ................................................................................................ 2 Interim Consolidated Statement of Comprehensive Income ............................................................................... 3 Interim Consolidated Statement of Changes in Equity ........................................................................................ 4 Interim Consolidated Statement of Cash Flows ................................................................................................... 5 Selected Notes to the Interim Condensed Consolidated Financial Statements 1 Introduction ................................................................................................................................................................. 7 2 Operating Environment of the Group .......................................................................................................................... 8 3 Basis of Preparation and Significant Accounting Policies ............................................................................................ 9 4 Critical Accounting Estimates and Judgements in Applying Accounting Policies, Adoption of New or Revised Standards and Interpretations, Reclassifications ....................................................................................................... 10 5 Loans and Advances to Customers ............................................................................................................................ 12 6 Securities ................................................................................................................................................................... 37 7 Financial Instruments Pledged under Repurchase Agreements ................................................................................ 38 8 Disposal Groups and Non-Current Assets Held for Sale ............................................................................................ 39 9 Other Assets .............................................................................................................................................................. 40 10 Due to Individuals and Corporate Customers ............................................................................................................ 41 11 Other Liabilities .......................................................................................................................................................... 42 12 Subordinated Debt .................................................................................................................................................... 42 13 Interest Income and Expense .................................................................................................................................... 43 14 Fee and Commission Income and Expense ................................................................................................................ 44 15 Net gains / (losses) from derivatives, trading in foreign currencies, foreign exchange and precious metals accounts translation ................................................................................................................................................................. 46 16 Net Premiums, Claims, Benefits, Change in Contract Liabilities and Acquisition Costs on Insurance and Pension Fund Operations ........................................................................................................................................................ 46 17 Staff and Administrative Expenses ............................................................................................................................ 47 18 Earnings per Share and Dividends ............................................................................................................................. 48 19 Other Reserves .......................................................................................................................................................... 49 20 Segment Analysis ....................................................................................................................................................... 50 21 Financial Risk Management ....................................................................................................................................... 58 22 Contingencies and Commitments .............................................................................................................................. 63 23 Fair Value Disclosures ................................................................................................................................................ 63 24 Related Party Transactions ........................................................................................................................................ 75 25 Operations with State-Controlled Entities and Government Bodies ......................................................................... 80 26 Principal Subsidiaries ................................................................................................................................................. 82 27 Capital Adequacy Ratio .............................................................................................................................................. 83 28 Subsequent Events .................................................................................................................................................... 86 Report on Review of Interim Condensed Consolidated Financial Statements To the Shareholders and the Supervisory Board of Sberbank of Russia: Introduction We have reviewed the accompanying interim consolidated statement of financial position of Sberbank of Russia and its subsidiaries (together – the “Group”) as at 30 September 2020 and the related interim consolidated statements of profit or loss and comprehensive income for the three-month and nine-month periods then ended, interim consolidated statements of changes in equity and cash flows for the nine-month period then ended, and the related explanatory notes. Management is responsible for the preparation and presentation of these interim condensed consolidated financial statements in accordance with International Accounting Standard 34 “Interim Financial Reporting”. Our responsibility is to express a conclusion on these interim condensed consolidated financial statements based on our review. Scope of Review We conducted our review in accordance with International Standard on Review Engagements 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of interim condensed consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial statements are not prepared, in all material respects, in accordance with International Accounting Standard 34 “Interim Financial Reporting”. 28 October 2020 Moscow, Russian Federation E.N. Kriventsev, certified auditor (certificate number 01-000198) AO PricewaterhouseCoopers Audit Audited entity: Sberbank of Russia Independent auditor: AO PricewaterhouseCoopers Audit Record made in the Unified State Register of Legal Entities on 16 August Registered by the Government Agency Moscow Registration Chamber on 2002 under State Registration Number 1027700132195 28 February 1992 under number 008.890 Taxpayer Identification Number 7707083893 Record made in the Unified State Register of Legal Entities on 22 August 2002 under State Registration Number 1027700148431 117997, Russian Federation, Moscow, Vavilova 19 Taxpayer Identification Number 7705051102 Member of Self-regulatory organization of auditors Association «Sodruzhestvo» Principal Registration Number of the Record in the Register of Auditors and Audit Organizations – 12006020338 AO PricewaterhouseCoopers Audit White Square Office Center, 10 Butyrsky Val Moscow, Russian Federation, 125047 T: +7 (495) 967 6000, F:+7 (495) 967 6001, www.pwc.ru Interim Consolidated Statement of Financial Position 30 September 31 December 2020 2019 in billions of Russian Roubles Note (unaudited) ASSETS Cash and cash equivalents 2,395.5 2,083.2 Mandatory cash balances with central banks 260.7 235.5 Due from banks 1,447.6 1,083.2 Loans and advances to customers 5 22,946.8 20,363.5 Securities 6 4,624.0 4,182.4 Financial instruments pledged under repurchase agreements 7 1,063.8 187.3 Derivative financial assets
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