PJSC MIPC Consolidated Financial Statements for the Year Ended 31 December 2016 Prepared in Accordance with International Financial Reporting Standards Moscow | 2017 FBK, LLC 44/1 Myasnitskaya st., Moscow, Russia 101990 T +7 (495) 737 5353 | F +7 (495) 737 5347
[email protected] | www.fbk.ru Independent Auditor’s Report To the Shareholders of PJSC MIPC Opinion We have audited the accompanying annual consolidated financial statements of PJSC MIPC and its subsidiaries (the Group), which comprise the consolidated statement of financial position as at December 31, 2016, and the consolidated statement of profit or loss and other comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flow for the year ended December 31, 2016, and Notes to the annual consolidated financial statements comprising a summary of significant accounting policies and other explanatory information. In our opinion, the accompanying annual consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at December 31, 2016, and its consolidated financial performance and its consolidated cash flows for 2016 in accordance with International Financial Reporting Standards (IFRSs). Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the annual consolidated financial statements section of our report. We are independent of the Group in accordance with Independence Rules for Auditors and Audit Firms and Code of Professional Ethics of Auditors, that correspond to the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants, and we have fulfilled our other ethical responsibilities in accordance with these requirements.