As at December 31, 2014 investments in associates are presented as follows:
|
December 31, 2014
|
|
| |
Ownership interest
|
Principal place of business
|
Country of incorporation
|
Nature of activities
|
Carrying value
|
|
Open Joint-Stock Company “Ukrainian Exchange” (UEX)
|
43,08%
|
Ukraine
|
Ukraine
|
Stock exchange operations
|
46 132
|
|
Total investments in associates
|
46 132
|
As at December 31, 2013 investments in associates are presented as follows:
|
Ownership interest
|
Principal place of business
|
Country of incorporation
|
Nature of activities
|
Carrying value
|
|
CJSC National Mercantile Exchange (NAMEX)
|
36,51%
|
Russian Federation
|
Russian Federation
|
Commodity exchange operations
|
49 650
|
|
Open Joint-Stock Company “Ukrainian Exchange” (UEX)
|
43,08%
|
Ukraine
|
Ukraine
|
Stock exchange operations
|
43 499
|
|
Total investments in associates
|
93 149
|
In January 2014 the Group purchased 22,22% stake of NAMEX and acquired control (refer to Note 6). In July 2014 the Group acquired additional 3,17% stake of NAMEX.
As at December 31, 2014, and for the year ended, assets, liabilities, revenue and net profit of the associates are presented as follows:
|
December 31, 2014
|
Year ended December 31, 2014
|
| |
Assets
|
Liabilities
|
Revenue
|
Net profit
|
|
UEX
|
147 585
|
38 424
|
63 253
|
17 075
|
As at December 31, 2013, and for the year ended, assets, liabilities, revenue and net profit of the associates are presented as follows:
|
December 31, 201 3
|
Year ended December 31, 201 3
|
| |
Assets
|
Liabilities
|
Revenue
|
Net profit
|
|
NAMEX
|
160 922
|
28 670
|
124 259
|
41 900
|
|
UEX
|
143 881
|
42 909
|
43 286
|
(6 226)
|
