Operating and Financial Results

During the year ended December 31, 2014, the Group paid dividends for the year ended December 31, 2013, to the owners of the parent of RUB 5 310 139 thousand (December 31, 2013: RUB 2 726 362 thousand). The amount of dividends per share for the year ended December 31, 2014, is RUB 2,39 per ordinary share (December 31, 2013: 1,23 per ordinary share).

The Group’s distributable reserves are limited to the amount of reserves reported in the statutory financial statements of the Group members. Non-distributable reserves comprise a reserve fund, which is created according to the statutory regulations, to cover risks, including future losses and other unforeseen risks and contingencies.

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