HeadHunter Group PLC

CIK:0001721181|SEC Filings

Consolidated Statements of Income and Comprehensive Income - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Consolidated Statements of Income and Comprehensive Income
Revenue	₽ 18,085,164	₽ 15,968,033	₽ 8,282,107
Operating costs and expenses (exclusive of depreciation and amortization)	(9,977,452)	(7,949,215)	(4,691,300)
Depreciation and amortization	(1,185,745)	(1,066,284)	(750,558)
Finance income	215,963	243,108	59,329
Finance costs	(795,361)	(659,579)	(409,545)
Changes in put liability to non-controlling participants in subsidiary	(97,668)	(32,467)
Net foreign exchange (loss)/gain	(302,862)	1,424	83,030
Gain on remeasurement of previously held interest in equity accounted investees		223,308
Goodwill impairment	(657,032)
Impairment of equity-accounted investees	(218,126)
Share of loss of equity-accounted investees (net of income tax)	(55,563)	(17,925)	(49,181)
Other income	224,677	157,202	47,715
Profit before income tax	5,235,995	6,867,605	2,571,597
Income tax expense	(1,544,501)	(1,374,834)	(685,772)
Net income for the year	3,691,494	5,492,771	1,885,825
Attributable to:
Owners of the Company	3,651,810	5,390,677	1,748,960
Non-controlling interest	39,684	102,094	136,865
Items that are or may be reclassified subsequently to profit or loss:
Foreign currency translation differences	(3,101)	(1,822)	15,109
Total comprehensive income, net of tax	3,688,393	5,490,949	1,900,934
Attributable to:
Owners of the Company	3,638,892	5,388,139	1,762,011
Non-controlling interest	₽ 49,501	₽ 102,810	₽ 138,923
Earnings per share
Basic (in Russian Roubles per share)	₽ 72.65	₽ 106.75	₽ 34.84
Diluted (in Russian Roubles per share)	₽ 70.86	₽ 103.96	₽ 33.90

Consolidated Statements of Cash Flows - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
OPERATING ACTIVITIES:
Net income	₽ 3,691,494	₽ 5,492,771	₽ 1,885,825
Adjusted for non-cash items and items not affecting cash flow from operating activities:
Depreciation and amortization	1,185,745	1,066,284	750,558
Impairment of equity-accounted investees	218,126	0	0
Goodwill impairment	657,032	0	0
Net finance costs	579,398	416,471	350,216
Net foreign exchange loss/(gain)	302,862	(1,424)	(83,030)
Gain on remeasurement of previously held interest in equity accounted investees	0	(223,308)	0
Write-off of expired other tax risks and related indemnity	(138,669)	(91,452)	0
Changes in put liability to non-controlling participants in subsidiary	97,668	0	0
Other non-cash items	(12,072)	4,808	(5,509)
LTIPs, including social taxes	915,879	516,241	262,647
Share grant to the Board of Directors	14,615	21,270	21,714
Share of loss of equity-accounted investees, net of income tax	55,563	17,925	49,181
Income tax expense	1,544,501	1,374,834	685,772
Change in trade receivables, prepaid expenses and other current and non-current assets	119,756	(138,147)	(19,546)
Change in contract liabilities	1,028,758	1,687,796	343,903
Change in trade and other payables	28,558	642,227	161,742
Change in provisions	65,626	140,351	0
Change in other liabilities	(65,430)	26,729	17,300
Income tax paid	(1,864,311)	(1,788,020)	(840,021)
Interest paid	(756,488)	(505,976)	(366,179)
Net cash generated from operating activities	7,668,611	8,659,380	3,214,573
INVESTING ACTIVITIES:
Acquisition of subsidiary, net of cash acquired	0	(556,208)	(3,004,299)
Payment of deferred consideration for the acquisition of subsidiary	(68,183)	(233,836)	0
Acquisition of equity-accounted investee	(132,474)	(426,998)	0
Acquisition of intangible assets	(105,197)	(114,825)	(77,723)
Payment for the acquisition of financial asset at fair value through profit and loss	(113,209)	0	0
Acquisition of property and equipment	(344,154)	(151,012)	(178,782)
Loans issued	0	(73,997)	(19,235)
Repayment of loans issued, including related interest	0	77,000	0
Investments in short-term deposits	0	(300,000)	0
Proceeds from short-term deposits	300,000	0	0
Interest received	211,320	204,587	52,432
Net cash used in investing activities	(251,897)	(1,575,289)	(3,227,607)
FINANCING ACTIVITIES:
Acquisition of treasury shares	(329,642)	(1,096,357)	0
Bank and other loans received	0	7,765	4,616,478
Non-convertible bonds issued	0	0	4,000,000
Bank loans and other borrowings origination fees paid	0	(43,615)	(56,668)
Bank and other loans repaid	(485,789)	(400,672)	(5,397,895)
Payment for lease liabilities	(114,365)	(90,166)	(59,737)
Dividends paid to shareholders	(3,213,927)	(2,073,893)	(1,885,441)
Dividends paid to non-controlling interest	(92,408)	(106,978)	(102,731)
Acquisition of non-controlling interests	0	(155,177)	0
Contribution from non-controlling interest	0	0	44
Payments of put liability to non-controlling participants in subsidiary	(157,577)	0	0
Net cash used in financing activities	(4,393,708)	(3,959,093)	1,114,050
Net increase in cash and cash equivalents	3,023,006	3,124,998	1,101,016
Cash and cash equivalents, beginning of year	6,523,228	3,367,610	2,089,215
Effect of exchange rate changes on cash	(197,543)	30,620	177,379
Cash and cash equivalents, end of year	₽ 9,348,691	₽ 6,523,228	₽ 3,367,610

Consolidated Statements of Financial Position - RUB (₽) ₽ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Non-current assets
Goodwill	₽ 9,935,360	₽ 10,630,361
Intangible assets	2,573,414	3,325,135
Property and equipment	537,587	423,986
Equity-accounted investees	272,724	414,621
Right-of-use assets	148,841	179,000
Deferred tax assets	624,486	451,890
Other financial assets	113,209
Other non-current assets	3,013	27,091
Total non-current assets	14,208,634	15,452,084
Current assets
Trade and other receivables	134,470	154,602
Indemnification asset	47,884	117,844
Prepaid expenses and other current assets	161,201	234,514
Short-term investments		300,000
Cash and cash equivalents	9,348,691	6,523,228
Total current assets	9,692,246	7,330,188
Total assets	23,900,880	22,782,272
Equity
Share capital	8,655	8,655
Share premium	1,568,626	1,568,626
Share-based payments reserve	1,475,850	694,096
Treasury shares	(1,425,999)	(1,096,357)
Foreign currency translation reserve	(107,596)	(94,678)
Retained earnings	5,258,367	4,756,114
Total equity attributable to owners of the Company	6,777,903	5,836,456
Non-controlling interest	85,782	126,888
Total equity	6,863,685	5,963,344
Non-current liabilities
Loans and borrowings	3,010,642	7,338,876
Lease liabilities	45,262	96,181
Deferred tax liabilities	413,240	504,367
Contract liabilities	82,354	84,205
Trade and other payables	45,691	110,236
Provisions	25,988	117,345
Other non-current liabilities	70,243	135,741
Total non-current liabilities	3,693,420	8,386,951
Current liabilities
Contract liabilities	5,555,185	4,560,634
Trade and other payables	2,043,005	1,816,113
Loans and borrowings (current portion)	4,561,504	698,778
Lease liabilities (current portion)	115,883	100,864
Income tax payable	313,427	357,555
Provisions (current portion)	642,631	758,117
Other current liabilities	112,140	139,916
Total current liabilities	13,343,775	8,431,977
Total liabilities	17,037,195	16,818,928
Total equity and liabilities	₽ 23,900,880	₽ 22,782,272