Ozon Holdings PLC

CIK:0001822829|SEC Filings

Consolidated Statements of Profit Or Loss And Other Comprehensive Income - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue:
Sales of goods	₽ 135,278	₽ 120,792	₽ 81,414
Service revenue	141,837	57,423	22,936
Total revenue	277,115	178,215	104,350
Operating expenses:
Cost of sales	(121,475)	(112,548)	(72,859)
Fulfillment and delivery	(122,518)	(76,240)	(30,676)
Sales and marketing	(24,508)	(23,535)	(10,015)
Technology and content	(22,851)	(12,862)	(4,394)
General and administrative	(19,747)	(11,886)	(3,729)
Losses related to the fire incident	(10,165)	0	0
Total operating expenses	(321,264)	(237,071)	(121,673)
Operating loss	(44,149)	(58,856)	(17,323)
Loss on convertible bonds	(8,567)	0	0
Expected credit losses on financial assets	(348)	0	0
Loss on disposal of non-current assets	(824)	(33)	(35)
Interest expense	(11,860)	(5,802)	(2,115)
Interest income	2,869	1,484	311
Net gain on revaluation of financial instruments at fair value through profit or loss	726	6,341	0
Share of profit of an associate	289	197	112
Impairment of non-financial assets	(255)	0	0
Foreign currency exchange gain / (loss), net	4,963	(108)	(1,984)
Other non-operating expenses	(6)	0	(1,000)
Total non-operating (expense) / income	(13,013)	2,079	(4,711)
Loss before income tax	(57,162)	(56,777)	(22,034)
Income tax expense	(1,025)	(2)	(230)
Loss for the year	(58,187)	(56,779)	(22,264)
Items that are or may be reclassified to profit or loss (net of tax):
Exchange differences on translation of foreign operations	(67)	(3)	0
Net other comprehensive loss that may be reclassified to profit or loss	(67)	(3)	0
Other comprehensive income, net of tax	(67)	(3)	0
Total comprehensive income for the year	₽ (58,254)	₽ (56,782)	₽ (22,264)
Basic and diluted loss per share attributable to ordinary equity holders of the parent, RUB	₽ (278.7)	₽ (276.1)	₽ (135.1)
Basic and diluted weighted average number of ordinary shares	208,752,123	205,619,832	164,605,952

Consolidated Statements of Cash Flows - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities
Loss before income tax	₽ (57,162)	₽ (56,777)	₽ (22,034)
Adjusted for:
Depreciation and amortization of non-current assets	19,770	9,880	4,963
Interest expense	11,860	5,802	2,115
Interest income	(2,869)	(1,484)	(311)
Foreign currency exchange (gain)/loss, net	(4,963)	108	1,984
Write-downs and losses of inventories	5,591	3,317	482
Loss on disposal of non-current assets	2,157	33	35
Forgiveness of lease payments	0	0	(21)
Share of profit of an associate	(289)	(197)	(112)
Changes in expected credit losses	652	(19)	131
Loss on convertible bonds	8,567	0	0
Share-based compensation expense	10,999	7,820	644
Derecognition and impairment of non-current assets	668	0	0
Net gain on revaluation of financial instruments at fair value through profit or loss	(726)	(6,341)	0
Changes in working capital:
Changes in inventories	(13,801)	(14,278)	(5,005)
Changes in accounts receivable	164	(3,125)	(482)
Changes in loans to customers	(5,185)	0	0
Changes in other assets	(9,619)	(7,042)	(481)
Changes in accounts payable and other liabilities	17,921	53,311	26,087
Changes in customer deposits and other financial liabilities	6,138	0	0
Cash (used in) / generated from operations	(10,127)	(8,992)	7,995
Interest paid	(8,345)	(4,485)	(1,356)
Income tax paid	(281)	(149)	(69)
Net cash (used in) / generated from operating activities	(18,753)	(13,626)	6,570
Cash flows from investing activities
Interest received	2,775	1,267	260
Purchase of property and equipment	(35,422)	(18,680)	(6,714)
Purchase of intangible assets	(391)	(661)	(126)
Proceeds from disposal of property and equipment	204	0	0
Advances on lease contracts not yet commenced	(1,085)	0	0
Dividends received from an associate	205	211	0
Placement of bank deposits	0	(17,200)	0
Return of bank deposits	18,297	0	0
Issuance of loans to employees	(623)	(340)	0
Net cash used in investing activities	(16,040)	(35,403)	(6,580)
Cash flows from financing activities
Equity instruments issue proceeds, net of transaction costs	0	0	90,480
Convertible loans issue proceeds	0	0	6,171
Proceeds from exercise of share option	0	313	0
Proceeds from borrowings, net of transaction costs	40,725	10,371	8,711
Proceeds from issue of a convertible bond, net of transaction costs	0	54,499	0
Amounts deposited for the convertible bond restructuring	(2,264)	0	0
Repayment of borrowings	(10,834)	(6,522)	(499)
Payment on principal portion of lease liabilities	(9,233)	(4,769)	(2,296)
Net cash generated from financing activities	18,394	53,892	102,567
Net (decrease)/increase in cash and cash equivalents	(16,399)	4,863	102,557
Cash and cash equivalents at the beginning of the year	108,037	103,702	2,994
Effects of exchange rate changes on the balance of cash held in foreign currencies	(1,169)	(528)	(1,849)
Cash and cash equivalents at the end of the year	₽ 90,469	₽ 108,037	₽ 103,702

Consolidated Statements of Financial Position - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
Non-current assets
Property, plant and equipment	₽ 55,754	₽ 29,970
Right-of-use assets	68,439	39,940
Intangible assets	661	1,171
Investments in an associate	1,269	1,238
Deferred tax assets	133	80
Other financial assets	2,610	2,312
Other non-financial assets	1,052	41
Total non-current assets	129,918	74,752
Current assets
Inventories	34,615	26,362
Accounts receivable	7,151	6,611
Other financial assets	3,488	32
Other non-financial assets	13,014	4,107
VAT receivable	1,025	3,440
Short-term bank deposits	0	17,954
Loans to customers	5,141	43
Cash and cash equivalents	90,469	108,037
Total current assets	154,903	166,586
Total assets	284,821	241,338
Equity
Share capital	12	12
Share premium	135,523	134,924
Treasury shares	(1)	(1)
Equity-settled employee benefits reserves	18,200	7,800
Other capital reserves	(70)	(3)
Accumulated losses	(170,311)	(112,124)
Total equity	(16,647)	30,608
Non-current liabilities
Borrowings	38,900	50,577
Lease liabilities	64,151	34,770
Derivative liabilities	3,000	594
Deferred tax liabilities	21	46
Deferred income	230	289
Trade and other payables	292	518
Total non-current liabilities	106,594	86,794
Current liabilities
Trade and other payables	94,749	89,273
Borrowings	55,215	11,539
Lease liabilities	10,344	7,697
Taxes payable	1,654	1,077
Accrued expenses	8,936	4,716
Contract liabilities and deferred income	17,838	9,634
Customer deposits and other financial liabilities	6,138	0
Total current liabilities	194,874	123,936
Total liabilities	301,468	210,730
Total equity and liabilities	₽ 284,821	₽ 241,338