Cian PLC

CIK:0001867752|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
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Revenue	₽ 8,266	₽ 6,033	₽ 3,972
Operating expenses:
Marketing expenses	(2,360)	(2,253)	(1,697)
Employee-related expenses	(3,759)	(5,062)	(2,208)
IT expenses	(549)	(527)	(264)
Depreciation and amortization	(269)	(279)	(200)
Other operating expenses	(584)	(726)	(180)
Total operating expenses	(7,521)	(8,847)	(4,549)
Operating profit/ (loss)	745	(2,814)	(577)
Finance costs	(23)	(61)	(72)
Finance income	108	19	11
Foreign currency exchange gain / (loss), net	(108)	53	(1)
Other income	45	6
Profit/ (loss) before income tax	767	(2,797)	(639)
Income tax (expense) / benefit	(287)	(60)	12
Profit/ (loss) for the year	480	(2,857)	(627)
Total comprehensive income/ (loss) for the year	₽ 480	₽ (2,857)	₽ (627)
Profit/ (loss) per share, in RUB
Basic profit/ (loss) per share attributable to ordinary equity holders of the parent	₽ 6.86	₽ (43.89)	₽ (10.55)
Diluted profit/ (loss) per share attributable to ordinary equity holders of the parent	₽ 6.72	₽ (43.89)	₽ (10.55)
Basic weighted average number of ordinary shares	69,920,715	65,092,557	59,433,100
Diluted weighted average number of ordinary shares	71,448,605	65,092,557	59,433,100

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
Profit/ (loss) before income tax	₽ 767	₽ (2,797)	₽ (639)
Adjusted for:
Depreciation and amortization	269	279	200
Employee share-based payment expense	657	2,549	558
Finance income	(108)	(19)	(11)
Finance costs	23	61	72
Foreign currency exchange (gain) / loss, net	108	(53)	1
(Reversal) / allowance for expected credit losses	(14)	16
Working capital changes:
Increase in trade and other receivables	(1)	(238)	(61)
(Increase) / decrease in advances paid and prepaid expenses	2	(9)	(32)
(Increase) / decrease in other assets	122	(232)	(13)
Increase / (decrease) in trade and other payables	(18)	235	(4)
Increase in contract liabilities and deferred income	87	230	148
Increase / (decrease) in other liabilities	127	(2,017)	98
Cash generated from/ (used in) operating activities	2,021	(1,995)	317
Income tax paid	(199)	(26)	(28)
Interest received	106	16	11
Interest paid	(6)	(59)	(70)
Net cash generated from/ (used in) operating activities	1,922	(2,064)	230
Cash flows from investing activities
Acquisition of a subsidiary, net of cash acquired		(1,651)
Purchase of property and equipment	(51)	(52)	(21)
Purchase of intangible assets	(69)	(89)	(90)
Loan issued to a related party		(25)
Loans issued to employees	(16)
Loans collected from employees			2
Net cash used in investing activities	(136)	(1,817)	(109)
Cash flows from financing activities
Proceeds from the issue of ordinary shares		6,520
Proceeds from borrowings			320
Repayment of borrowings		(728)	(71)
Payment of principal portion of lease liabilities	(42)	(38)	(67)
Net cash (used in) / generated from financing activities	(42)	5,754	182
Net increase in cash and cash equivalents	1,744	1,873	303
Cash and cash equivalents at the beginning of the year	2,419	449	148
Effect of exchange rate changes on cash and cash equivalents	(65)	111	(2)
Effect of a reversal/ (allowance) for expected credit losses	12	(14)
Cash and cash equivalents at the end of the year	₽ 4,110	₽ 2,419	₽ 449

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
Non-current assets
Property and equipment	₽ 68	₽ 49
Right-of-use assets	74	98
Goodwill	785	785
Intangible assets	1,077	1,197
Deferred tax assets	137	226
Other non-current assets	8	15
Total non-current assets	2,149	2,370
Current assets
Inventories	30	108
Advances paid and prepaid expenses	99	93
Trade and other receivables	414	408
Prepaid income tax	3	4
Cash and cash equivalents	4,110	2,419
Other current assets	169	198
Total current assets	4,825	3,230
Total assets	6,974	5,600
Equity
Share capital	2	2
Share premium	7,702	7,614
Equity-settled employee benefits reserves	648	110
Accumulated losses	(3,343)	(3,854)
Total equity	5,009	3,872
Non-current liabilities
Lease liabilities	28	48
Deferred tax liabilities	127	135
Deferred income	108	125
Total non-current liabilities	263	308
Current liabilities
Contract liabilities	554	425
Trade and other payables	642	619
Income tax payable	66	59
Other taxes payable	366	241
Lease liabilities	41	43
Deferred income	33	33
Total current liabilities	1,702	1,420
Total liabilities	1,965	1,728
Total liabilities and equity	₽ 6,974	₽ 5,600