Pensions and other post-employment benefit plans (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Changes in Present Value of the Defined Benefit Obligations and Other Long-term Benefits and Fair Value of Plan Assets

Changes in the present value of the pension obligations and other long-term benefits and fair value of plan assets for 2016 were as follows:


	Pension obligation			Fair value of plan assets			Benefit liability
December 31, 2015		(5,184	)		318			(4,866	)

Current service cost		(149	)		—			(149	)
Net interest expense		(381	)		13			(368	)
Curtailment / settlement gain		272			—			272
Remeasurement of pension obligations		53			—			53
Past service cost		(5	)		—			(5	)

Sub-total included in profit or loss		(210	)		13			(197	)

Benefit paid		357			(16	)		341

Exchange difference		363			(63	)		300
Actuarial changes arising from changes in demographic assumptions		80			—			80
Actuarial changes arising from changes in financial assumptions		(397	)		—			(397	)
Experience adjustments		294			—			294

Sub-total included in OCI		340			(63	)		277

December 31, 2016		(4,697	)		252			(4,445	)

Changes in the present value of the pension obligations and other long-term benefits and fair value of plan assets for 2017 were as follows:


	Pension obligation			Fair value of plan assets			Benefit liability
December 31, 2016		(4,697	)		252			(4,445	)

Current service cost		(142	)		—			(142	)
Net interest expense		(331	)		17			(314	)
Curtailment / settlement gain		1			—			1
Remeasurement of pension obligations		174			—			174
Past service cost		—			—			—

Sub-total included in profit or loss		(298	)		17			(281	)

Benefit paid		313			(17	)		296

Exchange difference		(95	)		19			(76	)
Actuarial changes arising from changes in demographic assumptions		51			—			51
Actuarial changes arising from changes in financial assumptions		(69	)		—			(69	)
Experience adjustments		163			—			163

Sub-total included in OCI		50			19			69

December 31, 2017		(4,632	)		271			(4,361	)

Changes in the present value of the pension obligations and other long-term benefits and fair value of plan assets for 2018 were as follows:


	Pension obligation			Fair value of plan assets			Benefit liability
December 31, 2017		(4,632	)		271			(4,361	)

Current service cost		(130	)		—			(130	)
Net interest expense		(266	)		(13	)		(279	)
Curtailment / settlement gain		4			—			4
Remeasurement of pension obligations		(492	)		—			(492	)
Past service cost		70			—			70

Sub-total included in profit or loss		(814	)		(13	)		(827	)

Benefit paid		299			(17	)		282

Exchange difference		(213	)		41			(172	)
Actuarial changes arising from changes in demographic assumptions		(38	)		—			(38	)
Actuarial changes arising from changes in financial assumptions		354			—			354
Experience adjustments		171			—			171

Sub-total included in OCI		274			41			315

December 31, 2018		(4,873	)		282			(4,591	)

Schedule of Pension Obligations Recognized in Consolidated Statement of Financial Position

Amounts of the pension obligations recognised in the consolidated statement of the financial position were as follows:


	December 31, 2018			December 31, 2017
Current liabilities		(772	)		(849	)
Non-current liabilities		(3,819	)		(3,512	)

Total net pension obligations		(4,591	)		(4,361	)

Schedule of Plan Asset Allocation of Investment Portfolio

The plan asset allocation of the investment portfolio was as follows as of December 31, 2018 and 2017:


	December 31, 2018		December 31, 2017
Debt instruments		161		147
Equity instruments		74		78
Cash and cash equivalents		19		25
Property		15		11
Other assets		13		10

Total plan assets		282		271

Schedule of Key Actuarial Assumptions Used to Determine Benefit Obligations

The key actuarial assumptions used to determine defined benefit obligations were as follows as of December 31, 2018 and 2017:


	December 31, 2018			December 31, 2017
Discount rate
Russian entities		8.60	%		7.60	%
German entities		1.90	%		1.80	%
Ukrainian entity		11.80	%		10.10	%
Austrian entities		1.70	%		1.50	%
Inflation rates
Russian entities		4.00	%		4.40	%
Ukrainian entity		6.60	%		8.60	%
Rate of compensation increase
Russian entities		5.00	%		5.40	%
German entities		4.00	%		4.00	%
Ukrainian entity		9.60	%		11.60	%
Austrian entities		2.25	%		2.25	%

Schedule of Sensitivity Analysis of Defined Benefit Obligations

The results of sensitivity analysis of defined benefit obligations for the Russian and Ukrainian entities as of December 31, 2018 and 2017 are presented below:


	2018			2017
Discount rate
1% increase		-6.75	%		-8.12	%
1% decrease		7.85	%		9.64	%
Inflation rate
1% increase		5.09	%		6.48	%
1% decrease		-4.37	%		-5.42	%
Rate of compensation increase
1% increase		2.48	%		2.72	%
1% decrease		-2.23	%		-2.28	%
Turnover rate
3% increase		-5.98	%		-5.29	%
3% decrease		7.87	%		7.25	%

The results of sensitivity analysis of defined benefit obligations for Austrian entities as of December 31, 2018 and 2017 are presented below:


	2018			2017
Discount rate
1% increase		-10.03	%		-9.70	%
1% decrease		11.98	%		11.70	%

The results of sensitivity analysis of defined benefit obligations for German entities as of December 31, 2018 and 2017 are presented below:


	2018			2017
Discount rate
1% increase		-12.00	%		-12.00	%
1% decrease		18.00	%		18.00	%