MOBILE TELESYSTEMS PUBLIC JOINT STOCK (MBT) 20-F/A14 Sep 232022 FY Annual report (foreign) (amended)Financial data

Company Profile

Document and Entity Information

Document and Entity Information	12 Months Ended
Document and Entity Information	Dec. 31, 2022 shares
IFRS Statement
Document Type	20-F/A
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	333-12032
Entity Registrant Name	MOBILE TELESYSTEMS PUBLIC JOINT STOCK Co
Entity Incorporation, State or Country Code	1Z
Entity Address, Address Line One	4 Marksistskaya Street
Entity Address, City or Town	Moscow
Entity Address, Postal Zip Code	109147
Entity Address, Country	RU
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Entity Central Index Key	0001115837
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Auditor Name	AO “BUSINESS SOLUTIONS AND TECHNOLOGIES”
Auditor Firm ID	1341
Auditor Location	Moscow, Russia
Business Contact [Member]
IFRS Statement
Entity Address, Address Line One	5 Vorontsovskaya Street, bldg. 2
Entity Address, City or Town	Moscow
Entity Address, Postal Zip Code	109147
Entity Address, Country	RU
Contact Personnel Name	Andrey M. Kamenskiy
City Area Code	495
Local Phone Number	223 20 25
Contact Personnel Email Address	ir@mts.ru
ADS
IFRS Statement
Entity Common Stock, Shares Outstanding	391,398,362
ADS representing two common shares
IFRS Statement
Title of 12(b) Security	COMMON AMERICAN DEPOSITARY SHARES, EACH REPRESENTING TWO COMMON SHARES
Trading Symbol	MBT
Common stock
IFRS Statement
Title of 12(b) Security	COMMON SHARES, PAR VALUE
No Trading Symbol Flag	true
Entity Common Stock, Shares Outstanding	1,129,245,695

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
NON-CURRENT ASSETS:
Property, plant and equipment	₽ 312,509	₽ 311,250
Investment property	4,925	2,498
Right-of-use assets	120,192	132,343
Goodwill	55,694	42,819
Other intangible assets	109,549	100,132
Investments in associates and joint ventures	9,752	8,735
Other investments	7,539	4,591
Deferred tax assets	11,610	11,683
Accounts receivable, related parties	1,767	5,000
Trade accounts receivable	882	1,898
Bank deposits and loans to customers	138,199	118,342
Other financial assets	5,383	7,437
Other assets	4,046	5,790
Total non-current assets	782,047	752,518
CURRENT ASSETS:
Inventories	14,199	18,981
Trade and other receivables	37,176	37,897
Accounts receivable, related parties	2,643	2,287
Bank deposits and loans to customers	96,135	87,594
Short-term investments	24,422	28,972
Advances paid and prepaid expenses	8,160	3,452
VAT receivable	10,867	11,746
Income tax assets	785	2,021
Assets held for sale	273	549
Cash and cash equivalents	78,292	40,590
Other financial assets	24,015	27,349
Other assets	3,916	1,862
Total current assets	300,883	263,300
TOTAL ASSETS	1,082,930	1,015,818
EQUITY:
Common stock	200	200
Treasury stock	(92,307)	(96,195)
Additional paid-in capital	895	619
Retained earnings	69,742	94,935
Accumulated other comprehensive income	12,103	10,207
Equity attributable to owners of the Company	(9,367)	9,766
Non-controlling interests	5,750	4,838
Total equity	(3,617)	14,604
NON-CURRENT LIABILITIES:
Borrowings	368,393	350,300
Lease obligations	123,894	135,800
Bank deposits and liabilities	12,397	14,313
Deferred tax liabilities	17,759	17,901
Provisions	7,288	7,288
Contract liabilities	1,124	977
Other financial liabilities	3,464	180
Other liabilities	883	1,035
Total non-current liabilities	535,202	527,794
CURRENT LIABILITIES:
Trade and other payables	67,166	72,078
Accounts payable, related parties	1,451	4,107
Contract liabilities	26,082	22,621
Borrowings	117,747	111,839
Lease obligations	19,608	18,709
Bank deposits and liabilities	260,744	207,055
Income tax liabilities	3,150	768
Provisions	23,757	17,479
Other financial liabilities	2,985	202
Other liabilities	28,655	18,562
Total current liabilities	551,345	473,420
TOTAL EQUITY AND LIABILITIES	₽ 1,082,930	₽ 1,015,818

CONSOLIDATED STATEMENTS OF PROF

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
Service revenue	₽ 496,669	₽ 457,668	₽ 425,433
Sales of goods	45,080	70,253	64,398
Revenue	541,749	527,921	489,831
Cost of services	151,780	132,613	121,317
Cost of goods	41,153	67,274	59,572
Selling, general and administrative expenses	109,401	96,035	87,802
Depreciation and amortization	114,393	110,962	100,143
Share of the profit of operating associates and joint ventures	(4,596)	(5,565)	(5,048)
Impairment of non-current assets	489	(10)	2,023
Expected credit losses	26,366	13,001	11,912
Other operating income	(6,674)	(4,394)	(493)
Operating profit	109,437	118,005	112,603
Finance income	(1,774)	(2,518)	(3,437)
Finance costs	58,378	41,342	42,078
Share of the profit of non-operating associates and joint ventures	(209)	(181)	(273)
Other non-operating expenses/(income)	3,041	525	(3,097)
Profit before tax	50,001	78,837	77,332
Income tax expense	13,648	15,360	16,055
Profit for the year from continuing operations	36,353	63,477	61,277
Loss/(Profit) from discontinued operations	2,918	(792)	(796)
Profit for the year	33,435	64,269	62,073
Profit for the year attributable to:
Owners of the Company	32,574	63,473	61,412
Non-controlling interests	₽ 861	₽ 796	₽ 661
Earnings per share from continuing operations (basic), Russian Rubles:	₽ 21.13	₽ 37.02	₽ 34.43
Earnings per share from continued operations (diluted), Russian Rubles:	20.81	36.83	34.41
Earnings per share from discontinued operations (basic), Russian Rubles:	(1.74)	0.47	0.45
Earnings per share from discontinued operations (diluted), Russian Rubles:	(1.71)	0.47	0.45
Earnings per share (basic), Russian Rubles:	19.39	37.49	34.88
Earnings per share (diluted), Russian Rubles:	₽ 19.10	₽ 37.30	₽ 34.86

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Profit for the year	₽ 33,435	₽ 64,269	₽ 62,073
Items that may be reclassified subsequently to profit or loss:
Reclassification to profit and loss due to Disposal of Nvision Czech Republic a.s., (Note 10)	794
Exchange differences on translating foreign operations	2,026	1,102	1,840
Net fair value (loss) on financial instruments	(134)
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translating foreign operations in associates	(790)	95	(196)
Other comprehensive income for the year, net of income tax	1,896	1,197	1,644
Total comprehensive income for the year	35,331	65,466	63,717
Total comprehensive income for the year attributable to:
Owners of the Company	34,470	64,670	63,056
Non-controlling interests	₽ 861	₽ 796	₽ 661

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - RUB (₽) ₽ in Millions	Common stock	Treasury stock	Additional paid-in capital	Investment revaluation reserve	Foreign currency translation reserve	Remeasurements of the net defined benefit liability	Retained earnings	Equity attributable to equity holders	Non-controlling interests	Total
Balance at beginning of the year at Dec. 31, 2019		₽ (59,748)
Balance at beginning of the year (in shares) at Dec. 31, 2019		(225,547,422)
Balance at beginning of the year at Dec. 31, 2019	₽ 200				₽ 6,697	₽ 670	₽ 85,249	₽ 33,068	₽ 3,326	₽ 36,394
Balance at beginning of the year (in shares) at Dec. 31, 2019	1,998,381,575
Profit for the year							61,412	61,412	661	62,073
Currency translation adjustment					1,644			1,644		1,644
Total comprehensive income for the year					1,644		61,412	63,056	661	63,717
Issuance of stock options			₽ 560					560		560
Exercise of stock options		₽ (768)	767
Exercise of stock options (in shares)		2,865,735
Dividends declared by MTS							(52,012)	(52,012)		(52,012)
Dividends to non-controlling interests									52	52
Purchase of own stock		₽ (16,010)						(16,010)		(16,010)
Purchase of own stock (Note 32) (in shares)		(48,797,719)
Reclass to retained earnings and other			296				(258)	38	(49)	(11)
Balance at end of the year at Dec. 31, 2020	₽ 200		89		8,341	670	94,391	28,700	3,990	32,690
Balance at end of the year (in shares) at Dec. 31, 2020	1,998,381,575
Balance at end of the year at Dec. 31, 2020		₽ (74,990)
Balance at end of the year (in shares) at Dec. 31, 2020		(271,479,406)
Profit for the year							63,473	63,473	796	64,269
Currency translation adjustment					1,197			1,197		1,197
Total comprehensive income for the year					1,197		63,473	64,670	796	65,466
Issuance of stock options			2,796					2,796		2,796
Exercise of stock options		₽ 279	(263)					16		16
Exercise of stock options (in shares)		1,030,559
Dividends declared by MTS							(61,967)	(61,967)		(61,967)
Dividends to non-controlling interests									52	52
Purchase of own stock		₽ (21,484)						(21,484)		(21,484)
Purchase of own stock (Note 32) (in shares)		(65,308,610)
Purchase of non-controlling interests			(143)					(143)		(143)
Acquisitions under common control			(2,794)					(2,794)		(2,794)
Reclass to retained earnings and other			934				(962)	(28)		(28)
Balance at end of the year at Dec. 31, 2021	₽ 200		619		9,537	670	94,935	9,766	4,838	14,604
Balance at end of the year (in shares) at Dec. 31, 2021	1,998,381,575
Balance at end of the year at Dec. 31, 2021		₽ (96,195)								(96,195)
Balance at end of the year (in shares) at Dec. 31, 2021		(335,757,457)
Profit for the year							32,574	32,574	861	33,435
Disposal of subsidiary, net of tax					794			794		794
Currency translation adjustment					1,236			1,236		1,236
Change in fair value of investments, net of tax				₽ (134)				(134)		(134)
Total comprehensive income for the year				(134)	2,030		32,574	34,470	861	35,331
Issuance of stock options			863					863		863
Exercise of stock options		₽ 3,888	(1,579)					2,309		2,309
Exercise of stock options (in shares)		20,329,732
Dividends declared by MTS							(56,573)	(56,573)		(56,573)
Dividends to non-controlling interests									51	51
Disposal of subsidiary			(202)					(202)		(202)
Reclass to retained earnings and other			1,194				(1,194)
Balance at end of the year at Dec. 31, 2022	₽ 200		₽ 895	₽ (134)	₽ 11,567	₽ 670	₽ 69,742	₽ (9,367)	₽ 5,750	(3,617)
Balance at end of the year (in shares) at Dec. 31, 2022	1,998,381,575
Balance at end of the year at Dec. 31, 2022		₽ (92,307)								₽ (92,307)
Balance at end of the year (in shares) at Dec. 31, 2022		(315,427,725)

CONSOLIDATED STATEMENTS OF CASH

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 for the year	₽ 33,435	₽ 64,269	₽ 62,073
Adjustments for:
Depreciation and amortization	114,491	111,088	100,205
Impairment of non-current assets	489	(10)	2,023
Expected credit loss	26,359	12,983	11,936
Loss/(gain) from sale of Czech/Ukraine operations	1,367	54	(2,101)
Finance income	(1,774)	(2,518)	(3,439)
Finance costs	58,393	41,352	42,085
Income tax expense	13,616	15,403	17,191
Share of profit of associates and joint ventures	(4,805)	(5,746)	(5,321)
Net foreign exchange loss/ (gain) and change in fair value of financial instruments	4,371	186	(4,330)
Inventory obsolescence expense	2,920	1,456	891
Change in provisions	6,468	3,620	1,492
Other non-cash items	(1,405)	(4,360)	(4,393)
Movements in operating assets and liabilities:
(Increase)/Decrease in trade and other receivables and contract assets	(1,528)	(2,608)	1,904
Increase in bank deposits and loans to customers	(57,027)	(101,897)	(33,570)
Decrease / (Increase) in inventory	810	(5,206)	(630)
Increase in advances paid and prepaid expenses	(4,009)	(2,526)	(6,507)
Decrease / (Increase) in VAT receivable	876	(2,821)	482
Increase / (Decrease) in trade and other payables, contract liabilities and other current liabilities	7,036	16,544	(1,104)
Increase in bank deposits and liabilities	50,464	53,765	27,172
Dividends received	4,614	4,794	3,676
Income tax paid	(11,255)	(17,494)	(15,193)
Interest received	1,914	3,150	2,727
Interest paid, net of interest capitalized	(55,227)	(40,632)	(41,762)
NET CASH PROVIDED BY OPERATING ACTIVITIES	190,592	142,846	155,507
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of subsidiaries, net of cash acquired	(13,948)	(10,186)	(262)
Purchases of property, plant and equipment (including capitalized interest in the amount of RUB 841 million, RUB 533 million and RUB 550 million, respectively)	(70,624)	(73,081)	(66,256)
Purchases of other intangible assets	(41,957)	(38,602)	(31,153)
Cost to obtain and fulfill contracts, paid	(4,358)	(4,218)	(5,442)
Proceeds from sale of property, plant and equipment and assets held for sale	5,938	5,082	6,678
Purchases of short-term and other investments	(2,567)	(13,765)	(10,054)
Proceeds from sale of short-term and other investments	10,602	13,085	16,012
Investments in associates and joint ventures	(1,587)	(1,087)	(1,460)
Cash (payments) and proceeds related to swap contracts	(242)	(657)	5,322
Proceeds from sale of subsidiaries, net of cash disposed	(149)	3,891	3,461
Proceeds from sale/liquidation of associates		3,014	2,450
Other investing activities	654	92
NET CASH USED IN INVESTING ACTIVITIES	(118,238)	(116,432)	(81,133)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of notes	(56,767)	(20,813)	(28,167)
Proceeds from issuance of notes	63,970	4,350	46,757
Notes and debt issuance cost paid	(263)	(96)	(107)
Lease obligation principal paid	(16,443)	(16,516)	(15,054)
Dividends paid	(40,959)	(61,955)	(74,923)
Acquisition of entities under common control, net of cash acquired		(3,474)
Proceeds from loans	80,152	64,311	194,645
Repayment of loans	(62,412)	(15,538)	(134,483)
Repurchase of common stock		(21,483)	(16,028)
Other financing activities	(1,900)
NET CASH USED IN FINANCING ACTIVITIES	(34,622)	(71,214)	(27,360)
Effect of exchange rate changes on cash and cash equivalents	(30)	(79)	385
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	37,702	(44,879)	47,399
CASH AND CASH EQUIVALENTS, beginning of the year	40,590	85,405	38,070
CASH AND CASH EQUIVALENTS, end of the year	78,292	40,590	85,469
Less cash and cash equivalents within held for sale			(64)
CASH AND CASH EQUIVALENTS, end of the year	₽ 78,292	₽ 40,590	85,405
Avantage
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Avantage			₽ (429)

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest paid, capitalized	₽ 841	₽ 533	₽ 550

GENERAL INFORMATION AND DESCRIP

GENERAL INFORMATION AND DESCRIPTION OF BUSINESS	12 Months Ended
GENERAL INFORMATION AND DESCRIPTION OF BUSINESS	Dec. 31, 2022
GENERAL INFORMATION AND DESCRIPTION OF BUSINESS
GENERAL INFORMATION AND DESCRIPTION OF BUSINESS	1. GENERAL INFORMATION AND DESCRIPTION OF BUSINESS Mobile TeleSystems Public Joint-Stock Company (“MTS PJSC”, or “the Company”) is a company incorporated under the laws of the Russian Federation and having its registered address at 4, Marksistskaya Street, 109147, Moscow, Russian Federation. The consolidated financial statements of the Company and its subsidiaries (“the Group” or “MTS”) as of December 31, 2022 and 2021, and for the years ended 31 December 2022, 2021 and 2020 were authorized for issue by the President of the Company on March 1, 2023. Business of the Group MTS completed its initial public offering in 2000 and listed its shares of common stock, represented by American Depositary Shares, or ADSs, on the New York Stock Exchange (NYSE) under the symbol “MBT”. Since 2003 common shares of MTS PJSC have been traded on the Public Joint-Stock Company “Moscow Exchange MICEX-RTS” (the “Moscow Exchange”). In April 2022, Russian Federal Law No. 114-FZ, requiring Russian companies to terminate their depositary receipt programs, came into force. Following the requirements of the law the Group terminated its depository receipt program. MTS’ ADSs were delisted from NYSE. The existing ADSs could be converted into MTS’ ordinary shares at the ratio of 1 The Group provides a wide range of telecommunications and digital services including voice and data transmission, internet access, pay TV, various value added services (“VAS”) through wireless and fixed lines, fintech services, B2B Cloud and digital solutions as well as the sale of equipment, accessories and software. The Group primarily operates in Russia.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS Basis of preparation The consolidated financial statements have been prepared on a historical cost basis, unless disclosed otherwise. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services. Amounts in the consolidated financial statements are stated in millions of Russian Rubles (“RUB million”), unless indicated otherwise. The consolidated financial statements have been prepared on the assumption that the Group is a going concern and will continue in operation for the foreseeable future (Note 28). Basis of consolidation Effective ownership interests in the Group’s significant subsidiaries were the following: Accounting December 31, December 31, method 2022 2021 RTC Consolidated 100.0 % 100.0 % MTS Bank Consolidated 99.9 % 99.9 % MGTS Group Consolidated 94.7 % 94.7 % Multiregional TransitTelecom (Note 4) Consolidated 100.0 % 100.0 % MTS Armenia Consolidated 100.0 % 100.0 % Nvision Czech Republic 1) Consolidated 100.0 % 100.0 % VisionLabs Group (Note 4) Consolidated 100.0 % — Gulfstream Group (Note 4) Consolidated 58.4 % — Bronevik (Note 4) Consolidated 100.0 % — Webinar (Note 4) Consolidated 84.3 % — BIC (Tower infrastructure Company) 2) Consolidated 100.0 % — MDTZK LLC (Ticketland) Consolidated 100.0 % 100.0 % Kulturnaya Sluzhba (Ponominalu) Consolidated 100.0 % 100.0 % Sputnikovoe TV 3) Consolidated — 100.0 % IT-Grad (Note 4) Consolidated 100.0 % 100.0 % MTS Avto (former Stopol) (Note 4) Consolidated 100.0 % 100.0 % "Zelenaya Tochka" Group – Achemar Holdings Ltd (Note 4) Consolidated 100.0 % 100.0 % Oblachny Retail LLC 3) Consolidated — 100.0 % MTS Media Consolidated 100.0 % 100.0 % Navigation Information Systems Group Consolidated 100.0 % 94.7 % MTS Didgital (former MTS IT) Consolidated 100.0 % 100.0 % Kinopolis (Note 4) Consolidated 100.0 % 100.0 % Sistema Capital (Note 4) Consolidated 100.0 % 100.0 % Stream Consolidated 100.0 % 100.0 % MTS Turkmenistan Consolidated 100.0 % 100.0 % MTS Artificial Intelligence Consolidated 100.0 % 100.0 % Energy Group (Note 4) Consolidated 100.0 % 100.0 % Dega Consolidated 100.0 % 100.0 % Stream Digital Consolidated 100.0 % 100.0 % Bastion Consolidated 100.0 % 100.0 % MTS International Funding Limited 4) Consolidated SE SE MTS Belarus (Note 15) Equity 49.0 % 49.0 % 1) Part of Nvision Czech Republic Group – NVision Czech Republic a.s.- was sold in October 2022, the results of the disposed subsidiary are presented as discontinued operations (Note 10) in the accompanying audited consolidated statements of profit or loss for the year ended December 31, 2022 2) Spinned of from PJSC MTS 3) Merged with PJSC MTS in 2022 4) A company organized and existing as a private limited company under the laws of Ireland. The Group does not have any equity in MTS International. It was established for the purpose of raising capital through the issuance of debt securities on the Irish Stock Exchange followed by transferring the proceeds through a loan facility to the Group. In 2010 and 2013, MTS International issued USD 750 million 8.625% notes due in 2020 (fully repaid in June 2020) and USD 500 million 5.0% notes due in 2023, respectively (Note 23). The notes are guaranteed by MTS PJSC in the event of default. MTS International does not perform any other activities except those required for notes servicing. The Group bears all costs incurred by MTS International in connection with the notes’ maintenance activities. Accordingly, the Group concluded that it exercises control over the entity. Acquisitions from entities under common control Joint operations Non-current assets held for sale and discontinued operations A disposal group qualifies as discontinued operation if it is a component of the entity that either has been disposed of or is classified as held for sale, and: ● Represents a separate major line of business or geographical area of operations; ● Is part of a single co-ordinated plan to dispose of a separate major line of business or geographical area of operations; ● Or is a subsidiary acquired exclusively with a view to resale. Discontinued operations are excluded from the results of continuing operations and are presented as a single amount as profit or loss after tax from discontinued operations in the statement of profit or loss. Group’s statement of cash flows include both cash flows from continuing and discontinued operations, amounts related to discontinued operations by operating, investing and financing activities are presented in Note 10. Vendor financing arrangemets – Functional currency translation methodology ● For entities incorporated in the Russian Federation and MTS International – the Russian Ruble (“RUB”); ● For MTS Armenia – the Armenian Dram; ● For MTS Turkmenistan – the Turkmenian Manat; ● For MTS Belarus – the Belarusian Ruble; ● For Nvision Czech Republic – the Czech Crown. Foreign-currency transactions are translated into the functional currency at the exchange rates at the dates of the transactions. At the reporting date, monetary items denominated in foreign currencies are translated at the closing rate, whereas non-monetary items are stated at the exchange rate at the date of their recognition. Exchange rate differences are recognized in profit or loss. For entities whose records are maintained in their functional currency, which is other than the reporting currency, all year-end assets and liabilities have been translated into U.S. Dollars (“USD”) at the period-end exchange rate set by local central banks. Subsequently, U.S. Dollars balances have been translated into Russian Rubles at the period-end exchange rate set by the Central Bank of Russia. Revenues and expenses have been translated at the average exchange rate for the period using the cross-currency exchange rate via the U.S. Dollar as described above. Translation differences resulting from the use of these rates are reported as a component of other comprehensive income. Standards, interpretations and amendments adopted in the financial year 2022 Amendments to IAS 37 Onerous contracts – Cost of fulfilling a contract Amendments to IAS 16 Property, Plant and Equipment: Proceeds before Intended Use Amendments to IFRS 3 Reference to Conceptual Framework Amendments to IFRS Annual Improvements to IFRSs (2018-2020 Cycle) None of these interpretations and amendments had material effect on the Group’s consolidated financial statements. Standards, interpretations and amendments in issue but not yet effective The Group has not applied the following new and revised IFRSs that have been issued but are not yet effective: IFRS 17 and amendments to IFRS17 Insurance Contracts 1) Amendments to IAS 8 Definition of Accounting Estimate 1) Amendments to IAS 1 and IFRS Practice Statement 2 Disclosure of Accounting Policy 1) Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture 2) Amendments to IAS 1 Classification of Liabilities as Current or Non-Current 3) Non current Liabilities with Covenants 3) Amendments to IFRS 16 Lease Liability in a Sale ans Leaseback 3) (1) Effective for annual periods beginning on or after January 1, 2023, with earlier application permitted. (2) The effective date for these amendments was deferred indefinitely. Early adoption continues to be permitted. (3) Effective for annual periods beginning on or after January 1, 2024, with earlier application permitted. These IFRS pronouncements are not expected to have a material impact on the Group’s consolidated financial statements.

SIGNIFICANT ACCOUNTING JUDGMENT

SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS	12 Months Ended
SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS	Dec. 31, 2022
SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS
SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS	3. SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS A critical accounting estimate is an estimate that is both important to the presentation of the Group’s financial position and requires management’s most difficult, subjective or complex judgments, often as a result of the need to determine estimates and develop assumptions about the outcome of matters that are inherently uncertain. Management evaluates such estimates on an on-going basis, based upon historical results, historical experience, trends, consultations with experts, forecasts of the future, and other methods which management considers reasonable under the circumstances. Management considers the accounting estimates discussed below to be its critical accounting estimates, and, accordingly, provides an explanation of each. 1. Depreciation and amortization of non-current assets Depreciation and amortization expenses are based on management estimates of useful life, residual value and amortization method of property and equipment and intangible assets. Estimates may change due to technological developments, competition, changes in market conditions and other factors and may result in changes in the estimated useful life and in the amortization or depreciation charges. Technological developments are difficult to predict and management views on the trends and pace of development may change over time. Some of the assets and technologies, in which the Group invested several years ago, are still in use and provide the basis for new technologies. Critical estimates in the evaluations of useful lives for intangible assets include, but are not limited to, the estimated average customer relationship based on churn, the remaining licence period and the expected developments in technology and markets. The useful lives of property and equipment and intangible assets are reviewed at least annually, taking into consideration the factors mentioned above and all other important relevant factors. The actual economic lives of intangible assets may be different from useful lives estimated by management, thereby resulting in a different carrying value of intangible assets with finite lives. The Group continues to evaluate the amortization period for intangible assets with finite lives to determine whether events or circumstances warrant revised amortization periods. A change in estimated useful lives is a change in accounting estimate, and depreciation and amortization charges are adjusted prospectively. See Notes 19 and 22 for further information. 2. Impairment of non-current assets The Group made significant investments including in property, plant and equipment, intangible assets, goodwill, right-of-use assets, acquiring and fulfilling of contracts. Pursuant to IAS 36, goodwill and other intangible assets with indefinite useful lives and intangible assets not yet brought into use must be tested for impairment annually or more often if indicators of impairment exist. Other assets are tested for impairment when circumstances indicate that there may be a potential impairment. Recoverable amounts of assets and cash generating units (“CGUs”) are based on evaluations, including the determination of the appropriate CGUs, the discount rate, estimates of future performance, the revenue generating capacity of the assets, timing and amount of future purchases of property and equipment, assumptions of the future market conditions and the long-term growth rate into perpetuity (terminal value). A change of assumptions, particularly in relation to the discount rate and growth rate used to estimate the recoverable amounts of assets, could significantly impact results of the Group’s impairment evaluation. See Note 21 for further information. 3. Fair value of financial instruments Where the fair value of financial assets and financial liabilities recorded in the statement of financial position cannot be derived from active markets, their fair value is determined using valuation techniques, including discounted cash flow models. The inputs to these models are taken from observable markets where possible, but when this is not feasible, a degree of judgment is required in establishing fair values. The judgments include considerations of inputs such as liquidity risk, credit risk and volatility. Changes in assumptions about these factors could affect the reported fair value of financial instruments. See Note 27 for further information. 4. Provisions and contingencies The Group is subject to various legal proceedings, disputes and claims, including regulatory discussions related to the Group’s business, licences, tax positions and investments, where the outcomes are subject to significant uncertainty. In addition, significant uncertainty exists in relation to employee bonuses and other rewards, which depend on their individual performance and Group’s results. The management evaluates, among other factors, the degree of probability of an unfavorable outcome and the ability to make a reasonable estimate of the amount of loss or related expense. Unanticipated events or changes in these factors may require the Group to increase or decrease the amount recorded or to be recorded for a matter that has not been previously recorded because it was not considered probable. See Notes 26 and Note 33 for further information. 5. Right-of-use assets and lease liabilities The value of right-of-use assets and lease liabilities is based on management estimates of lease terms as well as an incremental borrowing rate used to discount lease payments. The lease term corresponds to the non-cancellable period of each contract except in cases where the Group is reasonably certain of exercising renewal options. When assessing the lease term the management considers all facts and circumstances that create the economic incentive for the Group to exercise the option to extend the lease, such as the useful life of the asset located on the leased site, statistics on sites replacement, sequence of technology change, profitability of the Group’s retail stores as well as costs to terminate or enter into lease contracts. The incremental borrowing rate of the Group is determined based on the credit spreads of the Group’s debt instruments in relation to zero-coupon yield curve for government securities. Changes in these factors could affect the estimated lease term and the reported value of right-of-use assets and lease liabilities. See Note 24 for further information. 6. Impairment of financial assets The Group uses management’s judgement to estimate allowance for expected credit losses (ECL) for financial assets at amortized costs. ECL are measured in a way that reflects the unbiased and probability-weighted amount, the time-value of money and reasonable and supportable information at the reporting date pertaining to past events, current conditions and forecasts of future economic conditions. ECL are measured as probability-weighted present value of all cash shortfalls over the expected life of each financial asset. For receivables from financial services, ECL are mainly calculated using a statistical model based on three major risk parameters: probability of default, loss given default and exposure at default. The estimation of these risk parameters incorporates all available relevant information, not only historical and current loss data, but also reasonable and supportable forward-looking information reflected by the future expectation factors. This information includes macroeconomic factors (unemployment rate, inflation rate) and forecasts of future economic conditions. Significant changes in risk parameters could affect the estimated amount of ECL. See Notes 17 and 29 for further information.

BUSINESS ACQUISITIONS

BUSINESS ACQUISITIONS	12 Months Ended
BUSINESS ACQUISITIONS	Dec. 31, 2022
BUSINESS ACQUISITIONS
BUSINESS ACQUISITIONS	4 Unless stated otherwise, all business combinations disclosed were accounted for by applying the acquisition method. Goodwill recognized as a result of the acquisitions is not expected to be deductible for income tax purposes. Acquisitions and disposal in 2022 Acquisition of VisionLabs Acquisition of Gulfstream Acquisition of Bronevik Acquisition of Webinar The purchase price allocations for acquired companies as at the dates of acquisitions were as follows: VisionLabs Gulfstream Bronevik Webinar final preliminary preliminary preliminary Goodwill 4,320 (1) 1,889 (3) 3,898 (5) 2,609 (6) Customer base 2,333 (2) 2,114 (4) — — Other intangible assets 736 332 38 452 Property, plant and equipment 81 279 8 12 Other non-current assets 31 289 41 84 Current assets 319 2,609 1,266 57 Cash and cash equivalents 326 24 197 58 Current liabilities (816) (3,055) (1,416) (187) Put option to purchase NCI — (1,877) — (986) Non‑current liabilities (774) (605) (32) (4) Total consideration 6,556 1,999 4,000 2,095 Including: Fair value of contingent consideration 621 — — — Deferred payment 659 — — — Cash paid 5,276 1,999 4,000 2,095 (1) The goodwill is attributable to the expected synergies arising from the acquisition and allocated to the “Artificial Intelligence” operating segment (Note 5). (2) Amortized over the term of up to 7 years . (3) The provisional goodwill is attributable to the expected synergies arising from the acquisition and allocated to the “Gulfstream” operating segment (Note 5). (4) Amortized over the term of 5 to 8 years . (5) The provisional goodwill is attributable to the expected synergies arising from the acquisition and allocated to the “Travel” operating segment (Note 5). (6) The provisional goodwill is attributable to the expected synergies arising from the acquisition and allocated to the “Telecom” operating segment (Note5). Disposal of NVision Czech Republic a.s. Acquisitions in 2021 Acquisition of Zelenaya Tochka Acquisition of Credit Consulting Acquisition of MTT Acquisition of Energy Group – In June 2021, the Group acquired a The purchase price allocations for acquired companies as at the dates of acquisitions were as follows: Zelenaya Tochka GreenBush Credit Consulting Goodwill 1,353 (1) — 46 (2) Customer base 320 (3) — — Trademark 12 — — Other intangible assets 24 1 4 Property, plant and equipment 623 5,171 — Other non-current assets 43 17 — Current assets 1,417 84 18 Cash and cash equivalents 152 9 3 Current liabilities (725) (26) (11) Non‑current liabilities (118) (56) — Total consideration 3,101 5,200 60 Including: Fair value of contingent consideration — — 60 Fair value of previously held interest 1,582 — — Deferred payment 7 — — Cash paid or payable 1,512 5,200 — (1) The goodwill is attributable to the expected synergies arising from the acquisition and allocated to the “Telecom” operating segment (Note 5). (2) The goodwill is attributable to the expected synergies arising from the acquisition and allocated to the “Fintech” operating segment (Note 5). (3) Amortized over the term of 5 years . The purchase price allocation of MTT was not finalized as of the date the 2021 financial statements were authorised for issue as the Group had not completed the valuation of the individual assets of the company acquired. The Group’s consolidated financial statements as of December 31, 2021 reflected the allocation of the purchase price based on a preliminary fair value assessment of the assets acquired and liabilities assumed. In 2022 the Group finalized the valuation of assets of MTT and the acquisition date fair value of the assets changed since the preliminary calculations. The following table summarizes the purchase price allocation for MTT as of December 31, 2022: Preliminary Measurement amounts period adjustments Final amounts Goodwill 2,984 (1) (61) 2,923 (1) Customer base 827 (2) (539) 288 (2) Trademark 530 (436) 94 Other intangible assets 590 238 828 Property, plant and equipment 588 821 1,409 Other non-current assets 254 — 254 Current assets 3,056 — 3,056 Cash and cash equivalents 340 — 340 Current liabilities (2,656) — (2,656) Non‑current liabilities (715) (23) (738) Total consideration 5,798 — 5,798 Including: Fair value of offset financial assets 1,958 — 1,958 Deferred payment 160 — 160 Cash paid or payable 3,680 — 3,680 (1) The goodwill is attributable to the expected synergies arising from the acquisition and allocated to the “Telecom” operating segment. (2) Amortized over the term of up to 4 years . Acquisitions under common control, accounted for directly in equity Acquisition of LLC Sistema Capital (“Sistema Capital”) – The following table summarizes the details of acquisition of subsidiary under common control finalized in 2021: Consideration paid net of cash Assets acquired Liabilities Acquired company acquired* Cash acquired other than cash assumed Sistema Capital 3,474 26 1,185 90 * Disposal of STS-Ukraine In February 2021, the Group sold its 100% stake in LLC “Sitronics Telecom Solutions Ukraine” (“STS-Ukraine”) for RUB 52 million. As of the date of disposal, the carrying amounts of assets and liabilities pertaining to the disposal group and reconciliation of the loss on disposal were as follows: Current assents 282 Non-current assets 51 Total assets 333 Current liabilities (275) Non-current liabilities (36) Total liabilities (311) Accumulated other comprehensive income 83 Total consideration (52) Loss on disposal 53 Acquisition in 2020 Acquisition of Stopol The purchase price allocation for Stopol as at the date of acquisition was presented as follows: Stopol Goodwill (1) 282 Other non-current assets 2 Current assets 230 Cash and cash equivalents 69 Current liabilities (262) Total consideration 321 Including: Fair value of contingent consideration 9 Cash paid 312 (1) The goodwill is attributable to the expected synergies resulted from the acquisition and allocated to the “MTS Auto” operating segment within “Other” category in reportable segments. None of the final or provisional amounts of goodwill recognized is expected to be deductible for income tax purposes. According to the terms of the purchase agreements, deferred payments and contingent consideration payable by the Group could be reduced by the amount of any losses incurred by the Group in respect of any tax or other claims relating to the pre-acquisition period. In case the amount of the losses incurred exceeds the amount of deferred payment, the seller has indemnified the Group for the amounts in excess. The following table summarizes the movement in deferred payment and contingent consideration liabilities and related indemnification assets for the years ended December 31, 2022, 2021 and 2020: Zelenaya Credit Indemnification asset/ VisionLabs IT-Grad Stopol Tochka Consulting MTT (Liability on deferred payment/ contingent contingent contingent deferred contingent deferred contingent consideration) consideration consideration consideration payment consideration payment January 1, 2020 — (907) — — — — Initial recognition of deferred payment/contingent consideration — — (40) — — — Less: Provision for tax liabilities related to pre-acquisition period — — 26 — — — Reversal of tax provision — — (10) — — — December 31, 2020 — (907) (24) — — — Initial recognition of deferred payment/contingent consideration — — — (7) (60) (160) Less: Provision for tax liabilities related to pre-acquisition period — — 3 — — — Revaluation — 542 — — (1) — Payment — 365 — 7 — — December 31, 2021 — — (21) — (61) (160) Initial recognition of deferred payment/contingent consideration (621) — — — — — Reversal of tax provision — — (8) — Revaluation (54) — (11) — (4) — Payment — — 40 — — 160 December 31, 2022 (675) — — — (65) — Pro forma results of operations 2022 2021 2020 MTT, Zelenaya Tochka, VisionLabs, GreenBush, Webinar, Credit Bronevik, Consulting, Pro forma: Gulfstream Sistema Capital STOPOL Revenue 543,321 537,867 495,273 Profit for the year 33,584 64,399 62,079 The pro forma information is based on various assumptions and estimates. The pro forma information is neither necessarily indicative of the operating results that would have occurred if the Group acquisitions had been consummated as of January 1, 2020, 2021 or 2022, nor is it necessarily indicative of future operating results. The pro forma information does not give effect to any potential revenue enhancements or cost synergies or other operating efficiencies that could result from the acquisitions. The actual results of operations of these companies are included into the consolidated financial statements of the Group only from the respective dates of acquisition and are presented as follows: 2022 2021 2020 MTT, Zelenaya VisionLabs, Tochka, GreenBush, Webinar, Bronevik, Credit Consulting, Gulfstream Sistema Capital STOPOL Revenue 4,707 5,341 355 (Loss)/profit for the year (489) 25 25

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
SEGMENT INFORMATION	Dec. 31, 2022
SEGMENT INFORMATION
SEGMENT INFORMATION	5. SEGMENT INFORMATION Management (chief operating decision maker) analyzes and reviews results of the Group’s operating segments separately based on the nature of products and services, regulatory environments and geographic areas. Management of the Group evaluates the performance of each segment based on revenue and operating profit, excluding depreciation and amortization measured on the basis consistent with IFRS consolidated financial statements (the relevant financial indicator called OIBDA). Management does not analyze assets or liabilities by reportable segments. The Group identified the following reportable segments: Telecom Fintech In 2021 management of the Group has changed the composition of operating segments, by dividing operations of the Group’s subsidiary MGTS (previously constituted Moscow Fixed Line reportable segment) into two operating segments. Operations of the established “MGTS service” operating segment comprised primarily maintenance and development of fixed-line network infrastructure. The segment generates revenues mainly from granting own network infrastructure in rent. Operations of the established component “MGTS commercial” include client relationships and related fixed-line services, generating revenue from existing subscribers. The operating and financial results of “MGTS commercial” are reviewed jointly with “Russia convergent” segment, in line with focus on convergent products development, while the results of “MGTS service” are monitored separately. Consequently, “MGTS service” represents a separate operating segment. “MGTS commercial” and “Russia convergent” are presented as one operating segment – “Telecom”. Financial results of operating segment “MTS Bank” were supplemented with operations of investment management and credit broker services in connection with acquisition of LLC Sistema Capital and acquisition of Credit Consulting. New operating segment was called “Fintech”. At the end of 2020 the management’s change of approach for reviewing of Group’s operational results led to separation of two new segments – Cloud and WASD. Cloud represents operational results of Group MTS business aimed at cloud services. WASD is the MTS streaming platform. Cloud and WASD were moved from “Telecom” operating segment to the “Other” category. On October 30, 2020, the Group disposed of 100% share in JSC “Nvision Group”, which provided integration services, as well as the sales of software, and constituted “System Integrator” operating segment included in “Other” reportable segment. On October 24, 2022, MTS disposed of a plant that produces and supplies Tier 2 electronic components for the automotive industry as well as microelectronic components. NVision Czech Republic a.s. was part of “Czech Republic” operating segment included in “Other” reportable segment. In order to reflect changes in segments’ composition, segment disclosures for 2021 and 2020 were retrospectively restated. “Bronevik”, “Gulfstream” and “VisionLabs” – groups of companies acquired in 2022 ( see Note 4) constituted new operating segments “Travel”, “Gulfstream” and “Artificial intelligence”, respectively. Operating segment “Artificial intelligence” includes financial results of MTS Artificial Intelligence, the Group’s subsidiary. The “Other” category does not constitute a reportable segment. It includes the results of a number of other operating segments that do not meet the quantitative thresholds for separate reporting, such as Travel, Gulfstream, Artificial intelligence, Armenia, MGTS Service, Cloud and others. The intercompany eliminations presented below primarily consist of sales transactions between segments conducted under the normal course of operations. Financial information by reportable segments is presented below: Year ended December 31, 2022: Total of reportable HQ and Telecom Fintech segments Other elimination Consolidated Revenue External customers 432,766 64,676 497,442 44,220 87 541,749 Intersegment 5,596 3,763 9,359 21,559 (30,918) — Total revenue 438,362 68,439 506,801 65,779 (30,831) 541,749 OIBDA 199,010 6,355 205,365 28,062 (9,108) 224,319 Depreciation and amortization (114,393) Impairment of non-current assets (489) Operating profit 109,437 Year ended December 31, 2021: Total of reportable HQ and Telecom Fintech segments Other elimination Consolidated Revenue External customers 444,201 47,545 491,746 36,079 96 527,921 Intersegment 4,138 2,770 6,908 19,623 (26,531) — Total revenue 448,339 50,315 498,654 55,702 (26,435) 527,921 OIBDA 204,125 8,593 212,718 24,700 (8,461) 228,957 Depreciation and amortization (110,962) Impairment of non-current assets 10 Operating profit 118,005 Year ended December 31, 2020: Total of reportable HQ and Telecom Fintech segments Other elimination Consolidated Revenue External customers 425,059 34,308 459,367 30,372 92 489,831 Intersegment 4,260 2,463 6,723 13,079 (19,802) — Total revenue 429,319 36,771 466,090 43,451 (19,710) 489,831 OIBDA 200,908 3,356 204,264 18,116 (7,611) 214,769 Depreciation and amortization (100,143) Impairment of non-current assets (2,023) Operating profit 112,603 The consolidated operating profit is reconciled to the consolidated profit before tax on the face of the consolidated statement of profit or loss. Financial information by geographic area is presented below: Revenue 2022 2021 2020 Russia 533,794 520,671 481,536 Other 7,955 7,250 8,295 Total revenue 541,749 527,921 489,831 December 31, Non-current assets (1) 2022 2021 Russia 464,979 443,023 Other 12,773 11,178 Total non-current assets: 477,752 454,201 (1) Comprises property, plant and equipment, goodwill and other intangible assets. Revenues from external customers and non-current assets are allocated to individual countries based on location of operations. No single customer represents 10% or more of the consolidated revenue. Disaggregation of revenue: Total of reportable HQ and Year ended December 31, 2022: Telecom Fintech segments Other elimination Consolidated Revenue Connectivity services 387,598 269 387,866 36,417 87 424,370 Sales of goods 42,809 — 42,809 922 — 43,731 Fintech services — 63,543 63,543 — — 63,543 Other services 2,359 864 3,223 6,882 — 10,105 External Customers 432,766 64,676 497,441 44,221 87 541,749 Intersegment 5,596 3,763 9,359 21,559 (30,918) — Total revenue 438,362 68,439 506,800 65,780 (30,831) 541,749 Thereof: Recognised over time 389,957 42,990 454,632 43,299 87 498,018 Recognised at point of time 42,809 21,686 42,809 922 — 43,731 432,765 64,676 497,441 44,221 87 541,749 Total of reportable HQ and Year ended December 31, 2021: Telecom Fintech segments Other elimination Consolidated Revenue Connectivity services 375,719 198 375,917 29,612 96 405,625 Sales of goods 67,290 — 67,290 1,683 — 68,973 Fintech services — 46,632 46,632 — — 46,632 Other services 1,192 715 1,907 4,784 — 6,691 External Customers 444,201 47,545 491,746 36,079 96 527,921 Intersegment 4,138 2,770 6,908 19,623 (26,531) — Total revenue 448,339 50,315 498,654 55,702 (26,435) 527,921 Thereof: Recognised over time 376,911 28,225 424,456 34,396 96 458,948 Recognised at point of time 67,290 19,320 67,290 1,683 — 68,973 444,201 47,545 491,746 36,079 96 527,921 Total of reportable HQ and Year ended December 31, 2020: Telecom Fintech segments Other elimination Consolidated Revenue Connectivity services 363,131 166 363,297 24,705 92 388,094 Sales of goods 61,230 — 61,230 1,593 — 62,823 Fintech services — 33,773 33,773 23 — 33,796 Other services 698 369 1,067 4,051 — 5,118 External Customers 425,059 34,308 459,367 30,372 92 489,831 Intersegment 4,260 2,463 6,723 13,079 (19,802) — Total revenue 429,319 36,771 466,090 43,451 (19,710) 489,831 Thereof: Recognised over time 363,829 24,902 398,137 28,779 92 427,008 Recognised at point of time 61,230 9,406 61,230 1,593 — 62,823 425,059 34,308 459,367 30,372 92 489,831

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS	Dec. 31, 2022
REVENUE FROM CONTRACTS WITH CUSTOMERS
REVENUE FROM CONTRACTS WITH CUSTOMERS	6. REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue is recognized to the extent that the Group has delivered goods or rendered services under an agreement, the amount of revenue can be reliably measured and it is probable that the economic benefits associated with the transaction will flow to the Group. Revenue is measured at the fair value of the consideration receivable, exclusive of value added taxes and discounts. The Group obtains revenue from providing mobile and fixed telecommunication services (access charges, voice and video calls, messaging, interconnect fees, fixed and mobile broadband, tv and musical content and connection fees), financial services, integration services, cloud services, tickets distribution, as well as selling equipment, accessories and software. Products and services may be sold separately or in bundle packages. The most significant part of revenue relates to prepaid contracts. Revenue for access charges, voice and video calls, rendering of cloud services, messaging, interconnect fees and fixed and mobile broadband is recognized as services are rendered. This is based upon either usage (minutes of traffic processed, volume of data transmitted) or passage of time (monthly subscription fees). Revenue from the sale of prepaid credit is deferred until such time as the customer consumes the services or the credit expires. Revenue from the provision of TV and music content is recognized as the Group renders the service and is recorded either at the gross amount billed to the customers or in the amount of commission fee receivable by the Group. Revenue from commission services for tickets distribution is recognized immediately when the related entertainment event has occurred. Revenue from sales of goods (mainly mobile handsets, other mobile devices, software licences) is recognized when the significant risks and rewards of ownership have been transferred to the customer. For bundled packages, the Group accounts for individual products and services separately if they are distinct, which means that a product or service, as well as the customer benefit, is separately identifiable from other items in the bundled package and a customer can benefit from it. The arrangement consideration is allocated to each separate product and service, based on its relative fair value. The determined fair value of individual elements is generally based on prices at which the deliverable is regularly sold on a stand-alone basis after considering any appropriate volume discounts. The Group provides retrospective volume discounts under roaming agreements with international and local mobile operators. To estimate the variable consideration in relation to these discounts, the Group uses original data traffic adjusted on a monthly basis to reflect newly-available information. The resulting liability for the expected future discounts is recognized as a reduction of revenue within trade and other payables in the accompanying consolidated statement of financial position. For contracts that permit customers to return acquired mobile devices, the amount of recognized revenue is adjusted for expected product return or refunds, which are estimated based on the basis of historical data. The respective refund liability is recorded as provision in the accompanying consolidated statement of financial position. Revenue from the provision of financial services mainly relates to interest bearing assets of MTS Bank. Such revenue is recognized on an accrual basis using the effective interest method. Loan origination fees are deferred together with the related direct costs and are recognised as an adjustment to the effective interest rate of the loan. Comission revenue which is also a significant part of MTS Bank revenue is either recognized at the moment the related operation occurs, or during the period of customer contract duration. Revenue from construction services mainly relates to project type contracts and is determined by reference to the stage of completion of each respective projects. The stage of completion is calculated using the input method – based on the proportion of costs incurred for work performed to date to the estimated total contract costs. Revenue is recognized cumulatively as total revenue under the project multiplied by percentage of completion as at reporting date. When it is probable that total contract costs will exceed the total contract revenue, the expected loss is recognized as an expense immediately. Contract balances Contract balances include trade receivables related to the recognized revenue, contract assets and contract liabilities. Trade receivables represent an unconditional right to receive consideration (primarily in cash). Contract assets represent accrued revenues that have not yet been billed to customers due to certain contractual terms other than the passage of time. This is the case in a bundled offering which combines the sale of a mobile device and the provision of mobile services for a fixed-period, where the mobile device is invoiced at a reduced price leading to the reallocation of a portion of amounts invoiced for mobile communication services to the supply of the mobile phone. The excess of the amount allocated to the mobile phone over the price invoiced is recognized as a contract asset and is thus transferred to trade receivables as the service is invoiced. The other part of contract assets relates to the Group’s rights to consideration for work completed but not yet billed for construction services projects. Contract liabilities represent amounts paid by customers to the Group before receiving the goods and/or services promised in the contract. This is the case for advances received from customers or amounts invoiced or amounts invoiced and paid for goods or services that are yet to be transferred. The following table provides information about receivables, contract assets and contract liabilities from contracts with customers: December 31, 2022 2021 Receivables 30,012 32,361 Contract assets 96 189 Total assets 30,108 32,550 Less current portion (29,213) (20,638) Total non-current assets 895 11,912 Contract liabilities: Mobile and fixed telecommunication services (25,499) (22,064) Other services (1,252) (1,056) Loyalty programme (455) (451) Total liabilities (27,206) (23,571) Less current portion 26,082 22,594 Total non-current liabilities (1,124) (977) Changes in the contract liabilities balances during the period are as follows: 2022 2021 Balance as of January 1 (23,571) (21,842) Revenue recognised that was included in the contract liability balance at the beginning of the period 22,687 18,712 Increase due to cash received, excluding amount recognised as revenue during the period (25,657) (20,441) Aquisition of Gulfstream, Bronevik and Webinar (665) — Balance as of December 31 (27,206) (23,571) The Group expects to recognize revenue related to performance obligations that were unsatisfied (or partially unsatisfied) as of December 31, 2022 as follows: 2023 2024-2028 2029-2033 Total Connectivity services 24,375 1,097 27 25,499 Other services 1,252 — — 1,252 Loyalty programme 455 — — 455 The total transaction price assigned to unsatisfied performance obligations is presented below: 2023 2024-2028 2029-2033 After 2033 Total Connectivity services 812 2,130 210 112 3,264 Cost to obtain and fulfill a contract The Group capitalizes certain incremental costs incurred in acquiring or fullfilling a contract with a customer if the management expects these costs to be recoverable. The Group uses a practical expedient from IFRS 15 which allows to expense contract costs as incurred when the expected contract duration is one year or less. Costs of acquiring a contract include commissions paid to a third-party distributors as well as the associated remuneration of the Group’s commercial employees for obtaining a contract with a customer with the expected duration of more than twelve months. These costs are amortized on a straight-line basis over the average life of a long-lived subscriber. Costs to fulfill a contract mainly relate to costs of equipment transferred to the subscribers required for the provision of services. These costs are amortized on a straight-line basis generally for the period of average subscriber life. As of December 31, 2022 and 2021 the balances of cost to obtain and fulfill contracts capitalized by the Group amounted to: December 31, 2022 2021 Cost to obtain contracts Gross book value 15,589 14,633 Accumulated amortization (7,080) (6,736) Cost to fulfill contracts Gross book value 4,967 5,240 Accumulated amortization (2,686) (2,279) Amortization expense related to cost to obtain and fulfill contracts recognized for the years ended December 31, 2022, 2021 and 2020 amounted RUB 4,457 million, RUB 4,076 million and RUB 3,819 million, respectivly. There was no impairment loss relating to the costs capitalized.

SELLING, GENERAL AND ADMINISTRA

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	12 Months Ended
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	Dec. 31, 2022
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	7. SELLING, GENERAL AND ADMINISTRATIVE EXPENSES Selling, general and administrative expenses for the years ended December 31, 2022, 2021 and 2020 comprised the following: 2022 2021 2020 Salaries and social contributions 63,181 54,149 48,737 Advertising and marketing expenses 14,145 12,539 10,652 General and administrative expenses 8,961 8,050 7,498 Dealers commission 4,434 3,434 3,385 Universal service fund 3,887 3,813 3,670 Consulting expenses 3,464 3,614 3,409 Cash collection commission 3,130 3,533 3,645 Taxes other than income tax 2,492 1,062 1,844 Other personnel expenses 2,431 1,845 1,539 Utilities and maintenance 1,885 2,550 2,255 Other 1,391 1,446 1,168 Total 109,401 96,035 87,802

FINANCE INCOME AND COSTS

FINANCE INCOME AND COSTS	12 Months Ended
FINANCE INCOME AND COSTS	Dec. 31, 2022
FINANCE INCOME AND COSTS
FINANCE INCOME AND COSTS	8. FINANCE INCOME AND COSTS Finance income and costs for the years ended December 31, 2022, 2021 and 2020 comprised the following: 2022 2021 2020 Interest expense: – Loans and notes 45,838 29,430 28,174 – Amortization of debt issuance costs 125 109 97 – Lease obligations 12,791 11,816 12,272 – Provisions: unwinding of discount 152 165 138 Total interest expense 58,906 41,520 40,681 (Gain) loss on financial instruments — — 373 Other finance costs (72) 140 84 Total finance costs 58,834 41,660 41,138 Less: amounts capitalized on qualifying assets (1) (850) (534) (426) Debt modification/derecognition and other loss/(gain) 394 216 1,366 Finance costs 58,378 41,342 42,078 Finance income on loans and receivables: – Interest income on bank deposits 1,341 1,468 2,282 – Interest income on loans issued 349 52 17 – Other finance income 84 998 1,138 Finance income 1,774 2,518 3,437 Net finance costs 56,604 38,824 38,641 (1) The annual weighted average capitalization rates of 9.2 %, 6.8 % and 6.9 % were used to determine the amount of capitalized interest for the years ended December 31, 2022, 2021 and 2020, respectively.

OTHER NON-OPERATING (INCOME)_EX

OTHER NON-OPERATING (INCOME)/EXPENSES	12 Months Ended
OTHER NON-OPERATING (INCOME)/EXPENSES	Dec. 31, 2022
OTHER NON-OPERATING (INCOME)/EXPENSES
OTHER NON-OPERATING (INCOME)/EXPENSES	9. OTHER NON-OPERATING (INCOME)/EXPENSES Other non-operating (income)/expenses for the years ended December 31, 2022, 2021 and 2020 comprised the following: 2022 2021 2020 Net forex exchange (gain) / loss (3,404) 560 10,347 Loss/(gain) arising on derivatives 3,616 345 (13,443) Net gain/(loss) arising on financial assets measured at FVTPL 2,287 (139) (1,893) Net gain/(loss) arising on financial liabilities measured at FVTPL 204 — (53) Impairment of investments and loans given — — 1,392 Other 338 (241) 553 Total 3,041 525 (3,097)

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
DISCONTINUED OPERATIONS	Dec. 31, 2022
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS	10. DISCONTINUED OPERATIONS Vodafone Ukraine According to the terms of the sale agreement, an additional consideration based on the performance of the discontinued operations in Ukraine was receivable. The Group received the first part of the additional contingent consideration in the amount of RUB 1,234 million in March 2021. The Group recognized contingent consideration receivable of RUB 1,867 million as of December 31, 2021. In 2022 following uncertainty over the receipt of the consideration and economic volatility and sanctions in Russia as disclosed in Note 33, the Group created expected credit allowance for the total amount of receivable and its value decreased to nil. The results of the discontinued operation in Ukraine, which have been included in the profit for the year, were as follows: For the year ended December 31, 2022 2021 2020 Profit on disposal — — 2,101 Currency revaluation gain/(loss) on deferred consideration — — 154 Earn-out revaluation - fair value measurement (1,867) 377 645 Earn-out revaluation - Currency revaluation gain/(loss) — 93 (27) Net (loss)/income attributable to discontinued operations (1,867) 470 2,873 Cash flows from discontinued operation were presented as follows: For the year ended December 31, 2021 2020 Net cash provided by investing activities 1,234 2,998 Nvision Group - In October 2020, the Group disposed to Sistema 100% share in JSC “Nvision Group”, which provided integration services, as well as the sales of software, and was included in “Other” reportable segment. The disposal was completed on October 30, 2020, the results of operations of “System Integrator” operating segment were reported as discontinued operations in the accompanying consolidated statements of profit or loss. The consolidated statements of financial position and consolidated statements of cash flows for all periods presented were not retrospectively restated on discontinued operations. Cash consideration in amount of RUB 369 million was settled in late 2020. As of October 30, 2020, the carrying amounts of discontinued operation net assets and reconciliation of the loss on disposal were as follows: Property, plant and equipment 95 Intangible assets 245 Other non-current assets 220 Other current assets 2,912 Cash and cash equivalents 285 Non-current liabilities (98) Current liabilities (3,281) Accumulated other comprehensive loss 3 Total consideration (369) Satisfied by: Cash and cash equivalents (369) Loss on disposal 11 Net cash inflow arising on disposal: 84 Cash consideration received 369 Less: cash and cash equivalents disposed of (285) NVision Czech Republic a.s. - In October 2022, the Group disposed of As of October 24, 2022, the carrying amounts of discontinued operation net assets and reconciliation of the loss on disposal were as follows: Property, plant and equipment 225 Intangible assets 32 Other non-current assets 371 Other current assets 2,170 Cash and cash equivalents 80 Non-current liabilities (103) Current liabilities (1,547) Accumulated other comprehensive loss 794 Other (202) Less: Fair value of consideration (453) Loss on disposal 1,367 Net cash outflow arising on disposal: (30) Cash consideration received 50 Less: cash and cash equivalents disposed of (80) The results of the discontinued operations of Nvision Group and NVision Czech Republic a.s. were included in the (loss)/profit from discontinued operations in the consolidated statements of profit or loss as follows: For the year ended December 31, 2022 2021 2020 Nvision Nvision Nvision Czech Czech Czech Nvision Republic a.s. Republic a.s. Republic a.s. Group Total Revenue 6,004 6,482 5,096 10,051 15,147 Expenses (5,802) (6,117) (4,845) (11,293) (16,138) Profit/(Loss) before tax 202 365 251 (1,242) (991) Attributable tax income/(expense) 32 (43) (72) (1,003) (1,075) Profit/(Loss) for the period 234 322 179 (2,245) (2,066) Loss on disposal (1,367) — — (11) (11) Consideration revaluation - fair value measurement 4 — — — — Consideration revaluation - Currency revaluation gain/(loss) 78 — — — — Net (loss)/income attributable to discontinued operations (1,051) 322 179 (2,256) (2,077) Cash flows from (used in) discontinued operation are presented as follows: For the year ended December 31, 2022 2021 2020 Nvision Nvision Nvision Czech Czech Czech Nvision Republic Republic Republic Group Total a.s. a.s. a.s. Net cash provided by/(used in) operating activities 61 (204) 73 (1,466) (1,393) Net cash provided by/(used in) investing activities (69) 356 (81) 664 583 Net cash provided by/(used in) financing activities 31 (154) (75) 748 673

INCOME TAX

INCOME TAX	12 Months Ended
INCOME TAX	Dec. 31, 2022
INCOME TAX
INCOME TAX	11. INCOME TAX Income taxes of the Group’s Russia-incorporated entities have been calculated in accordance with Russian legislation and are based on the taxable profit for the period. The corporate income tax rate in Russia is 20%. The withholding tax rate on dividends paid within Russia is 13%. The foreign subsidiaries of the Group pay withholding taxes in their respective jurisdictions. Deferred tax assets and liabilities are recognized for temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and the corresponding tax bases of assets and liabilities that will result in future taxable or deductible amounts. The deferred tax assets and liabilities are measured using the enacted or substantially enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Significant components of income tax expense were as follows: 2022 2021 2020 Current income tax charge 14,480 20,089 15,151 Prior period tax adjustments 159 (173) (490) Total current income tax 14,639 19,916 14,661 Deferred tax (991) (4,556) 1,394 Income tax expense on continuing operations 13,648 15,360 16,055 Income tax expense on continuing operations excludes the amounts from the discontinued operations of RUB 32 million, RUB (43) million and RUB (1,075) million for the years ended December 31, 2022, 2021 and 2020, respectively, which have been included in profit / (loss) from discontinued operations in the accompanying consolidated statements of profit or loss (Note 10). The statutory income tax rates in jurisdictions in which the Group operates for 2022, 2021 and 2020 were as follows: Russia – 20%, Armenia – 18%. Since 2022, special tax regime was applicable to some of the Group’s software development subsidiaries in Russia, reducing income tax rate to nil. The Russian statutory income tax rate of 20% reconciled to the Group’s effective income tax rate for the years ended December 31, 2022, 2021 and 2020 is as follows: 2022 2021 2020 Statutory income tax rate for the year 20.0 % 20.0 % 20.0 % Adjustments: Expenses not deductible for tax purposes 2.5 0.1 1.3 Prior periods tax effects 0.3 (0.2) (0.7) Different tax rate of subsidiaries (0.6) (0.8) (0.8) Withholding tax on distributed and undistributed profits 4.1 1.6 1.5 Change in fair value of derivative financial instruments 0.5 — — Changes in recognized deferred tax assets — (0.9) (0.1) Other 0.5 (0.3) (0.4) Effective income tax rate 27.3 % 19.5 % 20.8 % The Group reported the following deferred income tax assets and liabilities in the consolidated statement of financial position: 2022 2021 Deferred tax assets 11,610 11,683 Deferred tax liabilities (17,759) (17,901) Net deferred tax liabilities (6,149) (6,218) Movements in the deferred tax assets and liabilities for the year ended December 31, 2022 were as follows: Recognised in other Effect of December 31, Recognised in compre-hensive acquisitions December 31, 2021 profit / loss income and disposal 2022 Assets / (liabilities) arising from tax effect of: Property, plant and equipment (19,680) (871) 62 — (20,489) Other intangible assets (5,458) 3,296 — (260) (2,422) Potential distributions from/to Group’s subsidiaries/ associates and joint ventures (2,426) (1,240) 98 — (3,568) Licenses (1,675) 79 — — (1,596) Customer base (592) 550 — (768) (810) Capitalization of cost to obtain and fulfill contracts (1,830) (86) — — (1,916) Accrued expenses for services 7,814 872 (8) (59) 8,619 Write-down of inventories 238 266 3 — 507 Allowance for ECL 3,254 731 5 — 3,990 Lease obligations 31,093 (2,130) (5) — 28,958 Right-of-use assets (26,076) 2,317 7 (1) (23,753) Loss carryforward 5,857 (2,379) 2 38 3,518 Contract liabilities 1,606 276 — — 1,882 Debt modification (73) 79 — — 6 Other 1,730 (769) 16 (52) 925 Net deferred tax liability (6,218) 991 180 (1,102) (6,149) Movements in the deferred tax assets and liabilities for the year ended December 31, 2021 were as follows: Recognised in other December 31, Recognised in compre-hensive Effect of December 31, 2020 profit / loss income acquisitions 2021 Assets / (liabilities) arising from tax effect of: Property, plant and equipment (18,250) (1,352) 32 (110) (19,680) Other intangible assets (6,314) 998 — (142) (5,458) Potential distributions from/ to Group’s subsidiaries/ associates and joint ventures (2,506) 166 (86) — (2,426) Licenses (1,699) 24 — — (1,675) Customer base (470) 107 — (229) (592) Capitalization of cost to obtain and fulfill contracts (1,668) (162) — — (1,830) Accrued expenses for services 7,158 588 (1) 69 7,814 Write-down of inventories 413 (178) — 3 238 Allowance for ECL 2,713 533 3 5 3,254 Lease obligations 29,910 1,181 (1) 3 31,093 Right-of-use assets (25,686) (392) 2 — (26,076) Loss carryforward 3,961 1,801 — 95 5,857 Contract liabilities 1,430 176 — — 1,606 Debt modification (123) 50 — — (73) Other 718 981 31 — 1,730 Net deferred tax liability (10,413) 4,521 * (20) (306) (6,218) * In the total amount of RUB 4,521 million, RUB (35) million were reported as discontinued operations in the accompanying consolidated statement of profit or loss for the year ended December 31, 2021. The Group recognizes deferred income tax on future dividend distributions from subsidiaries associates and joint ventures which are based on the cumulative undistributed earnings of those subsidiaries in accordance with local statutory accounting regulations. The Group recognizes deferred tax assets in respect of tax losses carried forward to the extent that realization of tax losses against future taxable profit is probable. Deferred tax assets related to tax losses of the Group’s subsidiaries are recognized according to the fact that certain tax planning opportunities are available to these subsidiaries that will create taxable profit in the period in which the unused tax losses can be utilized. The amount of the deferred tax asset considered realizable, however, could be remeasured if estimates of future taxable income are changed. Since 2016 the time limit of prior periods’ tax losses carryforward was amended to become perpetual. The federal law 401-FZ also specified that for the fiscal years 2017-2024 the utliisation of prior periods’ tax losses should not exceed 50% of the taxable profit. Unused tax losses, for which deferred tax assets were not recognized in the consolidated statements of financial position as of December 31, 2022 and 2021 amounted to RUB 35,100 million and RUB 40,898 million, respectively. The Group accrued RUB 109 million and RUB 160 million as of December 31, 2022 and 2021, respectively, as a component of income tax payable in relation to uncertain income tax positions. A provision is recognised for those matters for which the tax determination is uncertain but it is considered probable that there will be a future outflow of funds to a tax authority. The provisions are measured at the best estimate of the amount expected to become payable. The IAS 12 amendments related to assets and liabilities arising from a single transaction were early adopted for the years ended December 31, 2022, 2021 and 2020.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
EARNINGS PER SHARE	Dec. 31, 2022
EARNINGS PER SHARE
EARNINGS PER SHARE	12 The following table sets forth the computation of earnings per share for the years ended December 31: 2022 2021 2020 Numerator: Profit for the year from continuing operations attributable to the owners of the company 35,492 62,681 60,616 Profit / (loss) for the year from discontinued operations attributable to the owners of the company (2,918) 792 796 Denominator, in thousands: Weighted-average ordinary shares outstanding 1,679,533 1,693,244 1,760,468 Employee stock options 25,883 8,541 1,310 Weighted-average diluted shares outstanding 1,705,416 1,701,785 1,761,778 Earnings per share – basic, Russian Rubles 19.39 37.49 34.88 Basic EPS from continuing operations 21.13 37.02 34.43 Basic EPS from discontinued operations (1.74) 0.47 0.45 Earnings per share – diluted, Russian Rubles 19.10 37.30 34.86 Diluted EPS from continuing operations 20.81 36.83 34.41 Diluted EPS from discontinued operations (1.71) 0.47 0.45

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	12 Months Ended
CASH AND CASH EQUIVALENTS	Dec. 31, 2022
CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS	13. CASH AND CASH EQUIVALENTS Cash and cash equivalents represent cash on hand and in bank accounts, as well as short-term bank deposits, which have original maturities of less than three months. Other short-term highly liquid investments are treated as cash equivalents only if they are held for the purpose of meeting short-term cash commitments, are readily convertible to known amounts of cash and are subject to insignificant risk of change in value. Cash and cash equivalents are placed in banks with credit ratings from AAA to B+ according to an independent credit rating agency Expert RA. Cash and cash equivalents comprised the following: December 31, 2022 2021 Cash and cash equivalents at banks and on hand in: Russian Rubles 33,912 17,911 Chinese yuan 12,404 15 US Dollars 11,902 1,766 Euro 7,516 2,899 Turkmenian Manat 314 367 Other 2,031 801 Short-term deposits with an original maturity of less than 92 days: Russian Rubles 10,213 16,594 Other — 237 Total cash and cash equivalents 78,292 40,590

SHORT-TERM INVESTMENTS

SHORT-TERM INVESTMENTS	12 Months Ended
SHORT-TERM INVESTMENTS	Dec. 31, 2022
SHORT-TERM INVESTMENTS
SHORT-TERM INVESTMENTS	14. SHORT-TERM INVESTMENTS Short-term investments represent investments in loans and time deposits, which have original maturities of longer than 92 days and are repayable in less than twelve months, as well as investment in debt and equity securities. Deposits, loans and debt securities are carried at amortized cost as they are held to collect contractual cash flows in the form of payments of principal and interest. Assets in Sistema Capital trust management as well as mutual funds are carried at fair value through profit and loss (“FVTPL”), as this portfolio of assets is neither held to collect contractual cash flows nor held both to collect contractual cash flows and to sell financial assets. Short-term investments, carried at amortized cost, are presented net of allowance for expected credit losses (“ECL”). Loans to customers issued by MTS Bank are presented separately within Bank deposits and loans in the accompanying consolidated statements of financial position. The Group’s short-term investments comprised the following: December 31, Category 2022 2021 Investments in mutual funds (Notes 27) At FVTPL 12,749 10,719 Assets in Sistema Capital trust management (Notes 27) At FVTPL 9,426 10,374 Notes / loans At amortized cost 2,235 6,383 Deposits At amortized cost 9 1,499 Short-term investments, gross 24,419 28,975 Allowance for ECL 3 (3) Total short-term investments 24,422 28,972

INVESTMENTS IN ASSOCIATES AND J

INVESTMENTS IN ASSOCIATES AND JOINT VENTURES	12 Months Ended
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES	Dec. 31, 2022
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES	15. INVESTMENTS IN ASSOCIATES AND JOINT VENTURES Associates are those entities where the Group exercises significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee but does not equate to control or joint control over those policies. Associates are accounted for using the equity method, with exception of associates held by the Group’s venture capital subsidiary, MTS Ventures Limited. The Group elected to measure venture investments in associates at fair value through profit or loss in accordance with IFRS 9. Investments in associates are accounted for using the equity method are recognized at cost at the time of acquisition and adjusted thereafter to recognize the Group’s share of the profit or loss and other comprehensive income. The carrying amount of the investment in such entities may include goodwill as the positive difference between the cost of the investment and Group’s proportionate share in the fair-values of the entity’s identifiable assets and liabilities. Joint ventures are joint arrangements whereby the parties that have joint control of the arrangement and have rights to the net assets of the arrangement. The Group recognizes its interest in a joint venture where it has joint control of the investment and accounts for that investment using the equity method. The Group presents its share in profits or losses in associates and joint ventures accounted for using the equity method within operating profit if those interests are viewed as part of Group’s core operations. As of December 31, 2022, MTS Belarus, Zelenaya Tochka, Factorin and Monumental Vision were considered as part of the Group’s core operating activity. Shares in profits and losses of other Group’s associates and joint ventures were presented as non-operating items. The Group’s investments in associates and joint ventures accounted for using the equity and fair value methods in the consolidated statements of profit or loss comprised the following: Country of December 31, December 31, operations Operating activity 2022 2021 MTS Belarus Belarus telecommunications 5,798 6,265 Zelenaya Tochka Russia telecommunications 199 141 YouDo Russia classifieds 667 705 Other unquoted companies Russia 2,611 1,319 Total investments in associates and joint ventures accounted for using the equity method 9,275 8,430 Other unquoted companies accounted for at fair value through profit or loss Russia 477 305 Total investments in associates 9,752 8,735 Associates and joint ventures accounted for using the equity method and presented in share of the profit of operating associates and joint ventures in the consolidated statements of profit or loss MTS Belarus The reconciliation of summarized financial information of MTS Belarus to the carrying amount of the Group’s interest in associate is presented as follows: December 31, December 31, 2022 2021 Assets Non-current assets 14,743 19,030 Current assets 11,940 15,386 Liabilities Non-current liabilities (4,497) (9,062) Current liabilities (10,354) (12,568) Total identifiable net assets 11,832 12,786 The Group’s share in associate 49 % 49 % The Group’s share of identifiable net assets 5,798 6,265 Carrying amount of the Group’s interest 5,798 6,265 The composition of the Group’s share of income of MTS Belarus is as follows: Year ended December 31, 2022 2021 2020 Revenue 37,444 39,383 36,121 Net profit for the year 9,863 10,379 10,267 The Group’s share of the profit of the associate for the year 4,833 5,086 5,031 Other comprehensive income/(loss) for the year (1,541) 183 (397) Total comprehensive income for the year 8,322 10,562 9,870 The Group’s share of total comprehensive income of the associate for the year 4,078 5,175 4,836 Dividends received (4,545) (4,034) (4,212) Zelenaya Tochka In February 2020, the Group purchased 51% stakes in Achemar Holdings Limited and Clarkia Holdings Limited, owners of the operational companies of “Zelenaya Tochka” Group, fixed-line operator in multiple regions of Russia. Purchase price comprised of cash payment in total amount of RUB 1,370 million. Purchase conditions included call and put options for the remaining stakes in Achemar Holdings Limited and Clarkia Holdings Limited, and share of purchase price in amount of RUB 166 million related to the fair value of call and put options acquired. The purchase of 51% stake was accounted as investment in joint venture based on the terms of the shareholders’ agreement. In April 2021 the Group performed a step acquisition and obtained control over Achemar Holdings Limited, owner of Stavropol and Tambov subsidiaries of Zelenaya Tochka (Note 4). As of the acquisition date the Group remeasured the previously held equity interest in Achemar Holdings Limited from RUB 1,166 million to fair value of RUB 1,582 million and recognized the resulting gain of RUB 415 million in the share of the profit in operating associates and joint ventures in the accompanying consolidated statement of profit or loss. The Group continued to account for its investment in other operational companies of Zelenaya Tochka, owned by Clarkia Holdings Limited, as investment in joint venture. Factorin In July 2021 the Group purchased 51% stake in Amaran Limited, 100% owner of LLC Factorin (“Factorin”), for RUB 867 million. Factorin is the developer and owner of blockchain-based platform for trade finance transactions with a focus on supply chain finance and invoice factoring. The purchase of 51% stake was accounted as investment in joint venture based on the terms of the shareholders’ agreement. The following table is the aggregate financial information of investments in individually insignificant joint ventures, held by the Group and presented within operating profit in the consolidated statements of profit or loss: Year ended December 31, 2022 2021 Net (income)/loss for the year 1,362 114 The Group’s share of the (income)/loss of the joint venture for the year 260 32 Total comprehensive income for the year 1,362 114 Gain on remeasurement of previously held interest upon acquisition — (415) Compensation of losses — (96) The Group’s share of total comprehensive (income)/loss of the joint venture for the year 260 (479) Associates and joint ventures accounted for using the equity method and presented within share of the profit of non-operating associates and joint ventures in the consolidated statements of profit or loss YouDo In September 2018, the Group acquired a 13.68% ownership interest in Youdo Web Technologies Limited (YouDo), a Russian online service provider matching freelance labor supply to demand for everyday and business tasks, for a cash contribution of RUB 824 million. In November 2021, the Group increased its share to 14.39%. Though the Group holds less than 20% of the equity interests in YouDo, nevertheless it has significant influence over the investee by means of representation on the investee’s Board of Directors and certain additional rights related to the decision-making process on key issues. Navitel In September 2022, the Group acquired a 50.85% ownership interest in Navitel for a cash contribution of RUB 690 million. Navitel is a leading digital navigation solution provider for automotive industries around the world. The Group holds more than 50% of the equity interests in Navitel, it has significant influence over the investee based on its ownership of equity shares, representation on the investee’s Board of Directors. The following table is the aggregate financial information of investments in individually insignificant associates and joint ventures, held by the Group and presented within non-operating items in the consolidated statements of profit or loss: Year ended December 31, 2022 2021 2020 Net (income) for the year (1,035) (856) (1,048) The Group’s share of the (income)/loss of the associate for the year (209) (181) (273) Other comprehensive income for the year — — — Total comprehensive (income) for the year (1,035) (856) (1,048) The Group’s share of total comprehensive (income)/loss of the associate for the year (209) (181) (273) Investments in venture capital associates The following table is the aggregate financial information of investments in individually insignificant associates measured at fair value through profit or loss in accordance with IFRS 9: December 31, Fair value December 31, 2022 adjustment Investment 2021 Total investments in associates measured at fair value through profit or loss 477 — 172 305

OTHER INVESTMENTS

OTHER INVESTMENTS	12 Months Ended
OTHER INVESTMENTS	Dec. 31, 2022
OTHER INVESTMENTS
OTHER INVESTMENTS	16 Other investments consist primarily of long-term deposits, which are repayable in more than a year, loans, debt securities and equity holdings in private companies. Deposits, loans and notes are carried at amortized cost as they are held to collect contractual cash flows in the form of payments of principal and interest. Loans to customers issued by MTS Bank are presented separately within Bank deposits and loans to customers. Other investments, carried at amortized cost, are presented net of allowance for expected credit losses (ECL). Other investments of the Group comprised the following: December 31, Category 2022 2021 Debt securities At amortized cost 1,299 2,810 Investments in equity FVPL 2,000 1,228 Loans and unquoted notes At amortized cost 4,239 555 Other investments (Gross) 7,538 4,593 Allowance for ECL 1 (2) Total other investments 7,539 4,591 The main change in the amount of other investments relates to the Business Nedvizhimost receivables novation agreement under which receivables were converted into the loan.

TRADE AND OTHER RECEIVABLES

TRADE AND OTHER RECEIVABLES	12 Months Ended
TRADE AND OTHER RECEIVABLES	Dec. 31, 2022
TRADE AND OTHER RECEIVABLES
TRADE AND OTHER RECEIVABLES	17 Trade and other receivables are carried at transaction price. The carrying value of all trade receivables is reduced by appropriate allowances for ECL. For trade receivables the Group applies a simplified approach and calculates ECL based on lifetime expected credit losses. For receivables from subscribers and dealers and partially for other trade receivables the allowance for ECL is computed using the provision matrix. The provision rates are based on days past due for groupings of various customer segments with similar loss patterns. The calculation reflects the probability-weighted outcome and all reasonable and supportable information that is available at the reporting date about past events, current conditions and forecasts of future economic conditions. Generally, receivables from subscribers are written-off if past due for more than 180 days on average based on category of subscriber. Receivables other than from subscribers are written-off upon the expiration of the limitation period or before based on results of internal investigations. MTS Group accounts for Receivables from handset sales financing as a part of current trade and other receivables and non-current other non-financial assets. These financial assets are measured based on fair value basis using effective rate approach at recognition and then amortised cost approach applies. Receivables from handset sales financing are written off against the allowance when deemed uncollectible, including by means of foreclosure on the provision. Write off of receivables takes place when the Group has no reasonable expectations of recovering the financial asset either entirely or a portion of it. Trade and other receivables current and non-current comprised the following: December 31, 2022 2021 Subscribers 16,689 15,240 Handset sales financing 5,630 12,161 Property 2,607 683 Bank commission 2,512 1,208 Bonuses from suppliers 2,467 892 Interconnect 1,658 1,640 Sharing 1,474 2,164 Integration services 1,070 1,584 Roaming 686 800 Dealers 267 161 Factoring 64 282 Other receivables 6,179 6,516 Allowance for ECL (3,245) (3,536) Trade and other receivables, total 38,058 39,795 Less non-current portion (882) (1,898) Trade and other receivables, current 37,176 37,897 The analysis of the age of trade and other accounts receivables and the respective allowance for ECL as of December 31, 2022: Receivables from subscribers and dealers and other trade Loss allowance receivables assessed for Weighted- (based on impairement based on provision average Gross carrying provision matrix loss rate amount matrix) Credit-impaired Current 1 % 2,602 (29) No 1 - 30 days past due 3 % 12,490 (390) No 31 - 60 days past due 38 % 506 (195) No 60 - 90 days past due 58 % 392 (228) No More than 90 days past due 78 % 966 (755) Yes Total 9 % 16,956 (1,597) Receivables from the sharing agreement, interconnect, integration services and other Weighted- Loss allowance receivables based on individual average Gross carrying (individually approach loss rate amount assessed) Credit-impaired Current 2 % 11,158 (187) No 1 - 30 days past due 0 % 2,956 (11) No 31 - 60 days past due 2 % 785 (19) No 60 - 90 days past due 2 % 586 (12) No More than 90 days past due 22 % 3,231 (713) Yes Total 5 % 18,716 (942) Loss allowance Weighted- (based on Receivables from handset sales average Gross carrying provision financing loss rate amount matrix) Credit-impaired Current 1 % 4,628 (68) No 1 - 30 days past due 21 % 123 (25) No 31 - 60 days past due 41 % 63 (25) No 60 - 90 days past due 52 % 58 (30) No More than 90 days past due 74 % 759 (558) Yes Total 13 % 5,631 (706) The analysis of the age of trade and other accounts receivables and the respective allowance for ECL as of December 31, 2021: Receivables from subscribers and dealers and other trade Loss allowance receivables assessed for Weighted- (based on impairement based on provision average Gross carrying provision matrix loss rate amount matrix) Credit-impaired Current 1 % 2,560 (27) No 1 - 30 days past due 3 % 10,848 (332) No 31 - 60 days past due 32 % 583 (189) No 60 - 90 days past due 45 % 355 (161) No More than 90 days past due 78 % 1,055 (818) Yes Total 10 % 15,401 (1,527) Receivables from the sharing agreement, interconnect, integration services and other Weighted- Loss allowance receivables based on individual average Gross carrying (individually approach loss rate amount assessed) Credit-impaired Current 2 % 9,407 (193) No 1 - 30 days past due 1 % 2,219 (8) No 31 - 60 days past due 1 % 1,119 (16) No 60 - 90 days past due 5 % 624 (31) No More than 90 days past due 36 % 2,400 (865) Yes Total 7 % 15,769 (1,113) Loss allowance Weighted- (based on Receivables from handset sales average Gross carrying provision financing loss rate amount matrix) Credit-impaired Current 2 % 10,948 (180) No 1 - 30 days past due 12 % 289 (34) No 31 - 60 days past due 47 % 94 (45) No 60 - 90 days past due 58 % 74 (43) No More than 90 days past due 78 % 756 (594) Yes Total 7 % 12,161 (896) The following table summarizes changes in the allowance for expected credit losses for the year ended December 31, 2022, 2021 and 2020: 2022 2021 2020 Balance, beginning of the year (3,536) (4,623) (4,203) Allowance for ECL (2,203) (1,135) (3,382) Accounts receivable written off 2,522 2,232 2,719 Disposal/(Acquisition) of subsidiaries (28) (10) 243 Balance, end of the year (3,245) (3,536) (4,623)

INVENTORIES

INVENTORIES	12 Months Ended
INVENTORIES	Dec. 31, 2022
INVENTORIES
INVENTORIES	18 Inventories are stated at the lower of cost or net realizable value. Inventory cost is determined using the weighted average cost method. Handsets and accessories held for sale are expensed when sold. The Group regularly assesses its inventories for obsolete and slow-moving stock. Inventory and spare parts comprised the following: December 31, 2022 2021 Handsets and accessories 10,290 15,201 SIM cards and prepaid phone cards 1,495 853 Software and equipment for installation and resale 1,433 364 Advertising and other materials 630 1,934 TV equipment for resale 305 449 Spare parts for telecommunication equipment 46 180 Total inventories 14,199 18,981 Spare parts for telecommunication equipment included in the inventory are expected to be utilized within twelve months of the year end. Expenses for writing inventory down to net realisable value were included in cost of goods in the consolidated statement of profit or loss. For the years ended December 31, 2022, 2021 and 2020, cost of goods comprised the following expenses: 2022 2021 2020 Amount of inventories recognized as an expense 38,233 65,818 58,677 Inventory obsolescence provision 3,833 1,625 1,465 Reversal of obsolescence provision (913) (169) (570) Total cost of goods 41,153 67,274 59,572 The reversal of the inventory obsolescence provision relates to handsets and accessories sold over the course of the Group’s promotion campaigns. Inventories were sold with a positive margin.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
PROPERTY, PLANT AND EQUIPMENT	Dec. 31, 2022
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT	19. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, including improvements, are stated at cost. Property, plant and equipment with a useful life of more than one year is capitalized at historical cost and depreciated on a straight-line basis over its expected useful life, as follows: Network and base station equipment: Network infrastructure 3-50 years Other 3-20 years Land and buildings: Buildings 7-99 years Leasehold improvements the term of the lease Office equipment, vehicles and other: Office equipment 2-7 years Vehicles 2-10 years Other 2-25 years The estimated useful lives and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. The gain or loss arising on the disposal of an item of property, plant and equipment is determined as the difference between any sale proceeds and the carrying amount of the asset and is recognised in the consolidated statement of profit or loss. Construction in progress and equipment held for installation is not depreciated until the constructed or installed asset is ready for its intended use. Maintenance and repair costs are expensed as incurred, while upgrades and improvements are capitalized. Borrowing costs Balances of cost, accumulated depreciation, net book value as of December 31, 2022, 2021 and 2020 and movements of property, plant and equipment for the year ended December 31, 2022, 2021 and 2020 were as follows: Office Construction Network and equipment, in progress base station Land and vehicles and and equipment equipment buildings other for installation Total Cost January 1, 2020 560,599 34,556 57,269 21,896 674,320 Additions (173) 434 729 74,032 75,022 Transferred into use 53,005 1,317 12,286 (66,608) — Arising on business combinations 578 4 6 — 588 Disposal of NVISION GROUP (Note 10) — — (314) (18) (332) Transfer to assets held for sale (2,890) (475) (34) (3) (3,402) Disposal (38,293) (447) (4,405) (255) (43,400) Other (4) 675 30 35 736 Foreign exchange differences 2,286 495 520 74 3,375 December 31, 2020 575,108 36,559 66,087 29,153 706,907 Additions 2,432 38 801 75,450 78,721 Transferred into use 57,666 748 11,499 (69,913) — Arising on business combinations 973 4,601 605 204 6,383 Transfer to assets held for sale (992) (1) (24) (27) (1,044) Disposal (44,394) (559) (5,542) 334 (50,161) Other (341) 482 159 (137) 163 Foreign exchange differences 1,306 10 170 12 1,498 December 31, 2021 591,758 41,878 73,755 35,076 742,467 Additions 1,748 68 419 53,630 55,865 Transferred into use 39,096 1,965 9,426 (50,487) — Arising on business combinations 289 — 91 14 394 Transfer to assets held for sale (978) — (26) — (1,004) Disposal of Nvision CR a.s. (Note 10) — (840) (953) — (1,793) Disposal (22,082) 74 (3,267) (127) (25,402) Other (2,948) 540 1,280 66 (1,062) Foreign exchange differences 937 (438) (373) (1) 125 December 31, 2022 607,820 43,247 80,352 38,171 769,590 Accumulated amortisation and impairment January 1, 2020 (362,006) (10,571) (36,264) — (408,841) Charge for the year (43,220) (1,153) (5,696) — (50,069) Disposal of NVISION GROUP (Note 10) — — 236 — 236 Transfer to assets held for sale 1,899 146 (7) — 2,038 Disposal 33,058 343 4,165 — 37,566 Other (5) (133) (34) — (172) Foreign exchange differences (1,968) (397) (496) — (2,861) December 31, 2020 (372,242) (11,765) (38,096) — (422,103) Charge for the year (44,387) (1,204) (7,548) — (53,139) Transfer to assets held for sale 1,247 1 15 — 1,263 Disposal 38,225 435 5,062 — 43,722 Other 277 (99) (4) — 174 Foreign exchange differences (1,016) (6) (112) — (1,134) December 31, 2021 (377,896) (12,638) (40,683) — (431,217) Charge for the year (43,211) (1,167) (9,550) — (53,928) Transfer to assets held for sale 899 — 23 — 922 Disposal of Nvision CR a.s. (Note 10) — 794 775 — 1,569 Disposal 21,957 (111) 3,362 — 25,208 Other 210 (20) (1,163) — (973) Foreign exchange differences 240 474 624 — 1,338 December 31, 2022 (397,801) (12,668) (46,612) — (457,081) Net book value December 31, 2021 213,862 29,240 33,072 35,076 311,250 December 31, 2022 210,019 30,579 33,740 38,171 312,509 The amount of the compensation from third parties for items of property, plant and equipment that were accidentally damaged during construction in Moscow for the years ended December 31, 2022, 2021 and 2020 totaled RUB 2,927 million, RUB 2,403 million and RUB 1,510 million, respectively. This was included in the accompanying consolidated statements of profit or loss as component of other operating income.

GOODWILL

GOODWILL	12 Months Ended
GOODWILL	Dec. 31, 2022
GOODWILL
GOODWILL	20. GOODWILL Goodwill represents an excess of consideration transferred plus the fair value of any non-controlling interest (“NCI”) in the acquiree at the acquisition date over the fair values of the identifiable net assets of the acquired entity. Goodwill is not amortized, but is tested for impairment (Note 21). The change in the net carrying amount of goodwill for the years ended December 31, 2022 and 2021 by reportable segments was as follows: Telecom Other Total Balance at January 1, 2021 Gross amount of goodwill 30,924 13,904 44,828 Accumulated impairment loss (1,466) (5,321) (6,787) 29,458 8,583 38,041 Acquisitions (Note 4) 4,337 46 4,383 Reclassification (Note 5) 253 (253) — Currency translation adjustment — 395 395 Balance at December 31, 2021 Gross amount of goodwill 35,514 14,092 49,606 Accumulated impairment loss (1) (1,466) (5,321) (6,787) 34,048 8,771 42,819 Acquisitions (Note 4) 2,609 10,107 12,716 Measurement period adjustment (Note 4) (61) — (61) Impairment (Note 21) — (489) (489) Currency translation adjustment — 709 709 Balance at December 31, 2022 Gross amount of goodwill 38,062 24,908 62,970 Accumulated impairment loss (1) (1,466) (5,810) (7,276) 36,596 19,098 55,694 (1)

IMPAIRMENT REVIEW

IMPAIRMENT REVIEW	12 Months Ended
IMPAIRMENT REVIEW	Dec. 31, 2022
IMPAIRMENT REVIEW
IMPAIRMENT REVIEW	21. IMPAIRMENT REVIEW Goodwill – Investments in associates and joint ventures – Tangible and intangible assets excluding goodwill – In the process of identifying the impairment indicators management of the Group considers, among other factors, CGU market and book value and changes in risk premiums in country of operations. When the carrying amount of the CGU exceeds its recoverable amount, assets allocated to this CGU must be impaired. For the purpose of the impairment test the recoverable amounts of the CGUs are considered to be equal to their value-in-use. While determining value-in-use, the estimated future cash flows are discounted to present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the CGU. The discount rate applied to measure free cash flow is the weighted average cost of capital according to the finance structure established for each CGU. Estimation of future cash flows requires assumptions to be made in respect to uncertain factors, including management expectations in relation to OIBDA margin, timing and amount of capital expenditures, terminal growth rates and appropriate discount rates to reflect the risks involved. Therefore, OIBDA margin and capital expenditures used for value in use calculation are primarily derived from internal sources, based on past experience and extended to include management expectations. For the purposes of impairment testing OIBDA calculated as operating profit less depreciation and amortization measured on the basis consistent with IFRS consolidated financial statements. For the purpose of impairment testing the Group has assessed potential adverse effects of economic volatility and sanctions in Russia on Group’s business and financial situation (as disclosed in Note 33) for impairment indicators. The Group took into consideration relevant effects for estimation of future cash flows. Moscow Fixed Line In 2021 management of the Group has changed the composition of operating segments, by dividing operations of the Group’s subsidiary MGTS (previously constituted “Moscow Fixed Line” reportable segment) into two operating segments, as disclosed in Note 5. The described change in composition of operating segments led to separation of “Moscow fixed line” into two CGU – “MGTS commercial” and “MGTS service”. Entertainment Due to restrictive measures implemented by government in respect to mass events and gatherings ticket sales dropped significantly in 2020. Group management adjusted its expectations of Ticketland and Ponominalu operating performance to reflect significant reduction of business activities and time needed for recovery. The recoverable amount was in total equal to RUB 2,658 million as of June 30, 2020. As a result of impairment test the Group recognized impairment of goodwill related to Ticketland and Ponominalu in the aggregate amount of RUB 1,281 million for the year ended December 31, 2020. Kinopolis Kinopolis provides services of movie sites rental and movie production. The sites and related infrastructure for rent are presented in the statement of financial position as investment property. Overall slowdown of movie production and pandemic restrictions lead to decrease in demand for movie site rental. Operating results of Kinopolis dropped below expectations. As of December 31, 2020 the recoverable amount of Kinopolis’s assets was assessed as being lower than its carrying amount, and hence the impairment charge of RUB 807 million was recognized in respect to Kinopolis CGU. Gambit Due to the political and economic sanctions, Esports teams under the brand “Gambit” has been unable to participate in most of major worldwide championships and lost significant part of cash inflows from advertising contracts and prizes. The Group recognized impairment of goodwill relating to CGU “Gambit” in the amount of RUB 207 million for the year ended December 31, 2022. MTS Auto As a result of decline in Russia’s automotive market MTS Auto’s revenue from sale of multimedia platforms for cars was significantly reduced. The Group recognized impairment of goodwill relating to CGU “MTS Auto” in the amount of RUB 282 million for the year ended December 31, 2022. Impairment losses and reversal of the impairment charges recognized during year ended December 31, 2022 ,2021 and 2020 are attributable to operating segments, reported as a part of the “Other” category (Note 4). MTS Turkmenistan During the years ended December 31, 2021 and 2020 MTS Turkmenistan sold a number of long-lived assets impaired in prior periods, hence the reversal of the impairment in the amount of gain from disposal of RUB 10 million and RUB 66 million, respectively, was recognized in the accompanying consolidated statements of profit or loss. Impairment losses and reversal of the impairment charges recognized during the years ended December 31, 2022, 2021 and 2020 are attributable to operating segments, reported as a part of the “Other” category (Note 5). The total amount of impairment loss and reversal of impairment charges for the year ended December 31, 2022, 2021 and 2020 was allocated to the long-lived assets carrying amounts as follows: 2022 2021 2020 MTS MTS MTS Gambit Auto Turkmenistan Entertainment Kinopolis Turkmenistan Goodwill 207 282 — 1,281 — — Property, plant and equipment — — (10) — — (66) Investment property — — — — 807 — Total 207 282 (10) 1,281 807 (66) Key assumptions used for value in use calculation: The table below presents OIBDA margin applied for value in use calculation of related CGUs: December 31, CGU 2022 2021 Russia Convergent 37.5%-37.9% 41.3%-46.9% Armenia 50.6%-54.2% 53.5%-60.3% MGTS Commercial 50.6%-54.2% 59.9%-63.0% MGTS Service 31.4%-33.9% 42.5%-51.8% Entertainment 2.1%-11.9% 4.8%-12% Cloud 39.8%-59.1% 37.7%-67.3% The table below presents capital expenditure as a percentage of revenue applied for value-in-use calculations of related CGUs: December 31, CGU 2022 2021 Russia Convergent 22 % 18 % Armenia 22 % 22 % MGTS Commercial 19 % 16 % MGTS Service 15 % 16 % Entertainment 10 % 3 % Cloud 61 % 17 % The terminal growth rate into perpetuity has been determined based on the nominal gross domestic product rates for the country of operation, adjusted for specific characteristic of the CGUs. The table below presents terminal growth rates applied for value-in-use calculations of related CGUs: December 31, CGU 2022 2021 Russia Convergent 1 % 1 % Armenia nil nil MGTS Commercial 1 % 1 % MGTS Service 1 % 1 % Entertainment 1.5 % 1.5 % Cloud 1 % 1 % The table below presents pre-tax rates for the discounting of cash flows in functional currencies of related CGUs: December 31, CGU 2022 2021 Russia Convergent 16.9 % 10.1 % Armenia 12.3 % 11.2 % MGTS Commercial 17.3 % 12.7 % MGTS Service 16.5 % 9.9 % Entertainment 20.4 % 13.1 % Cloud 18.8 % 13.6 %

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS	12 Months Ended
OTHER INTANGIBLE ASSETS	Dec. 31, 2022
OTHER INTANGIBLE ASSETS
OTHER INTANGIBLE ASSETS	22. OTHER INTANGIBLE ASSETS Other intangible assets primarily consist of billing, telecommunication, accounting and office software as well as numbering capacity, customer base and licenses. These assets are assets with finite useful lives. They are initially recognized at cost and amortized on a straight-line basis over their estimated useful lives. Balances of historical cost, accumulated amortization, net book value as of December 31, 2022 and 2021 and movements of other intangible assets for the year ended December 31, 2022, 2021 and 2020 were as follows: Right to use Billing and Cost to radio other Numbering obtain Licenses frequencies software Client base capacity contracts Content Other Total Useful life, years 1 to 20 1 to 15 1 to 25 4 to 31 2 to 15 2 to 5 1 to 5 1 to 10 Cost January 1, 2020 21,705 5,689 139,968 5,930 2,677 13,635 — 3,096 192,700 Additions 1,466 (11) 35,277 — 15 10,390 — 1,941 49,078 Disposal of NVISION GROUP (Note 10) — — (311) — — — — — (311) Reclassification into assets for sale — — (184) — — — — — (184) Impairment — 43 (167) — — — — (2) (126) Disposal (108) (172) (28,035) (73) (24) (9,758) — (1,033) (39,203) Other 25 30 (83) — — — — (1) (29) Foreign exchange differences 913 — 386 — — — — 4 1,303 December 31, 2020 24,001 5,579 146,851 5,857 2,668 14,267 — 4,005 203,228 Additions 1,350 — 34,421 — 75 3,653 — 5,494 44,993 Arising on business combinations — — 571 1,147 174 — — 576 2,468 Reclassification into assets for sale — — (17) — — — — — (17) Impairment (1) 21 — — — — — — 20 Disposal (39) (233) (14,783) (680) (251) (3,287) — (1,064) (20,337) Other — 1 (97) — — — — (9) (105) Foreign exchange differences 992 — 381 — — — — (1) 1,372 December 31, 2021 26,303 5,368 167,327 6,324 2,666 14,633 — 9,001 231,622 Additions 1,231 — 31,934 — 134 3,945 7,952 205 45,402 Arising on business combinations (Note 4) — — 713 4,447 — 260 — 619 6,039 Disposal of Nvision CR a.s. — — (89) — — — — — (89) Disposal (63) (174) (11,810) (619) (24) (3,250) — (465) (16,405) Other 34 (34) 52 — — — (9) (35) 8 Foreign exchange differences 1,778 — 298 (539) (66) — — (468) 1,003 December 31, 2022 29,283 5,160 188,425 9,613 2,710 15,588 7,943 8,857 267,579 Accumulated amortisation and impairment January 1, 2020 (13,182) (4,098) (82,096) (3,048) (2,611) (6,394) — (1,542) (112,971) Charge for the year (1,266) (367) (25,146) (431) (27) (9,964) — (345) (37,546) Disposal of NVISION GROUP (Note 10) — — 77 — — — — — 77 Disposal 71 160 27,953 72 24 9,758 — 402 38,440 Other (10) (31) 81 — — — — 2 42 Foreign exchange differences (894) — (275) — — — — 2 (1,167) December 31, 2020 (15,281) (4,336) (79,406) (3,407) (2,614) (6,600) — (1,481) (113,125) Charge for the year (1,443) (349) (29,737) (631) (35) (3,424) — (1,867) (37,486) Disposal 3 228 14,716 679 249 3,288 — 920 20,083 Other — — 204 — — — — 16 220 Foreign exchange differences (971) — (211) — — — — — (1,182) December 31, 2021 (17,692) (4,457) (94,434) (3,359) (2,400) (6,736) — (2,412) (131,490) Charge for the year (1,607) (312) (31,702) (820) (55) (3,596) (2,144) (89) (40,325) Disposal of Nvision CR a.s. (Note 10) — — 57 — — — — — 57 Impairment — — (1,150) — — — — (18) (1,168) Disposal 38 193 11,792 619 24 3,250 — 439 16,355 Other (31) 31 (39) 3 — 3 7 22 (5) Foreign exchange differences (1,742) — 191 — 66 — — 31 (1,454) December 31, 2022 (21,034) (4,545) (115,285) (3,557) (2,365) (7,080) (2,137) (2,027) (158,030) Net book value December 31, 2021 8,611 911 72,893 2,965 266 7,897 — 6,589 100,132 December 31, 2022 8,249 615 73,140 6,056 345 8,509 5,806 6,830 109,549 The Group was granted with GSM licenses by the Russian Ministry of Information Technologies and Communications to provide telecommunication services. In addition to the licenses received directly from the Russian Ministry of Information Technologies and Communications, the Group acquired access to telecommunication licenses through business combinations. Operating licenses contain conditions specified by legislation which generally include the required date of services provision, territorial coverage and expiration date. Management believes that the Group is in compliance with all material terms of its licenses. The Group’s operating licenses do not provide for automatic renewal. All licenses covering the territories of the Russian Federation expired as of December 31, 2022 were renewed. The cost to renew the licenses was not significant. Weighted-average period until the next renewal of licenses in the Russian Federation is five years. The license for the provision of telecommunication services in Armenia is valid until 2034. Contractual obligations to purchase intangible assets are disclosed in the Note 33.

BORROWINGS

BORROWINGS	12 Months Ended
BORROWINGS	Dec. 31, 2022
BORROWINGS
BORROWINGS	23. BORROWINGS Group’s borrowings represent interest bearing bank loans and bonds issued in the capital markets. Borrowings are initially recorded at fair value plus transaction costs that are directly attributable to the issue of the financial liability and subsequently measured at amortized cost, using the effective interest rate method. The Group’s borrowings comprise the following: December 31, 2022 2021 Notes 195,929 191,996 Bank and other loans 290,211 270,143 Total borrowings 486,140 462,139 Less: current portion (117,747) (111,839) Total borrowings, non-current 368,393 350,300 On 21 November 2022, the Group announced a consent solicitation in relation to the MTS International Notes due 2023 on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 21 November 2022. On December 13, 2022 in connection with the Consent Solicitation, the Extraordinary Resolution was duly passed and became effective. Pursuant to the terms of the Extraordinary Resolution, amongst other things, the 30 November 2022 coupon payment under the Notes were to be paid by the Group in accordance with the Amended Payment Mechanics within sixty (60) calendar days from 30 November 2022 by January 30, 2023. The Group paid Notes coupon due on January 16, 2023. Compliance with covenants The noteholders of MTS International Notes due in 2023 have the right to require the Group to redeem the notes at 101% of their principal amount and related interest, if the Group experiences a change in control. If the Group fails to meet covenants, after the notice and cure periods, the debtholders are entitled to demand accelerated principal repayment. The Group was in compliance with all existing notes and bank loans covenants as of December 31, 2022. Available credit facilities The following table presents the aggregated scheduled maturities of principal and interests on notes and bank loans (gross of debt issuance costs) outstanding for the five years ending December 31, 2027 and thereafter: December 31, 2022 Bank loans Notes and other debt Payments due in the year ending December 31, 2023 63,963 90,636 2024 67,213 76,944 2025 41,246 150,222 2026 38,415 15,242 2027 22,477 — Contractual undiscounted cash flows 233,314 333,044 Less: unamortized debt issuance costs (321) — Less: interest (37,064) (41,762) Less: debt modification — (459) Less: subsidized interest rate effect — (612) Total debt 195,929 290,211

RIGHT-OF-USE ASSETS AND LEASE O

RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS	12 Months Ended
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS	Dec. 31, 2022
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS	24. RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS The Group’s lease contracts largely relate to leases of cellular sites (i.e. land, space in cell towers or rooftop surface areas), network infrastructure, and retail stores as well as buildings used for administrative or technical purposes. The Group recognizes a right-of-use asset and a corresponding lease liability with respect to all lease agreements (including sub-lease and lease of intangible assets), which conveys the right to control the use of identified assets for a period of time in exchange for consideration, except for short-term leases (with a lease term of 12 months or less). For these leases, the Group recognizes the lease payments as operating expenses over the term of the lease. When identifying the lease, the Group uses practical expedient of IFRS 16 permitting the lessee not to separate the non-lease components of the contract and, instead, to account for any lease and associated non-lease components as a single arrangements. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the incremental borrowing rate of the Group. The incremental borrowing rate of the Group is determined based on the credit spreads of the Group debt instruments in relation to the zero-coupon yield curve for government securities. The lease payments include fixed payments, variable payments that depend on index or rate, amounts expected to be paid under residual value guarantee, the exercise price under a purchase option the Group is reasonably certain to exercise as well as early termination fees unless the Group is reasonably certain not to terminate earlier. Variable payments that depend on external factors (such as sale volume of a particular retail store) are expensed as incurred. Lease liability is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Group’s estimate of the amount expected to be payable under a residual value guarantee, or if the Group changes its assessment of whether it will exercise a purchase, extension or termination option. A corresponding adjustment is made to the carrying amount of the right-of-use assets, or is recorded in profit or loss if the carrying amount of right-of-use asset had been reduced to zero. Right-of-use assets are initially measured at cost, which is the initial amount of lease liability adjusted for any lease payments made at or before the commencement date, plus any direct costs incurred and an estimate of costs to dismantle, remove or restore the underlying asset less any lease incentives received. Right-of-use assets are subsequently amortized on a straight-line basis over the expected lease term. The lease term corresponds to the non-cancellable period of each contract except in cases where the Group is reasonably certain of exercising renewal or termination options. When assessing the lease term, the Group considers all facts and circumstances that create an economic incentive for the Group to exercise the option to extend the lease, such as useful life of the asset located on the leased site, sites replacement statistics, sequence of technology change, profitability of our retail stores as well as costs to terminate or enter into lease contracts. The table below summarises the estimated terms, over which the right-of-use assets are amortized: Sites for placement of network equipment and base stations inside the buildings 10 years Sites for placement of network equipment and base stations on land 20 years Retail stores Up to 8 years Administrative offices, warehouses, parking garages not less than 3 years Vehicles 4 – 5 years The following table presents a summary of net book value of right-of-use assets: December 31, 2022 2021 Sites for network and base station equipment 83,795 91,566 Land and buildings 36,005 40,572 Vehicles and other 392 205 Right-of-use assets, net 120,192 132,343 The following table presents a summary of depreciation charge of the right-of-use assets: 2022 2021 2020 Sites for network and base station equipment 11,600 11,448 6,903 Land and buildings 7,585 8,274 11,858 Vehicles and other 155 103 43 Depreciation charge, total 19,340 19,825 18,804 Depreciation of the right-of-use assets was insignificant for the years ended December 31, 2022 2021 Additions to the assets leased during the years ended December 31, 2022, 2021 and 2020 amounted to RUB 13,425, RUB 17,510 and RUB 13,102 million, respectively. Interest expense accrued on lease obligations for the years ended December 31, 2022, 2021 and 2020 in the amount of RUB 12,791, RUB 11,816 and RUB 12,272 million, respectively, were included in finance costs in the accompanying consolidated statements of profit or loss. For the years ended December 31, 2022, 2021 and 2020, expenses recognized in respect of variable lease payments not included on the measurement of lease liabilities and short-term leases amounted to: 2022 2021 2020 Variable lease payments 11,349 10,623 9,542 Short-term leases 130 310 195 Total 11,479 10,933 9,737 The following table presents future lease payments under lease arrangements together with the present value of the net lease payments as of December 31, 2022 and 2021: December 31, 2022 2021 Lease payments, including: Current portion (less than 1 year) 31,450 29,758 More than 1 to 5 years 96,822 101,965 Over 5 years 84,646 91,031 Total lease payments 212,918 222,754 Less amount representing interest (69,416) (68,245) Present value of net lease payments 143,502 154,509 Less current portion of lease obligations (19,608) (18,709) Non-current portion of lease obligations 123,894 135,800 Total cash outflows for leases for the years ended December 31, 2022, 2021 and 2020 totaled to RUB 40,963, RUB 38,996 and RUB 36,963 million, of which RUB 13,040, RUB 11,548 and RUB 12,173 million was included in interest paid. A minor part of the Group’s lease contracts for retail stores include variable payments that depend on sales volume of the respective store. The Group’s lease contracts include typical restrictions and covenants common for local business practice, such as the responsibility of the Group for regular maintenance and repair of the lease assets and their insurance, redesign and conduction of permanent improvements only with the consent of the lessor, and use of the leased asset in accordance with current legislation. For the year ended December 31, 2020 the Group recognized gain related to termination of lease agreements and rent holidays for retail outlets in the amount of RUB 464 and RUB 286 million, respectively. The amounts for the years ended December 31, 2022 and 2021 were not significant.

RECONCILIATION OF LIABILITIES A

RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES	12 Months Ended
	Dec. 31, 2022
RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES
RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES	25. RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES Foreign Other Change in December 31, Financing Operating Acquisitions/ exchange comprehensive Change retained Other December 31, 2021 cash flows cash flows Disposals movement income in fair value earnings changes 1 2022 Notes (Note 23) 191,996 6,941 — — (2,768) — — — (240) 195,929 Bank and other loans (Note 23) 270,143 15,840 — 1,970 (82) — — — 2,340 290,211 Lease obligation (Note 24) 154,509 (16,443) (13,040) 252 (335) — — — 18,559 143,502 Dividends payable (Note 32) 68 (40,959) — 220 — — — 57,015 247 16,591 Liability under put option agreement — — — 2,577 — — 204 — — 2,781 Неdge asset (net) (3,290) — — — 3,805 — — — (515) — Total liabilities arising from financial activities 613,426 (34,621) (13,040) 5,019 620 — 204 57,015 20,391 649,014 1) Including accrual of liabilities related to repurchase of common stock, additions under lease agreements, dividends related to non-controlling interest, depreciation of debt issuance cost, modification gain and other changes. Foreign Other Change in December 31, Financing Operating Acquisitions/ exchange comprehensive Change retained Other December 31, 2020 cash flows cash flows Disposals movement income in fair value earnings changes 1 2021 Notes (Note 23) 208,155 (16,504) — — 187 — — — 158 191,996 Bank and other loans (Note 23) 221,113 48,718 — 1,735 — (10) — — (1,413) 270,143 Lease obligation (Note 24) 150,814 (16,515) (11,548) 146 45 72 — — 31,495 154,509 Payables related to repurchase of common stock (Note 32) — (21,483) — — — — — — 21,483 — Dividends payable (Note 32) 109 (61,955) — — — — — 61,967 (53) 68 Payables related to transactions under common control — (3,474) — — — — — — 3,474 — Liability under put option agreement 62 — — — — — (62) — — — Hedge asset (net) (3,591) — — — (125) — — — 426 (3,290) Total liabilities arising from financial activities 576,662 (71,213) (11,548) 1,881 107 62 (62) 61,967 55,570 613,426 1) Including accrual of liabilities related to repurchase of common stock, additions under lease agreements, dividends related to non-controlling interest, depreciation of debt issuance cost, modification gain and other changes.

PROVISIONS

PROVISIONS	12 Months Ended
PROVISIONS	Dec. 31, 2022
PROVISIONS
PROVISIONS	26. PROVISIONS Provisions Provision for decommissioning and restoration Employee bonuses and share-based settlement programs The following table summarizes the movement in provisions for the years ended December 31, 2022, 2021 and 2020: Tax Provision provisions for Employee Litigation other than decommissioning bonuses and Other for income and and other provisions Total tax restoration rewards (Note 33) provisions January 1, 2020 (563) (4,788) (10,043) (893) (16,287) Arising during the year (211) (914) (14,770) (3,860) (19,755) Utilised 29 54 16,489 137 16,709 Discount rate adjustment and imputed interest (change in estimates) 1 (138) 67 — (70) Unused amounts reversed 8 513 (125) 114 510 Arising due to acquisitions of subsidiaries — — — — — Disposal of Nvision Group 115 — 245 9 369 Other — — (62) (2) (64) December 31, 2020 (621) (5,273) (8,199) (4,495) (18,588) Current portion (621) (229) (8,115) (4,495) (13,460) Non-current portion — (5,044) (84) — (5,128) January 1, 2021 (621) (5,273) (8,199) (4,495) (18,588) Arising during the year (74) (2,329) (17,860) (1,862) (22,125) Utilised 161 31 13,258 1,736 15,186 Discount rate adjustment and imputed interest (change in estimates) — (145) 4 — (141) Unused amounts reversed 488 226 580 (2) 1,292 Arising due to acquisitions of subsidiaries (207) — (159) (3) (369) Other (1) — (18) (3) (22) December 31, 2021 (254) (7,490) (12,394) (4,629) (24,767) Current portion (254) (284) (12,312) (4,629) (17,479) Non-current portion — (7,206) (82) — (7,288) January 1, 2022 (254) (7,490) (12,394) (4,629) (24,767) Arising during the year (88) (2,118) (23,513) (5,766) (31,485) Utilised 24 68 17,537 3,069 20,698 Discount rate adjustment and imputed interest (change in estimates) — (173) — — (173) Unused amounts reversed 132 4,597 205 6 4,940 Arising due to acquisitions of subsidiaries (117) — (160) (7) (284) Other — 20 — 6 26 December 31, 2022 (303) (5,096) (18,325) (7,321) (31,045) Current portion (303) (133) (16,000) (7,321) (23,757) Non-current portion — (4,963) (2,325) — (7,288)

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Dec. 31, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	27. FAIR VALUE OF FINANCIAL INSTRUMENTS A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Financial assets include, in particular, cash and cash equivalents, trade and other receivables, bank loans to customers, investments (mainly deposits with original maturity of more than three months, originated loans other than bank loans to customers as well as debt securities) and derivative financial assets. Financial liabilities generally substantiate claims for repayment in cash or another financial asset. In particular, this includes bonds, trade and other payables, bank loans, lease obligations and derivative financial liabilities. Financial instruments are recognized as soon as the Group becomes a party to the contractual provision of the instrument. Financial assets and financial liabilities are recognized initially at fair value plus transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability, except for a financial asset or liability accounted for at fair value through profit or loss, in which case transaction costs are expensed. Subsequently they are measured either at amortized cost or fair value depending on the classification of those assets and liabilities. Financial assets can be classified as 1) financial assets at amortized cost; 2) financial assets at fair value through other comprehensive income; 3) financial assets at fair value through profit or loss. If the financial assets are held for collecting contractual cash flows in the form of principal and interest on the specified dates, it is classified as carried at amortized cost. If the financial assets are held not only for collecting contractual cash flows in the form of principal and interest on the specified dates, but also for potential sale, they are classified as measured at fair value through other comprehensive income. All other financial assets are classified as measured at fair value through profit or loss. Financial liabilities can be classified as measured at fair value or at amortized costs. The Group measures its derivative instruments, contingent consideration recognized in business combination as well as liability under put option agreement at fair value. All other financial liabilities of the Group are measured at amortized cost. Derivative instruments activities Gains and losses from changes in the fair value of derivative instruments are recorded immediately in profit or loss. Assets and liabilities related to multiple derivative contracts with one counterparty are not offset by the Group. Liability under put option agreement Netting Fair value of financial instruments Level 1 – Quoted prices in active markets for identical assets or liabilities; Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities; Level 3 – No observable pricing inputs in the market. Financial assets and financial liabilities are classified in the three-tier hierarchy based on the lowest level of input that is significant to the fair value measurements. The Group’s assessment of the significance of a particular input to the fair value measurements requires judgment which may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy. 1. Financial assets of the Group December 31, 2022 2021 Cash and cash equivalents (Note 13) 78,292 40,590 Trade and other receivables (Note 17) 38,058 39,795 Accounts receivable, related parties (Note 30) 4,410 7,287 Other financial assets: Financial assets at amortized cost: Deposits and loans issued 238,816 208,018 Notes 3,096 9,158 Other 4,031 2,138 Total financial assets at amortized cost 245,943 219,314 Financial assets at fair value through profit or loss: Securities (notes, shares and other) 23,815 46,780 Investments in equity 2,208 1,228 Derivative instruments 761 4,627 Contingent consideration (Note 10) 473 1,867 Call and put options 112 112 Embedded derivatives in a lease agreement 82 434 Currency forwards, swaps and options not designated as hedges — 110 Total financial assets at fair value through profit or loss 27,451 55,158 Financial assets at fair value through other comprehensive income: Notes 22,394 — Total financial assets at fair value through other comprehensive income 22,394 — Total other financial assets 295,788 274,472 Total financial assets 416,548 362,144 Less current portion (262,767) (224,862) Total financial assets, non-current 153,781 137,282 2. Financial liabilities of the Group December 31, 2022 2021 Trade and other payables 67,166 72,078 Accounts payable, related parties (Note 30) 1,451 4,107 Other financial liabilities: Financial liabilities at amortized cost: Bank and other loans (Note 23) 290,211 270,143 Bank deposits and liabilities(Note 29) 273,141 221,368 Notes (Note 23) 195,929 191,996 Lease obligations (Note 24) 143,502 154,509 Total financial liabilities at amortized cost 902,783 838,016 Financial liabilities at fair value through profit or loss: Call and put ptions (Note 4) 2,780 — Securities (notes, shares and other) 2,450 — Contingent consideration and other 1,220 383 Total financial liabilities at fair value through profit or loss 6,450 383 Total other financial liabilities 909,233 838,399 Total financial liabilities 977,850 914,584 Less current portion (469,701) (413,990) Total financial liabilities, non-current 508,149 500,594 The fair value measurement of the Group’s derivative instruments and securities (Level 2 assets and liabilities) is based on the observable yield curves for similar instruments and represents the estimated amount the Group would receive or pay to terminate these agreements at the reporting date, taking into account current interest rates, foreign exchange spot and forward rates. The fair value measurement of the Group’s Level 3 assets and liabilities is based on the construction of business models using forecasts and assumptions based on the Group's internal estimates. The liability under put option agreement for redeemable non-controlling interests in Gulfstream in the amount of RUB 2,081 million as of December 31, 2022 is measured at fair value using a discounted cash flow technique. The most significant quantitative inputs used to measure its fair value are presented in the table below: December 31, Unobservable inputs 2022 Discount rate 15 % Revenue growth rate 20.7–22.4 % (av. 21.5%) OIBDA margin 7.0–10.5 % (av. 8.7%) The liability under put option agreement for redeemable non-controlling interests in Webinar in the amount of RUB 700 million as of December 31, 2022 is measured at fair value using a discounted cash flow technique. The most significant quantitative inputs used to measure its fair value are presented in the table below: December 31, Unobservable inputs 2022 Discount rate 14.4 % Revenue growth rate 29.3 - 24.9 % (av. 27.1%) Other Level 3 assets and liabilities measured at fair value are individually insignificant. The table below presents the fair value of financial instruments carried at fair value within the statement of financial position: December 31, Level of inputs 2022 2021 Assets Notes Level 1 21,715 25,687 Securities (notes, shares and other) Level 2 24,494 21,093 Derivative instruments Level 2 761 4,737 Cross-currency swaps 719 4,627 interest rate swaps 42 Currency forwards, swaps and options — 110 Embedded derivatives in a lease agreement Level 2 82 434 Investments in equity Level 3 2,208 1,228 Contingent consideration Level 3 473 1,867 Call and put options Level 3 112 112 Liabilities Securities (notes, shares and other) Level 2 (2,450) — Call and put options (Note 4) Level 3 (2,780) — Contingent consideration and other Level 3 (1,220) (383) Net realized gains and losses of Level 3 assets and liabilities resulting from fair value measurements were included in other non-operating (income)/loss and loss from discontinued operations in the consolidated statements of profit or loss in the following amounts: For the years ended December 31, 2022 2021 2020 Net realized gains of Level 3 assets 1,032 2,263 3,083 Net realized losses of Level 3 liabilities (40) (420) (20) 992 1,843 3,063 Net unrealized gains and losses of Level 3 assets and liabilities resulting from fair value measurements were included in other non-operating (income)/loss in the consolidated statements of profit or loss in the following amounts: For the years ended December 31, 2022 2021 2020 Net unrealized (losses)/gains of Level 3 assets (1,446) 385 1,130 Net unrealized (losses)/gains of Level 3 liabilities (3,657) 391 (39) (5,103) 776 1,091 Financial instruments at amortised cost The carrying value of the Group’s financial instruments accounted for at amortized cost approximates their fair value due to their short-term nature and market interest rates, except for bank deposits and loans to customers and borrowings, gross of debt issuance cost, as disclosed in the table below: December 31, 2022 December 31, 2021 Level of Carrying Carrying inputs Fair value value Fair value value Bank deposits and loans to customers Level 3 236,485 234,334 210,623 205,936 Total bank deposits and loans to customers 236,485 234,334 210,623 205,936 Notes Level 1 (145,143) (145,565) (173,903) (174,984) Notes Level 2 (22,203) (23,365) — — Unquoted notes Level 3 (27,000) (27,000) (17,012) (17,012) Bank and other loans (Note 23) Level 3 (289,735) (290,211) (267,405) (270,143) Total borrowings (484,081) (486,141) (458,320) (462,139) During the year ended December 31, 2022, Eurobonds of Russian issuers held by MTS Bank, accounted for at fair value, in amount of RUB 2,233 million were transferred in the hierarchy level from Level 1 to Level 2 due to the Moscow Exchange suspension of main trading mode for these securities. There were no transfers between levels of inputs within the hierarchy for the years ended December 31, 2021 and 2020. During the year ended December 31, 2022, corporate, bank and government debt securities held by MTS Bank, accounted for at fair value, in amount of RUB 24,770 million as of December 31, 2021, were transferred from the category “financial assets at fair value through profit or loss” to the “financial assets at fair value through other comprehensive income” due to the change in investment policy, reviewed to include both sale and receipt of contractual cash flows for the reclassified securities. At the date of reclassification, the fair value of the securities remained unchanged. As of December 31, 2022, the fair value of reclassified securities amounted to RUB 22,394 million. Interest income on reclassified securities for the year ended December 31, 2022 amounted to RUB 1,663 million. There were no transfers between the accounting categories of financial instruments for the years ended December 31, 2021 and 2020.

FINANCIAL RISK MANAGEMENT

FINANCIAL RISK MANAGEMENT	12 Months Ended
FINANCIAL RISK MANAGEMENT	Dec. 31, 2022
FINANCIAL RISK MANAGEMENT
FINANCIAL RISK MANAGEMENT	28 As part of its business the Group is exposed to several types of financial risks: capital risk (mainly by MTS Bank), market risks, credit (or counterparty) risks, and liquidity risks. Risks mitigating activities are mainly performed at the Group headquarters by the corporate finance personnel and are subject to the approval of the Group’s supervisory bodies – the Board of Directors and its Budget Committee. Capital risk MTS Bank, a subsidiary of the Group, is subject to regulations of the Central Bank of Russia which require that banks comply with minimum capital adequacy ratios calculated on the basis of statutory standalone financial statements as follows: - - - MTS Bank meets the requirements established by the CBR. As of December 31, 2022 and 2021, the capital adequacy ratio of MTS Bank in accordance with CBR requirements were: - - - Market risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate due to changes in market prices. The Group is primarily exposed to the following types of market risks: interest rate risk and currency exchange rates fluctuations. Financial instruments affected by market risk include loans and borrowings, deposits, accounts payable and accounts receivables denominated in foreign currencies and derivative financial instruments. The sensitivity analyses in the following sections relate to the financial position as of December 31, 2022 and 2021. Interest rate risks Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in market interest rates. The Group manages its interest rate risk by having a balanced portfolio of fixed and variable rate loans and borrowings. Fixed interest rate risk A part of the Group’s notes denominated US Dollars and Rubles bear fixed interest rates. To eliminate the exposure of changes in the value of debt obligations, the Group enters into fixed-to-variable cross-currency and interest rate swap agreements. In aggregate, the Group entered into fixed-to-variable cross-currency and interest rate swap agreements designated to manage the exposure of changes in value of the debt related to 10.6% and 8.3% of the Group’s notes and bank loans with fixed rates outstanding as of December 31, 2022 and 2021. The notional amounts of interest rate derivative instruments outstanding amounted to RUB 25,000 million and RUB 22,288 million as of December 31, 2022 and 2021, respectively. Sensitivity analysis A reasonably possible increase of 100 basis points in short term interest rates would have resulted in RUB 2,157 million, RUB 1,523 million and RUB 1,166 million future increases of interest expense for the years ended December 31, 2022, 2021 and 2020, respectively. The same decrease in short term interest rates would have resulted in RUB 2,157 million, RUB 1,523 million and RUB 1,166 million future decreases of interest expenses for the years ended December 31, 2022, 2021 and 2020, respectively. There will be no material impact on equity. The interest rate sensitivity analysis was performed based on a constant level of fixed and floating rate debt. Foreign currency risks Foreign currency risk is the risk that the fair value of financial instruments will fluctuate because of changes in foreign exchange rates. The Group’s exposure to these changes in foreign exchange rates relates primarily to the Group’s financing activities. The Group manages its currency risk by operation derivatives and by using money market instruments. The Group has entered into several cross-currency swap agreements. These contracts are mainly designated to manage the exposure of changes in currency exchange rate. The contracts assumed periodic exchange of principal and interest payments from RUB-denominated amounts to USD-denominated amounts at a specified exchange rate. The exchange rate was determined by the market spot rate upon issuance. Cross-currency interest rate swap contracts mature in 2023-2024. In aggregate the Group entered into cross-currency interest rate swap agreements designated to manage the exposure of changes in currency exchange rate for nil and 66.8% of its USD-denominated notes and bank loans outstanding as of December 31, 2022 and 2021 respectively. The notional amounts of currency derivative instruments amounted to nil and RUB 22,288 million as of December 31, 2022 and 2021 respectively. The Group has entered into currency forward and swaps agreements to minimize the foreign currency risk. The contracts assumed the purchase or sale of the agreed amount of currency at a specified exchange rate and on a specific date. The rate was determined by the market spot rate upon issuance. As the result of currency forward and swap agreements, unfulfilled as of December 31, 2022, 2021 and 2020, the Group recognized RUB 617 million loss, RUB 83 million loss and RUB 1,136 million gain the consolidated statement of profit and loss for the years ended December 31, 2022, 2021 and 2020, respectively. The notional amounts of currency forward and swap instruments, unfulfilled as of December 31, 2022 and 2021, amounted to RUB 3,145 million and RUB 9,993 million, respectively. As of December 31, 2022 and 2021 the carrying amounts of the Group’s foreign currency denominated monetary assets and monetary liabilities are as follows: December 31, 2022 December 31, 2021 Assets, Liabilities, Assets, Liabilities, RUB mln RUB mln RUB mln RUB mln USD 24,720 48,917 44,251 49,960 EUR 7,880 14,315 3,359 10,106 The following tables demonstrate the sensitivity of profit before tax to a reasonably possible change in USD and EUR exchange rates, with all other variables held constant. USD - effect on EUR - effect on Change profit before tax Change profit before tax in rate, USD RUB mln in rate, EUR RUB mln 2022 +15% (3,630) +15% (965) -15% 3,630 -15% 965 2021 +15% (856) +15% (1,012) -15% 856 -15% 1,012 2020 +10% 786 +10% (682) -10% (1,291) -10% 682 The movement in the pre-tax effect is a result of a change in monetary assets and liabilities denominated in US dollars and Euro, where the functional currency of the entity is a currency other than US dollars and Euro. There will be no material impact on equity. The Group’s exposure to foreign currency changes for all other currencies is not material. MTS Bank credit limits committee determines stop-loss limits related to security portfolio and to foreign exchange transactions, as well as limits for net foreign exchange position. The limits for net foreign exchange position conform fully to CBRF requirements. Monitoring of adherence to the limits restricting the amount of MTS Bank’s market risk is performed day-to-day. Liquidity risk Liquidity risk is the risk of a shortage of funds. The Group’s policy is to borrow centrally using a mixture of long-term and short-term borrowing facilities. These borrowings, together with cash generated from operations are utilized to meet anticipated funding requirements. The Group assessed the concentration of risk with respect to refinancing its debt and determined it to be of low level. The Group manages liquidity risk on long-term borrowings by maintaining a varied maturity profile and a required net debt position, therefore minimizing the refinancing risk. Long-term borrowings mature between one and Securities held by MTS Bank which are accounted for at fair value through other comprehensive income and investments at amortized cost are included in liquidity analysis on the basis of remaining maturity. Most of these securities are included in the CBR Lombard list and if required may be used to obtain Repurchase Agreement (REPO) financing from the CBR. MTS Bank’s demand for medium-term liquidity is fully satisfied by the availability of interbank loans and customer deposits (obtaining new and prolongating existing deposits), secured loans and conclusion of REPO agreements. Analysis of the liquidity and interest rate risks of MTS Bank is presented in Note 29. As at December 31, 2022, the Group’s consolidated current liabilities exceeded current assets by RUB 250,461 million. The management believes the Group has sufficient existing and continuing access to liquidity through both operating cash flows and the availability of committed credit facilities of RUB 206,099 million (Note 23). Credit risk Credit risk is the risk that the counterparty will not meet its obligations arising from entering into financial instrument, leading to a financial loss. In accordance with IFRS 9 the Group records an allowance for expected credit losses (ECL) for all financial assets not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due under the contract and all cash flows that the Group expects to receive. The shortfall is discounted at an approximation to the asset’s original effective interest rate. The expected credit-loss approach uses three stages for allocating impairment losses: Stage 1: expected credit losses within the next twelve months Stage 1 includes all contracts with no significant increase in credit risk since initial recognition and usually contains new contracts that are fewer than 31 days past due date. The portion of the lifetime expected credit losses resulting from default events possible within the next 12 months is recognized. Stage 2: expected lifetime credit losses – not credit impaired If a financial asset has a significant increase in credit risk since initial recognition but is not yet credit impaired, it is moved to stage 2 and measured at lifetime expected credit loss. This is defined as the expected credit loss that results from all possible default events over the expected life of the financial instrument. In all cases, the Group considers that there has been a significant increase in credit risk when the contractual payment is more than 30 days past due. Stage 3: expected lifetime credit losses – credit impaired If a financial asset is defined as credit impaired or in default, it is transferred to stage 3 and measured at lifetime expected credit loss. Objective evidence for a credit-impaired financial asset includes 91 days past due date as well as other information indicating significant financial difficulties of the borrower. The Group considers a financial asset to be in default when the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realizing security (if any is held). The determination of whether a financial asset has experienced a significant increase in credit risk is based on an assessment of the probability of default, which is made at least quarterly, incorporating external credit rating information as well as internal information on the credit quality of the financial asset. For debt instruments that are not receivables from financial services, a significant increase in credit risk is assessed mainly based on past-due information. For contract assets, trade and other receivables, a simplified approach is applied whereby ECL are initially measured over the lifetime of the instrument. The Group considers its exposure to credit risk as of December 31, 2022, and 2021 to be as follows: December 31, 2022 2021 Deposits and loans issued 238,816 208,018 Cash and cash equivalents 78,292 40,590 Securities (notes, shares and other) 49,305 54,988 Trade and other receivables 38,058 39,795 Derivative financial instruments 2,208 5,171 Contingent consideration 843 1,867 Investments in equity 473 1,228 Call and put options 112 112 Other 4,031 3,088 412,138 354,857 Information on the Group’s exposure to credit risk on guarantees issued and commitments on loans of MTS Bank is presented in Note 29. In accordance with the provisions of the internal Group regulations on allocate of free funds, the aggregate credit risk exposure the Group may have to one counterparty is limited. The Group maintains a mixture of cash and cash equivalents, investments, derivatives and certain other financial instruments within various financial institutions. Those are approved as required by internal procedure related to selection of financial institutions to allocate funds. MTS Bank performs daily monitoring of future expected cash flows on the operations of both clients and banks, which is a part of the management process of assets and liabilities. The credit risk exposure is monitored on a regular basis to ensure that the credit limits and credit worthiness guidelines established by the MTS Bank’s risk management policy are not breached. Concentrations of credit risk with respect to trade receivables are limited given that the Group’s customer base is large and unrelated. Therefore, management believes there is no further credit risk provision required in excess of the normal provision for bad and doubtful receivables.

BANK FINANCIAL ASSETS AND LIABI

BANK FINANCIAL ASSETS AND LIABILITIES	12 Months Ended
BANK FINANCIAL ASSETS AND LIABILITIES	Dec. 31, 2022
BANK FINANCIAL ASSETS AND LIABILITIES
BANK FINANCIAL ASSETS AND LIABILITIES	29. To present the influence of current macroeconomic conditions the Group refined main approaches, which have the most significant influence on the amounts reflected in consolidated financial statements, to valuation of the level of expected credit losses on bank loans. Loans to corporate customers: 1. As of December 31, 2022 the Group has updated macroeconomic scenarios for Probability of default (PD) model using the updated macroeconomic forecasts by the Central Bank of Russian Federation and World Bank; 2. Decrease of risk appetite caused by: - Enhancement of authorization procedures for new loans and tranches for existing lines of credit; - Review of new loan applications in light of stressful scenario of economic development according to budget and business plan; - Tendency to replace revolving and non-revolving lines of credit with products that have more preferable risk profile, like overdrafts and factoring; - Launch of enhanced monitoring of existing borrowers. Loans to individuals, small and medium businesses: 1. As of December 31, 2022 the PD model considered the effect of macroeconomic situation and its impact on the portfolio behavior; 2. Decrease of risk appetite caused by: - Review of new loan applications in light of stressful scenario of economic development; - Launch of enhanced monitoring of existing borrowers; - Launch of restructuring programs for troubled borrowers. Bank deposits and loans to customers The table below represents the structure and amounts of current and non-current bank deposits and loans to customers as of December 31, 2022 and 2021. December 31, 2022 2021 Loans to customers 267,700 223,566 Due from banks 3,432 3,514 Allowance for ECL (36,798) (21,144) Total bank deposits and loans to customers, net 234,334 205,936 Less: current portion (96,135) (87,594) Bank deposits and loans to customers, non-current 138,199 118,342 The structure and amounts of bank loans to customers as of December 31, 2022 and 2021 is presented in the table below: December 31, 2022 2021 Loans to legal entities Corporate borrowers 16,132 28,409 Medium-sized enterprises and small businesses 1,454 1,706 Total loans to legal entities 17,586 30,115 Loans to individuals Mortgage loans 22,730 16,553 Consumer loans 168,024 139,766 Credit cards 59,315 36,933 Other 45 200 Total loans to individuals 250,114 193,452 Due from banks Time deposits with banks 1,175 1,781 Obligatory reserves with the Central Banks 2,257 1,733 Total due from banks 3,432 3,514 Total bank deposits and loans to customers 271,132 227,081 Less: allowance for expected credit losses (36,798) (21,144) Total bank deposits and loans to customers, net 234,334 205,937 The table below summarizes carrying value of loans to customers aggregated by types of collateral obtained by the Group: December 31, 2022 2021 Pledge of real estate 26,012 19,115 Guaranties 9,085 22,380 Securities 131 284 Pledge of equipment — 1 Unsecured loans 232,472 181,787 Allowance for expected credit losses (36,654) (21,114) Total loans to customers, net 231,046 202,453 The balances above do not necessarily reflect the fair value of collateral received. Movements in the allowance for impairment losses attributable to bank deposits and loans to customers for the year ended December 31, 2022 and 2021 are presented in the table below: Loans to Due from customers banks Total Balance as at January 1, 2022 21,114 30 21,144 Provision charge/release 22,490 155 22,645 Recovery of previously written-off assets 522 — 522 Bad debt written-off (3,735) (41) (3,776) Sale of loans (3,226) — (3,226) Other movements (511) — (511) Balance as at December 31, 2022 36,654 144 36,798 Loans to Due from customers banks Total Balance as at January 1, 2021 16,436 10 16,446 Provision charge/release 11,046 20 11,066 Recovery of previously written-off assets 1,557 — 1,557 Bad debt written-off (3,361) — (3,361) Sale of loans (4,324) — (4,324) Other movements (240) — (240) Balance as at December 31, 2021 21,114 30 21,144 Movements in provision for expected credit losses on loans to legal entities for the year ended December 31, 2022 and 2021 were as follows: Stage 1 Stage 2 Stage 3 Total Balance as at January 1, 2022 818 25 2,295 3,138 - Transfer to stage 1 29 (28) (1) — - Transfer to stage 2 (135) 136 (1) — - Transfer to stage 3 — (89) 89 — New financial assets originated or purchased 194 — — 194 Change due to change of credit risk (57) 46 (184) (195) Sale of loans — — (6) (6) Write-offs — — (15) (15) Recovery of previously written-off assets — — 235 235 Other movements (635) — 124 (511) Balance as at December 31, 2022 214 90 2,536 2,840 In June 2022 the Group has performed renovation of several loans that were given to legal entities. According to the novation loan claims in amount of 5,106 mln RUB, including allowance for expected credit losses in amount of 635 mln RUB, were replaced with claims on investment property. As of December 31, 2022 these claims in amount of 2,361 mln RUB, including allowance for expected credit losses in amount of 619 mln RUB, were included in Other assets. Stage 1 Stage 2 Stage 3 Total Balance as at January 1, 2021 899 141 2,704 3,744 - Transfer to stage 1 119 (119) — — - Transfer to stage 2 (46) 49 (3) — - Transfer to stage 3 (105) (26) 131 — New financial assets originated or purchased 317 — — 317 Change due to change of credit risk (126) (20) (1,433) (1,579) Write-offs — — (79) (79) Recovery of previously written-off assets — — 975 975 Other movements (240) — — (240) Balance as at December 31, 2021 818 25 2,295 3,138 Movements in provision for expected credit losses attributable to loans to individuals for the year ended December 31, 2022 and 2021 were as follows: Stage 1 Stage 2 Stage 3 Total Balance as at January 1, 2022 6,093 3,361 8,522 17,976 - Transfer to stage 1 1,844 (1,690) (154) — - Transfer to stage 2 (2,600) 3,086 (486) — - Transfer to stage 3 (115) (10,263) 10,378 — New financial assets originated or purchased 4,644 — — 4,644 Change due to change of credit risk (3,813) 12,497 9,163 17,847 Write-offs — — (3,720) (3,720) Sales — — (3,220) (3,220) Recovery of previously written-off assets — — 287 287 Balance as at December 31, 2022 6,053 6,991 20,770 33,814 Stage 1 Stage 2 Stage 3 Total Balance as at January 1, 2021 3,099 1,446 8,147 12,692 - Transfer to stage 1 1,809 (1,633) (176) — - Transfer to stage 2 (939) 1,220 (281) — - Transfer to stage 3 (278) (4,691) 4,969 — New financial assets originated or purchased 3,821 — — 3,821 Change due to change of credit risk (1,419) 7,019 2,887 8,487 Write-offs — — (3,282) (3,282) Sales — — (4,324) (4,324) Recovery of previously written-off assets — — 582 582 Balance as at December 31, 2021 6,093 3,361 8,522 17,976 The following valuation categories represent the Group’s classification of credit quality of the loans: ● Low to fair risk ● Monitoring ● Impaired The table below summarizes information regarding the quality of loans to individuals: As of December 31, 2022 Stage 1 Stage 2 Stage 3 Total Low to fair risk 197,198 16,268 — 213,466 Monitoring — 8,105 5,034 13,139 Impaired — — 23,509 23,509 Loss allowance (6,053) (6,991) (20,770) (33,814) Total 191,145 17,382 7,773 216,300 As of December 31, 2021 Stage 1 Stage 2 Stage 3 Total Low to fair risk 174,667 756 — 175,423 Monitoring — 7,125 832 7,957 Impaired — — 10,072 10,072 Loss allowance (6,093) (3,361) (8,522) (17,976) Total 168,574 4,520 2,382 175,476 The table below summarizes information regarding the quality of loans to legal entities: As of December 31, 2022 Stage 1 Stage 2 Stage 3 Total Low to fair risk 9,928 4,236 — 14,164 Monitoring 179 191 — 370 Doubtful — — 2 2 Impaired — — 3,050 3,050 Loss allowance (214) (90) (2,536) (2,840) Total 9,893 4,337 516 14,746 As of December 31, 2021 Stage 1 Stage 2 Stage 3 Total Low to fair risk 20,575 721 — 21,296 Monitoring 5,700 72 — 5,772 Doubtful — — 767 767 Impaired — — 2,280 2,280 Loss allowance (818) (25) (2,295) (3,138) Total 25,457 768 752 26,977 Analysis by credit quality of loans to individuals outstanding as of December 31, 2022 is as follows: Provision for Provision for ECL to As of December 31, 2022 Gross loans ECL Net loans gross loans Collectively assessed Not past due 213,465 (9,922) 203,543 5 % Overdue: up to 30 days 6,203 (1,718) 4,485 28 % 31 to 60 days 3,588 (1,904) 1,684 53 % 61 to 90 days 3,037 (1,930) 1,107 64 % 91 to 180 days 6,578 (4,779) 1,799 73 % over 180 days 16,775 (13,513) 3,262 81 % Total collectively assessed loans 249,646 (33,766) 215,880 14 % Individually impaired Not past due 308 (18) 290 6 % Overdue: up to 30 days — — — 0 % 31 to 60 days 3 — 3 0 % 61 to 90 days — — — 0 % 91 to 180 days 18 — 18 0 % over 180 days 139 (30) 109 22 % Total individually impaired loans 468 (48) 420 10 % Total 250,114 (33,814) 216,300 14 % Analysis by credit quality of loans to medium-sized enterprises and small businesses outstanding as of December 31, 2022 is as follows: Provision for Provision for ECL to As of December 31, 2022 Gross loans ECL Net loans gross loans Collectively assessed Not past due 760 (10) 750 1 % Overdue: up to 30 days 20 (4) 16 18 % 31 to 60 days 17 (16) 1 91 % 61 to 90 days 7 (6) 1 82 % 91 to 180 days 29 (25) 4 87 % over 180 days 621 (446) 175 72 % Total collectively assessed loans 1,454 (507) 947 35 % Analysis by credit quality of loans to individuals outstanding as of December 31, 2021 is as follows: Provision for Provision for ECL to gross As of December 31, 2021 Gross loans ECL Net loans loans Collectively assessed Not past due 175,422 (6,297) 169,125 4 % Overdue: up to 30 days 3,989 (1,090) 2,899 27 % 31 to 60 days 2,007 (1,240) 767 62 % 61 to 90 days 1,584 (1,093) 491 69 % 91 to 180 days 3,248 (2,499) 749 77 % over 180 days 6,641 (5,659) 982 85 % Total collectively assessed loans 192,891 (17,878) 175,013 9 % Individually impaired Not past due 364 (22) 342 6 % Overdue: up to 30 days — — — 0 % 31 to 60 days 8 — 8 0 % 61 to 90 days 3 (1) 2 33 % 91 to 180 days 5 (1) 4 20 % over 180 days 181 (74) 107 41 % Total individually impaired loans 561 (98) 463 17 % Total 193,452 (17,976) 175,476 9 % Analysis by credit quality of loans to medium-sized enterprises and small businesses outstanding as of December 31, 2021 is as follows: Provision for Provision for ECL to gross As of December 31, 2021 Gross loans ECL Net loans loans Collectively assessed Not past due 1,079 (22) 1,057 2 % Overdue: up to 30 days 19 (8) 11 42 % 31 to 60 days 15 (14) 1 93 % 61 to 90 days 11 (10) 1 91 % 91 to 180 days 14 (11) 3 79 % over 180 days 568 (374) 194 66 % Total collectively assessed loans 1,706 (439) 1,267 26 % Bank deposits and liabilities The table below represents the structure and amounts of current and non-current bank deposits and liabilities as of December 31, 2022 and 2021. December 31, 2022 2021 Customer accounts 249,696 192,177 Due to banks and other financial institutions 10,984 21,430 Debt securities issued 10,481 5,581 Other financial liabilities 1,980 2,180 Total bank deposits and liabilities 273,141 221,368 Less: current portion (260,744) (207,055) Total bank deposits and liabilities, non-current 12,397 14,313 The structure and amounts of customer accounts of December 31, 2022 and 2021 are presented below: December 31, 2022 2021 Legal entities - Current/settlement accounts 40,276 13,311 - Term deposits 67,469 63,003 Individuals - Current/settlement accounts 30,767 20,654 - Term deposits 111,184 95,209 Total customer accounts 249,696 192,177 The structure and amounts of due to banks as of December 31, 2022 and 2021 are presented below: December 31, 2022 2021 Loans under repurchase agreements 4,002 9,333 Loans and term deposits from banks and other financial institutions 1,894 9,474 Correspondent accounts of other banks 5,088 2,623 Total due to banks 10,984 21,430 Loans under repurchase agreements were secured by the following collateral: ● Securities measured at fair value through profit/loss with the value of RUB 0 million and RUB 1,946 million as of December 31, 2022 and 2021 respectively; ● Securities measured at amortized cost with the value of RUB 0 million and RUB 8,624 million as of December 31, 2022 and 2021 respectively; ● Securities measured at fair value through other comprehensive income with the value of RUB 4,456 million and RUB 0 million as of December 31, 2022 and 2021 respectively. In November 2015, MTS Bank received a subordinated debt of RUB 7,246 million in the form of OFZ from the state corporation DIA with the date of maturity January 22, 2025. In accordance with the terms of the contract, MTS Bank should return the securities to the creditor at the end of the contract period. The Group does not recognize the securities and the obligation to return them to the creditor in the consolidated statement of financial position as of December 31, 2022 and 2021. In accordance with the contract, MTS Bank should comply with certain covenants with respect to capital, loan portfolio, employee benefits. If the above conditions are not met, DIA may apply penalties to MTS Bank. The contract also includes certain restrictions on sale or repledge of the securities by MTS Bank. The securities received from DIA were not pledged as a collateral as of December 31, 2022 and 2021. An analysis of liquidity and interest rate risk inherent to bank assets as of December 31, 2022 and 2021 is presented in the following table. The following tables, based on the information provided to the management of the Group, reflect the structure of assets and liabilities in accordance with the contractual maturity, with the exception of trading securities at fair value through other comprehensive income. In the liquidity analysis, the deposits of individuals are disclosed by maturities in accordance with the agreement. According to Russian legislation these deposits can be withdrawn upon a request within 1 month. However, on the basis of the analysis of the Group’s history and experience, such deposits are extended rather than withdrawn. Additionally, on the ground of the Group’s forecasts based on different behaviour of deposit holders, the scenario of withdrawing all deposits within a horizon up to 1 month is considered as extremely stressed and is not used for liquidity management and, thus, for financial statements disclosure. Up to 1 month to 3 months to 1 year to Over Maturity As of December 31, 2022 1 month 3 months 1 year 5 years 5 years undefined Total Financial assets Cash and cash equivalents 20,117 — — — — — 20,117 Financial assets at fair value through other comprehensive income 377 1,215 665 10,971 8,355 812 22,395 Financial assets at fair value through profit or loss 697 — — — — — 697 Loans to customers 10,967 19,970 61,906 112,482 19,554 6,167 231,046 Investments in securities 9 211 1,286 1,299 — — 2,805 Total interest bearing financial assets 32,167 21,396 63,857 124,752 27,909 6,979 277,060 Cash and cash equivalents 38,103 — — — — — 38,103 Financial assets at fair value through profit or loss — — — — — — — Due from banks — — — — — 3,427 3,427 Other financial assets 4,038 7 3 — — 2,300 6,348 Total non-interest bearing financial assets 42,141 7 3 — — 5,727 47,878 Total financial assets 74,308 21,403 63,860 124,752 27,909 12,706 324,938 The Group stable sources of funding as: ● OFZ received from the SC DIA, reflected on off-balance accounts, but recorded in the report as stable sources of financing with a maturity of up to 1 month ( 5% discount from the current market price was also applied to them); ● Investments into debt securities measured at fair value through profit and loss. The amount of investments attributed in the table for a period of up to 30 days is adjusted, based on the following approach: for securities included in the Lombard List of the CBR, 85% of the investments amount is assigned for a period of up to 30 days; all others – to maturity. The possibility of attracting liquidity for direct REPO transactions with an effective discount of 15% is simulated; ● Investments into securities measured at amortized cost and fair value through other comprehensive income: for investments included in the CBR Lombard List, which are adjusted for a 15% discount, are recognized as stable sources of financing. These securities are classified as measured at amortized cost. The Group does not plan to dispose of these securities under the current business model, but can sell them with a repurchase obligation (under a direct REPO transaction) to satisfy liquidity needs in times of stress; ● Time deposits of individuals: a part of the planned deposits amounts is reflected within stable sources of funding, as the Group expects that they will be either prolonged or replaces. Shares are determined in accordance with the conservative estimate based on scenario modeling, which does not contradict current historical statistics; ● Settlement accounts of individuals and legal entities: a part of small account amounts in accordance with the conservative estimate of the level of settling balances are reflected under stable sources of funding, as the Group expects that there will be neither movement nor replacement among these amounts. Shares are determined in accordance with the conservative estimate based on scenario modeling, which does not contradict current historical statis. Up to 1 month to 3 months to 1 year to Over 5 Maturity As of December 31, 2022 1 month 3 months 1 year 5 years years undefined Total Financial liabilities Due to banks and other financial institutions (6,220) — — (64) — — (6,284) Customer accounts (52,665) (18,956) (107,500) (7,316) — — (186,437) Debt securities issued (322) (114) (5,057) (4,988) — — (10,481) Lease obligations (22) (45) (222) (393) (3) — (685) Total interest bearing financial liabilities (59,229) (19,115) (112,779) (12,761) (3) — (203,887) Due to banks and other financial institutions (4,700) — — — — — (4,700) Customer accounts (62,546) — — — — (713) (63,259) Other financial liabilities (2,277) (297) (2,446) — — — (5,020) Total non-interest bearing financial liabilities (69,523) (297) (2,446) — — (713) (72,979) Total financial liabilities (128,752) (19,412) (115,225) (12,761) (3) (713) (276,866) Liquidity gap (54,444) 1,991 (51,365) 111,991 27,906 Stable sources of funding 88,179 (22,598) 56,312 (19,814) (102,092) Net liquidity gap 33,748 (20,607) 4,947 92,177 (74,186) Cumulative liquidity gap 33,748 13,141 18,088 110,265 36,079 Up to 1 month to 3 months to 1 year to Over Maturity As of December 31, 2021 1 month 3 months 1 year 5 years 5 years undefined Total Financial assets Financial assets at fair value through profit or loss 24,769 — — — — 1 24,770 Due from banks 1,781 — — — — — 1,781 Loans to customers 9,985 18,848 50,342 109,949 11,346 1,983 202,453 Investments in securities 9 514 5,555 2,808 — — 8,886 Total interest bearing financial assets 36,544 19,362 55,897 112,757 11,346 1,984 237,890 Cash and cash equivalents 15,974 — — — — — 15,974 Due from banks — — — — — 1,733 1,733 Other financial assets 2,272 6 15 — — 31 2,324 Total non-interest bearing financial assets 18,246 6 15 — — 1,764 20,031 Total financial assets 54,790 19,368 55,912 112,757 11,346 3,747 257,920 Up to 1 1 month to 3 months to 1 year to Over Maturity month 3 months 1 year 5 years 5 years undefined Total Financial liabilities Due to banks and other financial institutions (18,788) — — (19) — — (18,807) Customer accounts (35,294) (13,801) (95,472) (9,114) — — (153,681) Debt securities issued (32) — (350) (5,199) — — (5,581) Lease obligations (17) (44) (200) (471) — — (732) Total interest bearing financial liabilities (54,131) (13,845) (96,022) (14,803) — — (178,801) Due to banks and other financial institutions (2,623) — — — — — (2,623) Customer accounts (38,496) — — — — — (38,496) Other financial liabilities (2,857) (1,147) (2,262) — — — (6,266) Total non-interest bearing financial liabilities (43,976) (1,147) (2,262) — — — (47,385) Total financial liabilities (98,107) (14,992) (98,284) (14,803) — — (226,186) Liquidity gap (43,317) 4,376 (42,372) 97,954 11,346 Stable sources of funding 43,901 (2,392) 43,814 (3,519) (81,804) Net liquidity gap 584 1,984 1,442 94,435 (70,458) Cumulative liquidity gap 584 2,568 4,010 98,445 27,987 Analysis of the liquidity and interest rate risks as of December 31, 2022 and 2021 is presented in the following table. The amounts in the table below represent future aggregate undiscounted cash flows. Weighted average Up to 1 month to 3 months to 1 year to Over Maturity As of December 31, 2022 interest rate 1 month 3 months 1 year 5 years 5 years undefined Total Interest bearing financial liabilities Due to banks 6.9 % (6,230) — — (72) — — (6,302) Customer accounts 8.1 % (53,465) (19,323) (112,681) (13,139) — — (198,608) Debt securities issued 8.9 % (329) (128) (5,561) (5,819) — — (11,837) Lease obligations 8.3 % (22) (46) (234) (479) (6) — (787) Total interest bearing financial liabilities (60,046) (19,497) (118,476) (19,509) (6) — (217,534) Non-interest bearing financial liabilities Due to banks (4,700) — — — — — (4,700) Customer accounts (62,546) — — — — (713) (63,259) Other financial liabilities (2,277) (297) (2,446) — — — (5,020) Total non-interest bearing financial liabilities and commitments (69,523) (297) (2,446) — — (713) (72,979) Total financial liabilities (129,569) (19,794) (120,922) (19,509) (6) (713) (290,513) Weighted average Up to 1 month to 3 months to 1 year to Over Maturity As of December 31, 2021 interest rate 1 month 3 months 1 year 5 years 5 years undefined Total Interest bearing financial liabilities Due to banks 8.4 % (18,788) — (19) — — — (18,807) Customer accounts 6.3 % (35,402) (13,964) (98,665) (10,164) — — (158,195) Debt securities issued 7.3 % (33) — (695) (5,389) — — (6,117) Lease obligations 5.2 % (11) (45) (200) (471) (1) — (728) — — — — — — — Total interest bearing financial liabilities (54,234) (14,009) (99,579) (16,024) (1) — (183,847) Non-interest bearing financial liabilities — — — — — — — Due to banks (2,623) — — — — — (2,623) Customer accounts (38,496) — — — — — (38,496) Other financial liabilities (2,857) (1,147) (2,262) — — — (6,266) Total non-interest bearing financial liabilities and commitments (43,976) (1,147) (2,262) — — — (47,385) Total financial liabilities (98,210) (15,156) (101,841) (16,024) (1) — (231,232) The Group has contingent liabilities (future period obligations) represented by bank guarantees in amount of RUB 18,691 million as at December 31, 2022 (RUB 21,869 million as at December 31, 2021). Information on the maximum amount of credit risk on guarantees issued and commitments on loans is presented below: As of December 31, 2022 Stage 1 Stage 2 Stage 3 Total Commitments on loans 66,258 1,314 57 67,629 Guarantees issued 16,434 1,979 213 18,626 Less provision (826) (25) (192) (1,043) Total commitments on loans and guarantees issued 81,866 3,268 78 85,212 As of December 31, 2021 Stage 1 Stage 2 Stage 3 Total Commitments on loans 36,759 745 33 37,537 Guarantees issued 13,798 2,257 100 16,155 Less provision (687) (15) (50) (752) Total commitments on loans and guarantees issued 49,870 2,987 83 52,940

RELATED PARTIES

RELATED PARTIES	12 Months Ended
RELATED PARTIES	Dec. 31, 2022
RELATED PARTIES
RELATED PARTIES	30. RELATED PARTIES Related parties include the Sistema Public Joint-Stock Financial Corporation or “Sistema”, a shareholder of the Group, subsidiaries and shareholders of Sistema, affiliated companies, associates and joint ventures. Terms and conditions of transactions with related parties – The Group has neither the intent nor the ability to offset the outstanding accounts payable and accounts receivable with related parties under the terms of existing agreements. Balances of related parties’ transactions were as follows: December 31, 2022 2021 ASSETS FROM RELATED PARTIES NON-CURRENT ASSETS: Advances for property, plant and equipment Sistema's subsidiaries 1,211 1,347 Other related parties 11 34 Right-of-use assets, Gross Book Value Sistema's subsidiaries 3,832 4,432 Other related parties 101 111 Right-of-use assets, Accumulated Depreciation Sistema's subsidiaries (1,017) (1,586) Other related parties (48) (46) Other investments Sistema's subsidiaries 3,211 117 The Group’s associates 2,035 625 Other related parties 3 2 Accounts receivable, related parties Sistema's subsidiaries 1,290 5,000 Key management personnel of the Group, its parent and shareholders 477 — Bank deposits and loans to customers Sistema's subsidiarie 693 1,179 Sistema's associates 283 2,587 Other assets Key management personnel of the Group, its parent and shareholders 355 — Total non-current assets 12,437 13,802 CURRENT ASSETS: Accounts receivable, related parties Sistema's subsidiaries 1,502 1,255 The Group’s associates 823 911 Other related parties 318 121 Bank deposits and loans to customers Sistema's subsidiaries 5,550 820 Key management personnel of the Group, its parent and shareholders 341 87 Sistema's associates 287 2,078 Short-term investments Sistema's subsidiaries 4,125 2,377 Sistema, parent company 2,156 1,443 Cash and cash equivalents Sistema's subsidiaries 520 1,311 Other financial assets Sistema, parent company 2,010 1,829 Sistema's subsidiaries 509 300 Other related parties 109 109 Other assets Key management personnel of the Group, its parent and shareholders 1,402 — Sistema's subsidiaries 1,026 1,059 Other related parties 585 83 Total current assets 22,054 13,783 TOTAL ASSETS FROM RELATED PARTIES 34,491 27,585 LIABILITIES TO RELATED PARTIES NON-CURRENT LIABILITIES: Borrowings The Group’s associates 2,745 — Lease obligations Sistema's subsidiaries 3,103 3,968 Other related parties 49 70 Bank deposits and liabilities Key management personnel of the Group, its parent and shareholders 2,920 1,433 Other financial liabilities The Group’s associates 2,081 — Total non-current liabilities 10,898 5,471 CURRENT LIABILITIES: Accounts payable, related parties Sistema's subsidiaries 658 2,756 Sistema's associates 523 632 The Group’s associates 270 711 Other related parties — 8 Borrowings The Group’s associates 454 2,129 Other related parties 12 11 Lease obligations Sistema's subsidiaries 487 551 Other related parties 10 13 Bank deposits and liabilities Key management personnel of the Group, its parent and shareholders 38,276 32,886 Sistema's subsidiaries 26,426 22,312 Sistema's associates 5,797 9,163 Sistema, parent company 946 2,042 Other related parties 470 376 Total current liabilities 74,329 73,590 TOTAL LIABILITIES TO RELATED PARTIES 85,227 79,061 Operating transactions – At the same time, the Group incurred security expenses, roaming and interconnect expenses, transfer of line-cable structures, dismantling equipment expenses, rent expenses and other expenses, and recognized income from scrap metal sales and other operations. 2022 2021 2020 Revenue Sistema's subsidiaries 5,252 4,294 4,371 Sistema's associates 1,013 752 615 The Group's associates 289 622 418 Other related parties 418 691 428 TOTAL REVENUE 6,972 6,359 5,832 Cost of services Sistema's subsidiaries 4,182 2,143 599 Key management personnel of the Group, its parent and shareholders 1,719 1,476 1,830 Sistema, parent company 571 233 141 Other related parties 666 454 272 Selling, general and administrative expenses Key management personnel of the Group, its parent and shareholders 5,079 4,256 2,003 Other related parties 864 812 691 Other operating income / (expense) Sistema's subsidiaries 74 2,831 2,160 Other related parties (1) 59 (13) OPERATING PROFIT / (LOSS) (6,036) (125) 2,443 Finance income / (loss) Sistema's subsidiaries 852 935 1,492 Other related parties (81) (28) 239 Other non-operating income / (expense) The Group's associates (221) — (278) Other related parties (116) 41 — PROFIT BEFORE TAX (5,602) 823 3,896 During the years ended December 31, 2022, 2021 and 2020, the Group acquired property, plant and equipment and intangible assets from the related parties in the amount of: 2021 2021 2020 Sistema's subsidiaries 15,061 10,330 3,324 Sistema's associates 270 2,530 6,299 Other related parties 87 122 239 Total purchases of property, plant and equipment, intangible assets and other assets, related parties 15,418 12,982 9,862 As of December 31, 2022 and 2021, the Group had Contingent liabilities on loans and undrawn credit lines from the related parties in the amount of: December 31, 2022 2021 Sistema's subsidiaries 188 634 Other related parties 41 64 Total contingent liabilities on loans and undrawn credit lines 229 698 Guarantees are contracts that provide compensation if another party fails to perform a contractual obligation. Such contracts do not transfer credit risk. The risk under the performance guarantee contract represents the possibility that an insured event will occur (i.e. another party to the contract fails to perform a contractual obligation). Warranty claims must be made prior to the expiration of the contract. During the years ended December 31, 2022, 2021 and 2020, the Group provided Guarantees and similar commitments to the related parties in the amount of: 2022 2021 2020 Sistema's subsidiaries 658 14 344 Other related parties 976 1,077 679 Total guarantees and similar commitments 1,634 1,091 1,023 Lease payments During the years ended December 31, 2022, 2021 and 2020, the Group made lease payments (capitalized in accordance with IFRS 16) in the amount of RUB 1,240 million, RUB 1,361 million and RUB 1,530 million, respectively, to the related parties. Business Nedvizhimost In December 2021, the Group purchased 5-year 10.8% coupon notes of JSC “Business-Nedvizhimost” or “Business-Nedvizhimost”, in the amount of RUB 2,100 million. The notes were accounted as financial assets at fair value through profit and loss and disclosed within short-term investments in the accompanying consolidated statements of financial position. As of December 31, 2022 and 2021, the investment amounted to RUB 2,105 million and RUB 2,105 million respectively. In April 2022, the Group entered into a novation agreement in respect to the disposal of property to Business Nedvizhimost in 2019. Under the terms of new agreement part of the receivables were converted to a loan with a similar repayment schedule and interest rate. The loan is payable by “Sistema-Invest” JSC, Sistema’s subsidiary. As of December 31, 2022, the amount of the loan was recognized as part of other investments and short-term investments in the accompanying consolidated statements of financial position totaled to RUB 3,095 million and RUB 164 million, respectively. During the year ended December 31, 2022 the Group recognized expenses from discounting in the amount of RUB 380 million as part of financial expenses. Sistema The Group holds Sistema notes that were accounted as financial assets at fair value through profit and loss and disclosed within short-term investments in the accompanying consolidated statements of financial position. As of June December 31, 2022 and 2021, the investment amounted to RUB 1,459 million and RUB 1,443 million respectively. Nvision Group The Group acquires software, services and other intangible assets from Nvision Group, a subsidiary of Sistema The purchases of software, services and other intangible assets during the years ended December 31, 2022 and 2021, amounted to RUB 11,466 million and RUB 7,181 million, respectively. Visionlabs Group In February 2022, the Group purchased of 24% in Visionlabs Group from Sistema Venture Capital Fund I, and since then it is considered a subsidiary instead of related party of the Group. Remuneration of key management personnel Key management personnel of the Group are members of the Board of Directors and Management Board. During the years ended December 31, 2022, 2021 and 2020, their total remuneration amounted to RUB 2,864 million, RUB 2,406 million and RUB 1,309 million, respectively, including social contributions of RUB 730 million, RUB 501 million and RUB 214 million, respectively . The management and directors are also entitled to cash-settled and equity-settled share-based payments. Related compensation accrued during the years ended December 31, 2022, 2021 and 2020, amounted to RUB 3,465 million, RUB 3,328 million and RUB 694 million, respectively, including social contributions amounted to RUB 254 million, RUB 338 million and RUB 79 million, respectively. For more details, see Note

STOCK-BASED COMPENSATIONS

STOCK-BASED COMPENSATIONS	12 Months Ended
STOCK-BASED COMPENSATIONS	Dec. 31, 2022
STOCK-BASED COMPENSATIONS
STOCK-BASED COMPENSATIONS	31. STOCK-BASED COMPENSATIONS The Group has a number of share plans used to award shares to directors, executive officers and employees as part of their remuneration package. The Group share plans include both equity-settled and cash-settled compensations. Equity-settled share based awards are measured at fair value (excluding the effect on non-market-based conditions) at the date of grant. The fair value determined at the grant date of equity-settled share-based award is based on the Group’s estimate of the shares that will eventually vest and adjusted for the effect of non-market based conditions. For cash-settled based awards the fair value is newly determined at each reporting date and at the settlement date, the changes in the fair value are recognized in profit or loss, until the liability under the share plan is settled. The share awards granted in 2021 have an attached market condition based on Group’s market capitalization. The share awards granted before 2021 had only performance condition related to certain financial target (Free Cash Flow), which were treated as non-market vesting conditions. The fair value of share awards is based on the observed market price of the Group’s ordinary shares, adjusted for expected dividends reduced to the current value using a risk-free interest rate. The equity-settled share based awards displayed the following development in the financial years 2022 and 2021: Twelve month ended December 31, 2022 2021 Weighted- Weighted- average fair average fair Shares value per share Shares value per share (in thousands) (in RUB) (in thousands) (in RUB) Outstanding at the beginning of the period 20,666 327 3,194 424 Granted during the period 10,767 240 18,733 249 Forfeited during the period (2,747) 400 (447) 407 Exercised during the period (4,594) (1) 240 (814) (2) 406 Outstanding at the end of the period 24,092 339 20,666 327 Exercisable at the end of the period 11,063 312 6,246 361 (1) The weighted-average exercise price of shares was RUB 297 . (2) The weighted-average exercise price of shares was RUB 375 . The equity-settled share based awards were estimated using the following range of exercise prices and the weighted-average remaining contractual terms: December 31, 2022 Weighted- average Range of remaining Shares (in exercise prices contractual term thousands) (in RUB) (in month) Outstanding shares 24,092 Incl. to be exercised in 2023 11,063 230-240 3 to be exercised in 2024 10,099 320-330 15 to be exercised in 2025 2,930 320-660 27 The cash-settled share based awards displayed the following development in the financial years 2022 and 2021: Twelve month ended December 31, 2022 2021 Weighted- Weighted- average fair average fair Shares value per share Shares value per share (in thousands) (in RUB) (in thousands) (in RUB) Outstanding at the beginning of the period 3,485 373 725 707 Granted during the period 5,189 328 3,788 423 Forfeited during the period (585) 515 (298) 678 Exercised during the period (1,593) (1) 591 (729) (1) 707 Outstanding at the end of the period 6,496 333 3,485 402 Exercisable at the end of the period 2,468 319 1,598 638 (1) The weighted-average exercise price of shares is equal weighted-average fair value. The liability under cash-settled awards was estimated using the following range of exercise prices and the weighted-average remaining contractual terms: December 31, 2022 Weighted- average Range of remaining Shares exercise prices contractual term (in thousands) (in RUB) (in month) Outstanding shares, Incl. 6,496 to be exercised in 2023, based on ordinary shares 2,468 236 3 to be exercised in 2024, based on ordinary shares 2,091 320-330 15 to be exercised in 2025, based on ordinary shares 1,938 320-488 27 Due to high volatility of Russian stock market at the end of the financial year 2021, the market performance condition for equity-settled share based awards granted in 2021 was modified. The resulting change in the incremental fair value of the share-based compensation totaled to RUB 145 per share for instruments to be executed as of December 31, 2021, RUB 68 per share for instruments to be executed as of December 31, 2022, and RUB 49 per share for instruments to be executed as of December 31, 2023, respectively. Total expense in respect of Group’s share plans included in the consolidated statement of profit or loss in the financial year 2022 and 2021 totaled to RUB 5,662 million and RUB 4,767 million, respectively, thereof RUB 4,423 million and RUB 3,690 related to equity-settled share based awards. As of December 31, 2022 and 2021, total liabilities recorded for share-based awards amounted to RUB 5,286 million and RUB 2,285 million, respectively. The fair value of share-based awards vested at December 31, 2022 and December 31, 2021 was RUB 1,545 million and RUB 1,530 million, respectively.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
SHAREHOLDERS' EQUITY	Dec. 31, 2022
SHAREHOLDERS' EQUITY
SHAREHOLDERS' EQUITY	32. SHAREHOLDERS’ EQUITY Common stock (ordinary shares) Shares of common stock repurchased by the Group are recorded at cost as treasury stock and reduce the shareholders’ equity in the Group’s consolidated financial statements. As of December 31, 2022, the total shares in treasury stock comprised 315,427,725 and 1,682,953,850 shares were outstanding. As of December 31, 2021, the total shares in treasury stock comprised 335,757,457 and 1,662,624,118 shares were outstanding. Information on shares repurchased by the Group is presented as follows: December 31, 2022 2021 2020 Repurchased from: Shares RUBm Shares RUBm Shares RUBm Open market — — 42,512,570 13,963 26,038,847 8,525 Sistema Finance — — 22,796,040 7,503 22,758,872 7,485 Total — — 65,308,610 21,466 48,797,719 16,010 Nature and purpose of reserves Additional paid in capital Share-based payment programs Foreign currency translation reserve Financial instruments revaluation reserve Remeasurements of the net defined benefit liability Non-controlling interests As of December 31, 2022 and 2021, MGTS was the only subsidiary of the Group, which had material non-controlling interests. The summarized financial information of MGTS is presented as follows: MGTS 2022 2021 2020 Non-controlling interests opening balance (4,909) (4,055) (3,328) Profit for the year attributable to non-controlling interests (869) (803) (675) Dividends to non-controlling interests — — — Other (52) (51) (52) Non-controlling interests closing balance (5,830) (4,909) (4,055) December 31, MGTS 2022 2021 Current assets 34,752 34,282 Non-current assets 70,279 57,631 Current liabilities (12,778) (13,497) Non-current liabilities (14,940) (17,691) Year ended December 31, MGTS 2022 2021 2020 Revenue, gross of intercompany (43,015) (41,255) (41,103) Profit for the year, gross of intercompany (15,381) (14,203) (11,811) Dividends As a leading telecommunications group with a home base in developing markets, the primary need of the Group is to maintain sufficient resources and flexibility to meet financial and operational requirements. At the same time, the Group continually seeks ways to create shareholder value through both its commercial and financial strategies, including organic and non-organic development as well as the Group’s capital management practices. The Group continues to include dividend payments as part of its commitment to maximizing shareholder value. Decisions on dividends are proposed by the Board of Directors and voted upon thereafter at a General Meeting of Shareholders. In determining the Company’s dividend payout, the Board of Directors considers a number of factors, including cash flow from operations, capital expenditures, and the Group’s debt position. The Group may take decisions on the dividend payout based not only on annual results but also on interim results for three, six or nine months of the fiscal year. Annual and interim dividend payments, if any, must be recommended by the Board of Directors and approved by the shareholders. In accordance with Russian laws, earnings available for dividends are limited to profits determined under Russian Accounting Standards (RAS), denominated in Russian Rubles, after certain deductions. The following table summarizes the Group’s declared cash dividends for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2022 Dividends declared (including dividends on treasury shares of 9,318, 12,082 and 6,936 respectively) 66,334 74,049 58,948 Dividends, RUB per ADS 67.70 74.12 59.00 Dividends, RUB per share 33.85 37.06 29.50 As of December 31, 2022 and 2021, dividends payable were RUB 16,591 million and RUB 68 million, respectively, and included in the trade and other payables within the consolidated statement of financial position.See Note 33.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2022
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	33. COMMITMENTS AND CONTINGENCIES Capital commitments Taxation The Group estimates the following contingent liabilities in respect of additional tax settlements: December 31, 2022 2021 Contingent liabilities for additional taxes other than income tax 498 860 Contingent liabilities for additional income taxes 1,222 1,132 Licenses Litigation Litigation related to operations in Turkmenistan - In July 2018, the Group filed a Request for Arbitration against the Sovereign State of Turkmenistan with the World Bank’s International Center for Settlement of Investments Disputes (“ICSID”) in order to protect its legal rights and investments in Turkmenistan. As of December 31, 2022 the case is pending. Antimonopoly proceedings In 2021, certain financial institutions in Russia initiated litigations against the Group, claiming reimbursement for losses incurred in connection with violation of antimonopoly laws in respect to establishing unreasonably high bulk SMS prices. The arbitration courts at three levels have dismissed all the claims in full. It’s currently impossible to predict the possibility or outcome of new litigations on violation of antimonopoly laws in respect to establishing unreasonably high bulk SMS prices. Management of the Group believes that as of December 31, 2022 it has adequately provided for claims related to antimonopoly proceedings. Potential adverse effects of economic volatility and sanctions in Russia On February 28, 2022, trading on the Moscow Exchange in all equity securities was suspended (including MTS PJSC ordinary shares), with the suspension later extended to March 28. Also on February 28, the New York Stock Exchange halted trading in the Company’s American depositary shares (“ADSs”) and those of certain other Russian companies. Developments relating to these matters are highly unpredictable, occur swiftly and often with little notice and are mostly outside the control of the Group, and the risk that any Group member, or individuals holding positions within the Group as well as its counterparties, may be affected by future sanctions designations cannot be excluded. Current and future risks to the Group include, among others, the risk of reduced or blocked access to capital markets and ability to obtain financing on commercially reasonable terms (or at all), the risk of restrictions on the import of certain equipment and software, as well as the risk deviations of the conversion rate of Russian ruble against other currencies. In addition, Central Bank’s of Russia increase of its key rate to 20% on February 28, 2022, impacted floating-rate credit facilities and consequently increased the Group’s finance costs. Further in 2022, the Central Bank of Russia has gradually decreased its key rate to 7.5% as of December 31, 2022. Furthermore, the CBR has prohibited Russian companies from making any payments, including dividends, on securities of Russian companies to non-Russian residents, with the result that any non-Russian resident holders of our ADSs were ineligible to receive such dividends. In May 2022, the Decree of the President of Russian Federation No. 254 set temporary procedures for making dividend payments on securities of Russian companies to non-Russian residents, which includes making payments in Russian rubles through special accounts. In April 2022, Russian Federal Law No. 114-FZ, requiring Russian companies to terminate their depositary receipt programs, came into force. In May, the Russian Government Commission on Monitoring Foreign Investment (“the Commission”) approved the Company’s request to maintain its American Depositary Receipts (ADR) program. The Commission’s decision provided for the continuation of circulation of MTS ADRs until July 12, 2022 (inclusive). Following the Commission’s decision and requirements of the law the Group initiated the termination process of its depository receipt program, starting from July 13th, 2022. MTS’ ADSs were delisted from the NYSE effective August 8, 2022. The existing ADSs could have been converted into MTS’ ordinary shares at the ratio of 1:2 Management remains focused on ensuring operational continuity and providing uninterrupted connectivity and other services for customers. In making its going concern assessment, management considered principal risks and existing uncertainties, the Group’s liquidity position (Note 28), including the Group’s borrowings and available credit facilities, its expectations on compliance with covenants, capital expenditure commitments and other factors. Compliance monitorship As of December 31, 2022 the Group has not received notice from the SEC, the DOJ or the monitor of any breach of the terms of the DPA or the Order.In 2021 given a variety of factors, including the COVID-19 pandemic, the Group has agreed to a one-year extension of the DPA and the monitorship with the DOJ and the SEC to (i) provide the Group with adequate time to implement necessary enhancements to certain critical components of the Group’s anti-corruption compliance and ethics program and (ii) allow the monitor sufficient time to be able to complete its review of the remedial efforts, including the Group’s implementation of the monitor’s recommendations and an assessment of the sustainability of the Group’s remedial actions. The term of the monitorship will continue until September 2023. In connection with compliance monitorship, certain transactions were identified relating to the Group’s subsidiary in Armenia, and such transactions were disclosed to the DOJ and SEC. The DOJ and SEC have requested information regarding the transactions and the Group has initiated an investigation into the matter. It’s currently impossible to predict the timing or outcome of the investigation. In December 2020, the Group received a request for information from the DOJ concerning certain historical transactions with a supplier of telecommunication and information technology. Currently, the Group is cooperating to provide information to the DOJ and the SEC responsive to the request. Class action complaint

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	34. SUBSEQUENT EVENTS Purchase of stake in Buzzoola Sanctions on MTS Bank

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS (Policies)	12 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS
Basis of preparation	Basis of preparation The consolidated financial statements have been prepared on a historical cost basis, unless disclosed otherwise. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services. Amounts in the consolidated financial statements are stated in millions of Russian Rubles (“RUB million”), unless indicated otherwise. The consolidated financial statements have been prepared on the assumption that the Group is a going concern and will continue in operation for the foreseeable future (Note 28).
Basis of consolidation	Basis of consolidation Effective ownership interests in the Group’s significant subsidiaries were the following: Accounting December 31, December 31, method 2022 2021 RTC Consolidated 100.0 % 100.0 % MTS Bank Consolidated 99.9 % 99.9 % MGTS Group Consolidated 94.7 % 94.7 % Multiregional TransitTelecom (Note 4) Consolidated 100.0 % 100.0 % MTS Armenia Consolidated 100.0 % 100.0 % Nvision Czech Republic 1) Consolidated 100.0 % 100.0 % VisionLabs Group (Note 4) Consolidated 100.0 % — Gulfstream Group (Note 4) Consolidated 58.4 % — Bronevik (Note 4) Consolidated 100.0 % — Webinar (Note 4) Consolidated 84.3 % — BIC (Tower infrastructure Company) 2) Consolidated 100.0 % — MDTZK LLC (Ticketland) Consolidated 100.0 % 100.0 % Kulturnaya Sluzhba (Ponominalu) Consolidated 100.0 % 100.0 % Sputnikovoe TV 3) Consolidated — 100.0 % IT-Grad (Note 4) Consolidated 100.0 % 100.0 % MTS Avto (former Stopol) (Note 4) Consolidated 100.0 % 100.0 % "Zelenaya Tochka" Group – Achemar Holdings Ltd (Note 4) Consolidated 100.0 % 100.0 % Oblachny Retail LLC 3) Consolidated — 100.0 % MTS Media Consolidated 100.0 % 100.0 % Navigation Information Systems Group Consolidated 100.0 % 94.7 % MTS Didgital (former MTS IT) Consolidated 100.0 % 100.0 % Kinopolis (Note 4) Consolidated 100.0 % 100.0 % Sistema Capital (Note 4) Consolidated 100.0 % 100.0 % Stream Consolidated 100.0 % 100.0 % MTS Turkmenistan Consolidated 100.0 % 100.0 % MTS Artificial Intelligence Consolidated 100.0 % 100.0 % Energy Group (Note 4) Consolidated 100.0 % 100.0 % Dega Consolidated 100.0 % 100.0 % Stream Digital Consolidated 100.0 % 100.0 % Bastion Consolidated 100.0 % 100.0 % MTS International Funding Limited 4) Consolidated SE SE MTS Belarus (Note 15) Equity 49.0 % 49.0 % 1) Part of Nvision Czech Republic Group – NVision Czech Republic a.s.- was sold in October 2022, the results of the disposed subsidiary are presented as discontinued operations (Note 10) in the accompanying audited consolidated statements of profit or loss for the year ended December 31, 2022 2) Spinned of from PJSC MTS 3) Merged with PJSC MTS in 2022 4) A company organized and existing as a private limited company under the laws of Ireland. The Group does not have any equity in MTS International. It was established for the purpose of raising capital through the issuance of debt securities on the Irish Stock Exchange followed by transferring the proceeds through a loan facility to the Group. In 2010 and 2013, MTS International issued USD 750 million 8.625% notes due in 2020 (fully repaid in June 2020) and USD 500 million 5.0% notes due in 2023, respectively (Note 23). The notes are guaranteed by MTS PJSC in the event of default. MTS International does not perform any other activities except those required for notes servicing. The Group bears all costs incurred by MTS International in connection with the notes’ maintenance activities. Accordingly, the Group concluded that it exercises control over the entity.
Acquisitions from entities under common control	Acquisitions from entities under common control
Joint operations	Joint operations
Non-current assets held for sale and discontinued operations	Non-current assets held for sale and discontinued operations A disposal group qualifies as discontinued operation if it is a component of the entity that either has been disposed of or is classified as held for sale, and: ● Represents a separate major line of business or geographical area of operations; ● Is part of a single co-ordinated plan to dispose of a separate major line of business or geographical area of operations; ● Or is a subsidiary acquired exclusively with a view to resale. Discontinued operations are excluded from the results of continuing operations and are presented as a single amount as profit or loss after tax from discontinued operations in the statement of profit or loss. Group’s statement of cash flows include both cash flows from continuing and discontinued operations, amounts related to discontinued operations by operating, investing and financing activities are presented in Note 10.
Vendor financing arrangements	Vendor financing arrangemets –
Functional currency translation methodology	Functional currency translation methodology ● For entities incorporated in the Russian Federation and MTS International – the Russian Ruble (“RUB”); ● For MTS Armenia – the Armenian Dram; ● For MTS Turkmenistan – the Turkmenian Manat; ● For MTS Belarus – the Belarusian Ruble; ● For Nvision Czech Republic – the Czech Crown. Foreign-currency transactions are translated into the functional currency at the exchange rates at the dates of the transactions. At the reporting date, monetary items denominated in foreign currencies are translated at the closing rate, whereas non-monetary items are stated at the exchange rate at the date of their recognition. Exchange rate differences are recognized in profit or loss. For entities whose records are maintained in their functional currency, which is other than the reporting currency, all year-end assets and liabilities have been translated into U.S. Dollars (“USD”) at the period-end exchange rate set by local central banks. Subsequently, U.S. Dollars balances have been translated into Russian Rubles at the period-end exchange rate set by the Central Bank of Russia. Revenues and expenses have been translated at the average exchange rate for the period using the cross-currency exchange rate via the U.S. Dollar as described above. Translation differences resulting from the use of these rates are reported as a component of other comprehensive income.
Standards, interpretations and amendments adopted	Standards, interpretations and amendments adopted in the financial year 2022 Amendments to IAS 37 Onerous contracts – Cost of fulfilling a contract Amendments to IAS 16 Property, Plant and Equipment: Proceeds before Intended Use Amendments to IFRS 3 Reference to Conceptual Framework Amendments to IFRS Annual Improvements to IFRSs (2018-2020 Cycle) None of these interpretations and amendments had material effect on the Group’s consolidated financial statements. Standards, interpretations and amendments in issue but not yet effective The Group has not applied the following new and revised IFRSs that have been issued but are not yet effective: IFRS 17 and amendments to IFRS17 Insurance Contracts 1) Amendments to IAS 8 Definition of Accounting Estimate 1) Amendments to IAS 1 and IFRS Practice Statement 2 Disclosure of Accounting Policy 1) Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture 2) Amendments to IAS 1 Classification of Liabilities as Current or Non-Current 3) Non current Liabilities with Covenants 3) Amendments to IFRS 16 Lease Liability in a Sale ans Leaseback 3) (1) Effective for annual periods beginning on or after January 1, 2023, with earlier application permitted. (2) The effective date for these amendments was deferred indefinitely. Early adoption continues to be permitted. (3) Effective for annual periods beginning on or after January 1, 2024, with earlier application permitted. These IFRS pronouncements are not expected to have a material impact on the Group’s consolidated financial statements.
Revenue recognition	Revenue is recognized to the extent that the Group has delivered goods or rendered services under an agreement, the amount of revenue can be reliably measured and it is probable that the economic benefits associated with the transaction will flow to the Group. Revenue is measured at the fair value of the consideration receivable, exclusive of value added taxes and discounts. The Group obtains revenue from providing mobile and fixed telecommunication services (access charges, voice and video calls, messaging, interconnect fees, fixed and mobile broadband, tv and musical content and connection fees), financial services, integration services, cloud services, tickets distribution, as well as selling equipment, accessories and software. Products and services may be sold separately or in bundle packages. The most significant part of revenue relates to prepaid contracts. Revenue for access charges, voice and video calls, rendering of cloud services, messaging, interconnect fees and fixed and mobile broadband is recognized as services are rendered. This is based upon either usage (minutes of traffic processed, volume of data transmitted) or passage of time (monthly subscription fees). Revenue from the sale of prepaid credit is deferred until such time as the customer consumes the services or the credit expires. Revenue from the provision of TV and music content is recognized as the Group renders the service and is recorded either at the gross amount billed to the customers or in the amount of commission fee receivable by the Group. Revenue from commission services for tickets distribution is recognized immediately when the related entertainment event has occurred. Revenue from sales of goods (mainly mobile handsets, other mobile devices, software licences) is recognized when the significant risks and rewards of ownership have been transferred to the customer. For bundled packages, the Group accounts for individual products and services separately if they are distinct, which means that a product or service, as well as the customer benefit, is separately identifiable from other items in the bundled package and a customer can benefit from it. The arrangement consideration is allocated to each separate product and service, based on its relative fair value. The determined fair value of individual elements is generally based on prices at which the deliverable is regularly sold on a stand-alone basis after considering any appropriate volume discounts. The Group provides retrospective volume discounts under roaming agreements with international and local mobile operators. To estimate the variable consideration in relation to these discounts, the Group uses original data traffic adjusted on a monthly basis to reflect newly-available information. The resulting liability for the expected future discounts is recognized as a reduction of revenue within trade and other payables in the accompanying consolidated statement of financial position. For contracts that permit customers to return acquired mobile devices, the amount of recognized revenue is adjusted for expected product return or refunds, which are estimated based on the basis of historical data. The respective refund liability is recorded as provision in the accompanying consolidated statement of financial position. Revenue from the provision of financial services mainly relates to interest bearing assets of MTS Bank. Such revenue is recognized on an accrual basis using the effective interest method. Loan origination fees are deferred together with the related direct costs and are recognised as an adjustment to the effective interest rate of the loan. Comission revenue which is also a significant part of MTS Bank revenue is either recognized at the moment the related operation occurs, or during the period of customer contract duration. Revenue from construction services mainly relates to project type contracts and is determined by reference to the stage of completion of each respective projects. The stage of completion is calculated using the input method – based on the proportion of costs incurred for work performed to date to the estimated total contract costs. Revenue is recognized cumulatively as total revenue under the project multiplied by percentage of completion as at reporting date. When it is probable that total contract costs will exceed the total contract revenue, the expected loss is recognized as an expense immediately.
Contract balances	Contract balances Contract balances include trade receivables related to the recognized revenue, contract assets and contract liabilities. Trade receivables represent an unconditional right to receive consideration (primarily in cash). Contract assets represent accrued revenues that have not yet been billed to customers due to certain contractual terms other than the passage of time. This is the case in a bundled offering which combines the sale of a mobile device and the provision of mobile services for a fixed-period, where the mobile device is invoiced at a reduced price leading to the reallocation of a portion of amounts invoiced for mobile communication services to the supply of the mobile phone. The excess of the amount allocated to the mobile phone over the price invoiced is recognized as a contract asset and is thus transferred to trade receivables as the service is invoiced. The other part of contract assets relates to the Group’s rights to consideration for work completed but not yet billed for construction services projects. Contract liabilities represent amounts paid by customers to the Group before receiving the goods and/or services promised in the contract. This is the case for advances received from customers or amounts invoiced or amounts invoiced and paid for goods or services that are yet to be transferred.
Cost to obtain and fulfill a contract	Cost to obtain and fulfill a contract The Group capitalizes certain incremental costs incurred in acquiring or fullfilling a contract with a customer if the management expects these costs to be recoverable. The Group uses a practical expedient from IFRS 15 which allows to expense contract costs as incurred when the expected contract duration is one year or less. Costs of acquiring a contract include commissions paid to a third-party distributors as well as the associated remuneration of the Group’s commercial employees for obtaining a contract with a customer with the expected duration of more than twelve months. These costs are amortized on a straight-line basis over the average life of a long-lived subscriber. Costs to fulfill a contract mainly relate to costs of equipment transferred to the subscribers required for the provision of services. These costs are amortized on a straight-line basis generally for the period of average subscriber life.
Income tax	Income taxes of the Group’s Russia-incorporated entities have been calculated in accordance with Russian legislation and are based on the taxable profit for the period. The corporate income tax rate in Russia is 20%. The withholding tax rate on dividends paid within Russia is 13%. The foreign subsidiaries of the Group pay withholding taxes in their respective jurisdictions. Deferred tax assets and liabilities are recognized for temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and the corresponding tax bases of assets and liabilities that will result in future taxable or deductible amounts. The deferred tax assets and liabilities are measured using the enacted or substantially enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income.
Cash and cash equivalents	Cash and cash equivalents represent cash on hand and in bank accounts, as well as short-term bank deposits, which have original maturities of less than three months. Other short-term highly liquid investments are treated as cash equivalents only if they are held for the purpose of meeting short-term cash commitments, are readily convertible to known amounts of cash and are subject to insignificant risk of change in value. Cash and cash equivalents are placed in banks with credit ratings from AAA to B+ according to an independent credit rating agency Expert RA.
Short-term investments	Short-term investments represent investments in loans and time deposits, which have original maturities of longer than 92 days and are repayable in less than twelve months, as well as investment in debt and equity securities. Deposits, loans and debt securities are carried at amortized cost as they are held to collect contractual cash flows in the form of payments of principal and interest. Assets in Sistema Capital trust management as well as mutual funds are carried at fair value through profit and loss (“FVTPL”), as this portfolio of assets is neither held to collect contractual cash flows nor held both to collect contractual cash flows and to sell financial assets. Short-term investments, carried at amortized cost, are presented net of allowance for expected credit losses (“ECL”). Loans to customers issued by MTS Bank are presented separately within Bank deposits and loans in the accompanying consolidated statements of financial position.
Investments in associates and joint ventures	Associates are those entities where the Group exercises significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee but does not equate to control or joint control over those policies. Associates are accounted for using the equity method, with exception of associates held by the Group’s venture capital subsidiary, MTS Ventures Limited. The Group elected to measure venture investments in associates at fair value through profit or loss in accordance with IFRS 9. Investments in associates are accounted for using the equity method are recognized at cost at the time of acquisition and adjusted thereafter to recognize the Group’s share of the profit or loss and other comprehensive income. The carrying amount of the investment in such entities may include goodwill as the positive difference between the cost of the investment and Group’s proportionate share in the fair-values of the entity’s identifiable assets and liabilities. Joint ventures are joint arrangements whereby the parties that have joint control of the arrangement and have rights to the net assets of the arrangement. The Group recognizes its interest in a joint venture where it has joint control of the investment and accounts for that investment using the equity method. The Group presents its share in profits or losses in associates and joint ventures accounted for using the equity method within operating profit if those interests are viewed as part of Group’s core operations. As of December 31, 2022, MTS Belarus, Zelenaya Tochka, Factorin and Monumental Vision were considered as part of the Group’s core operating activity. Shares in profits and losses of other Group’s associates and joint ventures were presented as non-operating items.
Other investments	Other investments consist primarily of long-term deposits, which are repayable in more than a year, loans, debt securities and equity holdings in private companies. Deposits, loans and notes are carried at amortized cost as they are held to collect contractual cash flows in the form of payments of principal and interest. Loans to customers issued by MTS Bank are presented separately within Bank deposits and loans to customers. Other investments, carried at amortized cost, are presented net of allowance for expected credit losses (ECL).
Trade and other receivables	Trade and other receivables are carried at transaction price. The carrying value of all trade receivables is reduced by appropriate allowances for ECL. For trade receivables the Group applies a simplified approach and calculates ECL based on lifetime expected credit losses. For receivables from subscribers and dealers and partially for other trade receivables the allowance for ECL is computed using the provision matrix. The provision rates are based on days past due for groupings of various customer segments with similar loss patterns. The calculation reflects the probability-weighted outcome and all reasonable and supportable information that is available at the reporting date about past events, current conditions and forecasts of future economic conditions. Generally, receivables from subscribers are written-off if past due for more than 180 days on average based on category of subscriber. Receivables other than from subscribers are written-off upon the expiration of the limitation period or before based on results of internal investigations. MTS Group accounts for Receivables from handset sales financing as a part of current trade and other receivables and non-current other non-financial assets. These financial assets are measured based on fair value basis using effective rate approach at recognition and then amortised cost approach applies. Receivables from handset sales financing are written off against the allowance when deemed uncollectible, including by means of foreclosure on the provision. Write off of receivables takes place when the Group has no reasonable expectations of recovering the financial asset either entirely or a portion of it.
Inventories	Inventories are stated at the lower of cost or net realizable value. Inventory cost is determined using the weighted average cost method. Handsets and accessories held for sale are expensed when sold. The Group regularly assesses its inventories for obsolete and slow-moving stock.
Property, plant and equipment	Property, plant and equipment, including improvements, are stated at cost. Property, plant and equipment with a useful life of more than one year is capitalized at historical cost and depreciated on a straight-line basis over its expected useful life, as follows: Network and base station equipment: Network infrastructure 3-50 years Other 3-20 years Land and buildings: Buildings 7-99 years Leasehold improvements the term of the lease Office equipment, vehicles and other: Office equipment 2-7 years Vehicles 2-10 years Other 2-25 years The estimated useful lives and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. The gain or loss arising on the disposal of an item of property, plant and equipment is determined as the difference between any sale proceeds and the carrying amount of the asset and is recognised in the consolidated statement of profit or loss. Construction in progress and equipment held for installation is not depreciated until the constructed or installed asset is ready for its intended use. Maintenance and repair costs are expensed as incurred, while upgrades and improvements are capitalized.
Goodwill	Goodwill represents an excess of consideration transferred plus the fair value of any non-controlling interest (“NCI”) in the acquiree at the acquisition date over the fair values of the identifiable net assets of the acquired entity. Goodwill is not amortized, but is tested for impairment (Note 21).
Other intangible assets	Other intangible assets primarily consist of billing, telecommunication, accounting and office software as well as numbering capacity, customer base and licenses. These assets are assets with finite useful lives. They are initially recognized at cost and amortized on a straight-line basis over their estimated useful lives.
Borrowings	Group’s borrowings represent interest bearing bank loans and bonds issued in the capital markets. Borrowings are initially recorded at fair value plus transaction costs that are directly attributable to the issue of the financial liability and subsequently measured at amortized cost, using the effective interest rate method.
Rights-of-use assets and lease obligations	The Group recognizes a right-of-use asset and a corresponding lease liability with respect to all lease agreements (including sub-lease and lease of intangible assets), which conveys the right to control the use of identified assets for a period of time in exchange for consideration, except for short-term leases (with a lease term of 12 months or less). For these leases, the Group recognizes the lease payments as operating expenses over the term of the lease. When identifying the lease, the Group uses practical expedient of IFRS 16 permitting the lessee not to separate the non-lease components of the contract and, instead, to account for any lease and associated non-lease components as a single arrangements. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the incremental borrowing rate of the Group. The incremental borrowing rate of the Group is determined based on the credit spreads of the Group debt instruments in relation to the zero-coupon yield curve for government securities. The lease payments include fixed payments, variable payments that depend on index or rate, amounts expected to be paid under residual value guarantee, the exercise price under a purchase option the Group is reasonably certain to exercise as well as early termination fees unless the Group is reasonably certain not to terminate earlier. Variable payments that depend on external factors (such as sale volume of a particular retail store) are expensed as incurred. Lease liability is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Group’s estimate of the amount expected to be payable under a residual value guarantee, or if the Group changes its assessment of whether it will exercise a purchase, extension or termination option. A corresponding adjustment is made to the carrying amount of the right-of-use assets, or is recorded in profit or loss if the carrying amount of right-of-use asset had been reduced to zero. Right-of-use assets are initially measured at cost, which is the initial amount of lease liability adjusted for any lease payments made at or before the commencement date, plus any direct costs incurred and an estimate of costs to dismantle, remove or restore the underlying asset less any lease incentives received. Right-of-use assets are subsequently amortized on a straight-line basis over the expected lease term. The lease term corresponds to the non-cancellable period of each contract except in cases where the Group is reasonably certain of exercising renewal or termination options. When assessing the lease term, the Group considers all facts and circumstances that create an economic incentive for the Group to exercise the option to extend the lease, such as useful life of the asset located on the leased site, sites replacement statistics, sequence of technology change, profitability of our retail stores as well as costs to terminate or enter into lease contracts.
Provisions	Provisions
Provision for decommissioning and restoration	Provision for decommissioning and restoration
Derivative instruments activities	Derivative instruments activities Gains and losses from changes in the fair value of derivative instruments are recorded immediately in profit or loss. Assets and liabilities related to multiple derivative contracts with one counterparty are not offset by the Group.
Liability under put option agreement	Liability under put option agreement
Netting	Netting
Fair value of financial instruments	Fair value of financial instruments Level 1 – Quoted prices in active markets for identical assets or liabilities; Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities; Level 3 – No observable pricing inputs in the market. Financial assets and financial liabilities are classified in the three-tier hierarchy based on the lowest level of input that is significant to the fair value measurements. The Group’s assessment of the significance of a particular input to the fair value measurements requires judgment which may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS
Summary of ownership interests in significant subsidiaries	Accounting December 31, December 31, method 2022 2021 RTC Consolidated 100.0 % 100.0 % MTS Bank Consolidated 99.9 % 99.9 % MGTS Group Consolidated 94.7 % 94.7 % Multiregional TransitTelecom (Note 4) Consolidated 100.0 % 100.0 % MTS Armenia Consolidated 100.0 % 100.0 % Nvision Czech Republic 1) Consolidated 100.0 % 100.0 % VisionLabs Group (Note 4) Consolidated 100.0 % — Gulfstream Group (Note 4) Consolidated 58.4 % — Bronevik (Note 4) Consolidated 100.0 % — Webinar (Note 4) Consolidated 84.3 % — BIC (Tower infrastructure Company) 2) Consolidated 100.0 % — MDTZK LLC (Ticketland) Consolidated 100.0 % 100.0 % Kulturnaya Sluzhba (Ponominalu) Consolidated 100.0 % 100.0 % Sputnikovoe TV 3) Consolidated — 100.0 % IT-Grad (Note 4) Consolidated 100.0 % 100.0 % MTS Avto (former Stopol) (Note 4) Consolidated 100.0 % 100.0 % "Zelenaya Tochka" Group – Achemar Holdings Ltd (Note 4) Consolidated 100.0 % 100.0 % Oblachny Retail LLC 3) Consolidated — 100.0 % MTS Media Consolidated 100.0 % 100.0 % Navigation Information Systems Group Consolidated 100.0 % 94.7 % MTS Didgital (former MTS IT) Consolidated 100.0 % 100.0 % Kinopolis (Note 4) Consolidated 100.0 % 100.0 % Sistema Capital (Note 4) Consolidated 100.0 % 100.0 % Stream Consolidated 100.0 % 100.0 % MTS Turkmenistan Consolidated 100.0 % 100.0 % MTS Artificial Intelligence Consolidated 100.0 % 100.0 % Energy Group (Note 4) Consolidated 100.0 % 100.0 % Dega Consolidated 100.0 % 100.0 % Stream Digital Consolidated 100.0 % 100.0 % Bastion Consolidated 100.0 % 100.0 % MTS International Funding Limited 4) Consolidated SE SE MTS Belarus (Note 15) Equity 49.0 % 49.0 % 1) Part of Nvision Czech Republic Group – NVision Czech Republic a.s.- was sold in October 2022, the results of the disposed subsidiary are presented as discontinued operations (Note 10) in the accompanying audited consolidated statements of profit or loss for the year ended December 31, 2022 2) Spinned of from PJSC MTS 3) Merged with PJSC MTS in 2022 4) A company organized and existing as a private limited company under the laws of Ireland. The Group does not have any equity in MTS International. It was established for the purpose of raising capital through the issuance of debt securities on the Irish Stock Exchange followed by transferring the proceeds through a loan facility to the Group. In 2010 and 2013, MTS International issued USD 750 million 8.625% notes due in 2020 (fully repaid in June 2020) and USD 500 million 5.0% notes due in 2023, respectively (Note 23). The notes are guaranteed by MTS PJSC in the event of default. MTS International does not perform any other activities except those required for notes servicing. The Group bears all costs incurred by MTS International in connection with the notes’ maintenance activities. Accordingly, the Group concluded that it exercises control over the entity.
Schedule of standards, interpretations and amendments adopted	Amendments to IAS 37 Onerous contracts – Cost of fulfilling a contract Amendments to IAS 16 Property, Plant and Equipment: Proceeds before Intended Use Amendments to IFRS 3 Reference to Conceptual Framework Amendments to IFRS Annual Improvements to IFRSs (2018-2020 Cycle)
Schedule of not applied new and revised IFRSs that have been issued but not yet effective	IFRS 17 and amendments to IFRS17 Insurance Contracts 1) Amendments to IAS 8 Definition of Accounting Estimate 1) Amendments to IAS 1 and IFRS Practice Statement 2 Disclosure of Accounting Policy 1) Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture 2) Amendments to IAS 1 Classification of Liabilities as Current or Non-Current 3) Non current Liabilities with Covenants 3) Amendments to IFRS 16 Lease Liability in a Sale ans Leaseback 3) (1) Effective for annual periods beginning on or after January 1, 2023, with earlier application permitted. (2) The effective date for these amendments was deferred indefinitely. Early adoption continues to be permitted. (3) Effective for annual periods beginning on or after January 1, 2024, with earlier application permitted.

BUSINESS ACQUISITIONS (Tables)

BUSINESS ACQUISITIONS (Tables)	12 Months Ended
BUSINESS ACQUISITIONS (Tables)	Dec. 31, 2022
BUSINESS ACQUISITIONS
Schedule of assets and liabilities pertaining to the disposal group and reconciliation of the loss on disposal	Current assents 282 Non-current assets 51 Total assets 333 Current liabilities (275) Non-current liabilities (36) Total liabilities (311) Accumulated other comprehensive income 83 Total consideration (52) Loss on disposal 53
Schedule of business acquisitions proforma financial data	2022 2021 2020 MTT, Zelenaya Tochka, VisionLabs, GreenBush, Webinar, Credit Bronevik, Consulting, Pro forma: Gulfstream Sistema Capital STOPOL Revenue 543,321 537,867 495,273 Profit for the year 33,584 64,399 62,079
Schedule of business acquisitions actual information financial data	2022 2021 2020 MTT, Zelenaya VisionLabs, Tochka, GreenBush, Webinar, Bronevik, Credit Consulting, Gulfstream Sistema Capital STOPOL Revenue 4,707 5,341 355 (Loss)/profit for the year (489) 25 25
Companies acquired in 2022
BUSINESS ACQUISITIONS
Schedule of purchase price allocation	VisionLabs Gulfstream Bronevik Webinar final preliminary preliminary preliminary Goodwill 4,320 (1) 1,889 (3) 3,898 (5) 2,609 (6) Customer base 2,333 (2) 2,114 (4) — — Other intangible assets 736 332 38 452 Property, plant and equipment 81 279 8 12 Other non-current assets 31 289 41 84 Current assets 319 2,609 1,266 57 Cash and cash equivalents 326 24 197 58 Current liabilities (816) (3,055) (1,416) (187) Put option to purchase NCI — (1,877) — (986) Non‑current liabilities (774) (605) (32) (4) Total consideration 6,556 1,999 4,000 2,095 Including: Fair value of contingent consideration 621 — — — Deferred payment 659 — — — Cash paid 5,276 1,999 4,000 2,095 (1) The goodwill is attributable to the expected synergies arising from the acquisition and allocated to the “Artificial Intelligence” operating segment (Note 5). (2) Amortized over the term of up to 7 years . (3) The provisional goodwill is attributable to the expected synergies arising from the acquisition and allocated to the “Gulfstream” operating segment (Note 5). (4) Amortized over the term of 5 to 8 years . (5) The provisional goodwill is attributable to the expected synergies arising from the acquisition and allocated to the “Travel” operating segment (Note 5).
Companies acquired in 2021
BUSINESS ACQUISITIONS
Schedule of purchase price allocation	Zelenaya Tochka GreenBush Credit Consulting Goodwill 1,353 (1) — 46 (2) Customer base 320 (3) — — Trademark 12 — — Other intangible assets 24 1 4 Property, plant and equipment 623 5,171 — Other non-current assets 43 17 — Current assets 1,417 84 18 Cash and cash equivalents 152 9 3 Current liabilities (725) (26) (11) Non‑current liabilities (118) (56) — Total consideration 3,101 5,200 60 Including: Fair value of contingent consideration — — 60 Fair value of previously held interest 1,582 — — Deferred payment 7 — — Cash paid or payable 1,512 5,200 — (1) The goodwill is attributable to the expected synergies arising from the acquisition and allocated to the “Telecom” operating segment (Note 5). (2) The goodwill is attributable to the expected synergies arising from the acquisition and allocated to the “Fintech” operating segment (Note 5). (3) Amortized over the term of 5 years .
Schedule of details of acquisitions of subsidiaries	Consideration paid net of cash Assets acquired Liabilities Acquired company acquired* Cash acquired other than cash assumed Sistema Capital 3,474 26 1,185 90 *
Companies acquired in 2020
BUSINESS ACQUISITIONS
Schedule of purchase price allocation	Stopol Goodwill (1) 282 Other non-current assets 2 Current assets 230 Cash and cash equivalents 69 Current liabilities (262) Total consideration 321 Including: Fair value of contingent consideration 9 Cash paid 312 (1) The goodwill is attributable to the expected synergies resulted from the acquisition and allocated to the “MTS Auto” operating segment within “Other” category in reportable segments.
Schedule of liabilities and indemnification assets in respect to deferred payments	Zelenaya Credit Indemnification asset/ VisionLabs IT-Grad Stopol Tochka Consulting MTT (Liability on deferred payment/ contingent contingent contingent deferred contingent deferred contingent consideration) consideration consideration consideration payment consideration payment January 1, 2020 — (907) — — — — Initial recognition of deferred payment/contingent consideration — — (40) — — — Less: Provision for tax liabilities related to pre-acquisition period — — 26 — — — Reversal of tax provision — — (10) — — — December 31, 2020 — (907) (24) — — — Initial recognition of deferred payment/contingent consideration — — — (7) (60) (160) Less: Provision for tax liabilities related to pre-acquisition period — — 3 — — — Revaluation — 542 — — (1) — Payment — 365 — 7 — — December 31, 2021 — — (21) — (61) (160) Initial recognition of deferred payment/contingent consideration (621) — — — — — Reversal of tax provision — — (8) — Revaluation (54) — (11) — (4) — Payment — — 40 — — 160 December 31, 2022 (675) — — — (65) —
MTT
BUSINESS ACQUISITIONS
Schedule of purchase price allocation	Preliminary Measurement amounts period adjustments Final amounts Goodwill 2,984 (1) (61) 2,923 (1) Customer base 827 (2) (539) 288 (2) Trademark 530 (436) 94 Other intangible assets 590 238 828 Property, plant and equipment 588 821 1,409 Other non-current assets 254 — 254 Current assets 3,056 — 3,056 Cash and cash equivalents 340 — 340 Current liabilities (2,656) — (2,656) Non‑current liabilities (715) (23) (738) Total consideration 5,798 — 5,798 Including: Fair value of offset financial assets 1,958 — 1,958 Deferred payment 160 — 160 Cash paid or payable 3,680 — 3,680 (1) The goodwill is attributable to the expected synergies arising from the acquisition and allocated to the “Telecom” operating segment. (2) Amortized over the term of up to 4 years .

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
SEGMENT INFORMATION (Tables)	Dec. 31, 2022
SEGMENT INFORMATION
Schedule of financial information by reportable segments	Year ended December 31, 2022: Total of reportable HQ and Telecom Fintech segments Other elimination Consolidated Revenue External customers 432,766 64,676 497,442 44,220 87 541,749 Intersegment 5,596 3,763 9,359 21,559 (30,918) — Total revenue 438,362 68,439 506,801 65,779 (30,831) 541,749 OIBDA 199,010 6,355 205,365 28,062 (9,108) 224,319 Depreciation and amortization (114,393) Impairment of non-current assets (489) Operating profit 109,437 Year ended December 31, 2021: Total of reportable HQ and Telecom Fintech segments Other elimination Consolidated Revenue External customers 444,201 47,545 491,746 36,079 96 527,921 Intersegment 4,138 2,770 6,908 19,623 (26,531) — Total revenue 448,339 50,315 498,654 55,702 (26,435) 527,921 OIBDA 204,125 8,593 212,718 24,700 (8,461) 228,957 Depreciation and amortization (110,962) Impairment of non-current assets 10 Operating profit 118,005 Year ended December 31, 2020: Total of reportable HQ and Telecom Fintech segments Other elimination Consolidated Revenue External customers 425,059 34,308 459,367 30,372 92 489,831 Intersegment 4,260 2,463 6,723 13,079 (19,802) — Total revenue 429,319 36,771 466,090 43,451 (19,710) 489,831 OIBDA 200,908 3,356 204,264 18,116 (7,611) 214,769 Depreciation and amortization (100,143) Impairment of non-current assets (2,023) Operating profit 112,603
Schedule of financial information by geographic areas	Revenue 2022 2021 2020 Russia 533,794 520,671 481,536 Other 7,955 7,250 8,295 Total revenue 541,749 527,921 489,831 December 31, Non-current assets (1) 2022 2021 Russia 464,979 443,023 Other 12,773 11,178 Total non-current assets: 477,752 454,201 (1) Comprises property, plant and equipment, goodwill and other intangible assets.
Schedule of disaggregation of revenue	Total of reportable HQ and Year ended December 31, 2022: Telecom Fintech segments Other elimination Consolidated Revenue Connectivity services 387,598 269 387,866 36,417 87 424,370 Sales of goods 42,809 — 42,809 922 — 43,731 Fintech services — 63,543 63,543 — — 63,543 Other services 2,359 864 3,223 6,882 — 10,105 External Customers 432,766 64,676 497,441 44,221 87 541,749 Intersegment 5,596 3,763 9,359 21,559 (30,918) — Total revenue 438,362 68,439 506,800 65,780 (30,831) 541,749 Thereof: Recognised over time 389,957 42,990 454,632 43,299 87 498,018 Recognised at point of time 42,809 21,686 42,809 922 — 43,731 432,765 64,676 497,441 44,221 87 541,749 Total of reportable HQ and Year ended December 31, 2021: Telecom Fintech segments Other elimination Consolidated Revenue Connectivity services 375,719 198 375,917 29,612 96 405,625 Sales of goods 67,290 — 67,290 1,683 — 68,973 Fintech services — 46,632 46,632 — — 46,632 Other services 1,192 715 1,907 4,784 — 6,691 External Customers 444,201 47,545 491,746 36,079 96 527,921 Intersegment 4,138 2,770 6,908 19,623 (26,531) — Total revenue 448,339 50,315 498,654 55,702 (26,435) 527,921 Thereof: Recognised over time 376,911 28,225 424,456 34,396 96 458,948 Recognised at point of time 67,290 19,320 67,290 1,683 — 68,973 444,201 47,545 491,746 36,079 96 527,921 Total of reportable HQ and Year ended December 31, 2020: Telecom Fintech segments Other elimination Consolidated Revenue Connectivity services 363,131 166 363,297 24,705 92 388,094 Sales of goods 61,230 — 61,230 1,593 — 62,823 Fintech services — 33,773 33,773 23 — 33,796 Other services 698 369 1,067 4,051 — 5,118 External Customers 425,059 34,308 459,367 30,372 92 489,831 Intersegment 4,260 2,463 6,723 13,079 (19,802) — Total revenue 429,319 36,771 466,090 43,451 (19,710) 489,831 Thereof: Recognised over time 363,829 24,902 398,137 28,779 92 427,008 Recognised at point of time 61,230 9,406 61,230 1,593 — 62,823 425,059 34,308 459,367 30,372 92 489,831

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	Dec. 31, 2022
REVENUE FROM CONTRACTS WITH CUSTOMERS
Schedule of receivables, contract assets and contract liabilities from contracts with customer	December 31, 2022 2021 Receivables 30,012 32,361 Contract assets 96 189 Total assets 30,108 32,550 Less current portion (29,213) (20,638) Total non-current assets 895 11,912 Contract liabilities: Mobile and fixed telecommunication services (25,499) (22,064) Other services (1,252) (1,056) Loyalty programme (455) (451) Total liabilities (27,206) (23,571) Less current portion 26,082 22,594 Total non-current liabilities (1,124) (977)
Schedule of changes in the contract liabilities	2022 2021 Balance as of January 1 (23,571) (21,842) Revenue recognised that was included in the contract liability balance at the beginning of the period 22,687 18,712 Increase due to cash received, excluding amount recognised as revenue during the period (25,657) (20,441) Aquisition of Gulfstream, Bronevik and Webinar (665) — Balance as of December 31 (27,206) (23,571)
Schedule of revenue related to performance obligations and transaction price that are unsatisfied	The Group expects to recognize revenue related to performance obligations that were unsatisfied (or partially unsatisfied) as of December 31, 2022 as follows: 2023 2024-2028 2029-2033 Total Connectivity services 24,375 1,097 27 25,499 Other services 1,252 — — 1,252 Loyalty programme 455 — — 455 2023 2024-2028 2029-2033 After 2033 Total Connectivity services 812 2,130 210 112 3,264
Schedule of capitalized cost to obtain and fulfill contracts	December 31, 2022 2021 Cost to obtain contracts Gross book value 15,589 14,633 Accumulated amortization (7,080) (6,736) Cost to fulfill contracts Gross book value 4,967 5,240 Accumulated amortization (2,686) (2,279)

SELLING, GENERAL AND ADMINIST_2

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	12 Months Ended
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	Dec. 31, 2022
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
Schedule of selling, general and administrative expenses	2022 2021 2020 Salaries and social contributions 63,181 54,149 48,737 Advertising and marketing expenses 14,145 12,539 10,652 General and administrative expenses 8,961 8,050 7,498 Dealers commission 4,434 3,434 3,385 Universal service fund 3,887 3,813 3,670 Consulting expenses 3,464 3,614 3,409 Cash collection commission 3,130 3,533 3,645 Taxes other than income tax 2,492 1,062 1,844 Other personnel expenses 2,431 1,845 1,539 Utilities and maintenance 1,885 2,550 2,255 Other 1,391 1,446 1,168 Total 109,401 96,035 87,802

FINANCE INCOME AND COSTS (Table

FINANCE INCOME AND COSTS (Tables)	12 Months Ended
FINANCE INCOME AND COSTS (Tables)	Dec. 31, 2022
FINANCE INCOME AND COSTS
Schedule of finance income and costs	2022 2021 2020 Interest expense: – Loans and notes 45,838 29,430 28,174 – Amortization of debt issuance costs 125 109 97 – Lease obligations 12,791 11,816 12,272 – Provisions: unwinding of discount 152 165 138 Total interest expense 58,906 41,520 40,681 (Gain) loss on financial instruments — — 373 Other finance costs (72) 140 84 Total finance costs 58,834 41,660 41,138 Less: amounts capitalized on qualifying assets (1) (850) (534) (426) Debt modification/derecognition and other loss/(gain) 394 216 1,366 Finance costs 58,378 41,342 42,078 Finance income on loans and receivables: – Interest income on bank deposits 1,341 1,468 2,282 – Interest income on loans issued 349 52 17 – Other finance income 84 998 1,138 Finance income 1,774 2,518 3,437 Net finance costs 56,604 38,824 38,641 (1) The annual weighted average capitalization rates of 9.2 %, 6.8 % and 6.9 % were used to determine the amount of capitalized interest for the years ended December 31, 2022, 2021 and 2020, respectively.

OTHER NON-OPERATING (INCOME)__2

OTHER NON-OPERATING (INCOME)/EXPENSES (Tables)	12 Months Ended
OTHER NON-OPERATING (INCOME)/EXPENSES (Tables)	Dec. 31, 2022
OTHER NON-OPERATING (INCOME)/EXPENSES
Schedule of components of other non-operating (income)/expenses	2022 2021 2020 Net forex exchange (gain) / loss (3,404) 560 10,347 Loss/(gain) arising on derivatives 3,616 345 (13,443) Net gain/(loss) arising on financial assets measured at FVTPL 2,287 (139) (1,893) Net gain/(loss) arising on financial liabilities measured at FVTPL 204 — (53) Impairment of investments and loans given — — 1,392 Other 338 (241) 553 Total 3,041 525 (3,097)

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
DISCONTINUED OPERATIONS (Tables)	Dec. 31, 2022
Preludium B.V.
Disposal
Schedule of discontinued operations included in the consolidated statements of profit or loss and cash flows	For the year ended December 31, 2022 2021 2020 Profit on disposal — — 2,101 Currency revaluation gain/(loss) on deferred consideration — — 154 Earn-out revaluation - fair value measurement (1,867) 377 645 Earn-out revaluation - Currency revaluation gain/(loss) — 93 (27) Net (loss)/income attributable to discontinued operations (1,867) 470 2,873 For the year ended December 31, 2021 2020 Net cash provided by investing activities 1,234 2,998
NVision Group
Disposal
Schedule of carrying amounts of assets and liabilities pertaining to the discontinued operation and reconciliation of the loss on disposal	Property, plant and equipment 95 Intangible assets 245 Other non-current assets 220 Other current assets 2,912 Cash and cash equivalents 285 Non-current liabilities (98) Current liabilities (3,281) Accumulated other comprehensive loss 3 Total consideration (369) Satisfied by: Cash and cash equivalents (369) Loss on disposal 11 Net cash inflow arising on disposal: 84 Cash consideration received 369 Less: cash and cash equivalents disposed of (285)
Nvision Czech Republic
Disposal
Schedule of carrying amounts of assets and liabilities pertaining to the discontinued operation and reconciliation of the loss on disposal	As of October 24, 2022, the carrying amounts of discontinued operation net assets and reconciliation of the loss on disposal were as follows: Property, plant and equipment 225 Intangible assets 32 Other non-current assets 371 Other current assets 2,170 Cash and cash equivalents 80 Non-current liabilities (103) Current liabilities (1,547) Accumulated other comprehensive loss 794 Other (202) Less: Fair value of consideration (453) Loss on disposal 1,367 Net cash outflow arising on disposal: (30) Cash consideration received 50 Less: cash and cash equivalents disposed of (80)
Nvision Czech Republic And Nvision Group
Disposal
Schedule of discontinued operations included in the consolidated statements of profit or loss and cash flows	For the year ended December 31, 2022 2021 2020 Nvision Nvision Nvision Czech Czech Czech Nvision Republic a.s. Republic a.s. Republic a.s. Group Total Revenue 6,004 6,482 5,096 10,051 15,147 Expenses (5,802) (6,117) (4,845) (11,293) (16,138) Profit/(Loss) before tax 202 365 251 (1,242) (991) Attributable tax income/(expense) 32 (43) (72) (1,003) (1,075) Profit/(Loss) for the period 234 322 179 (2,245) (2,066) Loss on disposal (1,367) — — (11) (11) Consideration revaluation - fair value measurement 4 — — — — Consideration revaluation - Currency revaluation gain/(loss) 78 — — — — Net (loss)/income attributable to discontinued operations (1,051) 322 179 (2,256) (2,077) For the year ended December 31, 2022 2021 2020 Nvision Nvision Nvision Czech Czech Czech Nvision Republic Republic Republic Group Total a.s. a.s. a.s. Net cash provided by/(used in) operating activities 61 (204) 73 (1,466) (1,393) Net cash provided by/(used in) investing activities (69) 356 (81) 664 583 Net cash provided by/(used in) financing activities 31 (154) (75) 748 673

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
INCOME TAX (Tables)	Dec. 31, 2022
INCOME TAX
Schedule of Significant components of income tax expense	2022 2021 2020 Current income tax charge 14,480 20,089 15,151 Prior period tax adjustments 159 (173) (490) Total current income tax 14,639 19,916 14,661 Deferred tax (991) (4,556) 1,394 Income tax expense on continuing operations 13,648 15,360 16,055
Schedule of the effective income tax rate to the statutory income tax rate	2022 2021 2020 Statutory income tax rate for the year 20.0 % 20.0 % 20.0 % Adjustments: Expenses not deductible for tax purposes 2.5 0.1 1.3 Prior periods tax effects 0.3 (0.2) (0.7) Different tax rate of subsidiaries (0.6) (0.8) (0.8) Withholding tax on distributed and undistributed profits 4.1 1.6 1.5 Change in fair value of derivative financial instruments 0.5 — — Changes in recognized deferred tax assets — (0.9) (0.1) Other 0.5 (0.3) (0.4) Effective income tax rate 27.3 % 19.5 % 20.8 %
Schedule of deferred income tax assets and liabilities	2022 2021 Deferred tax assets 11,610 11,683 Deferred tax liabilities (17,759) (17,901) Net deferred tax liabilities (6,149) (6,218)
Schedule of movements in deferred tax assets and liabilities	Recognised in other Effect of December 31, Recognised in compre-hensive acquisitions December 31, 2021 profit / loss income and disposal 2022 Assets / (liabilities) arising from tax effect of: Property, plant and equipment (19,680) (871) 62 — (20,489) Other intangible assets (5,458) 3,296 — (260) (2,422) Potential distributions from/to Group’s subsidiaries/ associates and joint ventures (2,426) (1,240) 98 — (3,568) Licenses (1,675) 79 — — (1,596) Customer base (592) 550 — (768) (810) Capitalization of cost to obtain and fulfill contracts (1,830) (86) — — (1,916) Accrued expenses for services 7,814 872 (8) (59) 8,619 Write-down of inventories 238 266 3 — 507 Allowance for ECL 3,254 731 5 — 3,990 Lease obligations 31,093 (2,130) (5) — 28,958 Right-of-use assets (26,076) 2,317 7 (1) (23,753) Loss carryforward 5,857 (2,379) 2 38 3,518 Contract liabilities 1,606 276 — — 1,882 Debt modification (73) 79 — — 6 Other 1,730 (769) 16 (52) 925 Net deferred tax liability (6,218) 991 180 (1,102) (6,149) Recognised in other December 31, Recognised in compre-hensive Effect of December 31, 2020 profit / loss income acquisitions 2021 Assets / (liabilities) arising from tax effect of: Property, plant and equipment (18,250) (1,352) 32 (110) (19,680) Other intangible assets (6,314) 998 — (142) (5,458) Potential distributions from/ to Group’s subsidiaries/ associates and joint ventures (2,506) 166 (86) — (2,426) Licenses (1,699) 24 — — (1,675) Customer base (470) 107 — (229) (592) Capitalization of cost to obtain and fulfill contracts (1,668) (162) — — (1,830) Accrued expenses for services 7,158 588 (1) 69 7,814 Write-down of inventories 413 (178) — 3 238 Allowance for ECL 2,713 533 3 5 3,254 Lease obligations 29,910 1,181 (1) 3 31,093 Right-of-use assets (25,686) (392) 2 — (26,076) Loss carryforward 3,961 1,801 — 95 5,857 Contract liabilities 1,430 176 — — 1,606 Debt modification (123) 50 — — (73) Other 718 981 31 — 1,730 Net deferred tax liability (10,413) 4,521 * (20) (306) (6,218) * In the total amount of RUB 4,521 million, RUB (35) million were reported as discontinued operations in the accompanying consolidated statement of profit or loss for the year ended December 31, 2021.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
EARNINGS PER SHARE (Tables)	Dec. 31, 2022
EARNINGS PER SHARE
Schedule of computation of earnings per share	2022 2021 2020 Numerator: Profit for the year from continuing operations attributable to the owners of the company 35,492 62,681 60,616 Profit / (loss) for the year from discontinued operations attributable to the owners of the company (2,918) 792 796 Denominator, in thousands: Weighted-average ordinary shares outstanding 1,679,533 1,693,244 1,760,468 Employee stock options 25,883 8,541 1,310 Weighted-average diluted shares outstanding 1,705,416 1,701,785 1,761,778 Earnings per share – basic, Russian Rubles 19.39 37.49 34.88 Basic EPS from continuing operations 21.13 37.02 34.43 Basic EPS from discontinued operations (1.74) 0.47 0.45 Earnings per share – diluted, Russian Rubles 19.10 37.30 34.86 Diluted EPS from continuing operations 20.81 36.83 34.41 Diluted EPS from discontinued operations (1.71) 0.47 0.45

CASH AND CASH EQUIVALENTS (Tabl

CASH AND CASH EQUIVALENTS (Tables)	12 Months Ended
CASH AND CASH EQUIVALENTS (Tables)	Dec. 31, 2022
CASH AND CASH EQUIVALENTS
Schedule of cash and cash equivalents	December 31, 2022 2021 Cash and cash equivalents at banks and on hand in: Russian Rubles 33,912 17,911 Chinese yuan 12,404 15 US Dollars 11,902 1,766 Euro 7,516 2,899 Turkmenian Manat 314 367 Other 2,031 801 Short-term deposits with an original maturity of less than 92 days: Russian Rubles 10,213 16,594 Other — 237 Total cash and cash equivalents 78,292 40,590

SHORT-TERM INVESTMENTS (Tables)

SHORT-TERM INVESTMENTS (Tables)	12 Months Ended
SHORT-TERM INVESTMENTS (Tables)	Dec. 31, 2022
SHORT-TERM INVESTMENTS
Schedule of short-term investments	December 31, Category 2022 2021 Investments in mutual funds (Notes 27) At FVTPL 12,749 10,719 Assets in Sistema Capital trust management (Notes 27) At FVTPL 9,426 10,374 Notes / loans At amortized cost 2,235 6,383 Deposits At amortized cost 9 1,499 Short-term investments, gross 24,419 28,975 Allowance for ECL 3 (3) Total short-term investments 24,422 28,972

INVESTMENTS IN ASSOCIATES AND_2

INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (Tables)	12 Months Ended
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (Tables)	Dec. 31, 2022
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Schedule of investments in venture capital associates	December 31, Fair value December 31, 2022 adjustment Investment 2021 Total investments in associates measured at fair value through profit or loss 477 — 172 305
Investments in individually insignificant joint ventures
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Schedule of the composition of the Group's share of loss/(income) of associate	Year ended December 31, 2022 2021 Net (income)/loss for the year 1,362 114 The Group’s share of the (income)/loss of the joint venture for the year 260 32 Total comprehensive income for the year 1,362 114 Gain on remeasurement of previously held interest upon acquisition — (415) Compensation of losses — (96) The Group’s share of total comprehensive (income)/loss of the joint venture for the year 260 (479)
MTS Belarus
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Schedule of reconciliation of summarized financial information to the carrying amount of the Group's interest in associate	December 31, December 31, 2022 2021 Assets Non-current assets 14,743 19,030 Current assets 11,940 15,386 Liabilities Non-current liabilities (4,497) (9,062) Current liabilities (10,354) (12,568) Total identifiable net assets 11,832 12,786 The Group’s share in associate 49 % 49 % The Group’s share of identifiable net assets 5,798 6,265 Carrying amount of the Group’s interest 5,798 6,265
Schedule of the composition of the Group's share of loss/(income) of associate	Year ended December 31, 2022 2021 2020 Revenue 37,444 39,383 36,121 Net profit for the year 9,863 10,379 10,267 The Group’s share of the profit of the associate for the year 4,833 5,086 5,031 Other comprehensive income/(loss) for the year (1,541) 183 (397) Total comprehensive income for the year 8,322 10,562 9,870 The Group’s share of total comprehensive income of the associate for the year 4,078 5,175 4,836 Dividends received (4,545) (4,034) (4,212)
Investments in Ozon Holdings Ltd and other individually insignificant associates and joint venture
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Schedule of investments in associates and joint ventures	Country of December 31, December 31, operations Operating activity 2022 2021 MTS Belarus Belarus telecommunications 5,798 6,265 Zelenaya Tochka Russia telecommunications 199 141 YouDo Russia classifieds 667 705 Other unquoted companies Russia 2,611 1,319 Total investments in associates and joint ventures accounted for using the equity method 9,275 8,430 Other unquoted companies accounted for at fair value through profit or loss Russia 477 305 Total investments in associates 9,752 8,735
Investments in individually insignificant associates and joint ventures
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Schedule of the composition of the Group's share of loss/(income) of associate	Year ended December 31, 2022 2021 2020 Net (income) for the year (1,035) (856) (1,048) The Group’s share of the (income)/loss of the associate for the year (209) (181) (273) Other comprehensive income for the year — — — Total comprehensive (income) for the year (1,035) (856) (1,048) The Group’s share of total comprehensive (income)/loss of the associate for the year (209) (181) (273)

OTHER INVESTMENTS (Tables)

OTHER INVESTMENTS (Tables)	12 Months Ended
OTHER INVESTMENTS (Tables)	Dec. 31, 2022
OTHER INVESTMENTS
Schedule of other investments	December 31, Category 2022 2021 Debt securities At amortized cost 1,299 2,810 Investments in equity FVPL 2,000 1,228 Loans and unquoted notes At amortized cost 4,239 555 Other investments (Gross) 7,538 4,593 Allowance for ECL 1 (2) Total other investments 7,539 4,591

TRADE AND OTHER RECEIVABLES (Ta

TRADE AND OTHER RECEIVABLES (Tables)	12 Months Ended
TRADE AND OTHER RECEIVABLES (Tables)	Dec. 31, 2022
TRADE AND OTHER RECEIVABLES
Schedule of trade and other receivables	December 31, 2022 2021 Subscribers 16,689 15,240 Handset sales financing 5,630 12,161 Property 2,607 683 Bank commission 2,512 1,208 Bonuses from suppliers 2,467 892 Interconnect 1,658 1,640 Sharing 1,474 2,164 Integration services 1,070 1,584 Roaming 686 800 Dealers 267 161 Factoring 64 282 Other receivables 6,179 6,516 Allowance for ECL (3,245) (3,536) Trade and other receivables, total 38,058 39,795 Less non-current portion (882) (1,898) Trade and other receivables, current 37,176 37,897
Schedule of analysis of the age of trade and other accounts receivables	The analysis of the age of trade and other accounts receivables and the respective allowance for ECL as of December 31, 2022: Receivables from subscribers and dealers and other trade Loss allowance receivables assessed for Weighted- (based on impairement based on provision average Gross carrying provision matrix loss rate amount matrix) Credit-impaired Current 1 % 2,602 (29) No 1 - 30 days past due 3 % 12,490 (390) No 31 - 60 days past due 38 % 506 (195) No 60 - 90 days past due 58 % 392 (228) No More than 90 days past due 78 % 966 (755) Yes Total 9 % 16,956 (1,597) Receivables from the sharing agreement, interconnect, integration services and other Weighted- Loss allowance receivables based on individual average Gross carrying (individually approach loss rate amount assessed) Credit-impaired Current 2 % 11,158 (187) No 1 - 30 days past due 0 % 2,956 (11) No 31 - 60 days past due 2 % 785 (19) No 60 - 90 days past due 2 % 586 (12) No More than 90 days past due 22 % 3,231 (713) Yes Total 5 % 18,716 (942) Loss allowance Weighted- (based on Receivables from handset sales average Gross carrying provision financing loss rate amount matrix) Credit-impaired Current 1 % 4,628 (68) No 1 - 30 days past due 21 % 123 (25) No 31 - 60 days past due 41 % 63 (25) No 60 - 90 days past due 52 % 58 (30) No More than 90 days past due 74 % 759 (558) Yes Total 13 % 5,631 (706) The analysis of the age of trade and other accounts receivables and the respective allowance for ECL as of December 31, 2021: Receivables from subscribers and dealers and other trade Loss allowance receivables assessed for Weighted- (based on impairement based on provision average Gross carrying provision matrix loss rate amount matrix) Credit-impaired Current 1 % 2,560 (27) No 1 - 30 days past due 3 % 10,848 (332) No 31 - 60 days past due 32 % 583 (189) No 60 - 90 days past due 45 % 355 (161) No More than 90 days past due 78 % 1,055 (818) Yes Total 10 % 15,401 (1,527) Receivables from the sharing agreement, interconnect, integration services and other Weighted- Loss allowance receivables based on individual average Gross carrying (individually approach loss rate amount assessed) Credit-impaired Current 2 % 9,407 (193) No 1 - 30 days past due 1 % 2,219 (8) No 31 - 60 days past due 1 % 1,119 (16) No 60 - 90 days past due 5 % 624 (31) No More than 90 days past due 36 % 2,400 (865) Yes Total 7 % 15,769 (1,113) Loss allowance Weighted- (based on Receivables from handset sales average Gross carrying provision financing loss rate amount matrix) Credit-impaired Current 2 % 10,948 (180) No 1 - 30 days past due 12 % 289 (34) No 31 - 60 days past due 47 % 94 (45) No 60 - 90 days past due 58 % 74 (43) No More than 90 days past due 78 % 756 (594) Yes Total 7 % 12,161 (896)
Schedule of changes in the allowance for expected credit losses	2022 2021 2020 Balance, beginning of the year (3,536) (4,623) (4,203) Allowance for ECL (2,203) (1,135) (3,382) Accounts receivable written off 2,522 2,232 2,719 Disposal/(Acquisition) of subsidiaries (28) (10) 243 Balance, end of the year (3,245) (3,536) (4,623)

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
INVENTORIES (Tables)	Dec. 31, 2022
INVENTORIES
Schedule of inventory and spare parts	December 31, 2022 2021 Handsets and accessories 10,290 15,201 SIM cards and prepaid phone cards 1,495 853 Software and equipment for installation and resale 1,433 364 Advertising and other materials 630 1,934 TV equipment for resale 305 449 Spare parts for telecommunication equipment 46 180 Total inventories 14,199 18,981
Schedule of cost of goods	2022 2021 2020 Amount of inventories recognized as an expense 38,233 65,818 58,677 Inventory obsolescence provision 3,833 1,625 1,465 Reversal of obsolescence provision (913) (169) (570) Total cost of goods 41,153 67,274 59,572

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
PROPERTY, PLANT AND EQUIPMENT (Tables)	Dec. 31, 2022
PROPERTY, PLANT AND EQUIPMENT
Schedule of property, plant and equipment expected useful lives	Network and base station equipment: Network infrastructure 3-50 years Other 3-20 years Land and buildings: Buildings 7-99 years Leasehold improvements the term of the lease Office equipment, vehicles and other: Office equipment 2-7 years Vehicles 2-10 years Other 2-25 years
Schedule of net book value of property, plant and equipment	Balances of cost, accumulated depreciation, net book value as of December 31, 2022, 2021 and 2020 and movements of property, plant and equipment for the year ended December 31, 2022, 2021 and 2020 were as follows: Office Construction Network and equipment, in progress base station Land and vehicles and and equipment equipment buildings other for installation Total Cost January 1, 2020 560,599 34,556 57,269 21,896 674,320 Additions (173) 434 729 74,032 75,022 Transferred into use 53,005 1,317 12,286 (66,608) — Arising on business combinations 578 4 6 — 588 Disposal of NVISION GROUP (Note 10) — — (314) (18) (332) Transfer to assets held for sale (2,890) (475) (34) (3) (3,402) Disposal (38,293) (447) (4,405) (255) (43,400) Other (4) 675 30 35 736 Foreign exchange differences 2,286 495 520 74 3,375 December 31, 2020 575,108 36,559 66,087 29,153 706,907 Additions 2,432 38 801 75,450 78,721 Transferred into use 57,666 748 11,499 (69,913) — Arising on business combinations 973 4,601 605 204 6,383 Transfer to assets held for sale (992) (1) (24) (27) (1,044) Disposal (44,394) (559) (5,542) 334 (50,161) Other (341) 482 159 (137) 163 Foreign exchange differences 1,306 10 170 12 1,498 December 31, 2021 591,758 41,878 73,755 35,076 742,467 Additions 1,748 68 419 53,630 55,865 Transferred into use 39,096 1,965 9,426 (50,487) — Arising on business combinations 289 — 91 14 394 Transfer to assets held for sale (978) — (26) — (1,004) Disposal of Nvision CR a.s. (Note 10) — (840) (953) — (1,793) Disposal (22,082) 74 (3,267) (127) (25,402) Other (2,948) 540 1,280 66 (1,062) Foreign exchange differences 937 (438) (373) (1) 125 December 31, 2022 607,820 43,247 80,352 38,171 769,590 Accumulated amortisation and impairment January 1, 2020 (362,006) (10,571) (36,264) — (408,841) Charge for the year (43,220) (1,153) (5,696) — (50,069) Disposal of NVISION GROUP (Note 10) — — 236 — 236 Transfer to assets held for sale 1,899 146 (7) — 2,038 Disposal 33,058 343 4,165 — 37,566 Other (5) (133) (34) — (172) Foreign exchange differences (1,968) (397) (496) — (2,861) December 31, 2020 (372,242) (11,765) (38,096) — (422,103) Charge for the year (44,387) (1,204) (7,548) — (53,139) Transfer to assets held for sale 1,247 1 15 — 1,263 Disposal 38,225 435 5,062 — 43,722 Other 277 (99) (4) — 174 Foreign exchange differences (1,016) (6) (112) — (1,134) December 31, 2021 (377,896) (12,638) (40,683) — (431,217) Charge for the year (43,211) (1,167) (9,550) — (53,928) Transfer to assets held for sale 899 — 23 — 922 Disposal of Nvision CR a.s. (Note 10) — 794 775 — 1,569 Disposal 21,957 (111) 3,362 — 25,208 Other 210 (20) (1,163) — (973) Foreign exchange differences 240 474 624 — 1,338 December 31, 2022 (397,801) (12,668) (46,612) — (457,081) Net book value December 31, 2021 213,862 29,240 33,072 35,076 311,250 December 31, 2022 210,019 30,579 33,740 38,171 312,509

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
GOODWILL (Tables)	Dec. 31, 2022
GOODWILL
Summary of change in the net carrying amount of goodwill	Telecom Other Total Balance at January 1, 2021 Gross amount of goodwill 30,924 13,904 44,828 Accumulated impairment loss (1,466) (5,321) (6,787) 29,458 8,583 38,041 Acquisitions (Note 4) 4,337 46 4,383 Reclassification (Note 5) 253 (253) — Currency translation adjustment — 395 395 Balance at December 31, 2021 Gross amount of goodwill 35,514 14,092 49,606 Accumulated impairment loss (1) (1,466) (5,321) (6,787) 34,048 8,771 42,819 Acquisitions (Note 4) 2,609 10,107 12,716 Measurement period adjustment (Note 4) (61) — (61) Impairment (Note 21) — (489) (489) Currency translation adjustment — 709 709 Balance at December 31, 2022 Gross amount of goodwill 38,062 24,908 62,970 Accumulated impairment loss (1) (1,466) (5,810) (7,276) 36,596 19,098 55,694 (1)

IMPAIRMENT REVIEW (Tables)

IMPAIRMENT REVIEW (Tables)	12 Months Ended
IMPAIRMENT REVIEW (Tables)	Dec. 31, 2022
IMPAIRMENT REVIEW
Schedule of impairment loss by CGU	The total amount of impairment loss and reversal of impairment charges for the year ended December 31, 2022, 2021 and 2020 was allocated to the long-lived assets carrying amounts as follows: 2022 2021 2020 MTS MTS MTS Gambit Auto Turkmenistan Entertainment Kinopolis Turkmenistan Goodwill 207 282 — 1,281 — — Property, plant and equipment — — (10) — — (66) Investment property — — — — 807 — Total 207 282 (10) 1,281 807 (66)
Schedule of OIBDA margin applied for value-in-use calculation of related CGUs	December 31, CGU 2022 2021 Russia Convergent 37.5%-37.9% 41.3%-46.9% Armenia 50.6%-54.2% 53.5%-60.3% MGTS Commercial 50.6%-54.2% 59.9%-63.0% MGTS Service 31.4%-33.9% 42.5%-51.8% Entertainment 2.1%-11.9% 4.8%-12% Cloud 39.8%-59.1% 37.7%-67.3%
Schedule of capital expenditure as a percentage of revenue applied for value-in-use calculations of related CGUs	December 31, CGU 2022 2021 Russia Convergent 22 % 18 % Armenia 22 % 22 % MGTS Commercial 19 % 16 % MGTS Service 15 % 16 % Entertainment 10 % 3 % Cloud 61 % 17 %
Schedule of terminal growth rates applied for value in-use-calculation of related CGUs	December 31, CGU 2022 2021 Russia Convergent 1 % 1 % Armenia nil nil MGTS Commercial 1 % 1 % MGTS Service 1 % 1 % Entertainment 1.5 % 1.5 % Cloud 1 % 1 %
Schedule of pre-tax rates for discounting cash flows in functional currencies of related CGUs	December 31, CGU 2022 2021 Russia Convergent 16.9 % 10.1 % Armenia 12.3 % 11.2 % MGTS Commercial 17.3 % 12.7 % MGTS Service 16.5 % 9.9 % Entertainment 20.4 % 13.1 % Cloud 18.8 % 13.6 %

OTHER INTANGIBLE ASSETS (Tables

OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
OTHER INTANGIBLE ASSETS (Tables)	Dec. 31, 2022
OTHER INTANGIBLE ASSETS
Schedule of balances of cost, accumulated amortization, net book value and movements of other intangible assets	Balances of historical cost, accumulated amortization, net book value as of December 31, 2022 and 2021 and movements of other intangible assets for the year ended December 31, 2022, 2021 and 2020 were as follows: Right to use Billing and Cost to radio other Numbering obtain Licenses frequencies software Client base capacity contracts Content Other Total Useful life, years 1 to 20 1 to 15 1 to 25 4 to 31 2 to 15 2 to 5 1 to 5 1 to 10 Cost January 1, 2020 21,705 5,689 139,968 5,930 2,677 13,635 — 3,096 192,700 Additions 1,466 (11) 35,277 — 15 10,390 — 1,941 49,078 Disposal of NVISION GROUP (Note 10) — — (311) — — — — — (311) Reclassification into assets for sale — — (184) — — — — — (184) Impairment — 43 (167) — — — — (2) (126) Disposal (108) (172) (28,035) (73) (24) (9,758) — (1,033) (39,203) Other 25 30 (83) — — — — (1) (29) Foreign exchange differences 913 — 386 — — — — 4 1,303 December 31, 2020 24,001 5,579 146,851 5,857 2,668 14,267 — 4,005 203,228 Additions 1,350 — 34,421 — 75 3,653 — 5,494 44,993 Arising on business combinations — — 571 1,147 174 — — 576 2,468 Reclassification into assets for sale — — (17) — — — — — (17) Impairment (1) 21 — — — — — — 20 Disposal (39) (233) (14,783) (680) (251) (3,287) — (1,064) (20,337) Other — 1 (97) — — — — (9) (105) Foreign exchange differences 992 — 381 — — — — (1) 1,372 December 31, 2021 26,303 5,368 167,327 6,324 2,666 14,633 — 9,001 231,622 Additions 1,231 — 31,934 — 134 3,945 7,952 205 45,402 Arising on business combinations (Note 4) — — 713 4,447 — 260 — 619 6,039 Disposal of Nvision CR a.s. — — (89) — — — — — (89) Disposal (63) (174) (11,810) (619) (24) (3,250) — (465) (16,405) Other 34 (34) 52 — — — (9) (35) 8 Foreign exchange differences 1,778 — 298 (539) (66) — — (468) 1,003 December 31, 2022 29,283 5,160 188,425 9,613 2,710 15,588 7,943 8,857 267,579 Accumulated amortisation and impairment January 1, 2020 (13,182) (4,098) (82,096) (3,048) (2,611) (6,394) — (1,542) (112,971) Charge for the year (1,266) (367) (25,146) (431) (27) (9,964) — (345) (37,546) Disposal of NVISION GROUP (Note 10) — — 77 — — — — — 77 Disposal 71 160 27,953 72 24 9,758 — 402 38,440 Other (10) (31) 81 — — — — 2 42 Foreign exchange differences (894) — (275) — — — — 2 (1,167) December 31, 2020 (15,281) (4,336) (79,406) (3,407) (2,614) (6,600) — (1,481) (113,125) Charge for the year (1,443) (349) (29,737) (631) (35) (3,424) — (1,867) (37,486) Disposal 3 228 14,716 679 249 3,288 — 920 20,083 Other — — 204 — — — — 16 220 Foreign exchange differences (971) — (211) — — — — — (1,182) December 31, 2021 (17,692) (4,457) (94,434) (3,359) (2,400) (6,736) — (2,412) (131,490) Charge for the year (1,607) (312) (31,702) (820) (55) (3,596) (2,144) (89) (40,325) Disposal of Nvision CR a.s. (Note 10) — — 57 — — — — — 57 Impairment — — (1,150) — — — — (18) (1,168) Disposal 38 193 11,792 619 24 3,250 — 439 16,355 Other (31) 31 (39) 3 — 3 7 22 (5) Foreign exchange differences (1,742) — 191 — 66 — — 31 (1,454) December 31, 2022 (21,034) (4,545) (115,285) (3,557) (2,365) (7,080) (2,137) (2,027) (158,030) Net book value December 31, 2021 8,611 911 72,893 2,965 266 7,897 — 6,589 100,132 December 31, 2022 8,249 615 73,140 6,056 345 8,509 5,806 6,830 109,549

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
BORROWINGS (Tables)	Dec. 31, 2022
BORROWINGS
Schedule of the Group's borrowings	December 31, 2022 2021 Notes 195,929 191,996 Bank and other loans 290,211 270,143 Total borrowings 486,140 462,139 Less: current portion (117,747) (111,839) Total borrowings, non-current 368,393 350,300
Schedule of aggregated scheduled maturities of principal on notes and bank loans	December 31, 2022 Bank loans Notes and other debt Payments due in the year ending December 31, 2023 63,963 90,636 2024 67,213 76,944 2025 41,246 150,222 2026 38,415 15,242 2027 22,477 — Contractual undiscounted cash flows 233,314 333,044 Less: unamortized debt issuance costs (321) — Less: interest (37,064) (41,762) Less: debt modification — (459) Less: subsidized interest rate effect — (612) Total debt 195,929 290,211

RIGHT-OF-USE ASSETS AND LEASE_2

RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS (Tables)	12 Months Ended
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS (Tables)	Dec. 31, 2022
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
Schedule of estimated terms over which right-of-use assets are amortized	Sites for placement of network equipment and base stations inside the buildings 10 years Sites for placement of network equipment and base stations on land 20 years Retail stores Up to 8 years Administrative offices, warehouses, parking garages not less than 3 years Vehicles 4 – 5 years
Schedule of net book value and depreciation charge of rights-of-use assets	December 31, 2022 2021 Sites for network and base station equipment 83,795 91,566 Land and buildings 36,005 40,572 Vehicles and other 392 205 Right-of-use assets, net 120,192 132,343 2022 2021 2020 Sites for network and base station equipment 11,600 11,448 6,903 Land and buildings 7,585 8,274 11,858 Vehicles and other 155 103 43 Depreciation charge, total 19,340 19,825 18,804
Schedule of expenses recognized in respect of variable lease payments not included on the measurement of lease liabilities and short-term leases	2022 2021 2020 Variable lease payments 11,349 10,623 9,542 Short-term leases 130 310 195 Total 11,479 10,933 9,737
Schedule of capital leases future minimum lease payments and present value of the net minimum lease payments	December 31, 2022 2021 Lease payments, including: Current portion (less than 1 year) 31,450 29,758 More than 1 to 5 years 96,822 101,965 Over 5 years 84,646 91,031 Total lease payments 212,918 222,754 Less amount representing interest (69,416) (68,245) Present value of net lease payments 143,502 154,509 Less current portion of lease obligations (19,608) (18,709) Non-current portion of lease obligations 123,894 135,800

RECONCILIATION OF LIABILITIES_2

RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2022
RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES
Schedule of Reconciliation of liabilities arising from financial activities	Foreign Other Change in December 31, Financing Operating Acquisitions/ exchange comprehensive Change retained Other December 31, 2021 cash flows cash flows Disposals movement income in fair value earnings changes 1 2022 Notes (Note 23) 191,996 6,941 — — (2,768) — — — (240) 195,929 Bank and other loans (Note 23) 270,143 15,840 — 1,970 (82) — — — 2,340 290,211 Lease obligation (Note 24) 154,509 (16,443) (13,040) 252 (335) — — — 18,559 143,502 Dividends payable (Note 32) 68 (40,959) — 220 — — — 57,015 247 16,591 Liability under put option agreement — — — 2,577 — — 204 — — 2,781 Неdge asset (net) (3,290) — — — 3,805 — — — (515) — Total liabilities arising from financial activities 613,426 (34,621) (13,040) 5,019 620 — 204 57,015 20,391 649,014 1) Including accrual of liabilities related to repurchase of common stock, additions under lease agreements, dividends related to non-controlling interest, depreciation of debt issuance cost, modification gain and other changes. Foreign Other Change in December 31, Financing Operating Acquisitions/ exchange comprehensive Change retained Other December 31, 2020 cash flows cash flows Disposals movement income in fair value earnings changes 1 2021 Notes (Note 23) 208,155 (16,504) — — 187 — — — 158 191,996 Bank and other loans (Note 23) 221,113 48,718 — 1,735 — (10) — — (1,413) 270,143 Lease obligation (Note 24) 150,814 (16,515) (11,548) 146 45 72 — — 31,495 154,509 Payables related to repurchase of common stock (Note 32) — (21,483) — — — — — — 21,483 — Dividends payable (Note 32) 109 (61,955) — — — — — 61,967 (53) 68 Payables related to transactions under common control — (3,474) — — — — — — 3,474 — Liability under put option agreement 62 — — — — — (62) — — — Hedge asset (net) (3,591) — — — (125) — — — 426 (3,290) Total liabilities arising from financial activities 576,662 (71,213) (11,548) 1,881 107 62 (62) 61,967 55,570 613,426 1) Including accrual of liabilities related to repurchase of common stock, additions under lease agreements, dividends related to non-controlling interest, depreciation of debt issuance cost, modification gain and other changes.

PROVISIONS (Tables)

PROVISIONS (Tables)	12 Months Ended
PROVISIONS (Tables)	Dec. 31, 2022
PROVISIONS
Schedule of the movement in provisions	Tax Provision provisions for Employee Litigation other than decommissioning bonuses and Other for income and and other provisions Total tax restoration rewards (Note 33) provisions January 1, 2020 (563) (4,788) (10,043) (893) (16,287) Arising during the year (211) (914) (14,770) (3,860) (19,755) Utilised 29 54 16,489 137 16,709 Discount rate adjustment and imputed interest (change in estimates) 1 (138) 67 — (70) Unused amounts reversed 8 513 (125) 114 510 Arising due to acquisitions of subsidiaries — — — — — Disposal of Nvision Group 115 — 245 9 369 Other — — (62) (2) (64) December 31, 2020 (621) (5,273) (8,199) (4,495) (18,588) Current portion (621) (229) (8,115) (4,495) (13,460) Non-current portion — (5,044) (84) — (5,128) January 1, 2021 (621) (5,273) (8,199) (4,495) (18,588) Arising during the year (74) (2,329) (17,860) (1,862) (22,125) Utilised 161 31 13,258 1,736 15,186 Discount rate adjustment and imputed interest (change in estimates) — (145) 4 — (141) Unused amounts reversed 488 226 580 (2) 1,292 Arising due to acquisitions of subsidiaries (207) — (159) (3) (369) Other (1) — (18) (3) (22) December 31, 2021 (254) (7,490) (12,394) (4,629) (24,767) Current portion (254) (284) (12,312) (4,629) (17,479) Non-current portion — (7,206) (82) — (7,288) January 1, 2022 (254) (7,490) (12,394) (4,629) (24,767) Arising during the year (88) (2,118) (23,513) (5,766) (31,485) Utilised 24 68 17,537 3,069 20,698 Discount rate adjustment and imputed interest (change in estimates) — (173) — — (173) Unused amounts reversed 132 4,597 205 6 4,940 Arising due to acquisitions of subsidiaries (117) — (160) (7) (284) Other — 20 — 6 26 December 31, 2022 (303) (5,096) (18,325) (7,321) (31,045) Current portion (303) (133) (16,000) (7,321) (23,757) Non-current portion — (4,963) (2,325) — (7,288)

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Dec. 31, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of financial assets	December 31, 2022 2021 Cash and cash equivalents (Note 13) 78,292 40,590 Trade and other receivables (Note 17) 38,058 39,795 Accounts receivable, related parties (Note 30) 4,410 7,287 Other financial assets: Financial assets at amortized cost: Deposits and loans issued 238,816 208,018 Notes 3,096 9,158 Other 4,031 2,138 Total financial assets at amortized cost 245,943 219,314 Financial assets at fair value through profit or loss: Securities (notes, shares and other) 23,815 46,780 Investments in equity 2,208 1,228 Derivative instruments 761 4,627 Contingent consideration (Note 10) 473 1,867 Call and put options 112 112 Embedded derivatives in a lease agreement 82 434 Currency forwards, swaps and options not designated as hedges — 110 Total financial assets at fair value through profit or loss 27,451 55,158 Financial assets at fair value through other comprehensive income: Notes 22,394 — Total financial assets at fair value through other comprehensive income 22,394 — Total other financial assets 295,788 274,472 Total financial assets 416,548 362,144 Less current portion (262,767) (224,862) Total financial assets, non-current 153,781 137,282
Schedule of financial liabilities	December 31, 2022 2021 Trade and other payables 67,166 72,078 Accounts payable, related parties (Note 30) 1,451 4,107 Other financial liabilities: Financial liabilities at amortized cost: Bank and other loans (Note 23) 290,211 270,143 Bank deposits and liabilities(Note 29) 273,141 221,368 Notes (Note 23) 195,929 191,996 Lease obligations (Note 24) 143,502 154,509 Total financial liabilities at amortized cost 902,783 838,016 Financial liabilities at fair value through profit or loss: Call and put ptions (Note 4) 2,780 — Securities (notes, shares and other) 2,450 — Contingent consideration and other 1,220 383 Total financial liabilities at fair value through profit or loss 6,450 383 Total other financial liabilities 909,233 838,399 Total financial liabilities 977,850 914,584 Less current portion (469,701) (413,990) Total financial liabilities, non-current 508,149 500,594
Schedule of significant quantitative inputs used to measure its fair value	December 31, Unobservable inputs 2022 Discount rate 15 % Revenue growth rate 20.7–22.4 % (av. 21.5%) OIBDA margin 7.0–10.5 % (av. 8.7%) December 31, Unobservable inputs 2022 Discount rate 14.4 % Revenue growth rate 29.3 - 24.9 % (av. 27.1%)
Schedule of fair value of financial instruments	December 31, Level of inputs 2022 2021 Assets Notes Level 1 21,715 25,687 Securities (notes, shares and other) Level 2 24,494 21,093 Derivative instruments Level 2 761 4,737 Cross-currency swaps 719 4,627 interest rate swaps 42 Currency forwards, swaps and options — 110 Embedded derivatives in a lease agreement Level 2 82 434 Investments in equity Level 3 2,208 1,228 Contingent consideration Level 3 473 1,867 Call and put options Level 3 112 112 Liabilities Securities (notes, shares and other) Level 2 (2,450) — Call and put options (Note 4) Level 3 (2,780) — Contingent consideration and other Level 3 (1,220) (383)
Schedule of net realized and unrealized gains (losses) of level 3 assets and liabilities	For the years ended December 31, 2022 2021 2020 Net realized gains of Level 3 assets 1,032 2,263 3,083 Net realized losses of Level 3 liabilities (40) (420) (20) 992 1,843 3,063 For the years ended December 31, 2022 2021 2020 Net unrealized (losses)/gains of Level 3 assets (1,446) 385 1,130 Net unrealized (losses)/gains of Level 3 liabilities (3,657) 391 (39) (5,103) 776 1,091
Schedule of borrowings, gross of debt issuance costs, where carrying value does not approximate fair value	December 31, 2022 December 31, 2021 Level of Carrying Carrying inputs Fair value value Fair value value Bank deposits and loans to customers Level 3 236,485 234,334 210,623 205,936 Total bank deposits and loans to customers 236,485 234,334 210,623 205,936 Notes Level 1 (145,143) (145,565) (173,903) (174,984) Notes Level 2 (22,203) (23,365) — — Unquoted notes Level 3 (27,000) (27,000) (17,012) (17,012) Bank and other loans (Note 23) Level 3 (289,735) (290,211) (267,405) (270,143) Total borrowings (484,081) (486,141) (458,320) (462,139)

FINANCIAL RISK MANAGEMENT (Tabl

FINANCIAL RISK MANAGEMENT (Tables)	12 Months Ended
FINANCIAL RISK MANAGEMENT (Tables)	Dec. 31, 2022
FINANCIAL RISK MANAGEMENT
Schedule of foreign currency denominated monetary assets and monetary liabilities	December 31, 2022 December 31, 2021 Assets, Liabilities, Assets, Liabilities, RUB mln RUB mln RUB mln RUB mln USD 24,720 48,917 44,251 49,960 EUR 7,880 14,315 3,359 10,106
Schedule of sensitivity to a reasonably possible change in USD and EUR exchange rates	USD - effect on EUR - effect on Change profit before tax Change profit before tax in rate, USD RUB mln in rate, EUR RUB mln 2022 +15% (3,630) +15% (965) -15% 3,630 -15% 965 2021 +15% (856) +15% (1,012) -15% 856 -15% 1,012 2020 +10% 786 +10% (682) -10% (1,291) -10% 682
Schedule of exposure to credit risk	December 31, 2022 2021 Deposits and loans issued 238,816 208,018 Cash and cash equivalents 78,292 40,590 Securities (notes, shares and other) 49,305 54,988 Trade and other receivables 38,058 39,795 Derivative financial instruments 2,208 5,171 Contingent consideration 843 1,867 Investments in equity 473 1,228 Call and put options 112 112 Other 4,031 3,088 412,138 354,857

BANK FINANCIAL ASSETS AND LIA_2

BANK FINANCIAL ASSETS AND LIABILITIES (Tables)	12 Months Ended
BANK FINANCIAL ASSETS AND LIABILITIES (Tables)	Dec. 31, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of the structure and amounts of current and non current bank deposits and loans to customers	December 31, 2022 2021 Loans to customers 267,700 223,566 Due from banks 3,432 3,514 Allowance for ECL (36,798) (21,144) Total bank deposits and loans to customers, net 234,334 205,936 Less: current portion (96,135) (87,594) Bank deposits and loans to customers, non-current 138,199 118,342
Schedule of structure and amounts of bank loans to customers	December 31, 2022 2021 Loans to legal entities Corporate borrowers 16,132 28,409 Medium-sized enterprises and small businesses 1,454 1,706 Total loans to legal entities 17,586 30,115 Loans to individuals Mortgage loans 22,730 16,553 Consumer loans 168,024 139,766 Credit cards 59,315 36,933 Other 45 200 Total loans to individuals 250,114 193,452 Due from banks Time deposits with banks 1,175 1,781 Obligatory reserves with the Central Banks 2,257 1,733 Total due from banks 3,432 3,514 Total bank deposits and loans to customers 271,132 227,081 Less: allowance for expected credit losses (36,798) (21,144) Total bank deposits and loans to customers, net 234,334 205,937
Schedule of carrying value of loans to customers by types of collateral	December 31, 2022 2021 Pledge of real estate 26,012 19,115 Guaranties 9,085 22,380 Securities 131 284 Pledge of equipment — 1 Unsecured loans 232,472 181,787 Allowance for expected credit losses (36,654) (21,114) Total loans to customers, net 231,046 202,453
Schedule of movements in the allowance for impairment losses attributable to bank deposits and loans to customers	Loans to Due from customers banks Total Balance as at January 1, 2022 21,114 30 21,144 Provision charge/release 22,490 155 22,645 Recovery of previously written-off assets 522 — 522 Bad debt written-off (3,735) (41) (3,776) Sale of loans (3,226) — (3,226) Other movements (511) — (511) Balance as at December 31, 2022 36,654 144 36,798 Loans to Due from customers banks Total Balance as at January 1, 2021 16,436 10 16,446 Provision charge/release 11,046 20 11,066 Recovery of previously written-off assets 1,557 — 1,557 Bad debt written-off (3,361) — (3,361) Sale of loans (4,324) — (4,324) Other movements (240) — (240) Balance as at December 31, 2021 21,114 30 21,144
Schedule of bank deposits and liabilities	December 31, 2022 2021 Customer accounts 249,696 192,177 Due to banks and other financial institutions 10,984 21,430 Debt securities issued 10,481 5,581 Other financial liabilities 1,980 2,180 Total bank deposits and liabilities 273,141 221,368 Less: current portion (260,744) (207,055) Total bank deposits and liabilities, non-current 12,397 14,313
Schedule of deposits from customers	December 31, 2022 2021 Legal entities - Current/settlement accounts 40,276 13,311 - Term deposits 67,469 63,003 Individuals - Current/settlement accounts 30,767 20,654 - Term deposits 111,184 95,209 Total customer accounts 249,696 192,177
Schedule of due to banks	December 31, 2022 2021 Loans under repurchase agreements 4,002 9,333 Loans and term deposits from banks and other financial institutions 1,894 9,474 Correspondent accounts of other banks 5,088 2,623 Total due to banks 10,984 21,430
Schedule of Group's liquidity analysis for non-derivative financial assets and liabilities	Up to 1 month to 3 months to 1 year to Over Maturity As of December 31, 2022 1 month 3 months 1 year 5 years 5 years undefined Total Financial assets Cash and cash equivalents 20,117 — — — — — 20,117 Financial assets at fair value through other comprehensive income 377 1,215 665 10,971 8,355 812 22,395 Financial assets at fair value through profit or loss 697 — — — — — 697 Loans to customers 10,967 19,970 61,906 112,482 19,554 6,167 231,046 Investments in securities 9 211 1,286 1,299 — — 2,805 Total interest bearing financial assets 32,167 21,396 63,857 124,752 27,909 6,979 277,060 Cash and cash equivalents 38,103 — — — — — 38,103 Financial assets at fair value through profit or loss — — — — — — — Due from banks — — — — — 3,427 3,427 Other financial assets 4,038 7 3 — — 2,300 6,348 Total non-interest bearing financial assets 42,141 7 3 — — 5,727 47,878 Total financial assets 74,308 21,403 63,860 124,752 27,909 12,706 324,938 The Group stable sources of funding as: ● OFZ received from the SC DIA, reflected on off-balance accounts, but recorded in the report as stable sources of financing with a maturity of up to 1 month ( 5% discount from the current market price was also applied to them); ● Investments into debt securities measured at fair value through profit and loss. The amount of investments attributed in the table for a period of up to 30 days is adjusted, based on the following approach: for securities included in the Lombard List of the CBR, 85% of the investments amount is assigned for a period of up to 30 days; all others – to maturity. The possibility of attracting liquidity for direct REPO transactions with an effective discount of 15% is simulated; ● Investments into securities measured at amortized cost and fair value through other comprehensive income: for investments included in the CBR Lombard List, which are adjusted for a 15% discount, are recognized as stable sources of financing. These securities are classified as measured at amortized cost. The Group does not plan to dispose of these securities under the current business model, but can sell them with a repurchase obligation (under a direct REPO transaction) to satisfy liquidity needs in times of stress; ● Time deposits of individuals: a part of the planned deposits amounts is reflected within stable sources of funding, as the Group expects that they will be either prolonged or replaces. Shares are determined in accordance with the conservative estimate based on scenario modeling, which does not contradict current historical statistics; ● Settlement accounts of individuals and legal entities: a part of small account amounts in accordance with the conservative estimate of the level of settling balances are reflected under stable sources of funding, as the Group expects that there will be neither movement nor replacement among these amounts. Shares are determined in accordance with the conservative estimate based on scenario modeling, which does not contradict current historical statis. Up to 1 month to 3 months to 1 year to Over 5 Maturity As of December 31, 2022 1 month 3 months 1 year 5 years years undefined Total Financial liabilities Due to banks and other financial institutions (6,220) — — (64) — — (6,284) Customer accounts (52,665) (18,956) (107,500) (7,316) — — (186,437) Debt securities issued (322) (114) (5,057) (4,988) — — (10,481) Lease obligations (22) (45) (222) (393) (3) — (685) Total interest bearing financial liabilities (59,229) (19,115) (112,779) (12,761) (3) — (203,887) Due to banks and other financial institutions (4,700) — — — — — (4,700) Customer accounts (62,546) — — — — (713) (63,259) Other financial liabilities (2,277) (297) (2,446) — — — (5,020) Total non-interest bearing financial liabilities (69,523) (297) (2,446) — — (713) (72,979) Total financial liabilities (128,752) (19,412) (115,225) (12,761) (3) (713) (276,866) Liquidity gap (54,444) 1,991 (51,365) 111,991 27,906 Stable sources of funding 88,179 (22,598) 56,312 (19,814) (102,092) Net liquidity gap 33,748 (20,607) 4,947 92,177 (74,186) Cumulative liquidity gap 33,748 13,141 18,088 110,265 36,079 Up to 1 month to 3 months to 1 year to Over Maturity As of December 31, 2021 1 month 3 months 1 year 5 years 5 years undefined Total Financial assets Financial assets at fair value through profit or loss 24,769 — — — — 1 24,770 Due from banks 1,781 — — — — — 1,781 Loans to customers 9,985 18,848 50,342 109,949 11,346 1,983 202,453 Investments in securities 9 514 5,555 2,808 — — 8,886 Total interest bearing financial assets 36,544 19,362 55,897 112,757 11,346 1,984 237,890 Cash and cash equivalents 15,974 — — — — — 15,974 Due from banks — — — — — 1,733 1,733 Other financial assets 2,272 6 15 — — 31 2,324 Total non-interest bearing financial assets 18,246 6 15 — — 1,764 20,031 Total financial assets 54,790 19,368 55,912 112,757 11,346 3,747 257,920 Up to 1 1 month to 3 months to 1 year to Over Maturity month 3 months 1 year 5 years 5 years undefined Total Financial liabilities Due to banks and other financial institutions (18,788) — — (19) — — (18,807) Customer accounts (35,294) (13,801) (95,472) (9,114) — — (153,681) Debt securities issued (32) — (350) (5,199) — — (5,581) Lease obligations (17) (44) (200) (471) — — (732) Total interest bearing financial liabilities (54,131) (13,845) (96,022) (14,803) — — (178,801) Due to banks and other financial institutions (2,623) — — — — — (2,623) Customer accounts (38,496) — — — — — (38,496) Other financial liabilities (2,857) (1,147) (2,262) — — — (6,266) Total non-interest bearing financial liabilities (43,976) (1,147) (2,262) — — — (47,385) Total financial liabilities (98,107) (14,992) (98,284) (14,803) — — (226,186) Liquidity gap (43,317) 4,376 (42,372) 97,954 11,346 Stable sources of funding 43,901 (2,392) 43,814 (3,519) (81,804) Net liquidity gap 584 1,984 1,442 94,435 (70,458) Cumulative liquidity gap 584 2,568 4,010 98,445 27,987
Schedule of future aggregate undiscounted cash flows	Weighted average Up to 1 month to 3 months to 1 year to Over Maturity As of December 31, 2022 interest rate 1 month 3 months 1 year 5 years 5 years undefined Total Interest bearing financial liabilities Due to banks 6.9 % (6,230) — — (72) — — (6,302) Customer accounts 8.1 % (53,465) (19,323) (112,681) (13,139) — — (198,608) Debt securities issued 8.9 % (329) (128) (5,561) (5,819) — — (11,837) Lease obligations 8.3 % (22) (46) (234) (479) (6) — (787) Total interest bearing financial liabilities (60,046) (19,497) (118,476) (19,509) (6) — (217,534) Non-interest bearing financial liabilities Due to banks (4,700) — — — — — (4,700) Customer accounts (62,546) — — — — (713) (63,259) Other financial liabilities (2,277) (297) (2,446) — — — (5,020) Total non-interest bearing financial liabilities and commitments (69,523) (297) (2,446) — — (713) (72,979) Total financial liabilities (129,569) (19,794) (120,922) (19,509) (6) (713) (290,513) Weighted average Up to 1 month to 3 months to 1 year to Over Maturity As of December 31, 2021 interest rate 1 month 3 months 1 year 5 years 5 years undefined Total Interest bearing financial liabilities Due to banks 8.4 % (18,788) — (19) — — — (18,807) Customer accounts 6.3 % (35,402) (13,964) (98,665) (10,164) — — (158,195) Debt securities issued 7.3 % (33) — (695) (5,389) — — (6,117) Lease obligations 5.2 % (11) (45) (200) (471) (1) — (728) — — — — — — — Total interest bearing financial liabilities (54,234) (14,009) (99,579) (16,024) (1) — (183,847) Non-interest bearing financial liabilities — — — — — — — Due to banks (2,623) — — — — — (2,623) Customer accounts (38,496) — — — — — (38,496) Other financial liabilities (2,857) (1,147) (2,262) — — — (6,266) Total non-interest bearing financial liabilities and commitments (43,976) (1,147) (2,262) — — — (47,385) Total financial liabilities (98,210) (15,156) (101,841) (16,024) (1) — (231,232)
Schedule of information on Maximum amount of credit risk on guarantees issued and commitments on loans	As of December 31, 2022 Stage 1 Stage 2 Stage 3 Total Commitments on loans 66,258 1,314 57 67,629 Guarantees issued 16,434 1,979 213 18,626 Less provision (826) (25) (192) (1,043) Total commitments on loans and guarantees issued 81,866 3,268 78 85,212 As of December 31, 2021 Stage 1 Stage 2 Stage 3 Total Commitments on loans 36,759 745 33 37,537 Guarantees issued 13,798 2,257 100 16,155 Less provision (687) (15) (50) (752) Total commitments on loans and guarantees issued 49,870 2,987 83 52,940
Loans to legal entities
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of quality of loans	As of December 31, 2022 Stage 1 Stage 2 Stage 3 Total Low to fair risk 9,928 4,236 — 14,164 Monitoring 179 191 — 370 Doubtful — — 2 2 Impaired — — 3,050 3,050 Loss allowance (214) (90) (2,536) (2,840) Total 9,893 4,337 516 14,746 As of December 31, 2021 Stage 1 Stage 2 Stage 3 Total Low to fair risk 20,575 721 — 21,296 Monitoring 5,700 72 — 5,772 Doubtful — — 767 767 Impaired — — 2,280 2,280 Loss allowance (818) (25) (2,295) (3,138) Total 25,457 768 752 26,977
Loans to legal entities \| Accumulated Depreciation
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of movements in provision for impairment losses on loans	Stage 1 Stage 2 Stage 3 Total Balance as at January 1, 2022 818 25 2,295 3,138 - Transfer to stage 1 29 (28) (1) — - Transfer to stage 2 (135) 136 (1) — - Transfer to stage 3 — (89) 89 — New financial assets originated or purchased 194 — — 194 Change due to change of credit risk (57) 46 (184) (195) Sale of loans — — (6) (6) Write-offs — — (15) (15) Recovery of previously written-off assets — — 235 235 Other movements (635) — 124 (511) Balance as at December 31, 2022 214 90 2,536 2,840 In June 2022 the Group has performed renovation of several loans that were given to legal entities. According to the novation loan claims in amount of 5,106 mln RUB, including allowance for expected credit losses in amount of 635 mln RUB, were replaced with claims on investment property. As of December 31, 2022 these claims in amount of 2,361 mln RUB, including allowance for expected credit losses in amount of 619 mln RUB, were included in Other assets. Stage 1 Stage 2 Stage 3 Total Balance as at January 1, 2021 899 141 2,704 3,744 - Transfer to stage 1 119 (119) — — - Transfer to stage 2 (46) 49 (3) — - Transfer to stage 3 (105) (26) 131 — New financial assets originated or purchased 317 — — 317 Change due to change of credit risk (126) (20) (1,433) (1,579) Write-offs — — (79) (79) Recovery of previously written-off assets — — 975 975 Other movements (240) — — (240) Balance as at December 31, 2021 818 25 2,295 3,138
Loans to individuals
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of quality of loans	As of December 31, 2022 Stage 1 Stage 2 Stage 3 Total Low to fair risk 197,198 16,268 — 213,466 Monitoring — 8,105 5,034 13,139 Impaired — — 23,509 23,509 Loss allowance (6,053) (6,991) (20,770) (33,814) Total 191,145 17,382 7,773 216,300 As of December 31, 2021 Stage 1 Stage 2 Stage 3 Total Low to fair risk 174,667 756 — 175,423 Monitoring — 7,125 832 7,957 Impaired — — 10,072 10,072 Loss allowance (6,093) (3,361) (8,522) (17,976) Total 168,574 4,520 2,382 175,476
Schedule of analysis of credit quality of loans	Provision for Provision for ECL to As of December 31, 2022 Gross loans ECL Net loans gross loans Collectively assessed Not past due 213,465 (9,922) 203,543 5 % Overdue: up to 30 days 6,203 (1,718) 4,485 28 % 31 to 60 days 3,588 (1,904) 1,684 53 % 61 to 90 days 3,037 (1,930) 1,107 64 % 91 to 180 days 6,578 (4,779) 1,799 73 % over 180 days 16,775 (13,513) 3,262 81 % Total collectively assessed loans 249,646 (33,766) 215,880 14 % Individually impaired Not past due 308 (18) 290 6 % Overdue: up to 30 days — — — 0 % 31 to 60 days 3 — 3 0 % 61 to 90 days — — — 0 % 91 to 180 days 18 — 18 0 % over 180 days 139 (30) 109 22 % Total individually impaired loans 468 (48) 420 10 % Total 250,114 (33,814) 216,300 14 % Provision for Provision for ECL to gross As of December 31, 2021 Gross loans ECL Net loans loans Collectively assessed Not past due 175,422 (6,297) 169,125 4 % Overdue: up to 30 days 3,989 (1,090) 2,899 27 % 31 to 60 days 2,007 (1,240) 767 62 % 61 to 90 days 1,584 (1,093) 491 69 % 91 to 180 days 3,248 (2,499) 749 77 % over 180 days 6,641 (5,659) 982 85 % Total collectively assessed loans 192,891 (17,878) 175,013 9 % Individually impaired Not past due 364 (22) 342 6 % Overdue: up to 30 days — — — 0 % 31 to 60 days 8 — 8 0 % 61 to 90 days 3 (1) 2 33 % 91 to 180 days 5 (1) 4 20 % over 180 days 181 (74) 107 41 % Total individually impaired loans 561 (98) 463 17 % Total 193,452 (17,976) 175,476 9 %
Loans to individuals \| Accumulated Depreciation
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of movements in provision for impairment losses on loans	Stage 1 Stage 2 Stage 3 Total Balance as at January 1, 2022 6,093 3,361 8,522 17,976 - Transfer to stage 1 1,844 (1,690) (154) — - Transfer to stage 2 (2,600) 3,086 (486) — - Transfer to stage 3 (115) (10,263) 10,378 — New financial assets originated or purchased 4,644 — — 4,644 Change due to change of credit risk (3,813) 12,497 9,163 17,847 Write-offs — — (3,720) (3,720) Sales — — (3,220) (3,220) Recovery of previously written-off assets — — 287 287 Balance as at December 31, 2022 6,053 6,991 20,770 33,814 Stage 1 Stage 2 Stage 3 Total Balance as at January 1, 2021 3,099 1,446 8,147 12,692 - Transfer to stage 1 1,809 (1,633) (176) — - Transfer to stage 2 (939) 1,220 (281) — - Transfer to stage 3 (278) (4,691) 4,969 — New financial assets originated or purchased 3,821 — — 3,821 Change due to change of credit risk (1,419) 7,019 2,887 8,487 Write-offs — — (3,282) (3,282) Sales — — (4,324) (4,324) Recovery of previously written-off assets — — 582 582 Balance as at December 31, 2021 6,093 3,361 8,522 17,976
Medium-sized enterprises and small businesses
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of analysis of credit quality of loans	Provision for Provision for ECL to As of December 31, 2022 Gross loans ECL Net loans gross loans Collectively assessed Not past due 760 (10) 750 1 % Overdue: up to 30 days 20 (4) 16 18 % 31 to 60 days 17 (16) 1 91 % 61 to 90 days 7 (6) 1 82 % 91 to 180 days 29 (25) 4 87 % over 180 days 621 (446) 175 72 % Total collectively assessed loans 1,454 (507) 947 35 % Provision for Provision for ECL to gross As of December 31, 2021 Gross loans ECL Net loans loans Collectively assessed Not past due 1,079 (22) 1,057 2 % Overdue: up to 30 days 19 (8) 11 42 % 31 to 60 days 15 (14) 1 93 % 61 to 90 days 11 (10) 1 91 % 91 to 180 days 14 (11) 3 79 % over 180 days 568 (374) 194 66 % Total collectively assessed loans 1,706 (439) 1,267 26 %

RELATED PARTIES (Tables)

RELATED PARTIES (Tables)	12 Months Ended
RELATED PARTIES (Tables)	Dec. 31, 2022
RELATED PARTIES
Schedule of transactions with related parties	December 31, 2022 2021 ASSETS FROM RELATED PARTIES NON-CURRENT ASSETS: Advances for property, plant and equipment Sistema's subsidiaries 1,211 1,347 Other related parties 11 34 Right-of-use assets, Gross Book Value Sistema's subsidiaries 3,832 4,432 Other related parties 101 111 Right-of-use assets, Accumulated Depreciation Sistema's subsidiaries (1,017) (1,586) Other related parties (48) (46) Other investments Sistema's subsidiaries 3,211 117 The Group’s associates 2,035 625 Other related parties 3 2 Accounts receivable, related parties Sistema's subsidiaries 1,290 5,000 Key management personnel of the Group, its parent and shareholders 477 — Bank deposits and loans to customers Sistema's subsidiarie 693 1,179 Sistema's associates 283 2,587 Other assets Key management personnel of the Group, its parent and shareholders 355 — Total non-current assets 12,437 13,802 CURRENT ASSETS: Accounts receivable, related parties Sistema's subsidiaries 1,502 1,255 The Group’s associates 823 911 Other related parties 318 121 Bank deposits and loans to customers Sistema's subsidiaries 5,550 820 Key management personnel of the Group, its parent and shareholders 341 87 Sistema's associates 287 2,078 Short-term investments Sistema's subsidiaries 4,125 2,377 Sistema, parent company 2,156 1,443 Cash and cash equivalents Sistema's subsidiaries 520 1,311 Other financial assets Sistema, parent company 2,010 1,829 Sistema's subsidiaries 509 300 Other related parties 109 109 Other assets Key management personnel of the Group, its parent and shareholders 1,402 — Sistema's subsidiaries 1,026 1,059 Other related parties 585 83 Total current assets 22,054 13,783 TOTAL ASSETS FROM RELATED PARTIES 34,491 27,585 LIABILITIES TO RELATED PARTIES NON-CURRENT LIABILITIES: Borrowings The Group’s associates 2,745 — Lease obligations Sistema's subsidiaries 3,103 3,968 Other related parties 49 70 Bank deposits and liabilities Key management personnel of the Group, its parent and shareholders 2,920 1,433 Other financial liabilities The Group’s associates 2,081 — Total non-current liabilities 10,898 5,471 CURRENT LIABILITIES: Accounts payable, related parties Sistema's subsidiaries 658 2,756 Sistema's associates 523 632 The Group’s associates 270 711 Other related parties — 8 Borrowings The Group’s associates 454 2,129 Other related parties 12 11 Lease obligations Sistema's subsidiaries 487 551 Other related parties 10 13 Bank deposits and liabilities Key management personnel of the Group, its parent and shareholders 38,276 32,886 Sistema's subsidiaries 26,426 22,312 Sistema's associates 5,797 9,163 Sistema, parent company 946 2,042 Other related parties 470 376 Total current liabilities 74,329 73,590 TOTAL LIABILITIES TO RELATED PARTIES 85,227 79,061
Schedule of revenue and operating transactions with related parties	2022 2021 2020 Revenue Sistema's subsidiaries 5,252 4,294 4,371 Sistema's associates 1,013 752 615 The Group's associates 289 622 418 Other related parties 418 691 428 TOTAL REVENUE 6,972 6,359 5,832 Cost of services Sistema's subsidiaries 4,182 2,143 599 Key management personnel of the Group, its parent and shareholders 1,719 1,476 1,830 Sistema, parent company 571 233 141 Other related parties 666 454 272 Selling, general and administrative expenses Key management personnel of the Group, its parent and shareholders 5,079 4,256 2,003 Other related parties 864 812 691 Other operating income / (expense) Sistema's subsidiaries 74 2,831 2,160 Other related parties (1) 59 (13) OPERATING PROFIT / (LOSS) (6,036) (125) 2,443 Finance income / (loss) Sistema's subsidiaries 852 935 1,492 Other related parties (81) (28) 239 Other non-operating income / (expense) The Group's associates (221) — (278) Other related parties (116) 41 — PROFIT BEFORE TAX (5,602) 823 3,896
Schedule of finance income from related parties	2021 2021 2020 Sistema's subsidiaries 15,061 10,330 3,324 Sistema's associates 270 2,530 6,299 Other related parties 87 122 239 Total purchases of property, plant and equipment, intangible assets and other assets, related parties 15,418 12,982 9,862
Schedule of contingent liabilities loan and undrawn credit lines	December 31, 2022 2021 Sistema's subsidiaries 188 634 Other related parties 41 64 Total contingent liabilities on loans and undrawn credit lines 229 698
Schedule of guarantee and similar commitments	2022 2021 2020 Sistema's subsidiaries 658 14 344 Other related parties 976 1,077 679 Total guarantees and similar commitments 1,634 1,091 1,023

STOCK-BASED COMPENSATIONS (Tabl

STOCK-BASED COMPENSATIONS (Tables)	12 Months Ended
STOCK-BASED COMPENSATIONS (Tables)	Dec. 31, 2022
Equity-settled share based awards
Share based compensation
Schedule of movements in the number of share options outstanding	Twelve month ended December 31, 2022 2021 Weighted- Weighted- average fair average fair Shares value per share Shares value per share (in thousands) (in RUB) (in thousands) (in RUB) Outstanding at the beginning of the period 20,666 327 3,194 424 Granted during the period 10,767 240 18,733 249 Forfeited during the period (2,747) 400 (447) 407 Exercised during the period (4,594) (1) 240 (814) (2) 406 Outstanding at the end of the period 24,092 339 20,666 327 Exercisable at the end of the period 11,063 312 6,246 361 (1) The weighted-average exercise price of shares was RUB 297 . (2) The weighted-average exercise price of shares was RUB 375 .
Schedule of range of exercise prices and the weighted-average remaining contractual terms	December 31, 2022 Weighted- average Range of remaining Shares (in exercise prices contractual term thousands) (in RUB) (in month) Outstanding shares 24,092 Incl. to be exercised in 2023 11,063 230-240 3 to be exercised in 2024 10,099 320-330 15 to be exercised in 2025 2,930 320-660 27
Cash-settled share based awards
Share based compensation
Schedule of movements in the number of share options outstanding	Twelve month ended December 31, 2022 2021 Weighted- Weighted- average fair average fair Shares value per share Shares value per share (in thousands) (in RUB) (in thousands) (in RUB) Outstanding at the beginning of the period 3,485 373 725 707 Granted during the period 5,189 328 3,788 423 Forfeited during the period (585) 515 (298) 678 Exercised during the period (1,593) (1) 591 (729) (1) 707 Outstanding at the end of the period 6,496 333 3,485 402 Exercisable at the end of the period 2,468 319 1,598 638 (1) The weighted-average exercise price of shares is equal weighted-average fair value.
Schedule of range of exercise prices and the weighted-average remaining contractual terms	December 31, 2022 Weighted- average Range of remaining Shares exercise prices contractual term (in thousands) (in RUB) (in month) Outstanding shares, Incl. 6,496 to be exercised in 2023, based on ordinary shares 2,468 236 3 to be exercised in 2024, based on ordinary shares 2,091 320-330 15 to be exercised in 2025, based on ordinary shares 1,938 320-488 27

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	12 Months Ended
SHAREHOLDERS' EQUITY (Tables)	Dec. 31, 2022
SHAREHOLDERS' EQUITY
Schedule of shares repurchased	December 31, 2022 2021 2020 Repurchased from: Shares RUBm Shares RUBm Shares RUBm Open market — — 42,512,570 13,963 26,038,847 8,525 Sistema Finance — — 22,796,040 7,503 22,758,872 7,485 Total — — 65,308,610 21,466 48,797,719 16,010
Schedule of declared cash dividends	2022 2021 2022 Dividends declared (including dividends on treasury shares of 9,318, 12,082 and 6,936 respectively) 66,334 74,049 58,948 Dividends, RUB per ADS 67.70 74.12 59.00 Dividends, RUB per share 33.85 37.06 29.50
MGTS Group
SHAREHOLDERS' EQUITY
Schedule of financial information for non-controlling interest	MGTS 2022 2021 2020 Non-controlling interests opening balance (4,909) (4,055) (3,328) Profit for the year attributable to non-controlling interests (869) (803) (675) Dividends to non-controlling interests — — — Other (52) (51) (52) Non-controlling interests closing balance (5,830) (4,909) (4,055)
Schedule of financial information for non-controlling interest in balance sheet	December 31, MGTS 2022 2021 Current assets 34,752 34,282 Non-current assets 70,279 57,631 Current liabilities (12,778) (13,497) Non-current liabilities (14,940) (17,691)
Schedule of financial information for non-controlling interest in profit and loss	Year ended December 31, MGTS 2022 2021 2020 Revenue, gross of intercompany (43,015) (41,255) (41,103) Profit for the year, gross of intercompany (15,381) (14,203) (11,811)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Dec. 31, 2022
COMMITMENTS AND CONTINGENCIES
Schedule of contingent liabilities in respect of additional tax settlements	December 31, 2022 2021 Contingent liabilities for additional taxes other than income tax 498 860 Contingent liabilities for additional income taxes 1,222 1,132

GENERAL INFORMATION AND DESCR_2

GENERAL INFORMATION AND DESCRIPTION OF BUSINESS (Details)	12 Months Ended
GENERAL INFORMATION AND DESCRIPTION OF BUSINESS (Details)	Dec. 31, 2022	Dec. 31, 2021
GENERAL INFORMATION AND DESCRIPTION OF BUSINESS
Percent of shares issued that were in free float and belonged to significant number of shareholders	42.20%	41.10%
Common stock
GENERAL INFORMATION AND DESCRIPTION OF BUSINESS
Ratio of ordinary shares per each ADS	0.5
Sistema
GENERAL INFORMATION AND DESCRIPTION OF BUSINESS
Percent of shares held	42.10%	42.10%
Vladimir P. Yevtushenkov \| Sistema
GENERAL INFORMATION AND DESCRIPTION OF BUSINESS
Percent of shares held	49.20%	59.20%
Percent of shares sold	10%
Significant number of shareholders \| Sistema
GENERAL INFORMATION AND DESCRIPTION OF BUSINESS
Percent of shares held	50.80%	40.80%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS - Investments in significant entities (Details) ₽ in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2022	Dec. 31, 2022 RUB (₽)	Dec. 31, 2021 RUB (₽)	Dec. 31, 2013 USD ($)	Dec. 31, 2010 USD ($)
Borrowings
Accounts payable \| ₽		₽ 1,451	₽ 4,107
Factoring Arrangements
Borrowings
Accounts payable \| ₽		₽ 7,867	₽ 9,343
MTS Belarus
Disclosure of investments in significant entities
The Group's share in associate		49%	49%
RTC
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
MTS Bank
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		99.90%	99.90%
MGTS Group
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		94.70%	94.70%
MTT
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
MTS Armenia
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
Nvision Czech Republic
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
VisionLabs Group
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)	24%	100%
Gulfstream Group
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		58.40%
Bronevik
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%
Webinar
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		84.30%
BIC (Tower infrastructure Company)
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%
MDTZK LLC (Ticketland)
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
Ponominalu
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
Sputnikovoe TV
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)			100%
IT Grad
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
MTS Avto
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
Zelenaya Tochka Group Achemar Holdings Ltd
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
Oblachny Retail LLC
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)			100%
MTS Media
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
Navigation Information Systems Group
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	94.70%
MTS Didgital (former MTS IT)
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
Kinopolis
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
Sistema Capital
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
Stream
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
MTS Turkmenistan
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
MTS Artifitial Intelligence
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
Energy Group
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
Dega
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
Stream Digital
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
Bastion
Disclosure of investments in significant entities
Ownership interest in subsidiary (as a percentage)		100%	100%
MTS International \| Notes issued in 2010
Borrowings
Notional amount \| $					$ 750
Interest rate					8.625%
MTS International \| Notes issued in 2013
Borrowings
Notional amount \| $				$ 500
Interest rate				5%

BUSINESS ACQUISITIONS - Purchas

BUSINESS ACQUISITIONS - Purchase price allocation (Details) - RUB (₽) ₽ in Thousands		1 Months Ended					12 Months Ended
	Mar. 31, 2021	Oct. 31, 2022	Sep. 30, 2022	Apr. 30, 2022	Feb. 28, 2022	Apr. 30, 2021	Dec. 31, 2022	Jul. 31, 2022	Jun. 30, 2021
Preliminary amounts
BUSINESS ACQUISITIONS
Goodwill							₽ 2,984,000
Customer base							827,000
Trademark							530,000
Other intangible assets							590,000
Property, plant and equipment							588,000
Other non-current assets							254,000
Current assets							3,056,000
Cash and cash equivalents							340,000
Current liabilities							(2,656,000)
Non-current liabilities							(715,000)
Total consideration							5,798,000
Fair value of offset financial assets							1,958,000
Deferred payment							160,000
Cash paid or payable							3,680,000
Measurement period adjustments
BUSINESS ACQUISITIONS
Goodwill							(61,000)
Customer base							(539,000)
Trademark							(436,000)
Other intangible assets							238,000
Property, plant and equipment							821,000
Non-current liabilities							(23,000)
Final amounts
BUSINESS ACQUISITIONS
Goodwill							2,923,000
Customer base							288,000
Trademark							94,000
Other intangible assets							828,000
Property, plant and equipment							1,409,000
Other non-current assets							254,000
Current assets							3,056,000
Cash and cash equivalents							340,000
Current liabilities							(2,656,000)
Non-current liabilities							(738,000)
Total consideration							5,798,000
Fair value of offset financial assets							1,958,000
Deferred payment							160,000
Cash paid or payable							₽ 3,680,000
Vision Labs
BUSINESS ACQUISITIONS
Goodwill					₽ 4,320,000
Customer base					2,333,000
Other intangible assets					736,000
Property, plant and equipment					81,000
Other non-current assets					31,000
Current assets					319,000
Cash and cash equivalents					326,000
Current liabilities					(816,000)
Non-current liabilities					(774,000)
Total consideration					6,556,000
Fair value of contingent consideration					621,000
Fair value of stake in Group's subsidiary					659,000
Deferred payment					659,000
Cash paid or payable					₽ 5,276,000
Amortization period							7 years
Ownership interest acquired (as a percentage)					100%
Consideration paid					₽ 6,556,000
MTT
BUSINESS ACQUISITIONS
Fair value of offset financial assets									₽ 1,958,000
Deferred payment									160,000
Cash paid or payable									₽ 3,680,000
Ownership interest acquired (as a percentage)									100%
MTT \| Maximum
BUSINESS ACQUISITIONS
Amortization period							4 years
Gulfstream Group
BUSINESS ACQUISITIONS
Cash paid or payable				₽ 1,999,000
Percentage of ownership in stream after acquisition				58.38%
Gulfstream Group \| Call and put option agreement
BUSINESS ACQUISITIONS
Ownership interest acquired (as a percentage)				41.62%
Gulfstream Group \| Preliminary amounts
BUSINESS ACQUISITIONS
Goodwill				₽ 1,889,000
Customer base				2,114,000
Other intangible assets				332,000
Property, plant and equipment				279,000
Other non-current assets				289,000
Current assets				2,609,000
Cash and cash equivalents				24,000
Current liabilities				(3,055,000)
Put option to purchase NCI				(1,877,000)
Non-current liabilities				(605,000)
Total consideration				1,999,000
Cash paid or payable				₽ 1,999,000
Gulfstream Group \| Minimum \| Preliminary amounts
BUSINESS ACQUISITIONS
Amortization period							5 years
Gulfstream Group \| Maximum \| Preliminary amounts
BUSINESS ACQUISITIONS
Amortization period							8 years
Bronevik
BUSINESS ACQUISITIONS
Fair value of contingent consideration								₽ 4,000,000
Ownership interest acquired (as a percentage)								100%
Bronevik \| Preliminary amounts
BUSINESS ACQUISITIONS
Goodwill								₽ 3,898,000
Other intangible assets								38,000
Property, plant and equipment								8,000
Other non-current assets								41,000
Current assets								1,266,000
Cash and cash equivalents								197,000
Current liabilities								(1,416,000)
Non-current liabilities								(32,000)
Total consideration								4,000,000
Cash paid or payable								4,000,000
Webinar
BUSINESS ACQUISITIONS
Cash paid or payable								₽ 2,095,000
Ownership interest acquired (as a percentage)			84.25%					75.50%
Webinar \| Call and put option agreement
BUSINESS ACQUISITIONS
Exercise stock option			₽ 328,000
Ownership interest acquired (as a percentage)								24.50%
Webinar \| Preliminary amounts
BUSINESS ACQUISITIONS
Goodwill								₽ 2,609,000
Other intangible assets								452,000
Property, plant and equipment								12,000
Other non-current assets								84,000
Current assets								57,000
Cash and cash equivalents								58,000
Current liabilities								(187,000)
Put option to purchase NCI								(986,000)
Non-current liabilities								(4,000)
Total consideration								2,095,000
Cash paid or payable								₽ 2,095,000
Zelenaya Tochka Group
BUSINESS ACQUISITIONS
Amortization period							5 years
Zelenaya Tochka Group Achemar Holdings Ltd
BUSINESS ACQUISITIONS
Goodwill						₽ 1,353,000
Customer base						320,000
Trademark						12,000
Other intangible assets						24,000
Property, plant and equipment						623,000
Other non-current assets						43,000
Current assets						1,417,000
Cash and cash equivalents						152,000
Current liabilities						(725,000)
Non-current liabilities						(118,000)
Total consideration						3,101,000
Fair value of previously held equity interest						1,582,000
Deferred payment						7,000
Cash paid or payable						₽ 1,512,000
Proportion of ownership interest in joint venture	51%					100%
Green Bush
BUSINESS ACQUISITIONS
Other intangible assets									₽ 1,000
Property, plant and equipment									5,171,000
Other non-current assets									17,000
Current assets									84,000
Cash and cash equivalents									9,000
Current liabilities									(26,000)
Non-current liabilities									(56,000)
Total consideration									5,200,000
Cash paid or payable									₽ 5,200,000
Ownership interest acquired (as a percentage)									100%
Credit Consulting
BUSINESS ACQUISITIONS
Goodwill						₽ 46,000
Other intangible assets						4,000
Current assets						18,000
Cash and cash equivalents						3,000
Current liabilities						(11,000)
Total consideration						60,000
Fair value of contingent consideration						₽ 60,000
Period for payment of contingent consideration						5 years
Ownership interest acquired (as a percentage)						100%
Consideration paid						₽ 10
Nvision Czech Republic
BUSINESS ACQUISITIONS
Sale agreement to dispose		100%

BUSINESS ACQUISITIONS - Acquisi

BUSINESS ACQUISITIONS - Acquisitions of assets and liabilities pertaining to the disposal group and reconciliation of disposal (Details) - RUB (₽) ₽ in Millions	1 Months Ended
	Feb. 28, 2021	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about business combination [line items]
Current assets		₽ 300,883	₽ 263,300
Non-current assets		782,047	752,518
TOTAL ASSETS		1,082,930	1,015,818
Current liabilities		(551,345)	(473,420)
Non-current liabilities		(535,202)	(527,794)
Accumulated other comprehensive income		₽ 12,103	₽ 10,207
STS-Ukraine
Disclosure of detailed information about business combination [line items]
Sale of ownership interest	100%
Current assets	₽ 282
Non-current assets	51
TOTAL ASSETS	333
Current liabilities	(275)
Non-current liabilities	(36)
Total liabilities	(311)
Accumulated other comprehensive income	83
Total consideration	(52)
Loss on disposal	₽ 53

BUSINESS ACQUISITIONS - Acqui_2

BUSINESS ACQUISITIONS - Acquisitions of subsidiaries under common control (Details) - Sistema Capital ₽ in Millions	1 Months Ended
	Sep. 30, 2021 RUB (₽)
BUSINESS ACQUISITIONS
Consideration paid	₽ 3,500
Consideration paid net of cash acquired	3,474
Cash acquired	26
Assets acquired other than cash	1,185
Liabilities assumed	₽ 90
Ownership interest acquired (as a percentage)	70%

BUSINESS ACQUISITIONS - Acqui_3

BUSINESS ACQUISITIONS - Acquisition of Stopol (Details) - Stopol - RUB (₽) ₽ in Millions	Jul. 31, 2020	Jun. 30, 2020
BUSINESS ACQUISITIONS
Ownership interest acquired (as a percentage)		100%
Fair values of the identifiable assets and liabilities acquired
Goodwill		₽ 282
Other non-current assets		2
Current assets		230
Cash and cash equivalents		69
Current liabilities		(262)
Total consideration		321
Fair value of contingent consideration		9
Cash paid or payable	₽ 312	₽ 312

BUSINESS ACQUISITIONS - Liabili

BUSINESS ACQUISITIONS - Liabilities and indemnification assets in respect to deferred payments (Details) - RUB (₽) ₽ in Thousands	1 Months Ended		12 Months Ended
	Feb. 28, 2022	Apr. 30, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Vision Labs
BUSINESS ACQUISITIONS
Payment	₽ 6,556,000
Liabilities at the end	₽ 621,000
Vision Labs \| Contingent consideration
BUSINESS ACQUISITIONS
Initial recognition of deferred payment/contingent consideration			₽ (621,000)
Revaluation			54,000
Liabilities at the end			675,000
IT-Grad \| Contingent consideration
BUSINESS ACQUISITIONS
Liabilities at the beginning				₽ 907,000	₽ 907,000
Revaluation				542,000
Payment				365,000
Liabilities at the end					907,000
Stopol \| Contingent consideration
BUSINESS ACQUISITIONS
Liabilities at the beginning			21,000	24,000
Initial recognition of deferred payment/contingent consideration					(40,000)
Less: Provision for tax liabilities related to pre-acquisition period				3,000	(26,000)
Revaluation			11,000
Payment			40,000
Reversal of tax provision			(8,000)		(10,000)
Liabilities at the end				21,000	₽ 24,000
Zelenaya Tochka Group \| Deferred payment
BUSINESS ACQUISITIONS
Initial recognition of deferred payment/contingent consideration				(7,000)
Payment				7,000
Credit Consulting
BUSINESS ACQUISITIONS
Payment		₽ 10
Liabilities at the end		₽ 60,000
Credit Consulting \| Contingent consideration
BUSINESS ACQUISITIONS
Liabilities at the beginning			61,000
Initial recognition of deferred payment/contingent consideration				(60,000)
Revaluation			4,000	(1,000)
Liabilities at the end			65,000	61,000
MTT \| Deferred payment
BUSINESS ACQUISITIONS
Liabilities at the beginning			160,000
Initial recognition of deferred payment/contingent consideration				(160,000)
Payment			₽ 160,000
Liabilities at the end				₽ 160,000

BUSINESS ACQUISITIONS - Pro for

BUSINESS ACQUISITIONS - Pro forma results of operations (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Companies acquired in 2022
Business combinations actual and pro forma results of operations
Revenues	₽ 543,321
Profit for the year	33,584
Revenue	4,707
(Loss)/profit for the year	₽ (489)
Companies acquired in 2021
Business combinations actual and pro forma results of operations
Revenues		₽ 537,867
Profit for the year		64,399
Revenue		5,341
(Loss)/profit for the year		₽ 25
Companies acquired in 2020
Business combinations actual and pro forma results of operations
Revenues			₽ 495,273
Profit for the year			62,079
Revenue			355
(Loss)/profit for the year			₽ 25

SEGMENT INFORMATION - Financial

SEGMENT INFORMATION - Financial information by reportable segments (Details) ₽ in Millions		12 Months Ended
	Oct. 30, 2020	Dec. 31, 2022 RUB (₽)	Dec. 31, 2021 RUB (₽) segment	Dec. 31, 2020 RUB (₽)
SEGMENT INFORMATION
Number of new segments \| segment			2
Revenue
Revenue		₽ 541,749	₽ 527,921	₽ 489,831
OIBDA		224,319	228,957	214,769
Depreciation and amortization		(114,393)	(110,962)	(100,143)
Impairment of non-current assets		(489)	10	(2,023)
Operating profit		109,437	118,005	112,603
Operating segments
Revenue
Revenue		541,749	527,921	489,831
External Customers
Revenue
Revenue		541,749	527,921	489,831
Discontinued operations
SEGMENT INFORMATION
Percentage of equity interest disposed off	100%
Total of reportable segments
Revenue
OIBDA		205,365	212,718	204,264
Total of reportable segments \| Intersegment
Revenue
Revenue		9,359	6,908	6,723
Total of reportable segments \| Operating segments
Revenue
Revenue		506,800	498,654	466,090
Total of reportable segments \| External Customers
Revenue
Revenue		497,441	491,746	459,367
Telecom
Revenue
OIBDA		199,010	204,125	200,908
Telecom \| Intersegment
Revenue
Revenue		5,596	4,138	4,260
Telecom \| Operating segments
Revenue
Revenue		438,362	448,339	429,319
Telecom \| External Customers
Revenue
Revenue		432,766	444,201	425,059
Fintech
Revenue
OIBDA		6,355	8,593	3,356
Fintech \| Intersegment
Revenue
Revenue		3,763	2,770	2,463
Fintech \| Operating segments
Revenue
Revenue		68,439	50,315	36,771
Fintech \| External Customers
Revenue
Revenue		64,676	47,545	34,308
Other
Revenue
OIBDA		28,062	24,700	18,116
Other \| Intersegment
Revenue
Revenue		21,559	19,623	13,079
Other \| Operating segments
Revenue
Revenue		65,780	55,702	43,451
Other \| External Customers
Revenue
Revenue		44,221	36,079	30,372
HQ and elimination
Revenue
OIBDA		(9,108)	(8,461)	(7,611)
HQ and elimination \| Intersegment
Revenue
Revenue		(30,918)	(26,531)	(19,802)
HQ and elimination \| Operating segments
Revenue
Revenue		(30,831)	(26,435)	(19,710)
HQ and elimination \| External Customers
Revenue
Revenue		₽ 87	₽ 96	₽ 92

SEGMENT INFORMATION - Financi_2

SEGMENT INFORMATION - Financial information by geographic areas (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue
Revenue	₽ 541,749	₽ 527,921	₽ 489,831
Non-current assets
Non-current assets:		477,752	454,201
Russia
Revenue
Revenue	533,794	520,671	481,536
Non-current assets
Non-current assets:		464,979	443,023
Other
Revenue
Revenue	₽ 7,955	7,250	8,295
Non-current assets
Non-current assets:		₽ 12,773	₽ 11,178

SEGMENT INFORMATION - Disaggreg

SEGMENT INFORMATION - Disaggregation of revenue (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of revenue
Revenue	₽ 541,749	₽ 527,921	₽ 489,831
External Customers
Disaggregation of revenue
Revenue	541,749	527,921	489,831
External Customers \| Recognised over time
Disaggregation of revenue
Revenue	498,018	458,948	427,008
External Customers \| Recognised at point of time
Disaggregation of revenue
Revenue	43,731	68,973	62,823
Connectivity services
Disaggregation of revenue
Revenue	424,370	405,625	388,094
Sales of goods
Disaggregation of revenue
Revenue	43,731	68,973	62,823
Fintech services
Disaggregation of revenue
Revenue	63,543	46,632	33,796
Other services
Disaggregation of revenue
Revenue	10,105	6,691	5,118
Total of reportable segments \| External Customers
Disaggregation of revenue
Revenue	497,441	491,746	459,367
Total of reportable segments \| External Customers \| Recognised over time
Disaggregation of revenue
Revenue	454,632	424,456	398,137
Total of reportable segments \| External Customers \| Recognised at point of time
Disaggregation of revenue
Revenue	42,809	67,290	61,230
Total of reportable segments \| Connectivity services
Disaggregation of revenue
Revenue	387,866	375,917	363,297
Total of reportable segments \| Sales of goods
Disaggregation of revenue
Revenue	42,809	67,290	61,230
Total of reportable segments \| Fintech services
Disaggregation of revenue
Revenue	63,543	46,632	33,773
Total of reportable segments \| Other services
Disaggregation of revenue
Revenue	3,223	1,907	1,067
Fintech \| External Customers
Disaggregation of revenue
Revenue	64,676	47,545	34,308
Fintech \| External Customers \| Recognised over time
Disaggregation of revenue
Revenue	42,990	28,225	24,902
Fintech \| External Customers \| Recognised at point of time
Disaggregation of revenue
Revenue	21,686	19,320	9,406
Fintech \| Connectivity services
Disaggregation of revenue
Revenue	269	198	166
Fintech \| Fintech services
Disaggregation of revenue
Revenue	63,543	46,632	33,773
Fintech \| Other services
Disaggregation of revenue
Revenue	864	715	369
Telecom \| External Customers
Disaggregation of revenue
Revenue	432,766	444,201	425,059
Telecom \| External Customers \| Recognised over time
Disaggregation of revenue
Revenue	389,957	376,911	363,829
Telecom \| External Customers \| Recognised at point of time
Disaggregation of revenue
Revenue	42,809	67,290	61,230
Telecom \| Connectivity services
Disaggregation of revenue
Revenue	387,598	375,719	363,131
Telecom \| Sales of goods
Disaggregation of revenue
Revenue	42,809	67,290	61,230
Telecom \| Other services
Disaggregation of revenue
Revenue	2,359	1,192	698
Other \| External Customers
Disaggregation of revenue
Revenue	44,221	36,079	30,372
Other \| External Customers \| Recognised over time
Disaggregation of revenue
Revenue	43,299	34,396	28,779
Other \| External Customers \| Recognised at point of time
Disaggregation of revenue
Revenue	922	1,683	1,593
Other \| Connectivity services
Disaggregation of revenue
Revenue	36,417	29,612	24,705
Other \| Sales of goods
Disaggregation of revenue
Revenue	922	1,683	1,593
Other \| Fintech services
Disaggregation of revenue
Revenue			23
Other \| Other services
Disaggregation of revenue
Revenue	6,882	4,784	4,051
HQ and elimination \| External Customers
Disaggregation of revenue
Revenue	87	96	92
HQ and elimination \| External Customers \| Recognised over time
Disaggregation of revenue
Revenue	87	96	92
HQ and elimination \| Connectivity services
Disaggregation of revenue
Revenue	87	96	92
Intersegment \| Total of reportable segments
Disaggregation of revenue
Revenue	9,359	6,908	6,723
Intersegment \| Fintech
Disaggregation of revenue
Revenue	3,763	2,770	2,463
Intersegment \| Telecom
Disaggregation of revenue
Revenue	5,596	4,138	4,260
Intersegment \| Other
Disaggregation of revenue
Revenue	21,559	19,623	13,079
Intersegment \| HQ and elimination
Disaggregation of revenue
Revenue	(30,918)	(26,531)	(19,802)
Operating segments
Disaggregation of revenue
Revenue	541,749	527,921	489,831
Operating segments \| Total of reportable segments
Disaggregation of revenue
Revenue	506,800	498,654	466,090
Operating segments \| Fintech
Disaggregation of revenue
Revenue	68,439	50,315	36,771
Operating segments \| Telecom
Disaggregation of revenue
Revenue	438,362	448,339	429,319
Operating segments \| Other
Disaggregation of revenue
Revenue	65,780	55,702	43,451
Operating segments \| HQ and elimination
Disaggregation of revenue
Revenue	₽ (30,831)	₽ (26,435)	₽ (19,710)

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS - Contract balances (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of disaggregation of revenue from contracts with customers
Receivables	₽ 30,012	₽ 32,361
Contract assets	96	189
Total assets	30,108	32,550
Less current portion	(29,213)	(20,638)
Total non-current assets	895	11,912
Contract liabilities	(27,206)	(23,571)
Less current portion	26,082	22,621
Total non-current liabilities	(1,124)	(977)
Significant changes in the contract assets and the contract liabilities balances
Contract liabilities at beginning of period	(23,571)	(21,842)
Revenue recognised that was included in the contract liability balance at the beginning of the period	22,687	18,712
Increase due to cash received, excluding amount recognised as revenue during the period	25,657	(20,441)
Aquisition of Gulfstream, Bronevik and Webinar	(665)
Contract liabilities at end of period	(27,206)	(23,571)
Connectivity services
Revenue related to performance obligations that are unsatisfied (or partially unsatisfied)
Revenue related to performance obligations	25,499
Transaction price assigned to unsatisfied performance obligations	3,264
Connectivity services \| 2023
Revenue related to performance obligations that are unsatisfied (or partially unsatisfied)
Revenue related to performance obligations	24,375
Transaction price assigned to unsatisfied performance obligations	812
Connectivity services \| 2024-2028
Revenue related to performance obligations that are unsatisfied (or partially unsatisfied)
Revenue related to performance obligations	1,097
Transaction price assigned to unsatisfied performance obligations	2,130
Connectivity services \| 2029-2033
Revenue related to performance obligations that are unsatisfied (or partially unsatisfied)
Revenue related to performance obligations	27
Transaction price assigned to unsatisfied performance obligations	210
Connectivity services \| After 2032
Revenue related to performance obligations that are unsatisfied (or partially unsatisfied)
Transaction price assigned to unsatisfied performance obligations	112
Other services
Disclosure of disaggregation of revenue from contracts with customers
Contract liabilities	(1,252)	(1,056)
Significant changes in the contract assets and the contract liabilities balances
Contract liabilities at beginning of period	(1,056)
Contract liabilities at end of period	(1,252)	(1,056)
Revenue related to performance obligations that are unsatisfied (or partially unsatisfied)
Revenue related to performance obligations	1,252
Other services \| 2023
Revenue related to performance obligations that are unsatisfied (or partially unsatisfied)
Revenue related to performance obligations	1,252
Loyalty programme
Disclosure of disaggregation of revenue from contracts with customers
Contract liabilities	(455)	(451)
Significant changes in the contract assets and the contract liabilities balances
Contract liabilities at beginning of period	(451)
Contract liabilities at end of period	(455)	(451)
Revenue related to performance obligations that are unsatisfied (or partially unsatisfied)
Revenue related to performance obligations	455
Loyalty programme \| 2023
Revenue related to performance obligations that are unsatisfied (or partially unsatisfied)
Revenue related to performance obligations	455
Mobile and fixed telecommunication services
Disclosure of disaggregation of revenue from contracts with customers
Contract liabilities	(25,499)	(22,064)
Significant changes in the contract assets and the contract liabilities balances
Contract liabilities at beginning of period	(22,064)
Contract liabilities at end of period	₽ (25,499)	₽ (22,064)

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS - Cost to obtain and fulfill a contract (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets recognised from costs to obtain or fulfil contracts with customers
Amortization expense related to cost to obtain or fulfill contracts	₽ 4,457	₽ 4,076	₽ 3,819
Impairment loss related to costs capitalized	0	0	₽ 0
Cost-to-obtain contracts
Assets recognised from costs to obtain or fulfil contracts with customers
Gross book value	15,589	14,633
Accumulated amortization	(7,080)	(6,736)
Cost to fulfill contracts
Assets recognised from costs to obtain or fulfil contracts with customers
Gross book value	4,967	5,240
Accumulated amortization	₽ (2,686)	₽ (2,279)

SELLING, GENERAL AND ADMINIST_3

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
Salaries and social contributions	₽ 63,181	₽ 54,149	₽ 48,737
Advertising and marketing expenses	14,145	12,539	10,652
General and administrative expenses	8,961	8,050	7,498
Dealers commission	4,434	3,434	3,385
Universal service fund	3,887	3,813	3,670
Consulting expenses	3,464	3,614	3,409
Cash collection commission	3,130	3,533	3,645
Taxes other than income tax	2,492	1,062	1,844
Other personnel expenses	2,431	1,845	1,539
Utilities and maintenance	1,885	2,550	2,255
Other	1,391	1,446	1,168
Total	₽ 109,401	₽ 96,035	₽ 87,802

FINANCE INCOME AND COSTS (Detai

FINANCE INCOME AND COSTS (Details) - RUB (₽) ₽ in Millions	12 Months Ended
FINANCE INCOME AND COSTS (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest expense:
Loans and notes	₽ 45,838	₽ 29,430	₽ 28,174
Amortization of debt issuance costs	125	109	97
Lease obligations	12,791	11,816	12,272
Provisions: unwinding of discount	152	165	138
Total interest expense	58,906	41,520	40,681
(Gain) loss on financial instruments			373
Other finance costs	(72)	140	84
Total finance costs	58,834	41,660	41,138
Less: amounts capitalized on qualifying assets	(850)	(534)	(426)
Debt modification/derecognition and other loss/(gain)	394	216	1,366
Finance costs	58,378	41,342	42,078
Finance income on loans and receivables:
Interest income on bank deposits	1,341	1,468	2,282
Interest income on loans issued	349	52	17
Other finance income	84	998	1,138
Finance income	1,774	2,518	3,437
Net finance costs	₽ 56,604	₽ 38,824	₽ 38,641
Annual weighted average capitalization rates	9.20%	6.80%	6.90%

OTHER NON - OPERATING (INCOME)

OTHER NON - OPERATING (INCOME) EXPENSES (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
OTHER NON-OPERATING (INCOME)/EXPENSES
Net forex exchange (gain) / loss	₽ (3,404)	₽ 560	₽ 10,347
Loss/(gain) arising on derivatives	3,616	345	(13,443)
Net gain/(loss) arising on financial assets measured at FVTPL	2,287	(139)	(1,893)
Net gain/(loss) arising on financial liabilities measured at FVTPL	204		(53)
Impairment of investments and loans given			1,392
Other	338	(241)	553
Total	₽ 3,041	₽ 525	₽ (3,097)

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narrative (Details) - RUB (₽) ₽ in Millions			1 Months Ended			12 Months Ended
	Oct. 30, 2020	Nov. 22, 2019	Oct. 31, 2022	Mar. 31, 2021	Oct. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Preludium B.V.
Carrying amounts of Preludium B.V and Nvision Group of net assets and reconciliation of the loss on disposal
Sale of ownership in discontinued operation (as a percentage)		100%
Contingent consideration received				₽ 1,234
Fair value of contingent consideration receivable						₽ 0	₽ 1,867
NVision Group
Carrying amounts of Preludium B.V and Nvision Group of net assets and reconciliation of the loss on disposal
Sale of ownership in discontinued operation (as a percentage)					100%
Cash consideration received	₽ 369							₽ 369
Nvision Czech Republic
Carrying amounts of Preludium B.V and Nvision Group of net assets and reconciliation of the loss on disposal
Sale of ownership in discontinued operation (as a percentage)			100%
Contingent consideration received						50
Fair value of contingent consideration receivable						453
Cash consideration received						₽ 50

DISCONTINUED OPERATIONS - Carry

DISCONTINUED OPERATIONS - Carrying amounts of net assets and reconciliation of the loss on disposal (Details) - RUB (₽) ₽ in Millions			1 Months Ended			12 Months Ended
	Oct. 30, 2020	Nov. 22, 2019	Oct. 31, 2022	Mar. 31, 2021	Oct. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Carrying amounts of Preludium B.V and Nvision Group of net assets and reconciliation of the loss on disposal
Property, plant and equipment						₽ 312,509	₽ 311,250
Right-of-use assets						120,192	132,343
Goodwill						55,694	42,819	₽ 38,041
Other non-current assets						4,046	5,790
Other current assets						3,916	1,862
Cash and cash equivalents						78,292	40,590	85,405	₽ 38,070
Non-current liabilities						(535,202)	(527,794)
Current liabilities						(551,345)	(473,420)
Accumulated other comprehensive loss						(12,103)	(10,207)
Additional paid-in capital						(895)	(619)
Other						(28,655)	(18,562)
Results of discontinued operation
Net (loss)/income attributable to discontinued operations						(2,918)	792	796
Cash flows from (used in) discontinued operation
Net cash provided by investing activities								583
Preludium B.V.
Carrying amounts of Preludium B.V and Nvision Group of net assets and reconciliation of the loss on disposal
Sale of ownership in discontinued operation (as a percentage)		100%
Contingent consideration received				₽ 1,234
Fair value of consideration						0	(1,867)
Results of discontinued operation
Profit on disposal								2,101
Currency revaluation gain/(loss) on deferred consideration								154
Earn-out revaluation - fair value measurement						(1,867)	377	645
Earn-out revaluation - Currency revaluation gain/(loss)							93	(27)
Net (loss)/income attributable to discontinued operations						(1,867)	470	2,873
Cash flows from (used in) discontinued operation
Net cash provided by investing activities							1,234	2,998
NVision Group
Carrying amounts of Preludium B.V and Nvision Group of net assets and reconciliation of the loss on disposal
Sale of ownership in discontinued operation (as a percentage)					100%
Property, plant and equipment	₽ 95
Intangible assets	245
Other non-current assets	220
Other current assets	2,912
Cash and cash equivalents	285
Non-current liabilities	(98)
Current liabilities	(3,281)
Accumulated other comprehensive loss	3
Total consideration	(369)
Cash and cash equivalents	(369)
Loss on disposal	11
Net cash inflow (outflow) arising on disposal:	84
Cash consideration received	369							369
Less: cash and cash equivalents disposed of	₽ (285)
Results of discontinued operation
Profit on disposal								(11)
Net (loss)/income attributable to discontinued operations								(2,256)
Cash flows from (used in) discontinued operation
Net cash provided by investing activities								664
Nvision Czech Republic
Carrying amounts of Preludium B.V and Nvision Group of net assets and reconciliation of the loss on disposal
Sale of ownership in discontinued operation (as a percentage)			100%
Property, plant and equipment						225
Intangible assets						32
Other non-current assets						371
Other current assets						2,170
Cash and cash equivalents						80
Non-current liabilities						(103)
Current liabilities						(1,547)
Accumulated other comprehensive loss						794
Other						(202)
Contingent consideration received						50
Fair value of consideration						(453)
Loss on disposal						1,367
Net cash inflow (outflow) arising on disposal:						(30)
Cash consideration received						50
Less: cash and cash equivalents disposed of						(80)
Results of discontinued operation
Profit on disposal						(1,367)
Earn-out revaluation - fair value measurement						4
Earn-out revaluation - Currency revaluation gain/(loss)						78
Net (loss)/income attributable to discontinued operations						(1,051)	322	179
Cash flows from (used in) discontinued operation
Net cash provided by investing activities						₽ (69)	₽ 356	(81)
Nvision Czech Republic and Nvision Group
Results of discontinued operation
Profit on disposal								(11)
Net (loss)/income attributable to discontinued operations								₽ (2,077)

DISCONTINUED OPERATIONS - Dispo

DISCONTINUED OPERATIONS - Disposal (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Results of discontinued operation
Revenue	₽ 541,749	₽ 527,921	₽ 489,831
Profit/(Loss) before tax	50,001	78,837	77,332
Attributable tax income/(expense)	(32)	43	(1,075)
Net (loss)/income attributable to discontinued operations	(2,918)	792	796
Cash flows from (used in) discontinued operation
Net cash provided by/(used in) operating activities			(1,393)
Net cash provided by/(used in) investing activities			583
Net cash provided by/(used in) financing activities			673
Preludium B.V.
Results of discontinued operation
Loss on disposal			2,101
Currency revaluation gain/(loss) on deferred consideration			154
Consideration revaluation - fair value measurement	(1,867)	377	645
Consideration revaluation - Currency revaluation gain/(loss)		93	(27)
Net (loss)/income attributable to discontinued operations	(1,867)	470	2,873
Cash flows from (used in) discontinued operation
Net cash provided by/(used in) investing activities		1,234	2,998
NVision Group
Results of discontinued operation
Revenue			10,051
Expenses			(11,293)
Profit/(Loss) before tax			(1,242)
Attributable tax income/(expense)			(1,003)
Profit/(Loss) for the period			(2,245)
Loss on disposal			(11)
Net (loss)/income attributable to discontinued operations			(2,256)
Cash flows from (used in) discontinued operation
Net cash provided by/(used in) operating activities			(1,466)
Net cash provided by/(used in) investing activities			664
Net cash provided by/(used in) financing activities			748
Nvision Czech Republic
Results of discontinued operation
Revenue	6,004	6,482	5,096
Expenses	(5,802)	(6,117)	(4,845)
Profit/(Loss) before tax	202	365	251
Attributable tax income/(expense)	32	(43)	(72)
Profit/(Loss) for the period	234	322	179
Loss on disposal	(1,367)
Consideration revaluation - fair value measurement	4
Consideration revaluation - Currency revaluation gain/(loss)	78
Net (loss)/income attributable to discontinued operations	(1,051)	322	179
Cash flows from (used in) discontinued operation
Net cash provided by/(used in) operating activities	61	(204)	73
Net cash provided by/(used in) investing activities	(69)	356	(81)
Net cash provided by/(used in) financing activities	₽ 31	₽ (154)	(75)
Nvision Czech Republic and Nvision Group
Results of discontinued operation
Revenue			15,147
Expenses			(16,138)
Profit/(Loss) before tax			(991)
Attributable tax income/(expense)			(1,075)
Profit/(Loss) for the period			(2,066)
Loss on disposal			(11)
Net (loss)/income attributable to discontinued operations			₽ (2,077)

INCOME TAX (Details)

INCOME TAX (Details) - RUB (₽) ₽ in Millions	12 Months Ended
INCOME TAX (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Components of income tax expense
Corporate income tax rate	20%	20%	20%
Current income tax charge	₽ 14,480	₽ 20,089	₽ 15,151
Prior period tax adjustments	159	(173)	(490)
Total current income tax	14,639	19,916	14,661
Deferred tax	(991)	(4,556)	1,394
Income tax expense on continuing operations	13,648	15,360	16,055
Tax effect from the discontinued operations	₽ (32)	₽ 43	₽ (1,075)
Russia
Components of income tax expense
Corporate income tax rate	20%	20%	20%
Withholding tax rate on dividends paid	13%	13%	13%

INCOME TAX - Reconciliation of

INCOME TAX - Reconciliation of groups effective income tax (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
INCOME TAX
Statutory income tax rate for the year (as a percentage)	20%	20%	20%
Adjustments:
Expenses not deductible for tax purposes	2.50%	0.10%	1.30%
Prior periods tax effects	0.30%	(0.20%)	(0.70%)
Different tax rate of subsidiaries	(0.60%)	(0.80%)	(0.80%)
Withholding tax on distributed and undistributed profits	4.10%	1.60%	1.50%
Change in fair value of derivative financial instruments	0.50%
Changes in recognized deferred tax assets		(0.90%)	(0.10%)
Other	0.50%	(0.30%)	(0.40%)
Effective income tax rate	27.30%	19.50%	20.80%
Armenia
INCOME TAX
Statutory income tax rate for the year (as a percentage)	18%	18%	18%
Russia
INCOME TAX
Statutory income tax rate for the year (as a percentage)	20%	20%	20%
Czech Republic
INCOME TAX
Statutory income tax rate for the year (as a percentage)				0%

INCOME TAX - Deferred income ta

INCOME TAX - Deferred income tax assets and liabilities (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
INCOME TAX
Deferred tax assets	₽ 11,610	₽ 11,683
Deferred tax liabilities	(17,759)	(17,901)
Net deferred tax liabilities	₽ (6,149)	₽ (6,218)	₽ (10,413)

INCOME TAX - Movements in the d

INCOME TAX - Movements in the deferred tax assets and liabilities (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	₽ (6,218)	₽ (10,413)
Recognised in profit / loss	991	4,521
Recognised in other comprehensive income	180	(20)
Effect of acquisitions and disposal	1,102	306
Net deferred tax liability at the end of the period	(6,149)	(6,218)
Discontinued operations
Assets / (liabilities) arising from tax effect of:
Recognised in profit / loss		(35)
Property, plant and equipment
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	(19,680)	(18,250)
Recognised in profit / loss	(871)	(1,352)
Recognised in other comprehensive income	62	32
Effect of acquisitions and disposal		110
Net deferred tax liability at the end of the period	(20,489)	(19,680)
Other intangible assets
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	(5,458)	(6,314)
Recognised in profit / loss	3,296	998
Effect of acquisitions and disposal	260	142
Net deferred tax liability at the end of the period	(2,422)	(5,458)
Potential distributions from/ to Group's subsidiaries/ associates and joint ventures
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	(2,426)	(2,506)
Recognised in profit / loss	(1,240)	166
Recognised in other comprehensive income	98	(86)
Net deferred tax liability at the end of the period	(3,568)	(2,426)
Licenses
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	(1,675)	(1,699)
Recognised in profit / loss	79	24
Net deferred tax liability at the end of the period	(1,596)	(1,675)
Customer base
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	(592)	(470)
Recognised in profit / loss	550	107
Effect of acquisitions and disposal	768	229
Net deferred tax liability at the end of the period	(810)	(592)
Capitalization of cost to obtain and fulfill contracts
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	(1,830)	(1,668)
Recognised in profit / loss	(86)	(162)
Net deferred tax liability at the end of the period	(1,916)	(1,830)
Accrued expenses for services
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	7,814	7,158
Recognised in profit / loss	872	588
Recognised in other comprehensive income	(8)	(1)
Effect of acquisitions and disposal	59	(69)
Net deferred tax liability at the end of the period	8,619	7,814
Write-down of inventories
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	238	413
Recognised in profit / loss	266	(178)
Recognised in other comprehensive income	3
Effect of acquisitions and disposal		(3)
Net deferred tax liability at the end of the period	507	238
Tax effect of Allowance for ECL
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	3,254	2,713
Recognised in profit / loss	731	533
Recognised in other comprehensive income	5	3
Effect of acquisitions and disposal		(5)
Net deferred tax liability at the end of the period	3,990	3,254
Tax effect of right-of-use assets
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	(26,076)	(25,686)
Recognised in profit / loss	2,317	(392)
Recognised in other comprehensive income	7	2
Effect of acquisitions and disposal	1
Net deferred tax liability at the end of the period	(23,753)	(26,076)
Lease obligations
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	31,093	29,910
Recognised in profit / loss	(2,130)	1,181
Recognised in other comprehensive income	(5)	(1)
Effect of acquisitions and disposal		(3)
Net deferred tax liability at the end of the period	28,958	31,093
Loss carryforward
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	5,857	3,961
Recognised in profit / loss	(2,379)	1,801
Recognised in other comprehensive income	2
Effect of acquisitions and disposal	(38)	(95)
Net deferred tax liability at the end of the period	3,518	5,857
Contract liabilities.
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	1,606	1,430
Recognised in profit / loss	276	176
Net deferred tax liability at the end of the period	1,882	1,606
Other
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	1,730	718
Recognised in profit / loss	(769)	981
Recognised in other comprehensive income	16	31
Effect of acquisitions and disposal	52
Net deferred tax liability at the end of the period	925	1,730
Debt modification
Assets / (liabilities) arising from tax effect of:
Net deferred tax liability at the beginning of the period	(73)	(123)
Recognised in profit / loss	79	50
Net deferred tax liability at the end of the period	₽ 6	₽ (73)

INCOME TAX - Recognized tax los

INCOME TAX - Recognized tax losses and uncertain income tax positions (Details) - RUB (₽) ₽ in Millions	Nov. 30, 2016	Dec. 31, 2022	Dec. 31, 2021
INCOME TAX
Maximum percentage of tax base can be reduced by tax losses carry forward for years 2017 - 2020	50%
Unused tax losses		₽ 35,100	₽ 40,898
Uncertain income tax positions		₽ 109	₽ 160

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - RUB (₽) ₽ / shares in Units, shares in Thousands, ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Profit for the year from continuing operations attributable to the owners of the company	₽ 35,492	₽ 62,681	₽ 60,616
Profit / (loss) for the year from discontinued operations attributable to the owners of the company	₽ (2,918)	₽ 792	₽ 796
Denominator, in thousands:
Weighted-average ordinary shares outstanding	1,679,533	1,693,244	1,760,468
Employee stock options	25,883	8,541	1,310
Weighted-average diluted shares outstanding	1,705,416	1,701,785	1,761,778
Earnings per share - basic, Russian Rubles	₽ 19.39	₽ 37.49	₽ 34.88
Basic EPS from continuing operations	21.13	37.02	34.43
Basic EPS from discontinued operations	(1.74)	0.47	0.45
Earnings per share - diluted, Russian Rubles	19.10	37.30	34.86
Diluted EPS from continuing operations	20.81	36.83	34.41
Diluted EPS from discontinued operations	₽ (1.71)	₽ 0.47	₽ 0.45

CASH AND CASH EQUIVALENTS (Deta

CASH AND CASH EQUIVALENTS (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
CASH AND CASH EQUIVALENTS
Total cash and cash equivalents	₽ 78,292	₽ 40,590	₽ 85,405	₽ 38,070
Russian Rubles
CASH AND CASH EQUIVALENTS
Cash and cash equivalents at banks and on hand	33,912	17,911
Short-term deposits with an original maturity of less than 92 days	10,213	16,594
Chinese yuan
CASH AND CASH EQUIVALENTS
Cash and cash equivalents at banks and on hand	12,404	15
USD
CASH AND CASH EQUIVALENTS
Cash and cash equivalents at banks and on hand	11,902	1,766
Euro
CASH AND CASH EQUIVALENTS
Cash and cash equivalents at banks and on hand	7,516	2,899
Turkmenian Manat
CASH AND CASH EQUIVALENTS
Cash and cash equivalents at banks and on hand	314	367
Other currencies
CASH AND CASH EQUIVALENTS
Cash and cash equivalents at banks and on hand	₽ 2,031	801
Short-term deposits with an original maturity of less than 92 days		₽ 237

SHORT-TERM INVESTMENTS (Details

SHORT-TERM INVESTMENTS (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
SHORT-TERM INVESTMENTS
Short-term investments, gross	₽ 24,419	₽ 28,975
Allowance for ECL	3	(3)
Total short-term investments	24,422	28,972
At amortized cost
SHORT-TERM INVESTMENTS
Notes / loans	2,235	6,383
Deposits	9	1,499
At FVTPL
SHORT-TERM INVESTMENTS
Investments in mutual funds	12,749	10,719
Assets in Sistema-Capital trust management	₽ 9,426	₽ 10,374

INVESTMENTS IN ASSOCIATES AND_3

INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Total investments in associates and joint ventures accounted for using the equity method	₽ 9,275	₽ 8,430
Other unquoted companies accounted for at fair value through profit or loss	477	305
Total investments in associates	9,752	8,735
MTS Belarus
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Total investments in associates and joint ventures accounted for using the equity method	5,798	6,265
Zelenaya Tochka Group
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Total investments in associates and joint ventures accounted for using the equity method	199	141
YouDo
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Total investments in associates and joint ventures accounted for using the equity method	667	705
Other unquoted companies
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Total investments in associates and joint ventures accounted for using the equity method	₽ 2,611	₽ 1,319

INVESTMENTS IN ASSOCIATES AND_4

INVESTMENTS IN ASSOCIATES AND JOINT VENTURES - MTS Belarus (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Non-current assets	₽ 782,047	₽ 752,518
Current assets	300,883	263,300
Liabilities
Non-current liabilities	(535,202)	(527,794)
Current liabilities	(551,345)	(473,420)
Statement of profit or loss
Revenue	541,749	527,921	₽ 489,831
Net (income) for the year	(33,435)	(64,269)	(62,073)
Total comprehensive (income) for the year	(35,331)	(65,466)	(63,717)
MTS Belarus
ASSETS
Non-current assets	14,743	19,030
Current assets	11,940	15,386
Liabilities
Non-current liabilities	(4,497)	(9,062)
Current liabilities	(10,354)	(12,568)
Total identifiable net assets	₽ 11,832	₽ 12,786
The Group's share in associate	49%	49%
The Group's share of identifiable net assets	₽ 5,798	₽ 6,265
Carrying amount of the Group's interest	5,798	6,265
Statement of profit or loss
Revenue	37,444	39,383	36,121
Net (income) for the year	(9,863)	(10,379)	(10,267)
The Group's share of the (income)/loss of the associate for the year	(4,833)	(5,086)	(5,031)
Other comprehensive income/(loss) for the year (currency translation adjustment)	(1,541)	183	(397)
Total comprehensive (income) for the year	(8,322)	(10,562)	(9,870)
The Group's share of total comprehensive (income)/loss of the associate for the year	(4,078)	(5,175)	(4,836)
Dividends received	(4,545)	(4,034)	(4,212)
Investments in individually insignificant associates and joint ventures
Statement of profit or loss
Net (income) for the year	(1,035)	(856)	(1,048)
The Group's share of the (income)/loss of the associate for the year	(209)	(181)	(273)
Total comprehensive (income) for the year	(1,035)	(856)	(1,048)
The Group's share of total comprehensive (income)/loss of the associate for the year	₽ (209)	₽ (181)	₽ (273)

INVESTMENTS IN ASSOCIATES AND_5

INVESTMENTS IN ASSOCIATES AND JOINT VENTURES - Others (Details) - RUB (₽) ₽ in Millions		1 Months Ended						12 Months Ended
	Mar. 31, 2021	Sep. 30, 2022	Nov. 30, 2021	Jul. 31, 2021	Apr. 30, 2021	Feb. 29, 2020	Sep. 30, 2018	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Proceeds from disposal of ownership interest in associate									₽ 3,014	₽ 2,450
Statement of profit or loss
Total interest expense								₽ 58,906	41,520	40,681
Net (income) for the year								(33,435)	(64,269)	(62,073)
Total comprehensive (income) for the year								₽ (35,331)	(65,466)	(63,717)
LLC Factorin
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Proportion of ownership interest in joint venture (in percentage)				100%
Navitel
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Percentage of ownership in stream after acquisition		50.85%
Zelenaya Tochka Group Achemar Holdings Ltd
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Cash paid or payable					₽ 1,512
Carrying value of previously held equity interest	₽ 1,166
Fair value of previously held equity interest					1,582
Gain on remeasurement of previously held interest upon acquisition					₽ 415
Proportion of ownership interest in joint venture (in percentage)	51%				100%
Statement of profit or loss
Gain on remeasurement of previously held interest upon acquisition					₽ (415)
Navitel
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Cash paid or payable		₽ 690
Achemar Holdings Limited and Clarkia Holdings Limited
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Total consideration						₽ 1,370
Purchase price share due to fair value of options						₽ 166
Proportion of ownership interest in joint venture (in percentage)						51%
Amaran Limited
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Total consideration				₽ 867
Proportion of ownership interest in joint venture (in percentage)				51%
YouDo
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
The Group's share in associate			14.39%				13.68%
Total consideration							₽ 824
YouDo \| Maximum
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
The Group's share in associate								20%
Investments in individually insignificant associates and joint ventures
Statement of profit or loss
Net (income) for the year								₽ (1,035)	(856)	(1,048)
The Group's share of the (income)/loss of the associate or joint venture for the year								(209)	(181)	(273)
Total comprehensive (income) for the year								(1,035)	(856)	(1,048)
The Group's share of total comprehensive (income)/loss of the associate or joint venture for the year								(209)	(181)	₽ (273)
Investments in individually insignificant joint ventures
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Gain on remeasurement of previously held interest upon acquisition									415
Statement of profit or loss
Net (income) for the year								1,362	114
The Group's share of the (income)/loss of the associate or joint venture for the year								260	32
Total comprehensive (income) for the year								1,362	114
Gain on remeasurement of previously held interest upon acquisition									(415)
Compensation of losses									(96)
The Group's share of total comprehensive (income)/loss of the associate or joint venture for the year								₽ 260	₽ (479)

INVESTMENTS IN ASSOCIATES AND_6

INVESTMENTS IN ASSOCIATES AND JOINT VENTURES - Investments in venture capital associates (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Fair value adjustments	₽ (1,367)	₽ (54)	₽ 2,101
Total investments in associates measured at fair value through profit or loss
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Investments in associates	305
Investment	172
Investments in associates	₽ 477	₽ 305

OTHER INVESTMENTS (Details)

OTHER INVESTMENTS (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
Other investments
Investments in equity	₽ 9,752	₽ 8,735
Other investments (Gross)	7,538	4,593
Allowance for ECL	1	(2)
Total other investments	7,539	4,591
At amortized cost
Other investments
Debt securities	1,299	2,810
Loans and unquoted notes	4,239	555
At FVTPL
Other investments
Investments in equity	₽ 2,000	₽ 1,228

TRADE AND OTHER RECEIVABLES (De

TRADE AND OTHER RECEIVABLES (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
TRADE AND OTHER RECEIVABLES
Subscribers	₽ 16,689	₽ 15,240
Handset sales financing	5,630	12,161
Property	2,607	683
Bank commission	2,512	1,208
Bonuses from suppliers	2,467	892
Interconnect	1,658	1,640
Sharing	1,474	2,164
Integration services	1,070	1,584
Roaming	686	800
Dealers	267	161
Factoring	64	282
Other receivables	6,179	6,516
Allowance for ECL	(3,245)	(3,536)
Trade and other receivables, total	38,058	39,795
Less non-current portion	(882)	(1,898)
Trade and other receivables, current	₽ 37,176	₽ 37,897

TRADE AND OTHER RECEIVABLES - A

TRADE AND OTHER RECEIVABLES - Aging analysis of trade and other accounts receivables (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
TRADE AND OTHER RECEIVABLES
Weighted average loss rate, subscribers and dealers and other trade receivables (as a percent)	9%	10%
Gross carrying amount, subscribers and dealers and other trade receivables	₽ 16,956	₽ 15,401
Weighted average loss rate, receivables other then from subscribers and dealers and handset financing	5%	7%
Gross carrying amount, receivables other then from subscribers and dealers and handset financing	₽ 18,716	₽ 15,769
Weighted average loss rate, handset sales financing (as a percent)	13%	7%
Gross carrying amount, handset sales financing	₽ 5,630	₽ 12,161
Provision matrix
TRADE AND OTHER RECEIVABLES
Loss allowance, subscribers and dealers and other trade receivables	(1,597)	(1,527)
Individually assessed
TRADE AND OTHER RECEIVABLES
Loss allowance, receivables other then from subscribers and dealers and handset financing	(942)	(1,113)
Collectively assessed
TRADE AND OTHER RECEIVABLES
Loss allowance, handset sales financing	₽ (706)	₽ (896)
Current \| Not credit impaired
TRADE AND OTHER RECEIVABLES
Weighted average loss rate, subscribers and dealers and other trade receivables (as a percent)	1%	1%
Gross carrying amount, subscribers and dealers and other trade receivables	₽ 2,602	₽ 2,560
Weighted average loss rate, receivables other then from subscribers and dealers and handset financing	2%	2%
Gross carrying amount, receivables other then from subscribers and dealers and handset financing	₽ 11,158	₽ 9,407
Weighted average loss rate, handset sales financing (as a percent)	1%	2%
Gross carrying amount, handset sales financing	₽ 4,628	₽ 10,948
Current \| Not credit impaired \| Provision matrix
TRADE AND OTHER RECEIVABLES
Loss allowance, subscribers and dealers and other trade receivables	(29)	(27)
Current \| Not credit impaired \| Individually assessed
TRADE AND OTHER RECEIVABLES
Loss allowance, receivables other then from subscribers and dealers and handset financing	(187)	(193)
Current \| Not credit impaired \| Collectively assessed
TRADE AND OTHER RECEIVABLES
Loss allowance, handset sales financing	₽ (68)	₽ (180)
1 - 30 days past due \| Not credit impaired
TRADE AND OTHER RECEIVABLES
Weighted average loss rate, subscribers and dealers and other trade receivables (as a percent)	3%	3%
Gross carrying amount, subscribers and dealers and other trade receivables	₽ 12,490	₽ 10,848
Weighted average loss rate, receivables other then from subscribers and dealers and handset financing	0%	1%
Gross carrying amount, receivables other then from subscribers and dealers and handset financing	₽ 2,956	₽ 2,219
Weighted average loss rate, handset sales financing (as a percent)	21%	12%
Gross carrying amount, handset sales financing	₽ 123	₽ 289
1 - 30 days past due \| Not credit impaired \| Provision matrix
TRADE AND OTHER RECEIVABLES
Loss allowance, subscribers and dealers and other trade receivables	(390)	(332)
1 - 30 days past due \| Not credit impaired \| Individually assessed
TRADE AND OTHER RECEIVABLES
Loss allowance, receivables other then from subscribers and dealers and handset financing	(11)	(8)
1 - 30 days past due \| Not credit impaired \| Collectively assessed
TRADE AND OTHER RECEIVABLES
Loss allowance, handset sales financing	₽ (25)	₽ (34)
31 to 60 days past due \| Not credit impaired
TRADE AND OTHER RECEIVABLES
Weighted average loss rate, subscribers and dealers and other trade receivables (as a percent)	38%	32%
Gross carrying amount, subscribers and dealers and other trade receivables	₽ 506	₽ 583
Weighted average loss rate, receivables other then from subscribers and dealers and handset financing	2%	1%
Gross carrying amount, receivables other then from subscribers and dealers and handset financing	₽ 785	₽ 1,119
Weighted average loss rate, handset sales financing (as a percent)	41%	47%
Gross carrying amount, handset sales financing	₽ 63	₽ 94
31 to 60 days past due \| Not credit impaired \| Provision matrix
TRADE AND OTHER RECEIVABLES
Loss allowance, subscribers and dealers and other trade receivables	(195)	(189)
31 to 60 days past due \| Not credit impaired \| Individually assessed
TRADE AND OTHER RECEIVABLES
Loss allowance, receivables other then from subscribers and dealers and handset financing	(19)	(16)
31 to 60 days past due \| Not credit impaired \| Collectively assessed
TRADE AND OTHER RECEIVABLES
Loss allowance, handset sales financing	₽ (25)	₽ (45)
60 to 90 days past due \| Not credit impaired
TRADE AND OTHER RECEIVABLES
Weighted average loss rate, subscribers and dealers and other trade receivables (as a percent)	58%	45%
Gross carrying amount, subscribers and dealers and other trade receivables	₽ 392	₽ 355
Weighted average loss rate, receivables other then from subscribers and dealers and handset financing	2%	5%
Gross carrying amount, receivables other then from subscribers and dealers and handset financing	₽ 586	₽ 624
Weighted average loss rate, handset sales financing (as a percent)	52%	58%
Gross carrying amount, handset sales financing	₽ 58	₽ 74
60 to 90 days past due \| Not credit impaired \| Provision matrix
TRADE AND OTHER RECEIVABLES
Loss allowance, subscribers and dealers and other trade receivables	(228)	(161)
60 to 90 days past due \| Not credit impaired \| Individually assessed
TRADE AND OTHER RECEIVABLES
Loss allowance, receivables other then from subscribers and dealers and handset financing	(12)	(31)
60 to 90 days past due \| Not credit impaired \| Collectively assessed
TRADE AND OTHER RECEIVABLES
Loss allowance, handset sales financing	₽ (30)	₽ (43)
More than 90 days past due \| Impaired
TRADE AND OTHER RECEIVABLES
Weighted average loss rate, subscribers and dealers and other trade receivables (as a percent)	78%	78%
Gross carrying amount, subscribers and dealers and other trade receivables	₽ 966	₽ 1,055
Weighted average loss rate, receivables other then from subscribers and dealers and handset financing	22%	36%
Gross carrying amount, receivables other then from subscribers and dealers and handset financing	₽ 3,231	₽ 2,400
Weighted average loss rate, handset sales financing (as a percent)	74%	78%
Gross carrying amount, handset sales financing	₽ 759	₽ 756
More than 90 days past due \| Impaired \| Provision matrix
TRADE AND OTHER RECEIVABLES
Loss allowance, subscribers and dealers and other trade receivables	(755)	(818)
More than 90 days past due \| Impaired \| Individually assessed
TRADE AND OTHER RECEIVABLES
Loss allowance, receivables other then from subscribers and dealers and handset financing	(713)	(865)
More than 90 days past due \| Impaired \| Collectively assessed
TRADE AND OTHER RECEIVABLES
Loss allowance, handset sales financing	₽ (558)	₽ (594)

TRADE AND OTHER RECEIVABLES - C

TRADE AND OTHER RECEIVABLES - Changes in allowance for doubtful accounts receivables (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes in the allowance for doubtful accounts receivable
Balance, beginning of the year	₽ (3,536)
Balance, end of the year	(3,245)	₽ (3,536)
Trade and other receivables
Changes in the allowance for doubtful accounts receivable
Balance, beginning of the year	(3,536)	(4,623)	₽ (4,203)
Allowance for ECL	(2,203)	(1,135)	(3,382)
Accounts receivable written off	2,522	2,232	2,719
Disposal/(Acquisition) of subsidiaries	(28)	(10)	243
Balance, end of the year	₽ (3,245)	₽ (3,536)	₽ (4,623)

INVENTORIES (Details)

INVENTORIES (Details) - RUB (₽) ₽ in Millions	12 Months Ended
INVENTORIES (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
INVENTORIES
Handsets and accessories	₽ 10,290	₽ 15,201
SIM cards and prepaid phone cards	1,495	853
Software and equipment for installation and resale	1,433	364
Advertising and other materials	630	1,934
TV equipment for resale	305	449
Spare parts for telecommunication equipment	46	180
Total inventories	₽ 14,199	₽ 18,981
Expected utilization after year end of spare parts for telecommunication equipment, in months	12 months

INVENTORIES - Cost of goods (De

INVENTORIES - Cost of goods (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
INVENTORIES
Amount of inventories recognized as an expense	₽ 38,233	₽ 65,818	₽ 58,677
Inventory obsolescence provision	3,833	1,625	1,465
Reversal of obsolescence provision	(913)	(169)	(570)
Total cost of goods	₽ 41,153	₽ 67,274	₽ 59,572

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details)	12 Months Ended
PROPERTY, PLANT AND EQUIPMENT (Details)	Dec. 31, 2022
Network infrastructure \| Minimum
PROPERTY, PLANT AND EQUIPMENT
Expected useful life	3 years
Network infrastructure \| Maximum
PROPERTY, PLANT AND EQUIPMENT
Expected useful life	50 years
Other. \| Minimum
PROPERTY, PLANT AND EQUIPMENT
Expected useful life	3 years
Other. \| Maximum
PROPERTY, PLANT AND EQUIPMENT
Expected useful life	20 years
Buildings \| Minimum
PROPERTY, PLANT AND EQUIPMENT
Expected useful life	7 years
Buildings \| Maximum
PROPERTY, PLANT AND EQUIPMENT
Expected useful life	99 years
Office equipment \| Minimum
PROPERTY, PLANT AND EQUIPMENT
Expected useful life	2 years
Office equipment \| Maximum
PROPERTY, PLANT AND EQUIPMENT
Expected useful life	7 years
Vehicles \| Minimum
PROPERTY, PLANT AND EQUIPMENT
Expected useful life	2 years
Vehicles \| Maximum
PROPERTY, PLANT AND EQUIPMENT
Expected useful life	10 years
Other Office Equipment And Vehicles \| Minimum
PROPERTY, PLANT AND EQUIPMENT
Expected useful life	2 years
Other Office Equipment And Vehicles \| Maximum
PROPERTY, PLANT AND EQUIPMENT
Expected useful life	25 years

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Net book value (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	₽ 311,250
Property, plant and equipment at end of period	312,509	₽ 311,250
Amount of compensation from third parties	2,927	2,403	₽ 1,510
Network and base station equipment
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	213,862
Property, plant and equipment at end of period	210,019	213,862
Land and buildings
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	29,240
Property, plant and equipment at end of period	30,579	29,240
Office equipment, vehicles and other
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	33,072
Property, plant and equipment at end of period	33,740	33,072
Construction in progress and equipment for installation
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	35,076
Property, plant and equipment at end of period	38,171	35,076
Gross Book Value
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	742,467	706,907	674,320
Additions	55,865	78,721	75,022
Arising on business combinations	394	6,383	588
Transfer to assets held for sale	(1,004)	(1,044)	(3,402)
Disposal	(25,402)	(50,161)	(43,400)
Disposal of Subsidiary	(1,793)		(332)
Other	(1,062)	163	736
Foreign exchange differences	125	1,498	3,375
Property, plant and equipment at end of period	769,590	742,467	706,907
Gross Book Value \| Network and base station equipment
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	591,758	575,108	560,599
Additions	1,748	2,432	(173)
Transferred into use	39,096	57,666	53,005
Arising on business combinations	289	973	578
Transfer to assets held for sale	(978)	(992)	(2,890)
Disposal	(22,082)	(44,394)	(38,293)
Other	(2,948)	(341)	(4)
Foreign exchange differences	937	1,306	2,286
Property, plant and equipment at end of period	607,820	591,758	575,108
Gross Book Value \| Land and buildings
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	41,878	36,559	34,556
Additions	68	38	434
Transferred into use	1,965	748	1,317
Arising on business combinations		4,601	4
Transfer to assets held for sale		(1)	(475)
Disposal	74	(559)	(447)
Disposal of Subsidiary	(840)
Other	540	482	675
Foreign exchange differences	(438)	10	495
Property, plant and equipment at end of period	43,247	41,878	36,559
Gross Book Value \| Office equipment, vehicles and other
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	73,755	66,087	57,269
Additions	419	801	729
Transferred into use	9,426	11,499	12,286
Arising on business combinations	91	605	6
Transfer to assets held for sale	(26)	(24)	(34)
Disposal	(3,267)	(5,542)	(4,405)
Disposal of Subsidiary	(953)		(314)
Other	1,280	159	30
Foreign exchange differences	(373)	170	520
Property, plant and equipment at end of period	80,352	73,755	66,087
Gross Book Value \| Construction in progress and equipment for installation
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	35,076	29,153	21,896
Additions	53,630	75,450	74,032
Transferred into use	(50,487)	(69,913)	(66,608)
Arising on business combinations	14	204
Transfer to assets held for sale		(27)	(3)
Disposal	(127)	334	(255)
Disposal of Subsidiary			(18)
Other	66	(137)	35
Foreign exchange differences	(1)	12	74
Property, plant and equipment at end of period	38,171	35,076	29,153
Accumulated amortisation and impairment
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	(431,217)	(422,103)	(408,841)
Charge for the year	(53,928)	(53,139)	(50,069)
Transfer to assets held for sale	922	1,263	2,038
Disposal	25,208	43,722	37,566
Disposal of Subsidiary	1,569		236
Other	(973)	174	(172)
Foreign exchange differences	1,338	(1,134)	(2,861)
Property, plant and equipment at end of period	(457,081)	(431,217)	(422,103)
Accumulated amortisation and impairment \| Network and base station equipment
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	(377,896)	(372,242)	(362,006)
Charge for the year	(43,211)	(44,387)	(43,220)
Transfer to assets held for sale	899	1,247	1,899
Disposal	21,957	38,225	33,058
Other	210	277	(5)
Foreign exchange differences	240	(1,016)	(1,968)
Property, plant and equipment at end of period	(397,801)	(377,896)	(372,242)
Accumulated amortisation and impairment \| Land and buildings
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	(12,638)	(11,765)	(10,571)
Charge for the year	(1,167)	(1,204)	(1,153)
Transfer to assets held for sale		1	146
Disposal	(111)	435	343
Disposal of Subsidiary	794
Other	(20)	(99)	(133)
Foreign exchange differences	474	(6)	(397)
Property, plant and equipment at end of period	(12,668)	(12,638)	(11,765)
Accumulated amortisation and impairment \| Office equipment, vehicles and other
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at beginning of period	(40,683)	(38,096)	(36,264)
Charge for the year	(9,550)	(7,548)	(5,696)
Transfer to assets held for sale	23	15	(7)
Disposal	3,362	5,062	4,165
Disposal of Subsidiary	775		236
Other	(1,163)	(4)	(34)
Foreign exchange differences	624	(112)	(496)
Property, plant and equipment at end of period	₽ (46,612)	₽ (40,683)	₽ (38,096)

GOODWILL (Details)

GOODWILL (Details) - RUB (₽) ₽ in Millions	12 Months Ended
GOODWILL (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
Change in the net carrying amount of goodwill
Goodwill at beginning of period	₽ 42,819	₽ 38,041
Goodwill at end of period	55,694	42,819
Telecom
Change in the net carrying amount of goodwill
Goodwill at beginning of period	34,048	29,458
Goodwill at end of period	36,596	34,048
Gross Book Value
Change in the net carrying amount of goodwill
Goodwill at beginning of period	49,606	44,828
Acquisitions	12,716	4,383
Measurement period adjustment	(61)
Impairment	(489)
Currency translation adjustment	709	395
Goodwill at end of period	62,970	49,606
Gross Book Value \| Telecom
Change in the net carrying amount of goodwill
Goodwill at beginning of period	35,514	30,924
Acquisitions	2,609	4,337
Measurement period adjustment	(61)
Reclassification		253
Goodwill at end of period	38,062	35,514
Accumulated Depreciation
Change in the net carrying amount of goodwill
Goodwill at beginning of period	(6,787)	(6,787)
Goodwill at end of period	(7,276)	(6,787)
Accumulated Depreciation \| Telecom
Change in the net carrying amount of goodwill
Goodwill at beginning of period	(1,466)	(1,466)
Goodwill at end of period	(1,466)	(1,466)
Other Segments [Member]
Change in the net carrying amount of goodwill
Goodwill at beginning of period	8,771	8,583
Goodwill at end of period	19,098	8,771
Other Segments [Member] \| Gross Book Value
Change in the net carrying amount of goodwill
Goodwill at beginning of period	14,092	13,904
Acquisitions	10,107	46
Reclassification		(253)
Impairment	(489)
Currency translation adjustment	709	395
Goodwill at end of period	24,908	14,092
Other Segments [Member] \| Accumulated Depreciation
Change in the net carrying amount of goodwill
Goodwill at beginning of period	(5,321)	(5,321)
Goodwill at end of period	(5,810)	(5,321)
Armenia \| Accumulated Depreciation
Change in the net carrying amount of goodwill
Goodwill at beginning of period	(3,516)
Goodwill at end of period		(3,516)
Oblachnyi retail \| Accumulated Depreciation
Change in the net carrying amount of goodwill
Goodwill at beginning of period	(524)
Goodwill at end of period		(524)
Entertainment \| Accumulated Depreciation
Change in the net carrying amount of goodwill
Goodwill at beginning of period	(1,281)
Goodwill at end of period		₽ (1,281)
Gambit \| Accumulated Depreciation
Change in the net carrying amount of goodwill
Goodwill at end of period	(207)
MTS Auto \| Accumulated Depreciation
Change in the net carrying amount of goodwill
Goodwill at end of period	₽ (282)

IMPAIRMENT REVIEW (Details)

IMPAIRMENT REVIEW (Details) - RUB (₽) ₽ in Millions	12 Months Ended
IMPAIRMENT REVIEW (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2020
IMPAIRMENT REVIEW
Total impairment loss	₽ (489)	₽ 10	₽ (2,023)
Gambit
IMPAIRMENT REVIEW
Goodwill	207
Total impairment loss	207
MTS Auto
IMPAIRMENT REVIEW
Goodwill	282
Total impairment loss	₽ 282
MTS Entertainment
IMPAIRMENT REVIEW
Goodwill		1,281
Total impairment loss		₽ 1,281
Capital expenditure as a percentage of revenue	10%	3%
Terminal growth rate (as a percentage)	1.50%	1.50%
Discount rate applied to cash flow projections (as a percentage)	20.40%	13.10%
Russia Convergent
IMPAIRMENT REVIEW
Capital expenditure as a percentage of revenue	22%	18%
Terminal growth rate (as a percentage)	1%	1%
Discount rate applied to cash flow projections (as a percentage)	16.90%	10.10%
Armenia
IMPAIRMENT REVIEW
Capital expenditure as a percentage of revenue	22%	22%
Terminal growth rate (as a percentage)	0%	0%
Discount rate applied to cash flow projections (as a percentage)	12.30%	11.20%
MGTS Commercial
IMPAIRMENT REVIEW
Capital expenditure as a percentage of revenue	19%	16%
Terminal growth rate (as a percentage)	1%	1%
Discount rate applied to cash flow projections (as a percentage)	17.30%	12.70%
MGTS Service
IMPAIRMENT REVIEW
Capital expenditure as a percentage of revenue	15%	16%
Terminal growth rate (as a percentage)	1%	1%
Discount rate applied to cash flow projections (as a percentage)	16.50%	9.90%
MTS Turkmenistan
IMPAIRMENT REVIEW
Property, plant and equipment		₽ (10)	(66)
Reversal of impairment loss recognised in profit or loss		(10)	(66)
Turkmenistan
IMPAIRMENT REVIEW
Reversal of impairment loss recognised in profit or loss		₽ (10)	(66)
Entertainment
IMPAIRMENT REVIEW
Goodwill			1,281
Recoverable amount				₽ 2,658
Cloud
IMPAIRMENT REVIEW
Capital expenditure as a percentage of revenue	61%	17%
Terminal growth rate (as a percentage)	1%	1%
Discount rate applied to cash flow projections (as a percentage)	18.80%	13.60%
Kinopolis
IMPAIRMENT REVIEW
Investment property			807
Total impairment loss			₽ 807
Minimum \| MTS Entertainment
IMPAIRMENT REVIEW
OIBDA margin (as a percentage)	2.10%	4.80%
Minimum \| Russia Convergent
IMPAIRMENT REVIEW
OIBDA margin (as a percentage)	37.50%	41.30%
Minimum \| Armenia
IMPAIRMENT REVIEW
OIBDA margin (as a percentage)	50.60%	53.50%
Minimum \| MGTS Commercial
IMPAIRMENT REVIEW
OIBDA margin (as a percentage)	50.60%	59.90%
Minimum \| MGTS Service
IMPAIRMENT REVIEW
OIBDA margin (as a percentage)	31.40%	42.50%
Minimum \| Cloud
IMPAIRMENT REVIEW
OIBDA margin (as a percentage)	39.80%	37.70%
Maximum \| MTS Entertainment
IMPAIRMENT REVIEW
OIBDA margin (as a percentage)	11.90%	12%
Maximum \| Russia Convergent
IMPAIRMENT REVIEW
OIBDA margin (as a percentage)	37.90%	46.90%
Maximum \| Armenia
IMPAIRMENT REVIEW
OIBDA margin (as a percentage)	54.20%	60.30%
Maximum \| MGTS Commercial
IMPAIRMENT REVIEW
OIBDA margin (as a percentage)	54.20%	63%
Maximum \| MGTS Service
IMPAIRMENT REVIEW
OIBDA margin (as a percentage)	33.90%	51.80%
Maximum \| Cloud
IMPAIRMENT REVIEW
OIBDA margin (as a percentage)	59.10%	67.30%

OTHER INTANGIBLE ASSETS (Detail

OTHER INTANGIBLE ASSETS (Details) - RUB (₽) ₽ in Millions	12 Months Ended
OTHER INTANGIBLE ASSETS (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other intangible assets
Intangible assets other than goodwill at beginning of period	₽ 100,132
Intangible assets other than goodwill at end of period	109,549	₽ 100,132
Gross Book Value
Other intangible assets
Intangible assets other than goodwill at beginning of period	231,622	203,228	₽ 192,700
Additions	45,402	44,993	49,078
Arising on business combinations	6,039	2,468
Disposal of subsidiary	(89)		(311)
Reaclassification into assets for sale		(17)	(184)
Effect on assets impairment		20	(126)
Disposal	(16,405)	(20,337)	(39,203)
Other	8	(105)	(29)
Foreign exchange differences	1,003	1,372	1,303
Intangible assets other than goodwill at end of period	267,579	231,622	203,228
Accumulated amortisation and impairment
Other intangible assets
Intangible assets other than goodwill at beginning of period	(131,490)	(113,125)	(112,971)
Disposal of subsidiary	57		77
Charge for the year	(40,325)	(37,486)	(37,546)
Effect on assets impairment	(1,168)
Disposal	16,355	20,083	38,440
Other	(5)	220	42
Foreign exchange differences	(1,454)	(1,182)	(1,167)
Intangible assets other than goodwill at end of period	(158,030)	(131,490)	(113,125)
Licenses
Other intangible assets
Intangible assets other than goodwill at beginning of period	8,611
Intangible assets other than goodwill at end of period	₽ 8,249	8,611
Weighted-average period until next renewal of operating licenses	5 years
Licenses \| Minimum
Other intangible assets
Useful life, years	1 year
Licenses \| Maximum
Other intangible assets
Useful life, years	20 years
Licenses \| Gross Book Value
Other intangible assets
Intangible assets other than goodwill at beginning of period	₽ 26,303	24,001	21,705
Additions	1,231	1,350	1,466
Effect on assets impairment		(1)
Disposal	(63)	(39)	(108)
Other	34		25
Foreign exchange differences	1,778	992	913
Intangible assets other than goodwill at end of period	29,283	26,303	24,001
Licenses \| Accumulated amortisation and impairment
Other intangible assets
Intangible assets other than goodwill at beginning of period	(17,692)	(15,281)	(13,182)
Charge for the year	(1,607)	(1,443)	(1,266)
Disposal	38	3	71
Other	(31)		(10)
Foreign exchange differences	(1,742)	(971)	(894)
Intangible assets other than goodwill at end of period	(21,034)	(17,692)	(15,281)
Right to use radio frequencies
Other intangible assets
Intangible assets other than goodwill at beginning of period	911
Intangible assets other than goodwill at end of period	₽ 615	911
Right to use radio frequencies \| Minimum
Other intangible assets
Useful life, years	1 year
Right to use radio frequencies \| Maximum
Other intangible assets
Useful life, years	15 years
Right to use radio frequencies \| Gross Book Value
Other intangible assets
Intangible assets other than goodwill at beginning of period	₽ 5,368	5,579	5,689
Additions			(11)
Effect on assets impairment		21	43
Disposal	(174)	(233)	(172)
Other	(34)	1	30
Intangible assets other than goodwill at end of period	5,160	5,368	5,579
Right to use radio frequencies \| Accumulated amortisation and impairment
Other intangible assets
Intangible assets other than goodwill at beginning of period	(4,457)	(4,336)	(4,098)
Charge for the year	(312)	(349)	(367)
Disposal	193	228	160
Other	31		(31)
Intangible assets other than goodwill at end of period	(4,545)	(4,457)	(4,336)
Billing and other software
Other intangible assets
Intangible assets other than goodwill at beginning of period	72,893
Intangible assets other than goodwill at end of period	₽ 73,140	72,893
Billing and other software \| Minimum
Other intangible assets
Useful life, years	1 year
Billing and other software \| Maximum
Other intangible assets
Useful life, years	25 years
Billing and other software \| Gross Book Value
Other intangible assets
Intangible assets other than goodwill at beginning of period	₽ 167,327	146,851	139,968
Additions	31,934	34,421	35,277
Arising on business combinations	713	571
Disposal of subsidiary	(89)		(311)
Reaclassification into assets for sale		(17)	(184)
Effect on assets impairment			(167)
Disposal	(11,810)	(14,783)	(28,035)
Other	52	(97)	(83)
Foreign exchange differences	298	381	386
Intangible assets other than goodwill at end of period	188,425	167,327	146,851
Billing and other software \| Accumulated amortisation and impairment
Other intangible assets
Intangible assets other than goodwill at beginning of period	(94,434)	(79,406)	(82,096)
Disposal of subsidiary	57		77
Charge for the year	(31,702)	(29,737)	(25,146)
Effect on assets impairment	(1,150)
Disposal	11,792	14,716	27,953
Other	(39)	204	81
Foreign exchange differences	191	(211)	(275)
Intangible assets other than goodwill at end of period	(115,285)	(94,434)	(79,406)
Customer base
Other intangible assets
Intangible assets other than goodwill at beginning of period	2,965
Intangible assets other than goodwill at end of period	₽ 6,056	2,965
Customer base \| Minimum
Other intangible assets
Useful life, years	4 years
Customer base \| Maximum
Other intangible assets
Useful life, years	31 years
Customer base \| Gross Book Value
Other intangible assets
Intangible assets other than goodwill at beginning of period	₽ 6,324	5,857	5,930
Arising on business combinations	4,447	(1,147)
Disposal	(619)	(680)	(73)
Foreign exchange differences	(539)
Intangible assets other than goodwill at end of period	9,613	6,324	5,857
Customer base \| Accumulated amortisation and impairment
Other intangible assets
Intangible assets other than goodwill at beginning of period	(3,359)	(3,407)	(3,048)
Charge for the year	(820)	(631)	(431)
Disposal	619	679	72
Other	3
Intangible assets other than goodwill at end of period	(3,557)	(3,359)	(3,407)
Numbering capacity
Other intangible assets
Intangible assets other than goodwill at beginning of period	266
Intangible assets other than goodwill at end of period	₽ 345	266
Numbering capacity \| Minimum
Other intangible assets
Useful life, years	2 years
Numbering capacity \| Maximum
Other intangible assets
Useful life, years	15 years
Numbering capacity \| Gross Book Value
Other intangible assets
Intangible assets other than goodwill at beginning of period	₽ 2,666	2,668	2,677
Additions	134	75	15
Arising on business combinations		174
Disposal	(24)	(251)	(24)
Foreign exchange differences	(66)
Intangible assets other than goodwill at end of period	2,710	2,666	2,668
Numbering capacity \| Accumulated amortisation and impairment
Other intangible assets
Intangible assets other than goodwill at beginning of period	(2,400)	(2,614)	(2,611)
Charge for the year	(55)	(35)	(27)
Disposal	24	249	24
Foreign exchange differences	66
Intangible assets other than goodwill at end of period	(2,365)	(2,400)	(2,614)
Cost-to-obtain contracts
Other intangible assets
Intangible assets other than goodwill at beginning of period	7,897
Intangible assets other than goodwill at end of period	₽ 8,509	7,897
Cost-to-obtain contracts \| Minimum
Other intangible assets
Useful life, years	2 years
Cost-to-obtain contracts \| Maximum
Other intangible assets
Useful life, years	5 years
Cost-to-obtain contracts \| Gross Book Value
Other intangible assets
Intangible assets other than goodwill at beginning of period	₽ 14,633	14,267	13,635
Additions	3,945	3,653	10,390
Arising on business combinations	260
Disposal	(3,250)	(3,287)	(9,758)
Intangible assets other than goodwill at end of period	15,588	14,633	14,267
Cost-to-obtain contracts \| Accumulated amortisation and impairment
Other intangible assets
Intangible assets other than goodwill at beginning of period	(6,736)	(6,600)	(6,394)
Charge for the year	(3,596)	(3,424)	(9,964)
Disposal	3,250	3,288	9,758
Other	3
Intangible assets other than goodwill at end of period	(7,080)	(6,736)	(6,600)
Content
Other intangible assets
Intangible assets other than goodwill at end of period	₽ 5,806
Content \| Minimum
Other intangible assets
Useful life, years	1 year
Content \| Maximum
Other intangible assets
Useful life, years	5 years
Content \| Gross Book Value
Other intangible assets
Additions	₽ 7,952
Other	(9)
Intangible assets other than goodwill at end of period	7,943
Content \| Accumulated amortisation and impairment
Other intangible assets
Charge for the year	(2,144)
Other	7
Intangible assets other than goodwill at end of period	(2,137)
Other intangible assets
Other intangible assets
Intangible assets other than goodwill at beginning of period	6,589
Intangible assets other than goodwill at end of period	₽ 6,830	6,589
Other intangible assets \| Minimum
Other intangible assets
Useful life, years	1 year
Other intangible assets \| Maximum
Other intangible assets
Useful life, years	10 years
Other intangible assets \| Gross Book Value
Other intangible assets
Intangible assets other than goodwill at beginning of period	₽ 9,001	4,005	3,096
Additions	205	5,494	1,941
Arising on business combinations	619	576
Effect on assets impairment			(2)
Disposal	(465)	(1,064)	(1,033)
Other	(35)	(9)	(1)
Foreign exchange differences	(468)	(1)	4
Intangible assets other than goodwill at end of period	8,857	9,001	4,005
Other intangible assets \| Accumulated amortisation and impairment
Other intangible assets
Intangible assets other than goodwill at beginning of period	(2,412)	(1,481)	(1,542)
Charge for the year	(89)	(1,867)	(345)
Effect on assets impairment	(18)
Disposal	439	920	402
Other	22	16	2
Foreign exchange differences	31		2
Intangible assets other than goodwill at end of period	₽ (2,027)	₽ (2,412)	₽ (1,481)

BORROWINGS (Details)

BORROWINGS (Details) - RUB (₽) ₽ in Millions	Nov. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
BORROWINGS
Notes		₽ 195,929	₽ 191,996
Bank and other loans		290,211	270,143
Total borrowings		486,140	462,139
Less: current portion		(117,747)	(111,839)
Total borrowings, non-current		₽ 368,393	₽ 350,300
Threshold period of calendar days for coupon payment under the notes	60 days

BORROWINGS - Compliance with co

BORROWINGS - Compliance with covenants and credit facilities (Details) ₽ in Millions	12 Months Ended
	Dec. 31, 2022 RUB (₽)
Available credit facilities
Total available unused credit facilities	₽ 206,099
MTS International Notes due 2023
Compliance with covenants
Notes redemption price (as a percentage of principal)	101%

BORROWINGS - Maturities of prin

BORROWINGS - Maturities of principal on notes and bank loans (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
BORROWINGS
Total borrowings	₽ 486,140	₽ 462,139
Notes [Member]
BORROWINGS
Contractual undiscounted cash flows	233,314
Less: unamortized debt issuance costs	(321)
Less: interest	(37,064)
Total borrowings	195,929
Bank loans and other debt
BORROWINGS
Contractual undiscounted cash flows	333,044
Less: interest	(41,762)
Less: debt modification	(459)
Less: subsidized interest rate effect	(612)
Total borrowings	290,211
2023 \| Notes [Member]
BORROWINGS
Contractual undiscounted cash flows	63,963
2023 \| Bank loans and other debt
BORROWINGS
Contractual undiscounted cash flows	90,636
2024 \| Notes [Member]
BORROWINGS
Contractual undiscounted cash flows	67,213
2024 \| Bank loans and other debt
BORROWINGS
Contractual undiscounted cash flows	76,944
2025 \| Notes [Member]
BORROWINGS
Contractual undiscounted cash flows	41,246
2025 \| Bank loans and other debt
BORROWINGS
Contractual undiscounted cash flows	150,222
2026 \| Notes [Member]
BORROWINGS
Contractual undiscounted cash flows	38,415
2026 \| Bank loans and other debt
BORROWINGS
Contractual undiscounted cash flows	15,242
2027 \| Notes [Member]
BORROWINGS
Contractual undiscounted cash flows	₽ 22,477

RIGHT-OF-USE ASSETS AND LEASE_3

RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS (Details)	12 Months Ended
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS (Details)	Dec. 31, 2022
Sites for placement of network equipment and base stations inside the buildings
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
Amortized term of right-of-use assets	10 years
Sites for placement of network equipment and base stations on land
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
Amortized term of right-of-use assets	20 years
Minimum \| Administrative offices, warehouses, parking garages
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
Amortized term of right-of-use assets	3 years
Minimum \| Vehicles
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
Amortized term of right-of-use assets	4 years
Maximum \| Retail stores
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
Amortized term of right-of-use assets	8 years
Maximum \| Vehicles
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
Amortized term of right-of-use assets	5 years

RIGHT-OF-USE ASSETS AND LEASE_4

RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS - Net book value of rights-of-use assets (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of quantitative information about right-of-use assets
Right-of-use assets	₽ 120,192	₽ 132,343
Depreciation charge, right-of-use assets	19,340	19,825	₽ 18,804
Additions to the assets	13,425	17,510	13,102
Interest expense accrued on lease obligations	12,791	11,816	12,272
Discontinued operations
Disclosure of quantitative information about right-of-use assets
Depreciation charge, right-of-use assets	0	0	2,020
Sites for placement of network and base station equipment
Disclosure of quantitative information about right-of-use assets
Right-of-use assets	83,795	91,566
Depreciation charge, right-of-use assets	11,600	11,448	6,903
Land and buildings
Disclosure of quantitative information about right-of-use assets
Right-of-use assets	36,005	40,572
Depreciation charge, right-of-use assets	7,585	8,274	11,858
Vehicles and other
Disclosure of quantitative information about right-of-use assets
Right-of-use assets	392	205
Depreciation charge, right-of-use assets	₽ 155	₽ 103	₽ 43

RIGHT-OF-USE ASSETS AND LEASE_5

RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS - Short term leases and variable lease payments (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
Variable lease payments	₽ 11,349	₽ 10,623	₽ 9,542
Short-term leases	130	310	195
Total	₽ 11,479	₽ 10,933	₽ 9,737

RIGHT-OF-USE ASSETS AND LEASE_6

RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS - Future minimum lease payments under capital leases (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
Total lease payments	₽ 212,918	₽ 222,754
Less amount representing interest	(69,416)	(68,245)
Present value of net lease payments	143,502	154,509
Less current portion of lease obligations	(19,608)	(18,709)
Non-current portion of lease obligations	123,894	135,800
Cash outflow for leases	40,963	38,996	₽ 36,963
Cash outflows for leases included in interest paid	13,040	11,548	12,173
Gain on termination of lease agreements			464
Gain on termination of rent holidays			₽ 286
Current portion (less than 1 year)
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
Total lease payments	31,450	29,758
More than 1 to 5 years
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
Total lease payments	96,822	101,965
Over 5 years
RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS
Total lease payments	₽ 84,646	₽ 91,031

RECONCILIATION OF LIABILITIES_3

RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES
Liabilities arising from financial activities - beginning of year	₽ 613,426	₽ 576,662
Financing cash flows	(34,621)	(71,213)
Operating cash flows	(13,040)	(11,548)
Acquisitions/Disposals	5,019	1,881
Foreign exchange movement	620	107
Other comprehensive income		62
Change in fair value	204	(62)
Change in retained earnings	57,015	61,967
Other changes	20,391	55,570
Liabilities arising from financial activities - end of year	649,014	613,426
Notes [Member]
RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES
Liabilities arising from financial activities - beginning of year	191,996	208,155
Financing cash flows	6,941	(16,504)
Foreign exchange movement	(2,768)	187
Other changes	(240)	158
Liabilities arising from financial activities - end of year	195,929	191,996
Bank and other loans
RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES
Liabilities arising from financial activities - beginning of year	270,143	221,113
Financing cash flows	15,840	48,718
Acquisitions/Disposals	1,970	1,735
Foreign exchange movement	(82)
Other comprehensive income		(10)
Other changes	2,340	(1,413)
Liabilities arising from financial activities - end of year	290,211	270,143
Lease obligation
RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES
Liabilities arising from financial activities - beginning of year	154,509	150,814
Financing cash flows	(16,443)	(16,515)
Operating cash flows	(13,040)	(11,548)
Acquisitions/Disposals	252	146
Foreign exchange movement	(335)	45
Other comprehensive income		72
Other changes	18,559	31,495
Liabilities arising from financial activities - end of year	143,502	154,509
Payables related to repurchase of common stock
RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES
Financing cash flows		(21,483)
Other changes		21,483
Dividends payable
RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES
Liabilities arising from financial activities - beginning of year	68	109
Financing cash flows	(40,959)	(61,955)
Acquisitions/Disposals	220
Change in retained earnings	57,015	61,967
Other changes	247	(53)
Liabilities arising from financial activities - end of year	16,591	68
Payables related to transactions under common control
RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES
Financing cash flows		(3,474)
Other changes		3,474
Hedge asset (net)
RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES
Liabilities arising from financial activities - beginning of year	(3,290)	(3,591)
Foreign exchange movement	3,805	(125)
Other changes	(515)	426
Liabilities arising from financial activities - end of year		(3,290)
Liability under put option agreement
RECONCILIATION OF LIABILITIES ARISING FROM FINANCIAL ACTIVITIES
Liabilities arising from financial activities - beginning of year		62
Acquisitions/Disposals	2,577
Change in fair value	204	₽ (62)
Liabilities arising from financial activities - end of year	₽ 2,781

PROVISIONS (Details)

PROVISIONS (Details) - RUB (₽) ₽ in Millions	12 Months Ended
PROVISIONS (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes in provisions
Provision beginning of the period	₽ (24,767)	₽ (18,588)	₽ (16,287)
Arising during the year	(31,485)	(22,125)	(19,755)
Utilised	20,698	15,186	16,709
Discount rate adjustment and imputed interest (change in estimates)	(173)	(141)	(70)
Unused amounts reversed	4,940	1,292	510
Arising due to acquisitions of subsidiaries	(284)	(369)
Disposal of Nvision Group			369
Other	26	(22)	(64)
Provision end of the period	(31,045)	(24,767)	(18,588)
Current portion	(23,757)	(17,479)	(13,460)
Non-current portion	(7,288)	(7,288)	(5,128)
Tax provisions other than for income tax
Changes in provisions
Provision beginning of the period	(254)	(621)	(563)
Arising during the year	(88)	(74)	(211)
Utilised	24	161	29
Discount rate adjustment and imputed interest (change in estimates)			1
Unused amounts reversed	132	488	8
Arising due to acquisitions of subsidiaries	(117)	(207)
Disposal of Nvision Group			115
Other		(1)
Provision end of the period	(303)	(254)	(621)
Current portion	(303)	(254)	(621)
Provision for decommissioning and restoration
Changes in provisions
Provision beginning of the period	(7,490)	(5,273)	(4,788)
Arising during the year	(2,118)	(2,329)	(914)
Utilised	68	31	54
Discount rate adjustment and imputed interest (change in estimates)	(173)	(145)	(138)
Unused amounts reversed	4,597	226	513
Other	20
Provision end of the period	(5,096)	(7,490)	(5,273)
Current portion	(133)	(284)	(229)
Non-current portion	(4,963)	(7,206)	(5,044)
Employee bonuses and other rewards
Changes in provisions
Provision beginning of the period	(12,394)	(8,199)	(10,043)
Arising during the year	(23,513)	(17,860)	(14,770)
Utilised	17,537	13,258	16,489
Discount rate adjustment and imputed interest (change in estimates)		4	67
Unused amounts reversed	205	580	(125)
Arising due to acquisitions of subsidiaries	(160)	(159)
Disposal of Nvision Group			245
Other		(18)	(62)
Provision end of the period	(18,325)	(12,394)	(8,199)
Current portion	(16,000)	(12,312)	(8,115)
Non-current portion	(2,325)	(82)	(84)
Litigations and Other provisions
Changes in provisions
Provision beginning of the period	(4,629)	(4,495)	(893)
Arising during the year	(5,766)	(1,862)	(3,860)
Utilised	3,069	1,736	137
Unused amounts reversed	6	(2)	114
Arising due to acquisitions of subsidiaries	(7)	(3)
Disposal of Nvision Group			9
Other	6	(3)	(2)
Provision end of the period	(7,321)	(4,629)	(4,495)
Current portion	₽ (7,321)	₽ (4,629)	₽ (4,495)

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	₽ 416,548	₽ 362,144
Less current portion	(262,767)	(224,862)
Total financial assets, non-current	153,781	137,282
Total financial liabilities	977,850	914,584
Less current portion	(469,701)	(413,990)
Total financial liabilities, non-current	508,149	500,594
Financial liabilities at amortised cost
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial liabilities	902,783	838,016
Fair value through profit or loss
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial liabilities	6,450	383
Trade and other payables
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial liabilities	67,166	72,078
Accounts payable, related parties
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial liabilities	1,451	4,107
Bank and other loans \| Financial liabilities at amortised cost
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial liabilities	290,211	270,143
Bank deposits and liabilities \| Financial liabilities at amortised cost
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial liabilities	273,141	221,368
Notes \| Financial liabilities at amortised cost
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial liabilities	195,929	191,996
Lease obligations \| Financial liabilities at amortised cost
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial liabilities	143,502	154,509
Call and put options \| Fair value through profit or loss
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial liabilities	2,780
Securities (notes, shares and other) \| Fair value through profit or loss
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial liabilities	2,450
Other financial liabilities at fair value:
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial liabilities	909,233	838,399
Contingent consideration and other liabilities \| Fair value through profit or loss
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial liabilities	1,220	383
At FVTPL
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	27,451	55,158
At FVTPL \| Call and put options
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	112	112
At fair value through other comprehensive income
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	22,394
At amortized cost
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	245,943	219,314
Cash and Cash equivalents
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	78,292	40,590
Trade and other receivables
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	38,058	39,795
Accounts receivable, related parties
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	4,410	7,287
Other financial assets
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	295,788	274,472
Deposits and loans issued \| At amortized cost
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	238,816	208,018
Notes \| At amortized cost
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	3,096	9,158
Other \| At amortized cost
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	4,031	2,138
Securities (notes, shares and other) \| At FVTPL
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	23,815	46,780
Investment in equity \| At FVTPL
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	2,208	1,228
Derivative instruments \| At FVTPL
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	761	4,627
Contingent consideration \| At FVTPL
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	473	1,867
Embedded derivatives in a lease agreement \| At FVTPL
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	82	434
Currency forwards, swaps and options not designated as hedges \| At FVTPL
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets		₽ 110
Notes \| At fair value through other comprehensive income
FAIR VALUE OF FINANCIAL INSTRUMENTS
Total financial assets	₽ 22,394

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Unobservable input (Details) - Level 3 ₽ in Millions	Dec. 31, 2022 RUB (₽)
Gulfstream \| Discounted cash flow technique
Unobservable inputs
Liability under put option agreement for redeemable non-controlling interests	₽ 2,081
Webinar \| Discounted cash flow technique
Unobservable inputs
Liability under put option agreement for redeemable non-controlling interests	₽ 700
Discount rate \| Gulfstream
Unobservable inputs
Unobservable inputs	0.15
Discount rate \| Webinar
Unobservable inputs
Unobservable inputs	0.144
Revenue growth rate \| Minimum \| Gulfstream
Unobservable inputs
Unobservable inputs	0.207
Revenue growth rate \| Minimum \| Webinar
Unobservable inputs
Unobservable inputs	0.293
Revenue growth rate \| Maximum \| Gulfstream
Unobservable inputs
Unobservable inputs	0.224
Revenue growth rate \| Maximum \| Webinar
Unobservable inputs
Unobservable inputs	0.249
Revenue growth rate \| Weighted average \| Gulfstream
Unobservable inputs
Unobservable inputs	0.215
Revenue growth rate \| Weighted average \| Webinar
Unobservable inputs
Unobservable inputs	0.271
OIBDA margin \| Minimum \| Gulfstream
Unobservable inputs
Unobservable inputs	0.070
OIBDA margin \| Maximum \| Gulfstream
Unobservable inputs
Unobservable inputs	0.105
OIBDA margin \| Weighted average \| Gulfstream
Unobservable inputs
Unobservable inputs	0.087

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair value of financial instruments (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair value of financial instruments
Net realized gains of Level 3 assets	₽ 992	₽ 1,843	₽ 3,063
Net unrealized (losses)/gains of Level 3 assets and liabilities	(5,103)	776	1,091
Level 1 \| Notes
Fair value of financial instruments
Assets	21,715	25,687
Level 2 \| Securities
Fair value of financial instruments
Liabilities	(2,450)
Level 2 \| Securities
Fair value of financial instruments
Assets	24,494	21,093
Level 2 \| Derivative instruments
Fair value of financial instruments
Assets	761	4,737
Level 2 \| Cross-currency swaps
Fair value of financial instruments
Assets	719	4,627
Level 2 \| interest rate swaps
Fair value of financial instruments
Assets	42
Level 2 \| Currency forwards, swaps and options
Fair value of financial instruments
Assets		110
Level 2 \| Embedded derivatives in a lease agreement
Fair value of financial instruments
Assets	82	434
Level 3
Fair value of financial instruments
Net realized gains of Level 3 assets	1,032	2,263	3,083
Net realized losses of Level 3 liabilities	(40)	(420)	(20)
Net unrealized (losses)/gains of Level 3 assets	(1,446)	385	1,130
Net unrealized (losses)/gains of Level 3 liabilities	(3,657)	391	₽ (39)
Level 3 \| Call and put options
Fair value of financial instruments
Liabilities	(2,780)
Level 3 \| Contingent consideration
Fair value of financial instruments
Liabilities	(1,220)	(383)
Level 3 \| Investment in equity
Fair value of financial instruments
Assets	2,208	1,228
Level 3 \| Contingent consideration
Fair value of financial instruments
Assets	473	1,867
Level 3 \| Call and put options
Fair value of financial instruments
Assets	₽ 112	₽ 112

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial instruments at amortised cost (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair value measurements of assets
Carrying value	₽ (977,850)	₽ (914,584)
Transfer of assets at fair value from level 1 to level 2		0	₽ 0
Transfer of assets at fair value from level 2 to level 1		0	0
Assets transfers into Level 3 fair value measurements		0	0
Assets transfers out of Level 3 fair value measurements		0	0
Transfer of liabilities at fair value from level 1 to level 2		0	0
Transfer of liabilities at fair value from level 2 to level 1		0	0
Liabilities transfers into Level 3 fair value measurements		0	0
Liabilities transfers out of Level 3 fair value measurements		0	0
Transfers in and out of categories of financial instruments		0	₽ 0
Debt securities issued
Fair value measurements of assets
Financial assets at fair value through profit or loss		24,770
Fair value of reclassified securities	22,394
Interest income on reclassified securities	1,663
Eurobonds of Russian issuers
Fair value measurements of assets
Transfer of liabilities at fair value from level 1 to level 2	2,233
Fair value
Fair value measurements of assets
Fair value	(484,081)	(458,320)
Fair value \| Bank deposits and loans to customers
Fair value measurements of assets
Bank deposits and loans to customers, fair value	236,485	210,623
Carrying value
Fair value measurements of assets
Fair value		(462,139)
Carrying value	(486,141)
Carrying value \| Bank deposits and loans to customers
Fair value measurements of assets
Bank deposits and loans to customers, carrying value	234,334	205,936
Level 1 \| Fair value \| Notes
Fair value measurements of assets
Fair value	(145,143)	(173,903)
Level 1 \| Carrying value \| Notes
Fair value measurements of assets
Fair value		(174,984)
Carrying value	(145,565)
Level 2 \| Fair value \| Notes
Fair value measurements of assets
Fair value	(22,203)
Level 2 \| Carrying value \| Notes
Fair value measurements of assets
Carrying value	(23,365)
Level 3 \| Fair value \| Unquoted Notes
Fair value measurements of assets
Fair value	(27,000)	(17,012)
Level 3 \| Fair value \| Bank and other loans
Fair value measurements of assets
Fair value	(289,735)	(267,405)
Level 3 \| Fair value \| Bank deposits and loans to customers
Fair value measurements of assets
Bank deposits and loans to customers, fair value	236,485	210,623
Level 3 \| Carrying value \| Unquoted Notes
Fair value measurements of assets
Fair value		(17,012)
Carrying value	(27,000)
Level 3 \| Carrying value \| Bank and other loans
Fair value measurements of assets
Fair value		(270,143)
Carrying value	(290,211)
Level 3 \| Carrying value \| Bank deposits and loans to customers
Fair value measurements of assets
Bank deposits and loans to customers, carrying value	₽ 234,334	₽ 205,936

FINANCIAL RISK MANAGEMENT - Int

FINANCIAL RISK MANAGEMENT - Interest rate risks (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
FINANCIAL RISK MANAGEMENT
MTS Bank's capital adequacy ratio as per CBR requirements on own capital	8%
MTS Bank's capital adequacy ratio as per CBR requirements on base capital	4.50%
MTS Bank's capital adequacy ratio as per CBR requirements on main capital	6%
Capital adequacy ratio of MTS bank as per the CBR requirements for own capital	16.07%	12.54%
Capital adequacy ratio of MTS bank as per the requirements of CBR for base capital	12.55%	9.65%
Capital adequacy ratio of MTS bank as per the CBR requirements for main capital	13.78%	10.83%
interest rate swaps
FINANCIAL RISK MANAGEMENT
Notional amount	₽ 25,000	₽ 22,288
interest rate swaps \| Fixed Interest Rate [Member]
FINANCIAL RISK MANAGEMENT
Percentage of the Group's hedged bank loans covered by swap agreements	10.60%	8.30%

FINANCIAL RISK MANAGEMENT - Sen

FINANCIAL RISK MANAGEMENT - Sensitivity analysis (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Increase in short term interest rate
FINANCIAL RISK MANAGEMENT
Reasonably possible increase in short term interest rates	1%	1%	1%
Increases of interest expense due to increase in risk	₽ 2,157	₽ 1,523	₽ 1,166
Decrease in short term interest rate
FINANCIAL RISK MANAGEMENT
Decreases of finance cost due to decrease in risk	₽ 2,157	₽ 1,523	₽ 1,166

FINANCIAL RISK MANAGEMENT - For

FINANCIAL RISK MANAGEMENT - Foreign currency risks (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
FINANCIAL RISK MANAGEMENT
Assets	₽ 416,548	₽ 362,144
Liabilities	977,850	914,584
USD
FINANCIAL RISK MANAGEMENT
Assets	24,720	44,251
Liabilities	48,917	49,960
EUR
FINANCIAL RISK MANAGEMENT
Assets	7,880	3,359
Liabilities	₽ 14,315	₽ 10,106
Cross currency swap agreements \| Foreign currency
FINANCIAL RISK MANAGEMENT
Percentage of USD- and Euro- denominated Notes and bank loans outstanding hedged for exposure to currency rate risk	0%	66.80%
Notionals related to interest rate derivative instruments	₽ 0	₽ 22,288
Forward contracts \| Foreign currency
FINANCIAL RISK MANAGEMENT
Notionals related to interest rate derivative instruments	3,145	9,993
Gain (loss) recognized in consolidated statement of profit and loss	₽ 617	₽ 83	₽ 1,136

FINANCIAL RISK MANAGEMENT - F_2

FINANCIAL RISK MANAGEMENT - Foreign currency risks and liquidity risk (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Liquidity risk
Amount by which current liabilities exceed current assets	₽ 250,461
Availability of committed credit facilities	₽ 206,099
Minimum
Liquidity risk
Maturity of long term debt	1 year
Maximum
Liquidity risk
Maturity of long term debt	5 years
Foreign currency \| USD
Foreign currency risk exposure and sensitivity analysis
Increase in the currency exchange rate	15%	15%	10%
Decrease in the currency exchange rate	(15.00%)	(15.00%)	(10.00%)
Effect on profit before tax	₽ (3,630)	₽ (856)	₽ 786
Effect on profit before tax	₽ 3,630	₽ 856	₽ (1,291)
Foreign currency \| Euro
Foreign currency risk exposure and sensitivity analysis
Increase in the currency exchange rate	15%	15%	10%
Decrease in the currency exchange rate	(15.00%)	(15.00%)	(10.00%)
Effect on profit before tax	₽ (965)	₽ (1,012)	₽ (682)
Effect on profit before tax	₽ 965	₽ 1,012	₽ 682

FINANCIAL RISK MANAGEMENT - Cre

FINANCIAL RISK MANAGEMENT - Credit risk and impairment credit losses on financial assets (Details) - Credit risk - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Credit risk exposure
Number of days for significant increase in credit risk	30 days
Exposure to credit risk	₽ 412,138	₽ 354,857
Deposits and loans issued
Credit risk exposure
Exposure to credit risk	238,816	208,018
Cash and Cash equivalents
Credit risk exposure
Exposure to credit risk	78,292	40,590
Trade and other receivables
Credit risk exposure
Exposure to credit risk	38,058	39,795
Securities (notes, shares and other)
Credit risk exposure
Exposure to credit risk	49,305	54,988
Derivative instruments
Credit risk exposure
Exposure to credit risk	2,208	5,171
Contingent consideration
Credit risk exposure
Exposure to credit risk	843	1,867
Investments in equity
Credit risk exposure
Exposure to credit risk	473	1,228
Call and put options
Credit risk exposure
Exposure to credit risk	112	112
Other
Credit risk exposure
Exposure to credit risk	₽ 4,031	₽ 3,088

BANK FINANCIAL ASSETS AND LIA_3

BANK FINANCIAL ASSETS AND LIABILITIES - Bank deposits and loans to customers (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	₽ 234,334	₽ 205,936
Less: current portion	(96,135)	(87,594)
Bank deposits and loans to customers, non-current	138,199	118,342
Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	271,132	227,081
Allowance for ECL
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	(36,798)	(21,144)
Corporate borrowers \| Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	16,132	28,409
Medium-sized enterprises and small businesses \| Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	1,454	1,706
Loans to legal entities \| Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	17,586	30,115
Mortgage loans \| Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	22,730	16,553
Consumer loans \| Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	168,024	139,766
Credit cards \| Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	59,315	36,933
Other \| Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	45	200
Total loans to individuals \| Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	250,114	193,452
Due from banks \| Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	3,432	3,514
Time deposits with banks \| Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	1,175	1,781
Obligatory reserves with the Central Banks \| Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	2,257	1,733
Due from banks \| Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	3,432	3,514
Allowance for ECL \| Gross Book Value
Bank deposits and loans to customers
Total bank deposits and loans to customers, net	₽ 267,700	₽ 223,566

BANK FINANCIAL ASSETS AND LIA_4

BANK FINANCIAL ASSETS AND LIABILITIES - Carrying value of loans to customers aggregated by types of collateral (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
BANK FINANCIAL ASSETS AND LIABILITIES
Allowance for ECL	₽ (3,245)	₽ (3,536)
Bank deposits and loans
BANK FINANCIAL ASSETS AND LIABILITIES
Allowance for ECL	(36,798)	(21,144)	₽ (16,446)
Loans to customers
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	231,046	202,453
Allowance for ECL	(36,654)	(21,114)	₽ (16,436)
Loans to customers \| Allowance for expected credit losses
BANK FINANCIAL ASSETS AND LIABILITIES
Allowance for ECL	(36,654)	(21,114)
Pledge of real estate \| Loans to customers \| Gross Book Value
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	26,012	19,115
Guaranties \| Loans to customers \| Gross Book Value
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	9,085	22,380
Securities \| Loans to customers \| Gross Book Value
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	131	284
Pledge of equipment \| Loans to customers \| Gross Book Value
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers		1
Unsecured loans \| Loans to customers \| Gross Book Value
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	₽ 232,472	₽ 181,787

BANK FINANCIAL ASSETS AND LIA_5

BANK FINANCIAL ASSETS AND LIABILITIES - Movements in the allowance for impairment losses attributable to bank deposits and loans (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Movements in the allowance for impairment losses attributable to bank deposits and loans to customers
Beginning balance	₽ 3,536
Ending Balance	3,245	₽ 3,536
Bank deposits and loans
Movements in the allowance for impairment losses attributable to bank deposits and loans to customers
Beginning balance	21,144	16,446
Provision charge	22,645	11,066
Recovery of previously written-off assets	522	1,557
Bad debt written-off	(3,776)	(3,361)
Sale of loans	(3,226)	(4,324)
Other movements	(511)	(240)
Ending Balance	36,798	21,144
Loans to customers
Movements in the allowance for impairment losses attributable to bank deposits and loans to customers
Beginning balance	21,114	16,436
Provision charge	22,490	11,046
Recovery of previously written-off assets	522	1,557
Bad debt written-off	(3,735)	(3,361)
Sale of loans	(3,226)	(4,324)
Other movements	(511)	(240)
Ending Balance	36,654	21,114
Due from banks
Movements in the allowance for impairment losses attributable to bank deposits and loans to customers
Beginning balance	30	10
Provision charge		20
Provision release	155
Bad debt written-off	(41)
Ending Balance	₽ 144	₽ 30

BANK FINANCIAL ASSETS AND LIA_6

BANK FINANCIAL ASSETS AND LIABILITIES - Movements in provision for impairment losses on loans (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
BANK FINANCIAL ASSETS AND LIABILITIES
Beginning balance	₽ 3,536
Ending Balance	3,245	₽ 3,536
Expected credit losses	3,245	3,536
Investment property
BANK FINANCIAL ASSETS AND LIABILITIES
Claim amount			₽ 5,106
Expected credit losses			₽ 635
Other assets
BANK FINANCIAL ASSETS AND LIABILITIES
Ending Balance	619
Claim amount	2,361
Expected credit losses	619
Accumulated Depreciation \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Beginning balance	3,138	3,744
New financial assets originated or purchased	194	317
Change due to change of credit risk	(195)	(1,579)
Write-offs	(15)	(79)
Sale of loans	(6)
Recovery of previously written-off assets	235	(975)
Other movements	(511)	(240)
Ending Balance	2,840	3,138
Expected credit losses	2,840	3,138
Accumulated Depreciation \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Beginning balance	17,976	12,692
New financial assets originated or purchased	4,644	3,821
Change due to change of credit risk	17,847	8,487
Write-offs	(3,720)	(3,282)
Sale of loans	(3,220)	(4,324)
Recovery of previously written-off assets	287	582
Ending Balance	33,814	17,976
Expected credit losses	33,814	17,976
Stage 1 \| Accumulated Depreciation \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Beginning balance	818	899
- Transfer to stage 1	29	119
- Transfer to stage 2	(135)	(46)
- Transfer to stage 3		(105)
New financial assets originated or purchased	194	317
Change due to change of credit risk	(57)	(126)
Other movements	(635)	(240)
Ending Balance	214	818
Expected credit losses	214	818
Stage 1 \| Accumulated Depreciation \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Beginning balance	6,093	3,099
- Transfer to stage 1	1,844	1,809
- Transfer to stage 2	(2,600)	(939)
- Transfer to stage 3	(115)	(278)
New financial assets originated or purchased	4,644	3,821
Change due to change of credit risk	(3,813)	(1,419)
Ending Balance	6,053	6,093
Expected credit losses	6,053	6,093
Stage 2 \| Accumulated Depreciation \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Beginning balance	25	141
- Transfer to stage 1	(28)	(119)
- Transfer to stage 2	136	49
- Transfer to stage 3	(89)	(26)
Change due to change of credit risk	46	(20)
Ending Balance	90	25
Expected credit losses	90	25
Stage 2 \| Accumulated Depreciation \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Beginning balance	3,361	1,446
- Transfer to stage 1	(1,690)	(1,633)
- Transfer to stage 2	3,086	1,220
- Transfer to stage 3	(10,263)	(4,691)
Change due to change of credit risk	12,497	7,019
Ending Balance	6,991	3,361
Expected credit losses	6,991	3,361
Stage 3 \| Accumulated Depreciation \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Beginning balance	2,295	2,704
- Transfer to stage 1	(1)
- Transfer to stage 2	(1)	(3)
- Transfer to stage 3	89	131
Change due to change of credit risk	(184)	(1,433)
Write-offs	(15)	(79)
Sale of loans	(6)
Recovery of previously written-off assets	235	(975)
Other movements	124
Ending Balance	2,536	2,295
Expected credit losses	2,536	2,295
Stage 3 \| Accumulated Depreciation \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Beginning balance	8,522	8,147
- Transfer to stage 1	(154)	(176)
- Transfer to stage 2	(486)	(281)
- Transfer to stage 3	10,378	4,969
Change due to change of credit risk	9,163	2,887
Write-offs	(3,720)	(3,282)
Sale of loans	(3,220)	(4,324)
Recovery of previously written-off assets	287	582
Ending Balance	20,770	8,522
Expected credit losses	₽ 20,770	₽ 8,522

BANK FINANCIAL ASSETS AND LIA_7

BANK FINANCIAL ASSETS AND LIABILITIES - Information on quality of loans to individuals and legal entities (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	₽ 216,300	₽ 175,476
Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	14,746	26,977
Accumulated Depreciation \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	(33,814)	(17,976)
Accumulated Depreciation \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	(2,840)	(3,138)
Low to fair risk \| Gross Book Value \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	213,466	175,423
Low to fair risk \| Gross Book Value \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	14,164	21,296
Monitoring \| Gross Book Value \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	13,139	7,957
Monitoring \| Gross Book Value \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	370	5,772
Doubtful \| Gross Book Value \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	2	767
Impaired \| Gross Book Value \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	23,509	10,072
Impaired \| Gross Book Value \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	3,050	2,280
Stage 1 \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	191,145	168,574
Stage 1 \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	9,893	25,457
Stage 1 \| Accumulated Depreciation \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	(6,053)	(6,093)
Stage 1 \| Accumulated Depreciation \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	(214)	(818)
Stage 1 \| Low to fair risk \| Gross Book Value \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	197,198	174,667
Stage 1 \| Low to fair risk \| Gross Book Value \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	9,928	20,575
Stage 1 \| Monitoring \| Gross Book Value \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	179	5,700
Stage 2 \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	17,382	4,520
Stage 2 \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	4,337	768
Stage 2 \| Accumulated Depreciation \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	(6,991)	(3,361)
Stage 2 \| Accumulated Depreciation \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	(90)	(25)
Stage 2 \| Low to fair risk \| Gross Book Value \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	16,268	756
Stage 2 \| Low to fair risk \| Gross Book Value \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	4,236	721
Stage 2 \| Monitoring \| Gross Book Value \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	8,105	7,125
Stage 2 \| Monitoring \| Gross Book Value \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	191	72
Stage 3 \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	7,773	2,382
Stage 3 \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	516	752
Stage 3 \| Accumulated Depreciation \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	(20,770)	(8,522)
Stage 3 \| Accumulated Depreciation \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	(2,536)	(2,295)
Stage 3 \| Monitoring \| Gross Book Value \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	5,034	832
Stage 3 \| Doubtful \| Gross Book Value \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	2	767
Stage 3 \| Impaired \| Gross Book Value \| Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	23,509	10,072
Stage 3 \| Impaired \| Gross Book Value \| Loans to legal entities
BANK FINANCIAL ASSETS AND LIABILITIES
Loans to customers	₽ 3,050	₽ 2,280

BANK FINANCIAL ASSETS AND LIA_8

BANK FINANCIAL ASSETS AND LIABILITIES - Information of credit quality of loans (Details) ₽ in Millions	Dec. 31, 2022 RUB (₽)	Dec. 31, 2021 RUB (₽)	Dec. 31, 2021 SCR (SRe)
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 416,548	₽ 362,144
Loans to individuals
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 216,300	175,476	SRe 9
Provision for ECL to gross loans	14%
Loans to individuals \| Gross Book Value
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 250,114	193,452
Loans to individuals \| Accumulated Depreciation
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(33,814)	(17,976)
Loans to individuals \| Collectively assessed
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 215,880	₽ 175,013
Provision for ECL to gross loans	14%	9%	9%
Loans to individuals \| Collectively assessed \| Not past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 203,543	₽ 169,125
Provision for ECL to gross loans	5%	4%	4%
Loans to individuals \| Collectively assessed \| 1 - 30 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 4,485	₽ 2,899
Provision for ECL to gross loans	28%	27%	27%
Loans to individuals \| Collectively assessed \| 31 to 60 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 1,684	₽ 767
Provision for ECL to gross loans	53%	62%	62%
Loans to individuals \| Collectively assessed \| 60 to 90 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 1,107	₽ 491
Provision for ECL to gross loans	64%	69%	69%
Loans to individuals \| Collectively assessed \| 91 to 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 1,799	₽ 749
Provision for ECL to gross loans	73%	77%	77%
Loans to individuals \| Collectively assessed \| over 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 3,262	₽ 982
Provision for ECL to gross loans	81%	85%	85%
Loans to individuals \| Collectively assessed \| Gross Book Value
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 249,646	₽ 192,891
Loans to individuals \| Collectively assessed \| Gross Book Value \| Not past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	213,465	175,422
Loans to individuals \| Collectively assessed \| Gross Book Value \| 1 - 30 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	6,203	3,989
Loans to individuals \| Collectively assessed \| Gross Book Value \| 31 to 60 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	3,588	2,007
Loans to individuals \| Collectively assessed \| Gross Book Value \| 60 to 90 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	3,037	1,584
Loans to individuals \| Collectively assessed \| Gross Book Value \| 91 to 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	6,578	3,248
Loans to individuals \| Collectively assessed \| Gross Book Value \| over 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	16,775	6,641
Loans to individuals \| Collectively assessed \| Accumulated Depreciation
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(33,766)	(17,878)
Loans to individuals \| Collectively assessed \| Accumulated Depreciation \| Not past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(9,922)	(6,297)
Loans to individuals \| Collectively assessed \| Accumulated Depreciation \| 1 - 30 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(1,718)	(1,090)
Loans to individuals \| Collectively assessed \| Accumulated Depreciation \| 31 to 60 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(1,904)	(1,240)
Loans to individuals \| Collectively assessed \| Accumulated Depreciation \| 60 to 90 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(1,930)	(1,093)
Loans to individuals \| Collectively assessed \| Accumulated Depreciation \| 91 to 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(4,779)	(2,499)
Loans to individuals \| Collectively assessed \| Accumulated Depreciation \| over 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(13,513)	(5,659)
Loans to individuals \| Individually assessed
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 420	₽ 463
Provision for ECL to gross loans	10%	17%	17%
Loans to individuals \| Individually assessed \| Not past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 290	₽ 342
Provision for ECL to gross loans	6%	6%	6%
Loans to individuals \| Individually assessed \| 1 - 30 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Provision for ECL to gross loans	0%	0%	0%
Loans to individuals \| Individually assessed \| 31 to 60 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 3	₽ 8
Provision for ECL to gross loans	0%	0%	0%
Loans to individuals \| Individually assessed \| 60 to 90 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans		₽ 2
Provision for ECL to gross loans	0%	33%	33%
Loans to individuals \| Individually assessed \| 91 to 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 18	₽ 4
Provision for ECL to gross loans	0%	20%	20%
Loans to individuals \| Individually assessed \| over 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 109	₽ 107
Provision for ECL to gross loans	22%	41%	41%
Loans to individuals \| Individually assessed \| Gross Book Value
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 468	₽ 561
Loans to individuals \| Individually assessed \| Gross Book Value \| Not past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	308	364
Loans to individuals \| Individually assessed \| Gross Book Value \| 31 to 60 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	3	8
Loans to individuals \| Individually assessed \| Gross Book Value \| 60 to 90 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans		3
Loans to individuals \| Individually assessed \| Gross Book Value \| 91 to 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	18	5
Loans to individuals \| Individually assessed \| Gross Book Value \| over 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	139	181
Loans to individuals \| Individually assessed \| Accumulated Depreciation
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(48)	(98)
Loans to individuals \| Individually assessed \| Accumulated Depreciation \| Not past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(18)	(22)
Loans to individuals \| Individually assessed \| Accumulated Depreciation \| 60 to 90 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans		(1)
Loans to individuals \| Individually assessed \| Accumulated Depreciation \| 91 to 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans		(1)
Loans to individuals \| Individually assessed \| Accumulated Depreciation \| over 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(30)	(74)
Medium-sized enterprises and small businesses \| Collectively assessed
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 947	1,267	SRe 26
Provision for ECL to gross loans	35%
Medium-sized enterprises and small businesses \| Collectively assessed \| Not past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 750	1,057	2
Provision for ECL to gross loans	1%
Medium-sized enterprises and small businesses \| Collectively assessed \| 1 - 30 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 16	11	42
Provision for ECL to gross loans	18%
Medium-sized enterprises and small businesses \| Collectively assessed \| 31 to 60 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 1	1	93
Provision for ECL to gross loans	91%
Medium-sized enterprises and small businesses \| Collectively assessed \| 60 to 90 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 1	1	91
Provision for ECL to gross loans	82%
Medium-sized enterprises and small businesses \| Collectively assessed \| 91 to 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 4	3	79
Provision for ECL to gross loans	87%
Medium-sized enterprises and small businesses \| Collectively assessed \| over 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 175	194	SRe 66
Provision for ECL to gross loans	72%
Medium-sized enterprises and small businesses \| Collectively assessed \| Gross Book Value
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ 1,454	1,706
Medium-sized enterprises and small businesses \| Collectively assessed \| Gross Book Value \| Not past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	760	1,079
Medium-sized enterprises and small businesses \| Collectively assessed \| Gross Book Value \| 1 - 30 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	20	19
Medium-sized enterprises and small businesses \| Collectively assessed \| Gross Book Value \| 31 to 60 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	17	15
Medium-sized enterprises and small businesses \| Collectively assessed \| Gross Book Value \| 60 to 90 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	7	11
Medium-sized enterprises and small businesses \| Collectively assessed \| Gross Book Value \| 91 to 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	29	14
Medium-sized enterprises and small businesses \| Collectively assessed \| Gross Book Value \| over 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	621	568
Medium-sized enterprises and small businesses \| Collectively assessed \| Accumulated Depreciation
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(507)	(439)
Medium-sized enterprises and small businesses \| Collectively assessed \| Accumulated Depreciation \| Not past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(10)	(22)
Medium-sized enterprises and small businesses \| Collectively assessed \| Accumulated Depreciation \| 1 - 30 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(4)	(8)
Medium-sized enterprises and small businesses \| Collectively assessed \| Accumulated Depreciation \| 31 to 60 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(16)	(14)
Medium-sized enterprises and small businesses \| Collectively assessed \| Accumulated Depreciation \| 60 to 90 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(6)	(10)
Medium-sized enterprises and small businesses \| Collectively assessed \| Accumulated Depreciation \| 91 to 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	(25)	(11)
Medium-sized enterprises and small businesses \| Collectively assessed \| Accumulated Depreciation \| over 180 days
BANK FINANCIAL ASSETS AND LIABILITIES
Net loans	₽ (446)	₽ (374)

BANK FINANCIAL ASSETS AND LIA_9

BANK FINANCIAL ASSETS AND LIABILITIES - Structure and amounts of current and non current bank deposits and liabilities (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
BANK FINANCIAL ASSETS AND LIABILITIES
Customer accounts	₽ 249,696	₽ 192,177
Due to banks and other financial institutions	10,984	21,430
Debt securities issued	10,481	5,581
Other financial liabilities	1,980	2,180
Total bank deposits and liabilities	273,141	221,368
Less: current portion	(260,744)	(207,055)
Total bank deposits and liabilities, non-current	₽ 12,397	₽ 14,313

BANK FINANCIAL ASSETS AND LI_10

BANK FINANCIAL ASSETS AND LIABILITIES - Structure and amounts of customer accounts and (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
BANK FINANCIAL ASSETS AND LIABILITIES
Customer accounts	₽ 249,696	₽ 192,177
Legal entities - Current/settlement accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Customer accounts	40,276	13,311
Legal entities - Term deposits
BANK FINANCIAL ASSETS AND LIABILITIES
Customer accounts	67,469	63,003
Individuals - Current/settlement accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Customer accounts	30,767	20,654
Individuals - Term deposits
BANK FINANCIAL ASSETS AND LIABILITIES
Customer accounts	₽ 111,184	₽ 95,209

BANK FINANCIAL ASSETS AND LI_11

BANK FINANCIAL ASSETS AND LIABILITIES - Structure and amounts of due to banks and loans under repurchase agreement (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021	Nov. 30, 2015
BANK FINANCIAL ASSETS AND LIABILITIES
Total due to banks	₽ 10,984	₽ 21,430
Subordinated debt \| MTS Bank
BANK FINANCIAL ASSETS AND LIABILITIES
Subordinated debt			₽ 7,246
Loans under repurchase agreements
BANK FINANCIAL ASSETS AND LIABILITIES
Total due to banks	4,002	9,333
Loans under repurchase agreements \| At FVTPL
BANK FINANCIAL ASSETS AND LIABILITIES
Assets	0	1,946
Loans under repurchase agreements \| At amortized cost
BANK FINANCIAL ASSETS AND LIABILITIES
Assets	0	8,624
Loans under repurchase agreements \| Financial assets measured at fair value through other comprehensive income, category
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets at fair value	4,456	0
Loans and term deposits from banks and other financial institutions
BANK FINANCIAL ASSETS AND LIABILITIES
Total due to banks	1,894	9,474
Correspondent accounts of other banks
BANK FINANCIAL ASSETS AND LIABILITIES
Total due to banks	₽ 5,088	₽ 2,623

BANK FINANCIAL ASSETS AND LI_12

BANK FINANCIAL ASSETS AND LIABILITIES - Group's liquidity analysis for its derivative financial instruments (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	₽ 324,938	₽ 257,920
Financial liabilities	₽ 276,866	(226,186)
Discount rate from market price	5%
Percentage of securities investments	85%
Percentage of effective discounts	15%
Percentage of security discounts	15%
Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	₽ 277,060	237,890
Financial liabilities	203,887	(178,801)
Fixed interest rate risk \| Due to banks and other financial institutions
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(6,284)	(18,807)
Fixed interest rate risk \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(186,437)	(153,681)
Fixed interest rate risk \| Debt securities issued
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(10,481)	(5,581)
Fixed interest rate risk \| Lease obligations
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	787	(732)
Fixed interest rate risk \| Cash and Cash equivalents
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	20,117
Fixed interest rate risk \| Financial assets at fair value through other comprehensive income
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	22,395
Fixed interest rate risk \| Financial assets at fair value through profit or loss
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	697
Fixed interest rate risk \| Loans to customers
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	231,046	202,453
Fixed interest rate risk \| Investment securities
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	2,805	8,886
Non-interest bearing financial instruments
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	47,878	20,031
Financial liabilities		(47,385)
Non-interest bearing financial instruments \| Due to banks and other financial institutions
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(4,700)	(2,623)
Non-interest bearing financial instruments \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(63,259)	(38,496)
Non-interest bearing financial instruments \| Other financial liabilities
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities		(6,266)
Non-interest bearing financial instruments \| Cash and Cash equivalents
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	38,103	15,974
Non-interest bearing financial instruments \| Due from banks
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	3,427	1,733
Non-interest bearing financial instruments \| Other financial assets
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	6,348	2,324
1 - 30 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	74,308	54,790
Financial liabilities	128,752	(98,107)
Liquidity gap	(54,444)	(43,317)
Stable source of funding	88,179	43,901
Net liquidity gap	33,748	584
Cumulative liquidity gap	33,748	584
1 - 30 days past due \| Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	32,167	36,544
Financial liabilities	59,229	(54,131)
1 - 30 days past due \| Fixed interest rate risk \| Due to banks and other financial institutions
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(6,220)	(18,788)
1 - 30 days past due \| Fixed interest rate risk \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(52,665)	(35,294)
1 - 30 days past due \| Fixed interest rate risk \| Debt securities issued
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(322)	(32)
1 - 30 days past due \| Fixed interest rate risk \| Lease obligations
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	22	(17)
1 - 30 days past due \| Fixed interest rate risk \| Cash and Cash equivalents
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	20,117
1 - 30 days past due \| Fixed interest rate risk \| Financial assets at fair value through other comprehensive income
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	377
1 - 30 days past due \| Fixed interest rate risk \| Financial assets at fair value through profit or loss
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	697
1 - 30 days past due \| Fixed interest rate risk \| Loans to customers
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	10,967	9,985
1 - 30 days past due \| Fixed interest rate risk \| Investment securities
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	9	9
1 - 30 days past due \| Non-interest bearing financial instruments
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	42,141	18,246
Financial liabilities		(43,976)
1 - 30 days past due \| Non-interest bearing financial instruments \| Due to banks and other financial institutions
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(4,700)	(2,623)
1 - 30 days past due \| Non-interest bearing financial instruments \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(62,546)	(38,496)
1 - 30 days past due \| Non-interest bearing financial instruments \| Other financial liabilities
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities		(2,857)
1 - 30 days past due \| Non-interest bearing financial instruments \| Cash and Cash equivalents
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	38,103	15,974
1 - 30 days past due \| Non-interest bearing financial instruments \| Other financial assets
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	4,038	2,272
1 month to 3 months
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	21,403	19,368
Financial liabilities	19,412	(14,992)
Liquidity gap	1,991	4,376
Stable source of funding	(22,598)	(2,392)
Net liquidity gap	(20,607)	1,984
Cumulative liquidity gap	13,141	2,568
1 month to 3 months \| Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	21,396	19,362
Financial liabilities	19,115	(13,845)
1 month to 3 months \| Fixed interest rate risk \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(18,956)	(13,801)
1 month to 3 months \| Fixed interest rate risk \| Debt securities issued
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(114)
1 month to 3 months \| Fixed interest rate risk \| Lease obligations
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	46	(44)
1 month to 3 months \| Fixed interest rate risk \| Financial assets at fair value through other comprehensive income
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	1,215
1 month to 3 months \| Fixed interest rate risk \| Loans to customers
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	19,970	18,848
1 month to 3 months \| Fixed interest rate risk \| Investment securities
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	211	514
1 month to 3 months \| Non-interest bearing financial instruments
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	7	6
Financial liabilities		(1,147)
1 month to 3 months \| Non-interest bearing financial instruments \| Other financial liabilities
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities		(1,147)
1 month to 3 months \| Non-interest bearing financial instruments \| Other financial assets
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	7	6
3 months to 1 year
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	63,860	55,912
Financial liabilities	115,225	(98,284)
Liquidity gap	(51,365)	(42,372)
Stable source of funding	56,312	43,814
Net liquidity gap	4,947	1,442
Cumulative liquidity gap	18,088	4,010
3 months to 1 year \| Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	63,857	55,897
Financial liabilities	112,779	(96,022)
3 months to 1 year \| Fixed interest rate risk \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(107,500)	(95,472)
3 months to 1 year \| Fixed interest rate risk \| Debt securities issued
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(5,057)	(350)
3 months to 1 year \| Fixed interest rate risk \| Lease obligations
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	234	(200)
3 months to 1 year \| Fixed interest rate risk \| Financial assets at fair value through other comprehensive income
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	665
3 months to 1 year \| Fixed interest rate risk \| Loans to customers
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	61,906	50,342
3 months to 1 year \| Fixed interest rate risk \| Investment securities
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	1,286	5,555
3 months to 1 year \| Non-interest bearing financial instruments
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	3	15
Financial liabilities		(2,262)
3 months to 1 year \| Non-interest bearing financial instruments \| Other financial liabilities
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities		(2,262)
3 months to 1 year \| Non-interest bearing financial instruments \| Other financial assets
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	3	15
More than 1 to 5 years
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	124,752	112,757
Financial liabilities	12,761	(14,803)
Liquidity gap	111,991	97,954
Stable source of funding	(19,814)	(3,519)
Net liquidity gap	92,177	94,435
Cumulative liquidity gap	110,265	98,445
More than 1 to 5 years \| Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	124,752	112,757
Financial liabilities	12,761	(14,803)
More than 1 to 5 years \| Fixed interest rate risk \| Due to banks and other financial institutions
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(64)	(19)
More than 1 to 5 years \| Fixed interest rate risk \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(7,316)	(9,114)
More than 1 to 5 years \| Fixed interest rate risk \| Debt securities issued
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(4,988)	(5,199)
More than 1 to 5 years \| Fixed interest rate risk \| Lease obligations
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	479	(471)
More than 1 to 5 years \| Fixed interest rate risk \| Financial assets at fair value through other comprehensive income
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	10,971
More than 1 to 5 years \| Fixed interest rate risk \| Loans to customers
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	112,482	109,949
More than 1 to 5 years \| Fixed interest rate risk \| Investment securities
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	1,299	2,808
Over 5 years
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	27,909	11,346
Financial liabilities	3
Liquidity gap	27,906	11,346
Stable source of funding	(102,092)	(81,804)
Net liquidity gap	(74,186)	(70,458)
Cumulative liquidity gap	36,079	27,987
Over 5 years \| Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	27,909	11,346
Financial liabilities	3
Over 5 years \| Fixed interest rate risk \| Lease obligations
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	6
Over 5 years \| Fixed interest rate risk \| Financial assets at fair value through other comprehensive income
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	8,355
Over 5 years \| Fixed interest rate risk \| Loans to customers
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	19,554	11,346
Maturity undefined
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	12,706	3,747
Financial liabilities	713
Maturity undefined \| Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	6,979	1,984
Maturity undefined \| Fixed interest rate risk \| Financial assets at fair value through other comprehensive income
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	812
Maturity undefined \| Fixed interest rate risk \| Loans to customers
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	6,167	1,983
Maturity undefined \| Non-interest bearing financial instruments
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	5,727	1,764
Maturity undefined \| Non-interest bearing financial instruments \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities	(713)
Maturity undefined \| Non-interest bearing financial instruments \| Due from banks
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	3,427	1,733
Maturity undefined \| Non-interest bearing financial instruments \| Other financial assets
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	₽ 2,300	₽ 31

BANK FINANCIAL ASSETS AND LI_13

BANK FINANCIAL ASSETS AND LIABILITIES - Group's remaining contractual maturity for its non-derivative financial liabilities (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	₽ 290,513	₽ 231,232
Financial assets	324,938	257,920
Financial liabilities	(276,866)	226,186
Bank guarantees, contingent liabilities	18,691	21,869
Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	217,534	183,847
Financial assets	277,060	237,890
Financial liabilities	(203,887)	178,801
Fixed interest rate risk \| Fair value through profit or loss
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets		24,770
Fixed interest rate risk \| Due to banks
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	₽ 6,302	18,807
Financial assets		₽ 1,781
Weighted average interest rate	6.90%	8.40%
Fixed interest rate risk \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	₽ 198,608	₽ 158,195
Financial liabilities	₽ 186,437	₽ 153,681
Weighted average interest rate	8.10%	6.30%
Fixed interest rate risk \| Debt securities issued
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	₽ 11,837	₽ 6,117
Financial liabilities	₽ 10,481	₽ 5,581
Weighted average interest rate	8.90%	7.30%
Fixed interest rate risk \| Lease obligations
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	₽ 685	₽ 728
Financial liabilities	₽ (787)	₽ 732
Weighted average interest rate	8.30%	5.20%
Non-interest bearing financial instruments
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	₽ 72,979	₽ 47,385
Financial assets	47,878	20,031
Financial liabilities		47,385
Non-interest bearing financial instruments \| Due to banks
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	4,700	2,623
Non-interest bearing financial instruments \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	63,259	38,496
Financial liabilities	63,259	38,496
Non-interest bearing financial instruments \| Other financial liabilities
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	5,020	6,266
Financial liabilities		6,266
1 - 30 days past due
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	129,569	98,210
Financial assets	74,308	54,790
Financial liabilities	(128,752)	98,107
1 - 30 days past due \| Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	60,046	54,234
Financial assets	32,167	36,544
Financial liabilities	(59,229)	54,131
1 - 30 days past due \| Fixed interest rate risk \| Fair value through profit or loss
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets		24,769
1 - 30 days past due \| Fixed interest rate risk \| Due to banks
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	6,230	18,788
Financial assets		1,781
1 - 30 days past due \| Fixed interest rate risk \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	53,465	35,402
Financial liabilities	52,665	35,294
1 - 30 days past due \| Fixed interest rate risk \| Debt securities issued
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	329	33
Financial liabilities	322	32
1 - 30 days past due \| Fixed interest rate risk \| Lease obligations
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	22	11
Financial liabilities	(22)	17
1 - 30 days past due \| Non-interest bearing financial instruments
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	69,523	43,976
Financial assets	42,141	18,246
Financial liabilities		43,976
1 - 30 days past due \| Non-interest bearing financial instruments \| Due to banks
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	4,700	2,623
1 - 30 days past due \| Non-interest bearing financial instruments \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	62,546	38,496
Financial liabilities	62,546	38,496
1 - 30 days past due \| Non-interest bearing financial instruments \| Other financial liabilities
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	2,277	2,857
Financial liabilities		2,857
1 month to 3 months
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	19,794	15,156
Financial assets	21,403	19,368
Financial liabilities	(19,412)	14,992
1 month to 3 months \| Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	19,497	14,009
Financial assets	21,396	19,362
Financial liabilities	(19,115)	13,845
1 month to 3 months \| Fixed interest rate risk \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	19,323	13,964
Financial liabilities	18,956	13,801
1 month to 3 months \| Fixed interest rate risk \| Debt securities issued
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	128
Financial liabilities	114
1 month to 3 months \| Fixed interest rate risk \| Lease obligations
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	45	45
Financial liabilities	(46)	44
1 month to 3 months \| Non-interest bearing financial instruments
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	297	1,147
Financial assets	7	6
Financial liabilities		1,147
1 month to 3 months \| Non-interest bearing financial instruments \| Other financial liabilities
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	297	1,147
Financial liabilities		1,147
3 months to 1 year
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	120,922	101,841
Financial assets	63,860	55,912
Financial liabilities	(115,225)	98,284
3 months to 1 year \| Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	118,476	99,579
Financial assets	63,857	55,897
Financial liabilities	(112,779)	96,022
3 months to 1 year \| Fixed interest rate risk \| Due to banks
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments		19
3 months to 1 year \| Fixed interest rate risk \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	112,681	98,665
Financial liabilities	107,500	95,472
3 months to 1 year \| Fixed interest rate risk \| Debt securities issued
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	5,561	695
Financial liabilities	5,057	350
3 months to 1 year \| Fixed interest rate risk \| Lease obligations
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	222	200
Financial liabilities	(234)	200
3 months to 1 year \| Non-interest bearing financial instruments
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	2,446	2,262
Financial assets	3	15
Financial liabilities		2,262
3 months to 1 year \| Non-interest bearing financial instruments \| Other financial liabilities
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	2,446	2,262
Financial liabilities		2,262
More than 1 to 5 years
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	19,509	16,024
Financial assets	124,752	112,757
Financial liabilities	(12,761)	14,803
More than 1 to 5 years \| Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	19,509	16,024
Financial assets	124,752	112,757
Financial liabilities	(12,761)	14,803
More than 1 to 5 years \| Fixed interest rate risk \| Due to banks
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	72
More than 1 to 5 years \| Fixed interest rate risk \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	13,139	10,164
Financial liabilities	7,316	9,114
More than 1 to 5 years \| Fixed interest rate risk \| Debt securities issued
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	5,819	5,389
Financial liabilities	4,988	5,199
More than 1 to 5 years \| Fixed interest rate risk \| Lease obligations
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	393	471
Financial liabilities	(479)	471
Over 5 years
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	6	1
Financial assets	27,909	11,346
Financial liabilities	(3)
Over 5 years \| Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	6	1
Financial assets	27,909	11,346
Financial liabilities	(3)
Over 5 years \| Fixed interest rate risk \| Lease obligations
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	3	1
Financial liabilities	(6)
Maturity undefined
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	713
Financial assets	12,706	3,747
Financial liabilities	(713)
Maturity undefined \| Fixed interest rate risk
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets	6,979	1,984
Maturity undefined \| Fixed interest rate risk \| Fair value through profit or loss
BANK FINANCIAL ASSETS AND LIABILITIES
Financial assets		1
Maturity undefined \| Non-interest bearing financial instruments
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	713
Financial assets	5,727	₽ 1,764
Maturity undefined \| Non-interest bearing financial instruments \| Customer accounts
BANK FINANCIAL ASSETS AND LIABILITIES
Financial liabilities and commitments	713
Financial liabilities	₽ 713

BANK FINANCIAL ASSETS AND LI_14

BANK FINANCIAL ASSETS AND LIABILITIES - Maximum amount of credit risk on guarantees issued and commitments on loans (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
BANK FINANCIAL ASSETS AND LIABILITIES
Commitments on loans	₽ 67,629	₽ 37,537
Guarantees issued	18,626	16,155
Less provision	(1,043)	(752)
Total capital commitments	85,212	52,940
Stage 1
BANK FINANCIAL ASSETS AND LIABILITIES
Commitments on loans	66,258	36,759
Guarantees issued	16,434	13,798
Less provision	(826)	(687)
Total capital commitments	81,866	49,870
Stage 2
BANK FINANCIAL ASSETS AND LIABILITIES
Commitments on loans	1,314	745
Guarantees issued	1,979	2,257
Less provision	(25)	(15)
Total capital commitments	3,268	2,987
Stage 3
BANK FINANCIAL ASSETS AND LIABILITIES
Commitments on loans	57	33
Guarantees issued	213	100
Less provision	(192)	(50)
Total capital commitments	₽ 78	₽ 83

RELATED PARTIES - Balances of r

RELATED PARTIES - Balances of related parties' transactions (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
RELATED PARTIES
Accounts receivable, related parties	₽ 2,643	₽ 2,287
Total non-current assets	12,437	13,802
Accounts receivable, non-current	1,767	5,000
TOTAL ASSETS FROM RELATED PARTIES	34,491	27,585
Accounts payable, related parties	1,451	4,107
TOTAL LIABILITIES TO RELATED PARTIES	85,227	79,061
Sistema's subsidiaries
RELATED PARTIES
Advances for property, plant and equipment	1,211	1,347
Other investments	3,211	117
Accounts receivable, related parties	1,502	1,255
Bank deposits and loans to customers	693	1,179
Accounts receivable, non-current	1,290	5,000
Bank deposits and loans to customers	5,550	820
Short-term investments	4,125	2,377
Cash and cash equivalents	520	1,311
Other financial assets	509	300
Other assets	1,026	1,059
Lease obligations	3,103	3,968
Accounts payable, related parties	658	2,756
Lease obligations	487	551
Bank deposits and liabilities, current	26,426	22,312
Sistema's associates
RELATED PARTIES
Bank deposits and loans to customers	283	2,587
Bank deposits and loans to customers	287	2,078
Accounts payable, related parties	523	632
Bank deposits and liabilities, current	5,797	9,163
The Group's associates
RELATED PARTIES
Other investments	2,035	625
Accounts receivable, related parties	823	911
Borrowings	2,745
Other financial liabilities	2,081
Total non-current liabilities	10,898	5,471
Accounts payable, related parties	270	711
Borrowings	454	2,129
Sistema, parent company
RELATED PARTIES
Short-term investments	2,156	1,443
Other financial assets	2,010	1,829
Bank deposits and liabilities, current	946	2,042
Key management personnel of the Group, its parent and shareholders
RELATED PARTIES
Other assets	355
Accounts receivable, non-current	477
Bank deposits and loans to customers	341	87
Other assets	1,402
Bank deposits and liabilities	2,920	1,433
Bank deposits and liabilities, current	38,276	32,886
Other related parties
RELATED PARTIES
Advances for property, plant and equipment	11	34
Other investments	3	2
Accounts receivable, related parties	318	121
Other financial assets	109	109
Other assets	585	83
Total current assets	22,054	13,783
Lease obligations	49	70
Accounts payable, related parties		8
Borrowings	12	11
Lease obligations	10	13
Bank deposits and liabilities, current	470	376
Total current liabilities	74,329	73,590
Gross Book Value \| Sistema's subsidiaries
RELATED PARTIES
Right-of-use assets	3,832	4,432
Gross Book Value \| Other related parties
RELATED PARTIES
Right-of-use assets	101	111
Accumulated Depreciation \| Sistema's subsidiaries
RELATED PARTIES
Right-of-use assets	(1,017)	(1,586)
Accumulated Depreciation \| Other related parties
RELATED PARTIES
Right-of-use assets	₽ (48)	₽ (46)

RELATED PARTIES - Revenue and o

RELATED PARTIES - Revenue and operating transactions with related parties (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
RELATED PARTIES
Revenue	₽ 6,972	₽ 6,359	₽ 5,832
OPERATING PROFIT / (LOSS)	(6,036)	(125)	2,443
PROFIT BEFORE TAX	(5,602)	823	3,896
Impairment recognized for bad or doubtful debts from related parties	0
Expenses recognized for bad or doubtful debts from related parties	0	0	0
Sistema's subsidiaries
RELATED PARTIES
Revenue	5,252	4,294	4,371
Cost of services	4,182	2,143	599
Other operating income / (expense)	74	2,831	2,160
Finance income / (loss)	852	935	1,492
Sistema's associates
RELATED PARTIES
Revenue	1,013	752	615
The Group's associates
RELATED PARTIES
Revenue	289	622	418
Other non-operating income / (expense)	(221)		(278)
Sistema, parent company
RELATED PARTIES
Cost of services	571	233	141
Key management personnel of the Group, its parent and shareholders
RELATED PARTIES
Cost of services	1,719	1,476	1,830
Selling, general and administrative expenses	5,079	4,256	2,003
Deferred other related parties
RELATED PARTIES
Revenue	418	691	428
Cost of services	666	454	272
Selling, general and administrative expenses	864	812	691
Other operating income / (expense)	(1)	59	(13)
Finance income / (loss)	(81)	(28)	₽ 239
Other non-operating income / (expense)	(116)	41
Business Nedvizhimost.
RELATED PARTIES
Amount receivable	₽ 1,399	₽ 1,399

RELATED PARTIES - Purchases of

RELATED PARTIES - Purchases of property, plant and equipment, intangible assets and other assets, related parties (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
RELATED PARTIES
Purchases of property, plant and equipment, intangible assets and other assets	₽ 15,418	₽ 12,982	₽ 9,862
Sistema's subsidiaries
RELATED PARTIES
Purchases of property, plant and equipment, intangible assets and other assets	15,061	10,330	3,324
Sistema's associates
RELATED PARTIES
Purchases of property, plant and equipment, intangible assets and other assets	270	2,530	6,299
Other related parties
RELATED PARTIES
Purchases of property, plant and equipment, intangible assets and other assets	₽ 87	₽ 122	₽ 239

RELATED PARTIES - Contingent li

RELATED PARTIES - Contingent liabilities on loans and undrawn credit lines (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
RELATED PARTIES
Contingent liabilities on loans and undrawn credit lines	₽ 229	₽ 698
Sistema's subsidiaries
RELATED PARTIES
Contingent liabilities on loans and undrawn credit lines	188	634
Other related parties
RELATED PARTIES
Contingent liabilities on loans and undrawn credit lines	₽ 41	₽ 64

RELATED PARTIES - Guarantees an

RELATED PARTIES - Guarantees and similar commitments (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
RELATED PARTIES
Guarantees and similar commitments	₽ 1,634	₽ 1,091	₽ 1,023
Sistema's subsidiaries
RELATED PARTIES
Guarantees and similar commitments	658	14	344
Other related parties
RELATED PARTIES
Guarantees and similar commitments	₽ 976	₽ 1,077	₽ 679

RELATED PARTIES - Additional in

RELATED PARTIES - Additional information of related parties (Details) - RUB (₽) ₽ in Millions	1 Months Ended		12 Months Ended
	Feb. 28, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
RELATED PARTIES
Lease payments in favour of related parties			₽ 1,240	₽ 1,361	₽ 1,530
Key management remuneration			2,864	2,406	1,309
Key management remuneration, social contributions			730	501	214
Key management remuneration as base salaries			1,453	1,008	690
Key management remuneration as bonus			1,412	1,398	619
Cash-settled and equity-settled share-based payments			3,465	3,328	694
Key management remuneration, social contributions included in share-based payments			₽ 254	₽ 338	₽ 79
VisionLabs Group
RELATED PARTIES
Ownership interest in subsidiary (as a percentage)	24%		100%
Business Nedvizhimost
RELATED PARTIES
Period of coupon notes				5 years
Sistema
RELATED PARTIES
Investment related party notes			₽ 1,459	₽ 1,443
Business Nedvizhimost
RELATED PARTIES
Investment related party notes			2,105	2,105
Other investments			3,095
Related party transactions short term investments			164
Financial expenses			380
Rent-Nedvizhimost \| Business Nedvizhimost
RELATED PARTIES
Ownership interest sold (as a percent)		10.80%
Proceeds from sale of ownership interest		₽ 2,100
Yahont
RELATED PARTIES
Purchase of telecommunication equipment, software and billing systems			₽ 11,466	₽ 7,181

STOCK-BASED COMPENSATIONS - Sha

STOCK-BASED COMPENSATIONS - Share based awards displayed (Details) EquityInstruments in Thousands	12 Months Ended
	Dec. 31, 2022 EquityInstruments ₽ / shares	Dec. 31, 2021 EquityInstruments ₽ / shares
Equity-settled share based awards
Share based compensation
Outstanding at the beginning of the period \| EquityInstruments	20,666	3,194
Granted during the period \| EquityInstruments	10,767	18,733
Forfeited during the period \| EquityInstruments	(2,747)	(447)
Exercised during the period \| EquityInstruments	(4,594)	(814)
Outstanding at the end of the period \| EquityInstruments	24,092	20,666
Exercisable at the end of the period \| EquityInstruments	11,063	6,246
Weighted average fair value per share beginning of the period	₽ 327	₽ 424
Granted during the period	240	249
Forfeited during the period	400	407
Exercised during the period	240	406
Weighted average fair value per share end of the period	339	327
Exercisable at the end of the period	312	361
Weighted-average exercise price	₽ 297	₽ 375
Cash-settled share based awards
Share based compensation
Outstanding at the beginning of the period \| EquityInstruments	3,485	725
Granted during the period \| EquityInstruments	5,189	3,788
Forfeited during the period \| EquityInstruments	(585)	(298)
Exercised during the period \| EquityInstruments	(1,593)	(729)
Outstanding at the end of the period \| EquityInstruments	6,496	3,485
Exercisable at the end of the period \| EquityInstruments	2,468	1,598
Weighted average fair value per share beginning of the period	₽ 373	₽ 707
Granted during the period	328	423
Forfeited during the period	515	678
Exercised during the period	591	707
Weighted average fair value per share end of the period	333	373
Exercisable at the end of the period	₽ 319	₽ 638

STOCK-BASED COMPENSATIONS - Ran

STOCK-BASED COMPENSATIONS - Range of exercise prices and the weighted-average remaining contractual terms (Details) EquityInstruments in Thousands	12 Months Ended
	Dec. 31, 2022 EquityInstruments ₽ / shares	Dec. 31, 2021 EquityInstruments ₽ / shares	Dec. 31, 2020 EquityInstruments
Equity-settled share based awards
Range of exercise prices and the weighted-average remaining contractual terms
Number of share options outstanding in share-based payment arrangement \| EquityInstruments	24,092	20,666	3,194
Weighted average share price	₽ 297	₽ 375
Equity-settled share based awards \| Options To Be Exercised in 2023
Range of exercise prices and the weighted-average remaining contractual terms
Number of share options outstanding in share-based payment arrangement \| EquityInstruments	11,063
Weighted average remaining contractual term	3 months
Equity-settled share based awards \| Options To Be Exercised in 2024
Range of exercise prices and the weighted-average remaining contractual terms
Number of share options outstanding in share-based payment arrangement \| EquityInstruments	10,099
Weighted average remaining contractual term	15 months
Equity-settled share based awards \| Options To Be Exercised in 2025
Range of exercise prices and the weighted-average remaining contractual terms
Number of share options outstanding in share-based payment arrangement \| EquityInstruments	2,930
Weighted average remaining contractual term	27 months
Cash-settled share based awards
Range of exercise prices and the weighted-average remaining contractual terms
Number of share options outstanding in share-based payment arrangement \| EquityInstruments	6,496	3,485	725
Cash-settled share based awards \| Options To Be Exercised in 2023 \| Ordinary shares
Range of exercise prices and the weighted-average remaining contractual terms
Number of share options outstanding in share-based payment arrangement \| EquityInstruments	2,468
Weighted average share price	₽ 236
Weighted average remaining contractual term	3 months
Cash-settled share based awards \| Options To Be Exercised in 2024 \| Ordinary shares
Range of exercise prices and the weighted-average remaining contractual terms
Number of share options outstanding in share-based payment arrangement \| EquityInstruments	2,091
Weighted average remaining contractual term	15 months
Cash-settled share based awards \| Options To Be Exercised in 2025 \| Ordinary shares
Range of exercise prices and the weighted-average remaining contractual terms
Number of share options outstanding in share-based payment arrangement \| EquityInstruments	1,938
Weighted average remaining contractual term	27 months
Minimum \| Equity-settled share based awards \| Options To Be Exercised in 2023
Range of exercise prices and the weighted-average remaining contractual terms
Weighted average share price	₽ 230
Minimum \| Equity-settled share based awards \| Options To Be Exercised in 2024
Range of exercise prices and the weighted-average remaining contractual terms
Weighted average share price	320
Minimum \| Equity-settled share based awards \| Options To Be Exercised in 2025
Range of exercise prices and the weighted-average remaining contractual terms
Weighted average share price	320
Minimum \| Cash-settled share based awards \| Options To Be Exercised in 2024 \| Ordinary shares
Range of exercise prices and the weighted-average remaining contractual terms
Weighted average share price	320
Minimum \| Cash-settled share based awards \| Options To Be Exercised in 2025 \| Ordinary shares
Range of exercise prices and the weighted-average remaining contractual terms
Weighted average share price	320
Maximum \| Equity-settled share based awards \| Options To Be Exercised in 2023
Range of exercise prices and the weighted-average remaining contractual terms
Weighted average share price	240
Maximum \| Equity-settled share based awards \| Options To Be Exercised in 2024
Range of exercise prices and the weighted-average remaining contractual terms
Weighted average share price	330
Maximum \| Equity-settled share based awards \| Options To Be Exercised in 2025
Range of exercise prices and the weighted-average remaining contractual terms
Weighted average share price	660
Maximum \| Cash-settled share based awards \| Options To Be Exercised in 2024 \| Ordinary shares
Range of exercise prices and the weighted-average remaining contractual terms
Weighted average share price	330
Maximum \| Cash-settled share based awards \| Options To Be Exercised in 2025 \| Ordinary shares
Range of exercise prices and the weighted-average remaining contractual terms
Weighted average share price	₽ 488

STOCK-BASED COMPENSATIONS - Add

STOCK-BASED COMPENSATIONS - Additional Information (Details) - RUB (₽) ₽ / shares in Units, ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share based compensation
Change in fair value of incremental share based compensation per share	₽ 49	₽ 68	₽ 145
Total expense in respect of Group's share plans		₽ 5,662	₽ 4,767
Liability from share based payment awards		5,286	2,285
Fair value of share-based awards vested		1,545	1,530
Equity-settled share based awards
Share based compensation
Total expense in respect of Group's share plans		₽ 4,423	₽ 3,690

SHAREHOLDERS' EQUITY (Details)

SHAREHOLDERS' EQUITY (Details) - RUB (₽) ₽ / shares in Units, ₽ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2019
Common stock
Shareholders' equity
Ordinary shares authorized	1,998,381,575	1,998,381,575	1,998,381,575	1,998,381,575
Par value (in RUB per share)	₽ 0.1		₽ 0.1
Number of shares repurchased	65,308,610	48,797,719
Maximum stock repurchase amount	₽ 21,466	₽ 16,010
Common stock \| Open market
Shareholders' equity
Number of shares repurchased	42,512,570	26,038,847
Maximum stock repurchase amount	₽ 13,963	₽ 8,525
Common stock \| Sistema Finance
Shareholders' equity
Number of shares repurchased	22,796,040	22,758,872
Maximum stock repurchase amount	₽ 7,503	₽ 7,485
Treasury stock
Shareholders' equity
Treasury stock shares	335,757,457	271,479,406	315,427,725	225,547,422
Number of shares outstanding	1,662,624,118		1,682,953,850

SHAREHOLDERS' EQUITY - Non-cont

SHAREHOLDERS' EQUITY - Non-controlling interests (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Non-controlling interests
Non-controlling interests opening balance	₽ (4,838)
Dividends to non-controlling interests	51	₽ 52	₽ 52
Non-controlling interests closing balance	(5,750)	(4,838)
Statement of financial position
Current assets	300,883	263,300
Non-current assets	782,047	752,518
Current liabilities	(551,345)	(473,420)
Non-current liabilities	(535,202)	(527,794)
Income statement
Revenue, gross of intercompany	(541,749)	(527,921)	(489,831)
Profit for the year, gross of intercompany	(33,435)	(64,269)	(62,073)
Non-controlling interests
Non-controlling interests
Dividends to non-controlling interests	51	52	52
Income statement
Profit for the year, gross of intercompany	(861)	(796)	(661)
MGTS Group
Non-controlling interests
Non-controlling interests opening balance	(4,909)	(4,055)	(3,328)
Profit for the year attributable to non-controlling interests	(869)	(803)	(675)
Other	(52)	(51)	(52)
Non-controlling interests closing balance	(5,830)	(4,909)	(4,055)
Statement of financial position
Current assets	34,752	34,282
Non-current assets	70,279	57,631
Current liabilities	(12,778)	(13,497)
Non-current liabilities	(14,940)	(17,691)
Income statement
Revenue, gross of intercompany	(43,015)	(41,255)	(41,103)
Profit for the year, gross of intercompany	₽ (15,381)	₽ (14,203)	₽ (11,811)

SHAREHOLDERS' EQUITY - Dividend

SHAREHOLDERS' EQUITY - Dividends (Details) - RUB (₽) ₽ / shares in Units, ₽ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Declared cash dividends
Dividends declared (including dividends on treasury shares of 9,318, 12,082 and 6,936 respectively)	₽ 66,334	₽ 74,049	₽ 58,948
Dividends declared on treasury shares	₽ 9,318	₽ 12,082	₽ 6,936
Dividends, RUB per ADS	₽ 67.70	₽ 74.12	₽ 59
Dividends, RUB per share	₽ 33.85	₽ 37.06	₽ 29.50
Dividends payable	₽ 16,591	₽ 68

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Capital commitments (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
Property, plant and equipment
Capital commitments
Capital commitment to acquire property, plant and equipment, intangible assets and costs	₽ 25,369	₽ 67,614

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Taxation (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2022	Dec. 31, 2021
Additional taxes other than income tax contingent liability
Taxation
Estimated financial effect of contingent liabilities	₽ 498	₽ 860
Additional income tax contingent liability
Taxation
Estimated financial effect of contingent liabilities	₽ 1,222	₽ 1,132

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Others (Details) ₽ in Millions	Aug. 08, 2022	Dec. 31, 2022	Feb. 28, 2022	Aug. 21, 2021 RUB (₽)
Potential adverse effects of economic instability and sanctions
Penalty paid imposed by FAS Russia				₽ 189
Key rate			20%
ADS
Potential adverse effects of economic instability and sanctions
ADS conversion ratio	0.5
Central Bank of Russia
Potential adverse effects of economic instability and sanctions
Key rate		7.50%

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Purchase of stake in Buzzoola ₽ in Millions	1 Months Ended
	Feb. 28, 2023 RUB (₽)
SUBSEQUENT EVENTS
Percentage of stake purchased	67%
Contingent consideration recognised as of acquisition date	₽ 371
Percentage of investment in joint venture	67%