HeadHunter (HHR) 20-F 27 Apr 22 2021 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2021shares
Document Information [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2021
Entity File Number	001-38882
Entity Registrant Name	HeadHunter Group PLC
Entity Incorporation, State or Country Code	G4
Entity Address, Address Line One	9/10 Godovikova St.
Entity Address, City or Town	Moscow
Entity Address, Postal Zip Code	129085
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Document Accounting Standard	International Financial Reporting Standards
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001721181
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
ICFR Auditor Attestation Flag	true
Entity Address, Country	RU
Title of 12(b) Security	Ordinary shares, nominal value €0.002 per share*
Trading Symbol	HHR
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	50,635,720
Auditor Name	JSC “KPMG”
Auditor Firm ID	3055
Auditor Location	Moscow, Russia
Business Contact
Document Information [Line Items]
Entity Address, Address Line One	9/10 Godovikova St.
Entity Address, City or Town	Moscow
Entity Address, Postal Zip Code	129085
Entity Address, Country	RU
Contact Personnel Name	Mikhail Zhukov
City Area Code	+7
Local Phone Number	495 974 6427

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consolidated Statements of Income and Comprehensive Income
Revenue	₽ 15,968,033	₽ 8,282,107	₽ 7,788,741
Operating costs and expenses (exclusive of depreciation and amortization)	(7,949,215)	(4,691,300)	(4,300,263)
Depreciation and amortization	(1,066,284)	(750,558)	(683,317)
Operating income	6,952,534	2,840,249	2,805,161
Finance income	243,108	59,329	76,764
Finance costs	(659,579)	(409,545)	(603,280)
Changes in put liability to non-controlling participants in subsidiary	(32,467)
Net foreign exchange gain/(loss)	1,424	83,030	(46,508)
Gain on remeasurement of previously held interest at the fair value	223,308
Share of loss of equity-accounted investees (net of income tax)	(17,925)	(49,181)	(30,542)
Other income	157,202	47,715	23,853
Profit before income tax	6,867,605	2,571,597	2,225,448
Income tax expense	(1,374,834)	(685,772)	(644,422)
Net income for the year	5,492,771	1,885,825	1,581,026
Attributable to:
Owners of the Company	5,390,677	1,748,960	1,448,018
Non-controlling interest	102,094	136,865	133,008
Items that are or may be reclassified subsequently to profit or loss:
Foreign currency translation differences	(1,822)	15,109	(41,818)
Total comprehensive income, net of tax	5,490,949	1,900,934	1,539,208
Attributable to:
Owners of the Company	5,388,139	1,762,011	1,408,597
Non-controlling interest	₽ 102,810	₽ 138,923	₽ 130,611
Earnings per share
Basic (in Russian Roubles per share)	₽ 106.75	₽ 34.84	₽ 28.96
Diluted (in Russian Roubles per share)	₽ 103.96	₽ 33.90	₽ 28.42

Consolidated Statements of Fina

Consolidated Statements of Financial Position - RUB (₽) ₽ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Non-current assets
Goodwill		₽ 10,630,361	₽ 9,881,100	[1]
Intangible assets		3,325,135	3,386,265	[1]
Property and equipment		423,986	466,725	[1]
Equity-accounted investees		414,621	129,666	[1]
Right-of-use assets		179,000	215,120	[1]
Deferred tax assets		451,890	176,328	[1]
Loans issued	[1]		11,541
Other financial assets	[1]		25,491
Other non-current assets		27,091	22,176	[1]
Total non-current assets		15,452,084	14,314,412	[1]
Current assets
Trade and other receivables		154,602	69,120	[1]
Indemnification asset		117,844	186,473	[1]
Loans issued (current portion)	[1]		8,178
Prepaid expenses and other current assets		234,514	179,118	[1]
Short-term investments		300,000
Cash and cash equivalents		6,523,228	3,367,610	[1]
Total current assets		7,330,188	3,810,499	[1]
Total assets		22,782,272	18,124,911	[1]
Equity
Share capital		8,655	8,597	[1]
Share premium		1,568,626	1,568,626	[1]
Share-based payments reserve		694,096	418,418	[1]
Treasury shares		1,096,357
Foreign currency translation reserve		(94,678)	(92,140)	[1]
Retained earnings		4,756,114	1,536,137	[1]
Total equity attributable to owners of the Company		5,836,456	3,439,638	[1]
Non-controlling interest		126,888	69,104	[1]
Total equity		5,963,344	3,508,742	[1]
Non-current liabilities
Loans and borrowings		7,338,876	7,791,326	[1]
Lease liabilities		96,181	164,245	[1]
Deferred tax liabilities		504,367	611,152	[1]
Contract liabilities		84,205
Trade and other payables		110,236	178,607	[1]
Provisions		117,345	87,822	[1]
Other non-current liabilities		135,741	142,531	[1]
Total non-current liabilities		8,386,951	8,975,683	[1]
Current liabilities
Contract liabilities		4,560,634	2,785,402	[1]
Trade and other payables		1,816,113	1,273,089	[1]
Loans and borrowings (current portion)		698,778	485,100	[1]
Lease liabilities (current portion)		100,864	77,752	[1]
Income tax payable		357,555	401,733	[1]
Provisions (current portion)		758,117	578,651	[1]
Other current liabilities		139,916	38,759	[1]
Total current liabilities		8,431,977	5,640,486	[1]
Total liabilities		16,818,928	14,616,169	[1]
Total equity and liabilities		₽ 22,782,272	₽ 18,124,911	[1]
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - RUB (₽) ₽ in Thousands	Share capital	Share premium	Share-based payments reserve	Treasury shares	Foreign currency translation reserve	Retained earnings	Equity attributable to owners of parent	Non-controlling interests [Member]	Total
Beginning balance at Dec. 31, 2018	₽ 8,547	₽ 1,568,626	₽ 160,774		₽ (66,957)	₽ 1,302,981	₽ 2,973,971	₽ 29,449	₽ 3,003,420
Net income for the year						1,448,018	1,448,018	133,008	1,581,026
Other comprehensive income (loss)					(39,421)		(39,421)	(2,397)	(41,818)
LTIPs (note 20(a))			121,635				121,635		121,635
Share-based payments to Board of directors (Note 29(b))			12,842				12,842		12,842
Acquisition of non-controlling interest					1,187	(2,957)	(1,770)	(337)	(2,107)
Distributions to shareholders and non-controlling interest (note 19(d))						(1,160,345)	(1,160,345)	(126,460)	(1,286,805)
Ending balance at Dec. 31, 2019	8,547	1,568,626	295,251		(105,191)	1,587,697	3,354,930	33,263	3,388,193
Net income for the year						1,748,960	1,748,960	136,865	1,885,825
Other comprehensive income (loss)					13,051		13,051	2,058	15,109
Shares issued under LTIPs (note 20(a))	50						50		50
LTIPs (note 20(a))			101,453				101,453		101,453
Share-based payments to Board of directors (Note 29(b))			21,714				21,714		21,714
Distributions to shareholders and non-controlling interest (note 19(d))						(1,800,520)	(1,800,520)	(103,126)	(1,903,646)
Contribution from non-controlling interest (note 27)								44	44
Ending balance at Dec. 31, 2020	8,597	1,568,626	418,418		(92,140)	1,536,137	3,439,638	69,104	3,508,742	[1]
Net income for the year						5,390,677	5,390,677	102,094	5,492,771
Other comprehensive income (loss)					(2,538)		(2,538)	716	(1,822)
Shares issued under LTIPs (note 20(a))	58						58		58
LTIPs (note 20(a))			241,963				241,963		241,963
Tax benefit from LTIPs			12,445				12,445		12,445
Share-based payments to Board of directors (Note 29(b))			21,270				21,270		21,270
Non-controlling interests arising from business combination (Note 8(a))								149,752	149,752
Acquisition of non-controlling interests without a change in control (Note 8(a))						(123,010)	(123,010)	(32,167)	(155,177)
Distributions to shareholders and non-controlling interest (note 19(d))						(2,047,690)	(2,047,690)	(109,932)	(2,157,622)
Treasury shares acquired (note 19(f))				₽ (1,096,357)			(1,096,357)		(1,096,357)
Reclassification of non-controlling interests to liability								(52,679)	(52,679)
Ending balance at Dec. 31, 2021	₽ 8,655	₽ 1,568,626	₽ 694,096	₽ (1,096,357)	₽ (94,678)	₽ 4,756,114	₽ 5,836,456	₽ 126,888	₽ 5,963,344
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
OPERATING ACTIVITIES:
Net income	₽ 5,492,771		₽ 1,885,825		₽ 1,581,026
Adjusted for non-cash items and items not affecting cash flow from operating activities:
Depreciation and amortization	1,066,284		750,558		683,317
Net finance costs	416,471		350,216		526,516
Gain on remeasurement of previously held interest in equity accounted investees	(223,308)		0		0
Net foreign exchange (gain)/ loss	(1,424)		(83,030)		46,508
Write-off of expired other tax risks and related indemnity	(91,452)		0		0
Other non-cash items	4,808		(5,509)		5,690
LTIPs, including social taxes	516,241		262,647		196,993
Share grant to the Board of Directors	21,270		21,714		12,842
Share of loss of equity-accounted investees, net of income tax	17,925		49,181		30,542
Income tax expense	1,374,834		685,772		644,422
Change in trade receivables, prepaid expenses and other current and non-current assets	(138,147)		(19,546)		(90,218)
Change in contract liabilities	1,687,796		343,903		307,388
Change in trade and other payables	642,227		161,742		76,418
Change in provisions	140,351		0		0
Change in other liabilities	26,729		17,300		147,685
Income tax paid	(1,788,020)		(840,021)		(975,655)
Interest paid	(505,976)		(366,179)		(582,420)
Net cash generated from operating activities	8,659,380		3,214,573		2,611,054
INVESTING ACTIVITIES:
Acquisition of subsidiary, net of cash acquired	(556,208)		(3,004,299)		0
Payment of deferred consideration for the acquisition of subsidiary	(233,836)		0		0
Acquisition of equity-accounted investee	(426,998)		0		(234,730)
Acquisition of intangible assets	(114,825)		(77,723)		(97,818)
Acquisition of property and equipment	(151,012)		(178,782)		(381,648)
Loans issued	(73,997)		(19,235)		0
Repayment of loans issued, including related interest	77,000		0		0
Investments in short-term deposits	(300,000)		0		0
Interest received	204,587		52,432		77,079
Net cash used in investing activities	(1,575,289)		(3,227,607)		(637,117)
FINANCING ACTIVITIES:
Acquisition of treasury shares	(1,096,357)		0		0
Bank and other loans received	7,765		4,616,478		0
Non-convertible bonds issued	0		4,000,000		0
Bank loans and other borrowings origination fees paid	(43,615)		(56,668)		0
Bank and other loans repaid	(400,672)		(5,397,895)		(1,325,000)
Payment for lease liabilities	(90,166)		(59,737)		(61,376)
Dividends paid to shareholders	(2,073,893)		(1,885,441)		(1,133,501)
Dividends paid to non-controlling interest	(106,978)		(102,731)		(131,456)
Acquisition of non-controlling interests	(155,177)		0		(2,107)
Contribution from non-controlling interest	0		44		0
Net cash (used in)/ generated from financing activities	(3,959,093)		1,114,050		(2,653,440)
Net increase/(decrease) in cash and cash equivalents	3,124,998		1,101,016		(679,503)
Cash and cash equivalents, beginning of year	3,367,610	[1]	2,089,215		2,861,110
Effect of exchange rate changes on cash	30,620		177,379		(92,392)
Cash and cash equivalents, end of year	₽ 6,523,228		₽ 3,367,610	[1]	₽ 2,089,215
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Reporting entity

Reporting entity	12 Months Ended
	Dec. 31, 2021
Reporting entity
Reporting entity	1. Reporting entity (a) Organization and operations HeadHunter Group PLC (the “Company”), together with its subsidiaries (the “Group”, “We”, “Our”, “Ours”), is Russia’s leading online recruiting website hh.ru. We help employers and job seekers in Russia connect with each other. We also operate in Belarus, Kazakhstan and other countries. The Company’s registered address is 42 Dositheou Street, Strovolos, Nicosia, Cyprus and business address is 9/10 Godovikova str., Moscow, Russia. On May 8, 2019 the Group completed the initial public offering of American Depositary Shares, or ADSs. Each ADS represents one ordinary share of the Group. The Group’s existing shareholders have offered 16,304,348 of the Group’s ADSs in this offering. The initial public offering price was $13.50 per ADS. On May 10, 2019 the underwriters exercised their option to purchase 2,445,652 additional ADSs from the existing shareholders at the public offering price, less the underwriting discount. On July 20, 2020 the Group completed the secondary public offering of 5,000,000 ADSs, each representing one ordinary share of the Group, offered by ELQ Investors VIII Limited, an investment vehicle associated with The Goldman Sachs Group, Inc. at a public offering price of $20.25 per share. On August 13, 2020 the underwriters exercised their option to purchase 510,217 additional ADSs from ELQ Investors VIII Limited at the public offering price, less the underwriting discount. On June 7, 2021 the Group completed the secondary public offering of 4,500,000 ADSs, each representing one ordinary share of the Group, offered by ELQ Investors VIII Limited and Highworld Investments Limited at a public offering price of $37.0 per share. On June 21, 2021 the underwriters exercised their option to purchase 675,000 additional ADSs from ELQ Investors VIII Limited and Highworld Investments Limited at the public offering price, less the underwriting discount. After completion of the initial public offering and secondary public offerings, Highworld Investments Limited and ELQ Investors VIII Limited collectively have 40.61% of the Group’s voting shares. The ADSs are listed on The Nasdaq Global Select Market under the symbol “HHR” and on Moscow Stock Exchange under the symbol “HHRU”. On June 19, 2019 the Group has obtained a Russian tax residency status. As a Russian tax resident, the Group is subject to the Russian Tax Code requirements. (b) Business environment The Group’s operations are primarily located in the Russian Federation. Consequently, the Group is exposed to the economic and financial markets of the Russian Federation, which display the characteristics of an emerging market. The legal, tax and regulatory frameworks continue development, but are subject to varying interpretations and frequent changes which contribute together with other legal and fiscal impediments to the challenges faced by entities operating in the Russian Federation. Starting in 2014, the United States of America, the European Union and some other countries have imposed and expanded economic sanctions against a number of Russian individuals and legal entities. The imposition of the sanctions has led to increased economic uncertainty, including more volatile equity markets, a depreciation of the Russian rouble, a reduction in both local and foreign direct investment inflows and a significant tightening in the availability of credit. As a result, some Russian entities may experience difficulties accessing the international equity and debt markets and may become increasingly dependent on state support for their operations. The longer-term effects of the imposed and possible additional sanctions are difficult to determine. In recent months, following the commencement of military operations in Ukraine by the Russian Federation, additional severe sanctions were imposed by the United States of America, the European Union and some other countries on the Russian government, as well as major financial institutions and certain other entities and individuals in Russia. Please see Note 31. These consolidated financial statements reflect management’s assessment of the impact of the Russian business environment on the operations and the financial position of the Group. The future business environment may differ from management’s assessment. (c) The COVID-19 pandemic From the second quarter of 2021 through the end of 2021, as economy recovered from the COVID-related restrictions of 2020, we saw increase in demand for the candidates on the back of lagging candidate activity. This drives the increase in the number of paying customers on our platform and the increase in the average consumption per customer and may be a temporary effect. We have not seen a specific impact of COVID-19 on our financial position as at December 31, 2021. Recent developments in the first quarter of 2022, as of the date of this Annual Report, also do not indicate specific impact of COVID-19 on our financial position. Our financial position, results and liquidity may be affected in the future by any further adverse developments related to COVID-19.

Basis of accounting

Basis of accounting	12 Months Ended
	Dec. 31, 2021
Basis of accounting
Basis of accounting	2. Basis of accounting (a) Basis of presentation The Company was incorporated on May 28, 2014 as an investment vehicle of investment funds affiliated with Elbrus Capital Private Equity Fund and Goldman Sachs ESSG. On February 24, 2016 (the “Acquisition Date”) the Company acquired 100% ownership interest in Headhunter FSU Limited, collectively with its subsidiaries referred to as “HeadHunter”, from Mail.Ru Group Limited (LSE: MAIL) (the “Acquisition”). The Company had no material operations before the Acquisition Date and has succeeded to substantially all of the business of HeadHunter after the Acquisition. The Acquisition was accounted for as a business combination using the acquisition method of accounting. (b) Statement of compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as adopted by the International Accounting Standards Board (“IASB”). These consolidated financial statements have not been prepared for the purpose of satisfying the statutory filing requirements of the Company. (c) Going concern The financial position of the Group, its cash flows, liquidity position and credit facilities are described in the primary statements and notes of these consolidated financial statements, including Note 21 in relation to the long-term loans and borrowings obtained by the Group in order to finance business combinations. In addition, Note 26 includes the Group’s policies for managing its liquidity risk. Despite the latest geopolitical developments, management reasonably assumes that the Group has adequate resources to continue its operations without significant disruptions for the foreseeable future, which is at least 12 months from the date when these consolidated financial statements were authorized for issue. Accordingly, they are satisfied that the consolidated financial statements should be prepared on a going concern basis. Please see also Notes 1(b), 1(c), 31. Management believes that there are no material uncertainties regarding going concern.

Functional and presentation cur

Functional and presentation currency	12 Months Ended
	Dec. 31, 2021
Functional and presentation currency
Functional and presentation currency	3. Functional and presentation currency These consolidated financial statements are presented in Russian Roubles (“RUB”), which is the Company’s functional and presentation currency. Financial information presented in RUB has been rounded to the nearest thousand, except when otherwise indicated.

Changes in significant accounti

Changes in significant accounting policies	12 Months Ended
	Dec. 31, 2021
Changes in significant accounting policies
Changes in significant accounting policies	4. Changes in significant accounting policies Changes applicable from January 1, 2021 The following new amendments are effective from January 1, 2021 but they do not have an effect on the Group’s financial statements: “COVID-19-Related Rent Concessions” - Amendment to IFRS 16; “ Interest Rate Benchmark Reform - Phase 2” - Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16. Changes applicable from January 1, 2020 The Group applied Definition of a Business (Amendments to IFRS 3) A number of other amendments to standards are effective from January 1, 2020 but they do not have a material effect on the Group’s financial statements . ​

Significant accounting policies

Significant accounting policies	12 Months Ended
	Dec. 31, 2021
Significant accounting policies
Significant accounting policies	5. Significant accounting policies The accounting policies have been applied consistently throughout the periods presented in these consolidated financial statements. (a) Basis of consolidation (i) Business combinations Business combinations are accounted for using the acquisition method as at the acquisition date, which is the date on which control is transferred to the Group (see (iii) below). The Group measures goodwill at the acquisition date as: ● the fair value of the consideration transferred; plus ● the recognized amount of any non-controlling interests in the acquiree; plus ● if the business combination is achieved in stages, the fair value of the pre-existing equity interest in the acquire; less ● the net recognized amount (generally fair value) of the identifiable assets acquired and liabilities assumed. Transaction costs, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination are expensed as incurred. Any contingent consideration is measured at fair value at the date of acquisition. If an obligation to pay contingent consideration that meets the definition of a financial instrument is classified as equity, then it is not remeasured and settlement is accounted for within equity. Otherwise, other contingent consideration is remeasured at fair value at each reporting date and subsequent changes in the fair value of the contingent consideration are recognized in profit or loss. (ii) Non-controlling interests (NCI) Non-controlling interests are measured at their proportionate share of the acquiree’s identifiable net assets at the acquisition date. If, however, the LLC subsidiary’s charter provides exit rights for its participants, then the participants interests classified as liability to NCI. All changes in liability to NCI are recognized in the profit and loss. Change in the Group’s interest in a subsidiary that do not result in a loss of control is accounted for as equity transaction. (iii) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. The accounting policies of subsidiaries have been changed when necessary to align them with the policies adopted by the Group. (iv) Loss of control Upon the loss of control, the Group derecognises the assets and liabilities of the subsidiary, any non-controlling interests and the other components of equity related to the subsidiary. Any surplus or deficit arising on the loss of control is recognized in profit or loss. If the Group retains any interest in the previous subsidiary, then such interest is measured at fair value at the date that control is lost. Subsequently it is accounted for as an equity-accounted investee or in accordance with IFRS 9 depending on the level of influence retained. (v) Interests in equity-accounted investees The Group’s interests in equity-accounted investees comprise interests in associates. Associates are those entities in which the Group has significant influence, but not control or joint control, over the financial and operating policies. Interests in associates are accounted for using the equity method. They are initially recognized at cost, which includes transaction costs. At the date of acquisition, any excess of the cost of acquisition over the Group’s share of the net fair value of the identifiable assets, liabilities and contingent liabilities of the associate is recognized as goodwill. The goodwill is included within the carrying amount of the investment. Subsequent to initial recognition, the consolidated financial statements include the Group’s share of profit or loss and other comprehensive income (“OCI”) of equity-accounted investees, after adjustments to align the accounting policies with those of the Group, until the date on which significant influence ceases. Our investments in associate are generally designated as separate cash-generating unites (“CGUs”). The recoverable amount of these CGUs is determined based on a value in use calculation using appropriate financial models. (vi) Transactions eliminated on consolidation Intra-group balances and transactions, and any unrealised income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealised gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent that there is no evidence of impairment. (b) Foreign currency (i) Foreign currency transactions Transactions in foreign currencies are translated to the respective functional currencies of Group entities at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated to the functional currency at the exchange rate at that date. The foreign currency gain or loss on monetary items is the difference between amortised cost in the functional currency at the beginning of the period, adjusted for effective interest and payments during the period, and the amortised cost in foreign currency translated at the exchange rate at the end of the reporting period. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are retranslated to the functional currency at the exchange rate at the date that the fair value was determined. Foreign currency differences arising in retranslation are recognized in profit or loss. (ii) Foreign operations The assets and liabilities of foreign operations, including goodwill and fair value adjustments arising on acquisition, are translated to RUB at the exchange rates at the reporting date. The income and expenses of foreign operations are translated to RUB at monthly average exchange rates. Foreign currency differences are recognized in other comprehensive income, and presented in the foreign currency translation reserve in equity. However, if the operation is a non-wholly owned subsidiary, then the relevant proportionate share of the foreign currency translation difference is allocated to non-controlling interests. When a foreign operation is disposed of, in part or in full, the relevant amount in the foreign currency translation reserve is transferred to profit or loss as part of the profit or loss on disposal. Foreign exchange gains and losses arising from a monetary item receivable from or payable to a foreign operation, the settlement of which is neither planned nor likely in the foreseeable future, are considered to form part of a net investment in a foreign operation and are recognized in other comprehensive income, and are presented within equity in the foreign currency translation reserve. (c) Financial instruments (i) Recognition and initial measurement Trade receivables and debt securities issued are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at fair value through profit or loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. (ii) Classification and subsequent measurement Financial assets On initial recognition, a financial asset is classified as measured at: amortised cost; fair value through other comprehensive income (FVOCI) – debt investment; FVOCI – equity investment; or fair value through profit or loss (FVTPL). Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL: ● it is held within a business model whose objective is to hold assets to collect contractual cash flows; and ● its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL: ● it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and ● its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. On initial recognition of an equity investment that is not held for trading, the Group may irrevocably elect to present subsequent changes in the investment’s fair value in OCI. This election is made on an investment-by-investment basis. All financial assets not classified as measured at amortised cost or FVOCI as described above are measured at FVTPL. On initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortised cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. The financial assets of the Group comprise trade and other receivables and cash and cash equivalents, which are classified as measured at amortized cost. Cash and cash equivalents comprise cash balances and call deposits. These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss. Financial liabilities Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. The Group has not designated any financial liabilities at FVTPL and it has no current intention to do so. (iii) Derecognition and modification The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. Any interest in transferred financial assets that is created or retained by the Group is recognized as a separate asset or liability. The Group derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different. In this case, a new financial liability based on the modified terms is recognised at fair value. The difference between the carrying amount of the financial liability extinguished and the new financial liability with modified terms is recognised in profit or loss. If a modification (or exchange) does not result in the derecognition of the financial liability the Group applies accounting policy consistent with the requirements for adjusting the gross carrying amount of a financial asset when a modification does not result in the derecognition of the financial asset, i.e. the Group recognises any adjustment to the amortised cost of the financial liability arising from such a modification (or exchange) in profit or loss at the date of the modification (or exchange). The Group performs a quantitative and qualitative evaluation of whether the modification is substantial considering qualitative factors, quantitative factors and combined effect of qualitative and quantitative factors. The Group concludes that the modification is substantial as a result of the following qualitative factors: ● change the currency of the financial liability; ● change in collateral or other credit enhancement; ● inclusion of conversion option; ● change in the subordination of the financial liability. For the quantitative assessment the terms are substantially different if the discounted present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective interest rate, is at least 10 per cent different from the discounted present value of the remaining cash flows of the original financial liability. If an exchange of debt instruments or modification of terms is accounted for as an extinguishment, any costs or fees incurred are recognised as part of the gain or loss on the extinguishment. If the exchange or modification is not accounted for as an extinguishment, any costs or fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. Changes in cash flows on existing financial assets or financial liabilities are not considered as modification, if they result from existing contractual terms, e.g. changes in interest rates effectively initiated by the Group due to changes in the Central Bank of Russia key rate, if the loan contract entitles the Group to prepay the loan without significant penalty. (iv) Offsetting Financial assets and liabilities are offset and the net amount presented in the consolidated statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the recognized amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously. The Group currently has a legally enforceable right to set off if that right is not contingent on a future event and enforceable both in the normal course of business and in the event of default, insolvency or bankruptcy of the Group and all counterparties. (d) Share capital Ordinary shares Ordinary shares are classified as equity. Incremental costs directly attributable to issue of ordinary shares and share options are recognized as a deduction from equity, net of any tax effects. Dividends Dividends are recognized as a liability in the period in which they are declared. Repurchase and reissue of ordinary shares (treasury shares) When shares recognised as equity are repurchased, the amount of the consideration paid, which includes directly attributable costs, is recognised as a deduction from equity. Repurchased shares are classified as treasury shares and are presented within category “Treasury shares” in the consolidated statements of changes in equity. When treasury shares are sold or reissued subsequently, the amount received is recognised as an increase in “Treasury shares” and the resulting surplus or deficit on the transaction is presented within “Share premium”. (e) Property and equipment (i) Recognition and measurement Items of property and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the asset. Purchased software that is integral to the functionality of the related equipment is capitalised as part of that equipment. When parts of an item of property and equipment have different useful lives, they are accounted for as separate items (major components) of property and equipment. Gains and losses on disposal of an item of property and equipment are determined by comparing the proceeds from disposal with the carrying amount of property and equipment, and are recognized net within ‘Operating costs and expenses (exclusive of depreciation and amortization)’ in profit or loss. (ii) Subsequent costs The cost of replacing part of an item of property and equipment is recognized in the carrying amount of the item if it is probable that the future economic benefits embodied within the part will flow to the Group and its cost can be measured reliably. The carrying amount of the replaced part is derecognized. The costs of the day-to-day servicing of property and equipment are recognized in profit or loss as incurred. (iii) Depreciation Depreciation is calculated over the depreciable amount, which is the cost of an asset, or other amount substituted for cost, less its residual value. Depreciation is recognized in profit or loss on a straight-line basis over the estimated useful lives of each part of an item of property and equipment, since this most closely reflects the expected pattern of consumption of the future economic benefits embodied in the asset. The estimated useful lives for the current and comparative periods are as follows: ​ ● 2-5 years ​ ​ ​ ● 2-5 years ​ ​ ​ ● 2-5 years ​ ​ ​ ● 3-5 years (the shorter of five years or the remaining period of the lease term) ​ ​ ​ ● 1-3 years ​ Depreciation methods, useful lives and residual values are reviewed at each financial year end and adjusted if appropriate. (f) Intangible assets (i) Goodwill Goodwill that arises on the acquisition of subsidiaries is included in intangible assets. For measurement of goodwill, see Note 15. Subsequent measurement Goodwill is measured at cost less accumulated impairment losses. (ii) Intangible assets assumed in business combination Identifiable intangible assets assumed in a business combination are initially recognized at fair value and subsequently measured at initially recognized amount less accumulated amortization and accumulated impairment losses. Such assets include, but are not limited to: brand name “hh.ru” (registered on March 11, 2011 with certificate № 431008), brand name “zarplata.ru” since 2020 (see Note 8) (registered on January 19, 2017 with certificate #602175), brand name “skillaz” since 2021 (see Note 8) (registered on February 15, 2021 with certificate #797909), web-sites, software “skillaz”, CV databases, and non-contractual customer relationships. (iii) Research and development Expenditures on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and understanding, are recognized in profit or loss as incurred. Development activities involve a plan or design for the production of new or substantially improved products and processes. Development expenditures are capitalised only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. The capitalised expenditures include direct labour and overhead costs that are directly attributable to preparing the asset for its intended use. Other development expenditures are recognized in the profit or loss as incurred. Subsequent to initial recognition, capitalised development expenditures are measured at cost less accumulated amortization and accumulated impairment losses. In accordance with the policies above, the Group has capitalised expenditures related to development of the Group’s website software. (iv) Other intangible assets Other intangible assets that are acquired by the Group, which have finite useful lives, are measured at cost less accumulated amortization and accumulated impairment losses. (v) Subsequent expenditures Subsequent expenditures are capitalised only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditures, including expenditures on internally generated goodwill and brands, are recognized in the profit or loss as incurred. (vi) Amortization Amortization is calculated over the cost of the asset, or other amount substituted for cost, less its residual value. Amortization is recognized in profit or loss on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use since this most closely reflects the expected pattern of consumption of future economic benefits embodied in the asset. The estimated useful lives for the current and comparative periods are as follows: ​ ● 2-10 years ​ ​ ​ ● 5-10 years ​ ​ ​ ● 10 years ​ ​ ​ ● 5-10 years ​ ​ ​ ● 3 years ​ ​ ​ ● ​ 5 years ​ ​ ​ ● 1-3 years ​ Amortization methods, useful lives and residual values are reviewed at each financial year end and adjusted if appropriate. (g) Impairment (i) Financial assets The Group recognises loss allowances for expected credit losses (ECLs) on financial assets measured at amortised cost. The Group measures loss allowances at an amount equal to lifetime ECLs, except for the following, which are measured at 12-month ECLs: ● bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not increased significantly since initial recognition. Loss allowance for trade receivables is always measured at an amount equal to lifetime ECLs. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group’s historical experience and informed credit assessment and including forward-looking information. The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. 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 realising security (if any is held); or ● the financial asset is more than 90 days past due. The Group considers a debt security to have low credit risk when its credit risk rating is equivalent to the globally understood definition of ‘investment grade’. Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk. Measurement of ECLs ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the entity in accordance with the contract and the cash flows that the Group expects to receive). ECLs are discounted at the effective interest rate of the financial asset. Credit-impaired financial assets At each reporting date, the Group assesses whether financial assets carried at amortised cost are credit-impaired. A financial asset is ‘credit-impaired’ when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred. Evidence that a financial asset is credit-impaired includes the following observable data: ● significant financial difficulty of the borrower or issuer; ● a breach of contract such as a default or being more than 90 days past due; ● the restructuring of a loan or advance by the Group on terms that the Group would not consider otherwise; ● it is probable that the borrower will enter bankruptcy or other financial reorganisation; or ● the disappearance of an active market for a security because of financial difficulties. Presentation of allowance for ECL in the consolidated statement of financial position Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets. Write-off The gross carrying amount of a financial asset is written off when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. (ii) Non-financial assets The carrying amounts of the Group’s non-financial assets, other than inventories and deferred tax assets are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. For goodwill and intangible assets that have indefinite lives or that are not yet available for use, the recoverable amount is estimated annually or when events occur or circumstances change that would indicate the carrying value exceeds the recoverable amount. The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their 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 asset. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the “cash-generating unit”, “CGU”). For the purposes of goodwill impairment testing, goodwill acquired in a business combination is allocated to the group of CGU that is expected to benefit from the synergies of the combination. This allocation is subject to an operating segment ceiling test and reflects the lowest level at which that goodwill is monitored for internal reporting purposes. The Group’s corporate assets do not generate separate cash inflows. If there is an indication that a corporate asset may be impaired, then the recoverable amount is determined for the CGU to which the corporate asset belongs. An impairment loss is recognized if the carrying amount of an asset or its CGU exceeds its recoverable amount. Impairment losses are recognized in profit or loss. Impairment losses recognized in respect of CGU are allocated first to reduce the carrying amount of any goodwill allocated to the units and then to reduce the carrying amount of the other assets in the unit (group of units) on a pro rata basis. An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. (h) Leases At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Group uses the definition of a lease in IFRS 16. At commencement or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of its relative stand-alone prices. The Group recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received. The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the Group by the end of the lease term or the cost of the right-of-use asset reflects that the Group will exericise the purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability. 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 interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate. The Group determines its incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain adjustments to reflect the terms of the lease and type of the asset leased. Lease payments included in the measurement of the lease liability comprise the following: ● fixed payments, including in-substance fixed payments; ● variable lease payments that depend on an index or rate, initially measured using the index or rate as at the commencement date; ● amounts expected to be payable under a residual value guarantee; and ● the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension period, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early. The lease liability is measured at amortised cost using the effective interest method. It 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, if the Group changes its assessment of whether it will exercise purchase, extension or termination option or if there is a revised in-substance fixed lease payments. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero. The Group presents right-of use assets and lease liabilities in separate lines in the consolidated statement of financial position. The Group has applied judgement to determine the lease term for some lease contracts in which it is a lessee and which include renewal options. The Group considers the broader economics of the contract, not only contractual termination payments. If either party has an economic incentive not to terminate the lease such that it would incur a penalty on termination that is more than insignificant, the contract is enforceable beyond the date on which the contract can be terminated. Due to the nature of leased assets and considering the useful life of leasehold improvements the Group analyzed contract arrangements and their economics and has not identified any special termination policies, incentives or renewal options that should impact the lease term. The assessment of whether the Group is reasonably certain to exercise such options impact

Use of estimates and judgments

Use of estimates and judgments	12 Months Ended
	Dec. 31, 2021
Use of estimates and judgments
Use of estimates and judgments	6. Use of estimates and judgments The preparation of consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from those estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Information about areas of estimation uncertainty and judgments in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements is included in the notes stated below. (a) Key areas of estimation uncertainty and critical judgments: ● Note 15 “Intangible assets and goodwill” - goodwill impairment; ● Note 31 “Subsequent events” – going concern assessment. (b) Other areas of estimation uncertainty and judgments: ● Note 8 “Business combination” – fair values of intangible assets and their estimated useful lives; ● Note 20 “Long-term Incentive Plans (LTIPs)” - grants under new “2021 RSU Plan”; ● Note 5(j) “Revenue” - recognition and measurement of revenue; ● Note 13 “Income taxes”, Note 28 “Contingencies” – provisions for income tax and tax contingencies; ● Note 16 “Equity-accounted investees” – impairment of investment in associate and determining the fair value of the option contracts; ● Note 25 “Provision” – provision for taxes, other than income tax. Measurement of fair values A number of the Group’s accounting policies and disclosures require the measurement of fair values, for both financial and non-financial assets and liabilities. When measuring the fair value of an asset or a liability, the Group uses market observable data as far as possible. Fair values are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows: ● Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities. ● Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). ● Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs). If the inputs used to measure the fair value of an asset or a liability might be categorized in different levels of the fair value hierarchy, then the fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement. The Group recognizes transfers between levels of the fair value hierarchy at the end of the reporting period during which the change has occurred.

Operating segments

Operating segments	12 Months Ended
	Dec. 31, 2021
Operating segments
Operating segments	7. Operating segments (a) Basis for segmentation The chief operating decision-maker (CODM) of the Group is the Board of Directors and the Chief Executive Officer. The CODM reviews the Group’s internal reporting in order to assess performance and allocate resources. Management has determined the operating segments based on these reports. The Group’s operating segments are based on the geography of the Group’s operations or other subdivisions as presented in internal reporting to the CODM. In December 2020, we acquired 100% share in LLC “Zarplata.ru”, a job classified platform with a strong footprint in certain Russian regions, such as Siberia and the Urals. In March 2021, the Group obtained control over LLC “Skillaz”, a Russian HR technology company which automates and enhances recruitment processes by delivering sophisticated and flexible software as a service (“SaaS”) solutions (“Skillaz”). Before the acquisitions, our operating segments were “Russia”, “Belarus”, “Kazakhstan” and “Other Countries”. After the acquisitions, we further subdivided our operations in Russia into “Russia (hh.ru)” segment, representing all operations of our “Russia” segment before the acquisition, and “Russia (Zarplata.ru)” segment, representing operations by LLC “Zarplata.ru”, and added the “Skillaz” segment, representing operations by LLC “Skillaz”. Thus, our operating segments after the acquisitions are “Russia (hh.ru)”, “Russia (Zarplata.ru)”, “Belarus”, “Kazakhstan”, “Other Countries”, and “Skillaz”. As each operating segment other than “Russia (hh.ru)” individually comprises less than 10% of revenue, for reporting purposes we combine all operating segments other than “Russia (hh.ru)” into “Other segments” category. As financial results of LLC “Zarplata.ru” for the period from the acquisition date to December 31, 2020 were not material, they are not included in the consolidated statement of income and comprehensive income and in the ‘Operating segments’ note for the year ended December 31, 2020. (b) Information about reportable segments The CODM assesses the performance of the operating segments based on a measure of Segment Revenue and Segment Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) (non-IFRS measure). Information related to each reportable segment is set out below. The Group does not report total assets or total liabilities based on its operating segments. Goodwill is allocated to reportable segments as described in Note 15. Intangible assets other than goodwill are allocated primarily to the “Russia(hh.ru)” and Other (in the part of Skillaz CGU and Zarplata.ru CGU - see Note 8) reportable segments. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2021 ​ Russia Other Total ​ ​ ​ ​ ​ (hh.ru) ​ segments ​ segments ​ Unallocated ​ Eliminations ​ Total External revenue 13,891,375 2,076,658 15,968,033 — — 15,968,033 Inter-segment revenue 21,670 60,312 81,982 — (81,982) — External expenses (5,547,518) (1,441,886) (6,989,404) (318,289) — (7,307,693) Inter-segment expenses (59,878) (21,224) (81,102) — 81,102 — Segment EBITDA 8,305,649 673,860 8,979,509 (318,289) (880) 8,660,340 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2020 ​ ​ Russia ​ Other ​ Total ​ ​ ​ ​ ​ ​ ​ (hh.ru) segments segments Unallocated Eliminations Total External revenue 7,724,264 557,843 8,282,107 — — 8,282,107 Inter-segment revenue 3,981 9,587 13,568 — (13,568) — External expenses (3,726,803) (170,367) (3,897,170) (272,412) — (4,169,582) Inter-segment expenses (10,513) (539) (11,052) — 11,052 — Segment EBITDA 3,990,929 396,524 4,387,453 (272,412) (2,516) 4,112,525 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2019 ​ Russia Other Total ​ ​ ​ ​ ​ (hh.ru) ​ segments ​ segments ​ Unallocated ​ Eliminations ​ Total External revenue 7,211,762 576,979 7,788,741 — — 7,788,741 Inter-segment revenue 252 10,692 10,944 — (10,944) — External expenses (3,480,172) (202,636) (3,682,808) (94,072) — (3,776,880) Inter-segment expenses (10,806) (378) (11,184) — 11,184 — Segment EBITDA 3,721,036 384,657 4,105,693 (94,072) 240 4,011,861 ​ (c) Reconciliation of information on reportable segments to IFRS measures Reconciliation of consolidated profit before income tax to Segment EBITDA of the Group is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 2019 Consolidated profit before income tax 6,867,605 2,571,597 2,225,448 Adjusted for: ​ ​ ​ Depreciation and amortization 1,066,284 750,558 683,317 Net finance costs ​ 416,471 ​ 350,216 ​ 526,516 Gain on remeasurement of previously held interest in equity accounted investees (Note 8(a)) (223,308) — — Net foreign exchange (gain) /loss (1,424) (83,030) 46,508 IPO-related costs — — 190,284 SPO-related costs ​ 74,443 ​ 122,940 ​ — Costs related to business combinations ​ 23,083 ​ 51,665 ​ — Insurance cover related to IPO — 54,772 100,048 LTIPs (Note 20) 516,241 262,646 196,993 Grant of shares to Board of Directors (including social taxes) (Note 29(b)) 24,654 23,597 15,025 Share of loss of equity-accounted investees (net of income tax) (Note 16) 17,925 49,181 30,542 One-off litigation settlements and legal costs — — 17,734 Other financing and transactional costs 28,044 — 1,541 Income from depositary (Note 24) (58,226) (41,617) (22,095) Write-off of expired tax risks and related indemnity ​ (91,452) ​ — ​ — Segment EBITDA (as presented to the CODM) 8,660,340 4,112,525 4,011,861 ​ Reconciliation of consolidated operating costs and expenses (exclusive of depreciation and amortization) to Segment External expenses of the Group is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 2019 Consolidated operating costs and expenses (exclusive of depreciation and amortization) 7,949,215 4,691,300 4,300,263 Adjusted for: ​ ​ ​ IPO-related costs — — (190,284) Insurance cover related to IPO — (54,772) (100,048) SPO-related costs ​ (74,443) ​ (122,940) ​ — Costs related to business combinations ​ (23,083) ​ (51,665) ​ — LTIPs (Note 20) (516,241) (262,646) (196,993) Grant of shares to the Board of Directors (including social taxes) (Note 29(b)) (24,654) (23,597) (15,025) One-off litigation settlements and legal costs — — (17,734) Other financing and transactional costs (28,044) — (1,541) Changes in put liability to non-controlling participants in subsidiary ​ 32,467 ​ — ​ — Other (7,524) (6,098) (1,758) Segment External expenses (as presented to the CODM) 7,307,693 4,169,582 3,776,880 ​ (d) Geographical information The geographical information below analyses the Group’s revenue by country of domicile of a customer, including the Group’s principal country of operations and in all foreign countries. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 2019 Russia 14,965,091 7,663,785 7,170,042 All foreign countries, including: 1,002,942 618,322 618,699 Belarus 459,289 301,208 343,964 Kazakhstan 443,557 256,564 232,990 Other countries 100,096 60,550 41,745 ​ 15,968,033 8,282,107 7,788,741 ​ ​ (e) Major customers In all reporting periods no customer represented 10% or more of the Group’s total revenue.

Business combination

Business combination	12 Months Ended
	Dec. 31, 2021
Business combination
Business combination	8. Business combination (a) LLC “Skillaz” As at December 31, 2020 the Group had 25.01% ownership interest and option contracts to purchase an additional 40.01% ownership interest in LLC “Skillaz”, a Russian HR technology company which automates routine recruitment processes by implementing complex built-to-suit integration projects (“Skillaz”). As of March 31, 2021, based on performance of Skillaz in the first quarter of 2021, its business plan and the resulting projected future cash flows, the exercise of the call options became beneficial for the Group. Given that the Group was exposed to variable returns from its involvement with the investee, as well as had the ability to use its power over the investee to affect the amount of those returns via potential substantive rights, the Group determined that it had obtained control over Skillaz as at March 31, 2021. Accordingly, the Group ceased to account for its investment in Skillaz under the equity method and consolidated Skillaz as a subsidiary since March 31, 2021. For the purposes of the below disclosures the “acquisition date” is March 31, 2021. On May 25, 2021 Board of Directors approved the exercise of the option contracts. On May 26, 2021 the option contracts were exercised. The Group’s previously held interest in Skillaz was measured at fair value as at the acquisition date, and the corresponding gain of 223,308 was recognized in the “Gain on remeasurement of previously held interest in equity accounted investees” line in the consolidated statement of income and comprehensive income for the year ended December 31, 2021. Movement in the Group’s previously held interest in Skillaz: ​ ​ ​ ​ Previously held interest at the equity method as at December 31, 2020 129,666 Share of loss of equity-accounted investees (net of income tax) (4,864) Previously held interest at the equity method at control acquisition date 124,802 Fair value of previously held interest at control acquisition date 348,110 Gain on remeasurement of previously held interest at the fair value 223,308 ​ Consideration transferred The following table summarises the acquisition date fair value of each major class of consideration transferred: ​ ​ ​ ​ ​ ​ Cash consideration paid ​ 622,732 The control acquisition date fair value of the Group’s previously held interest 348,110 Financial assets at fair value through profit or loss 59,999 Total consideration transferred 1,030,841 ​ Cash outflow related to the acquisition for the year ended December 31, 2021 was as follows: ​ ​ ​ ​ Cash consideration transferred (622,732) Cash acquired 66,524 Net cash outflow on acquisition (556,208) ​ The fair value of the call option was 59,999 at acquisition date (as of December 31, 2020 - 25,491). The corresponding gain of 34,508 is included within “Finance income” in the consolidated statement of income and comprehensive income for the year ended December 31, 2021 (see Note 12(a)). Key assumptions used in the Black Scholes Merton (“BSM”) pricing model were as follows: a) as at December 31, 2020: expected volatility - 38%, risk-free interest rate - 3.9% b) at control acquisition date: expected volatility - 38%, risk-free interest rate - 4.8% Identifiable assets acquired and liabilities assumed As of December 31, 2021 the Group finalised purchase price allocation for Skillaz acquisition. The fair values of the identifiable assets and liabilities as at the date of control acquisition were as follows: ​ ​ ​ ​ Assets Intangible assets 609,420 Property and equipment 3,436 Trade and other receivables 3,223 Prepaid expenses and other current assets 3,555 Loans issued ​ 3,224 Cash and cash equivalents 66,524 ​ 689,382 Contract liabilities (non-current) 134,004 Contract liabilities (current) ​ 36,908 Trade and other payables 40,362 Loans and borrowings ​ 50,000 ​ 261,274 Total net assets 428,108 The amount of non-controlling interest measured at the proportionate share of the identifiable net assets ​ (149,752) Goodwill arising on acquisition ​ 752,485 Purchase consideration 1,030,841 ​ Goodwill is mainly attributable to the potential of Skillaz to further enhance its position in the Applicants Tracking Systems market, as well as prospects of potential synergies expected to arise in the future and are not separately recognised. Goodwill is equal to the difference between fair value of net assets acquired in the business combination excluding the amount of non-controlling interest measured at the proportionate share of the identifiable net assets and the purchase consideration transferred. Goodwill is allocated predominantly to Skillaz CGU. Goodwill is not expected to be deductible for income tax purposes. The recoverable amount of Skillaz CGU represented its fair value less costs of disposal on the basis of company valuation performed by external appraisers as part of the acquisition accounting (Level 3) as at acquisition date. The key assumptions used in the fair value estimation represented management’s assessment of future trends in CGU’s business and were based on the relevant external and internal historical data. Cash flows were projected based on past experience, actual operating results and the CGU’s five-year business plan and based on the following key assumptions: revenue annual average growth rate, terminal growth rate and discount rate. The pre-tax discount rate applied to the cash flow projections is 21.3%, the terminal growth rate for the free cash flows is 2.5% and the average annual revenue growth rate in the five-year period is 45.7%. When estimating the fair value of previously held interest in Skillaz as at acquisition date, discount fоr the lack of control of 12.8% was applied to the company valuation. The Group determined the fair value of Skillaz’s software, non-contractual customer relationships and other intangible assets and recognized them as intangible assets of 609,420. Skillaz applies a tax exemption under Russian tax legislation which is expected to be in force during the useful lives of all net assets identified. Therefore, no deferred tax liability is assumed on the difference between the fair value and the tax base of the intangible assets identified. The fair value of the trade and other receivables is 3,223. The gross amount of trade receivables is 8,004 and bad debt provision is recognized of 4,781. Measurement of fair values The fair values of the material assets acquired have been calculated using the following valuation techniques (Level 3 of fair value hierarchy): Assets acquired Valuation technique Developed software ​ Multi-period excess earnings method: Non-contractual customer relationships ​ Multi-period excess earnings method ​ The Group exercised significant judgments in the accounting for the business combination. The most significant judgments related to the determination of fair values of intangible assets and their estimated useful lives. In determining the fair values of the intangible assets management made assumptions on the timing and the amounts of the Skillaz’ future cash flows, applicable growth rates and discount factors. For the period from March 31, 2021 till December 31, 2021 Skillaz contributed revenue of RUB 255 million and net loss before tax of RUB 200 million of the Group’s results. If the combination had occurred on January 1, 2021, revenue from continuing operations of the Group for the year ended December 31, 2021 would have been approximately RUB 16,039 million and profit before tax from continuing operations for the Group would have been approximately RUB 6,821 million. In determining these amounts, management assumed that the fair value adjustments, that arose on the date of acquisition, would have been the same if the acquisition had occurred on January 1, 2021. Acquisition of additional interest in Skillaz On June 28, 2021 the Group increased its share in Skillaz by 9.97% to 74.99% for total cash consideration of 155,177. The difference between the amount by which the non-controlling interests are adjusted, and the fair value of the consideration paid of 123,010 was reflected in the retained earnings attributable to the owners of the Group in the consolidated statement of changes in equity for the year ended December 31, 2021. (b) LLC “Zarplata.ru” On December 25, 2020, the Group acquired 100% of the issued charter capital and voting interests of LLC Zarplata.ru (“Zarplata”) from Hearst Shkulev Digital Regional Network B.V. Zarplata is a job classified platform operating in certain Russian regions, such as Siberia and the Urals. It was formed by consolidating local city portals, which has created high local brand recognition and means that Zarplata has a significant share of organic traffic. The net assets of Zarplata recognised in the consolidated financial statements for the year ended December 31, 2020 were based on a provisional assessment of their fair value. During the year ended December 31, 2021 the Group finalised the purchase price allocation for acquisition of Zarplata. Management has engaged independent experts to assist the Group in its determination of the final fair values of the assets acquired. As a result, the valuation of the non-contractual customer relationships was updated and the acquisition date fair value of non-contractual customer relationships was 528,772, a decrease of 53,694 over the provisional value. The calculation of the tax base of acquired intangible assets was updated, which resulted in a decrease in the deferred tax liability of 47,818. There was also a corresponding increase in goodwill of 5,876, resulting in 2,918,486 of total goodwill arising on the acquisition. The 2020 comparative information was revised to reflect the adjustment to the provisional amounts. The decreased amortisation charge on the non-contractual customer relationships from the date of acquisition to December 31, 2020 was not material. The final fair values of the identifiable assets and liabilities of Zarplata at the date of acquisition were as follows: ​ ​ ​ ​ ​ Fair values Assets ​ ​ Intangible assets 1,094,227 Property and equipment 10,601 Deferred tax assets 8,420 Trade and other receivables 6,746 Indemnification asset 186,473 Prepaid expenses and other current assets 42,125 Cash and cash equivalents 95,701 ​ 1,444,293 Liabilities Contract liabilities 74,731 Trade and other payables 27,210 Income tax payable 86,695 Provisions 488,646 Deferred tax liability 180,791 ​ 858,073 Goodwill 2,918,486 Purchase consideration 3,504,706 ​ The goodwill represents potential of Zarplata to further enhance its position in Russian regions, as well as the value of any synergies expected to arise in the future that are not separately recognised. Goodwill is equal to the difference between fair value of net assets acquired in the business acquisition and the purchase consideration transferred. Goodwill is allocated predominantly to Zarplata CGU. Goodwill recognised is not expected to be deductible for income tax purposes. The Group incurred acquisition-related costs of 51,665 presented by external legal fees and due diligence costs. These costs were included in ‘Operating costs and expenses (exclusive of depreciation and amortization)’ in the consolidated statement of income and comprehensive income for the year ended December 31, 2020. Consideration transferred ​ ​ ​ ​ Cash paid 3,100,000 Contingent consideration payable ​ 404,706 Total consideration transferred 3,504,706 ​ Cash outflow related to the acquisition for the year ended December 31, 2020 was as follows: ​ ​ ​ ​ Cash consideration transferred (3,100,000) Cash acquired 95,701 Net cash outflow on acquisition (3,004,299) ​ Contingent consideration payable as at acquisition date consists of (a) 216,764 payable subject to customary closing conditions, and (b) 187,942 payable over 4-year period subject to certain historical tax risks identified in Zarplata not being realised. To determine the fair value of the consideration stipulated in item (b), we discounted future cash flows over the 4-year period. The fair value of the consideration payable stipulated in item (b) as at acquisition date is 187,942. The undiscounted value of the consideration payable stipulated in item (b) as at acquisition date is 203,796. The customary closing conditions were fulfilled and the payment of 216,764, which is stipulated in item (a), was settled as of March 31, 2021. Also the payment of 17,000, which is included in the consideration stipulated in item (b), was settled in February 2021, as the specified tax risks have not been realised. The fair value of the consideration payable stipulated in item (b) as at reporting date is 177,503. The undiscounted value of the consideration payable stipulated in item (b) as at reporting date is 185,111. Based on current assessment of the historical tax risks, as at December 31, 2021 it is probable that the outstanding amount payable in item (b) will be settled. The Group determined the fair value of Zarplata’s software, trademarks, client base, CV database and recognized as intangible assets as 1,094,227. The fair value of the trade and other receivables is 6,746. The gross amount of trade receivables is 8,760 and it is expected that the full contractual amounts can be collected. Deferred tax liability represents deferred tax on the temporary difference related to identified intangible assets. The Company identified certain tax risks pertaining to Zarplata.ru and the unfavorable outcome of most of them is assessed as possible, while others are considered as probable. The share purchase agreement commits the seller to reimburse part of the losses incurred, suffered or sustained by the Company in respect of this matter during the four years from the date of the agreement. The Company made a provision for these tax risks, both probable and possible (included in Income tax payable and Provisions), of 586,100 as at acquisition date and 432,626 as of December 31, 2021 and a related indemnification asset at fair value of 186,473 as at acquisition date and 117,844 as of December 31, 2021. If the combination had occurred on January 1, 2020, revenue from continuing operations of the Group for the year ended December 31, 2020 would have been approximately RUB 9,062 million, and profit before tax from continuing operations for the Group would have been approximately RUB 2,562 million. In determining these amounts, management assumed that the fair value adjustments, that arose on the date of acquisition, would have been the same if the acquisition had occurred on January 1, 2020. Measurement of fair values The fair values of the material assets acquired have been calculated using the following valuation techniques (Level 3 of fair value hierarchy): Assets acquired Valuation technique Trademark and domain names ​ Relief-from-royalty method ​ Non-contractual customer relationships ​ Multi-period excess earnings method ​ CV Database ​ Cost method ​ Websites ​ Cost method ​ ​ The Group exercised significant judgments in the accounting for the business combination. The most significant judgments related to the determination of fair values of intangible assets and their estimated useful lives as well as fair values of income tax and other taxes provisions and related indemnification asset. In determining of the fair values of the intangible assets management made assumptions on the timing and the amounts of the Zarplata’s future cash flows, applicable growth rates and discount factors, expected attrition rates of the customer relationships and comparable royalty rates for similar businesses. In determining fair values of tax provisions, deferred tax liabilities and indemnification asset management made assumptions in relation to probability, base amounts and applicable rates of taxation. Certain key assumptions are further disclosed in Note 15.

Earnings per share

Earnings per share	12 Months Ended
	Dec. 31, 2021
Earnings per share
Earnings per share	9. Earnings per share Basic earnings per share are calculated by dividing net income attributable to the owners of the Company by the weighted average number of ordinary shares of the Company outstanding over the period. On May 8, 2020 the Company issued 317,860 new shares, bringing the total number of issued ordinary shares to 50,317,860, and settled with this issue the 18.75% of the awards which vested on the first anniversary of the IPO under the 2016 HeadHunter Unit Option Plan. See Note 20(a)(i). On May 14, 2021 the Company issued 317,860 new shares, bringing the total number of issued ordinary shares to 50,635,720 as of December 31, 2021, and settled with this issue the 18.75% of the awards which vested on the second anniversary of the IPO under the 2016 HeadHunter Unit Option Plan. See Note 20(a)(i). Diluted earnings per share are calculated by dividing the net income attributable to the owners of the Company by the weighted average number of ordinary shares outstanding over the period plus number of ordinary shares that would be issued if all existing convertible instruments, if any, were converted. Under the 2016 HeadHunter Unit Option Plan, the Company may issue up to 1,271,436 new shares to settle the awards provided by the plan over the period of 4 years from the date of the IPO (see Note 20(a)(i)), of which 635,720 shares have already been issued, 23,126 shares have been forfeitured and the remaining 612,590 shares may be issued after December 31, 2021. Under the 2018 HeadHunter Unit Option Plan, the Company may issue new shares to settle the awards provided in the plan over the period of 7 years from the grant date (see Note 20(a)(ii)) depending on share price performance; if on December 31, 2021 all units would vest, 513,612 new shares would have been issued. Under 2021 RSU Plan, the Company may issue new shares up to 6% of the fully diluted aggregate number of ordinary shares issued. As of December 31, 2021, the Company had 491,064 unvested ordinary shares to be issued under 2021 RSU Plan, out of which 130,232 unvested ordinary shares are dilutive and included in the diluted weighted-average number of ordinary shares calculation. Also, as of December 31, 2021 the Company may issue up to 42,534 new shares over next 3 year period as part of the remuneration of its Board of Directors. Accordingly, 1,659,800 new shares may be issued by the Company in total as of December 31, 2021 in relation to the Long-term Incentive Plans (LTIPs) and Board of Directors remuneration agreeements (as of December 31, 2020 – 1,358,914 shares, as of December 31, 2019 – 1,514,114 shares). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 2019 Net income attributable to owners of the Company ​ 5,390,677 ​ 1,748,960 ​ 1,448,018 Weighted average number of ordinary shares outstanding (Note 19) 50,499,021 50,206,696 50,000,000 ​ ​ ​ ​ ​ ​ ​ Effects of dilution from: Share options (weighted average) 1,356,446 1,377,708 956,590 Weighted average number of ordinary shares outstanding adjusted for the effect of dilution 51,855,467 51,584,404 50,956,590 ​ ​ ​ ​ ​ ​ ​ Earnings per share (in Russian Roubles per share) Basic 106.75 34.84 28.96 Diluted 103.96 33.90 28.42 ​ The average market value of the Company’s shares for the purpose of calculating the dilutive effect of share options was based on quoted market prices for the period during which the options were outstanding.

Revenue

Revenue	12 Months Ended
	Dec. 31, 2021
Revenue.
Revenue	10. Revenue (a) Disaggregation of revenue from contracts with customers ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ other ​ ​ ​ ​ ​ other ​ ​ ​ ​ ​ ​ Total other segments ​ ​ ​ ​ ​ segments ​ ​ ​ ​ ​ segments ​ ​ ​ ​ Russia ​ Russia ​ ​ ​ Total ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ Total ​ (hh.ru) (Zarplata.ru) Other segments Russia Other segments Russia Other segments Bundled Subscriptions ​ 3,787,713 ​ 276,535 ​ 65,823 ​ 4,130,071 ​ 2,332,272 ​ 40,195 ​ 2,372,467 ​ 2,154,831 ​ 69,120 ​ 2,223,951 CV Database Access 2,740,223 109,917 ​ 410,374 3,260,514 1,538,702 273,543 1,812,245 1,508,085 253,643 1,761,728 Job Postings 6,194,180 390,455 ​ 378,719 6,963,354 3,134,522 207,703 3,342,225 2,900,678 211,510 3,112,188 Other VAS 1,169,259 141,361 ​ 303,474 1,614,094 718,768 36,402 755,170 648,168 42,706 690,874 Total revenue 13,891,375 918,268 ​ 1,158,390 15,968,033 7,724,264 557,843 8,282,107 7,211,762 576,979 7,788,741 ​ In the following table, revenue from contracts with customers of “Russia (hh.ru)” and “Russia (Zarplata.ru)” operating segments is disaggregated by type of customer: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 2019 Key Accounts in Russia ​ ​ ​ Moscow and St.Petersburg ​ 3,868,460 ​ 2,156,248 ​ 1,981,959 Other regions of Russia 1,422,118 815,323 664,649 Sub-total 5,290,578 2,971,571 2,646,608 Small and Medium Accounts in Russia Moscow and St.Petersburg 4,881,678 2,526,381 2,579,517 Other regions of Russia 4,035,679 1,825,497 1,614,359 Sub-total 8,917,357 4,351,878 4,193,876 Foreign customers of Russia segment 95,272 57,822 41,385 Other customers in Russia 506,436 342,993 329,893 Total for “Russia” operating segment 14,809,643 7,724,264 7,211,762 ​ The revenue arising from non-monetary exchanges of services with customers included in the table above is 77,763 for the year ended December 31, 2021, 43,397 for the year ended December 31, 2020 and 50,804 for the year ended December 31, 2019. (b) Contract balances The following table provides information about receivables, contract assets and contract liabilities from contracts with customers. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, ​ Note 2021 2020 Receivables, which are included in “Trade and other receivables” ​ 17 ​ 141,125 ​ 61,028 Contract liabilities 4,644,839 2,785,402 ​ The contract liabilities primarily relate to the advance consideration received from customers for granting access to our CV database and displaying job advertisements on our web site, for which revenue is recognised when performance obligations are met. Increase in contract liabilities is explained primarily by growth of our revenues. The increasing number of contracts with customers and their value translates into increase in prepayments made by customers, thus contract liabilities increase. The amount of 2,619,549 recognised in contract liabilities at the beginning of the year has been recognised as revenue for the year ended December 31, 2021 (for the year ended December 31, 2020 – 2,196,418). The revenue recognised for the year ended December 31, 2021 from performance obligations satisfied (or partially satisfied) in previous periods is 20,649 (for the year ended December 31, 2020 – 10,662). This is mainly due to changes in the estimate of the expected usage of job postings in our Bundled Subscriptions. No information is provided about remaining performance obligations as at December 31, 2021 that have an original expected duration of one year or less, as allowed by IFRS 15.

Operating costs and expenses (e

Operating costs and expenses (exclusive of depreciation and amortization)	12 Months Ended
	Dec. 31, 2021
Operating costs and expenses (exclusive of depreciation and amortization)
Operating costs and expenses (exclusive of depreciation and amortization)	11. Operating costs and expenses (exclusive of depreciation and amortization) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended ​ ​ December 31, ​ 2021 2020 2019 Personnel expenses (4,183,569) (2,579,958) (2,234,309) Marketing expenses (2,113,439) (1,105,247) (1,046,678) Subcontractor and other costs related to provision of services (430,276) (194,644) (186,337) Office rent and maintenance (306,116) (176,672) (206,501) Professional services (470,918) (335,681) (347,963) Insurance services (169,537) (181,047) (111,251) Hosting and other website maintenance (81,471) (46,325) (40,421) Other operating expenses (193,889) (71,726) (126,803) Operating costs and expenses (exclusive of depreciation and amortization) (7,949,215) (4,691,300) (4,300,263) ​ Contributions to state pension funds recognised within “Personnel expenses” is 602,977 for the year ended December 31, 2021, 375,977 for the year ended December 31, 2020 and 291,211 for the year ended December 31, 2019.

Finance income and costs

Finance income and costs	12 Months Ended
	Dec. 31, 2021
Finance income and costs
Finance income and costs	12. Finance income and costs (a) Finance income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended ​ ​ December 31, ​ 2021 2020 2019 Interest on term deposits ​ 204,497 ​ 51,857 ​ 76,202 Interest accrued on loans to related parties (Note 29(с)) 782 947 — Interest accrued on loan to third party ​ 2,807 ​ — ​ — Net gain on financial assets measured at fair value through profit and loss (Note 8(a)) 34,508 150 — Other interest income 514 6,375 562 Total finance income 243,108 59,329 76,764 ​ (b) Finance costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended ​ ​ December 31, ​ 2021 2020 2019 Interest accrued on bank loan (Note 21(a)) (342,425) (357,377) (559,527) Interest accrued on non-convertible bonds (Note 21(b)) ​ (270,442) ​ (12,543) ​ — Interest accrued on lease liabilities (Note 23) (20,466) (26,334) (32,941) Interest accrued on loans from related parties (Note 29(c)) ​ (572) ​ — ​ — Interest accrued on other loan ​ — ​ — ​ (6,391) Other interest costs (25,674) (13,291) (4,421) Total finance costs (659,579) (409,545) (603,280) ​

Income taxes

Income taxes	12 Months Ended
	Dec. 31, 2021
Income taxes
Income taxes	13. Income taxes (a) Amounts recognized in profit or loss As the Group generates most of its revenues and profits from operations in Russia, the Group’s applicable tax rate is the Russian corporate income tax rate of 20%. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended ​ ​ December 31, ​ 2021 2020 2019 Current tax expense: ​ ​ ​ ​ ​ ​ Current year ​ (1,935,291) ​ (873,925) ​ (923,760) Reversal of provision for uncertain income tax positions ​ 221,700 ​ 92,012 ​ 110,708 Recognition of provision for uncertain income tax positions ​ (31,332) ​ (4,044) ​ (447,034) Total current tax expense (1,744,923) (785,957) (1,260,086) Deferred tax reversal: ​ ​ ​ Origination and reversal of temporary differences 370,089 100,185 168,630 Reversal of deferred tax on unremitted earnings — — 447,034 Total deferred tax reversal 370,089 100,185 615,664 Total income tax expense (1,374,834) (685,772) (644,422) ​ In June 2019, the Group reversed its deferred tax liability on unremitted earnings of 447,034 and recognized provision for uncertain tax positions of 447,034 due to change in the parent company tax residency status (see Note 1(a)) and applicable income tax rate on dividends and based on the Group interpretations of tax laws. (b) Income tax payable ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020 Current income tax payable 202,112 55,921 Provision for uncertain income tax positions (Notes 13(a), 8(b)) 155,443 345,812 Total income tax payable 357,555 401,733 ​ (c) Reconciliation of effective tax rate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 2019 Profit before income tax 6,867,605 2,571,597 2,225,448 Income tax at 20% tax rate (1,373,521) (514,319) (445,090) Effect of tax rates in foreign jurisdictions 2,920 3,878 (23,408) Withholding tax on intra-group dividends (14,643) (15,771) (77,516) Reversal/(recognition) of provision for uncertain income tax positions ​ 221,700 ​ 92,012 ​ 137,952 Non-taxable gain on remeasurement of previously held interest in equity accounted investees 44,662 — — Unrecognized deferred tax asset (101,829) (134,495) (113,047) Non-deductible interest expense — — (18,421) Non-deductible expenses related to LTIPs (56,662) (52,465) (35,485) Effect of tax exemption in subsidiary ​ (43,008) ​ — ​ — Other net non-deductible expense (54,453) (64,612) (69,407) Total income tax expense (1,374,834) (685,772) (644,422) ​ (d) Recognized deferred tax assets and liabilities Deferred tax assets and liabilities are attributable to the following: ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020* Deferred tax assets: ​ ​ ​ ​ Contract liabilities 329,221 140,143 Unused vacation accruals 21,942 11,567 Employee benefits 37,799 30,502 Trade and other payables 15,210 6,408 Right-of-use assets and lease liabilities 5,251 5,452 Intangible assets ​ 4,244 ​ 7,883 Property and equipment ​ 2,149 ​ — Tax benefit from LTIPs - income ​ 46,586 ​ — Tax benefit from LTIPs - equity ​ 12,445 ​ — Deferred tax assets netting (22,957) (25,627) Total deferred tax assets 451,890 176,328 ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ ​ ​ Property and equipment — (4,478) Intangible assets (572) (4,918) Intangible assets identified on acquisitions (515,369) (610,436) Loans and borrowings (11,383) (16,947) Deferred tax liabilities netting 22,957 25,627 Total deferred tax liabilities (504,367) (611,152) Net deferred tax liability (52,477) (434,824) * Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8(b). Unrecognized deferred tax assets as at December 31, 2021 were 669,664 (as at December 31, 2020 – 567,835). They relate to tax losses of the Group’s subsidiaries. The tax losses do not expire under current Russian tax legislation. Deferred tax assets have not been recognised in respect of these tax losses because it is not probable that future taxable profit will be available against which the Group’s subsidiaries can utilise the benefits therefrom. (e) Movement in deferred tax balances ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect of ​ ​ ​ ​ January 1, ​ Recognized in ​ Recognized in ​ movement in ​ December 31, ​ 2021 profit or loss equity exchange rates 2021 Property and equipment (4,478) 6,629 ​ — (2) 2,149 Intangible assets (607,471) 95,799 ​ — (25) (511,697) Unused vacation accruals 11,567 10,411 ​ — (36) 21,942 Employee benefits 30,502 7,321 ​ — (24) 37,799 Contract liabilities 140,143 189,179 ​ — (101) 329,221 Trade and other payables 6,408 8,798 ​ — 4 15,210 Loans and borrowings (16,947) 5,564 ​ — — (11,383) Right-of-use assets and lease liabilities 5,452 (198) ​ — (3) 5,251 Tax benefit from LTIPs - income ​ — ​ 46,586 ​ — ​ — ​ 46,586 Tax benefit from LTIPs - equity ​ — ​ — ​ 12,445 ​ — ​ 12,445 Net deferred tax liability (434,824) 370,089 ​ 12,445 (187) (52,477) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquired in ​ Effect of ​ ​ ​ ​ January 1, ​ Recognized in ​ business ​ movement in ​ December 31, ​ 2020 profit or loss combination* exchange rates 2020* Property and equipment (9,696) 5,473 (260) 5 (4,478) Intangible assets (522,280) 87,695 (172,907) 21 (607,471) Unused vacation accruals 8,614 2,870 24 59 11,567 Employee benefits 13,323 16,438 731 10 30,502 Contract liabilities 135,203 4,809 — 131 140,143 Trade and other payables 7,728 (1,464) 41 103 6,408 Loans and borrowings ​ — ​ (16,947) ​ — ​ — ​ (16,947) Right-of-use assets and lease liabilities 4,139 1,311 — 2 5,452 Net deferred tax liability (362,969) 100,185 (172,371) 331 (434,824) * Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8(b).

Property and equipment

Property and equipment	12 Months Ended
	Dec. 31, 2021
Property and equipment.
Property and equipment	14. Property and equipment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Office ​ ​ ​ ​ ​ ​ equipment, ​ ​ ​ ​ ​ ​ Servers and ​ furniture ​ Leasehold ​ ​ ​ ​ computers ​ and other ​ improvements ​ Total Cost ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2021 202,129 293,035 285,883 781,047 Acquisition through business combinations (Note 8) ​ — ​ 3,436 ​ — ​ 3,436 Additions 75,667 69,831 5,325 150,823 Disposals (3,890) (75,867) (6,933) (86,690) Foreign currency translation difference — (95) (11) (106) Balance at December 31, 2021 273,906 290,340 284,264 848,510 Depreciation ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2021 94,071 144,150 76,101 314,322 Depreciation for the year 45,619 79,962 71,262 196,843 Disposals (3,890) (75,729) (6,933) (86,552) Foreign currency translation difference — (81) (8) (89) Balance at December 31, 2021 135,800 148,302 140,422 424,524 Net book value ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 138,106 142,038 143,842 423,986 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Office ​ ​ ​ ​ ​ ​ equipment, ​ ​ ​ ​ ​ ​ Servers and ​ furniture ​ Leasehold ​ ​ ​ ​ computers ​ and other ​ improvements ​ Total Cost ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2020 174,157 215,484 209,731 599,372 Acquisition through business combinations (Note 8) ​ 4,843 ​ 5,758 ​ — ​ 10,601 Additions 23,390 77,728 76,125 177,243 Disposals (261) (6,124) — (6,385) Foreign currency translation difference — 189 27 216 Balance at December 31, 2020 202,129 293,035 285,883 781,047 Depreciation ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2020 64,523 87,468 17,637 169,628 Depreciation for the year 29,809 62,146 58,457 150,412 Disposals (261) (5,604) — (5,865) Foreign currency translation difference — 140 7 147 Balance at December 31, 2020 94,071 144,150 76,101 314,322 Net book value ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 108,058 148,885 209,782 466,725 ​

Intangible assets and goodwill

Intangible assets and goodwill	12 Months Ended
	Dec. 31, 2021
Intangible assets and goodwill.
Intangible assets and goodwill	15. Intangible assets and goodwill ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other ​ ​ ​ ​ ​ ​ ​ ​ Non-contractual ​ ​ ​ ​ ​ ​ ​ software, ​ ​ ​ ​ ​ ​ ​ ​ customer ​ Trademarks ​ Website ​ Patents and ​ licenses and ​ ​ ​ Goodwill CV database relationships and domains software copyrights other Total Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2021 9,881,100 737,913 2,572,532 1,902,437 212,508 6,473 77,491 15,390,454 Acquisition through business combinations (Note 8) ​ 752,485 ​ — ​ 39,273 ​ 212 ​ 566,384 ​ — ​ 3,551 ​ 1,361,905 Additions arising from internal development — — — — 17,998 — — 17,998 Other additions — — — 33 5,212 3,667 90,685 99,597 Disposals — — — — (27,063) (2,741) (57,887) (87,691) Foreign currency translation difference (3,224) — — 113 (128) — (31) (3,270) Balance at December 31, 2021 10,630,361 737,913 2,611,805 1,902,795 774,911 7,399 113,809 16,778,993 Amortization ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2021 — 299,287 987,817 735,559 46,992 5,913 47,521 2,123,089 Amortization for the year — 103,165 271,980 190,220 152,668 2,100 67,959 788,092 Disposals — — — — (27,063) (2,726) (57,887) (87,676) Foreign currency translation difference — — — 14 (1) — (21) (8) Balance at December 31, 2021 — 402,452 1,259,797 925,793 172,596 5,287 57,572 2,823,497 Net book value ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 10,630,361 335,461 1,352,008 977,002 602,315 2,112 56,237 13,955,496 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other ​ ​ ​ ​ ​ ​ ​ ​ Non-contractual ​ ​ ​ ​ ​ ​ ​ software, ​ ​ ​ ​ ​ ​ ​ ​ customer ​ Trademarks ​ Website ​ Patents and ​ licenses and ​ ​ ​ Goodwill* CV database relationships* and domains software copyrights other Total Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2020 6,954,183 635,605 2,043,760 1,526,889 163,466 5,735 88,743 11,418,381 Acquisition through business combinations (Note 8) ​ 2,918,486 ​ 102,308 ​ 528,772 ​ 375,724 ​ 82,549 ​ — ​ 4,874 ​ 4,012,713 Additions arising from internal development — — — — 15,040 — — 15,040 Other additions — — — — 10,973 1,588 56,053 68,614 Disposals — — — — (59,545) (874) (72,265) (132,684) Foreign currency translation difference 8,431 — — (176) 25 24 86 8,390 Balance at December 31, 2020* 9,881,100 737,913 2,572,532 1,902,437 212,508 6,473 77,491 15,390,454 Amortization Balance at January 1, 2020 — 235,725 783,441 583,022 73,713 4,440 50,440 1,730,781 Amortization for the year — 63,562 204,376 152,559 32,824 2,333 69,309 524,963 Disposals — — — — (59,545) (860) (72,265) (132,670) Foreign currency translation difference — — — (22) — — 37 15 Balance at December 31, 2020* — 299,287 987,817 735,559 46,992 5,913 47,521 2,123,089 Net book value At December 31, 2020* 9,881,100 438,626 1,584,715 1,166,878 165,516 560 29,970 13,267,365 * Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b). Impairment test Goodwill as at December 31, 2021 of 10,630,361 (as at December 31, 2020* – 9,881,100) is attributable to the acquisition of 100% ownership interest in HeadHunter in 2016, the acquisition of 100% ownership interest in Zarplata in December 2020 (see Note 8(b)), and the acquisition of 65.02% ownership interest in Skillaz in the first quarter of 2021 (see Note 8(a)). Carrying amount of goodwill allocated to each of the CGUs: ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020* HeadHunter “Russia” operating segment 6,607,362 6,607,362 HeadHunter “Kazakhstan” operating segment 171,792 178,380 HeadHunter “Belarus” operating segment 180,236 176,872 Zarplata operating segment (see Note 8(b)) ​ 2,918,486 ​ 2,918,486 Skillaz operating segment (see Note 8(a)) ​ 752,485 ​ — Total goodwill 10,630,361 9,881,100 * Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8(b). ​ At December 31, 2021 management estimated the recoverable amount of the Group’s cash-generating units (“CGU”). The recoverable amount of the HeadHunter CGUs represented its fair value less costs of disposal on the basis of quoted prices of Company’s ordinary shares (Level 1) on the estimated portion attributable to each respective CGU. At December 31, 2021 the estimated recoverable amounts of all CGUs exceeded their carrying amounts. No reasonably possible change in the fair value less costs of disposal of CGUs would result in the impairment. The recoverable amount of the Zarplata CGU represented its value in use, determined by reference to discounted future cash flows generated from the continuing use of the CGU. The key assumptions used in the estimation of the CGU’s recoverable amount represented management’s assessment of future trends in the Group’s business and were based on the relevant external and internal historical data. Cash flows were forecated based on past experience, actual operating results and the Group’s five-year business plan and based on the following key assumptions: revenue annual average growth rate, EBITDA margin, terminal growth rate and discount rate. The compound revenue annual growth rate for 2021-2026 is 11.4%. The forecasted EBITDA margin for 2022-2026 ranges from 35.3% to 43.7%. The pre-tax discount rate applied to the cash flow projections is 17.2% and the terminal growth rate for the free cash flows is 3.2%. As of December 31, 2021 a reasonably possible decrease in revenue’s compound annual growth rate by 1%-point, holding other assumptions constant, would lead to an impairment of the Zarplata CGU by RUB 120 million. The events described in Note 31 are likely to increase the discount rate and may reduce Zarplata revenue’s compound annual growth by more than 1%-point. This would result in further impairment of the Zarplata’ CGU, however, the financial effect is not possible to quantify. The recoverable amount of the Skillaz CGU represented its value in use, determined by reference to discounted future cash flows generated from the continuing use of the CGU. The key assumptions used in the estimation of the CGU’s recoverable amount represented management’s assessment of future trends in the Group’s business and were based on the relevant external and internal historical data. Cash flows were forecasted based on past experience, actual operating results and the Group’s five-year business plan and based on the following key assumptions: revenue annual average growth rate, EBITDA margin, terminal growth rate and discount rate. The compound revenue annual growth rate for 2021-2026 is 44.8%. The forecasted EBITDA margin for 2022-2026 ranges from negative 5.8% to positive 24%. The pre-tax discount rate applied to the cash flow projections is 22.0% and the terminal growth rate for the free cash flows is 3%. No reasonable possible changes in key assumptions used in the estimation would lead to the impairment of the CGU as at reporting date. The events described in Note 31 are likely to increase the discount rate and may reduce Skillaz’ revenue. This may result in impairment of Skillaz’ CGU, however, the financial effect is not possible to quantify.

Equity-accounted investees

Equity-accounted investees	12 Months Ended
	Dec. 31, 2021
Equity-accounted investees
Equity-accounted investees	16. Equity-accounted investees Investments in equity-accounted investees as of December 31, 2021 and 2020 comprised the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Voting shares ​ Carrying values ​ ​ Country of December 31, December 31, ​ December 31, ​ December 31, ​ incorporation 2021 2020 2021 2020 Skillaz LLC Russia — 25.01 % — 129,666 YouDo Web Technologies Limited Cyprus 9.91 % — 360,574 — Dream Job LLC Russia 25 % — 54,047 — ​ ​ ​ ​ ​ ​ 414,621 ​ 129,666 ​ The above entities have the same reporting date as the Company. None of the entities were listed on a public exchange as of December 31, 2021 and 2020. (a) Skillaz As at March 31, 2021 the Group obtained control over Skillaz. For details please refer to Note 8(a). Thus, Skillaz ceased to be accounted as equity-accounted investee since March 31, 2021. The following table summarises the financial information of Skillaz as of December 31, 2020 and for the period from January 1, 2021 till March 31, 2021, the year ended December 31, 2020 and the period from May 6, 2019 (the date when the Group acquired a stake of 25.01% in Skillaz) till December 31, 2019, as included in its own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carrying amount of the Group’s interest in Skillaz as of December 31, 2020. ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2020 Percentage ownership interest 25.01 % Non-current assets ​ 73,467 ​ Current assets 74,005 ​ Non-current liabilities (49,297) ​ Current liabilities (214,493) ​ Net assets ( 100% ) (116,318) ​ Group’s share of net assets ( 25.01% ) ​ (29,091) ​ Goodwill ​ 158,757 ​ Carrying amount of the Group’s interest in associate 129,666 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Period from ​ Period from ​ ​ January 1, 2021 ​ Year ended ​ May 6, 2019 till ​ ​ till March 31, ​ December 31, ​ December 31, ​ 2021 2020 2019 Revenue 70,498 152,750 67,701 Loss from continuing operations (100%) (19,450) (196,647) (122,118) Total comprehensive loss (100%) (19,450) (196,647) (122,118) Group’s share of total comprehensive loss ( 25.01% ) (4,864) (49,181) (30,542) ​ The associate had no contingent liabilities or capital (b) YouDo On October 28, 2021 the Group entered into a shares subscription agreement and acquired a stake of 9.91% in YouDo Web Technologies Limited (Cyprus) (“YouDo”), the leading online on-demand service marketplace in Russia, in exchange for a cash consideration of $ 5 million or 349,052 (at exchange rate as of October 28, 2021). The acquisition related costs were 17,329 and have been included in the cost of the investment. The principal place of YouDo’ business is Russia. Management expects that acquisition will enable the Group to access the rapidly developing gig-economy market. The Group concluded that it has significant influence over YouDo as the Group has a power to participate in the financial and operating policy decisions through its representation in YouDo’s Board of Directors. Thus, the Group’s ownership interest in YouDo represents an investment in an associate and accounted for under the equity method starting October 28, 2021. In December 2021 the Group finalised purchase price allocation for YouDo acquisition. The fair value of the identifiable assets and liabilities of YouDo at the date of acquisition before the Group’s contribution under a shares subscription agreement has been calculated with reference to its value in use (Level 3) and were as follows: ​ ​ ​ ​ ​ Fair values Non-current assets 628,010 Current assets 127,441 Non-current liabilities (53,768) Current liabilities (186,002) Total net assets ( 100% ) 515,681 The Group’s contribution to YouDo’ equity ​ 349,052 Total net assets, including the Group’s contribution ​ 864,733 Group’s share of net assets ( 9.91% ) 85,695 ​ The Group has concluded call option contracts to purchase an additional 46.89% ownership interest in YouDo, one of which grants the right to purchase 14.90% ownership interest through the period of six months from October 28, 2022 and another to acquire 31.99% (or 46.89% in case call option 1 was not exercised) through the period of six months from October 28, 2023 (together referred to as “the call options). The Group also entered into several option agreements, which give right to other shareholders to sell and cause an obligation to the Group to purchase an additional 43.2% ownership interest in YouDo, if the Group acquires control over YouDo under the call options described above. The Group also entered in option agreement, which give right to other shareholder to purchase and cause an obligation to the Group to sell the existing share of 9.91%, if the Group does not acquire control under the call options described above. The fair value of the option agreements referred to above is not material, taking into account the terms and conditions on which the options were acquired, and based on the expected business enterprise value at the acquisition date and at the reporting date. Goodwill on transaction was calculated as the excess of the consideration transferred by the Group over the share in the fair value of the net assets acquired and the fair value of the call options. ​ ​ ​ ​ ​ Total Group’s share of net assets (9.91%) 85,695 Goodwill 280,686 Cash consideration transferred 366,381 ​ Goodwill related to the associate of 280,686 is included in the carrying amount of the investment in associate. Goodwill is mainly attributable to the potential of YouDo to further enhance its position in B2B segment. The following table summarises the financial information of YouDo as of December 31, 2021 and for the period from October 28, 2021 till December 31, 2021, as included in its own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carrying amount of the Group’s interest in YouDo. ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2021 Percentage ownership interest 9.91 % Non-current assets 610,622 ​ Current assets 324,752 ​ Non-current liabilities (53,768) ​ Current liabilities (75,461) ​ Net assets ( 100% ) 806,145 ​ Group’s share of net assets ( 9.91% ) 79,888 ​ Goodwill 280,686 ​ Carrying amount of the Group’s interest in associate 360,574 ​ ​ ​ ​ ​ ​ Period from ​ ​ October 28, ​ ​ 2021 till ​ ​ December 31, ​ 2021 Revenue 86,539 Loss before income tax ​ (58,592) Income tax (expense)/benefit ​ — Net loss for the period ( 100% ) (58,592) Total comprehensive loss ( 100% ) (58,592) Group’s share of total comprehensive loss ( 9.91% ) (5,807) ​ The associate had no contingent liabilities or capital commitments (i) Impairment test The investment in associate was identified as a separate CGU. The recoverable amount of the CGU represented its value in use, determined by reference to discounted future cash flows generated from the continuing use of the CGU. The key assumptions used in the estimation of the CGU’s recoverable amount represented management’s assessment of future trends in the associate’s business and were based on the relevant external and internal historical data. Cash flows were forecasted based on past experience, actual operating results and the associate’s business plan and based on the following key assumptions: revenue growth rates, EBITDA margin, discount rate, and terminal value growth rate. At December 31, 2021 the estimated recoverable amounts of the CGU exceeded its carrying amounts. Revenue growth rates and EBITDA margin were forecasted taking into account the estimated sales volume and price growth for the next seven years taking into account an uncertainty associated with the start-up business. Management expects that the revenue will grow at a CAGR of 41.1% from 2021 to 2028. The expected EBITDA margin in 2028 is 34.9%. The pre-tax discount rate applied to the cash flow projections is 17.6%, the annual growth rate for the forecasted cash flows after 2028 year is 3%. ​ The changes at the reporting date to one of the relevant assumptions, holding other assumptions constant, would have result in the impairment by the amounts shown below: ​ ​ ​ ​ ​ Effect 31 December 2021 Annual revenue growth rate (5% decrease) 81,813 EBITDA (10% decrease) 47,754 Pre-tax discount rate (1%-point increase) 46,534 ​ The events described in Note 31 are likely to further increase the discount rate and may reduce YouDo’ revenue. This may result in the impairment of YouDo’ CGU, however, the financial effect is not possible to quantify. (c) Dream Job On April 20, 2021 the Group acquired 25% in the charter capital of Dream Job LLC (Russia) which operates employer review platform dreamjob.ru for cash contribution of RUB 60 million as we see a call for independent and reliable employer review portal in Russia. The table below aggregate information of associate that is not individually material to the Group: ​ ​ ​ ​ ​ 2021 The Group’s share of: ​ ​ - loss from continuing operations (7,254) - total comprehensive loss (7,254) ​

Trade and other receivables

Trade and other receivables	12 Months Ended
	Dec. 31, 2021
Trade and other receivables
Trade and other receivables	17. Trade and other receivables ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020 Trade receivables 141,125 61,028 Taxes receivable 2,881 2,955 Other receivables 10,596 5,137 Total trade and other receivables 154,602 69,120 ​ The Group has recognised allowance for impairment losses of 17,337 and 5,734 as at December 31, 2021 and 2020, respectively, within line “Trade and other receivables” in the consolidated statement of financial position.

Cash and cash equivalents

Cash and cash equivalents	12 Months Ended
	Dec. 31, 2021
Cash and cash equivalents
Cash and cash equivalents	18. Cash ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2021 2020 Petty cash 448 344 Bank balances 6,320,570 3,315,485 Call deposits 202,210 51,781 Total cash and cash equivalents 6,523,228 3,367,610 ​ Call deposits represent callable deposits with original maturities of three months or less. The Group’s exposure to interest rate risk and credit risk and a sensitivity analysis for financial assets and liabilities are disclosed in Note 26.

Capital and reserves

Capital and reserves	12 Months Ended
	Dec. 31, 2021
Capital and reserves
Capital and reserves	19. Capital and reserves (a) Share capital (Number of shares, unless stated otherwise) ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2021 2020 Number of shares issued 50,635,720 50,317,860 Number of shares authorized 60,000,000 60,000,000 Par value EUR 0.002 EUR 0.002 Share capital 8,655 8,597 ​ The Company issued 1,000 ordinary shares on May 28, 2014 in exchange for contribution in cash of 47 that were allocated to Share capital and 99,000 ordinary shares on February 24, 2016 in exchange for contribution in cash of 5,000,000, of which 8,500 were allocated to Share capital and 4,991,500 to Share premium. On March 1, 2018 the Registrar of Companies of Cyprus registered the subdivision of the existing Company’s share capital of 100,000 ordinary shares of EUR 1.00 each into 50,000,000 ordinary shares of EUR 0.002 each. On October 24, 2019, the shareholders approved the increase of the authorized share capital of the Company from 50,000,000 shares to 60,000,000 shares. On May 8, 2020 the Company issued 317,860 new shares under the 2016 HeadHunter Unit Option Plan, bringing the total number of issued ordinary shares to 50,317,860. See Note 20(a)(i). On May 14, 2021 the Company issued 317,860 new shares, bringing the total number of issued ordinary shares to 50,635,720 as of December 31, 2021. See Note 20(a)(i). All shares issued are fully paid, except 317,860 shares issued on May 8, 2020 and 317,860 shares issued on May 14, 2021, which are not paid as at December 31, 2021, and relevant shareholder receivable of 108 is included in the Trade and other receivables in the consolidated statement of financial position as of December 31, 2021 (as of December 31, 2020 – 50). (b) Ordinary shares The holders of ordinary shares are entitled to receive dividends as declared from time to time, and are entitled to one vote per share at meetings of shareholders. (c) Share premium On January 29, 2018 the District Court of Nicosia (Cyprus) issued a court order ratifying the reduction of the share premium of the Company by 3,422,874. On February 16, 2018 the Registrar of Companies of Cyprus registered the reduction of the Group’s share premium by 3,422,874 based on the shareholders resolution and the court order. As at December 31, 2019, 2020 and 2021 the share premium included a contribution of 1,568,626. (d) Distributions to shareholders and non-controlling interest (i) Distributions to shareholders On May 28, 2019 the Board of Directors approved dividend of $0.36 per share for the year ended December 31, 2018, which totalled to $18,000,000 or 1,160,345. The dividends were paid to shareholders in July 2019. On March 11, 2020 the Board of Directors approved dividends of $0.50 per share for the year ended December 31, 2019, which totalled to $25,000,000 or 1,800,520. The dividends were paid to shareholders in September 2020. On May 25, 2021 the Board of Directors approved dividends of $0.55 per share for the year ended December 31, 2020, which totalled to $27,849,643 or 2,047,690. The dividends were paid to shareholders in July 2021. (ii) Distributions to non-controlling interest The Group subsidiaries in Kazakhstan and Belarus have declared dividends to the Group and to the non-controlling interest. Dividends declared by these entities to non-controlling shareholders were 109,932 for the year ended December 31, 2021, 103,126 for the year ended December 31, 2020 and 126,460 for the year ended December 31, 2019. Dividends settled by these entities to non-controlling shareholders (including withholding tax) were 106,978 for the year ended December 31, 2021, 102,731 for the year ended December 31, 2020 and 131,456 for the year ended December 31, 2019. (e) Foreign currency translation reserve The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations. (f) Treasury shares On September 30, 2021 the Group announced a share buyback program under which the Group may repurchase up to an aggregate of RUB 3 billion (or its equivalent in US dollars) of its ordinary shares over a period beginning on October 11, 2021 and continuing until the earlier of the completion of the repurchase or August 10, 2022, when the authority of the board of directors to repurchase shares will expire (the “Buyback Program”).The primary purpose of the Buyback Program is to fund the Group’s long-term incentive programs (see Note 20). During 2021 the Group repurchased a total of 283,673 ADRs on the market for an aggregate consideration of 1,096,357 (none is 2020). The Group accounts for ADRs repurchased as treasury shares at cost. On March 3, 2022 the Group terminated the share buyback program.

Long-Term Incentive Plans (LTIP

Long-Term Incentive Plans (LTIPs)	12 Months Ended
	Dec. 31, 2021
Long-Term Incentive Plans (LTIPs)
Long-Term Incentive Plans (LTIPs)	20. Long-Term Incentive Plans (LTIPs) (a) Equity-settled awards (i) 2016 HeadHunter Unit Option Plan In 2016, the shareholders of the Group established an incentive program that provides key management of the Group with rights to receive cash payments if a “liquidity event” occurs. “Liquidity event” includes either an Initial Public Offering (hereinafter – “IPO”) or Sale (initial or subsequent) of the Company’s shares by shareholders. The amount of payment is conditional on share price at the date of the liquidity event. In the initial plan the participants of the program were not entitled to receive shares of the Company. The Group has no liability to make cash payments to management, therefore the program was classified by the Group as equity-settled. The following awards were issued as at December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number ​ ​ Exercise Fair value ​ ​ of ​ ​ ​ price ​ at grant Awards series ​ units ​ Grant date ​ (per unit) ​ date Series 1 785 ​ May 10, 2016 500 160,871 Series 2 20 ​ September 1, 2017 500 25,511 Series 3 15 ​ September 1, 2017 900 15,415 Series 4 12 ​ December 1, 2017 900 13,070 Series 5 8 ​ March 1, 2018 900 8,478 Series 6 14 ​ May 28, 2019 500 27,671 Series 7 20 ​ May 28, 2019 1,250 22,191 ​ A unit is defined in the 2016 HeadHunter Unit Option Plan as 0.005% of net proceeds from a “liquidity event”. The fair value of the awards of Series 1 – Series 5, which were granted before the completion of the IPO, was estimated at the grant date using the Black Scholes Merton (“BSM”) pricing model, taking into account the terms and conditions on which the awards were granted. The fair value of the awards was calculated based on the expected business enterprise value at the grant date. The weighted average assumptions used in the BSM pricing model for grants made were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Awards series ​ Series 1 Series 2 Series 3 Series 4 Series 5 Expected volatility ​ 39 % 39 % 39 % 39 % 39 % Expected dividend yield — — — — — ​ Risk-free interest rate 7.7 % 7.7 % 7.7 % 7.3 % 6.4 % Expected life at grant date (years) 5.66 3.24 3.24 2.99 1.66 ​ ​ Expected volatility was calculated based on actual experience of similar entities that have traded equity instruments. The fair value of the awards of Series 6 – Series 7, which were granted after the completion of the IPO, was estimated at the grant date using the market price of the underlying shares, taking into account the terms and conditions on which the awards were granted. The movement of the awards of Series 1 – 7 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 Outstanding at beginning of the period (units) ​ 890 ​ 890 Forfeited during the period (units) (16) — Outstanding at end of the period 874 890 ​ In April 2018 and March 2019 the Group amended the 2016 HeadHunter Unit Option Plan. In accordance with the amended Plan, if an IPO occurs, 25% of the awards will vest on the date of IPO and will be paid by the shareholders in cash and 18.75% will vest on each of the first, second, third and fourth anniversaries of IPO, and each will be settled in equity by the Company. The modification of the Plan did not change the classification of the awards as equity-settled. The modification of the Plan was not beneficial to most participants of the program who received awards of Series 1. The modification of the Plan was beneficial to the participants who received awards of Series 2 – Series 5. The incremental fair value of 10,815 was calculated as the difference between the fair value of the initial and amended program at the modification date and will be recognized over the modified vesting period. In June 2019, the Group further amended the 2016 HeadHunter Unit Option Plan. As the result of this amendment, the participants of awards of Series 1– Series 7 became unconditionally entitled to additional lump sum payment. This amendment was beneficial to the participants. The fair value of the additional award of RUB 28 million was recognized in the year ended December 31, 2019. As a result of completion of the IPO on May 8, 2019, 25% of the awards of Series 1 – Series 7 were vested and subsequently settled in cash by shareholders, and on the first and secondary anniversaries of the IPO on May 8, 2020 and May 8, 2021, the 37.5%of the awards of Series 1 – Series 7 were vested and subsequently exercised and settled by the Company in shares. Total employee expenses (excluding social taxes) arising from the 2016 HeadHunter Option Plan were 14,489 for the year ended December 31, 2021, 35,500 for the year ended December 31, 2020 and 88,438 for the year ended December 31, 2019 and are included in ‘Operating costs and expenses (exclusive of depreciation and amortization)’ in the consolidated statement of income and comprehensive income. The social taxes accrued were 144,029 for the year ended December 31, 2021, which are payable due to change in the parent company tax residency status (see Note 1(a)), and are included in ‘Operating costs and expenses (exclusive of depreciation and amortization)’ in the consolidated statement of income and comprehensive income (for the year ended December 31, 2020 - 115,974, for the year ended December 31, 2019 – 40,548). The related liability of 300,551 is presented within ‘Provisions’ in the consolidated statement of financial position as at December 31, 2021 (as at December 31, 2020 - 156,522, as at December 31, 2019 – 40,548). Uncertainties relate mostly to whether the relationships with the participants of the programmes will be treated as employment in terms of Russian law. (ii) 2018 Unit Option Plan In 2018, the shareholders of the Group established an incentive program that provides key management of the Group with rights to receive shares. The amount of payment is conditional on share price at the vesting date. The share options vest if the average share price exceed the exercise price at the vesting date and the participant remains employed on such date. The awards vest in instalments over the vesting period, being 20% after 3 years in service from the grant date and 20% annually thereafter, resulting in full vesting in 7 years. The programme assumes grant of up to 600 units, and a unit is defined as 0.005% of the number of issued ordinary shares of the Company. The Group has no liability to make cash payments to management, therefore the program is classified by the Group as equity-settled in these consolidated financial statements. The Board of Directors approved the grant of 300 units, 41 units and 33 units on May 28, 2019, March 5, 2020 and May 26, 2020, respectively, under the 2018 Unit Option Plan. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Date grant approved by Exercise price Fair value at grant Awards series ​ units ​ the Board of Directors ​ (per unit) ​ date ​ ​ ​ ​ ​ USD ​ Series 1 300 ​ May 28, 2019 13.50 265,394 Series 2 41 ​ March 5, 2020 21.23 30,787 Series 3 33 ​ May 26, 2020 18.92 40,448 ​ The fair value of the awards is estimated at the grant date using a Monte-Carlo simulation model, taking into account the terms and conditions on which the awards were granted. The model simulates the market price of the underlying shares and compares it against the exercise price. The weighted average assumptions used in the Monte-Carlo pricing model for the for the Series 1 award installments were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tranche 1 Tranche 2 Tranche 3 Tranche 4 Tranche 5 Expected volatility 43 % 43 % 43 % 43 % 43 % Expected dividend yield 1.53 % 1.53 % 1.53 % 1.53 % 1.53 % Risk-free interest rate 1.74 % 1.77 % 1.80 % 1.86 % 1.92 % Expected life at grant date (years) 3 4 5 6 7 ​ Forfeiture rate 3.39 % 3.39 % 3.39 % 3.39 % 3.39 % Fair value (per unit) 763 859 932 996 1,028 ​ Total fair value 44,205 49,815 54,036 57,738 59,600 ​ ​ The weighted average assumptions used in the Monte-Carlo pricing model for the Series 2 award installments were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tranche 1 Tranche 2 Tranche 3 Tranche 4 Tranche 5 Expected volatility 50 % 50 % 50 % 50 % 50 % Expected dividend yield 1.94 % 1.94 % 1.94 % 1.94 % 1.94 % Risk-free interest rate 0.29 % 0.33 % 0.37 % 0.46 % 0.55 % Expected life at grant date (years) 3 4 5 6 7 ​ Forfeiture rate 3.39 % 3.39 % 3.39 % 3.39 % 3.39 % Fair value (per unit) 498 668 802 924 994 ​ Total fair value 3,946 5,292 6,355 7,319 7,875 ​ ​ The weighted average assumptions used in the Monte-Carlo pricing model for the Series 3 award installments were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tranche 1 Tranche 2 Tranche 3 Tranche 4 Tranche 5 Expected volatility 50 % 50 % 50 % 50 % 50 % Expected dividend yield 1.85 % 1.85 % 1.85 % 1.85 % 1.85 % Risk-free interest rate 0.22 % 0.27 % 0.32 % 0.42 % 0.51 % Expected life at grant date (years) 3 4 5 6 7 ​ Forfeiture rate 3.39 % 3.39 % 3.39 % 3.39 % 3.39 % Fair value (per unit) 1,008 1,172 1,298 1,404 1,460 ​ Total fair value 6,428 7,476 8,278 8,954 9,312 ​ ​ Expected volatility is calculated based on actual experience of similar entities that have traded equity instruments. The risk-free interest rate applied is based on U.S. Treasury yield curve in effect at the grant date. The forfeiture rate is based on historical data and current expectations and is not necessarily indicative of forfeiture patterns that may occur. In July 2021, the awards of Series 2 and Series 3 were replaced by the awards under the new 2021 Restricted Stock Units Plan (Note 20 (a)(iii)). As the result of this replacement, the participants of awards of Series 2 and Series 3 became entitled to fixed amount of shares, which vest over 4-year period commencing on the grant date, with the first vesting occurring on the first anniversary of the grant date. The modification of the awards of Series 2 and Series 3 did not change the classification of the awards as equity-settled. The modification of the awards was beneficial to the participants of Series 2 and Series 3. The incremental fair value of 104,497 was calculated as the difference between the fair value of the initial and amended program at the modification date and will be recognized over the modified vesting period (Note 20 (a)(iii)). The movement of the awards of Series 1 were as follows: ​ ​ ​ ​ ​ ​ (number of units) For the year ended December 31, ​ ​ 2021 2020 Outstanding at beginning of the period 300 300 Forfeited during the period (26) — Outstanding at end of the period 274 300 ​ The movement of the awards of Series 2 - 3 were as follows: ​ ​ ​ ​ ​ ​ (number of units) For the year ended December 31, ​ ​ 2021 2020 Outstanding at beginning of the period 71 — Granted during the period — 74 Modified during the period (68) — Forfeited during the period (3) (3) Outstanding at end of the period — 71 ​ Total employee expenses (excluding social taxes) arising from the 2018 HeadHunter Option Plan were 49,503 for the year ended December 31, 2021, 65,953 for the year ended December 31, 2020 and 33,196 for the year ended December 31, 2019, and are included in ‘Operating costs and expenses (exclusive of depreciation and amortization)’ in the consolidated statement of income and comprehensive income. The social taxes accrued were 37,233 for the year ended December 31, 2021, 8,262 for the year ended December 31, 2020 and 1,746 for the year ended December 31, 2019, which are payable due to change in the parent company tax residency status (see Note 1(a)), and are included in ‘Operating costs and expenses (exclusive of depreciation and amortization)’ in the consolidated statement of income and comprehensive income. The related liability of 47,240 is presented within ‘Provisions’ in the consolidated statement of financial position (as at December 31, 2020 - 10,007). Uncertainties relate mostly to whether the relationships with the participants of the programmes will be treated as employment in terms of Russian law. (iii) 2021 RSU Plan In July 2021, the shareholders of the Group established a new 2021 Restricted Stock Units Plan (the “2021 RSU Plan”) to provide more straight-forward, predictable, and competitive long-term incentives to the key talent of the Group. Under the 2021 RSU Plan, the Group shall issue restricted stock units (“RSUs”) carrying the right to receive either ordinary shares or ADSs representing such ordinary shares. The maximum number of shares provided under the 2021 RSU Plan is 6% of the fully diluted aggregate number of ordinary shares issued and outstanding from time to time. Awards under the 2021 RSU Plan are expected to be granted in tranches during the 2-4-years period. Each grant will be subject to approval by the Board of Directors upon the recommendation of management and the Compensation Committee, based on certain selection criteria. In connection with the establishment of the 2021 RSU Plan, the awards of Series 2 and Series 3 previously granted under the 2018 Plan were replaced with awards under the 2021 RSU Plan (see Note 20(a)(ii)). On July 27, 2021, the Board of Directors approved the first grant of awards under 2021 RSU Plan of 251,921 RSUs, including grant of 121,135 RSUs to new participants and grant of 130,786 RSUs to participant of awards Series 2 and Series 3 of 2018 Unit Option Plan. The modification of the awards was beneficial to the participants of Series 2 and Series 3 of 2018 Unit Option Plan. The fair value of the initial (2018 Unit Option Plan) at the modification date was 355,457. The incremental fair value of 104,497 was calculated as the difference between the fair value of the initial (2018 Unit Option Plan) and amended program (2021 RSU Plan) at the modification date and will be recognized over the modified vesting period. On November 25, 2021 and December 20, 2021, the Board of Directors approved the second grant of awards of 77,228 RSUs and the third grant of awards of 161,915 RSUs, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Awards series Number of Date grant approved by Exercise price Fair value at grant ​ ​ RSUs ​ the Board of Directors ​ (per unit) ​ date ​ ​ ​ ​ USD ​ ​ Series 1 251,921 ​ July 27, 2021 — 885,968 including: ​ ​ new participants 121,135 ​ ​ — 426,013 participants of 2018 Unit Option Plan (modification of awards) 130,786 ​ ​ — 459,954 ​ ​ ​ ​ ​ ​ ​ ​ ​ Series 2 77,228 ​ November 25, 2021 — 285,028 Series 3 161,915 ​ December 20, 2021 — 598,210 ​ The fair value of the awards of Series 1 - Series 3 was estimated at the grant date using the Black Scholes Merton (“BSM”) pricing model, taking into account the terms and conditions on which the awards were granted. The weighted average assumptions used in the BSM pricing model for the Series 1 – Series 3 award installments were as follows (each installment over the 2-year or 4-year vesting periods is treated as a separate tranche): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Series 1 Series 2 Series 3 Expected volatility 40 % 43 % 43 % Expected dividend yield 2.31 % 2.31 % 2.31 % Risk-free interest rate 0.08 - 0.59 % 0.16 – 1.03 % 0.06 – 1.06 % Expected life at grant date (years) 0.87 – 3.88 0.53 – 3.53 0.26 – 3.51 ​ Fair value (per RSU), in Russian Roubles 3,374 - 3,617 3,541 – 3,795 3,501 – 3,774 ​ Total fair value 885,968 285,028 598,210 ​ ​ Expected volatility was calculated based on actual experience of similar entities that have traded equity instruments. The risk-free interest rate applied is based on U.S. Treasury yield curve in effect at the grant date. The forfeiture rate used for 2021 expenses calculation is 7% – 37.5%. It is based on historical data and current expectations and is not necessarily indicative of forfeiture patterns that may occur. The movement of the awards of Series 1 – 3 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 Outstanding at beginning of the period (RSUs) ​ — — Granted during the period (RSUs) ​ 491,064 — Forfeited during the period (RSUs) ​ (22,443) — Outstanding at end of the period (RSUs) ​ 468,621 — ​ Total employee expenses (excluding social taxes) arising from the 2021 RSU Plan were 177,972 for the year ended December 31, 2021, and are included in ‘Operating costs and expenses (exclusive of depreciation and amortization)’ in the consolidated statement of income and comprehensive income (for the year ended December 31, 2020 and 2019 – nil). The social taxes accrued were 38,722 for the year ended December 31, 2021 (for the year ended December 31, 2020 and 2019 – nil), and are included in ‘Operating costs and expenses (exclusive of depreciation and amortization)’ in the consolidated statement of income and comprehensive income. The related liability of 38,722 is presented within ‘Provisions’ in the consolidated statement of financial position due to uncertain amount of tax that will be determined based on future share price (as at December 31, 2020 - nil). (b) Cash-settled awards In August 2017 the Group established a cash-settled management incentive program that provides the right to receive cash payments if an IPO or strategic sale (hereinafter – “the event”) occurs. The amount of payment is conditional on share price at the date of the event. The Group has liability to make cash payments, therefore the program is classified by the Group as cash-settled in the consolidated financial statements. The awards vest in instalments over the vesting period, being 50% at the event (Award 1) and 50% after 12 months from the date of the event (Award 2). The Award 1 vested on May 8, 2019 as a result of completion of the IPO and was settled in May 2019 in the amount of 19,568. The Award 2 vested on May 8, 2020 after 12 months from the date of the IPO and was settled in May 2020 of 31,381. In July 2020 the Group established a new cash-settled management incentive program that provides the right to receive cash payments in the event of successful secondary public offering. The Group has a liability to make cash payments, and, therefore the program is classified by the Group as cash-settled in in the consolidated financial statements. The awards vest in instalments over the vesting period, being 50% at the event (Award 1) and 50% after 12 months from the date of the event (Award 2). The amount of payment is conditional on share price at the vesting date. The Award 1 vested on July 20, 2020 as a result of completion of the SPO and was settled in September 2020 of 14,029. The Award 2 vested on July 20, 2021 after 12 months from the date of SPO and was settled in July 2021 of 28,080. In March 2021 the Group established a further cash-settled management incentive program that provides the right to receive cash payments in the event of successful secondary public offering. The Group has a liability to make cash payments, and, therefore the program is classified by the Group as cash-settled in in the consolidated financial statements. The awards vest in instalments over the vesting period, being 50% at the event (Award 1) and 50% after 12 months from the date of the event (Award 2). The amount of payment is conditional on share price at the vesting date. The Award 1 vested on June 7, 2021 as a result of completion of the SPO and was settled in July 2021 in of 15,577. As at December 31, 2021 the fair value of the Award 2 is 23,543 and included in Trade and other payables in the consolidated statement of financial position. Total employee expenses (excluding social taxes) arising from the cash-settled management incentive program were 46,920 for the year ended December 31, 2021, 31,887 for the year ended December 31, 2020 and 29,462 for the year ended December 31, 2019, and are included in ‘Operating costs and expenses (exclusive of depreciation and amortization)’ in the consolidated statement of income and comprehensive income. The related liability of 13,379 (as at December 31, 2020 – 10,337) is presented within ‘Current trade and other payables – Payables to employees’ (Note 22). The social taxes accrued were 7,374 for the year ended December 31, 2021, which are payable due to change in the parent company tax residency status (see Note 1(a)), and are included in ‘Operating costs and expenses (exclusive of depreciation and amortization)’ in the consolidated statement of income and comprehensive income (for the year ended December 31, 2020 –5,071 and for the year ended December 31, 2019 – 3,603). The related liability of 2,020 (as at December 31, 2020 – 1,561) is presented within ‘Provisions’ in the consolidated statement of financial position due to uncertain amount of tax that will be determined based on future share price.

Loans and borrowings

Loans and borrowings	12 Months Ended
	Dec. 31, 2021
Loans and borrowings.
Loans and borrowings	21. Loans and borrowings Loans and borrowings of the Group are presented in the table below. ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020 Long-term loans and borrowings: Bank loan 3,362,762 3,831,270 Non-convertible bonds ​ 3,973,079 ​ 3,960,056 Other loan - principal ​ 2,972 ​ — Other loan - interest ​ 63 ​ — Total 7,338,876 7,791,326 Current loans and borrowings: ​ ​ Bank loan – current portion 585,316 471,027 Bank loan - interest ​ 99,981 ​ — Non-convertible bonds – interest 12,723 12,584 Other loan – principal 743 1,478 Other loan – interest 15 11 Total 698,778 485,100 ​ (a) Bank loan The bank loan of RUB 5 billion was obtained by the Group in May 2016 from a major state-owned bank PJSC ‘VTB Bank’ to finance the acquisition of 100% ownership interest in HeadHunter from Mail.Ru Group Limited (LSE: MAIL). On October 5, 2017 the Group entered into a supplemental agreement which increased the amount of the bank loan facility from RUB 5 billion to RUB 7 billion and distributed RUB 2 billion to shareholders. In August 2020 the Group has signed an amended loan agreement with the PJSC ‘VTB Bank’, which extended the loan maturity from October 2022 to June 2025 and relaxed performance covenants related to revenue and cash receipts until the middle of 2021. Change in the loan terms was assessed as modification not resulting in derecognition of the loan, related gain of 5,617 is included in ‘Finance income’ in the consolidated statement of income and comprehensive income for the year ended December 31, 2020. The major terms of the loan are as follows: ● Interest rate: Central Bank of Russia Key Rate + 2% ; ● Ultimate maturity: June 2025; ● Principal financial covenants: the ratio of net debt to EBITDA (as defined in the loan agreement), the ratio of EBITDA to interest expense (as defined in the loan agreement), the minimum amount of revenue, and the minimum amount of cash sales. As at December 31, 2021 the Group was compliant with all financial and other covenants per the loan agreement. The loan is collateralized with shares of Headhunter LLC (Russia) and Headhunter FSU Limited, the above-mentioned entities being key holding and operating entities of the Group. The loan agreement includes various legal restrictions including change of control provisions, issuance of capital, restructuring, restrictions/consent on limits of shareholder distributions, and sale and purchase of assets. The carrying amounts of the bank loan approximated its fair value at each reporting date. (b) Non-convertible bonds In connection with the acquisition of 100% interest of Zarplata in December 2020, the Group issued interest-bearing non-convertible bonds on Moscow Exchange (MOEX) with nominal value of RUB 4 billion. The Group incurred transaction costs of RUB 40 million representing bank commissions and other 3rd parties services in connection with the issue. The major terms of the bonds are as follows: ● Interest rate: 6.45% ● Coupon period: 91 days ● Call option: callable by the Group at end of each coupon period ● Ultimate maturity: December 2023 The fair value of the bonds is 3,812,723 at the reporting date. (c) Reconciliation of movements of liabilities to cash flows arising from financing activities The table below details changes in the Group’s liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the Group’s consolidated statement of cash flows as cash flows from financing activities. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities Equity ​ Total ​ ​ ​ ​ Payables to/ ​ ​ ​ ​ ​ Bank and ​ ​ ​ ​ ​ Receivables ​ ​ ​ ​ ​ ​ other loans ​ ​ ​ ​ ​ from non- ​ ​ ​ ​ ​ ​ and ​ ​ ​ Dividends ​ controlling ​ ​ ​ ​ ​ ​ borrowings ​ Lease ​ payables to ​ interests ​ Treasury ​ ​ ​ ​ (Notes 21 (a), ​ liabilities ​ shareholders ​ (Note ​ shares(Note ​ ​ ​ ​ 21(b)) ​ (Note 23) ​ (Note 19(d)) ​ 19(d)) ​ 19(f)) ​ ​ Balance at January 1, 2021 ​ 8,276,426 ​ 241,997 ​ — ​ — ​ — ​ 8,518,423 Changes from financing cash flows ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquisition of treasury shares ​ — ​ — ​ — ​ — ​ (1,096,357) ​ (1,096,357) Bank and other loans received ​ 7,765 ​ — ​ — ​ — ​ — ​ 7,765 Bank loan repaid ​ (400,672) ​ — ​ — ​ — ​ — ​ (400,672) Bank loans and other borrowings origination fees paid ​ (43,615) ​ — ​ — ​ — ​ — ​ (43,615) Dividends paid ​ — ​ — ​ (2,073,893) ​ (106,978) ​ — ​ (2,180,871) Repayment of lease liabilities ​ — ​ (90,166) ​ — ​ — ​ — ​ (90,166) Cash paid for non-controlling interest ​ — ​ — ​ — ​ (155,177) ​ — ​ (155,177) Total changes from financing cash flows (436,522) (90,166) (2,073,893) (262,155) ​ (1,096,357) (3,959,093) Other changes not relating to financing cash flows ​ ​ ​ ​ ​ ​ ​ Interest accrued 613,439 20,464 — — ​ — 633,903 Interest paid (485,512) (20,464) — — ​ — (505,976) New leases, including modifications — 45,260 — — ​ — 45,260 Distributions to shareholders and non-controlling interest — — 2,047,690 109,932 ​ — 2,157,622 Changes in payables related to transaction costs on bonds issue ​ 39,012 ​ — ​ — ​ — ​ — ​ 39,012 Acquisition of loan with the subsidiary acquired ​ 30,765 ​ — ​ — ​ — ​ — ​ 30,765 Acquisition of non-controlling interest ​ — ​ — ​ — ​ 155,177 ​ — ​ 155,177 Foreign exchange gain 7 — 26,203 — ​ — 26,210 Foreign currency translation differences 39 (46) — (2,954) ​ — (2,961) Total other changes 197,750 45,214 2,073,893 262,155 ​ — 2,579,012 Balance at December 31, 2021 8,037,654 197,045 — — ​ (1,096,357) 7,138,342 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Payables to/ ​ ​ ​ Bank and ​ ​ ​ ​ ​ Receivables ​ ​ ​ ​ other loans ​ ​ ​ ​ ​ from non- ​ ​ ​ ​ and ​ ​ ​ Dividends ​ controlling ​ ​ ​ ​ borrowings ​ Lease ​ payables to ​ interests ​ ​ ​ ​ (Notes 21(a), ​ liabilities ​ shareholders ​ (Note ​ ​ ​ ​ 21(b)) ​ (Note 23) ​ (Note 19(d)) ​ 19(d)) ​ Total Balance at January 1, 2020 5,129,055 290,618 — — 5,419,673 Changes from financing cash flows ​ ​ ​ ​ ​ Bank and other loans received 4,616,478 — — — 4,616,478 Non-convertible bonds issued 4,000,000 — — — 4,000,000 Bank loan repaid ​ (5,397,895) ​ — ​ — ​ — ​ (5,397,895) Dividends paid ​ — ​ — ​ (1,885,441) ​ (102,731) ​ (1,988,172) Bank loan origination fees (56,668) — — — (56,668) Repayment of lease liabilities — (59,737) — — (59,737) Contribution from non-controlling interest received — — — 44 44 Total changes from financing cash flows 3,161,915 (59,737) (1,885,441) (102,687) 1,114,050 Other changes not relating to financing cashflows ​ ​ ​ ​ ​ Interest accrued 364,313 26,334 — — 390,647 Interest paid (339,845) (26,334) — — (366,179) New leases, including modifications — 10,754 — — 10,754 Distributions to shareholders and non-controlling interest — — 1,800,520 103,126 1,903,646 Transaction costs related to bond issue ​ (39,012) ​ — ​ — ​ — ​ (39,012) Contribution from non-controlling interest ​ — ​ — ​ — ​ (44) ​ (44) Foreign exchange gain ​ — ​ — ​ 84,921 ​ — ​ 84,921 Foreign currency translation differences ​ — ​ 362 ​ — ​ (395) ​ (33) Total other changes ​ (14,544) ​ 11,116 ​ 1,885,441 ​ 102,687 ​ 1,984,700 Balance at December 31, 2020 ​ 8,276,426 ​ 241,997 ​ — ​ — ​ 8,518,423 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank and ​ ​ ​ ​ ​ Dividends ​ ​ ​ ​ other loans ​ ​ ​ ​ ​ payables to ​ ​ ​ ​ and ​ ​ ​ Dividends ​ non- ​ ​ ​ ​ borrowings ​ Lease ​ payables to ​ controlling ​ ​ ​ ​ (Notes 21 (a), ​ liabilities ​ shareholders ​ interests (Note ​ ​ ​ ​ 21(b)) ​ (Note 23) ​ (Note 19(d)) ​ 19(d)) Total Balance at January 1, 2019 6,437,616 ​ 343,455 ​ — 5,916 6,786,987 Changes from financing cash flows ​ ​ ​ ​ ​ ​ ​ Bank loan repaid (1,055,000) ​ — ​ — — (1,055,000) Other loan repaid (270,000) ​ — ​ — — (270,000) Acquisition of non-controlling interest ​ — ​ — ​ — ​ (2,107) ​ (2,107) Dividends paid — ​ — ​ (1,133,501) (131,456) (1,264,957) Repayment of lease liabilities ​ — ​ (61,376) ​ — ​ — ​ (61,376) Total changes from financing cash flows (1,325,000) ​ (61,376) ​ (1,133,501) (133,563) (2,653,440) Other changes ​ ​ ​ ​ ​ ​ ​ Interest accrued 565,918 ​ 32,941 ​ — — 598,859 Interest paid (549,479) ​ (32,941) ​ — — (582,420) New leases, including modifications ​ — ​ 9,147 ​ — ​ — ​ 9,147 Distributions to shareholders and non-controlling interest — ​ — ​ 1,160,345 126,460 1,286,805 Foreign exchange loss ​ — ​ — ​ (26,844) ​ — ​ (26,844) Foreign currency translation differences — ​ (608) ​ — 1,187 579 Total other changes 16,439 ​ 8,539 ​ 1,133,501 127,647 1,286,126 Balance at December 31, 2019 5,129,055 ​ 290,618 ​ — — 5,419,673 ​

Trade and other payables

Trade and other payables	12 Months Ended
	Dec. 31, 2021
Trade and other payables
Trade and other payables	22. Trade and other payables ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020 Non-current trade and other payables Deferred consideration (Note 8) ​ 110,236 ​ 170,620 Payables to employees — 7,987 Total 110,236 178,607 Current trade and other payables ​ ​ Taxes payable 963,055 497,204 Trade payables 373,996 243,426 Payables to employees 359,418 265,176 Deferred consideration (Note 8) 67,267 234,086 Other payables 52,377 33,197 Total 1,816,113 1,273,089 ​ The Group’s exposure to currency and liquidity risk related to trade and other payables is disclosed in Note 26.

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases under IFRS 16
Leases	23. Leases The Group leases several office premises. See accounting policy in Notes 4 and 5. (i) Right-of-use assets ​ ​ ​ ​ ​ ​ ​ 2021 2020 Balance at January 1 215,120 ​ 279,249 Additions to right-of-use assets 31,642 ​ — Modification of right-of-use assets 13,618 ​ 10,754 Depreciation charge for the year (81,349) ​ (75,182) Translation difference (31) ​ 299 Balance at December 31 179,000 ​ 215,120 ​ (ii) Lease liabilities ​ ​ ​ ​ ​ ​ ​ 2021 2020 Balance at January 1 241,997 ​ 290,618 New leases 31,642 ​ — Modification of leases 13,618 ​ 10,754 Interest on lease liabilities 20,466 ​ 26,334 Payment of interest on lease liabilities (20,466) ​ (26,334) Payment of lease liabilities (90,166) ​ (59,737) Translation difference (46) ​ 362 Balance at December 31 197,045 ​ 241,997 including: ​ ​ ​ Current portion 100,864 ​ 77,752 Non-current portion 96,181 ​ 164,245 ​ (iii) Amounts recognized in the consolidated statement of income and comprehensive income ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 2019 Leases under IFRS 16 ​ ​ ​ ​ ​ ​ Interest on lease liabilities 20,466 ​ 26,334 ​ 32,941 Depreciation charge on right-of-use assets 81,349 ​ 75,182 ​ 74,365 Expenses relating to short-term leases 48,410 ​ 16,995 ​ 16,394 Total 150,225 ​ 118,511 ​ 123,700 ​ (iv) Amounts recognized in the consolidated statement of cash flows ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 2019 Total cash outflow for leases 159,042 103,065 ​ 110,710 ​

Other liabilities

Other liabilities	12 Months Ended
	Dec. 31, 2021
Other liabilities
Other liabilities	24. Other liabilities ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020 Non-current other liabilities ​ ​ ​ ​ Advance from depositary 135,741 142,531 Total 135,741 142,531 Current other liabilities ​ ​ Advance from depositary – current portion 54,770 38,759 Put liability to non-controlling participants in subsidiary ​ 85,146 ​ — Total 139,916 38,759 ​ In connection with IPO, the Group has signed the Deposit Agreement for the five years from May 8, 2019 till May 8, 2024, in accordance with which the Group has received the advance of 169,780 from the depositary as a consideration for the serving as a sole depositary of the Group’s ADSs during the contract period. In connection with the subsequent public offering in July 2020, the Group has received further contribution from the depositary of 58,918 for the five years from July 20, 2020 till July 20, 2025. In connection with the subsequent public offering in June 2021, the Group has received further contribution from the depositary of 52,489 for the five years from June 7, 2021 till June 7, 2026. The income is recognized on a straight-line basis over the period of the contract (taking into account the significant financing component) and was 58,226 for the year ended December 31, 2021, 41,617 for the year ended December 31, 2020 and 22,095 for the year ended December 31, 2019. The income is presented in “Other income” in the consolidated statement of income and comprehensive income. The advance is presented in “Other non-current liabilities” and “Other current liabilities” in the consolidated statement of financial position, and a change in the other liabilities relating to the Deposit Agreement of 5,738 (for the year ended December 31, 2020 –17,300 and for the year ended December 31, 2019 - 147,685) is included in “Change in other liabilities” in the consolidated statement of cash flows.

Provisions

Provisions	12 Months Ended
	Dec. 31, 2021
Provisions
Provisions	25. Provisions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Uncertain tax ​ ​ ​ ​ ​ positions related ​ ​ ​ ​ ​ ​ ​ ​ to LTIPs and ​ ​ ​ ​ ​ ​ ​ ​ equity awards to ​ Uncertain tax ​ ​ ​ ​ ​ ​ Board of ​ positions ​ ​ ​ ​ ​ ​ directors ​ (other than ​ ​ ​ ​ ​ (Note 20, 29(b)) income tax) Other Total Balance at 1 January 2021 172,158 494,315 — 666,473 Provisions made during the year 230,743 132,154 28,044 390,941 Provisions reversed during the year — (175,037) — (175,037) Provisions used during the year (6,915) — — (6,915) Balance at 31 December 2021 395,986 451,432 28,044 875,462 Non-current 117,345 — — 117,345 Current 278,641 451,432 28,044 758,117 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Uncertain tax ​ ​ ​ ​ positions related ​ ​ ​ ​ ​ ​ to LTIPs and ​ ​ ​ ​ ​ ​ equity awards to ​ Uncertain tax ​ ​ ​ ​ Board of ​ positions ​ ​ ​ ​ directors ​ (other than ​ ​ ​ (Note 20, 29(b)) income tax) Total Balance at 1 January 2020 45,896 — 45,896 Provisions made during the year 133,374 5,669 139,043 Assumed in business combinations (Note 8(b)) — 488,646 488,646 Provisions used during the year (7,112) — (7,112) Balance at 31 December 2020 172,158 494,315 666,473 Non-current 87,822 — 87,822 Current 84,336 494,315 578,651 ​

Financial instruments and risk

Financial instruments and risk management	12 Months Ended
	Dec. 31, 2021
Financial instruments and risk management
Financial instruments and risk management	26. Financial instruments and risk management The Group’s principal financial instruments are cash and cash equivalents. Other financial assets and liabilities include borrowings, trade receivables and trade and other payables (except for taxes payable). Substantially all of the financial assets are neither past due nor impaired. (a) Capital management policy The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust the capital structure, the Group may make dividend payments to shareholders, return capital to shareholders or issue new shares. According to the bank loan agreement (see Note 21(a)), the Group is required to maintain positive net assets in its subsidiaries on unconsolidated level. (b) Credit risk Credit risk is the risk that a counterparty of the Group fails to meet its obligations. The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting date was: ​ ​ ​ ​ ​ ​ ​ ​ Carrying amount as at ​ ​ December 31, ​ 2021 2020 Trade receivables 141,125 61,028 Cash and cash equivalents 6,523,228 3,367,610 Short-term investments ​ 300,000 ​ — Loans issued ​ — ​ 19,719 Total 6,964,353 3,448,357 ​ Trade receivables represent amounts owed by customers to the Group for the services provided. The Group’s customers come from various industries and none of the customers account for more than 10% of the revenues of the Group. Cash and cash equivalents of the Group are primarily kept with Russian banks PJSC ‘VTB Bank’ (credit ratings: Moody’s – Baa3, S&P – A3) and JSC ‘ALFA-BANK’ (credit ratings: Moody’s – Ba1, S&P - A3). Short-term investments of the Group is kept with Russian bank JSC ‘Gazprombank” (credit ratings: Moody’s – Baa3, S&P – A3). The Group limits its exposure to credit risk by holding cash and cash equivalents, short-term investments in the banks with high credit-ratings assigned by international credit-rating agencies. As a result of the global events described in Note 31, S&P and Moody’s have withdrawn their credit ratings of Russian banks. (c) Currency risk The Group’s exposure to the risk of changes in foreign exchange rates related primarily to the net assets of the Group’s subsidiaries denominated in a currency that is different from their functional currency. The functional currencies of Group’s companies are primarily the Russian Rouble (RUB), Belarus Rouble (BYN), and Kazakh Tenge (KZT). The net assets denominated in foreign currency mainly relate to USD-denominated cash balances. The Group’s exposure to foreign currency risk was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ USD- ​ EUR- ​ RUB- ​ ​ denominated ​ denominated ​ denominated Cash and cash equivalents 185,071 12,647 5,694 Trade and other payables (220,511) (6,255) (962) Trade and other receivables ​ 4,663 ​ 623 ​ — Net exposure (30,777) 7,015 4,732 ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ USD- ​ EUR- ​ RUB- ​ ​ denominated ​ denominated ​ denominated Cash and cash equivalents 173,016 930 14,391 Trade and other payables (32,371) (8,063) — Trade and other receivables ​ 6,481 ​ 794 ​ — Net exposure 147,126 (6,339) 14,391 ​ Sensitivity analysis The Group estimates that an appreciation of USD relative to the RUB by 10% would result in 3,078 loss before tax and decrease of equity as at December 31, 2021 (as of December 31, 2020 – gain of 14,713). As a result of the subsequent events described in Note 31, significant depreciation of the Russian Rouble has resulted in upward revaluation of USD denominated payables, as well as cash and cash equivalents. The net effect on profit or loss (before the effect of income taxes) in case of a 50% weakening of the Russian Rouble against USD will be 15,389 (based on currency exposure as at 31 December 2021). The Group estimates that an appreciation or depreciation of other currencies would not result in material loss before tax and decrease of equity as at December 31, 2021 and December 31, 2020. The Group limits its exposure to currency risk by denominating substantial monetary assets and liabilities in currencies that match the cash flows generated by the underlying operations of the Group. In respect of monetary assets and liabilities denominated in foreign currencies, the Group’s policy is to ensure that its net exposure is kept to an acceptable level. (d) Interest rate risk Changes in interest rates impact primarily loans and borrowings by changing their future cash flows or fair value (see Note 21). Management does not have a formal policy of determining how much of the Group’s exposure should be to fixed or variable rates. However, at the time of raising new loans or borrowings management uses its judgment to decide whether it believes that a fixed or variable rate would be more favourable to the Group over the expected period until maturity. The Group is exposed to interest risk primarily due to possible change in future cash-flows on its loan from PJSC “VTB Bank”, which bears interest rate equal to Central Bank of Russia Key Rate + 2% as described in Note 21 (a). As a result of the subsequent events described in Note 31, the increase in the key rate to 20% will result in interest expense being increased by 460,893 on an annualized basis, assuming balances remain consistent with those outstanding as of December 31, 2021. (e) Liquidity risk Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. Liabilities of the Group exposed to liquidity risk are mainly consisting of bank loans payable, lease payables and trade and other payables repayable in the period less than one year (see Notes 21, 22 and 23). The Group manages liquidity risk by constantly reviewing forecasted cash flows to ensure that the Group has sufficient liquidity to maintain necessary capital expenditures and service the Group’s debt without incurring temporary cash shortfalls. As at December 31, 2021 the Group’s current liabilities exceeded current assets by 1,101,789. The Group’s current liabilities were mainly represented by contract liabilities of 4,560,634. Due to the nature of the Group’s business, a substantial portion of customers pay upfront for subscriptions, thus contract liabilities arise. The Group expects that contract liabilities will continue to be significant and thus negative working capital will be maintained in the future periods. Management considers such structure of the working capital acceptable to the Group’s business model. ​ The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, and include estimated interest payments and exclude the impact of netting agreements. At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contractual cash flows ​ ​ Carrying ​ ​ ​ Less than ​ ​ ​ ​ ​ amount Total 1 year 1-2 yrs 2-5 yrs Non-derivative financial liabilities ​ ​ Bank loan 4,048,059 5,240,966 1,091,707 823,594 3,325,665 Non-convertible bonds ​ 3,985,802 ​ 4,514,560 ​ 257,280 ​ 4,257,280 ​ — Other loan ​ 3,793 ​ 3,871 ​ 784 ​ 3,087 ​ — Lease liabilities 197,045 222,389 116,469 96,756 9,164 Trade and other payables 963,294 970,901 853,057 67,267 50,577 Total 9,197,993 10,952,687 2,319,297 5,247,984 3,385,406 ​ At December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contractual cash flows ​ ​ Carrying ​ ​ ​ Less than ​ ​ ​ ​ ​ amount Total 1 year 1-2 yrs 2-5 yrs Non-derivative financial liabilities Bank loan 4,302,297 5,315,182 752,223 717,226 3,845,733 Non-convertible bonds ​ 3,972,640 ​ 4,771,840 ​ 257,280 ​ 257,280 ​ 4,257,280 Other loan ​ 1,488 ​ 1,540 ​ 1,540 ​ — ​ — Lease liabilities 241,997 274,447 94,775 93,050 86,622 Trade and other payables 954,492 962,358 775,885 67,762 118,711 Total 9,472,914 11,325,367 1,881,703 1,135,318 8,308,346 ​

Consolidated subsidiaries

Consolidated subsidiaries	12 Months Ended
	Dec. 31, 2021
Consolidated subsidiaries
Consolidated subsidiaries	27. Consolidated subsidiaries ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Country of ​ December 31, ​ December 31, ​ December 31, ​ incorporation 2021 2020 2019 ​ Headhunter LLC Russia 100 % 100 % 100 % Zarplata.ru LLC (see Note 8(b)) ​ Russia ​ 100 % 100 % — ​ Skillaz LLC (see Note 8(a)) ​ Russia ​ 74.99 % — ​ — ​ Zemenik LLC Russia 100 % 100 % 100 % Headhunter FSU Limited Cyprus 100 % 100 % 100 % Headhunter KZ LLC Kazakhstan 66 % 66 % 66 % 100 Rabot TUT LLC 1 Belarus 50 % 50 % 50 % Vsya rabota LLC 1 Belarus 50 % 50 % — ​ 1 ​ On July 9, 2020 a new subsidiary “Vsya rabota LLC” in Belarus was established in which the Group owns 50% of the participants rights. The new entity was established for the purposes of restructuring the existing business. Shareholders of the new subsidiary and top-management team are the same as those of “100 Rabot TUT LLC”.

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2021
Contingencies
Contingencies	28. Contingencies (a) Insurance The insurance industry in the Russian Federation is in a developing state and many forms of insurance protection common in other parts of the world are not yet generally available. The Group does not have full coverage for its business interruption or third party liability in respect of damage relating to Group operations, however, it has coverage against claims related to misconduct of its directors and officers. Until the Group obtains adequate insurance coverage, there is a risk that the loss or destruction of certain assets could have a material adverse effect on the Group’s operations and financial position. (b) Taxation contingencies The taxation system in the Russian Federation continues to evolve and is characterised by frequent changes in legislation, official pronouncements and court decisions, which are sometimes contradictory and subject to varying interpretation by different tax authorities. Taxes are subject to review and investigation by a number of authorities, which have the authority to impose severe fines, penalties and interest charges. A tax year generally remains open for review by the tax authorities during the three subsequent calendar years; however, under certain circumstances a tax year may remain open longer. Recent events within the Russian Federation suggest that the tax authorities are taking a more assertive and substance-based position in their interpretation and enforcement of tax legislation. In addition, changes aimed at regulating tax consequences of transactions with foreign companies have been introduced, such as concept of beneficial ownership of income, taxation of controlled foreign companies, tax residency rules, etc. These changes may potentially impact the Group’s tax position and create additional tax risks. This legislation and practice of its application is still evolving and the impact of legislative changes should be considered based on the actual circumstances. All these circumstances may create tax risks in the Russian Federation that are substantially more significant than in other countries. Management believes that it has provided adequately for tax liabilities based on its interpretations of applicable Russian tax legislation, official pronouncements and court decisions. However, the interpretations of the tax authorities and courts, especially due to reform of the supreme courts that are resolving tax disputes, could differ and the effect on these consolidated financial statements, if the authorities were successful in enforcing their interpretations, could be significant. Also, in accordance with latest court practice and recent changes to the Russian tax legislation on unjustified tax benefits there is a risk that tax authorities may successfully challenge the legal form of certain transactions of the Group and apply tax treatment based on the perceived economic substance. Management estimated tax contingencies of approximately RUB 629 million as at December 31, 2021 connected with development of the above mentioned practices and interpretations (as at December 31, 2020 – RUB 780 million).

Related parties

Related parties	12 Months Ended
	Dec. 31, 2021
Related parties
Related parties	29. Related parties During the year ended December 31, 2021 and 2020, HIGHWORLD INVESTMENTS LTD, an investment vehicle associated with Elbrus Capital, and ELQ Investors VIII Limited, an investment vehicle associated with The Goldman Sachs Group, Inc., have significant influence on the Group. (a) Transactions with Key management On July 30, 2021, the Group’s board of directors approved several changes in the Group’s internal structure relating to the reorganization of product development division. As a result of this reorganization, the management role of the Chief Strategy Officer has been extended, he was promoted to the Deputy Chief Executive Officer and became responsible for the entire product development division, while retaining his prior responsibilities over corporate development, monetization and corporate strategy. As a result, since July 30, 2021, the Key management comprises the Chief Executive Officer, Chief Financial Officer, Deputy Chief Executive Officer, Chief Marketing Officer and Chief Commercial Officer, who make all key decisions regarding running the business. Before July 30, 2021, the Key management comprises the Chief Executive Officer, Chief Financial Officer, Chief Strategy Officer, Chief Marketing Officer, Chief Commercial Officer, Chief Product Officer and Chief Business Development Officer. Key management received the following remuneration during reporting periods, which is included in ‘Operating costs and expenses (exclusive of depreciation and amortization)’ in profit or loss: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended ​ ​ December 31, ​ ​ 2021 2020 2019 Salary and bonus 111,702 102,164 116,784 LTIPs, including related social taxes 275,640 224,527 167,004 Pension contributions 12,603 11,469 12,825 Other social contributions 6,147 5,599 6,404 Total remuneration 406,092 343,759 303,017 ​ (b) Transactions with Board of Directors Starting May 8, 2019, the Board of Directors comprises of nine members, including the three independent directors, who oversee the operations of the Group and supervise the policies of key management and the affairs of the Group. The Board of Directors received the following remuneration during reporting periods, which is included in ‘Operating costs and expenses (exclusive of depreciation and amortization)’ in profit or loss: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended ​ ​ December 31 ​ ​ 2021 2020 2019 Cash compensation 30,460 30,099 17,281 Equity awards, including social taxes 24,654 23,597 15,025 Pension contributions 4,628 6,238 2,930 Other social contributions 717 400 195 Total remuneration 60,459 60,334 35,431 ​ The social tax liability related to equity awards of 7,453 (as at December 31, 2020 – 4,068) is presented within ‘Provisions’ in the consolidated statement of financial position due to uncertain amount of tax that will be determined based on future share price. ​ (c) Transactions with other related parties The Group’s other related party transactions mostly relate to the provision of services to subsidiaries of our shareholders. The Group’s transactions with other related parties are disclosed below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans granted Loans received Services provided to ​ ​ to related parties ​ from related parties ​ and received from related parties ​ ​ Amounts ​ ​ ​ Amounts ​ ​ ​ Services ​ Amounts ​ Services ​ Amounts ​ ​ owed by ​ ​ ​ owed to ​ ​ ​ provided to ​ owed by ​ received from ​ owed to ​ ​ related ​ Interest ​ related ​ Interest ​ related ​ related ​ related ​ related ​ ​ parties income parties expense parties parties parties parties For the year ended and as of December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiaries of shareholders exercising significant influence over the Group ​ — ​ — ​ — ​ — ​ 6,508 ​ — ​ — ​ 1,729 Non-controlling shareholders ​ — ​ — ​ 3,793 ​ 572 ​ — ​ — ​ — ​ — Equity-accounted investee ​ — ​ 782 ​ — ​ — ​ 2,525 ​ — ​ 609 ​ — ​ ​ — ​ 782 ​ 3,793 ​ 572 ​ 9,033 ​ — ​ 609 ​ 1,729 For the year ended and as of December 31, 2020 Subsidiaries of shareholders exercising significant influence over the Group — — — — 4,621 — 720 688 Non-controlling shareholders ​ — ​ — ​ 1,478 ​ 11 ​ — ​ — ​ — ​ — Equity-accounted investee ​ 19,719 ​ 947 ​ — ​ — ​ 2,281 ​ 1,140 ​ 26 ​ — ​ 19,719 947 1,478 11 6,902 1,140 746 688 For the year ended and as of December 31, 2019 Shareholders of the Group — — — — — — 9,309 * — Subsidiaries of shareholders exercising significant influence over the Group — — — — 7,448 — — 270 ​ — — — — 7,448 ​ 9,309 270 * All related party transactions were made in accordance with contractual terms and conditions agreed between the parties.

New standards and interpretatio

New standards and interpretations not yet adopted	12 Months Ended
	Dec. 31, 2021
New standards and interpretations not yet adopted
New standards and interpretations not yet adopted	30. New standards and interpretations not yet adopted A number of new and amended standards are effective for annual periods beginning after January 1, 2021 and earlier application is permitted; however, the Group has not earlier adopted the new or amended standards in preparing these consolidated financial statements. These new and amended standards are not expected to have a significant impact on the Group’s consolidated financial statements. ● COVID-19-Related Rent Concessions beyond 30 June 2021 (Amendment to IFRS 16); ● Onerous Contracts – Cost of Fulfilling a Contract (Amendments to IAS 37); ● Annual Improvements to IFRS Standards 2018-2020; ● Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16); ● Reference to the Conceptual Framework (Amendments to IFRS 3); ● IFRS 17 Insurance Contracts and amendments to IFRS 17 Insurance Contracts; ● Classification of liabilities as current or non-current (Amendments to IAS 1); ● Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2); ● Definition of Accounting Estimate (Amendments to IAS 8); ● Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction Amendments to IAS 12 Income Taxes.

Subsequent events

Subsequent events	12 Months Ended
	Dec. 31, 2021
Subsequent events
Subsequent events	31. Subsequent events (i) Dividend On January 13, 2022 the Board of Directors approved interim dividend of $0.84 per share, which totalled to $ 42,260,211 or 3,149,557. The dividends were paid to shareholders in February 2022. (ii) Impact of the Latest Geopolitical Developments on the Group In recent weeks, following the commencement of military operations in Ukraine by the Russian Federation, additional severe sanctions were imposed by the United States of America, the European Union and some other countries on the Russian government, as well as major financial institutions and certain other entities and individuals in Russia. In addition, restrictions were introduced on supply of various goods and services to Russian entities. In response to the sanctions described above, the Russian government introduced certain currency control measures while the Russian Central Bank increased the key rate to 20%. On April 11, 2022 the Russian Central Bank decreased the key rate to 17%. On February 28, 2022, Nasdaq has suspended trading of the Group’s ADSs. At the end of March, the trading of the Group’s ADSs in MOEX has been resumed. As far as the Company is aware, neither the Company nor any of its subsidiaries is directly subject to any sanctions announced to date by the United States, the United Kingdom, the European Union or other countries. As the market situation is constantly evolving, it is difficult to accurately predict the full impact of the sanctions that were introduced or any measures taken by the Russian government in response to such sanctions, including the nationalization of foreign held assets. Despite very strong online recruitment industry fundamentals, the Group cannot guarantee that these sanctions or responsive measures will not adversely affect the Russian economy or its business activities and financial position. Management considers various budget scenarios and cash-flow forecasts for the foreseeable future, which is at least 12 months from the date when these consolidated financial statements were authorized for issue, including stress-test scenario, which is based on severe but plausible assumptions. In accordance with all scenarios as considered by management, the Group has adequate resources to continue its operations without significant disruptions for at least 12 months from the date when these consolidated financial statements were authorized for issue. The Group has a strong balance sheet, with a significant cash balance and a low Net Debt / Segment EBITDA ratio. The Group’s subscription-based business model is highly cash generative, and the Group recently paid an interim dividend for the year December 31, 2021. The Group’s debt is due in more than 12 months, including a RUB 4 billion bond payable at the end of 2023, and the Group’s subsidiary’s loan with VTB Bank maturing in 2025. All of these factors allow the Group to maintain the strong cash position and preserve financial flexibility even in the case of a protracted economic downturn. However, recently the United States, the United Kingdom, the European Union authorities announced that certain Russian banks may be disconnected from SWIFT. Management believe that this will not impact the Group’s day-to-day operations adversely. In addition, the Group is subject to risks relating to technology as a result of the current environment. If the Western businesses on which the Group relies for aspects of business technology infrastructure and support, including information security and firewall protection, are unable to continue to provide uninterrupted services, the Group’s operations may be adversely impacted. The Group’s business activities may also be disrupted if the Group’s app is no longer available for download from iOS and Android app stores. The impact of subsequent events on the Group’s financial position and operations is also considered in Notes 1(b), 15, 16 and 26. (iii) Share buyback As disclosed in Note 19 (f), the Group terminated the share buyback program on March 3, 2022.

Significant accounting polici_2

Significant accounting policies (Policies)	12 Months Ended
	Dec. 31, 2021
Significant accounting policies
Basis of consolidation	(a) Basis of consolidation (i) Business combinations Business combinations are accounted for using the acquisition method as at the acquisition date, which is the date on which control is transferred to the Group (see (iii) below). The Group measures goodwill at the acquisition date as: ● the fair value of the consideration transferred; plus ● the recognized amount of any non-controlling interests in the acquiree; plus ● if the business combination is achieved in stages, the fair value of the pre-existing equity interest in the acquire; less ● the net recognized amount (generally fair value) of the identifiable assets acquired and liabilities assumed. Transaction costs, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination are expensed as incurred. Any contingent consideration is measured at fair value at the date of acquisition. If an obligation to pay contingent consideration that meets the definition of a financial instrument is classified as equity, then it is not remeasured and settlement is accounted for within equity. Otherwise, other contingent consideration is remeasured at fair value at each reporting date and subsequent changes in the fair value of the contingent consideration are recognized in profit or loss. (ii) Non-controlling interests (NCI) Non-controlling interests are measured at their proportionate share of the acquiree’s identifiable net assets at the acquisition date. If, however, the LLC subsidiary’s charter provides exit rights for its participants, then the participants interests classified as liability to NCI. All changes in liability to NCI are recognized in the profit and loss. Change in the Group’s interest in a subsidiary that do not result in a loss of control is accounted for as equity transaction. (iii) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. The accounting policies of subsidiaries have been changed when necessary to align them with the policies adopted by the Group. (iv) Loss of control Upon the loss of control, the Group derecognises the assets and liabilities of the subsidiary, any non-controlling interests and the other components of equity related to the subsidiary. Any surplus or deficit arising on the loss of control is recognized in profit or loss. If the Group retains any interest in the previous subsidiary, then such interest is measured at fair value at the date that control is lost. Subsequently it is accounted for as an equity-accounted investee or in accordance with IFRS 9 depending on the level of influence retained. (v) Interests in equity-accounted investees The Group’s interests in equity-accounted investees comprise interests in associates. Associates are those entities in which the Group has significant influence, but not control or joint control, over the financial and operating policies. Interests in associates are accounted for using the equity method. They are initially recognized at cost, which includes transaction costs. At the date of acquisition, any excess of the cost of acquisition over the Group’s share of the net fair value of the identifiable assets, liabilities and contingent liabilities of the associate is recognized as goodwill. The goodwill is included within the carrying amount of the investment. Subsequent to initial recognition, the consolidated financial statements include the Group’s share of profit or loss and other comprehensive income (“OCI”) of equity-accounted investees, after adjustments to align the accounting policies with those of the Group, until the date on which significant influence ceases. Our investments in associate are generally designated as separate cash-generating unites (“CGUs”). The recoverable amount of these CGUs is determined based on a value in use calculation using appropriate financial models. (vi) Transactions eliminated on consolidation Intra-group balances and transactions, and any unrealised income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealised gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent that there is no evidence of impairment.
Foreign currency	(b) Foreign currency (i) Foreign currency transactions Transactions in foreign currencies are translated to the respective functional currencies of Group entities at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated to the functional currency at the exchange rate at that date. The foreign currency gain or loss on monetary items is the difference between amortised cost in the functional currency at the beginning of the period, adjusted for effective interest and payments during the period, and the amortised cost in foreign currency translated at the exchange rate at the end of the reporting period. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are retranslated to the functional currency at the exchange rate at the date that the fair value was determined. Foreign currency differences arising in retranslation are recognized in profit or loss. (ii) Foreign operations The assets and liabilities of foreign operations, including goodwill and fair value adjustments arising on acquisition, are translated to RUB at the exchange rates at the reporting date. The income and expenses of foreign operations are translated to RUB at monthly average exchange rates. Foreign currency differences are recognized in other comprehensive income, and presented in the foreign currency translation reserve in equity. However, if the operation is a non-wholly owned subsidiary, then the relevant proportionate share of the foreign currency translation difference is allocated to non-controlling interests. When a foreign operation is disposed of, in part or in full, the relevant amount in the foreign currency translation reserve is transferred to profit or loss as part of the profit or loss on disposal. Foreign exchange gains and losses arising from a monetary item receivable from or payable to a foreign operation, the settlement of which is neither planned nor likely in the foreseeable future, are considered to form part of a net investment in a foreign operation and are recognized in other comprehensive income, and are presented within equity in the foreign currency translation reserve.
Financial instruments	(c) Financial instruments (i) Recognition and initial measurement Trade receivables and debt securities issued are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at fair value through profit or loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. (ii) Classification and subsequent measurement Financial assets On initial recognition, a financial asset is classified as measured at: amortised cost; fair value through other comprehensive income (FVOCI) – debt investment; FVOCI – equity investment; or fair value through profit or loss (FVTPL). Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL: ● it is held within a business model whose objective is to hold assets to collect contractual cash flows; and ● its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL: ● it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and ● its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. On initial recognition of an equity investment that is not held for trading, the Group may irrevocably elect to present subsequent changes in the investment’s fair value in OCI. This election is made on an investment-by-investment basis. All financial assets not classified as measured at amortised cost or FVOCI as described above are measured at FVTPL. On initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortised cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. The financial assets of the Group comprise trade and other receivables and cash and cash equivalents, which are classified as measured at amortized cost. Cash and cash equivalents comprise cash balances and call deposits. These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss. Financial liabilities Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. The Group has not designated any financial liabilities at FVTPL and it has no current intention to do so. (iii) Derecognition and modification The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. Any interest in transferred financial assets that is created or retained by the Group is recognized as a separate asset or liability. The Group derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different. In this case, a new financial liability based on the modified terms is recognised at fair value. The difference between the carrying amount of the financial liability extinguished and the new financial liability with modified terms is recognised in profit or loss. If a modification (or exchange) does not result in the derecognition of the financial liability the Group applies accounting policy consistent with the requirements for adjusting the gross carrying amount of a financial asset when a modification does not result in the derecognition of the financial asset, i.e. the Group recognises any adjustment to the amortised cost of the financial liability arising from such a modification (or exchange) in profit or loss at the date of the modification (or exchange). The Group performs a quantitative and qualitative evaluation of whether the modification is substantial considering qualitative factors, quantitative factors and combined effect of qualitative and quantitative factors. The Group concludes that the modification is substantial as a result of the following qualitative factors: ● change the currency of the financial liability; ● change in collateral or other credit enhancement; ● inclusion of conversion option; ● change in the subordination of the financial liability. For the quantitative assessment the terms are substantially different if the discounted present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective interest rate, is at least 10 per cent different from the discounted present value of the remaining cash flows of the original financial liability. If an exchange of debt instruments or modification of terms is accounted for as an extinguishment, any costs or fees incurred are recognised as part of the gain or loss on the extinguishment. If the exchange or modification is not accounted for as an extinguishment, any costs or fees incurred adjust the carrying amount of the liability and are amortised over the remaining term of the modified liability. Changes in cash flows on existing financial assets or financial liabilities are not considered as modification, if they result from existing contractual terms, e.g. changes in interest rates effectively initiated by the Group due to changes in the Central Bank of Russia key rate, if the loan contract entitles the Group to prepay the loan without significant penalty. (iv) Offsetting Financial assets and liabilities are offset and the net amount presented in the consolidated statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the recognized amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously. The Group currently has a legally enforceable right to set off if that right is not contingent on a future event and enforceable both in the normal course of business and in the event of default, insolvency or bankruptcy of the Group and all counterparties.
Share capital	(d) Share capital Ordinary shares Ordinary shares are classified as equity. Incremental costs directly attributable to issue of ordinary shares and share options are recognized as a deduction from equity, net of any tax effects. Dividends Dividends are recognized as a liability in the period in which they are declared. Repurchase and reissue of ordinary shares (treasury shares) When shares recognised as equity are repurchased, the amount of the consideration paid, which includes directly attributable costs, is recognised as a deduction from equity. Repurchased shares are classified as treasury shares and are presented within category “Treasury shares” in the consolidated statements of changes in equity. When treasury shares are sold or reissued subsequently, the amount received is recognised as an increase in “Treasury shares” and the resulting surplus or deficit on the transaction is presented within “Share premium”.
Property and equipment	(e) Property and equipment (i) Recognition and measurement Items of property and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the asset. Purchased software that is integral to the functionality of the related equipment is capitalised as part of that equipment. When parts of an item of property and equipment have different useful lives, they are accounted for as separate items (major components) of property and equipment. Gains and losses on disposal of an item of property and equipment are determined by comparing the proceeds from disposal with the carrying amount of property and equipment, and are recognized net within ‘Operating costs and expenses (exclusive of depreciation and amortization)’ in profit or loss. (ii) Subsequent costs The cost of replacing part of an item of property and equipment is recognized in the carrying amount of the item if it is probable that the future economic benefits embodied within the part will flow to the Group and its cost can be measured reliably. The carrying amount of the replaced part is derecognized. The costs of the day-to-day servicing of property and equipment are recognized in profit or loss as incurred. (iii) Depreciation Depreciation is calculated over the depreciable amount, which is the cost of an asset, or other amount substituted for cost, less its residual value. Depreciation is recognized in profit or loss on a straight-line basis over the estimated useful lives of each part of an item of property and equipment, since this most closely reflects the expected pattern of consumption of the future economic benefits embodied in the asset. The estimated useful lives for the current and comparative periods are as follows: ​ ● 2-5 years ​ ​ ​ ● 2-5 years ​ ​ ​ ● 2-5 years ​ ​ ​ ● 3-5 years (the shorter of five years or the remaining period of the lease term) ​ ​ ​ ● 1-3 years ​ Depreciation methods, useful lives and residual values are reviewed at each financial year end and adjusted if appropriate.
Intangible assets	(f) Intangible assets (i) Goodwill Goodwill that arises on the acquisition of subsidiaries is included in intangible assets. For measurement of goodwill, see Note 15. Subsequent measurement Goodwill is measured at cost less accumulated impairment losses. (ii) Intangible assets assumed in business combination Identifiable intangible assets assumed in a business combination are initially recognized at fair value and subsequently measured at initially recognized amount less accumulated amortization and accumulated impairment losses. Such assets include, but are not limited to: brand name “hh.ru” (registered on March 11, 2011 with certificate № 431008), brand name “zarplata.ru” since 2020 (see Note 8) (registered on January 19, 2017 with certificate #602175), brand name “skillaz” since 2021 (see Note 8) (registered on February 15, 2021 with certificate #797909), web-sites, software “skillaz”, CV databases, and non-contractual customer relationships. (iii) Research and development Expenditures on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and understanding, are recognized in profit or loss as incurred. Development activities involve a plan or design for the production of new or substantially improved products and processes. Development expenditures are capitalised only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. The capitalised expenditures include direct labour and overhead costs that are directly attributable to preparing the asset for its intended use. Other development expenditures are recognized in the profit or loss as incurred. Subsequent to initial recognition, capitalised development expenditures are measured at cost less accumulated amortization and accumulated impairment losses. In accordance with the policies above, the Group has capitalised expenditures related to development of the Group’s website software. (iv) Other intangible assets Other intangible assets that are acquired by the Group, which have finite useful lives, are measured at cost less accumulated amortization and accumulated impairment losses. (v) Subsequent expenditures Subsequent expenditures are capitalised only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditures, including expenditures on internally generated goodwill and brands, are recognized in the profit or loss as incurred. (vi) Amortization Amortization is calculated over the cost of the asset, or other amount substituted for cost, less its residual value. Amortization is recognized in profit or loss on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use since this most closely reflects the expected pattern of consumption of future economic benefits embodied in the asset. The estimated useful lives for the current and comparative periods are as follows: ​ ● 2-10 years ​ ​ ​ ● 5-10 years ​ ​ ​ ● 10 years ​ ​ ​ ● 5-10 years ​ ​ ​ ● 3 years ​ ​ ​ ● ​ 5 years ​ ​ ​ ● 1-3 years ​ Amortization methods, useful lives and residual values are reviewed at each financial year end and adjusted if appropriate.
Impairment	(g) Impairment (i) Financial assets The Group recognises loss allowances for expected credit losses (ECLs) on financial assets measured at amortised cost. The Group measures loss allowances at an amount equal to lifetime ECLs, except for the following, which are measured at 12-month ECLs: ● bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not increased significantly since initial recognition. Loss allowance for trade receivables is always measured at an amount equal to lifetime ECLs. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group’s historical experience and informed credit assessment and including forward-looking information. The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. 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 realising security (if any is held); or ● the financial asset is more than 90 days past due. The Group considers a debt security to have low credit risk when its credit risk rating is equivalent to the globally understood definition of ‘investment grade’. Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk. Measurement of ECLs ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the entity in accordance with the contract and the cash flows that the Group expects to receive). ECLs are discounted at the effective interest rate of the financial asset. Credit-impaired financial assets At each reporting date, the Group assesses whether financial assets carried at amortised cost are credit-impaired. A financial asset is ‘credit-impaired’ when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred. Evidence that a financial asset is credit-impaired includes the following observable data: ● significant financial difficulty of the borrower or issuer; ● a breach of contract such as a default or being more than 90 days past due; ● the restructuring of a loan or advance by the Group on terms that the Group would not consider otherwise; ● it is probable that the borrower will enter bankruptcy or other financial reorganisation; or ● the disappearance of an active market for a security because of financial difficulties. Presentation of allowance for ECL in the consolidated statement of financial position Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets. Write-off The gross carrying amount of a financial asset is written off when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. (ii) Non-financial assets The carrying amounts of the Group’s non-financial assets, other than inventories and deferred tax assets are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. For goodwill and intangible assets that have indefinite lives or that are not yet available for use, the recoverable amount is estimated annually or when events occur or circumstances change that would indicate the carrying value exceeds the recoverable amount. The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their 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 asset. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the “cash-generating unit”, “CGU”). For the purposes of goodwill impairment testing, goodwill acquired in a business combination is allocated to the group of CGU that is expected to benefit from the synergies of the combination. This allocation is subject to an operating segment ceiling test and reflects the lowest level at which that goodwill is monitored for internal reporting purposes. The Group’s corporate assets do not generate separate cash inflows. If there is an indication that a corporate asset may be impaired, then the recoverable amount is determined for the CGU to which the corporate asset belongs. An impairment loss is recognized if the carrying amount of an asset or its CGU exceeds its recoverable amount. Impairment losses are recognized in profit or loss. Impairment losses recognized in respect of CGU are allocated first to reduce the carrying amount of any goodwill allocated to the units and then to reduce the carrying amount of the other assets in the unit (group of units) on a pro rata basis. An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized.
Leases	(h) Leases At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Group uses the definition of a lease in IFRS 16. At commencement or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of its relative stand-alone prices. The Group recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received. The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the Group by the end of the lease term or the cost of the right-of-use asset reflects that the Group will exericise the purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability. 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 interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate. The Group determines its incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain adjustments to reflect the terms of the lease and type of the asset leased. Lease payments included in the measurement of the lease liability comprise the following: ● fixed payments, including in-substance fixed payments; ● variable lease payments that depend on an index or rate, initially measured using the index or rate as at the commencement date; ● amounts expected to be payable under a residual value guarantee; and ● the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension period, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early. The lease liability is measured at amortised cost using the effective interest method. It 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, if the Group changes its assessment of whether it will exercise purchase, extension or termination option or if there is a revised in-substance fixed lease payments. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero. The Group presents right-of use assets and lease liabilities in separate lines in the consolidated statement of financial position. The Group has applied judgement to determine the lease term for some lease contracts in which it is a lessee and which include renewal options. The Group considers the broader economics of the contract, not only contractual termination payments. If either party has an economic incentive not to terminate the lease such that it would incur a penalty on termination that is more than insignificant, the contract is enforceable beyond the date on which the contract can be terminated. Due to the nature of leased assets and considering the useful life of leasehold improvements the Group analyzed contract arrangements and their economics and has not identified any special termination policies, incentives or renewal options that should impact the lease term. The assessment of whether the Group is reasonably certain to exercise such options impacts the lease term, which significantly affects the amount of lease liabilities and right-of-use assets recognized. Short-term leases The Group has elected not to recognize right-of-use assets and lease liabilities of short-term leases. The Group recognizes the lease payments associated with these leases as an expense on a straight-line basis over the lease term.
Provisions	(i) Provisions A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognized as finance cost. Restructurings A restructuring provision is recognised when the Group has developed a detailed formal plan for the restructuring and has raised a valid expectation in those affected that it will carry out the restructuring by starting to implement the plan or announcing its main features to those affected by it. The measurement of a restructuring provision includes only the direct expenditures arising from the restructuring, which are those amounts that are both necessarily entailed by the restructuring and not associated with the ongoing activities of the entity.
Revenue	(j) Revenue We earn revenue primarily from granting access to our CV database and displaying job advertisements on our web site. The payment terms for most contracts require a full prepayment. Unearned revenues are reported in the consolidated statement of financial position as contract liabilities. Revenue is measured based on the consideration specified in a contract with a customer. The Group recognises revenue when it transfers control over a good or service to a customer. CV database access (before August 2020). CV database access with limited number of contact views CV database access with limited number of contact views (from August 2020). Job postings. Bundled subscriptions. Other value-added services (“VAS”). Starting March 31, 2021 the revenue from other VAS includes Skillaz’ software offerings via a cloud-based IT environment (“SaaS”) or on-premise IT environments. Revenue from Skillaz’ software offerings via a cloud-based IT environment (“SaaS”), including related support and maintenance, is recognized on a straight-line basis over the period in which the cloud services are provided. Revenue from Skillaz’ software offerings via on-premise IT environment is recognized at the point of time when the license is transferred to the client.
Employee benefits	(k) Employee benefits Employee benefits include short-term employee benefits, social taxes, share-based payments and other long-term employee benefits, and are disclosed in ‘Personnel expenses’ in Note 11. (i) Short-term employee benefits Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognized for the amount expected to be paid under short-term cash bonus or other type of remuneration if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably. (ii) Social taxes and State pension fund Social taxes represent the Group’s payments to the State owned defined contribution plan under which an entity pays fixed contributions to the State and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to Russia’s State pension fund, are recognized as an employee benefit expense in profit or loss in the periods during which services are rendered by employees. (iii) Share-based payments Equity-settled awards The cost of equity-settled awards is based on the fair value at the date when the grant is made using an appropriate valuation model, further details of which are given in Note 20. The related cost is recognised in ‘Personnel expenses’ (see Note 11), together with a corresponding increase in equity (share premium), over the period in which the service and, where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognised for equity-settled awards at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group’s best estimate of the number of equity instruments that will ultimately vest. The expense or credit in the consolidated statement of income and comprehensive income for a period represents the movement in cumulative expense recognised between the beginning and end of that period. Service and non-market performance conditions are not taken into account when determining the grant date fair value of awards, but the likelihood of the conditions being met is assessed as part of the Group’s best estimate of the number of equity instruments that will ultimately vest. Market performance conditions are reflected within the grant date fair value. Any other conditions attached to an award, but without an associated service requirement, are considered to be non-vesting conditions. Non-vesting conditions are reflected in the fair value of an award and lead to an immediate expensing of an award unless there are also service and/or performance conditions. Cash-settled awards A liability is recognised for the fair value of cash-settled awards. The fair value is measured initially and at each reporting date up to and including the settlement date, with changes in fair value recognised in ‘Personnel expenses’ (see Note 11). The fair value is expensed over the period until the vesting date with recognition of a corresponding liability. The fair value is determined using an appropriate valuation model. (iv) Other long-term employee benefits The Group’s net obligation in respect of long-term employee benefits is the amount of future benefits that employees have earned in return for their services in the current and prior periods. That benefit is discounted to determine its present value. Remeasurements are recognized in profit or loss in the period in which they arise.
Finance income and costs	(l) Finance income and costs Finance income comprises mostly interest income on funds invested on deposit accounts and loans given. Interest income is recognized as it accrues in profit or loss. Finance costs comprise interest expense on loans received, and other expenses related to financial activities. Interest paid is classified as operating activity in the consolidated statements of cash flows.
Foreign currency exchange gains and losses	(m) Foreign currency exchange gains and losses Foreign currency exchange gains and losses are reported on a net basis.
Income tax	(n) Income tax Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in profit or loss except to the extent that it relates to a business combination, or items recognized directly in equity or in other comprehensive income. Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for the following temporary differences: the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss. In addition, deferred tax is not recognized for taxable temporary differences arising on the initial recognition of goodwill. Deferred tax is measured at the tax rates that are expected to be applied to the temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax assets and liabilities, and they relate to income taxes levied by the same tax authority on the same taxable entity. A deferred tax asset is recognized for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised. In determining the amount of current and deferred tax the Group takes into account the impact of uncertain tax positions and whether additional taxes, penalties and late-payment interest may be due. The Group believes that its accruals for tax liabilities are adequate for all open tax years based on its assessment of many factors, including interpretations of tax law and prior experience. This assessment relies on estimates and assumptions and may involve a series of judgements about future events. New information may become available that causes the Group to change its judgement regarding the adequacy of existing tax liabilities; such changes to tax liabilities will impact the tax expense in the period that such a determination is made.
Segment reporting	(o) Segment reporting An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. All operating segments’ operating results (see Note 7), for which discrete financial information is available, are reviewed regularly by the Group’s CEO and Board of directors to make decisions about resources to be allocated to the segment and assess its performance. Segment results that are reported to the CEO and Board of directors include items directly attributable to a segment as well as those that can be allocated on a reasonable basis.
Earnings per share	(p) Earnings per share Net income per ordinary share for all periods presented has been determined in accordance with IAS 33 “Earnings per Share”, by dividing income available to ordinary shareholders of the Group by the weighted average number of ordinary shares outstanding during the period.
Basis of preparation and measurement	(q) Basis of preparation and measurement The consolidated financial statements have been prepared on the historical cost basis except for the liability for cash-settled awards (see Note 5(k)(iii)) and the call option (see Note 8(a)) which are measured at fair value on each reporting date, and assets acquired and liabilities assumed in the business combination which are measured at fair value at the date of acquisition (see Note 8).

Significant accounting polici_3

Significant accounting policies (Tables)	12 Months Ended
	Dec. 31, 2021
Significant accounting policies
Schedule of estimated useful lives of property, plant and equipment	​ ● 2-5 years ​ ​ ​ ● 2-5 years ​ ​ ​ ● 2-5 years ​ ​ ​ ● 3-5 years (the shorter of five years or the remaining period of the lease term) ​ ​ ​ ● 1-3 years
Schedule of estimated useful lives of intangible assets	​ ● 2-10 years ​ ​ ​ ● 5-10 years ​ ​ ​ ● 10 years ​ ​ ​ ● 5-10 years ​ ​ ​ ● 3 years ​ ​ ​ ● ​ 5 years ​ ​ ​ ● 1-3 years

Operating segments (Tables)

Operating segments (Tables)	12 Months Ended
	Dec. 31, 2021
Operating segments
Schedule of segment EBITDA	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2021 ​ Russia Other Total ​ ​ ​ ​ ​ (hh.ru) ​ segments ​ segments ​ Unallocated ​ Eliminations ​ Total External revenue 13,891,375 2,076,658 15,968,033 — — 15,968,033 Inter-segment revenue 21,670 60,312 81,982 — (81,982) — External expenses (5,547,518) (1,441,886) (6,989,404) (318,289) — (7,307,693) Inter-segment expenses (59,878) (21,224) (81,102) — 81,102 — Segment EBITDA 8,305,649 673,860 8,979,509 (318,289) (880) 8,660,340 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2020 ​ ​ Russia ​ Other ​ Total ​ ​ ​ ​ ​ ​ ​ (hh.ru) segments segments Unallocated Eliminations Total External revenue 7,724,264 557,843 8,282,107 — — 8,282,107 Inter-segment revenue 3,981 9,587 13,568 — (13,568) — External expenses (3,726,803) (170,367) (3,897,170) (272,412) — (4,169,582) Inter-segment expenses (10,513) (539) (11,052) — 11,052 — Segment EBITDA 3,990,929 396,524 4,387,453 (272,412) (2,516) 4,112,525 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2019 ​ Russia Other Total ​ ​ ​ ​ ​ (hh.ru) ​ segments ​ segments ​ Unallocated ​ Eliminations ​ Total External revenue 7,211,762 576,979 7,788,741 — — 7,788,741 Inter-segment revenue 252 10,692 10,944 — (10,944) — External expenses (3,480,172) (202,636) (3,682,808) (94,072) — (3,776,880) Inter-segment expenses (10,806) (378) (11,184) — 11,184 — Segment EBITDA 3,721,036 384,657 4,105,693 (94,072) 240 4,011,861
Summary of reconciliation consolidated profit before income tax to Segment EBITDA	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 2019 Consolidated profit before income tax 6,867,605 2,571,597 2,225,448 Adjusted for: ​ ​ ​ Depreciation and amortization 1,066,284 750,558 683,317 Net finance costs ​ 416,471 ​ 350,216 ​ 526,516 Gain on remeasurement of previously held interest in equity accounted investees (Note 8(a)) (223,308) — — Net foreign exchange (gain) /loss (1,424) (83,030) 46,508 IPO-related costs — — 190,284 SPO-related costs ​ 74,443 ​ 122,940 ​ — Costs related to business combinations ​ 23,083 ​ 51,665 ​ — Insurance cover related to IPO — 54,772 100,048 LTIPs (Note 20) 516,241 262,646 196,993 Grant of shares to Board of Directors (including social taxes) (Note 29(b)) 24,654 23,597 15,025 Share of loss of equity-accounted investees (net of income tax) (Note 16) 17,925 49,181 30,542 One-off litigation settlements and legal costs — — 17,734 Other financing and transactional costs 28,044 — 1,541 Income from depositary (Note 24) (58,226) (41,617) (22,095) Write-off of expired tax risks and related indemnity ​ (91,452) ​ — ​ — Segment EBITDA (as presented to the CODM) 8,660,340 4,112,525 4,011,861
Summary of reconciliation of consolidated operating costs and expenses (exclusive of depreciation and amortization) to Segment External expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 2019 Consolidated operating costs and expenses (exclusive of depreciation and amortization) 7,949,215 4,691,300 4,300,263 Adjusted for: ​ ​ ​ IPO-related costs — — (190,284) Insurance cover related to IPO — (54,772) (100,048) SPO-related costs ​ (74,443) ​ (122,940) ​ — Costs related to business combinations ​ (23,083) ​ (51,665) ​ — LTIPs (Note 20) (516,241) (262,646) (196,993) Grant of shares to the Board of Directors (including social taxes) (Note 29(b)) (24,654) (23,597) (15,025) One-off litigation settlements and legal costs — — (17,734) Other financing and transactional costs (28,044) — (1,541) Changes in put liability to non-controlling participants in subsidiary ​ 32,467 ​ — ​ — Other (7,524) (6,098) (1,758) Segment External expenses (as presented to the CODM) 7,307,693 4,169,582 3,776,880
Schedule of revenue by geographic location	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 2019 Russia 14,965,091 7,663,785 7,170,042 All foreign countries, including: 1,002,942 618,322 618,699 Belarus 459,289 301,208 343,964 Kazakhstan 443,557 256,564 232,990 Other countries 100,096 60,550 41,745 ​ 15,968,033 8,282,107 7,788,741

Business combination (Tables)

Business combination (Tables)	12 Months Ended
	Dec. 31, 2021
Skillaz
Disclosure of detailed information about business combination [line items]
Summary of movements in group's previously held interests	​ ​ ​ ​ Previously held interest at the equity method as at December 31, 2020 129,666 Share of loss of equity-accounted investees (net of income tax) (4,864) Previously held interest at the equity method at control acquisition date 124,802 Fair value of previously held interest at control acquisition date 348,110 Gain on remeasurement of previously held interest at the fair value 223,308
Summary allocation of consideration to assets acquired and liabilities assumed based on fair values	​ ​ ​ ​ Assets Intangible assets 609,420 Property and equipment 3,436 Trade and other receivables 3,223 Prepaid expenses and other current assets 3,555 Loans issued ​ 3,224 Cash and cash equivalents 66,524 ​ 689,382 Contract liabilities (non-current) 134,004 Contract liabilities (current) ​ 36,908 Trade and other payables 40,362 Loans and borrowings ​ 50,000 ​ 261,274 Total net assets 428,108 The amount of non-controlling interest measured at the proportionate share of the identifiable net assets ​ (149,752) Goodwill arising on acquisition ​ 752,485 Purchase consideration 1,030,841 ​
Summary of the acquisition date fair value of each major class of consideration transferred	​ ​ ​ ​ ​ ​ Cash consideration paid ​ 622,732 The control acquisition date fair value of the Group’s previously held interest 348,110 Financial assets at fair value through profit or loss 59,999 Total consideration transferred 1,030,841
Schedule of cash outflow related to acquisitions	​ ​ ​ ​ Cash consideration transferred (622,732) Cash acquired 66,524 Net cash outflow on acquisition (556,208)
Zarplata
Disclosure of detailed information about business combination [line items]
Summary allocation of consideration to assets acquired and liabilities assumed based on fair values	​ ​ ​ ​ ​ Fair values Assets ​ ​ Intangible assets 1,094,227 Property and equipment 10,601 Deferred tax assets 8,420 Trade and other receivables 6,746 Indemnification asset 186,473 Prepaid expenses and other current assets 42,125 Cash and cash equivalents 95,701 ​ 1,444,293 Liabilities Contract liabilities 74,731 Trade and other payables 27,210 Income tax payable 86,695 Provisions 488,646 Deferred tax liability 180,791 ​ 858,073 Goodwill 2,918,486 Purchase consideration 3,504,706
Summary of the acquisition date fair value of each major class of consideration transferred	​ ​ ​ ​ Cash paid 3,100,000 Contingent consideration payable ​ 404,706 Total consideration transferred 3,504,706
Schedule of cash outflow related to acquisitions	​ ​ ​ ​ Cash consideration transferred (3,100,000) Cash acquired 95,701 Net cash outflow on acquisition (3,004,299)

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings per share
Schedule of earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 2019 Net income attributable to owners of the Company ​ 5,390,677 ​ 1,748,960 ​ 1,448,018 Weighted average number of ordinary shares outstanding (Note 19) 50,499,021 50,206,696 50,000,000 ​ ​ ​ ​ ​ ​ ​ Effects of dilution from: Share options (weighted average) 1,356,446 1,377,708 956,590 Weighted average number of ordinary shares outstanding adjusted for the effect of dilution 51,855,467 51,584,404 50,956,590 ​ ​ ​ ​ ​ ​ ​ Earnings per share (in Russian Roubles per share) Basic 106.75 34.84 28.96 Diluted 103.96 33.90 28.42

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue.
Schedule of disaggregation of revenue from contracts with customers	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ other ​ ​ ​ ​ ​ other ​ ​ ​ ​ ​ ​ Total other segments ​ ​ ​ ​ ​ segments ​ ​ ​ ​ ​ segments ​ ​ ​ ​ Russia ​ Russia ​ ​ ​ Total ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ Total ​ (hh.ru) (Zarplata.ru) Other segments Russia Other segments Russia Other segments Bundled Subscriptions ​ 3,787,713 ​ 276,535 ​ 65,823 ​ 4,130,071 ​ 2,332,272 ​ 40,195 ​ 2,372,467 ​ 2,154,831 ​ 69,120 ​ 2,223,951 CV Database Access 2,740,223 109,917 ​ 410,374 3,260,514 1,538,702 273,543 1,812,245 1,508,085 253,643 1,761,728 Job Postings 6,194,180 390,455 ​ 378,719 6,963,354 3,134,522 207,703 3,342,225 2,900,678 211,510 3,112,188 Other VAS 1,169,259 141,361 ​ 303,474 1,614,094 718,768 36,402 755,170 648,168 42,706 690,874 Total revenue 13,891,375 918,268 ​ 1,158,390 15,968,033 7,724,264 557,843 8,282,107 7,211,762 576,979 7,788,741 ​ In the following table, revenue from contracts with customers of “Russia (hh.ru)” and “Russia (Zarplata.ru)” operating segments is disaggregated by type of customer: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 2019 Key Accounts in Russia ​ ​ ​ Moscow and St.Petersburg ​ 3,868,460 ​ 2,156,248 ​ 1,981,959 Other regions of Russia 1,422,118 815,323 664,649 Sub-total 5,290,578 2,971,571 2,646,608 Small and Medium Accounts in Russia Moscow and St.Petersburg 4,881,678 2,526,381 2,579,517 Other regions of Russia 4,035,679 1,825,497 1,614,359 Sub-total 8,917,357 4,351,878 4,193,876 Foreign customers of Russia segment 95,272 57,822 41,385 Other customers in Russia 506,436 342,993 329,893 Total for “Russia” operating segment 14,809,643 7,724,264 7,211,762
Summary of receivables, contract assets and contract liabilities from contracts with customers	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at December 31, ​ Note 2021 2020 Receivables, which are included in “Trade and other receivables” ​ 17 ​ 141,125 ​ 61,028 Contract liabilities 4,644,839 2,785,402

Operating costs and expenses _2

Operating costs and expenses (exclusive of depreciation and amortization) (Tables)	12 Months Ended
	Dec. 31, 2021
Operating costs and expenses (exclusive of depreciation and amortization)
Schedule of operating costs and expenses (exclusive of depreciation and amortization)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended ​ ​ December 31, ​ 2021 2020 2019 Personnel expenses (4,183,569) (2,579,958) (2,234,309) Marketing expenses (2,113,439) (1,105,247) (1,046,678) Subcontractor and other costs related to provision of services (430,276) (194,644) (186,337) Office rent and maintenance (306,116) (176,672) (206,501) Professional services (470,918) (335,681) (347,963) Insurance services (169,537) (181,047) (111,251) Hosting and other website maintenance (81,471) (46,325) (40,421) Other operating expenses (193,889) (71,726) (126,803) Operating costs and expenses (exclusive of depreciation and amortization) (7,949,215) (4,691,300) (4,300,263)

Finance income and costs (Table

Finance income and costs (Tables)	12 Months Ended
	Dec. 31, 2021
Finance income and costs
Schedule of financial income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended ​ ​ December 31, ​ 2021 2020 2019 Interest on term deposits ​ 204,497 ​ 51,857 ​ 76,202 Interest accrued on loans to related parties (Note 29(с)) 782 947 — Interest accrued on loan to third party ​ 2,807 ​ — ​ — Net gain on financial assets measured at fair value through profit and loss (Note 8(a)) 34,508 150 — Other interest income 514 6,375 562 Total finance income 243,108 59,329 76,764
Schedule of financial costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended ​ ​ December 31, ​ 2021 2020 2019 Interest accrued on bank loan (Note 21(a)) (342,425) (357,377) (559,527) Interest accrued on non-convertible bonds (Note 21(b)) ​ (270,442) ​ (12,543) ​ — Interest accrued on lease liabilities (Note 23) (20,466) (26,334) (32,941) Interest accrued on loans from related parties (Note 29(c)) ​ (572) ​ — ​ — Interest accrued on other loan ​ — ​ — ​ (6,391) Other interest costs (25,674) (13,291) (4,421) Total finance costs (659,579) (409,545) (603,280)

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income taxes
Schedule of income tax expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended ​ ​ December 31, ​ 2021 2020 2019 Current tax expense: ​ ​ ​ ​ ​ ​ Current year ​ (1,935,291) ​ (873,925) ​ (923,760) Reversal of provision for uncertain income tax positions ​ 221,700 ​ 92,012 ​ 110,708 Recognition of provision for uncertain income tax positions ​ (31,332) ​ (4,044) ​ (447,034) Total current tax expense (1,744,923) (785,957) (1,260,086) Deferred tax reversal: ​ ​ ​ Origination and reversal of temporary differences 370,089 100,185 168,630 Reversal of deferred tax on unremitted earnings — — 447,034 Total deferred tax reversal 370,089 100,185 615,664 Total income tax expense (1,374,834) (685,772) (644,422)
Schedule of income tax payable	​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020 Current income tax payable 202,112 55,921 Provision for uncertain income tax positions (Notes 13(a), 8(b)) 155,443 345,812 Total income tax payable 357,555 401,733
Summary of reconciliation of effective tax rate	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 2019 Profit before income tax 6,867,605 2,571,597 2,225,448 Income tax at 20% tax rate (1,373,521) (514,319) (445,090) Effect of tax rates in foreign jurisdictions 2,920 3,878 (23,408) Withholding tax on intra-group dividends (14,643) (15,771) (77,516) Reversal/(recognition) of provision for uncertain income tax positions ​ 221,700 ​ 92,012 ​ 137,952 Non-taxable gain on remeasurement of previously held interest in equity accounted investees 44,662 — — Unrecognized deferred tax asset (101,829) (134,495) (113,047) Non-deductible interest expense — — (18,421) Non-deductible expenses related to LTIPs (56,662) (52,465) (35,485) Effect of tax exemption in subsidiary ​ (43,008) ​ — ​ — Other net non-deductible expense (54,453) (64,612) (69,407) Total income tax expense (1,374,834) (685,772) (644,422)
Schedule of deferred tax assets and liabilities	​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020* Deferred tax assets: ​ ​ ​ ​ Contract liabilities 329,221 140,143 Unused vacation accruals 21,942 11,567 Employee benefits 37,799 30,502 Trade and other payables 15,210 6,408 Right-of-use assets and lease liabilities 5,251 5,452 Intangible assets ​ 4,244 ​ 7,883 Property and equipment ​ 2,149 ​ — Tax benefit from LTIPs - income ​ 46,586 ​ — Tax benefit from LTIPs - equity ​ 12,445 ​ — Deferred tax assets netting (22,957) (25,627) Total deferred tax assets 451,890 176,328 ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ ​ ​ Property and equipment — (4,478) Intangible assets (572) (4,918) Intangible assets identified on acquisitions (515,369) (610,436) Loans and borrowings (11,383) (16,947) Deferred tax liabilities netting 22,957 25,627 Total deferred tax liabilities (504,367) (611,152) Net deferred tax liability (52,477) (434,824) * Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8(b).
Summary of movement in deferred tax balances	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect of ​ ​ ​ ​ January 1, ​ Recognized in ​ Recognized in ​ movement in ​ December 31, ​ 2021 profit or loss equity exchange rates 2021 Property and equipment (4,478) 6,629 ​ — (2) 2,149 Intangible assets (607,471) 95,799 ​ — (25) (511,697) Unused vacation accruals 11,567 10,411 ​ — (36) 21,942 Employee benefits 30,502 7,321 ​ — (24) 37,799 Contract liabilities 140,143 189,179 ​ — (101) 329,221 Trade and other payables 6,408 8,798 ​ — 4 15,210 Loans and borrowings (16,947) 5,564 ​ — — (11,383) Right-of-use assets and lease liabilities 5,452 (198) ​ — (3) 5,251 Tax benefit from LTIPs - income ​ — ​ 46,586 ​ — ​ — ​ 46,586 Tax benefit from LTIPs - equity ​ — ​ — ​ 12,445 ​ — ​ 12,445 Net deferred tax liability (434,824) 370,089 ​ 12,445 (187) (52,477) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquired in ​ Effect of ​ ​ ​ ​ January 1, ​ Recognized in ​ business ​ movement in ​ December 31, ​ 2020 profit or loss combination* exchange rates 2020* Property and equipment (9,696) 5,473 (260) 5 (4,478) Intangible assets (522,280) 87,695 (172,907) 21 (607,471) Unused vacation accruals 8,614 2,870 24 59 11,567 Employee benefits 13,323 16,438 731 10 30,502 Contract liabilities 135,203 4,809 — 131 140,143 Trade and other payables 7,728 (1,464) 41 103 6,408 Loans and borrowings ​ — ​ (16,947) ​ — ​ — ​ (16,947) Right-of-use assets and lease liabilities 4,139 1,311 — 2 5,452 Net deferred tax liability (362,969) 100,185 (172,371) 331 (434,824) * Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8(b).

Property and equipment (Tables)

Property and equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property and equipment.
Schedule of property, plant and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Office ​ ​ ​ ​ ​ ​ equipment, ​ ​ ​ ​ ​ ​ Servers and ​ furniture ​ Leasehold ​ ​ ​ ​ computers ​ and other ​ improvements ​ Total Cost ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2021 202,129 293,035 285,883 781,047 Acquisition through business combinations (Note 8) ​ — ​ 3,436 ​ — ​ 3,436 Additions 75,667 69,831 5,325 150,823 Disposals (3,890) (75,867) (6,933) (86,690) Foreign currency translation difference — (95) (11) (106) Balance at December 31, 2021 273,906 290,340 284,264 848,510 Depreciation ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2021 94,071 144,150 76,101 314,322 Depreciation for the year 45,619 79,962 71,262 196,843 Disposals (3,890) (75,729) (6,933) (86,552) Foreign currency translation difference — (81) (8) (89) Balance at December 31, 2021 135,800 148,302 140,422 424,524 Net book value ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 138,106 142,038 143,842 423,986 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Office ​ ​ ​ ​ ​ ​ equipment, ​ ​ ​ ​ ​ ​ Servers and ​ furniture ​ Leasehold ​ ​ ​ ​ computers ​ and other ​ improvements ​ Total Cost ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2020 174,157 215,484 209,731 599,372 Acquisition through business combinations (Note 8) ​ 4,843 ​ 5,758 ​ — ​ 10,601 Additions 23,390 77,728 76,125 177,243 Disposals (261) (6,124) — (6,385) Foreign currency translation difference — 189 27 216 Balance at December 31, 2020 202,129 293,035 285,883 781,047 Depreciation ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2020 64,523 87,468 17,637 169,628 Depreciation for the year 29,809 62,146 58,457 150,412 Disposals (261) (5,604) — (5,865) Foreign currency translation difference — 140 7 147 Balance at December 31, 2020 94,071 144,150 76,101 314,322 Net book value ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020 108,058 148,885 209,782 466,725

Intangible assets and goodwill

Intangible assets and goodwill (Tables)	12 Months Ended
	Dec. 31, 2021
Intangible assets and goodwill.
Schedule of changes in intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other ​ ​ ​ ​ ​ ​ ​ ​ Non-contractual ​ ​ ​ ​ ​ ​ ​ software, ​ ​ ​ ​ ​ ​ ​ ​ customer ​ Trademarks ​ Website ​ Patents and ​ licenses and ​ ​ ​ Goodwill CV database relationships and domains software copyrights other Total Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2021 9,881,100 737,913 2,572,532 1,902,437 212,508 6,473 77,491 15,390,454 Acquisition through business combinations (Note 8) ​ 752,485 ​ — ​ 39,273 ​ 212 ​ 566,384 ​ — ​ 3,551 ​ 1,361,905 Additions arising from internal development — — — — 17,998 — — 17,998 Other additions — — — 33 5,212 3,667 90,685 99,597 Disposals — — — — (27,063) (2,741) (57,887) (87,691) Foreign currency translation difference (3,224) — — 113 (128) — (31) (3,270) Balance at December 31, 2021 10,630,361 737,913 2,611,805 1,902,795 774,911 7,399 113,809 16,778,993 Amortization ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2021 — 299,287 987,817 735,559 46,992 5,913 47,521 2,123,089 Amortization for the year — 103,165 271,980 190,220 152,668 2,100 67,959 788,092 Disposals — — — — (27,063) (2,726) (57,887) (87,676) Foreign currency translation difference — — — 14 (1) — (21) (8) Balance at December 31, 2021 — 402,452 1,259,797 925,793 172,596 5,287 57,572 2,823,497 Net book value ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2021 10,630,361 335,461 1,352,008 977,002 602,315 2,112 56,237 13,955,496 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other ​ ​ ​ ​ ​ ​ ​ ​ Non-contractual ​ ​ ​ ​ ​ ​ ​ software, ​ ​ ​ ​ ​ ​ ​ ​ customer ​ Trademarks ​ Website ​ Patents and ​ licenses and ​ ​ ​ Goodwill* CV database relationships* and domains software copyrights other Total Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at January 1, 2020 6,954,183 635,605 2,043,760 1,526,889 163,466 5,735 88,743 11,418,381 Acquisition through business combinations (Note 8) ​ 2,918,486 ​ 102,308 ​ 528,772 ​ 375,724 ​ 82,549 ​ — ​ 4,874 ​ 4,012,713 Additions arising from internal development — — — — 15,040 — — 15,040 Other additions — — — — 10,973 1,588 56,053 68,614 Disposals — — — — (59,545) (874) (72,265) (132,684) Foreign currency translation difference 8,431 — — (176) 25 24 86 8,390 Balance at December 31, 2020* 9,881,100 737,913 2,572,532 1,902,437 212,508 6,473 77,491 15,390,454 Amortization Balance at January 1, 2020 — 235,725 783,441 583,022 73,713 4,440 50,440 1,730,781 Amortization for the year — 63,562 204,376 152,559 32,824 2,333 69,309 524,963 Disposals — — — — (59,545) (860) (72,265) (132,670) Foreign currency translation difference — — — (22) — — 37 15 Balance at December 31, 2020* — 299,287 987,817 735,559 46,992 5,913 47,521 2,123,089 Net book value At December 31, 2020* 9,881,100 438,626 1,584,715 1,166,878 165,516 560 29,970 13,267,365
Schedule of goodwill allocated to CGUs	​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020* HeadHunter “Russia” operating segment 6,607,362 6,607,362 HeadHunter “Kazakhstan” operating segment 171,792 178,380 HeadHunter “Belarus” operating segment 180,236 176,872 Zarplata operating segment (see Note 8(b)) ​ 2,918,486 ​ 2,918,486 Skillaz operating segment (see Note 8(a)) ​ 752,485 ​ — Total goodwill 10,630,361 9,881,100 * Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8(b).

Equity-accounted investees (Tab

Equity-accounted investees (Tables)	12 Months Ended
	Dec. 31, 2021
Equity-accounted investees
Schedule of purchase price allocation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Voting shares ​ Carrying values ​ ​ Country of December 31, December 31, ​ December 31, ​ December 31, ​ incorporation 2021 2020 2021 2020 Skillaz LLC Russia — 25.01 % — 129,666 YouDo Web Technologies Limited Cyprus 9.91 % — 360,574 — Dream Job LLC Russia 25 % — 54,047 — ​ ​ ​ ​ ​ ​ 414,621 ​ 129,666 ​ ​ ​ ​ ​ Fair values Non-current assets 628,010 Current assets 127,441 Non-current liabilities (53,768) Current liabilities (186,002) Total net assets ( 100% ) 515,681 The Group’s contribution to YouDo’ equity ​ 349,052 Total net assets, including the Group’s contribution ​ 864,733 Group’s share of net assets ( 9.91% ) 85,695
Schedule of cash consideration transferred	​ ​ ​ ​ ​ Total Group’s share of net assets (9.91%) 85,695 Goodwill 280,686 Cash consideration transferred 366,381
Summary of financial information of acquired entity, adjusted for fair value adjustments	​ ​ ​ ​ ​ ​ December 31, ​ ​ 2020 Percentage ownership interest 25.01 % Non-current assets ​ 73,467 ​ Current assets 74,005 ​ Non-current liabilities (49,297) ​ Current liabilities (214,493) ​ Net assets ( 100% ) (116,318) ​ Group’s share of net assets ( 25.01% ) ​ (29,091) ​ Goodwill ​ 158,757 ​ Carrying amount of the Group’s interest in associate 129,666 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Period from ​ Period from ​ ​ January 1, 2021 ​ Year ended ​ May 6, 2019 till ​ ​ till March 31, ​ December 31, ​ December 31, ​ 2021 2020 2019 Revenue 70,498 152,750 67,701 Loss from continuing operations (100%) (19,450) (196,647) (122,118) Total comprehensive loss (100%) (19,450) (196,647) (122,118) Group’s share of total comprehensive loss ( 25.01% ) (4,864) (49,181) (30,542) ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2021 Percentage ownership interest 9.91 % Non-current assets 610,622 ​ Current assets 324,752 ​ Non-current liabilities (53,768) ​ Current liabilities (75,461) ​ Net assets ( 100% ) 806,145 ​ Group’s share of net assets ( 9.91% ) 79,888 ​ Goodwill 280,686 ​ Carrying amount of the Group’s interest in associate 360,574 ​ ​ ​ ​ ​ ​ Period from ​ ​ October 28, ​ ​ 2021 till ​ ​ December 31, ​ 2021 Revenue 86,539 Loss before income tax ​ (58,592) Income tax (expense)/benefit ​ — Net loss for the period ( 100% ) (58,592) Total comprehensive loss ( 100% ) (58,592) Group’s share of total comprehensive loss ( 9.91% ) (5,807)
Schedule of loans to Skllaz	​ ​ ​ ​ ​ 2021 The Group’s share of: ​ ​ - loss from continuing operations (7,254) - total comprehensive loss (7,254)
Schedule of impairment loss of CGU	​ ​ ​ ​ ​ Effect 31 December 2021 Annual revenue growth rate (5% decrease) 81,813 EBITDA (10% decrease) 47,754 Pre-tax discount rate (1%-point increase) 46,534

Trade and other receivables (Ta

Trade and other receivables (Tables)	12 Months Ended
	Dec. 31, 2021
Trade and other receivables
Schedule of trade and receivables	​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020 Trade receivables 141,125 61,028 Taxes receivable 2,881 2,955 Other receivables 10,596 5,137 Total trade and other receivables 154,602 69,120

Cash and cash equivalents (Tabl

Cash and cash equivalents (Tables)	12 Months Ended
	Dec. 31, 2021
Cash and cash equivalents
Schedule of cash and cash equivalents	​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2021 2020 Petty cash 448 344 Bank balances 6,320,570 3,315,485 Call deposits 202,210 51,781 Total cash and cash equivalents 6,523,228 3,367,610

Capital and reserves (Tables)

Capital and reserves (Tables)	12 Months Ended
	Dec. 31, 2021
Capital and reserves
Schedule of share capital	(Number of shares, unless stated otherwise) ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ 2021 2020 Number of shares issued 50,635,720 50,317,860 Number of shares authorized 60,000,000 60,000,000 Par value EUR 0.002 EUR 0.002 Share capital 8,655 8,597

Long-Term Incentive Plans (LT_2

Long-Term Incentive Plans (LTIPs) (Tables)	12 Months Ended
	Dec. 31, 2021
2016 Headhunter Unit Option Plan
Management incentive agreement
Summary of awards issued	The following awards were issued as at December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number ​ ​ Exercise Fair value ​ ​ of ​ ​ ​ price ​ at grant Awards series ​ units ​ Grant date ​ (per unit) ​ date Series 1 785 ​ May 10, 2016 500 160,871 Series 2 20 ​ September 1, 2017 500 25,511 Series 3 15 ​ September 1, 2017 900 15,415 Series 4 12 ​ December 1, 2017 900 13,070 Series 5 8 ​ March 1, 2018 900 8,478 Series 6 14 ​ May 28, 2019 500 27,671 Series 7 20 ​ May 28, 2019 1,250 22,191
Schedule of weighted average valuation assumptions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Awards series ​ Series 1 Series 2 Series 3 Series 4 Series 5 Expected volatility ​ 39 % 39 % 39 % 39 % 39 % Expected dividend yield — — — — — ​ Risk-free interest rate 7.7 % 7.7 % 7.7 % 7.3 % 6.4 % Expected life at grant date (years) 5.66 3.24 3.24 2.99 1.66 ​
Summary of movement of awards	​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 Outstanding at beginning of the period (units) ​ 890 ​ 890 Forfeited during the period (units) (16) — Outstanding at end of the period 874 890
2018 Unit Option Plan
Management incentive agreement
Schedule of weighted average valuation assumptions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tranche 1 Tranche 2 Tranche 3 Tranche 4 Tranche 5 Expected volatility 43 % 43 % 43 % 43 % 43 % Expected dividend yield 1.53 % 1.53 % 1.53 % 1.53 % 1.53 % Risk-free interest rate 1.74 % 1.77 % 1.80 % 1.86 % 1.92 % Expected life at grant date (years) 3 4 5 6 7 ​ Forfeiture rate 3.39 % 3.39 % 3.39 % 3.39 % 3.39 % Fair value (per unit) 763 859 932 996 1,028 ​ Total fair value 44,205 49,815 54,036 57,738 59,600 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tranche 1 Tranche 2 Tranche 3 Tranche 4 Tranche 5 Expected volatility 50 % 50 % 50 % 50 % 50 % Expected dividend yield 1.94 % 1.94 % 1.94 % 1.94 % 1.94 % Risk-free interest rate 0.29 % 0.33 % 0.37 % 0.46 % 0.55 % Expected life at grant date (years) 3 4 5 6 7 ​ Forfeiture rate 3.39 % 3.39 % 3.39 % 3.39 % 3.39 % Fair value (per unit) 498 668 802 924 994 ​ Total fair value 3,946 5,292 6,355 7,319 7,875 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tranche 1 Tranche 2 Tranche 3 Tranche 4 Tranche 5 Expected volatility 50 % 50 % 50 % 50 % 50 % Expected dividend yield 1.85 % 1.85 % 1.85 % 1.85 % 1.85 % Risk-free interest rate 0.22 % 0.27 % 0.32 % 0.42 % 0.51 % Expected life at grant date (years) 3 4 5 6 7 ​ Forfeiture rate 3.39 % 3.39 % 3.39 % 3.39 % 3.39 % Fair value (per unit) 1,008 1,172 1,298 1,404 1,460 ​ Total fair value 6,428 7,476 8,278 8,954 9,312 ​
Summary of movement of awards	​ ​ ​ ​ ​ ​ (number of units) For the year ended December 31, ​ ​ 2021 2020 Outstanding at beginning of the period 300 300 Forfeited during the period (26) — Outstanding at end of the period 274 300 ​ The movement of the awards of Series 2 - 3 were as follows: ​ ​ ​ ​ ​ ​ (number of units) For the year ended December 31, ​ ​ 2021 2020 Outstanding at beginning of the period 71 — Granted during the period — 74 Modified during the period (68) — Forfeited during the period (3) (3) Outstanding at end of the period — 71
Schedule of Share Awards Issued	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Date grant approved by Exercise price Fair value at grant Awards series ​ units ​ the Board of Directors ​ (per unit) ​ date ​ ​ ​ ​ ​ USD ​ Series 1 300 ​ May 28, 2019 13.50 265,394 Series 2 41 ​ March 5, 2020 21.23 30,787 Series 3 33 ​ May 26, 2020 18.92 40,448
2021 RSU Plan
Management incentive agreement
Summary of awards issued	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Awards series Number of Date grant approved by Exercise price Fair value at grant ​ ​ RSUs ​ the Board of Directors ​ (per unit) ​ date ​ ​ ​ ​ USD ​ ​ Series 1 251,921 ​ July 27, 2021 — 885,968 including: ​ ​ new participants 121,135 ​ ​ — 426,013 participants of 2018 Unit Option Plan (modification of awards) 130,786 ​ ​ — 459,954 ​ ​ ​ ​ ​ ​ ​ ​ ​ Series 2 77,228 ​ November 25, 2021 — 285,028 Series 3 161,915 ​ December 20, 2021 — 598,210
Schedule of weighted average valuation assumptions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Series 1 Series 2 Series 3 Expected volatility 40 % 43 % 43 % Expected dividend yield 2.31 % 2.31 % 2.31 % Risk-free interest rate 0.08 - 0.59 % 0.16 – 1.03 % 0.06 – 1.06 % Expected life at grant date (years) 0.87 – 3.88 0.53 – 3.53 0.26 – 3.51 ​ Fair value (per RSU), in Russian Roubles 3,374 - 3,617 3,541 – 3,795 3,501 – 3,774 ​ Total fair value 885,968 285,028 598,210 ​
Summary of movement of awards	​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ 2021 2020 Outstanding at beginning of the period (RSUs) ​ — — Granted during the period (RSUs) ​ 491,064 — Forfeited during the period (RSUs) ​ (22,443) — Outstanding at end of the period (RSUs) ​ 468,621 —

Loans and borrowings (Tables)

Loans and borrowings (Tables)	12 Months Ended
	Dec. 31, 2021
Loans and borrowings.
Schedule of loans and borrowings	​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020 Long-term loans and borrowings: Bank loan 3,362,762 3,831,270 Non-convertible bonds ​ 3,973,079 ​ 3,960,056 Other loan - principal ​ 2,972 ​ — Other loan - interest ​ 63 ​ — Total 7,338,876 7,791,326 Current loans and borrowings: ​ ​ Bank loan – current portion 585,316 471,027 Bank loan - interest ​ 99,981 ​ — Non-convertible bonds – interest 12,723 12,584 Other loan – principal 743 1,478 Other loan – interest 15 11 Total 698,778 485,100
Summary of reconciliation of liabilities arising from financing activities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities Equity ​ Total ​ ​ ​ ​ Payables to/ ​ ​ ​ ​ ​ Bank and ​ ​ ​ ​ ​ Receivables ​ ​ ​ ​ ​ ​ other loans ​ ​ ​ ​ ​ from non- ​ ​ ​ ​ ​ ​ and ​ ​ ​ Dividends ​ controlling ​ ​ ​ ​ ​ ​ borrowings ​ Lease ​ payables to ​ interests ​ Treasury ​ ​ ​ ​ (Notes 21 (a), ​ liabilities ​ shareholders ​ (Note ​ shares(Note ​ ​ ​ ​ 21(b)) ​ (Note 23) ​ (Note 19(d)) ​ 19(d)) ​ 19(f)) ​ ​ Balance at January 1, 2021 ​ 8,276,426 ​ 241,997 ​ — ​ — ​ — ​ 8,518,423 Changes from financing cash flows ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquisition of treasury shares ​ — ​ — ​ — ​ — ​ (1,096,357) ​ (1,096,357) Bank and other loans received ​ 7,765 ​ — ​ — ​ — ​ — ​ 7,765 Bank loan repaid ​ (400,672) ​ — ​ — ​ — ​ — ​ (400,672) Bank loans and other borrowings origination fees paid ​ (43,615) ​ — ​ — ​ — ​ — ​ (43,615) Dividends paid ​ — ​ — ​ (2,073,893) ​ (106,978) ​ — ​ (2,180,871) Repayment of lease liabilities ​ — ​ (90,166) ​ — ​ — ​ — ​ (90,166) Cash paid for non-controlling interest ​ — ​ — ​ — ​ (155,177) ​ — ​ (155,177) Total changes from financing cash flows (436,522) (90,166) (2,073,893) (262,155) ​ (1,096,357) (3,959,093) Other changes not relating to financing cash flows ​ ​ ​ ​ ​ ​ ​ Interest accrued 613,439 20,464 — — ​ — 633,903 Interest paid (485,512) (20,464) — — ​ — (505,976) New leases, including modifications — 45,260 — — ​ — 45,260 Distributions to shareholders and non-controlling interest — — 2,047,690 109,932 ​ — 2,157,622 Changes in payables related to transaction costs on bonds issue ​ 39,012 ​ — ​ — ​ — ​ — ​ 39,012 Acquisition of loan with the subsidiary acquired ​ 30,765 ​ — ​ — ​ — ​ — ​ 30,765 Acquisition of non-controlling interest ​ — ​ — ​ — ​ 155,177 ​ — ​ 155,177 Foreign exchange gain 7 — 26,203 — ​ — 26,210 Foreign currency translation differences 39 (46) — (2,954) ​ — (2,961) Total other changes 197,750 45,214 2,073,893 262,155 ​ — 2,579,012 Balance at December 31, 2021 8,037,654 197,045 — — ​ (1,096,357) 7,138,342 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Payables to/ ​ ​ ​ Bank and ​ ​ ​ ​ ​ Receivables ​ ​ ​ ​ other loans ​ ​ ​ ​ ​ from non- ​ ​ ​ ​ and ​ ​ ​ Dividends ​ controlling ​ ​ ​ ​ borrowings ​ Lease ​ payables to ​ interests ​ ​ ​ ​ (Notes 21(a), ​ liabilities ​ shareholders ​ (Note ​ ​ ​ ​ 21(b)) ​ (Note 23) ​ (Note 19(d)) ​ 19(d)) ​ Total Balance at January 1, 2020 5,129,055 290,618 — — 5,419,673 Changes from financing cash flows ​ ​ ​ ​ ​ Bank and other loans received 4,616,478 — — — 4,616,478 Non-convertible bonds issued 4,000,000 — — — 4,000,000 Bank loan repaid ​ (5,397,895) ​ — ​ — ​ — ​ (5,397,895) Dividends paid ​ — ​ — ​ (1,885,441) ​ (102,731) ​ (1,988,172) Bank loan origination fees (56,668) — — — (56,668) Repayment of lease liabilities — (59,737) — — (59,737) Contribution from non-controlling interest received — — — 44 44 Total changes from financing cash flows 3,161,915 (59,737) (1,885,441) (102,687) 1,114,050 Other changes not relating to financing cashflows ​ ​ ​ ​ ​ Interest accrued 364,313 26,334 — — 390,647 Interest paid (339,845) (26,334) — — (366,179) New leases, including modifications — 10,754 — — 10,754 Distributions to shareholders and non-controlling interest — — 1,800,520 103,126 1,903,646 Transaction costs related to bond issue ​ (39,012) ​ — ​ — ​ — ​ (39,012) Contribution from non-controlling interest ​ — ​ — ​ — ​ (44) ​ (44) Foreign exchange gain ​ — ​ — ​ 84,921 ​ — ​ 84,921 Foreign currency translation differences ​ — ​ 362 ​ — ​ (395) ​ (33) Total other changes ​ (14,544) ​ 11,116 ​ 1,885,441 ​ 102,687 ​ 1,984,700 Balance at December 31, 2020 ​ 8,276,426 ​ 241,997 ​ — ​ — ​ 8,518,423 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank and ​ ​ ​ ​ ​ Dividends ​ ​ ​ ​ other loans ​ ​ ​ ​ ​ payables to ​ ​ ​ ​ and ​ ​ ​ Dividends ​ non- ​ ​ ​ ​ borrowings ​ Lease ​ payables to ​ controlling ​ ​ ​ ​ (Notes 21 (a), ​ liabilities ​ shareholders ​ interests (Note ​ ​ ​ ​ 21(b)) ​ (Note 23) ​ (Note 19(d)) ​ 19(d)) Total Balance at January 1, 2019 6,437,616 ​ 343,455 ​ — 5,916 6,786,987 Changes from financing cash flows ​ ​ ​ ​ ​ ​ ​ Bank loan repaid (1,055,000) ​ — ​ — — (1,055,000) Other loan repaid (270,000) ​ — ​ — — (270,000) Acquisition of non-controlling interest ​ — ​ — ​ — ​ (2,107) ​ (2,107) Dividends paid — ​ — ​ (1,133,501) (131,456) (1,264,957) Repayment of lease liabilities ​ — ​ (61,376) ​ — ​ — ​ (61,376) Total changes from financing cash flows (1,325,000) ​ (61,376) ​ (1,133,501) (133,563) (2,653,440) Other changes ​ ​ ​ ​ ​ ​ ​ Interest accrued 565,918 ​ 32,941 ​ — — 598,859 Interest paid (549,479) ​ (32,941) ​ — — (582,420) New leases, including modifications ​ — ​ 9,147 ​ — ​ — ​ 9,147 Distributions to shareholders and non-controlling interest — ​ — ​ 1,160,345 126,460 1,286,805 Foreign exchange loss ​ — ​ — ​ (26,844) ​ — ​ (26,844) Foreign currency translation differences — ​ (608) ​ — 1,187 579 Total other changes 16,439 ​ 8,539 ​ 1,133,501 127,647 1,286,126 Balance at December 31, 2019 5,129,055 ​ 290,618 ​ — — 5,419,673

Trade and other payables (Table

Trade and other payables (Tables)	12 Months Ended
	Dec. 31, 2021
Trade and other payables
Schedule of trade and other payables	​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020 Non-current trade and other payables Deferred consideration (Note 8) ​ 110,236 ​ 170,620 Payables to employees — 7,987 Total 110,236 178,607 Current trade and other payables ​ ​ Taxes payable 963,055 497,204 Trade payables 373,996 243,426 Payables to employees 359,418 265,176 Deferred consideration (Note 8) 67,267 234,086 Other payables 52,377 33,197 Total 1,816,113 1,273,089

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases under IFRS 16
Summary of changes in right-of-use assets	​ ​ ​ ​ ​ ​ ​ 2021 2020 Balance at January 1 215,120 ​ 279,249 Additions to right-of-use assets 31,642 ​ — Modification of right-of-use assets 13,618 ​ 10,754 Depreciation charge for the year (81,349) ​ (75,182) Translation difference (31) ​ 299 Balance at December 31 179,000 ​ 215,120
Summary of changes in lease liabilities	​ ​ ​ ​ ​ ​ ​ 2021 2020 Balance at January 1 241,997 ​ 290,618 New leases 31,642 ​ — Modification of leases 13,618 ​ 10,754 Interest on lease liabilities 20,466 ​ 26,334 Payment of interest on lease liabilities (20,466) ​ (26,334) Payment of lease liabilities (90,166) ​ (59,737) Translation difference (46) ​ 362 Balance at December 31 197,045 ​ 241,997 including: ​ ​ ​ Current portion 100,864 ​ 77,752 Non-current portion 96,181 ​ 164,245
Summary of information about lease costs recognized	(iii) Amounts recognized in the consolidated statement of income and comprehensive income ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 2019 Leases under IFRS 16 ​ ​ ​ ​ ​ ​ Interest on lease liabilities 20,466 ​ 26,334 ​ 32,941 Depreciation charge on right-of-use assets 81,349 ​ 75,182 ​ 74,365 Expenses relating to short-term leases 48,410 ​ 16,995 ​ 16,394 Total 150,225 ​ 118,511 ​ 123,700 ​ (iv) Amounts recognized in the consolidated statement of cash flows ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 2019 Total cash outflow for leases 159,042 103,065 ​ 110,710

Other liabilities (Tables)

Other liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Other liabilities
Schedule of other liabilities	​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2021 ​ 2020 Non-current other liabilities ​ ​ ​ ​ Advance from depositary 135,741 142,531 Total 135,741 142,531 Current other liabilities ​ ​ Advance from depositary – current portion 54,770 38,759 Put liability to non-controlling participants in subsidiary ​ 85,146 ​ — Total 139,916 38,759 ​

Provisions (Tables)

Provisions (Tables)	12 Months Ended
	Dec. 31, 2021
Provisions
Summary of provisions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Uncertain tax ​ ​ ​ ​ ​ positions related ​ ​ ​ ​ ​ ​ ​ ​ to LTIPs and ​ ​ ​ ​ ​ ​ ​ ​ equity awards to ​ Uncertain tax ​ ​ ​ ​ ​ ​ Board of ​ positions ​ ​ ​ ​ ​ ​ directors ​ (other than ​ ​ ​ ​ ​ (Note 20, 29(b)) income tax) Other Total Balance at 1 January 2021 172,158 494,315 — 666,473 Provisions made during the year 230,743 132,154 28,044 390,941 Provisions reversed during the year — (175,037) — (175,037) Provisions used during the year (6,915) — — (6,915) Balance at 31 December 2021 395,986 451,432 28,044 875,462 Non-current 117,345 — — 117,345 Current 278,641 451,432 28,044 758,117 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Uncertain tax ​ ​ ​ ​ positions related ​ ​ ​ ​ ​ ​ to LTIPs and ​ ​ ​ ​ ​ ​ equity awards to ​ Uncertain tax ​ ​ ​ ​ Board of ​ positions ​ ​ ​ ​ directors ​ (other than ​ ​ ​ (Note 20, 29(b)) income tax) Total Balance at 1 January 2020 45,896 — 45,896 Provisions made during the year 133,374 5,669 139,043 Assumed in business combinations (Note 8(b)) — 488,646 488,646 Provisions used during the year (7,112) — (7,112) Balance at 31 December 2020 172,158 494,315 666,473 Non-current 87,822 — 87,822 Current 84,336 494,315 578,651

Financial instruments and ris_2

Financial instruments and risk management (Tables)	12 Months Ended
	Dec. 31, 2021
Financial instruments and risk management
Schedule of maximum exposure to credit risk	​ ​ ​ ​ ​ ​ ​ ​ Carrying amount as at ​ ​ December 31, ​ 2021 2020 Trade receivables 141,125 61,028 Cash and cash equivalents 6,523,228 3,367,610 Short-term investments ​ 300,000 ​ — Loans issued ​ — ​ 19,719 Total 6,964,353 3,448,357
Schedule of exposure to foreign currency risk	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ USD- ​ EUR- ​ RUB- ​ ​ denominated ​ denominated ​ denominated Cash and cash equivalents 185,071 12,647 5,694 Trade and other payables (220,511) (6,255) (962) Trade and other receivables ​ 4,663 ​ 623 ​ — Net exposure (30,777) 7,015 4,732 ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ USD- ​ EUR- ​ RUB- ​ ​ denominated ​ denominated ​ denominated Cash and cash equivalents 173,016 930 14,391 Trade and other payables (32,371) (8,063) — Trade and other receivables ​ 6,481 ​ 794 ​ — Net exposure 147,126 (6,339) 14,391
Schedule of contractual maturities of non-derivative financial liabilities	At December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contractual cash flows ​ ​ Carrying ​ ​ ​ Less than ​ ​ ​ ​ ​ amount Total 1 year 1-2 yrs 2-5 yrs Non-derivative financial liabilities ​ ​ Bank loan 4,048,059 5,240,966 1,091,707 823,594 3,325,665 Non-convertible bonds ​ 3,985,802 ​ 4,514,560 ​ 257,280 ​ 4,257,280 ​ — Other loan ​ 3,793 ​ 3,871 ​ 784 ​ 3,087 ​ — Lease liabilities 197,045 222,389 116,469 96,756 9,164 Trade and other payables 963,294 970,901 853,057 67,267 50,577 Total 9,197,993 10,952,687 2,319,297 5,247,984 3,385,406 ​ At December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contractual cash flows ​ ​ Carrying ​ ​ ​ Less than ​ ​ ​ ​ ​ amount Total 1 year 1-2 yrs 2-5 yrs Non-derivative financial liabilities Bank loan 4,302,297 5,315,182 752,223 717,226 3,845,733 Non-convertible bonds ​ 3,972,640 ​ 4,771,840 ​ 257,280 ​ 257,280 ​ 4,257,280 Other loan ​ 1,488 ​ 1,540 ​ 1,540 ​ — ​ — Lease liabilities 241,997 274,447 94,775 93,050 86,622 Trade and other payables 954,492 962,358 775,885 67,762 118,711 Total 9,472,914 11,325,367 1,881,703 1,135,318 8,308,346

Significant subsidiaries (Table

Significant subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2021
Consolidated subsidiaries
Schedule of consolidated subsidiaries	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Country of ​ December 31, ​ December 31, ​ December 31, ​ incorporation 2021 2020 2019 ​ Headhunter LLC Russia 100 % 100 % 100 % Zarplata.ru LLC (see Note 8(b)) ​ Russia ​ 100 % 100 % — ​ Skillaz LLC (see Note 8(a)) ​ Russia ​ 74.99 % — ​ — ​ Zemenik LLC Russia 100 % 100 % 100 % Headhunter FSU Limited Cyprus 100 % 100 % 100 % Headhunter KZ LLC Kazakhstan 66 % 66 % 66 % 100 Rabot TUT LLC 1 Belarus 50 % 50 % 50 % Vsya rabota LLC 1 Belarus 50 % 50 % — ​ 1

Related parties (Tables)

Related parties (Tables)	12 Months Ended
	Dec. 31, 2021
Related parties
Summary of key management personnel remuneration	​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended ​ ​ December 31, ​ ​ 2021 2020 2019 Salary and bonus 111,702 102,164 116,784 LTIPs, including related social taxes 275,640 224,527 167,004 Pension contributions 12,603 11,469 12,825 Other social contributions 6,147 5,599 6,404 Total remuneration 406,092 343,759 303,017
Summary of board of directors remuneration	​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended ​ ​ December 31 ​ ​ 2021 2020 2019 Cash compensation 30,460 30,099 17,281 Equity awards, including social taxes 24,654 23,597 15,025 Pension contributions 4,628 6,238 2,930 Other social contributions 717 400 195 Total remuneration 60,459 60,334 35,431
Summary of transactions with other related parties	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans granted Loans received Services provided to ​ ​ to related parties ​ from related parties ​ and received from related parties ​ ​ Amounts ​ ​ ​ Amounts ​ ​ ​ Services ​ Amounts ​ Services ​ Amounts ​ ​ owed by ​ ​ ​ owed to ​ ​ ​ provided to ​ owed by ​ received from ​ owed to ​ ​ related ​ Interest ​ related ​ Interest ​ related ​ related ​ related ​ related ​ ​ parties income parties expense parties parties parties parties For the year ended and as of December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Subsidiaries of shareholders exercising significant influence over the Group ​ — ​ — ​ — ​ — ​ 6,508 ​ — ​ — ​ 1,729 Non-controlling shareholders ​ — ​ — ​ 3,793 ​ 572 ​ — ​ — ​ — ​ — Equity-accounted investee ​ — ​ 782 ​ — ​ — ​ 2,525 ​ — ​ 609 ​ — ​ ​ — ​ 782 ​ 3,793 ​ 572 ​ 9,033 ​ — ​ 609 ​ 1,729 For the year ended and as of December 31, 2020 Subsidiaries of shareholders exercising significant influence over the Group — — — — 4,621 — 720 688 Non-controlling shareholders ​ — ​ — ​ 1,478 ​ 11 ​ — ​ — ​ — ​ — Equity-accounted investee ​ 19,719 ​ 947 ​ — ​ — ​ 2,281 ​ 1,140 ​ 26 ​ — ​ 19,719 947 1,478 11 6,902 1,140 746 688 For the year ended and as of December 31, 2019 Shareholders of the Group — — — — — — 9,309 * — Subsidiaries of shareholders exercising significant influence over the Group — — — — 7,448 — — 270 ​ — — — — 7,448 ​ 9,309 270 *

Reporting entity (Details)

Reporting entity (Details) - $ / shares	Jun. 07, 2021	Aug. 13, 2020	Jul. 20, 2020	May 10, 2019	May 08, 2019
Highworld Investments Limited and ELQ Investors VIII Limited | HeadHunter Group PLC
Reporting entity
Ownership interest held by shareholders (as a percent)					40.61%
American Depositary Shares | Initial public offering
Reporting entity
Sale of existing shares in IPO					16,304,348
Offering price per share					$ 13.50
American Depositary Shares | Underwriter's Over-Allotment Option
Reporting entity
Sale of existing shares in IPO				2,445,652
Shares issued during the period	675,000	510,217
American Depositary Shares | Secondary Public Offering ("SPO")
Reporting entity
Shares issued during the period	4,500,000		5,000,000
Offering price per share	$ 37		$ 20.25

Basis of accounting (Details)

Basis of accounting (Details)	Feb. 24, 2016
Headhunter FSU Limited
Basis of presentation
Percentage of voting interest acquired	100.00%

Significant accounting polici_4

Significant accounting policies - Property and equipment (Details)	12 Months Ended
	Dec. 31, 2021
Core systems equipment | Minimum
Property and equipment
Estimated useful life, property and equipment	2 years
Core systems equipment | Maximum
Property and equipment
Estimated useful life, property and equipment	5 years
Office equipment [member] | Minimum
Property and equipment
Estimated useful life, property and equipment	2 years
Office equipment [member] | Maximum
Property and equipment
Estimated useful life, property and equipment	5 years
Fixtures and fittings [member] | Minimum
Property and equipment
Estimated useful life, property and equipment	2 years
Fixtures and fittings [member] | Maximum
Property and equipment
Estimated useful life, property and equipment	5 years
Leasehold improvements | Minimum
Property and equipment
Estimated useful life, property and equipment	3 years
Leasehold improvements | Maximum
Property and equipment
Estimated useful life, property and equipment	5 years
Other property, plant and equipment [member] | Minimum
Property and equipment
Estimated useful life, property and equipment	1 year
Other property, plant and equipment [member] | Maximum
Property and equipment
Estimated useful life, property and equipment	3 years

Significant accounting polici_5

Significant accounting policies - Intangible assets (Details)	12 Months Ended
	Dec. 31, 2021
CV database | Minimum
Significant accounting policies
Estimated useful life, intangible assets	2 years
CV database | Maximum
Significant accounting policies
Estimated useful life, intangible assets	10 years
Non-contractual customer relationships | Minimum
Significant accounting policies
Estimated useful life, intangible assets	5 years
Non-contractual customer relationships | Maximum
Significant accounting policies
Estimated useful life, intangible assets	10 years
Domain names
Significant accounting policies
Estimated useful life, intangible assets	10 years
Patents and trademarks | Minimum
Significant accounting policies
Estimated useful life, intangible assets	5 years
Patents and trademarks | Maximum
Significant accounting policies
Estimated useful life, intangible assets	10 years
Website software
Significant accounting policies
Estimated useful life, intangible assets	3 years
Software
Significant accounting policies
Estimated useful life, intangible assets	5 years
Corporate, office software, licences and others | Minimum
Significant accounting policies
Estimated useful life, intangible assets	1 year
Corporate, office software, licences and others | Maximum
Significant accounting policies
Estimated useful life, intangible assets	3 years

Operating segments - Segment EB

Operating segments - Segment EBITDA (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 25, 2020
Segment EBITDA
External revenue	₽ 15,968,033	₽ 8,282,107	₽ 7,788,741
Segment external expenses	(7,307,693)	(4,169,582)	(3,776,880)
Segment EBITDA	8,660,340	₽ 4,112,525	4,011,861
Zarplata
Operating segments
Percentage of voting interest acquired		100.00%		100.00%
Operating segments [Member]
Segment EBITDA
External revenue	15,968,033	₽ 8,282,107	7,788,741
Inter-segment revenue	81,982	13,568	10,944
Segment external expenses	(6,989,404)	(3,897,170)	(3,682,808)
Inter-segment expenses	(81,102)	(11,052)	(11,184)
Segment EBITDA	8,979,509	4,387,453	4,105,693
Operating segments [Member] | Russia Segment
Segment EBITDA
External revenue	13,891,375	7,724,264	7,211,762
Inter-segment revenue	21,670	3,981	252
Segment external expenses	(5,547,518)	(3,726,803)	(3,480,172)
Inter-segment expenses	(59,878)	(10,513)	(10,806)
Segment EBITDA	8,305,649	3,990,929	3,721,036
Operating segments [Member] | Other segment
Segment EBITDA
External revenue	2,076,658	557,843	576,979
Inter-segment revenue	60,312	9,587	10,692
Segment external expenses	(1,441,886)	(170,367)	(202,636)
Inter-segment expenses	(21,224)	(539)	(378)
Segment EBITDA	673,860	396,524	384,657
Unallocated amounts [member]
Segment EBITDA
Segment external expenses	(318,289)	(272,412)	(94,072)
Segment EBITDA	(318,289)	(272,412)	(94,072)
Eliminations
Segment EBITDA
Inter-segment revenue	(81,982)	(13,568)	(10,944)
Inter-segment expenses	81,102	11,052	11,184
Segment EBITDA	₽ (880)	₽ (2,516)	₽ 240

Operating segments - Reconcilia

Operating segments - Reconciliation of consolidated profit before income tax to segment EBITDA (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating segments
Consolidated profit before income tax	₽ 6,867,605	₽ 2,571,597	₽ 2,225,448
Adjusted for:
Depreciation and amortization	1,066,284	750,558	683,317
Net finance costs (Note 11)	416,471	350,216	526,516
Gain on remeasurement of previously held interest in equity accounted investees (Note 7(a))	(223,308)
Net foreign exchange (gain) /loss	(1,424)	(83,030)	46,508
IPO-related costs			190,284
SPO-related costs	74,443	122,940
Insurance cover related to IPO		54,772	100,048
LTIP's (Note 20)	516,241	262,646	196,993
Costs related to business combinations	(23,083)	(51,665)
Grant of shares to the Board of Directors (including social taxes) (Note 29(b))	24,654	23,597	15,025
Share of loss of equity-accounted investees (net of income tax)	17,925	49,181	30,542
One-off litigation settlements and legal costs			17,734
Other financing and transactional costs	28,044		1,541
Income from depositary	(58,226)	(41,617)	(22,095)
Write-off of expired tax risks and related indemnity	(91,452)
Segment EBITDA (as presented to the CODM)	₽ 8,660,340	₽ 4,112,525	₽ 4,011,861

Operating segments - Reconcil_2

Operating segments - Reconciliation of consolidated operating costs and expenses to segment external expenses (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating segments
Consolidated operating costs and expenses (exclusive of depreciation and amortization)	₽ 7,949,215	₽ 4,691,300	₽ 4,300,263
Adjusted for:
IPO-related costs			(190,284)
Insurance cover related to the IPO		(54,772)	(100,048)
SPO-related costs	(74,443)	(122,940)
Costs related to business combinations	(23,083)	(51,665)
LTIPs (Note 20)	(516,241)	(262,646)	(196,993)
Grant of shares to the Board of Directors (including social taxes) (Note 29(b))	(24,654)	(23,597)	(15,025)
One-off litigation settlements and legal costs			(17,734)
Other financing and transactional costs	(28,044)		(1,541)
Changes in put liability to non-controlling participants in subsidiary	(32,467)
Other	(7,524)	(6,098)	(1,758)
Segment External expenses (as presented to the CODM)	₽ 7,307,693	₽ 4,169,582	₽ 3,776,880

Operating segments - Geographic

Operating segments - Geographical Information (Details) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021RUB (₽)customer	Dec. 31, 2020RUB (₽)	Dec. 31, 2019RUB (₽)
Operating segments
Revenue	₽ 15,968,033	₽ 8,282,107	₽ 7,788,741
Number of major customers | customer	0
Russia
Operating segments
Revenue	₽ 14,965,091	7,663,785	7,170,042
All foreign countries
Operating segments
Revenue	1,002,942	618,322	618,699
Kazakhstan
Operating segments
Revenue	443,557	256,564	232,990
Belarus
Operating segments
Revenue	459,289	301,208	343,964
Other countries
Operating segments
Revenue	₽ 100,096	₽ 60,550	₽ 41,745

Business combinations - Skillaz

Business combinations - Skillaz (Details) - RUB (₽) ₽ in Thousands	1 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Disclosure of associates [line items]
Gain on remeasurement of previously held interest at the fair value		₽ 223,308
Skillaz
Disclosure of associates [line items]
Voting shares			25.01%
Option contacts to purchase additional ownership interest			40.01%
Gain on remeasurement of previously held interest at the fair value	₽ 223,308	₽ 223,308

Business combinations - Movemen

Business combinations - Movement in the Group's previously held interest in Skillaz (Details) - RUB (₽) ₽ in Thousands	1 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Disclosure of associates [line items]
Previously held interest at the equity method		₽ 414,621	₽ 129,666	[1]
Gain on remeasurement of previously held interest at the fair value		223,308
Skillaz
Disclosure of associates [line items]
Previously held interest at the equity method	₽ 124,802		₽ 129,666
Share of loss of equity-accounted investees (net of income tax)	(4,864)
Fair value of previously held interest at control acquisition date	348,110
Gain on remeasurement of previously held interest at the fair value	₽ 223,308	₽ 223,308
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Business combinations - Conside

Business combinations - Consideration transferred in Skillaz (Details) - RUB (₽) ₽ in Thousands	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Disclosure of associates [line items]
Cash transferred			₽ 3,100,000
Skillaz
Disclosure of associates [line items]
Cash transferred	₽ 622,732	₽ 622,732
The control acquisition date fair value of the Group's previously held interest		348,110
Financial assets at fair value through profit or loss	₽ 59,999	59,999
Total consideration transferred		₽ 1,030,841

Business combinations - Cash ou

Business combinations - Cash outflow related to the acquisition of Skillaz (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020	Dec. 25, 2020
Disclosure of detailed information about business combination [line items]
Consideration transferred			₽ (3,100,000)
Skillaz
Disclosure of detailed information about business combination [line items]
Consideration transferred	₽ (622,732)	₽ (622,732)
Cash acquired	66,524
Net cash outflow on acquisition	₽ (556,208)
Zarplata
Disclosure of detailed information about business combination [line items]
Consideration transferred				₽ (3,100,000)

Business combinations - Identif

Business combinations - Identifiable assets acquired and liabilities assumed for Skillaz (Details) - RUB (₽) ₽ in Thousands	Dec. 31, 2021	Mar. 31, 2021	Dec. 25, 2020
Skillaz
Assets
Intangible assets		₽ 609,420
Property and equipment		3,436
Trade and other receivables		3,223
Prepaid expenses and other current assets		3,555
Loans issued		3,224
Cash and cash equivalents		66,524
Total Assets		689,382
Contract liabilities (non-current)		134,004
Contract liabilities (Current)		36,908
Trade and other payables		40,362
Loans and borrowings		50,000
Total Liabilities		261,274
Total net assets		428,108
The amount of non-controlling interest measured at the proportionate share of the identifiable net assets		(149,752)
Goodwill arising on acquisition		752,485
Purchase consideration		₽ 1,030,841
Zarplata
Assets
Intangible assets			₽ 1,094,227
Property and equipment			10,601
Trade and other receivables			6,746
Prepaid expenses and other current assets			42,125
Cash and cash equivalents			95,701
Total Assets			1,444,293
Contract liabilities			74,731
Trade and other payables			27,210
Total Liabilities			858,073
Goodwill arising on acquisition	₽ 2,918,486		2,918,486
Purchase consideration			₽ 3,504,706

Business combinations - Additio

Business combinations - Additional information for Skillaz (Details) - RUB (₽) ₽ in Thousands	Jun. 28, 2021	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about business combination [line items]
Net gain on financial assets measured at fair value through profit and loss (Note 8(a))				₽ 34,508	₽ 150
Skillaz
Disclosure of detailed information about business combination [line items]
Fair value of call option		₽ 59,999	₽ 59,999	59,999
Fair value of call option, prior to acquisition date					₽ 25,491
Net gain on financial assets measured at fair value through profit and loss (Note 8(a))				34,508
Expected volatility		38.00%			38.00%
Risk-free interest rate		4.80%			3.90%
Pre-tax discount rate applied to the cash flow projections		21.30%
Terminal growth rate		2.50%
Average annual revenue growth rate		45.70%
Discount fr the lack of control		12.80%
Fair value of software, trademarks, web site and client base recognized as intangible assets		₽ 609,420
Deferred tax liability		0
Trade and other receivables		3,223
Gross amount of trade receivables		8,004
Bad debt provision		₽ 4,781
Revenue of acquiree since acquisition date			255,000
Profit (loss) before tax of acquiree since acquisition date			₽ 200,000
Revenue from continuing operations if combination had occurred on beginning of the period				16,039
Profit before tax from continuing operations if combination had occurred on beginning of the period				₽ 6,821
Percentage of voting interest acquired		65.02%
Additional interest acquired in subsidiary	9.97%
Proportion of ownership interest in subsidiary	74.99%
Total cash consideration	₽ 155,177
Fair value of the consideration paid	₽ 123,010

Business combinations - Final f

Business combinations - Final fair values of the identifiable assets and liabilities of Zarplata (Details) - Zarplata - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 25, 2020
Disclosure of detailed information about business combination [line items]
Percentage of voting interest acquired		100.00%	100.00%
Decrease of non-contractual customer relationships	₽ 53,694
Decrease in the deferred tax liability	47,818
Increase in goodwill	5,876
Acquisition-related costs		₽ 51,665
Assets
Intangible assets			₽ 1,094,227
Property and equipment			10,601
Deferred tax assets			8,420
Trade and other receivables			6,746
Indemnification asset	117,844		186,473
Prepaid expenses and other current assets			42,125
Cash and cash equivalents			95,701
Total Assets			1,444,293
Liabilities
Trade and other payables			27,210
Income tax payable			86,695
Provisions			488,646
Deferred tax liability			180,791
Total Liabilities			858,073
Goodwill	2,918,486		2,918,486
Purchase consideration			₽ 3,504,706
Non-contractual customer relationships
Disclosure of detailed information about business combination [line items]
Fair value of non contractual customer relationships	₽ 528,772

Business combinations - Consi_2

Business combinations - Consideration transferred in Zarplata (Details) - RUB (₽) ₽ in Thousands	Dec. 31, 2020	Dec. 25, 2020
Consideration transferred
Cash paid	₽ 3,100,000
Zarplata
Consideration transferred
Cash paid		₽ 3,100,000
Contingent consideration payable		404,706
Total consideration transferred		₽ 3,504,706

Business combinations - Cash _2

Business combinations - Cash out flow for Zarplata (Details) - RUB (₽) ₽ in Thousands	Dec. 31, 2020	Dec. 25, 2020
Disclosure of detailed information about business combination [line items]
Cash consideration transferred	₽ 3,100,000
Cash acquired	95,701
Net cash outflow on acquisition	₽ (3,004,299)
Zarplata
Disclosure of detailed information about business combination [line items]
Cash consideration transferred		₽ 3,100,000

Business combinations - Addit_2

Business combinations - Additional information - Zarplata (Details) - Zarplata - RUB (₽) ₽ in Thousands	Dec. 25, 2020	Mar. 31, 2021	Feb. 28, 2021	Dec. 31, 2020	Dec. 31, 2021
Disclosure of detailed information about business combination [line items]
Intangible assets	₽ 1,094,227
Trade and other receivables	6,746
Gross amount of trade receivables	8,760
Provision for tax risks	586,100				₽ 432,626
Indemnification asset	₽ 186,473				117,844
Revenue from continuing operations				₽ 9,062,000
Profit before tax from continuing operations				₽ 2,562,000
Seller's imbursement period for losses incurred, suffered or sustained due to tax risks	4 years
Consideration payable
Contingent consideration paid which is subject to customary closing conditions		₽ 216,764
Contingent consideration paid which is subject to certain historical tax risks			₽ 17,000
Consideration payable as at acquisition date	₽ 216,764				177,503
Consideration payable, undiscounted values	203,796				₽ 185,111
Consideration payable over 4-year period	₽ 187,942
Timing of cash outflows for contingent liabilities	4 years
Software, trademarks, client base, CV database
Disclosure of detailed information about business combination [line items]
Intangible assets	₽ 1,094,227

Earnings per share - Summary (D

Earnings per share - Summary (Details) - shares	May 14, 2021	May 08, 2020	May 08, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings per share
Number of dilutive unvested ordinary shares				1,356,446	1,377,708	956,590
Directors.
Earnings per share
Number of shares authorized				42,534
Vesting period				3 years
If Vested On December 31 2021
Earnings per share
Number of new shares to be issued				513,612
2016 Headhunter Unit Option Plan
Earnings per share
Percentage of awards settled	18.75%	18.75%
Number of new shares to be issued			1,271,436
Number of shares forfeiture		23,126
Term of plan			4 years
Remaining shares available for issuance				612,590
2018 Unit Option Plan
Earnings per share
Term of plan				7 years
Remuneration agreements
Earnings per share
Remaining shares available for issuance				1,659,800	1,358,914	1,514,114
2021 RSU Plan
Earnings per share
Number of shares to be issued on fully diluted aggregate number of ordinary shares issued (in percent)				6.00%
Number of unvested ordinary shares to be issued				491,064
Number of dilutive unvested ordinary shares				130,232
Vesting period				2 years
Maximum | 2021 RSU Plan
Earnings per share
Vesting period				4 years
Ordinary shares
Earnings per share
Shares issued during the period	317,860	317,860
Aggregate number of shares issued		50,317,860		50,635,720	50,317,860
Ordinary shares | 2016 Headhunter Unit Option Plan
Earnings per share
Shares issued during the period		635,720

Earnings per share - Calculatio

Earnings per share - Calculation of Earnings Per Share (Details) - RUB (₽) ₽ / shares in Units, ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings per share
Net income attributable to owners of the Company	₽ 5,390,677	₽ 1,748,960	₽ 1,448,018
Weighted average number of ordinary shares outstanding (Note 19)	50,499,021	50,206,696	50,000,000
Effects of dilution from:
Share options (weighted average)	1,356,446	1,377,708	956,590
Weighted average number of ordinary shares outstanding, adjusted for the effect of dilution	51,855,467	51,584,404	50,956,590
Earnings per share (in Russian Roubles per share)
Basic	₽ 106.75	₽ 34.84	₽ 28.96
Diluted	₽ 103.96	₽ 33.90	₽ 28.42

Revenue - Disaggregation of rev

Revenue - Disaggregation of revenue from contracts with customers (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue
Revenue	₽ 15,968,033	₽ 8,282,107	₽ 7,788,741
Bundled Subscriptions
Revenue
Revenue	4,130,071	2,372,467	2,223,951
CV Database Access
Revenue
Revenue	3,260,514	1,812,245	1,761,728
Job Postings
Revenue
Revenue	6,963,354	3,342,225	3,112,188
Other VAS
Revenue
Revenue	1,614,094	755,170	690,874
Russia Segment
Revenue
Revenue	14,809,643	7,724,264	7,211,762
Revenue attributable to non-monetary exchange of services	77,763	43,397	50,804
Russia Segment | Bundled Subscriptions
Revenue
Revenue		2,332,272	2,154,831
Russia Segment | CV Database Access
Revenue
Revenue		1,538,702	1,508,085
Russia Segment | Job Postings
Revenue
Revenue		3,134,522	2,900,678
Russia Segment | Other VAS
Revenue
Revenue		718,768	648,168
Russia Segment | Key Accounts
Revenue
Revenue	5,290,578	2,971,571	2,646,608
Russia Segment | Key Accounts | Moscow and St.Petersburg
Revenue
Revenue	3,868,460	2,156,248	1,981,959
Russia Segment | Key Accounts | Other regions of Russia
Revenue
Revenue	1,422,118	815,323	664,649
Russia Segment | Small And Medium Accounts
Revenue
Revenue	8,917,357	4,351,878	4,193,876
Russia Segment | Small And Medium Accounts | Moscow and St.Petersburg
Revenue
Revenue	4,881,678	2,526,381	2,579,517
Russia Segment | Small And Medium Accounts | Other regions of Russia
Revenue
Revenue	4,035,679	1,825,497	1,614,359
Russia Segment | Foreign Customers
Revenue
Revenue	95,272	57,822	41,385
Russia Segment | Other Customers
Revenue
Revenue	506,436	342,993	329,893
Russia (hh.ru)
Revenue
Revenue	13,891,375
Russia (hh.ru) | Bundled Subscriptions
Revenue
Revenue	3,787,713
Russia (hh.ru) | CV Database Access
Revenue
Revenue	2,740,223
Russia (hh.ru) | Job Postings
Revenue
Revenue	6,194,180
Russia (hh.ru) | Other VAS
Revenue
Revenue	1,169,259
Russia (Zarplata.ru)
Revenue
Revenue	918,268
Russia (Zarplata.ru) | Bundled Subscriptions
Revenue
Revenue	276,535
Russia (Zarplata.ru) | CV Database Access
Revenue
Revenue	109,917
Russia (Zarplata.ru) | Job Postings
Revenue
Revenue	390,455
Russia (Zarplata.ru) | Other VAS
Revenue
Revenue	141,361
Other segment
Revenue
Revenue	1,158,390	557,843	576,979
Other segment | Bundled Subscriptions
Revenue
Revenue	65,823	40,195	69,120
Other segment | CV Database Access
Revenue
Revenue	410,374	273,543	253,643
Other segment | Job Postings
Revenue
Revenue	378,719	207,703	211,510
Other segment | Other VAS
Revenue
Revenue	₽ 303,474	₽ 36,402	₽ 42,706

Revenue - Contract balances (De

Revenue - Contract balances (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue.
Receivables, which are included in "Trade and other receivables"	₽ 141,125	₽ 61,028
Contract liabilities	4,644,839	2,785,402
Revenue recognized from performance obligations satisfied (or partially satisfied) in previous periods	2,619,549	2,196,418
Revenue recognized from performance obligations satisfied (or partially satisfied) in previous periods	₽ 20,649	₽ 10,662

Operating costs and expenses _3

Operating costs and expenses (exclusive of depreciation and amortization) (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating costs and expenses (exclusive of depreciation and amortization)
Personnel expenses	₽ (4,183,569)	₽ (2,579,958)	₽ (2,234,309)
Marketing expenses	(2,113,439)	(1,105,247)	(1,046,678)
Subcontractor and other costs related to provision of services	(430,276)	(194,644)	(186,337)
Office rent and maintenance	(306,116)	(176,672)	(206,501)
Professional services	(470,918)	(335,681)	(347,963)
Insurance Services.	169,537	181,047	111,251
Hosting and other website maintenance	(81,471)	(46,325)	(40,421)
Other operating expenses	(193,889)	(71,726)	(126,803)
Operating costs and expenses (exclusive of depreciation and amortization)	(7,949,215)	(4,691,300)	(4,300,263)
Contributions to state pension funds	₽ 602,977	₽ 375,977	₽ 291,211

Finance income and costs - Fina

Finance income and costs - Finance income (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finance income and costs
Interest on term deposits	₽ 204,497	₽ 51,857	₽ 76,202
Interest accrued on loans to related parties (Note 29())	782	947
Interest accrued on loan to third party	2,807
Net gain on financial assets measured at fair value through profit and loss (Note 8(a))	34,508	150
Other interest income	514	6,375	562
Total finance income	₽ 243,108	₽ 59,329	₽ 76,764

Finance income and costs - Fi_2

Finance income and costs - Finance costs (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finance income and costs
Interest accrued on bank loan (Note 21(a))	₽ (342,425)	₽ (357,377)	₽ (559,527)
Interest accrued on non-convertible bonds (Note 21(b))	(270,442)	(12,543)
Interest accrued on lease liabilities (Note 23)	(20,466)	(26,334)	(32,941)
Interest accrued on loans from related parties (Note 29(c))	(572)
Interest accrued on other loan			(6,391)
Other interest costs	(25,674)	(13,291)	(4,421)
Total finance costs	₽ (659,579)	₽ (409,545)	₽ (603,280)

Income taxes - Amounts recogniz

Income taxes - Amounts recognized in profit or loss (Details) - RUB (₽) ₽ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income taxes
Applicable tax rate		20.00%	20.00%	20.00%
Current tax expense:
Current year		₽ (1,935,291)	₽ (873,925)	₽ (923,760)
Reversal of provision for uncertain income tax positions		221,700	92,012	110,708
Recognition of provision for uncertain income tax positions		(31,332)	(4,044)	(447,034)
Total current tax expense		(1,744,923)	(785,957)	(1,260,086)
Deferred tax expense:
Origination and reversal of temporary differences		370,089	100,185	168,630
Reversal of deferred tax on unremitted earnings	₽ 447,034			447,034
Total deferred tax reversal		370,089	100,185	615,664
Total income tax expense		₽ (1,374,834)	₽ (685,772)	₽ (644,422)
Additional disclosures
Provisions for uncertain tax positions recognized	₽ 447,034

Income taxes - Income tax payab

Income taxes - Income tax payable (Details) - RUB (₽) ₽ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Income taxes
Current income tax payable	₽ 202,112	₽ 55,921
Provision for uncertain income tax positions (Notes 13(a), 8(b))	155,443	345,812
Total income tax payable	₽ 357,555	₽ 401,733	[1]
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Income taxes - Reconciliation o

Income taxes - Reconciliation of effective tax rate (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income taxes
Profit (Loss) before income tax	₽ 6,867,605	₽ 2,571,597	₽ 2,225,448
Income tax at 20% tax rate	(1,373,521)	(514,319)	(445,090)
Effect of tax rates in foreign jurisdictions	2,920	3,878	(23,408)
Withholding tax on intra-group dividends	(14,643)	(15,771)	(77,516)
Reversal/(recognition) of provision for uncertain income tax positions	221,700	92,012	137,952
Non-taxable gain on remeasurement of previously held interest in equity accounted investees	44,662
Unrecognized deferred tax asset	(101,829)	(134,495)	(113,047)
Non-deductible interest expense			(18,421)
Non-deductible expenses related to LTIPs	(56,662)	(52,465)	(35,485)
Effect of tax exemption in subsidiary	(43,008)
Other net non-deductible expense	(54,453)	(64,612)	(69,407)
Total income tax expense	₽ (1,374,834)	₽ (685,772)	₽ (644,422)
Applicable tax rate	20.00%	20.00%	20.00%

Income taxes - Recognized defer

Income taxes - Recognized deferred tax assets and liabilities (Details) - RUB (₽) ₽ in Thousands	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Deferred tax assets:
Deferred tax assets netting	₽ (22,957)	₽ (25,627)
Total deferred tax assets	451,890	176,328	[1]
Deferred tax liabilities:
Deferred tax liabilities netting	22,957	25,627
Total deferred tax liabilities	(504,367)	(611,152)	[1]
Net deferred tax liability	(52,477)	(434,824)		₽ (362,969)
Additional disclosures
Unrecognized deferred tax assets	669,664	567,835
Contract liabilities.
Deferred tax assets:
Deferred tax assets	329,221	140,143
Deferred tax liabilities:
Net deferred tax liability	329,221	140,143		135,203
Unused vacation accruals
Deferred tax assets:
Deferred tax assets	21,942	11,567
Deferred tax liabilities:
Net deferred tax liability	21,942	11,567		8,614
Employee benefits
Deferred tax assets:
Deferred tax assets	37,799	30,502
Deferred tax liabilities:
Net deferred tax liability	37,799	30,502		13,323
Trade and other payables.
Deferred tax assets:
Deferred tax assets	15,210	6,408
Deferred tax liabilities:
Net deferred tax liability	15,210	6,408		7,728
Right-of-use assets and lease liabilities
Deferred tax assets:
Deferred tax assets	5,251	5,452
Deferred tax liabilities:
Net deferred tax liability	5,251	5,452		4,139
Intangible assets
Deferred tax assets:
Deferred tax assets	4,244	7,883
Deferred tax liabilities:
Net deferred tax liability	(511,697)	(607,471)		(522,280)
Property and equipment
Deferred tax assets:
Deferred tax assets	2,149
Deferred tax liabilities:
Deferred tax liabilities		(4,478)
Net deferred tax liability	2,149	(4,478)		₽ (9,696)
Tax benefit from LTIPs - income
Deferred tax assets:
Deferred tax assets	46,586
Deferred tax liabilities:
Net deferred tax liability	46,586
Tax benefit from LTIPs - equity
Deferred tax assets:
Deferred tax assets	12,445
Deferred tax liabilities:
Net deferred tax liability	12,445
Intangible assets, excluding assets identified on acquisition
Deferred tax liabilities:
Deferred tax liabilities	(572)	(4,918)
Intangible asset identified on acquisitions
Deferred tax liabilities:
Deferred tax liabilities	(515,369)	(610,436)
Loans and borrowings
Deferred tax liabilities:
Deferred tax liabilities	(11,383)	(16,947)
Net deferred tax liability	₽ (11,383)	₽ (16,947)
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Income taxes - Movement in defe

Income taxes - Movement in deferred tax liabilities (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income taxes
Balance, beginning of year	₽ (434,824)	₽ (362,969)
Recognized in profit or loss	370,089	100,185
Recognized in equity	12,445
Acquired in business combination		(172,371)
Effect of movement in exchange rates	(187)	331
Balance, end of year	(52,477)	(434,824)
Property and equipment
Income taxes
Balance, beginning of year	(4,478)	(9,696)
Recognized in profit or loss	6,629	5,473
Acquired in business combination		(260)
Effect of movement in exchange rates	(2)	5
Balance, end of year	2,149	(4,478)
Intangible assets
Income taxes
Balance, beginning of year	(607,471)	(522,280)
Recognized in profit or loss	95,799	87,695
Acquired in business combination		(172,907)
Effect of movement in exchange rates	(25)	21
Balance, end of year	(511,697)	(607,471)
Unused vacation accruals
Income taxes
Balance, beginning of year	11,567	8,614
Recognized in profit or loss	10,411	2,870
Acquired in business combination		24
Effect of movement in exchange rates	(36)	59
Balance, end of year	21,942	11,567
Employee benefits
Income taxes
Balance, beginning of year	30,502	13,323
Recognized in profit or loss	7,321	16,438
Acquired in business combination		731
Effect of movement in exchange rates	(24)	10
Balance, end of year	37,799	30,502
Contract liabilities.
Income taxes
Balance, beginning of year	140,143	135,203
Recognized in profit or loss	189,179	4,809
Effect of movement in exchange rates	(101)	131
Balance, end of year	329,221	140,143
Trade and other payables.
Income taxes
Balance, beginning of year	6,408	7,728
Recognized in profit or loss	8,798	(1,464)
Acquired in business combination		41
Effect of movement in exchange rates	4	103
Balance, end of year	15,210	6,408
Loans and borrowings
Income taxes
Balance, beginning of year	(16,947)
Recognized in profit or loss	5,564	(16,947)
Balance, end of year	(11,383)	(16,947)
Right-of-use assets and lease liabilities
Income taxes
Balance, beginning of year	5,452	4,139
Recognized in profit or loss	(198)	1,311
Effect of movement in exchange rates	(3)	2
Balance, end of year	5,251	₽ 5,452
Tax benefit from LTIPs - income
Income taxes
Recognized in profit or loss	46,586
Balance, end of year	46,586
Tax benefit from LTIPs - equity
Income taxes
Recognized in equity	12,445
Balance, end of year	₽ 12,445

Property and equipment (Details

Property and equipment (Details) - RUB (₽) ₽ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Property and equipment
Balance at January 1	[1]	₽ 466,725
Balance at December 31		423,986	₽ 466,725	[1]
Gross
Property and equipment
Balance at January 1		781,047	599,372
Acquisition through business combinations (Note 8)		3,436	10,601
Additions		150,823	177,243
Disposals		(86,690)	(6,385)
Foreign currency translation difference		(106)	216
Balance at December 31		848,510	781,047
Accumulated depreciation and amortization
Property and equipment
Balance at January 1		(314,322)	(169,628)
Depreciation for the year		196,843	150,412
Disposals		86,552	5,865
Foreign currency translation difference		89	(147)
Balance at December 31		(424,524)	(314,322)
Servers and computers
Property and equipment
Balance at January 1		108,058
Balance at December 31		138,106	108,058
Servers and computers | Gross
Property and equipment
Balance at January 1		202,129	174,157
Acquisition through business combinations (Note 8)			4,843
Additions		75,667	23,390
Disposals		(3,890)	(261)
Balance at December 31		273,906	202,129
Servers and computers | Accumulated depreciation and amortization
Property and equipment
Balance at January 1		(94,071)	(64,523)
Depreciation for the year		45,619	29,809
Disposals		3,890	261
Balance at December 31		(135,800)	(94,071)
Office equipment, furniture and other
Property and equipment
Balance at January 1		148,885
Balance at December 31		142,038	148,885
Office equipment, furniture and other | Gross
Property and equipment
Balance at January 1		293,035	215,484
Acquisition through business combinations (Note 8)		3,436	5,758
Additions		69,831	77,728
Disposals		(75,867)	(6,124)
Foreign currency translation difference		(95)	189
Balance at December 31		290,340	293,035
Office equipment, furniture and other | Accumulated depreciation and amortization
Property and equipment
Balance at January 1		(144,150)	(87,468)
Depreciation for the year		79,962	62,146
Disposals		75,729	5,604
Foreign currency translation difference		81	(140)
Balance at December 31		(148,302)	(144,150)
Leasehold improvements
Property and equipment
Balance at January 1		209,782
Balance at December 31		143,842	209,782
Leasehold improvements | Gross
Property and equipment
Balance at January 1		285,883	209,731
Additions		5,325	76,125
Disposals		(6,933)
Foreign currency translation difference		(11)	27
Balance at December 31		284,264	285,883
Leasehold improvements | Accumulated depreciation and amortization
Property and equipment
Balance at January 1		(76,101)	(17,637)
Depreciation for the year		71,262	58,457
Disposals		6,933
Foreign currency translation difference		8	(7)
Balance at December 31		₽ (140,422)	₽ (76,101)
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Intangible assets and goodwil_2

Intangible assets and goodwill - Summary (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Mar. 31, 2021	Dec. 25, 2020
Intangible assets and goodwill
Beginning balance	₽ 13,267,365
Goodwill	10,630,361	₽ 9,881,100	[1]
Ending balance	13,955,496	₽ 13,267,365
Zarplata
Intangible assets and goodwill
Percentage of voting interest acquired		100.00%			100.00%
Skillaz
Intangible assets and goodwill
Percentage of voting interest acquired				65.02%
Goodwill
Intangible assets and goodwill
Beginning balance	9,881,100
Ending balance	10,630,361	₽ 9,881,100
CV database
Intangible assets and goodwill
Beginning balance	438,626
Ending balance	335,461	438,626
Non-contractual customer relationships
Intangible assets and goodwill
Beginning balance	1,584,715
Ending balance	1,352,008	1,584,715
Trademarks and domains
Intangible assets and goodwill
Beginning balance	1,166,878
Ending balance	977,002	1,166,878
Website software
Intangible assets and goodwill
Beginning balance	165,516
Ending balance	602,315	165,516
Patents and copyrights
Intangible assets and goodwill
Beginning balance	560
Ending balance	2,112	560
Other software, licenses and other
Intangible assets and goodwill
Beginning balance	29,970
Ending balance	56,237	29,970
Gross
Intangible assets and goodwill
Beginning balance	15,390,454	11,418,381
Acquisition through business combinations (Note 8)	1,361,905	4,012,713
Additions arising from internal development	17,998	15,040
Other additions	99,597	68,614
Disposals	(87,691)	(132,684)
Foreign currency translation difference	(3,270)	8,390
Ending balance	16,778,993	15,390,454
Gross | Goodwill
Intangible assets and goodwill
Beginning balance	9,881,100	6,954,183
Acquisition through business combinations (Note 8)	752,485	2,918,486
Foreign currency translation difference	(3,224)	8,431
Ending balance	10,630,361	9,881,100
Gross | CV database
Intangible assets and goodwill
Beginning balance	737,913	635,605
Acquisition through business combinations (Note 8)		102,308
Ending balance	737,913	737,913
Gross | Non-contractual customer relationships
Intangible assets and goodwill
Beginning balance	2,572,532	2,043,760
Acquisition through business combinations (Note 8)	39,273	528,772
Ending balance	2,611,805	2,572,532
Gross | Trademarks and domains
Intangible assets and goodwill
Beginning balance	1,902,437	1,526,889
Acquisition through business combinations (Note 8)	212	375,724
Other additions	33
Foreign currency translation difference	113	(176)
Ending balance	1,902,795	1,902,437
Gross | Website software
Intangible assets and goodwill
Beginning balance	212,508	163,466
Acquisition through business combinations (Note 8)	566,384	82,549
Additions arising from internal development	17,998	15,040
Other additions	5,212	10,973
Disposals	(27,063)	(59,545)
Foreign currency translation difference	(128)	25
Ending balance	774,911	212,508
Gross | Patents and copyrights
Intangible assets and goodwill
Beginning balance	6,473	5,735
Other additions	3,667	1,588
Disposals	(2,741)	(874)
Foreign currency translation difference		24
Ending balance	7,399	6,473
Gross | Other software, licenses and other
Intangible assets and goodwill
Beginning balance	77,491	88,743
Acquisition through business combinations (Note 8)	3,551	4,874
Other additions	90,685	56,053
Disposals	(57,887)	(72,265)
Foreign currency translation difference	(31)	86
Ending balance	113,809	77,491
Accumulated depreciation and amortization
Intangible assets and goodwill
Beginning balance	(2,123,089)	(1,730,781)
Amortization for the year	788,092	524,963
Disposals	87,676	132,670
Foreign currency translation difference	8	(15)
Ending balance	(2,823,497)	(2,123,089)
Accumulated depreciation and amortization | CV database
Intangible assets and goodwill
Beginning balance	(299,287)	(235,725)
Amortization for the year	103,165	63,562
Ending balance	(402,452)	(299,287)
Accumulated depreciation and amortization | Non-contractual customer relationships
Intangible assets and goodwill
Beginning balance	(987,817)	(783,441)
Amortization for the year	271,980	204,376
Ending balance	(1,259,797)	(987,817)
Accumulated depreciation and amortization | Trademarks and domains
Intangible assets and goodwill
Beginning balance	(735,559)	(583,022)
Amortization for the year	190,220	152,559
Foreign currency translation difference	(14)	22
Ending balance	(925,793)	(735,559)
Accumulated depreciation and amortization | Website software
Intangible assets and goodwill
Beginning balance	(46,992)	(73,713)
Amortization for the year	152,668	32,824
Disposals	27,063	59,545
Foreign currency translation difference	1
Ending balance	(172,596)	(46,992)
Accumulated depreciation and amortization | Patents and copyrights
Intangible assets and goodwill
Beginning balance	(5,913)	(4,440)
Amortization for the year	2,100	2,333
Disposals	2,726	860
Ending balance	(5,287)	(5,913)
Accumulated depreciation and amortization | Other software, licenses and other
Intangible assets and goodwill
Beginning balance	(47,521)	(50,440)
Amortization for the year	67,959	69,309
Disposals	57,887	72,265
Foreign currency translation difference	21	(37)
Ending balance	₽ (57,572)	₽ (47,521)
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Intangible assets and goodwil_3

Intangible assets and goodwill - Summary of goodwill allocated to CGUs (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Carrying amount of goodwill allocated to each of the CGUs:
Goodwill		₽ 10,630,361		₽ 9,881,100	[1]
Decrease in compound annual growth rate		1.00%
Russia Segment
Carrying amount of goodwill allocated to each of the CGUs:
Goodwill		₽ 6,607,362		6,607,362
Kazakhstan segment
Carrying amount of goodwill allocated to each of the CGUs:
Goodwill		171,792		178,380
Belarus segment
Carrying amount of goodwill allocated to each of the CGUs:
Goodwill		180,236		176,872
Zarplata segment
Carrying amount of goodwill allocated to each of the CGUs:
Goodwill		₽ 2,918,486		₽ 2,918,486
Period over which management has projected cash flows		5 years
Compound revenue annual growth rate		11.40%
Discount rate applied to the cash flow projections		17.20%
Annual growth rate for the forecasted cash flows		3.20%
Expected impairment in case of reasonably possible decrease in compound growth rate		₽ 120,000
Skillaz segment
Carrying amount of goodwill allocated to each of the CGUs:
Goodwill		₽ 752,485
Period over which management has projected cash flows		5 years
Compound revenue annual growth rate		44.80%
Discount rate applied to the cash flow projections		22.00%
Annual growth rate for the forecasted cash flows		3.00%
Minimum | Zarplata segment
Carrying amount of goodwill allocated to each of the CGUs:
Expected EBITDA margin		35.30%
Minimum | Zarplata segment | Subsequent events | Forecast
Carrying amount of goodwill allocated to each of the CGUs:
Percentage of reasonably possible decrease in compound annual growth rate	1.00%
Minimum | Skillaz segment
Carrying amount of goodwill allocated to each of the CGUs:
Expected EBITDA margin		(5.80%)
Maximum | Zarplata segment
Carrying amount of goodwill allocated to each of the CGUs:
Expected EBITDA margin		43.70%
Maximum | Skillaz segment
Carrying amount of goodwill allocated to each of the CGUs:
Expected EBITDA margin		24.00%
Skillaz
Carrying amount of goodwill allocated to each of the CGUs:
Discount rate applied to the cash flow projections			21.30%
Annual growth rate for the forecasted cash flows			2.50%
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Equity-accounted investees - In

Equity-accounted investees - Investments in equity-accounted investees (Details) - RUB (₽) ₽ in Thousands	Oct. 28, 2021	May 06, 2019	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Disclosure of associates [line items]
Carrying value				₽ 414,621	₽ 129,666	[1]
YouDo.
Disclosure of associates [line items]
Voting shares	9.91%			9.91%
Carrying value				₽ 360,574
Dream Job LLC [Member]
Disclosure of associates [line items]
Voting shares				25.00%
Carrying value				₽ 54,047
Skillaz
Disclosure of associates [line items]
Voting shares		25.01%	25.01%		25.01%
Carrying value					₽ 129,666
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Equity-accounted investees - Sk

Equity-accounted investees - Skillaz (Details) - RUB (₽) ₽ in Thousands	3 Months Ended	8 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2019	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Equity-accounted investees
Non-current assets			₽ 15,452,084	₽ 14,314,412	[1]
Current assets			7,330,188	3,810,499	[1]
Non-current liabilities			(8,386,951)	(8,975,683)	[1]
Current liabilities			(8,431,977)	(5,640,486)	[1]
Revenue			15,968,033	8,282,107		₽ 7,788,741
Total comprehensive loss			₽ 5,490,949	1,900,934		₽ 1,539,208
Skillaz
Equity-accounted investees
Total net assets				₽ (29,091)
Percentage of net assets owned				25.01%
Goodwill				₽ 158,757
Group's share of total comprehensive loss	₽ (4,864)	₽ (30,542)		(49,181)
Skillaz
Equity-accounted investees
Non-current assets				73,467
Current assets				74,005
Non-current liabilities				(49,297)
Current liabilities				(214,493)
Total net assets				₽ (116,318)
Total net assets, percent			100.00%	100.00%
Revenue	70,498	67,701		₽ 152,750
Loss from continuing operations	(19,450)	(122,118)		(196,647)
Total comprehensive loss	₽ (19,450)	₽ (122,118)		(196,647)
Capital commitments				0
Contingent liabilities				₽ 0
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Equity-accounted investees - Yo

Equity-accounted investees - YouDo (Details) ₽ in Thousands, $ in Millions	Oct. 28, 2021RUB (₽)	Oct. 28, 2021USD ($)	Dec. 31, 2021RUB (₽)	Apr. 27, 2024	Apr. 27, 2023	Dec. 31, 2021RUB (₽)	Dec. 31, 2020RUB (₽)	[1]
Summarised financial information
Non-current assets			₽ 15,452,084			₽ 15,452,084	₽ 14,314,412
Current assets			7,330,188			7,330,188	3,810,499
Non-current liabilities			(8,386,951)			(8,386,951)	(8,975,683)
Current liabilities			₽ (8,431,977)			₽ (8,431,977)	₽ (5,640,486)
YouDo.
Summarised financial information
Percentage ownership interest	9.91%	9.91%				9.91%
Cash consideration	₽ 349,052	$ 5
Acquisition related costs	₽ 17,329
Percentage of net assets owned			9.91%			9.91%
Percentage Of Right To Purchase Ownership Interest In Several Options Agreements						43.20%
YouDo. | Level 3 of fair value hierarchy [member]
Summarised financial information
Total net assets			₽ 85,695			₽ 85,695
YouDo. | Exercise of call-options relating to purchase of additional shares in YouDo
Summarised financial information
Percentage Of Right To Purchase Ownership Interest In Call Option						46.89%
YouDo. | Forecast | Exercise of call-options relating to purchase of additional shares in YouDo
Summarised financial information
Percentage Of Right To Purchase Ownership Interest In Call Option				31.99%	14.90%
YouDo. | Call option 1 was not exercised | Exercise of call-options relating to purchase of additional shares in YouDo
Summarised financial information
Percentage Of Right To Purchase Ownership Interest In Call Option				46.89%
YouDo
Summarised financial information
Non-current assets			610,622			₽ 610,622
Current assets			324,752			324,752
Non-current liabilities			(53,768)			(53,768)
Current liabilities			(75,461)			(75,461)
Total net assets			₽ 806,145			₽ 806,145
Total net assets, percent			100.00%			100.00%
YouDo | Level 3 of fair value hierarchy [member]
Summarised financial information
Non-current assets			₽ 628,010			₽ 628,010
Current assets			127,441			127,441
Non-current liabilities			(53,768)			(53,768)
Current liabilities			(186,002)			(186,002)
Total net assets			515,681			515,681
The Group's contribution to YouDo' equity			349,052			349,052
Total net assets, including the Group's contribution			₽ 864,733			₽ 864,733
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Equity-accounted investees - _2

Equity-accounted investees - YouDo - Additional information (Details) - RUB (₽) ₽ in Thousands	2 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Disclosure of associates [line items]
Non-current assets	₽ 15,452,084	₽ 15,452,084	₽ 14,314,412	[1]
Current assets	7,330,188	7,330,188	3,810,499	[1]
Non-current liabilities	(8,386,951)	(8,386,951)	(8,975,683)	[1]
Current liabilities	(8,431,977)	(8,431,977)	(5,640,486)	[1]
Carrying value	414,621	414,621	129,666	[1]
Revenue		15,968,033	8,282,107		₽ 7,788,741
Profit (Loss) before income tax		6,867,605	2,571,597		2,225,448
Income tax (expense)/benefit		1,374,834	685,772		644,422
Profit (loss)		5,492,771	1,885,825		1,581,026
Total comprehensive loss		₽ 5,490,949	₽ 1,900,934		₽ 1,539,208
YouDo
Disclosure of associates [line items]
Percentage ownership interest		9.91%
Net assets	79,888	₽ 79,888
Group's share of net assets	85,695	85,695
Goodwill	280,686	280,686
Cash consideration transferred		366,381
Total net assets	79,888	79,888
Carrying value	360,574	360,574
Group's share of total comprehensive loss	(5,807)
YouDo
Disclosure of associates [line items]
Net assets	806,145	806,145
Non-current assets	610,622	610,622
Current assets	324,752	324,752
Non-current liabilities	(53,768)	(53,768)
Current liabilities	(75,461)	(75,461)
Total net assets	806,145	806,145
Revenue	86,539
Profit (Loss) before income tax	(58,592)
Profit (loss)	(58,592)
Total comprehensive loss	(58,592)
Capital commitments	0	0
Contingent liabilities	₽ 0	₽ 0
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Equity-accounted investees - Im

Equity-accounted investees - Impairment test (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Jan. 01, 2029
Equity-accounted investees
Percent Increase Or Decrease In Revenue Impact On Impairment Of The Investment In Associate	(5.00%)
Percent Increase Or Decrease In EBITDA Impact On Impairment Of The Investment In Associate	(10.00%)
Percent Increase Or Decrease In Discount Rate Impact On Impairment Of The Investment In Associate	1.00%
Impairment as a result of reasonably possible decrease in annual growth rate	₽ 81,813
Impairment as a result of reasonably possible decrease in EBITDA assumptions	47,754
Impairment as a result of reasonably possible increase in pre-tax discount rate	₽ 46,534
YouDo.
Equity-accounted investees
Period over which management has projected cash flows	7 years
Revenue Growth Rate Applied to Cash Flow Projections	41.10%
Expected EBITDA Margin of the Investment in Associate	34.90%
Discount rate applied to the cash flow projections	17.60%
YouDo. | Forecast
Equity-accounted investees
Annual growth rate for the forecasted cash flows		3.00%

Equity-accounted investees - Dr

Equity-accounted investees - Dream Job (Details) - RUB (₽) ₽ in Thousands	Apr. 20, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of associates [line items]
Cash consideration transferred		₽ 426,998	₽ 0	₽ 234,730
Dream Job LLC [Member]
Disclosure of associates [line items]
Percentage of voting interest acquired	25.00%
Cash consideration transferred	₽ 60,000
The Group's share of: loss from continuing operations		(7,254)
The Group's share of: total comprehensive loss		₽ (7,254)

Trade and other receivables - S

Trade and other receivables - Summary of trade and other current receivables (Details) - RUB (₽) ₽ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Trade and other receivables
Trade receivables	₽ 141,125	₽ 61,028
Taxes receivable	2,881	2,955
Other receivables	10,596	5,137
Total trade and other receivables	154,602	69,120	[1]
Trade and other receivables.
Trade and other receivables
Allowance for expected credit losses	₽ 17,337	₽ 5,734
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Cash and cash equivalents (Deta

Cash and cash equivalents (Details) - RUB (₽) ₽ in Thousands	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019	Dec. 31, 2018
Cash and cash equivalents
Petty cash	₽ 448	₽ 344
Bank balances	6,320,570	3,315,485
Call deposits	202,210	51,781
Total cash and cash equivalents	₽ 6,523,228	₽ 3,367,610	[1]	₽ 2,089,215	₽ 2,861,110
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Capital and reserves - Share ca

Capital and reserves - Share capital and share premium (Details) ₽ in Thousands

May 14, 2021shares

May 08, 2020shares

Feb. 16, 2018RUB (₽)

Jan. 29, 2018RUB (₽)

Feb. 24, 2016RUB (₽)shares

May 28, 2014RUB (₽)shares

Dec. 31, 2021RUB (₽)Voteshares

Dec. 31, 2020RUB (₽)shares

Dec. 31, 2019RUB (₽)

Dec. 31, 2021€ / shares

Dec. 31, 2020€ / shares

Oct. 24, 2019shares

Oct. 23, 2019shares

Mar. 01, 2018€ / sharesshares

Capital and reserves

Share capital

₽ 8,655

₽ 8,597

[1]

Number of shares issued but not fully paid | shares

317,860

317,860

Shareholder receivable

108

50

Increase in equity from issuance of shares

₽ 58

₽ 50

Number of votes per share | Vote

1

2016 Head Hunter Unit Option Plan

Capital and reserves

New shares issued under compensation plans | shares

317,860

Ordinary shares

Capital and reserves

Number of shares issued | shares

50,317,860

50,635,720

50,317,860

Number of Shares Newly Issued | shares

317,860

Number of shares authorised | shares

60,000,000

60,000,000

60,000,000

50,000,000

Par value | € / shares

€ 0.002

€ 0.002

Share capital

₽ 8,655

₽ 8,597

Number of shares issued and fully paid | shares

99,000

1,000

Contribution in cash exchanged for issuance of shares

₽ 5,000,000

Number of shares prior to stock split | shares

100,000

Par value prior to stock split | € / shares

€ 1

Number of shares after stock split | shares

50,000,000

Par value after stock split | € / shares

€ 0.002

Share capital

Capital and reserves

Increase in equity from issuance of shares

58

50

Share capital | Ordinary shares

Capital and reserves

Contribution in cash exchanged for issuance of shares

₽ 47

Increase in equity from issuance of shares

8,500

Share premium | Ordinary shares

Capital and reserves

Contribution in cash exchanged for issuance of shares

₽ 1,568,626

₽ 1,568,626

₽ 1,568,626

Increase in equity from issuance of shares

₽ 4,991,500

Reduction of share premium

₽ 3,422,874

Share premium | Ordinary shares | Judicial Ruling

Capital and reserves

Reduction of share premium

₽ 3,422,874

[1]

Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Capital and reserves - Distribu

Capital and reserves - Distributions (Details) $ / shares in Units, ₽ in Thousands	12 Months Ended
	Dec. 31, 2021RUB (₽)	Dec. 31, 2020RUB (₽)	Dec. 31, 2020USD ($)$ / shares	Dec. 31, 2019RUB (₽)	Dec. 31, 2019USD ($)$ / shares	Dec. 31, 2018RUB (₽)	Dec. 31, 2018USD ($)$ / shares
Capital and reserves
Dividend per share | $ / shares			$ 0.55		$ 0.50		$ 0.36
Dividends paid to parent		₽ 2,047,690	$ 27,849,643	₽ 1,800,520	$ 25,000,000	₽ 1,160,345	$ 18,000,000
Distributions to non-controlling interest (Note 17(d))	₽ 109,932	103,126		126,460
Dividends paid to non-controlling interests	₽ 106,978	₽ 102,731		₽ 131,456

Capital and reserves - Treasury

Capital and reserves - Treasury shares (Details) - RUB (₽) ₽ in Thousands	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
American Depositary Shares
Disclosure of classes of share capital [line items]
Number of shares repurchased		283,673
Consideration for repurchase of shares		₽ 1,096,357	₽ 0
Maximum
Disclosure of classes of share capital [line items]
Repurchase Of Aggregate Amount Under Share Buyback Program	₽ 3,000,000

Long-Term Incentive Plans (LT_3

Long-Term Incentive Plans (LTIPs) - 2016 HeadHunter Unit Option Plan (Details) - 2016 Headhunter Unit Option Plan ₽ / shares in Thousands, ₽ in Thousands	12 Months Ended
	Dec. 31, 2021RUB (₽)YOptions₽ / shares	Dec. 31, 2020Options	Dec. 31, 2019Options
Equity Settled Awards [Member]
Management incentive agreement
Percentage of net proceeds from liquidity event	0.005%
Equity Settled Awards [Member] | Market price of the underlying shares
Management incentive agreement
Number of units	874	890	890
Award Series 1
Management incentive agreement
Number of units	785
Exercise price (per unit) | ₽ / shares	₽ 500
Fair value at grant date | ₽	₽ 160,871
Award Series 1 | BSM pricing model
Management incentive agreement
Expected volatility	39.00%
Expected dividend yield	0.00%
Risk-free interest rate	7.70%
Expected life at grant date (years) | Y	5.66
Award Series 2
Management incentive agreement
Number of units	20
Exercise price (per unit) | ₽ / shares	₽ 500
Fair value at grant date | ₽	₽ 25,511
Award Series 2 | BSM pricing model
Management incentive agreement
Expected volatility	39.00%
Expected dividend yield	0.00%
Risk-free interest rate	7.70%
Expected life at grant date (years) | Y	3.24
Award Series 3
Management incentive agreement
Number of units	15
Exercise price (per unit) | ₽ / shares	₽ 900
Fair value at grant date | ₽	₽ 15,415
Award Series 3 | BSM pricing model
Management incentive agreement
Expected volatility	39.00%
Expected dividend yield	0.00%
Risk-free interest rate	7.70%
Expected life at grant date (years) | Y	3.24
Award Series 4
Management incentive agreement
Number of units	12
Exercise price (per unit) | ₽ / shares	₽ 900
Fair value at grant date | ₽	₽ 13,070
Award Series 4 | BSM pricing model
Management incentive agreement
Expected volatility	39.00%
Expected dividend yield	0.00%
Risk-free interest rate	7.30%
Expected life at grant date (years) | Y	2.99
Award Series 5
Management incentive agreement
Number of units	8
Exercise price (per unit) | ₽ / shares	₽ 900
Fair value at grant date | ₽	₽ 8,478
Award Series 5 | BSM pricing model
Management incentive agreement
Expected volatility	39.00%
Expected dividend yield	0.00%
Risk-free interest rate	6.40%
Expected life at grant date (years) | Y	1.66
Award Series 6
Management incentive agreement
Number of units	14
Exercise price (per unit) | ₽ / shares	₽ 500
Fair value at grant date | ₽	₽ 27,671
Award Series 7
Management incentive agreement
Number of units	20
Exercise price (per unit) | ₽ / shares	₽ 1,250
Fair value at grant date | ₽	₽ 22,191

Long-Term Incentive Plans (LT_4

Long-Term Incentive Plans (LTIPs) - 2016 HeadHunter Unit Option Plan Movement (Details) - 2016 Headhunter Unit Option Plan - Options	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Equity Settled Awards [Member] | Market price of the underlying shares
Management incentive agreement
Outstanding at beginning of the period (units)	890	890
Forfeited during the period (units)	(16)
Outstanding at end of the period (units)	874	890
Award Series 1
Management incentive agreement
Outstanding at end of the period (units)	785
Award Series 2
Management incentive agreement
Outstanding at end of the period (units)	20
Award Series 3
Management incentive agreement
Outstanding at end of the period (units)	15
Award Series 4
Management incentive agreement
Outstanding at end of the period (units)	12
Award Series 5
Management incentive agreement
Outstanding at end of the period (units)	8
Award Series 6
Management incentive agreement
Outstanding at end of the period (units)	14
Award Series 7
Management incentive agreement
Outstanding at end of the period (units)	20

Long-Term Incentive Plans (LT_5

Long-Term Incentive Plans (LTIPs) - 2016 HeadHunter Unit Option Plan Amendment (Details) - RUB (₽) ₽ in Thousands	May 08, 2021	May 08, 2020	May 08, 2019	May 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Management incentive agreement
Total sharebased-payment expense, excluding social taxes					₽ 24,654	₽ 23,597	₽ 15,025
Social taxes payable					7,453	4,068
Cash-settled awards
Management incentive agreement
Social taxes					7,374	5,071	3,603
Social taxes payable					2,020	1,561
2016 Headhunter Unit Option Plan
Management incentive agreement
Expense from equity-settled awards					14,489	35,500	88,438
2016 Headhunter Unit Option Plan | Equity Settled Awards [Member]
Management incentive agreement
Social taxes					144,029	115,974	40,548
Social taxes payable					₽ 300,551	₽ 156,522	40,548
Amendment to 2016 HeadHunter Unit Option Plan
Management incentive agreement
Awards settled In cash, vesting percentage				25.00%
Awards settled in equity, vesting percentage				18.75%
Incremental fair value recognized on modification				₽ 10,815
Fair value recognized on additional share awards							₽ 28,000
Amendment to 2016 HeadHunter Unit Option Plan | Initial public offering
Management incentive agreement
Awards settled In cash, vesting percentage			25.00%
Awards settled in equity, vesting percentage	37.50%	37.50%

Long-Term Incentive Plans (LT_6

Long-Term Incentive Plans (LTIPs) - 2018 HeadHunter Unit Option Plan (Details) - 2018 HeadHunter Unit Option Plan ₽ / shares in Units, ₽ in Thousands	May 26, 2020RUB (₽)Options₽ / shares	Mar. 05, 2020RUB (₽)YOptions₽ / shares	May 28, 2019RUB (₽)YOptions₽ / shares	Dec. 31, 2021RUB (₽)Options$ / shares	Dec. 31, 2018shares	Dec. 31, 2020RUB (₽)	Dec. 31, 2019RUB (₽)
Equity Settled Awards [Member]
Management incentive agreement
Number of new shares to be issued | shares					600
Percentage of net proceeds from liquidity event					0.005%
Equity Settled Awards [Member] | Vesting at 3 years of service
Management incentive agreement
Percentage of vesting					20.00%
Vesting period					3 years
Equity Settled Awards [Member] | Annually at 4, 5 and 6 years of service
Management incentive agreement
Percentage of vesting					20.00%
Equity Settled Awards [Member] | Vesting at 7 years of service
Management incentive agreement
Vesting period					7 years
Award Series 1
Management incentive agreement
Number of units			300	300		300	300
Exercise price (per unit) | $ / shares				$ 13.50
Fair value at grant date				$ 265,394
Award Series 1, Tranche 1 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility			43.00%
Expected dividend yield			1.53%
Risk-free interest rate			1.74%
Expected life at grant date (years) | Y			3
Forfeiture rate			3.39%
Fair value (per unit) | ₽ / shares			₽ 763
Fair value at grant date			₽ 44,205
Award Series 1, Tranche 2 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility			43.00%
Expected dividend yield			1.53%
Risk-free interest rate			1.77%
Expected life at grant date (years) | Y			4
Forfeiture rate			3.39%
Fair value (per unit) | ₽ / shares			₽ 859
Fair value at grant date			₽ 49,815
Award Series 1, Tranche 3 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility			43.00%
Expected dividend yield			1.53%
Risk-free interest rate			1.80%
Expected life at grant date (years) | Y			5
Forfeiture rate			3.39%
Fair value (per unit) | ₽ / shares			₽ 932
Fair value at grant date			₽ 54,036
Award Series 1, Tranche 4 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility			43.00%
Expected dividend yield			1.53%
Risk-free interest rate			1.86%
Expected life at grant date (years) | Y			6
Forfeiture rate			3.39%
Fair value (per unit) | ₽ / shares			₽ 996
Fair value at grant date			₽ 57,738
Award Series 1, Tranche 5 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility			43.00%
Expected dividend yield			1.53%
Risk-free interest rate			1.92%
Expected life at grant date (years) | Y			7
Forfeiture rate			3.39%
Fair value (per unit) | ₽ / shares			₽ 1,028
Fair value at grant date			₽ 59,600
Award Series 2
Management incentive agreement
Number of units | Options		41		41
Exercise price (per unit) | $ / shares				$ 21.23
Fair value at grant date				$ 30,787
Award Series 2, Tranche 1 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility		50.00%
Expected dividend yield		1.94%
Risk-free interest rate		0.29%
Expected life at grant date (years) | Y		3
Forfeiture rate		3.39%
Fair value (per unit) | ₽ / shares		₽ 498
Fair value at grant date		₽ 3,946
Award Series 2, Tranche 2 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility		50.00%
Expected dividend yield		1.94%
Risk-free interest rate		0.33%
Expected life at grant date (years) | Y		4
Forfeiture rate		3.39%
Fair value (per unit) | ₽ / shares		₽ 668
Fair value at grant date		₽ 5,292
Award Series 2, Tranche 3 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility		50.00%
Expected dividend yield		1.94%
Risk-free interest rate		0.37%
Expected life at grant date (years) | Y		5
Forfeiture rate		3.39%
Fair value (per unit) | ₽ / shares		₽ 802
Fair value at grant date		₽ 6,355
Award Series 2, Tranche 4 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility		50.00%
Expected dividend yield		1.94%
Risk-free interest rate		0.46%
Expected life at grant date (years) | Y		6
Forfeiture rate		3.39%
Fair value (per unit) | ₽ / shares		₽ 924
Fair value at grant date		₽ 7,319
Award Series 2, Tranche 5 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility		50.00%
Expected dividend yield		1.94%
Risk-free interest rate		0.55%
Expected life at grant date (years) | Y		7
Forfeiture rate		3.39%
Fair value (per unit) | ₽ / shares		₽ 994
Fair value at grant date		₽ 7,875
Award Series 3
Management incentive agreement
Number of units | Options	33			33
Exercise price (per unit) | $ / shares				$ 18.92
Fair value at grant date				$ 40,448
Award Series 3, Tranche 1 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility	50.00%
Expected dividend yield	1.85%
Risk-free interest rate	0.22%
Expected life at grant date (years)	3
Forfeiture rate	3.39%
Fair value (per unit) | ₽ / shares	₽ 1,008
Fair value at grant date	₽ 6,428
Award Series 3, Tranche 2 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility	50.00%
Expected dividend yield	1.85%
Risk-free interest rate	0.27%
Expected life at grant date (years)	4
Forfeiture rate	3.39%
Fair value (per unit) | ₽ / shares	₽ 1,172
Fair value at grant date	₽ 7,476
Award Series 3, Tranche 3 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility	50.00%
Expected dividend yield	1.85%
Risk-free interest rate	0.32%
Expected life at grant date (years)	5
Forfeiture rate	3.39%
Fair value (per unit) | ₽ / shares	₽ 1,298
Fair value at grant date	₽ 8,278
Award Series 3, Tranche 4 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility	50.00%
Expected dividend yield	1.85%
Risk-free interest rate	0.42%
Expected life at grant date (years)	6
Forfeiture rate	3.39%
Fair value (per unit) | ₽ / shares	₽ 1,404
Fair value at grant date	₽ 8,954
Award Series 3, Tranche 5 | Monte-Carlo pricing model
Management incentive agreement
Expected volatility	50.00%
Expected dividend yield	1.85%
Risk-free interest rate	0.51%
Expected life at grant date (years)	7
Forfeiture rate	3.39%
Fair value (per unit) | ₽ / shares	₽ 1,460
Fair value at grant date	₽ 9,312

Long-Term Incentive Plans (LT_7

Long-Term Incentive Plans (LTIPs) - 2018 HeadHunter Unit Option Plan Movement (Details) ₽ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2021RUB (₽)	Dec. 31, 2021RUB (₽)Options	Dec. 31, 2020RUB (₽)	Dec. 31, 2019RUB (₽)
Management incentive agreement
Social taxes payable		₽ 7,453	₽ 4,068
2018 Unit Option Plan
Management incentive agreement
Incremental fair value	₽ 104,497
2018 HeadHunter Unit Option Plan
Management incentive agreement
Expense from equity-settled awards		49,503	65,953	₽ 33,196
Social taxes		37,233	8,262	₽ 1,746
Social taxes payable		₽ 47,240	₽ 10,007
2018 HeadHunter Unit Option Plan | Award Series 1
Management incentive agreement
Outstanding at beginning of the period (units)		300	300
Forfeited during the period (units)		(26)
Outstanding at end of the period (units)		300	300	300
2018 HeadHunter Unit Option Plan | Award Series 2 and 3
Management incentive agreement
Outstanding at beginning of the period (units)		71
Granted during the period (units)			74
Modified during the period		(68)
Forfeited during the period (units)		(3)	(3)
Outstanding at end of the period (units)			71
2018 HeadHunter Unit Option Plan | Award Series 3
Management incentive agreement
Outstanding at end of the period (units) | Options		33

Long-Term Incentive Plans (LT_8

Long-Term Incentive Plans (LTIPs) - 2021 HeadHunter RSU Plan (Details) ₽ / shares in Units, ₽ in Thousands	Dec. 20, 2021RUB (₽)Options₽ / shares	Nov. 25, 2021RUB (₽)Options₽ / shares	Jul. 27, 2021RUB (₽)Options₽ / shares	Dec. 31, 2021
2021 RSU Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Percentage of Shares to be Issued on Fully Diluted Aggregate Number Of Ordinary Shares Issued				6.00%
IFRS Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				2 years
Granted during the period (units)	161,915	77,228	251,921
2021 RSU Plan | Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
IFRS Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				4 years
Series 1 | 2021 RSU Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of RSUs			251,921
Fair value at grant date | ₽			₽ 885,968
Series 1 | 2021 RSU Plan | Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Weighted average exercise price of other equity instruments granted in share-based payment arrangement | ₽ / shares			₽ 3,617
Series 2 | 2021 RSU Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of RSUs		77,228
Fair value at grant date | ₽		₽ 285,028
Series 2 | 2021 RSU Plan | Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Weighted average exercise price of other equity instruments granted in share-based payment arrangement | ₽ / shares		₽ 3,795
Series 3 | 2021 RSU Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of RSUs	161,915
Fair value at grant date | ₽	₽ 598,210
Series 3 | 2021 RSU Plan | Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Weighted average exercise price of other equity instruments granted in share-based payment arrangement | ₽ / shares	₽ 3,774
New participants | 2021 RSU Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Granted during the period (units)			121,135
Number of RSUs			121,135
Fair value at grant date | ₽			₽ 426,013
Participants of 2018 Unit Option Plan (modification of awards)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Granted during the period (units)			130,786
Participants of 2018 Unit Option Plan (modification of awards) | 2021 RSU Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of RSUs			130,786
Fair value at grant date | ₽			₽ 459,954

Long-Term Incentive Plans (LT_9

Long-Term Incentive Plans (LTIPs) - 2021 HeadHunter RSU Plan Movement-BSM pricing model (Details) - 2021 RSU Plan ₽ / shares in Units, ₽ in Thousands	Dec. 20, 2021RUB (₽)₽ / shares	Nov. 25, 2021RUB (₽)Y₽ / shares	Jul. 27, 2021RUB (₽)Y₽ / shares	Dec. 31, 2021RUB (₽)	Dec. 31, 2020RUB (₽)	Dec. 31, 2019RUB (₽)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Incremental fair value | ₽				₽ 104,497
Initial fair value | ₽				355,457
Employee expenses | ₽				₽ 177,972	₽ 0	₽ 0
Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Forfeiture rate				37.5
Minimum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Forfeiture rate				7
Series 1
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected volatility			40
Expected dividend yield			2.31
Total fair value | ₽			₽ 885,968
Series 1 | Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Risk-free interest rate			0.59
Expected life at grant date (years) | Y			3.88
Fair value (per RSU) | ₽ / shares			₽ 3,617
Series 1 | Minimum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Risk-free interest rate			0.08
Expected life at grant date (years) | Y			0.87
Fair value (per RSU) | ₽ / shares			₽ 3,374
Series 2
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected volatility		43
Expected dividend yield		2.31
Total fair value | ₽		₽ 285,028
Series 2 | Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Risk-free interest rate		1.03
Expected life at grant date (years) | Y		3.53
Fair value (per RSU) | ₽ / shares		₽ 3,795
Series 2 | Minimum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Risk-free interest rate		0.16
Expected life at grant date (years) | Y		0.53
Fair value (per RSU) | ₽ / shares		₽ 3,541
Series 3
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected volatility	43
Expected dividend yield	2.31
Total fair value | ₽	₽ 598,210
Series 3 | Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Risk-free interest rate	1.06
Expected life at grant date (years) | Y		3.51
Fair value (per RSU) | ₽ / shares	₽ 3,774
Series 3 | Minimum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Risk-free interest rate	0.06
Expected life at grant date (years) | Y		0.26
Fair value (per RSU) | ₽ / shares	₽ 3,501

Long-Term Incentive Plans (L_10

Long-Term Incentive Plans (LTIPs) - RSU Plan Movement (Details) ₽ in Thousands	Dec. 20, 2021Options	Nov. 25, 2021Options	Jul. 27, 2021Options	Dec. 31, 2021RUB (₽)Options	Dec. 31, 2020RUB (₽)	Dec. 31, 2019RUB (₽)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Payables on social security and taxes other than income tax | ₽				₽ 7,453	₽ 4,068
2021 RSU Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Granted during the period (units)	161,915	77,228	251,921
Social Tax Expense | ₽				38,722	0	₽ 0
Payables on social security and taxes other than income tax | ₽				₽ 38,722	₽ 0
Series 1-3 | 2021 RSU Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Granted during the period (units)				491,064
Forfeited during the period (RSUs)				22,443
Outstanding at end of the period (units)				468,621

Long-Term Incentive Plans (L_11

Long-Term Incentive Plans (LTIPs) - Cash-settled awards (Details) - RUB (₽) ₽ in Thousands	May 08, 2020	May 08, 2019	Jul. 31, 2021	Mar. 31, 2021	Sep. 30, 2020	Jul. 31, 2020	Aug. 31, 2017	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Management incentive agreement
Social taxes payable								₽ 7,453	₽ 4,068
Cash-settled awards
Management incentive agreement
Expense from cash-settled awards								46,920	31,887	₽ 29,462
Cash-settled awards liability								13,379	10,337
Social taxes								7,374	5,071	₽ 3,603
Social taxes payable								2,020	₽ 1,561
Cash-settled awards, Award 2 | Vesting: 12 months from the date of the event
Management incentive agreement
Percentage of vesting						50.00%
August 2017 cash-settled management incentive program | Cash-settled awards, Award 1
Management incentive agreement
Vested and settled value		₽ 19,568
August 2017 cash-settled management incentive program | Cash-settled awards, Award 1 | Vesting: at the event
Management incentive agreement
Percentage of vesting							50.00%
August 2017 cash-settled management incentive program | Cash-settled awards, Award 2
Management incentive agreement
Vested and settled value	₽ 31,381
August 2017 cash-settled management incentive program | Cash-settled awards, Award 2 | Vesting: 12 months from the date of the event
Management incentive agreement
Percentage of vesting							50.00%
July 2020 cash-settled management incentive program | Cash-settled awards, Award 1
Management incentive agreement
Vested and settled value					₽ 14,029
July 2020 cash-settled management incentive program | Cash-settled awards, Award 1 | Vesting: at the event
Management incentive agreement
Percentage of vesting						50.00%
July 2020 cash-settled management incentive program | Cash-settled awards, Award 2
Management incentive agreement
Vested and settled value			₽ 28,080
March 2021 cash-settled management incentive program | Cash-settled awards, Award 1
Management incentive agreement
Vested and settled value			₽ 15,577
March 2021 cash-settled management incentive program | Cash-settled awards, Award 1 | Vesting: at the event
Management incentive agreement
Percentage of vesting				50.00%
March 2021 cash-settled management incentive program | Cash-settled awards, Award 2
Management incentive agreement
Total fair value								₽ 23,543
March 2021 cash-settled management incentive program | Cash-settled awards, Award 2 | Vesting: 12 months from the date of the event
Management incentive agreement
Percentage of vesting				50.00%

Loans and borrowings - Summary

Loans and borrowings - Summary of loans and borrowings (Details) - RUB (₽) ₽ in Thousands	Oct. 05, 2017	Dec. 31, 2020		Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019	Dec. 25, 2020	Oct. 04, 2017	Dec. 31, 2016	May 31, 2016
Long-term loans and borrowings:
Long-term loans and borrowings		₽ 7,791,326	[1]	₽ 7,338,876	₽ 7,791,326	[1]
Current loans and borrowings:
Current borrowings		₽ 485,100	[1]	698,778	485,100	[1]
Additional disclosures for loans and borrowings
Borrowings obtained				7,765	4,616,478		₽ 0
Issue of interest-bearing non-convertible bonds				0	4,000,000		0
Repayment of borrowings				400,672	₽ 5,397,895		₽ 1,325,000
Fair value of bonds				3,812,723
HeadHunter | Mail.Ru Group Limited
Additional disclosures for loans and borrowings
Percentage of voting interest acquired										100.00%	100.00%
Zarplata
Additional disclosures for loans and borrowings
Percentage of voting interest acquired		100.00%			100.00%			100.00%
Bank loan
Long-term loans and borrowings:
Long-term loans and borrowings		₽ 3,831,270		3,362,762	₽ 3,831,270
Current loans and borrowings:
Current portion		471,027		585,316	471,027
Interest				₽ 99,981
PJSC VTB Bank credit facility
Additional disclosures for loans and borrowings
Borrowings											₽ 5,000,000
Proceeds from loan used to fund dividend payment to shareholders	₽ 2,000,000
Gain on loan modification					5,617
Interest rate basis				Central Bank of Russia Key Rate
Interest rate spread				2.00%
PJSC VTB Bank credit facility | Bank loan facility
Additional disclosures for loans and borrowings
Maximum borrowing capacity	₽ 7,000,000								₽ 5,000,000
Non-convertible bonds
Long-term loans and borrowings:
Long-term loans and borrowings		3,960,056		₽ 3,973,079	3,960,056
Principal		4,000,000			4,000,000
Current loans and borrowings:
Interest		₽ 12,584		12,723	₽ 12,584
Additional disclosures for loans and borrowings
Interest rate		6.45%			6.45%
Nominal value		₽ 4,000,000			₽ 4,000,000
Transaction costs		₽ 40,000
Stated interest rate		6.45%			6.45%
Coupon payment period		91 days
Other loans and borrowings
Long-term loans and borrowings:
Principal				2,972
Interest				63
Current loans and borrowings:
Current borrowings		₽ 1,478		743	₽ 1,478
Interest		₽ 11		15	₽ 11
Additional disclosures for loans and borrowings
Nominal value				₽ 2,972
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Loans and borrowings - Reconcil

Loans and borrowings - Reconciliation of movements of liabilities to cash flows arising from financing activities (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loans and borrowings
Beginning Balance	₽ 8,518,423	₽ 5,419,673	₽ 6,786,987
Changes from financing cash flows
Acquisition of treasury shares	(1,096,357)
Bank and other loans received	7,765	4,616,478
Non-convertible bonds issued		4,000,000
Bank loan repaid	(400,672)	(5,397,895)	(1,055,000)
Other loan repaid			(270,000)
Acquisition of noncontrolling interest			(2,107)
Bank loans and other borrowings origination fees paid	(43,615)	(56,668)
Dividends paid	(2,180,871)	(1,988,172)	(1,264,957)
Repayment of lease liabilities	(90,166)	(59,737)	(61,376)
Cash paid for noncontrolling interest	(155,177)
Contribution from non-controlling interest received		44
Total changes from financing cash flows	(3,959,093)	1,114,050	(2,653,440)
Changes in liabilities arising from other changes not relating to financing cash flows [abstract]
Interest accrued	633,903	390,647	598,859
Interest paid	(505,976)	(366,179)	(582,420)
New leases, including modifications	45,260	10,754	9,147
Distributions to shareholders and non-controlling interest	2,157,622	1,903,646	1,286,805
Changes in payables related to transaction costs on bonds issue	39,012	(39,012)
Acquisition of loan with the subsidiary acquired	30,765
Acquisition of non-controlling interest	155,177
Contribution from non-controlling interest		(44)
Foreign exchange gain/loss	26,210	84,921	(26,844)
Foreign currency translation differences	(2,961)	(33)	579
Total other changes	2,579,012	1,984,700	1,286,126
Ending Balance	7,138,342	8,518,423	5,419,673
Bank and other loans and borrowings
Loans and borrowings
Beginning Balance	8,276,426	5,129,055	6,437,616
Changes from financing cash flows
Bank and other loans received	7,765	4,616,478
Non-convertible bonds issued		4,000,000
Bank loan repaid	(400,672)	(5,397,895)	(1,055,000)
Other loan repaid			(270,000)
Bank loans and other borrowings origination fees paid	(43,615)	(56,668)
Total changes from financing cash flows	(436,522)	3,161,915	(1,325,000)
Changes in liabilities arising from other changes not relating to financing cash flows [abstract]
Interest accrued	613,439	364,313	565,918
Interest paid	(485,512)	(339,845)	(549,479)
Changes in payables related to transaction costs on bonds issue	39,012	(39,012)
Acquisition of loan with the subsidiary acquired	30,765
Foreign exchange gain/loss	7
Foreign currency translation differences	39
Total other changes	197,750	(14,544)	16,439
Ending Balance	8,037,654	8,276,426	5,129,055
Lease liabilities [member]
Loans and borrowings
Beginning Balance	241,997	290,618	343,455
Changes from financing cash flows
Repayment of lease liabilities	(90,166)	(59,737)	(61,376)
Total changes from financing cash flows	(90,166)	(59,737)	(61,376)
Changes in liabilities arising from other changes not relating to financing cash flows [abstract]
Interest accrued	20,464	26,334	32,941
Interest paid	(20,464)	(26,334)	(32,941)
New leases, including modifications	45,260	10,754	9,147
Foreign currency translation differences	(46)	362	(608)
Total other changes	45,214	11,116	8,539
Ending Balance	197,045	241,997	290,618
Dividends payables to shareholders
Changes from financing cash flows
Dividends paid	(2,073,893)	(1,885,441)	(1,133,501)
Total changes from financing cash flows	(2,073,893)	(1,885,441)	(1,133,501)
Changes in liabilities arising from other changes not relating to financing cash flows [abstract]
Distributions to shareholders and non-controlling interest	2,047,690	1,800,520	1,160,345
Foreign exchange gain/loss	26,203	84,921	(26,844)
Total other changes	2,073,893	1,885,441	1,133,501
Ending Balance	0
Dividends payables to non-controlling interests
Loans and borrowings
Beginning Balance			5,916
Changes from financing cash flows
Acquisition of noncontrolling interest			(2,107)
Dividends paid			(131,456)
Total changes from financing cash flows			(133,563)
Changes in liabilities arising from other changes not relating to financing cash flows [abstract]
Distributions to shareholders and non-controlling interest			126,460
Foreign currency translation differences			1,187
Total other changes			127,647
Payables to/Receivables from non-controlling interests
Changes from financing cash flows
Dividends paid	(106,978)	(102,731)
Cash paid for noncontrolling interest	(155,177)
Contribution from non-controlling interest received		44
Total changes from financing cash flows	(262,155)	(102,687)
Changes in liabilities arising from other changes not relating to financing cash flows [abstract]
Distributions to shareholders and non-controlling interest	109,932	103,126
Acquisition of non-controlling interest	155,177
Contribution from non-controlling interest		(44)
Foreign currency translation differences	(2,954)	(395)
Total other changes	262,155	102,687
Ending Balance	0
Treasury shares
Changes from financing cash flows
Acquisition of treasury shares	(1,096,357)
Total changes from financing cash flows	(1,096,357)
Changes in liabilities arising from other changes not relating to financing cash flows [abstract]
Ending Balance	₽ (1,096,357)
Previously Reported
Loans and borrowings
Beginning Balance		5,419,673
Changes in liabilities arising from other changes not relating to financing cash flows [abstract]
Ending Balance			5,419,673
Previously Reported | Bank and other loans and borrowings
Loans and borrowings
Beginning Balance		5,129,055
Changes in liabilities arising from other changes not relating to financing cash flows [abstract]
Ending Balance			5,129,055
Previously Reported | Lease liabilities [member]
Loans and borrowings
Beginning Balance		₽ 290,618
Changes in liabilities arising from other changes not relating to financing cash flows [abstract]
Ending Balance			₽ 290,618

Trade and other payables (Detai

Trade and other payables (Details) - RUB (₽) ₽ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Non-current trade and other payables
Deferred consideration	₽ 110,236	₽ 170,620
Payables to employees		7,987
Total	110,236	178,607	[1]
Current trade and other payables
Taxes payable	963,055	497,204
Trade payables	373,996	243,426
Payables to employees	359,418	265,176
Deferred consideration	67,267	234,086
Other payables	52,377	33,197
Total	₽ 1,816,113	₽ 1,273,089	[1]
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Leases - Right-of-use assets (D

Leases - Right-of-use assets (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
Leases under IFRS 16
Balance, beginning of year	₽ 215,120	[1]	₽ 279,249
Additions to right-of-use assets	31,642
Modification of right-of use assets	13,618		10,754
Depreciation charge for the period	(81,349)		(75,182)		₽ (74,365)
Translation difference	(31)		299
Balance, end of year	₽ 179,000		₽ 215,120	[1]	₽ 279,249
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Leases - Changes in lease liabi

Leases - Changes in lease liabilities (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Leases under IFRS 16
Balance, beginning of year	₽ 241,997	₽ 290,618
New leases	31,642
Modification of leases	13,618	10,754
Interest on lease liabilities	20,466	26,334		₽ 32,941
Payment of interest on lease liabilities	(20,466)	(26,334)
Payment of lease liabilities	(90,166)	(59,737)		(61,376)
Translation difference	(46)	362
Balance, end of year	197,045	241,997		₽ 290,618
Current portion	100,864	77,752	[1]
Non-current portion	₽ 96,181	₽ 164,245	[1]
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Leases - Amounts recognized (De

Leases - Amounts recognized (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases under IFRS 16
Interest on lease liabilities	₽ 20,466	₽ 26,334	₽ 32,941
Depreciation charge on right-of-use assets	81,349	75,182	74,365
Expenses relating to short-term leases	48,410	16,995	16,394
Total	150,225	118,511	123,700
Total cash outflow for leases	₽ 159,042	₽ 103,065	₽ 110,710

Other liabilities (Details)

Other liabilities (Details) - RUB (₽) ₽ in Thousands	May 09, 2018	Jul. 31, 2018	Jun. 30, 2018	Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Non-current other liabilities
Advance from depositary				₽ 135,741	₽ 142,531
Total				135,741	142,531	[1]
Current other liabilities
Advance from depositary - current portion				54,770	38,759
Put liability to non-controlling participants in subsidiary				85,146
Total				139,916	38,759	[1]
Income from depositary				58,226	41,617		₽ 22,095
Change in other liabilities				26,729	17,300		147,685
Deposit liabilities
Current other liabilities
Change in other liabilities				₽ (5,738)	₽ 17,300		₽ 147,685
Deposit Agreement: May 8, 2019 to May 8, 2024
Current other liabilities
Deposit agreement term	5 years
Proceeds from depository advances received	₽ 169,780
Deposit Agreement: July 20, 2020 to July 20, 2025
Current other liabilities
Deposit agreement term		5 years
Proceeds from depository advances received		₽ 58,918
Deposit Agreement June 7, 2021 to June 7, 2026
Current other liabilities
Deposit agreement term			5 years
Proceeds from depository advances received			₽ 52,489
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Provisions (Details)

Provisions (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of changes in other provisions [abstract]
Balance at the beginning	₽ 666,473	₽ 45,896
Provisions made during the year	390,941	139,043
Provisions reversed during the year	(175,037)
Assumed in business combinations (Note 8(b))		488,646
Provisions used during the year	(6,915)	(7,112)
Balance at the end	875,462	666,473
Non-current	117,345	87,822
Current	758,117	578,651
Provision For Uncertain Tax Positions Related to LTIPs and Equity Awards to Board of directors
Reconciliation of changes in other provisions [abstract]
Balance at the beginning	172,158	45,896
Provisions made during the year	230,743	133,374
Provisions used during the year	(6,915)	(7,112)
Balance at the end	395,986	172,158
Non-current	117,345	87,822
Current	278,641	84,336
Provision for taxes other than income tax
Reconciliation of changes in other provisions [abstract]
Balance at the beginning	494,315
Provisions made during the year	132,154	5,669
Provisions reversed during the year	(175,037)
Assumed in business combinations (Note 8(b))		488,646
Balance at the end	451,432	494,315
Current	451,432	₽ 494,315
Other
Reconciliation of changes in other provisions [abstract]
Provisions made during the year	28,044
Balance at the end	28,044
Current	₽ 28,044

Financial instruments and ris_3

Financial instruments and risk management - Credit risk (Details) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021RUB (₽)customer	Dec. 31, 2020RUB (₽)
Financial instruments and risk management
Number of major customers | customer	0
Credit risk
Financial instruments and risk management
Maximum exposure to credit risk	₽ 6,964,353	₽ 3,448,357
Number of major customers | customer	0
Credit risk | Trade receivables
Financial instruments and risk management
Maximum exposure to credit risk	₽ 141,125	61,028
Credit risk | Cash and cash equivalents..
Financial instruments and risk management
Maximum exposure to credit risk	6,523,228	3,367,610
Credit risk | Loans issued
Financial instruments and risk management
Maximum exposure to credit risk		₽ 19,719
Credit risk | Short-term investments
Financial instruments and risk management
Maximum exposure to credit risk	₽ 300,000

Financial instruments and ris_4

Financial instruments and risk management - Currency risk (Details) - Currency risk - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Sensitivity analysis
Percentage of increase of USD relative to RUB	50.00%
Net effect on profit or loss	₽ 15,389
10% increase in USD relative to RUB
Sensitivity analysis
Percentage of increase of USD relative to RUB	10.00%	10.00%
Gain (loss) on change in value of foreign currency basis spreads, before tax	₽ 3,078	₽ 14,713
USD-denominated
Financial instruments and risk management
Net exposure	30,777	147,126
EUR-denominated
Financial instruments and risk management
Net exposure	7,015	6,339
RUB-denominated
Financial instruments and risk management
Net exposure	4,732	14,391
Cash and cash equivalents.. | USD-denominated
Financial instruments and risk management
Net exposure	185,071	173,016
Cash and cash equivalents.. | EUR-denominated
Financial instruments and risk management
Net exposure	12,647	930
Cash and cash equivalents.. | RUB-denominated
Financial instruments and risk management
Net exposure	5,694	14,391
Trade and other payables.. | USD-denominated
Financial instruments and risk management
Net exposure	220,511	32,371
Trade and other payables.. | EUR-denominated
Financial instruments and risk management
Net exposure	6,255	8,063
Trade and other payables.. | RUB-denominated
Financial instruments and risk management
Net exposure	962
Trade and other receivables. | USD-denominated
Financial instruments and risk management
Net exposure	4,663	6,481
Trade and other receivables. | EUR-denominated
Financial instruments and risk management
Net exposure	₽ 623	₽ 794

Financial instruments and ris_5

Financial instruments and risk management - Interest rate risk (Details) - Interest rate risk ₽ in Thousands	12 Months Ended
	Dec. 31, 2021RUB (₽)
Financial instruments and risk management
Stated interest rate	20.00%
Interest expense	₽ 460,893
2% increase in borrowings interest rate
Financial instruments and risk management
Interest rate basis	Central Bank of Russia Key Rate
Interest rate spread	2.00%

Financial instruments and ris_6

Financial instruments and risk management - Liquidity risk (Details) - RUB (₽) ₽ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial instruments and risk management
Current contract liabilities	₽ 4,560,634	₽ 2,785,402	[1]
Liquidity risk
Financial instruments and risk management
Net current assets (liabilities)	(1,101,789)
Current contract liabilities	4,560,634
Remaining contractual maturities of financial liabilities
Contractual cash flows	10,952,687	11,325,367
Carrying value	9,197,993	9,472,914
Liquidity risk | Bank loan
Remaining contractual maturities of financial liabilities
Contractual cash flows	5,240,966	5,315,182
Carrying value	4,048,059	4,302,297
Liquidity risk | Non-convertible bonds
Remaining contractual maturities of financial liabilities
Contractual cash flows	4,514,560	4,771,840
Carrying value	3,985,802	3,972,640
Liquidity risk | Other loan
Remaining contractual maturities of financial liabilities
Contractual cash flows	3,871	1,540
Carrying value	3,793	1,488
Liquidity risk | Lease liabilities
Remaining contractual maturities of financial liabilities
Contractual cash flows	222,389	274,447
Carrying value	197,045	241,997
Liquidity risk | Trade and other payables
Remaining contractual maturities of financial liabilities
Contractual cash flows	970,901	962,358
Carrying value	963,294	954,492
Liquidity risk | Less than 1 year
Remaining contractual maturities of financial liabilities
Contractual cash flows	2,319,297	1,881,703
Liquidity risk | Less than 1 year | Bank loan
Remaining contractual maturities of financial liabilities
Contractual cash flows	1,091,707	752,223
Liquidity risk | Less than 1 year | Non-convertible bonds
Remaining contractual maturities of financial liabilities
Contractual cash flows	257,280	257,280
Liquidity risk | Less than 1 year | Other loan
Remaining contractual maturities of financial liabilities
Contractual cash flows	784	1,540
Liquidity risk | Less than 1 year | Lease liabilities
Remaining contractual maturities of financial liabilities
Contractual cash flows	116,469	94,775
Liquidity risk | Less than 1 year | Trade and other payables
Remaining contractual maturities of financial liabilities
Contractual cash flows	853,057	775,885
Liquidity risk | 1-2 yrs
Remaining contractual maturities of financial liabilities
Contractual cash flows	5,247,984	1,135,318
Liquidity risk | 1-2 yrs | Bank loan
Remaining contractual maturities of financial liabilities
Contractual cash flows	823,594	717,226
Liquidity risk | 1-2 yrs | Non-convertible bonds
Remaining contractual maturities of financial liabilities
Contractual cash flows	4,257,280	257,280
Liquidity risk | 1-2 yrs | Other loan
Remaining contractual maturities of financial liabilities
Contractual cash flows	3,087
Liquidity risk | 1-2 yrs | Lease liabilities
Remaining contractual maturities of financial liabilities
Contractual cash flows	96,756	93,050
Liquidity risk | 1-2 yrs | Trade and other payables
Remaining contractual maturities of financial liabilities
Contractual cash flows	67,267	67,762
Liquidity risk | 2-5 yrs
Remaining contractual maturities of financial liabilities
Contractual cash flows	3,385,406	8,308,346
Liquidity risk | 2-5 yrs | Bank loan
Remaining contractual maturities of financial liabilities
Contractual cash flows	3,325,665	3,845,733
Liquidity risk | 2-5 yrs | Non-convertible bonds
Remaining contractual maturities of financial liabilities
Contractual cash flows		4,257,280
Liquidity risk | 2-5 yrs | Lease liabilities
Remaining contractual maturities of financial liabilities
Contractual cash flows	9,164	86,622
Liquidity risk | 2-5 yrs | Trade and other payables
Remaining contractual maturities of financial liabilities
Contractual cash flows	₽ 50,577	₽ 118,711
[1]	Certain amounts shown here do not correspond to the consolidated financial statements for the year ended December 31, 2020 and reflect adjustments made, refer to Note 8 (b).

Consolidated subsidiaries (Deta

Consolidated subsidiaries (Details)	Jul. 09, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Headhunter LLC
Disclosure of subsidiaries [line items]
Country of incorporation		Russia
Proportion of ownership interest in subsidiary		100.00%	100.00%	100.00%
Zarplata.ru LLC
Disclosure of subsidiaries [line items]
Country of incorporation		Russia
Proportion of ownership interest in subsidiary		100.00%	100.00%
Skillaz LLC
Disclosure of subsidiaries [line items]
Country of incorporation		Russia
Proportion of ownership interest in subsidiary		74.99%
Zemenik LLC
Disclosure of subsidiaries [line items]
Country of incorporation		Russia
Proportion of ownership interest in subsidiary		100.00%	100.00%	100.00%
Headhunter FSU Limited
Disclosure of subsidiaries [line items]
Country of incorporation		Cyprus
Proportion of ownership interest in subsidiary		100.00%	100.00%	100.00%
Headhunter KZ LLC
Disclosure of subsidiaries [line items]
Country of incorporation		Kazakhstan
Proportion of ownership interest in subsidiary		66.00%	66.00%	66.00%
100 Rabot TUT LLC
Disclosure of subsidiaries [line items]
Country of incorporation		Belarus
Proportion of ownership interest in subsidiary		50.00%	50.00%	50.00%
Vsya rabota LLC
Disclosure of subsidiaries [line items]
Country of incorporation		Belarus
Proportion of ownership interest in subsidiary	50.00%	50.00%	50.00%

Contingencies (Details)

Contingencies (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2021	Dec. 31, 2020
Tax contingent liability
Contingencies
Estimated tax contingencies	₽ 629	₽ 780

Related parties - Transactions

Related parties - Transactions with Key management (Details) - Key Management - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Key management remuneration
Salary and bonus	₽ 111,702	₽ 102,164	₽ 116,784
LTIPs, including related social taxes	275,640	224,527	167,004
Pension contributions	12,603	11,469	12,825
Other social contributions	6,147	5,599	6,404
Total remuneration	₽ 406,092	₽ 343,759	₽ 303,017

Related parties - Transaction_2

Related parties - Transactions with Board of Directors (Details) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021RUB (₽)	Dec. 31, 2020RUB (₽)	Dec. 31, 2019RUB (₽)	May 08, 2019director
Related parties
Number of Directors on the Board | director				9
Number of number of independent Directors on the Board | director				3
Social tax liability related to equity awards	₽ 7,453	₽ 4,068
Directors
Directors remuneration
Cash compensation	30,460	30,099	₽ 17,281
Equity awards, including social taxes	24,654	23,597	15,025
Pension contributions	4,628	6,238	2,930
Other social contributions	717	400	195
Total remuneration	₽ 60,459	₽ 60,334	₽ 35,431

Related parties - Transaction_3

Related parties - Transactions with other related parties (Details) - RUB (₽) ₽ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loans granted to related parties
Related parties
Amounts owed by related parties		₽ 19,719
Interest income	₽ 782	947
Loans granted to related parties | Equity-accounted investee
Related parties
Amounts owed by related parties		19,719
Interest income	782	947
Loans received from related parties
Related parties
Amounts owed to related parties	3,793	1,478
Interest expense	572	11
Loans received from related parties | Non-controlling shareholders
Related parties
Amounts owed to related parties	3,793	1,478
Interest expense	572	11
Services provided to and received from related parties
Related parties
Amounts owed to related parties	1,729	688	₽ 270
Services provided to related parties	9,033	6,902	7,448
Services received from related parties	609	746	9,309
Amount owed by related parties including for loans issued		1,140
Services provided to and received from related parties | Shareholders of the Group
Related parties
Services received from related parties			9,309
Services provided to and received from related parties | Subsidiaries of shareholders exercising significant influence over the Group
Related parties
Amounts owed to related parties	1,729	688	270
Services provided to related parties	6,508	4,621	₽ 7,448
Services received from related parties		720
Services provided to and received from related parties | Equity-accounted investee
Related parties
Services provided to related parties	2,525	2,281
Services received from related parties	₽ 609	26
Amount owed by related parties including for loans issued		₽ 1,140

Subsequent event (Details)

Subsequent event (Details) $ / shares in Units, ₽ in Thousands	Apr. 11, 2022	Apr. 10, 2022	Jan. 13, 2022RUB (₽)	Jan. 13, 2022USD ($)$ / shares	Dec. 31, 2021RUB (₽)
Interim dividend
Disclosure of non-adjusting events after reporting period [line items]
Interim dividend per share | $ / shares				$ 0.84
Interim dividend			₽ 3,149,557	$ 42,260,211
Geopolitical Developments Group
Disclosure of non-adjusting events after reporting period [line items]
Central Bank interest rate	17.00%	20.00%
Geopolitical Developments Group | Rouble denominated bond payable at the end of 2023
Disclosure of non-adjusting events after reporting period [line items]
Borrowings | ₽					₽ 4,000,000