Qiwi (QIWI) 20-F22 Apr 242023 FY Annual report (foreign)Financial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	12 Months Ended
Document and Entity Information - shares	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Document Information
Entity Registrant Name	QIWI PLC
Entity Central Index Key	0001561566
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Amendment Flag	false
Document Type	20-F
Document Period End Date	Dec. 31, 2023
Entity File Number	001-35893
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Interactive Data Current	Yes
Document Registration Statement	false
Entity Incorporation, State or Country Code	G4
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
ICFR Auditor Attestation Flag	true
Document Accounting Standard	International Financial Reporting Standards
Entity Address, Address Line One	Kennedy 12, Kennedy Business Centre
Entity Address, Address Line Two	2nd floor
Entity Address, Postal Zip Code	P.C. 1087
Entity Address, Country	CY
Entity Address, City or Town	Nicosia
Auditor Name	JSC “Kept”	JSC “Kept”	TSATR - Audit Services LLC
Auditor Firm ID	3055	3055	1721
Auditor Location	Moscow, Russia	Moscow, Russia	Moscow, Russia
Document Financial Statement Error Correction [Flag]	false
Business Contact
Document Information
Entity Address, Address Line One	Kennedy 12, Kennedy Business Centre
Entity Address, Address Line Two	2nd floor
Entity Address, Postal Zip Code	P.C. 1087
Entity Address, Country	CY
Entity Address, City or Town	Nicosia
City Area Code	+ 357
Local Phone Number	2265-3390
Contact Personnel Name	ir@qiwi.global
Class A ordinary shares
Document Information
Entity Common Stock, Shares Outstanding	10,413,522
Class B ordinary shares
Document Information
Entity Common Stock, Shares Outstanding	52,299,453
Title of 12(b) Security	Class B ordinary shares, having a nominal value of EUR 0.0005 per share
American Depositary Shares
Document Information
Security Exchange Name	NASDAQ
Title of 12(b) Security	American Depositary Shares, each representing one Class B ordinary share, having a nominal value EUR 0.0005 per share
Trading Symbol	QIWI

Consolidated statement of finan

Consolidated statement of financial position - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022
Non-current assets
Property and equipment	₽ 66	₽ 1,163
Goodwill and other intangible assets	91	13,126
Investments in associates	479	303
Long-term debt securities and deposits		2,946
Long-term loans issued	4,205	843
Other non-current assets		257
Deferred tax assets	29	208
Total non-current assets	4,870	18,846
Current assets
Trade and other receivables	2,080	15,194
Short-term loans issued	209	14,200
Short-term debt securities and deposits	4,993	14,029
Other current assets	390	2,195
Cash and cash equivalents	7,300	47,462
Assets held for sale	102,395
Total current assets	117,367	93,080
Total assets	122,237	111,926
Equity attributable to equity holders of the parent
Share capital	1	1
Additional paid-in capital	1,876	1,876
Share premium	12,068	12,068
Other reserves	2,146	2,696
Retained earnings	42,709	39,941
Translation reserve	163	401
Total equity attributable to equity holders of the parent	58,963	56,983
Non-controlling interests	893	912
Total equity	59,856	57,895
Non-current liabilities
Long-term deferred income	374	1,154
Long-term lease liabilities	8	133
Other non-current liabilities		156
Deferred tax liabilities	76	1,847
Total non-current liabilities	458	3,290
Current liabilities
Trade and other payables	5,548	33,048
Customer accounts and amounts due to banks		11,203
Short-term debt	248	3,922
Short-term lease liabilities	14	300
Other current liabilities	154	2,268
Liabilities directly associated with the assets held for sale	55,959
Total current liabilities	61,923	50,741
Total equity and liabilities	₽ 122,237	₽ 111,926

Consolidated statement of compr

Consolidated statement of comprehensive income - RUB (₽) ₽ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Continuing operations
Revenue:		₽ 7,205	₽ 4,214		₽ 2,064	[1]
Revenue from contracts with customers		6,517	4,004		1,876	[1]
Interest revenue calculated using the effective interest rate		588	140		81	[1]
Fees from inactive accounts and unclaimed payments		100	70		107	[1]
Operating costs and expenses:		(6,181)	(5,277)		(2,573)	[1]
Cost of revenue, exclusive of items shown separately below		(4,355)	(2,690)		(1,076)	[1]
Selling, general and administrative expenses		(923)	(687)		(840)	[1]
Personnel expenses		(1,179)	(859)		(624)	[1]
Depreciation and amortization		(69)	(26)		(24)	[1]
Credit loss recovery/(expense)		399	(979)		3	[1]
Impairment of non-current assets		(54)	(36)		(12)	[1]
(Loss)/Profit from operations		1,024	(1,063)		(509)	[1]
Gain on disposal of subsidiaries, net		424
Gain on disposal of an associate	[1]				8,177
Share of gain/(loss) of an associate and a joint venture		(147)	(39)		306	[1]
Foreign exchange (loss)/gain, net		447	(453)		(6)	[1]
Other income and expenses, net		899	363		262	[1]
Profit/(Loss) before tax from continuing operations		2,647	(1,192)		8,230	[1]
Income tax expense		(260)	(544)		(490)	[1]
Net profit/(loss) from continuing operations		2,387	(1,736)		7,740	[1]
Discontinued operations
Profit after tax from discontinued operations		689	15,491		9,796	[1]
Net profit/(loss)		3,076	13,755		17,536	[1]
Attributable to:
Equity holders of the parent		2,768	13,119		17,399	[1]
Non-controlling interests		308	636		137	[1]
Foreign currency translation:
Exchange differences on translation of foreign operations		244	(142)		(12)	[1]
Net gain recycled to profit or loss upon disposal		(447)
Debt securities at fair value through other comprehensive income (FVOCI):
Net (loss)/gain arising during the period, net of tax		(191)	220		(204)	[1]
Net gains recycled to profit or loss upon disposal		(100)			(2)	[1]
Share of other comprehensive Income of an associate		6	16
Total other comprehensive (loss)/income, net of tax		(488)	94		(218)	[1]
Total comprehensive income, net of tax		2,588	13,849		17,318	[1]
Attributable to:
Equity holders of the parent		2,245	13,214		17,181	[1]
Non-controlling interests		₽ 343	₽ 635		₽ 137	[1]
Earnings per share:
Basic, profit attributable to ordinary equity holders of the parent		₽ 44.14	₽ 209.50		₽ 278.68	[1]
Diluted, profit attributable to ordinary equity holders of the parent		44.14	209.50		278.59	[1]
Earnings/(loss) per share from continuing operations
Basic, profit/(loss) from continuing operations attributable to ordinary equity holders of the parent		38.06	(27.73)		123.97	[1]
Diluted, profit/(loss) from continuing operations attributable to ordinary equity holders of the parent		₽ 38.06	₽ (27.73)		₽ 123.93	[1]

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Consolidated statement of cash

Consolidated statement of cash flows - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Operating activities
Profit/(loss) before tax from continuing operations	₽ 2,647	₽ (1,192)	[1]	₽ 8,230	[1]
Profit before tax from discontinued operations	2,298	19,376		12,386
Profit before tax	4,945	18,184		20,616
Adjustments to reconcile profit before tax to net cash flows generated from operating activities:
Depreciation and amortization	1,345	1,085		1,130
Foreign exchange loss/(gain), net	(2,341)	650		29
Interest income, net	(8,279)	(6,368)		(3,040)
Credit loss expense	1,432	2,381		336
Share of (gain)/loss of an associate and a joint venture	147	39		(306)
Share-based payments		86		8
Gain on disposal of subsidiaries	(407)
Gain on disposal of an associate				(8,177)
Impairment of non-current assets	14,408	47		24
Other	(885)	(140)		(100)
Changes in operating assets and liabilities:
Decrease/(increase) in trade and other receivables	(6,541)	(5,636)		394
(Increase)/decrease in other assets	1,250	(1,620)		(175)
(Decrease)/increase in customer accounts and amounts due to banks	4,353	2,018		(4,670)
(Decrease)/increase in accounts payable and accruals	1,017	4,251		(6,228)
Increase/(Decrease) in other liabilities	(748)	871		1,491
Increase in loans issued as operating activity	(5,297)	(3,804)		(5,720)
Cash flows (used in)/generated from operations	4,399	12,044		(4,388)
Interest received	10,255	7,192		3,538
Interest paid	(370)	(507)		(559)
Income tax paid	(4,409)	(3,838)		(3,101)
Net cash flow (used in)/generated from operating activities	9,875	14,891		(4,510)
Investing activities
Proceeds from sale of an associate		4,855		4,947
Cash paid as investments in associates	(315)	(660)
Cash (used in)/received upon business combination	(47)	1,012		(501)
Cash disposal upon sale of subsidiaries	(177)
Purchase of property and equipment	(776)	(232)		(302)
Purchase of intangible assets	(321)	(234)		(213)
Proceeds from sale of fixed and intangible assets	52	7		11
Loans issued	(3,209)	(29)		(25)
Repayment of loans issued	63	32		162
Purchase of debt securities	(25,144)	(5,938)		(10,584)
Proceeds from sale and redemption of debt securities	4,917	2,391		3,737
Dividends received from an associate				532
Net cash (used in)/generated from investing activities	(24,957)	1,204		(2,236)
Financing activities
Repayment of debt	(3,846)	(810)		(1,854)
Proceeds from borrowings	8,159
Payment of principal portion of lease liabilities	(320)	(233)		(274)
Dividends paid to owners of the Group				(5,211)
Dividends paid to non-controlling shareholders	(292)	(173)		(78)
Transactions with non-controlling interest	(304)
Net cash (used in)/generated from financing activities	3,397	(1,216)		(7,417)
Effect of exchange rate changes on cash and cash equivalents	2,328	(450)		(186)
Effect of change in ECL on cash and cash equivalents	(9)
Net (decrease)/increase in cash and cash equivalents	(9,366)	14,429		(14,349)
Cash and cash equivalents at the beginning of year	47,462	33,033		47,382
Cash and cash equivalents at the end of year	₽ 38,096	₽ 47,462		₽ 33,033

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Consolidated statement of chang

Consolidated statement of changes in equity - RUB (₽) ₽ in Millions	Share capital	Additional paid-in capital	Share premium	Other reserves	Retained earnings	Translation reserve	Total	Non-controlling interests	Total
Beginning balance, equity at Dec. 31, 2020	₽ 1	₽ 1,876	₽ 12,068	₽ 2,575	₽ 14,602	₽ 554	₽ 31,676	₽ 96	₽ 31,772
Beginning balance, shares outstanding (in shares) at Dec. 31, 2020	62,378,832
Profit for the year					17,399		17,399	137	17,536	[1]
Foreign currency translation						(12)	(12)		(12)
Debt instruments at FVOCI				(206)			(206)		(206)
Total comprehensive income, net of tax				(206)	17,399	(12)	17,181	137	17,318	[1]
Share-based payments				8			8		8
Exercise of options (in shares)	58,936
Dividends					(5,179)		(5,179)		(5,179)
Dividends to non-controlling interests								(78)	(78)
Other				(1)			(1)		(1)
Ending balance, equity at Dec. 31, 2021	₽ 1	1,876	12,068	2,376	26,822	542	43,685	155	₽ 43,840
Ending balance, shares outstanding (in shares) at Dec. 31, 2021	62,437,768								62,438,000
Profit for the year					13,119		13,119	636	₽ 13,755	[1]
Foreign currency translation						(141)	(141)	(1)	(142)
Debt instruments at FVOCI				220			220		220
Share of OCI of an associate				16			16		16	[1]
Total comprehensive income, net of tax				236	13,119	(141)	13,214	635	13,849	[1]
Share-based payments				86			86		₽ 86
Share-based payments (in shares)	263,841								264,000
Exercise of options (in shares)	11,366								11,000
Dividends to non-controlling interests								(171)	₽ (171)
Business combinations								293	293
Other				(2)			(2)		(2)
Ending balance, equity at Dec. 31, 2022	₽ 1	1,876	12,068	2,696	39,941	401	56,983	912	₽ 57,895
Ending balance, shares outstanding (in shares) at Dec. 31, 2022	62,712,975								62,713,000
Profit for the year					2,768		2,768	308	₽ 3,076
Foreign currency translation						(238)	(238)	35	(203)
Debt instruments at FVOCI				(291)			(291)		(291)
Share of OCI of an associate				6			6		6
Total comprehensive income, net of tax				(285)	2,768	(238)	2,245	343	2,588
Purchase of additional interest in subsidiary				(265)			(265)	(39)	(304)
Dividends to non-controlling interests								(292)	(292)
Disposal of subsidiaries								(15)	(15)
Other								(16)	(16)
Ending balance, equity at Dec. 31, 2023	₽ 1	₽ 1,876	₽ 12,068	₽ 2,146	₽ 42,709	₽ 163	₽ 58,963	₽ 893	₽ 59,856
Ending balance, shares outstanding (in shares) at Dec. 31, 2023	62,712,975								62,713,000

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Corporate Information and descr

Corporate Information and description of business	12 Months Ended
Corporate Information and description of business	Dec. 31, 2023
Corporate Information and description of business
Corporate Information and description of business	1. Corporate information and description of business QIWI plc (hereinafter “the Company”) was registered on February 26, 2007 as a limited liability company OE Investments in Cyprus under the Cyprus Companies Law, Cap. 113. The registered office of the Company is Kennedy 12, Kennedy Business Centre, 2nd Floor, P.C.1087, Nicosia, Cyprus. On September 13, 2010 the directors of the Company resolved to change the name of the Company from OE Investments Limited to QIWI Limited. On February 25, 2013 the directors of the Company resolved to change the legal form of the Company from QIWI Limited to QIWI plc. The consolidated financial statements of QIWI plc and its subsidiaries for the year ended December 31, 2023 were authorized for issue by Board of Directors (BoD) on April 19, 2024. QIWI plc and its subsidiaries (collectively the “Group”) operate electronic online payment systems primarily in Russia (until January 19, 2024 – see Note 29), Kazakhstan, Moldova, Belarus, United Arab Emirates (UAE) and other countries and provide consumer and small and medium enterprises (SME) financial services. The Company was founded as a holding company as a part of the business combination transaction in which ZAO Ob’edinennya Sistema Momentalnykh Platezhey and ZAO e-port Group of entities were brought together by way of contribution to the Company. The transaction was accounted for as a business combination in which ZAO Ob’edinennya Sistema Momentalnykh Platezhey was identified as the acquirer. The Company’s American Depositary Securities (ADS) have been listed on Nasdaq since May 3, 2013 and have been admitted to trading on MOEX since May 20, 2013. Prior to that time, there had been no public market for the Company’ ADSs or ordinary shares. Subsequently, the Company closed two follow-on offerings of its ADSs on October 3, 2013 and on June 20, 2014. Sergey Solonin is the ultimate controlling shareholder of the Group as of December 31, 2023. Information on the Company’s principal subsidiaries is disclosed in Note 5.

Principles underlying preparati

Principles underlying preparation of consolidated financial statements	12 Months Ended
	Dec. 31, 2023
Principles underlying preparation of consolidated financial statements
Principles underlying preparation of consolidated financial statements	2. Principles underlying preparation of consolidated financial statements 2.1 Basis of preparation The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) under the historical cost convention, as modified by the initial recognition of financial instruments based on fair value, and by revaluation of financial instruments categorised at fair value through profit or loss (FVTPL) and at fair value through other comprehensive income (FVOCI). The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated. Despite the risks and uncertainties, the Group is facing disclosed in Note 29, the management believes that the Group will continue to operate on a going concern basis in the foreseeable future. Therefore, these consolidated financial statements are prepared accordingly. The consolidated financial statements are presented in Russian rubles (“RUB”) and all values are rounded to the nearest million (RUB (000,000)) except where otherwise indicated. Group’s subsidiaries maintain and prepare their accounting records and prepare their statutory accounting reports in accordance with domestic accounting legislation. Standalone financial statements of subsidiaries are prepared in their respective functional currencies (see Note 3.2 below). 2.2 Basis of consolidation The consolidated financial statements comprise the financial statements of QIWI plc and its subsidiaries as of December 31 each year. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if the Group has: - Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee), - Exposure, or rights, to variable returns from its involvement with the investee, and - The ability to use its power over the investee to affect its returns. Where the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including: - The contractual arrangement with the other vote holders of the investee, - Rights arising from other contractual arrangements, - The Group’s voting rights and potential voting rights. The Group re-assesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group losses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated statement of comprehensive income from the date the Group gains control until the date the Group ceases to control the subsidiary. The financial statements of the subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. All intra-group balances, income, expenses and unrealized gains and losses resulting from intra-group transactions are eliminated in full, except for the foreign exchange gains and losses arising on intra-group loans. Profit or loss and each component of other comprehensive income (OCI) are attributed to the equity holders of the parent of the Group and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group’s accounting policies. 2. Principles underlying preparation of consolidated financial statements (continued) 2.2 Basis of consolidation (continued) A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. If the Group loses control over a subsidiary, it: - Derecognises the assets (including goodwill) and liabilities of the subsidiary. - Derecognises the carrying amount of any non-controlling interests, including any components of other comprehensive income attributable to them. - Recognises the fair value of the consideration received. - Recognises the fair value of any investment retained. - Recognises any surplus or deficit in profit or loss. - Reclassifies to profit or loss or retained earnings, as appropriate, the amounts previously recognized in OCI as would be required if the Group had directly disposed of the related assets or liabilities. 2.3 Changes in accounting policies The accounting policies adopted in the preparation of the consolidated financial statements are consistent with those followed in the preparation of the Group’s annual consolidated financial statements for the year ended December 31, 2022, except for the adoption of the new and amended IFRS and IFRIC interpretations as of January 1, 2023. The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective. The following amended standards became effective from January 1, 2023, but had no impact on the consolidated financial statements of the Group: - IFRS 17 Insurance Contracts (issued in May 2017) - Amendments to IFRS 17 Insurance contracts: Initial Application of IFRS 17 and IFRS 9 – Comparative Information (issued in December 2021) - Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2: Disclosure of Accounting policies (issued in February 2021) - Amendments to IAS 8 Accounting policies, Changes in Accounting Estimates and Errors: Definition of Accounting Estimates (issued in February 2021) - Amendments to IAS 12 Income tax: Deferred tax related to assets and liabilities arising from a single transaction (issued in May 2021) and International Tax Reform—Pillar Two Model Rules (issued in May 2023) 2.4 Standards issued but not yet effective The following other new pronouncements are not expected to have a material impact on the Group’s consolidated financial statements when adopted: - Amendments to IAS 1: Classification of liabilities as current or non-current (issued on January 23, 2020) and Non-current Liabilities with Covenants (issued on October 31, 2022) (effective for annual periods beginning on or after January 1, 2024). - Amendments to IFRS 16 Lease: Lease Liability in a Sale and Leaseback (issued in September 2022 and effective for annual periods beginning on or after January 1, 2024). - Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures: Supplier Finance Arrangements (issued on May 25, 2023 and effective for annual periods beginning on or after January 1, 2024). - Amendments to IAS 21 Foreign Currencies: The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability (issued on August 15, 2023 and effective for annual periods beginning on or after January 1, 2025). 2. Principles underlying preparation of consolidated financial statements (continued) 2.5. Changes in presentation In 2023 the Group decided to present Payment processing fees and Other revenue as a single «Revenue from contracts with customers». The effects of the change in presentation on the previously reported amounts in the consolidated statement of comprehensive income are set out below: The years ended December 31 The years ended December 31 2021 2022 2021 2022 As previously reported Restated Revenue from contracts with customers (continuing) — — 1,876 4,004 Revenue from contracts with customers (discontinued) — — 34,035 39,048 Payment processing fees 33,397 37,689 — — Other revenue 2,514 5,363 — —

Summary of material accounting

Summary of material accounting policy information	12 Months Ended
Summary of material accounting policy information	Dec. 31, 2023
Summary of material accounting policy information
Summary of material accounting policy information	3. Summary of material accounting policy information Set out below are the principal accounting policies used to prepare these consolidated financial statements: 3.1 Business combinations and goodwill Business combinations are accounted for using the acquisition method. Consideration transferred includes the fair values of the assets transferred, liabilities incurred by the Group to the previous owners of the acquiree, and equity interests issued by the Group. Consideration transferred also includes the fair value of any contingent consideration and share-based payment awards of the acquiree that are replaced mandatorily in the business combination. If a business combination results in the termination of pre-existing relationships between the Group and the acquiree, then the Group identifies any amounts that are not part of what the Group and the acquiree exchanged in the business combination. The Group recognizes as part of applying the acquisition method, only the consideration transferred for the acquiree and the assets acquired and liabilities assumed in the exchange for the acquiree. If the business combination is achieved in stages, any previously held equity interest is re-measured at its acquisition date fair value and any resulting gain or loss is recognized in profit or loss. It is then considered in the determination of goodwill. Any contingent consideration to be transferred by the acquirer will be recognized at fair value at the acquisition date. Subsequently, contingent consideration classified as an asset or liability, is measured at fair value with changes in fair value recognized in profit or loss. Contingent consideration that is classified as equity is not re-measured and subsequent settlement is accounted for within equity. The Group measures any non-controlling interest at its proportionate interest in the identifiable net assets of the acquiree. Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests, and any previous interest held, over the net identifiable assets acquired and liabilities assumed. If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, the Group re-assesses whether it has correctly identified all of the assets acquired and all of the liabilities assumed and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the re-assessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated of the Group’s cash generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the acquired entity are assigned to those units. 1. Summary of material accounting policy information (continued) 3.1 Business combinations and goodwill (continued) Where goodwill has been allocated to a cash-generating unit and certain operation within that unit is disposed of, the goodwill associated with the operation disposed of is included in the carrying amount of the operation when determining the gain or loss on disposal of the operation. Goodwill disposed in this circumstance is measured based on the relative values of the operation disposed and the portion of the cash-generating unit retained. 3.2 Foreign currency translation The consolidated financial statements are presented in Russian rubles (RUB), which is the Company’s functional and the Group’s presentation currency. Each entity in the Group determines its own functional currency, depending on what the underlying economic environment is, and items included in the financial statements of each entity are measured using that functional currency. The functional currencies of the foreign operations include US Dollar (U.S.$), Kazakhstan tenge (KZT) and others. The exchange rates of the Russian ruble to each respective currency as of December 31, 2023 and 2022 were as follows: Average exchange rates for Exchange rates at the year ended December 31, December 31, 2022 2023 2022 2023 US Dollar 68.5494 85.2466 70.3375 89.6883 Euro 72.5259 92.2406 75.6553 99.1919 Kazakhstan Tenge (100) 14.8608 18.6765 15.2583 19.7708 The official exchange rates above are determined daily by the Central Bank of the Russian Federation (further CBR). Market rates may differ from the official rates but the differences are, generally, within narrow parameters monitored by the respective Central Banks. The translation of assets and liabilities denominated in the currencies listed above into RUB for the purposes of these financial statements does not indicate that the Group could realize or settle, in RUB, the reported values of these assets and liabilities. Likewise, it does not indicate that the Group could return or distribute the reported RUB value of capital and retained earnings to its shareholders. 3.3 Intangible assets 3.3.1 Software and other intangible assets Software and other intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is their fair value as of the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses. Following initial recognition of the development expenditure as an asset, the cost model is applied requiring the asset to be carried at cost less any accumulated amortization and accumulated impairment losses. Amortization of the asset begins when development is complete and the asset is available for use. During the period of development, the asset is tested for impairment annually. 3.3.2 Software development costs Development expenditure on an individual project is recognized as an intangible asset when the Group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, its intention to complete and its ability to use or sell the asset, how the asset will generate future economic benefits, the availability of resources to complete the asset and the ability to measure reliably the expenditure during development. 3 Summary of material accounting policy information (continued) 3.3 Intangible assets (continued) 3.3.3 Useful life and amortization of intangible assets The Group assesses whether the useful life of an intangible asset is finite or indefinite and, if finite, the length of that useful life. An intangible asset is regarded by the entity as having an indefinite useful life when, based on an analysis of all of the relevant factors, there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows for the entity. Intangible assets with finite lives are amortized on a straight-line basis over the useful economic lives and assessed for impairment whenever there is an indication that the intangible asset may be impaired. Below is the summary of useful lives of intangible assets: Bank license indefinite Customer relationships 4-15 years Computer Software 2-9 years Trademarks and other intangible assets 3-11 years Amortization periods and methods for intangible assets with finite useful lives are reviewed at least at each financial year-end. Intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually, either individually or at the cash-generating unit level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable. Indefinite-lived intangible assets include the acquired licenses for banking operations. It is considered indefinite-lived as the related license is expected to be renewed indefinitely. 3.4 Impairment of non-financial assets The Group assesses at each reporting date whether there is an indication that an asset, other than goodwill and intangible assets with indefinite useful life, may be impaired. If any such indication exists, or when annual impairment testing for an asset is required, the Group estimates the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s fair value less costs to sell and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. 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. In determining fair value less costs to sell, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted share prices for publicly traded analogues, if applicable, or other available fair value indicators. The Group bases its impairment calculation on detailed budgets and forecast calculations, which are prepared separately for each of the Group’s cash generating units (CGU), to which the individual assets are allocated. These budgets and forecast calculations generally cover a period of three years or longer, when management considers appropriate. For longer periods, a long-term growth rate is calculated and applied to project future cash flows after the last year. Impairment losses of continuing operations are recognized in profit or loss in those expense categories consistent with the function of the impaired asset. For assets excluding goodwill, an assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no longer exist or may have decreased. If such indication exists, the Group makes an estimate of recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognized. If that is the case, the carrying amount of the asset is increased to its recoverable amount. 3. Summary of material accounting policy information (continued) 3.4 Impairment of non-financial assets (continued) That increased amount cannot exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in profit or loss. The following criteria are also applied in assessing impairment of specific assets: Goodwill The Group performs its impairment test of goodwill annually and whenever certain events and circumstances indicate that its carrying value may be impaired. Impairment is determined for goodwill by assessing the recoverable amount of the cash-generating units to which the goodwill relates, as higher of its value in use and its fair value less costs to sell. Where the recoverable amount of the cash-generating units is lower than their carrying amount an impairment loss is recognized. Impairment losses relating to goodwill cannot be reversed in future periods. 3.5 Financial assets 3.5.1 Initial recognition and measurement Financial assets are classified, at initial recognition, as subsequently measured at amortised cost, fair value through other comprehensive income (OCI), and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient are measured at the transaction price determined under IFRS 15. In order for a financial asset to be classified and measured at amortised cost or fair value through OCI, it needs to give rise to cash flows that are ‘solely payments of principal and interest (SPPI)’ on the principal amount outstanding. This assessment is referred to as the SPPI test and is performed at an instrument level. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. 3.5.2 Subsequent measurement For purposes of subsequent measurement, financial assets are classified in four categories: - Financial assets at amortised cost - Financial assets at fair value through OCI with recycling of cumulative gains and losses - Financial assets designated at fair value through OCI with no recycling of cumulative gains and losses upon derecognition - Financial assets at fair value through profit or loss Financial assets at amortised cost This category is the most relevant to the Group. The Group measures financial assets at amortised cost if both of the following conditions are met: - The financial asset is held within a business model with the objective to hold financial assets in order to collect contractual cash flows, and - The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. 3. Summary of material accounting policy information (continued) 3.5 Financial assets (continued) 3.5.2 Subsequent measurement (continued) Financial assets at amortised cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired. The Group’s financial assets at amortised cost include cash and cash equivalents, reserves at CBR, debt instruments, trade and other receivables and loans issued. Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Financial assets at fair value through profit or loss are carried in the consolidated statement of financial position at fair value with net changes in fair value recognised in the profit or loss section of the consolidated statement of comprehensive income. The Group’s financial assets at fair value through profit or loss include a convertible loan, loans to ventures that did not pass the SPPI test and an option to increase the Group’s share in an associate. Financial assets at fair value through OCI For debt securities at fair value through OCI, interest income, foreign exchange revaluation and impairment losses or reversals are recognised in the profit or loss section of consolidated statement of comprehensive income and computed in the same manner as for financial assets measured at amortised cost. The remaining fair value changes are recognised in OCI. Upon derecognition, the cumulative fair value change recognised in OCI is recycled to profit or loss. The Group’s debt securities at fair value through OCI mostly represent investments in quoted debt securities included under short-term debt securities and deposits. 3.5.3 Impairment - credit loss allowance for ECL The Group assesses and recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. The measurement of ECL reflects: - an unbiased and probability weighted amount that is determined by evaluating a range of possible outcomes; - the time value of money; and - all reasonable and supportable information that is available without undue cost and effort at the end of each reporting period about past events, current conditions and forecasts of future economic conditions. Debt instruments measured at AC are presented in the consolidated statement of financial position net of the allowance for ECL. For loan commitments (where those components can be separated from the loan), a separate provision for ECL is recognised as other financial liabilities as part of accounts payable in the consolidated statement of financial position. For debt instruments at FVOCI, an allowance for ECL is recognised in profit or loss and it affects fair value gains or losses recognised in OCI rather than the carrying amount of those instruments. The Group applies a “three stage” model for impairment in accordance with IFRS 9, based on changes in credit quality since initial recognition: 3. Summary of material accounting policy information (continued) 3.5 Financial assets (continued) 3.5.3 Impairment - credit loss allowance for ECL (continued) 1. A financial instrument that is not credit-impaired on initial recognition is classified in Stage 1. Financial assets in Stage 1 have their ECL measured at an amount equal to the portion of lifetime ECL that results from default events possible within the next 12 months (12 month ECL). 2. If the Group identifies a significant increase in credit risk (“SICR”) since initial recognition, the asset is transferred to Stage 2 and its ECL is measured based on ECL on a lifetime basis (lifetime ECL). 3. If the Group determines that a financial asset is credit-impaired, the asset is transferred to Stage 3 and its ECL is measured as a lifetime ECL. For financial assets that are credit-impaired on purchase or at origination, the ECL is always measured at a lifetime ECL. Note 27 provides information about inputs, assumptions and estimation techniques used in measuring ECL, including an explanation of how the Group incorporates forward-looking information in the ECL models. 3.5.4 Derecognition A financial asset (or, where applicable a part of a financial asset or part of a group of similar financial assets) is derecognized when: - The rights to receive cash flows from the asset have expired - The Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement; and either (a) the Group has transferred substantially all the risks and rewards of the asset, or (b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset. When the Group has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, and has neither transferred nor retained substantially all of the risks and rewards of the asset nor transferred control of the asset, the asset is recognized to the extent of the Group’s continuing involvement in the asset. In that case, the Group also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Group has retained. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Group could be required to repay. 3.6 Financial liabilities 3.6.1 Initial recognition and measurement All financial liabilities are recognised initially at fair value, minus, in the case of financial liability not at fair value through profit or loss, transaction costs that are directly attributable to issue of financial liability. The Group classifies all financial liabilities as subsequently measured at amortised cost (trade and other payables, debt, deposits, customer accounts and amounts due to banks), except for financial liabilities at fair value through profit or loss and financial guarantees. 3.6.2 Subsequent measurement The measurement of financial liabilities depends on their classification, as described below: Financial liabilities at fair value through profit or loss 3. Summary of material accounting policy information (continued) 3.6 Financial liabilities (continued) 3.6.2 Subsequent measurement (continued) Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. The Group has no such instruments. Debt and deposits This is the category most relevant to the Group. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the EIR method. Gains and losses are recognised in profit or loss when the liabilities are derecognised as well as through the EIR amortisation process. Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or transaction costs that are an integral part of the EIR. The EIR amortisation is included as finance costs in the profit or loss section of the consolidated statement of comprehensive income. Financial guarantees Subsequent to initial recognition, the Group’s liability under each guarantee is measured at the higher of the commissions initially recognised less the cumulative amount of income recognised in the consolidated statement of comprehensive income, and an ECL allowance. The commissions received is recognised in the consolidated statement of comprehensive income as revenue on a straight-line basis over the life of the guarantee. Undrawn loan commitments Undrawn loan commitments are commitments under which, over the duration of the commitment, the Group is required to provide a loan with pre-specified terms to the customer. Commitments to provide loans are initially recognised at their fair value, which is normally evidenced by the amount of fees received. At the end of each reporting period, the commitments are measured at the amount of the loss allowance determined based on the expected credit loss model. For loan commitments (where those components can be separated from the loan), a separate provision for ECL is recognised as a liability in the consolidated statement of financial position. 3.6.3 Derecognition A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability, and the difference in the respective carrying amounts is recognized in profit or loss. In accordance with terms and conditions of use of e-wallet accounts and system rules, the Group charges a fee on its consumers on the balance of unused accounts after certain period of inactivity and unclaimed payments. Such fees are recorded as revenues in the period a fee is charged. 3.6.4 Offsetting financial assets and liabilities Financial assets and financial liabilities are offset and the net amount reported in the consolidated statement of financial position if, and only if: - There is a currently enforceable legal right to offset the recognized amounts; and - There is an intention to settle on a net basis, or to realize the assets and settle the liabilities simultaneously. - The right of set-off: - Must not be contingent on a future event; and 3. Summary of material accounting policy information (continued) 3.6 Financial liabilities (continued) 3.6.4 Offsetting financial assets and liabilities (continued) Must be legally enforceable in all of the following circumstances: (i) the normal course of business; (ii) the event of default; and (iii) the event of insolvency or bankruptcy of the entity and all of the counterparties 3.7 Cash and cash equivalents Cash comprises cash at banks and in hand and short-term deposits with an original maturity of three months or less and are included as a component of cash and cash equivalents for the purpose of the consolidated statement of financial position and consolidated statement of cash flows. 3.8 Employee benefits 3.8.1 Personnel expenses Wages and salaries paid to employees are recognized as expenses in the current year. The Group also accrues expenses for future vacation payments and short-term or long-term employee bonuses. 3.8.2 Social contributions and defined contributions to pension fund Under provisions of the Russian legislation, social contributions include defined contributions to pension and other social funds of Russia and are calculated by the Group by the application of a regressive rate (from 30% to 15% in 2023, 2022 and 2021) to the annual gross remuneration of each employee. In the year 2023 Russian pension and social security funds were combined. For the year ended December 31, 2023 defined contributions to this combined fund of Russia of the Group amounted to 1,439 (2022 – 749 (only pension fund); 2021 – 679 (only pension fund)). 3.9 Provisions Provisions are recognized when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation, and a reliable estimate of the amount can be made. Where the Group expects a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. If the effect of discounting is material, provisions are determined by discounting the expected value of future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized as an interest expense. Performance guarantees Performance guarantees are contracts that provide compensation if another party fails to perform a contractual obligation. Performance guarantees do not transfer credit risk. The risk under performance guarantee contracts is the possibility that the failure to perform the contractual obligation by another party occurs. Performance guarantees are initially recognized at their fair value, which is usually equal to the amount of commissions received. The commissions received is recognised in the consolidated statement of comprehensive income as revenue on a straight-line basis over the life of the guarantee. Subsequent to initial recognition, the Group’s liability under each guarantee is measured at the higher of the commissions initially recognised less the cumulative amount of income recognised in the consolidated statement of comprehensive income, and an ECL allowance. 3. Summary of material accounting policy information (continued) 3.10 Special contribution for defense of the Republic of Cyprus Dividend Distribution Cyprus entities that do not distribute 70% of their profits after tax, as defined by the relevant tax law, within two years after the end of the relevant tax year, are deemed to have distributed as dividends 70% of these profits. A special contribution for the defense fund of the Republic of Cyprus is levied at the 17% rate for 2021, 2022, 2023 and thereafter will be payable on such deemed dividends distribution. Profits that are attributable to shareholders who are not tax resident of Cyprus and own shares in the Company either directly and/or indirectly at the end of two years from the end of the tax year to which the profits relate, are exempted. The amount of deemed distribution is reduced by any actual dividends paid out of the profits of the relevant year at any time. This special contribution for defense is payable by the Company for the account of the shareholders. The Company’s ultimate shareholder as of December 31, 2023 is non-Cypriot tax resident and as such the Cypriot deemed dividend distribution rules are not applicable. Dividend income Dividends received from a non-resident (foreign) company are exempt from the levy of defence contribution if either the dividend paying company derives at least 50% of its income directly or indirectly from activities which do not lead to investment income (“active versus passive investment income test” is met) or the foreign tax burden on the profit to be distributed as dividend has not been substantially lower than the Cypriot corporate income tax rate (i.e. lower than 6.25%) at the level of the dividend paying company (“effective minimum foreign tax test” is met). The Company has not been subject to defense tax on dividends received from abroad as the dividend paying entities are engaged in other than investing activities. 3.11 Revenue from contracts with customers and related cost recognition Revenue from contracts with customers is recognized when control of the services is transferred to the customer at an amount that reflects the consideration to which the Group expects to be entitled in exchange for those services. The Group has generally concluded that it is the principal in its revenue arrangements because it typically controls the services before transferring them to the customer. Revenues and related cost of revenue from services are recognized in the period when services are rendered, regardless of when payment is made. All performance obligations are either satisfied at a point of time or over time. In the former case they represent a separate instantaneous service, in the latter – a series of distinct services that are substantially the same and that have the same pattern of transfer to the customers. Such performance obligations are invoiced at least monthly. Progress of performance obligations satisfied over time is measured by the output method. The Group recognizes the majority of its revenue at a point of time. Contract price is allocated separately to each performance obligation. There are generally no variable amounts affecting consideration at the moment such consideration is recognized as revenue. In the rare cases when the variability exists, the Group makes estimate of the amount to be recognized basing on appropriate budgets and models. Consideration from customers does not have any non-cash component. Consideration payable to a customer is accounted for as a reduction of the transaction price and, therefore, a reduction of revenue. Consideration from customers is normally received within a few months and never in more than a year. Consequently, the Group believes it contains no significant financing component. Within some components of its business, the Group pays remuneration to its employees and third parties for attracting customers. The costs which are incremental to acquisition of new customers are further analysed for recoverability. If this expenditure is expected to be reimbursed by future income, it is capitalized as costs to obtain a contract and amortized during the contract term. Payment processing fee revenues and related transaction costs Payment processing fee revenues include the following types: - fees for processing of consumer payment (consumer fee and merchant fee), - conversion fees. 3. Summary of material accounting policy information (continued) 3.11 Revenue from contracts with customers and transaction cost recognition (continued) The Group earns a fee for processing payments initiated by the individuals (“consumers”) to pay to merchants and service providers (“merchants”) or transfer m

Significant accounting judgment

Significant accounting judgments, estimates and assumptions	12 Months Ended
Significant accounting judgments, estimates and assumptions	Dec. 31, 2023
Significant accounting judgments estimates and assumptions
Significant accounting judgments, estimates and assumptions	4. Significant accounting judgments, estimates and assumptions The preparation of consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the reporting dates and the reported amounts of revenues and expenses during the reporting periods. However, uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset or liability affected in future periods. Significant judgments Recognition of control, joint control, or significant influence over entities In assessing business combinations, the Group analyses all relevant terms and conditions of management of the acquired or newly established entities and exercise judgment in deciding whether the Group has control, joint control, or significant influence over them. See Note 6 for details. 4. Significant accounting judgments, estimates and assumptions (continued) Significant estimates and assumptions Significant estimates reflected in the Group’s consolidated financial statements include, but are not limited to: - Fair values of assets and liabilities acquired in business combinations; - Fair value measurement of financial instruments - Impairment of goodwill and intangible assets; - Impairment of financial assets (ECL measurement); - Recognition and measurement of assets as being held for sale Actual results could materially differ from those estimates. The key assumptions concerning the future events and other key sources of estimation uncertainty at the reporting date that have a significant risk of a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below: Fair values of assets and liabilities acquired in business combinations The Group recognizes separately, at the acquisition date, the identifiable assets, liabilities and contingent liabilities acquired or assumed in the business combination at their fair values, which involves estimates. Such estimates are based on valuation techniques, which require considerable judgment in forecasting future cash flows and developing other assumptions. Fair value measurement of financial instruments When the fair values of financial assets and financial liabilities recorded in the statement of financial position cannot be measured based on quoted prices in active markets, their fair value is measured using valuation techniques including the discounted cash flow (DCF) model. The inputs to these models are taken from observable markets where possible, but where this is not feasible, a degree of judgement is required in establishing fair values. Judgements include considerations of inputs such as cash flow growth rates and discount rates. Changes in assumptions relating to these factors could affect the reported fair value of financial instruments. See Note 28 for details. Impairment of goodwill and intangible assets Impairment exists when the carrying value of an asset or cash generating unit exceeds its recoverable amount, which is the higher of its fair value less costs of disposal and its value in use. The fair value less costs of disposal calculation is based on available data from binding sales transactions, conducted at arm’s length, for similar assets or observable market prices less incremental costs of disposing of the asset. The value in use calculation, which is the main method for CGU level, is based on a DCF model. The cash flows are derived from the budget for the next three years and do not include restructuring activities that the Group is not yet committed to or significant future investments that will enhance the performance of the assets of the CGU being tested. The recoverable amount is sensitive to the discount rate used for the DCF model as well as the expected future cash-inflows and the growth rate used for extrapolation purposes. These estimates are most relevant to goodwill and other intangibles with indefinite useful lives recognised by the Group. ECL measurement The Group records an allowance for ECLs for financial guarantees, all loans, loan commitments and other debt financial assets, not held at FVPL. The ECL allowance is based on the credit losses expected to arise over the life of the asset (the lifetime expected credit loss or LTECL), unless there has been no significant increase in credit risk since origination, in which case, the allowance is based on the 12 months’ expected credit loss (12mECL). The 12mECL is the portion of LTECL that represents the ECLs that result from default events on a financial instrument that are possible within the 12 months after the reporting date. Both LTECL and 12mECL are calculated on either an individual basis or a collective basis, depending on the nature of the underlying portfolio of financial instruments. 4 Significant accounting judgments, estimates and assumptions (continued) ECL measurement (continued) ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive. The shortfall is then discounted at an approximation to the asset’s original effective interest rate. The mechanics of the ECL calculations are outlined below and the key elements are as follows: - PD The Probability of Default - EAD The Exposure at Default - LGD The Loss Given Default For other financial assets (i.e., cash in banks, loans and debt instruments) and financial liabilities (i.e., financial guarantees and credit related commitments) the Group has established a policy to perform an assessment, at the end of each reporting period, of whether a financial instrument’s credit risk has increased significantly since initial recognition, by considering the change in the risk of default occurring over the remaining life of the financial instrument. In all cases, the Group considers that there has been a significant increase in credit risk when contractual payments are more than 30 days past due. The Group considers a financial asset in default when contractual payment are 90 days past due (except for debt securities and accounts/deposits within financial institutions of 14 days). However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. For Trade and other receivables, the Group has applied the standard’s simplified approach and has calculated ECLs based on lifetime expected credit losses. The Group has established a provision matrix that is based on the Group’s historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. For factoring loans, performance guaranties, performance loans and its undrawn credit commitments ELC calculation the Group used internal historical loans loss rates statistics for assessment of probabilities of default. The loss given default is an estimate of the loss arising in the case where a default occurs at a given time and is based on internal statistics. Further details on provision for impairment of loans and receivables are disclosed in Notes 10, 11. Recognition and measurement of assets as being held for sale The Group recognized a substantial part of its assets and related liabilities as being held for sale as at December 31, 2023, and the related operations as discontinued. Judgment was applied to determine the probability of the future sale transaction as well as the valuation of these net assets being based on the consideration likely to be received. See Note 6 for details.

Consolidated subsidiaries

Consolidated subsidiaries	12 Months Ended
Consolidated subsidiaries	Dec. 31, 2023
Consolidated subsidiaries
Consolidated subsidiaries	5. Consolidated subsidiaries The consolidated IFRS financial statements include the assets, liabilities and financial results of the Company and its subsidiaries. The subsidiaries are listed below: Ownership interest As of As of December 31, December 31, Subsidiary Main activity 2022 2023 JSC QIWI (Russia) Operation of electronic payment kiosks, holding company 100 % 100 % QIWI Bank JSC (Russia) Maintenance of electronic payment systems, money transfers and Bank operations 100 % 100 % QIWI Payments Services Provider Ltd (UAE) 1 Operation of on-line payments 100 % — QIWI International Payment System LLC (USA) Operation of electronic payment kiosks 100 % 100 % Qiwi Kazakhstan LP (Kazakhstan) Operation of electronic payment kiosks 100 % 100 % JLLC OSMP BEL (Belarus) Operation of electronic payment kiosks 51 % 51 % QIWI-M S.R.L. (Moldova) Operation of electronic payment kiosks 51 % 51 % QIWI Technologies LLC (Russia) (Note 6) Software development 80 % 100 % ROWI Factoring Plus LLC (Russia) Factoring services to SME 51 % 51 % ContactPay Solution (United Kingdom) Operation of on-line payments 100 % 100 % Rocket Universe LLC (Russia) Software development 100 % 100 % Billing Online Solutions LLC (Russia) Software development 100 % 100 % Flocktory Ltd (Cyprus) Holding company 100 % 100 % Flocktory Spain S.L. (Spain) SaaS platform for customer lifecycle management and personalization 100 % 100 % FreeAtLast LLC (Russia) SaaS platform for customer lifecycle management and personalization 100 % 100 % SETTE FZ-LLC (UAE) Payment Services Provider 100 % 100 % LALIRA DMCC (UAE) Payment Services Provider 100 % 100 % MFC Polet Finance LLC(Russia) Retail financial services 100 % 100 % QIWI Finance LLC (Russia) Financing management 100 % 100 % ROWI Tech LLC (Russia) Software development 51 % 51 % Flocktory LLC (Russia) Research and development 100 % 100 % Qiwi Lab LLC (Russia) Software development 100 % 100 % QIWI Payments LLC (Russia) Software development 80 % 100 % IntellectMoney LLC (Russia) Software development 100 % 100 % Managing Company “RealWeb” Ltd (Russia) Management services 100 % 100 % IA RealWeb Ltd (Russia) Digital marketing 75 % 75 % Sfera LLC (Russia) Digital marketing 83 % 83 % Centra Ltd (Russia) Software development 100 % 100 % Fusion Tech Ltd (Russia) 3 Digital marketing 100 % — De Vision Ltd (Russia) Software development 75 % 75 % Vailmobail LLC (Russia) Digital marketing 75 % 75 % Konversiya LLC (Russia) Recruitment services 75 % 75 % IA REAL WEB CJSC (Armenia) Digital marketing 75 % 75 % RW Consulting SIA (Latvia) 3 Digital marketing 83 % — RealWeb Latvia SIA (Latvia) 3 Digital marketing 83 % — IT LAB AND PAYMENTS FE LLC (Uzbekistan) Software development 100 % 100 % Epic Growth LLC (Russia) 2 Digital marketing — 83 % Data Go LLC (Russia) 2 Software development — 75 % Associate Advanced Digital Applications Holding Ltd (BVI) (Note 6) Operation of on-line payments 9.9 % 12.6 % 1 The Entity was liquidated during 2023 2 The entities were acquired in 2023 for insignificant consideration 3 The entities were sold in 2023 for insignificant consideration.

Acquisitions, disposals and dis

Acquisitions, disposals and discontinued operations	12 Months Ended
Acquisitions, disposals and discontinued operations	Dec. 31, 2023
Acquisitions, disposals and discontinued operations
Acquisitions, disposals and discontinued operations	6. Acquisitions, disposals and discontinued operations 2023 Sale of RealWeb Latvia In September 2023, the Group sold Latvia based subsidiaries “RealWeb Latvia” SIA and “RW Consulting” SIA to an unrelated party for insignificant consideration. Since that date their operations are considered as discontinued. These entities represented the part of the Group’s Digital Marketing operating segment. Cash and cash equivalents disposed with these subsidiaries amounted to 186. Sale of Russian business In June 2023, following a decision by NASDAQ to allow continuance of the Company’s listing subject to divestment of its Russian assets, management announced the restructuring plan to achieve the goal for the Company to have practically no business in Russia. During the second half of 2023 the Group was considering different options for the divestment. By the end of the year 2023 management committed to a plan to sell QIWI JSC together with its subsidiaries to the CEO of the Group. At December 31, 2023, the Russian business was classified as a disposal group held for sale and as discontinued operations, representing a major geographical area of operation. The sale was completed in January 2024 (Note 29). The list of subsidiaries that were disposed of is presented below: Ownership Name of subsidiary Location interest JSC Russia 100 % QIWI Russia 100 % QIWI Technologies LLC Russia 100 % ROWI Factoring Plus LLC Russia 51 % Rocket Universe LLC Russia 100 % Billing Online Solutions LLC Russia 100 % FreeAtLast LLC Russia 100 % QIWI Finance LLC Russia 100 % ROWI Tech LLC Russia 51 % Flocktory LLC Russia 100 % Qiwi Lab LLC Russia 100 % QIWI Payments LLC Russia 100 % IntellectMoney LLC Russia 100 % Managing Company “RealWeb” Ltd Russia 100 % IA RealWeb Ltd Russia 75 % Sfera LLC Russia 83 % Centra Ltd Russia 100 % De Vision Ltd Russia 75 % Vailmobail LLC Russia 75 % Konversiya LLC Russia 75 % Epic Growth LLC Russia 83 % Data Go LLC Russia 75 % IA REAL WEB CJSC Armenia 75 % JLLC OSMP BEL Belarus 51 % QIWI-M S.R.L. Moldova 51 % These entities represented a significant part of the Group’s Payment services operating segment and entire Digital Marketing and ROWI operating segments. 6. Acquisitions, disposals and discontinued operations (continued) Sale of Russian business (continued) The major classes of assets and liabilities of Russian entities classified as held for sale as at December 31, 2023 are, as follows: Assets Notes Debt securities 28 31,340 Loans issued 19,745 Tax receivables 416 Deferred tax assets 24 985 Trade and other receivables 18,187 Other assets 926 Cash and cash equivalents 30,796 Assets held for sale 102,395 Liabilities Deferred income 1,485 Tax payables 779 Trade and other payables 28,984 Customer accounts and amounts due to banks 15,949 Debt* 28 8,162 Lease liabilities 462 Other liabilities 138 Liabilities directly associated with the assets held for sale 55,959 Net assets directly associated with the disposal group 46,436 Amounts included in accumulated OCI: Foreign currency translation reserve 31 Reserve for debt instruments at FVOCI (280) Reserve of disposal group classified as held for sale (249) * In October 2023 the Group issued unsecured bonds at the principal amount of RUB 8.5 billion with a floating nominal interest rate of RUONIA + 3.4% (Issue costs amounted to 80 , so that the effective interest rate comprised RUONIA+ 3.6% ). The interest rate is fixed until October 31, 2025, after which the Group can change it and the investors will have the right to present the bonds for redemption. The Bonds are due in 2027. The Group is subject to a number of covenants regarding the bonds issued. As of December 31, 2023 and December 31, 2022, the Group was in compliance with all covenants stipulated by the public irrevocable offers. Additionally discontinued business has 3,999 net liabilities owed to continuing one that were eliminated as intra-group balances as at December 31, 2023, and not included into amount of net assets above. Write-down of non-current assets Immediately before the classification of Russian subsidiaries as disposal group, the recoverable amount was estimated for the CGUs included in this group and no impairment loss was identified. Following the classification, an impairment loss of 14,354 for write-down of non-current assets was recognised on December 31, 2023, to reduce the carrying amount of the non-current assets classified as held for sale effectively to zero, in order to measure a disposal group held for sale at the lower of the carrying amount and fair value less costs to sell. The remaining loss was recognized upon disposal (Note 29). The impairment loss was applied to the carrying amount of Goodwill 8,724, Intangible assets 4,017 and property and equipment 1,613 within the disposal group. This impairment of non-current assets was recognized in discontinued operations in the statement of profit or loss. The fair value of the disposal group was determined using the price of the offer received from the buyer without any adjustments (Level 2). 6. Acquisitions, disposals and discontinued operations (continued) Sale of Russian business (continued) The results of the discontinued operations for the years ended December 31 are presented below: Notes 2021 2022 2023 RF RF RF Latvia Total Revenue: 39,071 47,288 59,541 4,574 64,115 Revenue from contracts with customers 20 34,035 39,048 49,786 4,574 54,360 Interest revenue calculated using the effective interest rate 20 3,372 6,624 8,217 — 8,217 Fees from inactive accounts and unclaimed payments 1,664 1,616 1,538 — 1,538 Operating costs and expenses: (26,557) (27,637) (44,736) (4,541) (49,277) Cost of revenue (exclusive of items shown separately below) 21 (16,946) (14,675) (26,627) (4,486) (31,113) Selling, general and administrative expenses 22 (2,388) (3,080) (4,302) (17) (4,319) Personnel expenses (5,766) (7,410) (10,701) (37) (10,738) Depreciation and amortization 9 (1,106) (1,059) (1,276) — (1,276) Credit loss expense 10,11,25 (339) (1,402) (1,830) (1) (1,831) Impairment of non-current assets (12) (11) — — — Profit from operations the ordinary activities 12,514 19,651 14,805 33 14,838 Foreign exchange gain/(loss), net (23) (197) 1,893 1 1,894 Other income and expenses, net (105) (78) (62) (1) (63) Profit before tax from the ordinary activities 12,386 19,376 16,636 33 16,669 Income tax expense 24 (2,590) (3,885) (3,528) (7) (3,535) Net profit from the ordinary activities 9,796 15,491 13,108 26 13,134 Impairment loss recognised on the remeasurement to bring down to fair value less costs to sell — — (14,354) — (14,354) Income tax related to remeasurement to fair value less costs to sell — — 1,926 — 1,926 Loss on sale of discontinued operations — — — (17) (17) Total profit for the year from discontinued operations 9,796 15,491 680 9 689 Attributable to: Equity holders of the parent 9,659 14,855 381 Non-controlling interests 137 636 308 Earnings per share for discontinued operations Basic, profit from discontinued operations attributable to ordinary equity holders of the parent 154.71 237.23 6.08 Diluted, profit from discontinued operations attributable to ordinary equity holders of the parent 154.66 237.23 6.08 Subsequent to the disposal, the Group will continue to purchase processing and acquiring services from some of its former subsidiaries. Although intra-group transactions have been fully eliminated in the consolidated financial results, management has elected to attribute the elimination of transactions between continuing and discontinued operations before the disposal in a way that reflects the continuance of these transactions subsequent to the disposal, because management believes this is useful to the users of the financial statements. This presentation only covers operating activities. To achieve this presentation the intra-group revenues and costs thereof have been eliminated from the results of the discontinued operations. Because purchases from the discontinued operations will continue after the disposal, intra-group purchases made by the continuing operations are retained in continuing operations. All investing and financing relationships between the Group and these Russian subsidiaries will be terminated and are not considered ongoing. 6. Acquisitions, disposals and discontinued operations (Continued) Sale of Russian business (continued) The net cash flows incurred by the discontinued operations are as follows: 2021 2022 2023 Operating (2,852) 15,634 6,853 Investing (7,660) (2,033) (16,705) Financing (2,200) (1,205) 3,438 Net cash (outflow)/inflow (12,712) 12,396 (6,414) 2022 Taxiaggregator During December 2021 - January 2022, the Group completed a series of transactions related to the acquisition of assets of the Taxiaggregator business combined with the hiring of its employees into an existing Group subsidiary QIWI Technologies LLC. In January 2022, the Group obtained control over the Taxiaggregator business. As a result, the Group came to own 80% of the business with the remaining 20% owned by the founder of Taxiaggregator. The acquisition has been accounted for using the acquisition method. Taxiaggregator is a SaaS platform that provides payment solutions and data analytics tool for taxi companies and taxi drivers. The platform allows drivers to see balances and order history from all aggregators consolidated in real time at a convenient interface and get instant payouts after each trip. The transaction falls within the Group’s strategy to further develop its value proposition in payment segment for self-employed. QIWI had been an exclusive payment partner of Taxiaggregator form its inception. The Group’s expenses for information services from the business for the year ended December 31, 2021, amounted to 139. The consideration measured at fair values comprised the following: The acquisition date fair value of the Group’s previously held interest 116 Cash consideration 706 Total consideration transferred 822 Cash consideration has been paid in full as of March 31, 2022 (215 during the first quarter 2022 and 491 during the year 2021). The fair value of the identifiable assets and liabilities as of the date of acquisition was: Fair value Net assets acquired: Intangible assets 233 Software 64 Customer relationships 169 Deferred tax liabilities (39) Total identifiable net assets at fair value 194 Group’s share of net assets acquired (80%) 156 Goodwill arising on acquisition 666 The Goodwill resulted as the difference between the Group’s share of the fair value of net assets acquired in the business combination and the consideration paid amounted to 666 and related to the potential synergy with the Payment services segment of the Group. Goodwill was allocated to the Payment services CGU. None of the goodwill recognized is expected to be deductible for income tax purposes. 6. Acquisitions, disposals and discontinued operations (continued) Taxiaggregator (continued) Revenue and net profit of the Taxiaggregator business from the acquisition date to December 31, 2022 was insignificant. During the second quarter of 2023, the Group acquired remaining 20% for the amount of 304. RealWeb During December 2022, the Group completed a series of transactions related to the acquisition of subsidiaries of RealWeb group. In the middle of December 2022, the Group obtained control over the RealWeb business. As a result, the Group owns 79% of the business. The acquisition has been accounted for using the acquisition method. Pre-existing relationships between the Group and RealWeb were not significant. RealWeb is a leading full-cycle digital marketing service provider in Russia, which provides context and media advertising management services, social network presence, programmatic, CPA and mobile marketing type of services. The transaction allows the Group to attain leading positions in the growing advertising and digital marketing business segments based on RealWeb’s expertise and to further diversify the Group’s product portfolio. The consideration transferred to the seller comprised cash only and amounted to 1,773. The fair value of the identifiable assets and liabilities as of the date of the acquisition was: Net assets acquired: Fair value Intangible assets 1,163 Software 792 Trademarks 371 Trade and other receivables 3,248 Cash and cash equivalents 3,089 Other assets 116 Deferred tax (123) Trade and other payables (6,140) Other liabilities (273) Total identifiable net assets at fair value 1,080 Group’s share of net assets acquired (79%) 849 Goodwill arising on acquisition 924 The Group applied the relief-from-royalty method to determine the fair value of the trademarks and replacement cost approach to determine the fair value of the software. The significant assumptions used to estimate the fair value of the trademarks are the forecasted revenue growth rates, royalty rate and discount rate. The significant assumptions used to estimate the fair value of the software are the number of staff hours required to develop the software and the related personnel cost. The Goodwill calculated as the difference between the Group’s share of the fair value of the identifiable net assets acquired in the business combination and the consideration paid amounted to 924 and related to the expected synergy with the Group’s existing business. Goodwill was allocated to the new CGU RealWeb. None of the goodwill recognised is expected to be deductible for the income tax purposes. 6. Acquisitions, disposals and discontinued operations (continued) RealWeb (continued) Revenue of RealWeb business from the acquisition date to December 31, 2022, amounted to 981 and the net profit was insignificant. The management of the Group does not provide the information regarding revenue and profit or loss of the combined entity for the year 2022 as though the acquisition happened on January 1, 2022, due to the fact that RealWeb had no financial statements prepared in accordance with IFRS and therefore preparation of such disclosure would have been impractical. Analysis of cash flows on acquisition: Amount Cash paid (1,773) Net cash acquired with the subsidiaries 3,089 Total cash acquired in business combination 1,316 Investment in associate At the end of September, 2022, the Group acquired a minority stake in a fintech company (Note 5, Note 15) that provides financial services for underbanked customers in Middle East and North Africa region. The transaction is in line with the management plans for an expansion to the international fintech markets. Also, as part of the deal, the Group obtained for free the option to increase its stake in the future, valid until the end of August 2024. The Group recognizes this investment as an associate and accounts for it under the equity method, given the Group has call option and representation on the board of directors of the associate. The transaction was financed within the Group’s available cash. As part of the deal, the Group obtained for free the option to increase its stake in the future up to 26% on favorable conditions until the end of April 2024. The consideration measured at fair values was made by the following: Cash consideration transferred ($11 million) 660 Fair value of option received from associate (333) Total consideration 327 Cash consideration has been paid in full as of the reporting date. The fair value of the identifiable assets and liabilities as of the date of acquisition was: Net assets acquired: Fair value Intangible assets 408 Accounts receivable 610 Cash and cash equivalents 603 Other assets 25 Debt (512) Trade and other payables (204) Other liabilities (57) Total identifiable net assets at fair value 873 Group’s share of net assets acquired (9.9%) 86 Goodwill arising on acquisition 241 6. Acquisitions, disposals and discontinued operations (continued) Investment in associate (continued) Goodwill related to the associate amounted to 241 and is included in the carrying amount of the investment in associate. At the end of June 2023, the Group acquired an additional share of 3.2% for a cash consideration 315 and recognized additional goodwill of 308. 2021 Tochka sale During third quarter 2021, the Group has completed the sale of its 40% stake (45% economic interest) in the capital of its associate company, Tochka to a third party. The result of disposal is presented below: Fixed amount 4,947 Amount contingent on Tochka’s earnings for the year 2021 4,647 Dividends received from associate* 532 Carrying amount of disposed investment (1,949) Total gain on disposal 8,177 * Receiving the Dividends was the substantial condition of the transaction and treated as part of the price. Dividends were received after the Group has ceased to apply equity accounting for the associate. Dividends and fixed amount of cash consideration were received during the third quarter of 2021. Contingent part was received in second quarter of 2022 in the amount of 4,855.

Operating segments

Operating segments	12 Months Ended
Operating segments	Dec. 31, 2023
Operating segments
Operating segments	7. Operating segments The Chief executive officer (CEO) of the Group is considered as the chief operating decision maker of the Group (CODM). In reviewing the operational performance of the Group and allocating resources, the CODM reviews selected items of each segment’s consolidated statement of comprehensive income. In determining that the CODM was the CEO, the Group considered their responsibilities as well as the following factors: - The CEO determines compensation of other executive officers while the Group’s board of directors approves corporate key performance indicators (KPIs) and total bonus pool for those executive officers. In case of underperformance of corporate KPIs a right to make a final decision on bonus pool distribution is left with the Board of directors (BOD); - The CEO is actively involved in the operations of the Group and regularly chairs meetings on key projects of the Group; and - The CEO regularly reviews the financial and operational reports of the Group. These reports primarily include segment net revenue, segment profit before tax and segment net profit for the Group as well as certain operational data. The financial data is presented on a combined basis for all key subsidiaries and associates representing the segment net revenue, segment profit before tax and segment net profit, which are the metrics the Group uses to measure the performance of its operating segments. Segment net revenue is a measure of profitability defined as the segment revenues less segment direct revenue-related costs. The Group does not monitor balances of assets and liabilities by segment as the CODM considers they have no impact on decision-making. 7. Operating segments (continued) The Group has identified its operating segments based on the types of products and services the Group offers. The CODM reviews segment net revenue, segment profit before tax and segment net profit separately for each reportable segment. - Payment Services (PS) is the operating segment that generates revenue through operations of the payment processing system offered to the Group’s customers through a diverse range of channels and interfaces. - Digital Marketing (DM) is the operating segment that generates revenue through providing context and media advertising management services, including platform services under subscription, social network presence, programmatic, CPA and mobile marketing type of services. After RealWeb acquisition in December 2022 (note 6), DM segment exceeds the quantitative thresholds, thus became reportable. Results of DM segment were previously presented in Corporate and Other category. For the purpose of management reporting, expenses related to corporate back-office operations were not allocated to any operating segment and are presented separately to the CODM. Results of other operating segments and corporate expenses are included in Corporate and Other (CO) category for the purpose of segment reporting. Management reporting is different from IFRS, because it does not include certain IFRS adjustments, which are not analyzed by the CODM in assessing the operating performance of the business. The adjustments affect such major areas as share-based payments, the effect of disposal of subsidiaries and fair value adjustments, such as amortization and impairment, as well as non-recurring items that occur from time to time and are evaluated for adjustment as and when they occur. The tax effect of these adjustments is also excluded from management reporting. The segments’ consolidated statement of comprehensive income for the year ended December 31, 2023, as presented to the CODM are presented below: 2023 PS DM CO Total Segment net revenue 27,653 4,283 3,916 35,852 Segment profit/(loss) before tax 14,962 1,173 2,558 18,693 Segment net profit/(loss) 11,944 1,017 2,306 15,267 The segments’ consolidated statement of comprehensive income for the year ended December 31, 2022, as presented to the CODM are presented below: 2022 PS DM CO Total Segment net revenue 30,103 815 3,219 34,137 Segment profit/(loss) before tax 20,036 116 (1,643) 18,509 Segment net profit/(loss) 15,799 128 (1,931) 13,996 The segments’ consolidated statement of comprehensive income for the year ended December 31, 2021, as presented to the CODM are presented below: 2021 PS DM CO Total Segment net revenue 21,100 611 1,402 23,113 Segment profit/(loss) before tax 13,832 (23) (1,097) 12,712 Segment net profit/(loss) 10,971 (47) (1,330) 9,594 7. Operating segments (continued) Segment net revenue, as presented to the CODM, for the years ended December 31, 2021, 2022 and 2023 is calculated by subtracting cost of revenue from revenue as presented in the table below: 2021 2022 2023 Revenue from continuing operations under IFRS 2,064 4,214 7,205 Cost of revenue from continuing operations (1,076) (2,690) (4,355) Revenue from discontinued operations (Note 6) 39,071 47,288 64,115 Cost of revenue from discontinuing operations (Note 6) (16,946) (14,675) (31,113) Total segments net revenue, as presented to CODM 23,113 34,137 35,852 A reconciliation of segment profit before tax as presented to the CODM to IFRS consolidated profit before tax of the Group, for the years ended December 31, 2021, 2022 and 2023 is presented below: 2021 2022 2023 Consolidated profit/(loss) before tax from continuing operations under IFRS 8,230 (1,192) 2,647 Consolidated profit before tax from discontinued operations under IFRS (Note 6) 12,386 19,376 2,298 Gain on disposal of an associate (8,177) — — Fair value adjustments and their amortization 241 219 (253) Gain on disposal of subsidiary — — (407) Impairment of non-current assets 24 47 14,408 Share-based payments 8 59 — Total segment profit before tax, as presented to CODM 12,712 18,509 18,693 A reconciliation of segment net profit as presented to the CODM to IFRS consolidated net profit of the Group, for the years ended December 31, 2021, 2022 and 2023 is presented below: 2021 2022 2023 Consolidated net profit/(loss) from continuing operations under IFRS 7,740 (1,736) 2,387 Consolidated net profit from discontinued operations under IFRS (Note 6) 9,796 15,491 689 Gain on disposal of an associate (8,177) — — Fair value adjustments and their amortization 241 219 (253) Gain on disposal of subsidiary — — (407) Impairment of non-current assets 24 47 14,408 Share-based payments 8 59 — Effect from taxation of the above items (38) (84) (1,557) Total segment net profit, as presented to CODM 9,594 13,996 15,267 7. Geographic information Revenues from external customers from continuing and discontinued operations are presented below: 2021 2022 2023 Continuing operations CIS 1,647 2,401 3,054 EU 288 690 1,408 US and Canada 54 404 1,289 Other 75 719 1,454 Total revenue from continuing operations 2,064 4,214 7,205 Discontinued operations Russia 36,988 45,765 58,602 Other 2,083 1,523 5,513 Total revenue from discontinued operations 39,071 47,288 64,115 Revenue is recognized according to merchants’ or consumers’ geographic place. The majority of the Group’s non-current assets are located in Russia and classified as assets held for sale as at December 31, 2023. The Group had no any single external customer amounting to 10% or greater of the Group’s revenue for the years ended December 31, 2023 and December 31, 2022 (The Group had only one external customer where revenue exceeded 10% of the Group’s total 16.3% for the year ended December 31, 2021. This revenue was generated within the PS segment). Disaggregated revenue information Disaggregation of revenues from contracts with customers from continuing and discontinued operations are presented below: 2023 PS DM CO Total Payment processing fees 32,758 — — 32,758 Cash and settlement service fees 3,021 — 26 3,047 Platform and marketing services related fees 126 22,418 — 22,544 Fees for guarantees issued 13 — 1,831 1,844 Other revenue 419 183 82 684 Total revenue from contracts with customers 36,337 22,601 1,939 60,877 Revenue from continuing operations 6,517 Revenue from discontinued operations (Note6) 54,360 2022 PS DM CO Total Payment processing fees 37,689 — — 37,689 Cash and settlement service fees 1,299 — 79 1,378 Platform and marketing services related fees 119 1,936 — 2,055 Fees for guarantees issued 17 — 1,506 1,523 Other revenue 374 — 33 407 Total revenue from contracts with customers 39,498 1,936 1,618 43,052 Revenue from continuing operations 4,004 Revenue from discontinued operations (Note6) 39,048 7. Operating segments (continued) Disaggregated revenue information (continued) 2021 PS DM CO Total Payment processing fees 33,397 — — 33,397 Cash and settlement service fees 114 — 386 500 Platform and marketing services related fees 145 813 — 958 Fees for guarantees issued 20 — 703 723 Other revenue 322 — 11 333 Total revenue from contracts with customers 33,998 813 1,100 35,911 Revenue from continuing operations 1,876 Revenue from discontinued operations (Note6) 34,035 Continuing operations consist primarily of the Payment Services segment

Earnings per share

Earnings per share	12 Months Ended
Earnings per share	Dec. 31, 2023
Earnings per share
Earnings per share	8. Earnings per share Basic earnings per share amounts are calculated by dividing net profit for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Diluted earnings per share amounts are calculated by dividing the net profit attributable to ordinary equity holders of the parent adjusted for the effect of any potential share exercise by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares. The following reflects the income and share data used in basic and diluted earnings per share computations for the years ended December 31: 2021 2022 2023 Profit/(Loss) attributable to ordinary equity holders of the parent: Continuing operations 7,740 (1,736) 2,387 Discontinued operations 9,659 14,855 381 Net profit attributable to ordinary equity holders of the parent for basic and diluted earnings 17,399 13,119 2,768 Weighted average number of ordinary shares for basic earnings per share 62,433,524 62,619,727 62,712,975 Effect of share-based payments 20,482 — — Weighted average number of ordinary shares for diluted earnings per share 62,454,006 62,619,727 62,712,975 There have been no other transactions involving ordinary shares or potential ordinary shares between the reporting date and the date of completion of these financial statements.

Intangible assets

Intangible assets	12 Months Ended
Intangible assets	Dec. 31, 2023
Intangible assets
Intangible assets	9. Intangible assets Advances for Customer Computer Trade marks intangibles, CIP Cost: Goodwill relationships Licenses Software and brands and others Total Balance as of December 31, 2021 7,084 5,485 183 1,473 248 155 14,628 Additions — — — 111 — 123 234 Additions from business combinations 1,508 201 — 896 380 — 2,985 Transfer between groups — — — 37 — (37) — Disposals — — — (109) — (49) (158) Balance as of December 31, 2022 8,592 5,686 183 2,408 628 192 17,689 Additions — — — 277 — 44 321 Additions from business combinations 132 — — 6 — 12 150 Transfer between groups — — — 102 — (102) — Disposals — — — (136) — (24) (160) Assets held for sale (8,724) (5,686) (183) (2,432) (623) (117) (17,765) Balance as of December 31, 2023 — — — 225 5 5 235 Accumulated Amortization: Balance as of December 31, 2021 — (2,990) — (883) (221) (33) (4,127) Amortization charge — (319) — (212) (5) (12) (548) Impairment — — — — — (47) (47) Disposals — — — 112 — 47 159 Balance as of December 31, 2022 — (3,309) — (983) (226) (45) (4,563) Amortization charge — (324) — (353) (41) (13) (731) Impairment (8,724) (2,053) (183) (1,395) (361) (79) (12,795) Disposals — — — 163 — 17 180 Assets held for sale 8,724 5,686 183 2,432 623 117 17,765 Balance as of December 31, 2023 — — — (136) (5) (3) (144) Net book value As of December 31, 2021 7,084 2,495 183 590 27 122 10,501 As of December 31, 2022 8,592 2,377 183 1,425 402 147 13,126 As of December 31, 2023 — — — 89 — 2 91 As of December 31, 2023, the gross book value of fully amortized intangible assets equals 5 (2022 - 929).

Long-term and short-term loans

Long-term and short-term loans issued	12 Months Ended
Long-term and short-term loans issued	Dec. 31, 2023
Long-term and short-term loans issued
Long-term and short-term loans issued	10. Long-term and short-term loans issued As of December 31, 2023, long-term and short-term loans issued consisted of the following: Total as of Net as of December 31, Expected credit December 31, 2023 loss allowance 2023 Long-term loans Convertible loan (Note 28) 4,205 — 4,205 Total long-term loans 4,205 — 4,205 Short-term loans Loans to legal entities, including SME 9 (9) — Loans to individuals 373 (164) 209 Total short-term loans 382 (173) 209 The Convertible loan is denominated in Euro. The Group’s loans to individuals are denominated in Russian rubles. As of December 31, 2022, long-term and short-term loans consisted of the following: Total as of Net as of December 31, Expected credit December 31, 2022 loss allowance 2022 Long-term loans Loans to legal entities, including SME 871 (28) 843 Total long-term loans 871 (28) 843 Short-term loans Factoring loans 12,668 (100) 12,568 Loans to legal entities, including SME 1,840 (254) 1,586 Loans to individuals 85 (39) 46 Total short-term loans 14,593 (393) 14,200 The following table contains an analysis of the credit risk exposure of loans issued and for which an ECL allowance is recognised. The Group has no internal grading system of loans issued and uses their overdue status for credit risk analysis. The carrying amount of loans issued to customers below also represents the Group’s maximum exposure to credit risk on these loans. As of December 31, 2023 As of December 31, 2022 Gross Gross amount ECL amount ECL Not overdue Stage 1 134 (3) 14,860 (22) Up to 30 days overdue 41 (4) 112 (2) 30-60 days overdue Stage 2 23 (3) 180 (118) 60-90 days overdue 27 (6) 18 (2) 90+ days overdue Stage 3 157 (157) 294 (277) Total 382 (173) 15,464 (421) Loans issued within the factoring scheme are collateralized with the accounts receivable of the debtor in full amount. The other loans issued are not collateralized. 10. Long-term and short-term loans issued (continued) An analysis of the changes in the ECL allowances due to changes in corresponding gross carrying amounts for the year ended December 31, 2023, was the following: Stage 1 Stage 2 Stage 3 Total Collective Collective ECL allowance as of January 1, 2023 (24) (120) (277) (421) Changes because of financial instruments (originated or acquired)/derecognized during the reporting period (182) 65 (402) (519) Transfers between stages 122 (2) (120) — Amounts written off — — 84 84 Assets held for sale 77 48 558 683 ECL allowance as of December 31, 2023 (7) (9) (157) (173) An analysis of the changes in the ECL allowances due to changes in corresponding gross carrying amounts for the year ended December 31, 2022, was the following: Stage 1 Stage 2 Stage 3 Total Collective ECL allowance as of January 1, 2022 (34) (5) (53) (92) Changes because of financial instruments (originated or acquired)/derecognized during the reporting period — (112) (228) (340) Transfers between stages 10 (3) (7) — Amounts written off — — 11 11 ECL allowance as of December 31, 2022 (24) (120) (277) (421) An analysis of the changes in the ECL allowances due to changes in corresponding gross carrying amounts for the year ended December 31, 2021, was the following: Stage 1 Stage 2 Stage 3 Total Collective ECL allowance as of January 1, 2021 (5) (1) (31) (37) Changes because of financial instruments (originated or acquired)/derecognized during the reporting period (29) (4) (30) (63) Transfers between stages — — — — Amounts written off — — 8 8 ECL allowance as of December 31, 2021 (34) (5) (53) (92)

Trade and other receivables

Trade and other receivables	12 Months Ended
Trade and other receivables	Dec. 31, 2023
Trade and other receivables
Trade and other receivables	11. Trade and other receivables As of December 31, 2023, trade and other receivables consisted of the following: Total as of Expected Net as of December 31, credit loss December 31, 2023 allowance 2023 Cash receivable from agents 695 (10) 685 Deposits issued to merchants 1,303 (40) 1,263 Other receivables 115 (26) 89 Total financial assets 2,113 (76) 2,037 Advances issued 43 — 43 Total trade and other receivables 2,156 (76) 2,080 As of December 31, 2022, trade and other receivables consisted of the following: Total as of Net as of December 31, Expected credit December 31, 2022 loss allowance 2022 Cash receivable from agents 4,385 (325) 4,060 Deposits issued to merchants 6,771 (15) 6,756 Receivables related to marketing activity 3,422 (20) 3,402 Receivables related to guarantees issued and exercised 686 (589) 97 Commissions receivable 394 (30) 364 Other receivables 226 (37) 189 Total financial assets 15,884 (1,016) 14,868 Advances issued 326 — 326 Total trade and other receivables 16,210 (1,016) 15,194 The amounts in the tables show the maximum exposure to credit risk regarding Trade and other receivables. An impairment analysis is performed at each reporting date using a provision matrix to measure expected credit losses. The provision rates are based on days past due for groupings of various customer segments with similar loss patterns. Set out below is the information about the credit risk exposure on the Group’s trade and other receivables (except for advances issued) using a provision matrix: December 31, 2022 Days past due Current and <30 days 30-60 days 61-90 days >91 days Total Expected credit loss rate 1.8 % 11 % 47 % 81 % Exposure at default 14,694 255 125 810 15,884 Expected credit loss (268) (29) (59) (660) (1,016) 11. Trade and other receivables (continued) An analysis of the changes in the ECL allowances due to changes in the corresponding gross carrying amounts for the years ended December 31 was the following: 2021 2022 2023 ECL allowance as of January 1, (284) (509) (1,016) Changes because of financial instruments (originated or acquired)/ derecognized during the reporting period (262) (603) (991) Amounts written off 37 96 216 Assets held for sale — — 1,715 ECL allowance as of December 31, (509) (1,016) (76) Receivables are non-interest bearing, except for agent receivables bearing, generally, interest rate of 20%-36% per annum and credit terms generally do not exceed 30 days. There is no requirement for collateral for customers to receive an overdraft.

Cash and cash equivalents

Cash and cash equivalents	12 Months Ended
Cash and cash equivalents	Dec. 31, 2023
Cash and cash equivalents
Cash and cash equivalents	12. Cash and cash equivalents As of December 31, 2023, and 2022, cash and cash equivalents consisted of the following: As of As of December 31, December 31, 2022 2023 Correspondent accounts with Central Bank of Russia (CBR) 3,025 — Сash with banks and on hand 9,833 1,529 Short-term CBR deposits 27,100 — Other short-term bank deposits 7,507 5,771 Less: Allowance for ECL (3) — Total cash and cash equivalents 47,462 7,300 The Group has no internal grading system of cash and cash equivalents for credit risk rating grades analysis. During the year 2022 International rating agencies withdrew all ratings from Russian banks and financial organizations. Credit quality of cash and cash equivalents based on scale of Russian rating agencies are summarized as follows: As of As of December 31, December 31, 2022 2023 Stage 1 Stage 1 Cash on hand 48 — Cash with CBR 30,136 — Cash with banks rated ruA- and above 9,461 6,000 Cash with banks rated ruB- and above 5,913 1,083 Cash with banks having no rating 1,907 217 Total 47,465 7,300 12. Cash and cash equivalents (continued) Cash with banks having no rating is represented by cash held with banks in such jurisdictions as Cyprus, Latvia and CIS. The amounts in the table show the maximum exposure to credit risk regarding cash and cash equivalents. The banks where cash is held were approved by the Board of Directors of the Group. The Group holds cash and cash equivalents in different currencies and therefore is exposed to foreign currency risk. For more details regarding foreign currency sensitivity and risk management refer to Note 27. As of As of December 31, December 31, 2022 2023 Russian ruble 39,980 862 Euro 735 2,519 US Dollar 2,230 2,594 Chinese Yuan 2,160 — Others 2,357 1,325 Total 47,462 7,300

Debt securities

Debt securities	12 Months Ended
Debt securities	Dec. 31, 2023
Debt securities
Debt securities	13. Debt securities The table below discloses investments in debt securities and term deposits by classes and its credit risk exposure as of December 31, 2023: As of December 31, 2023 Stage 1 Securities accounted at FVOCI Foreign 3,420 Deposits accounted at amortised cost Term 1,573 Total debt securities 4,993 The table below discloses investments in debt securities by classes and its credit risk exposure as of December 31, 2022: As of December 31, 2022 Stage 1 Stage 2 Total Securities accounted at FVOCI Foreign government bonds 1,021 — 1,021 Russian government bonds 5,632 — 5,632 Corporate bonds rated ruAA-and above 1,381 99 1,480 Corporate bonds rated ruA-and above 4,687 — 4,687 Securities accounted at amortised cost Russian government bonds 4,160 — 4,160 Credit loss allowance (5) — (5) Total debt securities 16,876 99 16,975 The Group has no internal grading system for debt securities’ credit risk rating grades analysis. During the year 2022 International rating agencies withdrew all ratings from Russian companies. Credit quality of debt securities presented is based on external scale of Russian rating agencies.

Other current assets and other

Other current assets and other current liabilities	12 Months Ended
Other current assets and other current liabilities	Dec. 31, 2023
Other current assets and other current liabilities
Other current assets and other current liabilities	14. Other current assets and other current liabilities 14.1 Other current assets As of December 31, 2023, and 2022, other current assets consisted of the following: As of As of December 31, December 31, 2022 2023 Other financial assets Reserves at CBR* 63 — Option received from associate (Note 6) 470 — Restricted cash accounts and payments 2,015 474 Less: Allowance for ECL (1,404) (474) Total other financial assets 1,144 — Other non-financial assets Prepaid expenses 191 105 Tax receivables 288 153 Costs of obtaining a contract 455 — Other 117 132 Total other current assets 2,195 390 * Banks are currently required to place mandatory reserves with the CBR to be held in non-interest bearing accounts. Such mandatory reserves are established by the CBR for liabilities in RUR and in foreign currency according to its monetary policy. The amount is excluded from cash and cash equivalents for the purposes of the consolidated statement of cash flows and does not have a repayment date . An analysis of the changes in the ECL allowances due to changes in the corresponding gross carrying amounts for the years ended December 31 was the following: 2022 2023 Stage 3 Stage 3 ECL allowance as of January 1, — (1,404) Changes because of financial instruments (originated or acquired)/ (1,404) 558 Translation reserve — (226) Amounts written off — 598 ECL allowance as of December 31, (1,404) (474) The Group has no internal grading system of other current financial assets for credit risk rating grades analysis. As of December 31, 2023, payments to partners in the amount of 474 were restricted due to the sanctions imposed on certain Russian banks (December 31, 2022 – 2,015). Restricted cash accounts and payments to partners fall under stage 3 of impairment. ECL for the restricted cash balances as at December 31, 2022 was assessed as a probability weighted outcome of three possible scenarios. 14. Other current assets and other current liabilities (continued) 14.2 As of December 31, 2023, and 2022, other current liabilities consisted of the following: As of As of December 31, December 31, 2022 2023 Contract liability related to guarantees issued 1,157 — Deferred income 131 108 Tax payable 913 46 Other 67 — Total other current liabilities 2,268 154

Investments in associates

Investments in associates	12 Months Ended
Investments in associates	Dec. 31, 2023
Investments in associates
Investments in associates	15. Investments in associates The following table illustrates the summarized financial information of the Group’s investment in associates: As of As of December 31, December 31, 2022 2023 Current assets, including cash and cash equivalents of 377 (2022 – 82) 750 1,177 Non-current assets 497 538 Current liabilities (342) (1,965) Non-current debt (281) (359) Equity 624 (609) Group’s share in equity 12.1% (2022 – 9.9%) 62 — Goodwill 241 479 Group’s carrying amount of the investment 303 479 2021 2022 2023 Revenue 4,296 165 1,635 Cost of revenue (333) (138) (1,262) Other income and expenses, net (3,264) (419) (2,510) including personnel expenses (1,853) (185) (1,027) including depreciation and amortization (168) (16) (97) Total net profit/(loss) 699 (392) (2,137) Group’s share of total net profit/(loss) 314 (39) (239) Gain from contribution to equity by other investors — — 92 Total share of profit/(loss) of an associate 314 (39) (147) Other comprehensive income — 163 58 Group’s share of other comprehensive income — 16 6

Share capital, additional paid-

Share capital, additional paid-in capital, share premium and other reserves	12 Months Ended
	Dec. 31, 2023
Share capital, additional paid-in capital, share premium and other reserves
Share capital, additional paid-in capital, share premium and other reserves	16. Share capital, additional paid-in capital, share premium and other reserves The Capital of the Company is divided into two classes. Each class A share has the right to ten votes at a meeting of shareholders and each class B share has the right to one vote at a meeting of shareholders. The class A shares and the class B shares have the right to an equal share in any dividend or other distribution the Company pays and have a nominal value of EUR 0.0005 each As of As of As of December 31, December 31, December 31, Authorised shares 2021 2022 2023 Thousands Thousands Thousands Ordinary Class A shares 127,914 127,914 127,914 Ordinary Class B shares 102,936 102,936 102,936 Total authorised shares 230,850 230,850 230,850 As of As of As of December 31, December 31, December 31, Issued and fully paid shares 2021 2022 2023 Thousands Thousands Thousands Ordinary Class A shares 10,414 10,414 10,414 Ordinary Class B shares 52,299 52,299 52,299 Total issued and fully paid shares 62,713 62,713 62,713 For the years ended December 31, 2023 and 2022 the movement of outstanding shares’ number was the following: Number Ordinary Ordinary of outstanding Class A shares Class B shares shares Thousands Thousands Thousands As of December 31, 2021 10,414 52,024 62,438 Increase of share capital due to exercise of options by employees during the year — 11 11 Share-based payments — 264 264 As of December 31, 2022 10,414 52,299 62,713 As of December 31, 2023 10,414 52,299 62,713 In case of liquidation, the Company’s assets remaining after settlement with creditors, payment of dividends and redemption of the par value of shares is distributed among the ordinary shareholders proportionately to the number of shares owned. The other reserves of the Group’s equity represent the financial effects from changes in equity settled share-based payments to employees, acquisitions and disposals, as well as other operations with non-controlling interests in the subsidiaries without loss of control.

Debt

Debt	12 Months Ended
Debt	Dec. 31, 2023
Debt
Debt	17. Debt As of December 31, 2023, and December 31, 2022, Group’s debt consisted of the following: Credit As of As of limit Effective December 31, December 31, (RUB) Interest rate Maturity 2022 2023 Current interest - bearing debt Bank’s credit facility 244 6.0 % January 17, 2024 — 248 Non-current interest - bearing debt Bonds issued 001P-01 series 5,000 9.3 % October 10, 2023 3,922 — Total debt 3,922 248 Including short-term portion 3,922 248 The table below sets out the movements in the Group’s debt for each of the periods presented: Proceeds Repayment/ Classified as Debt as of from issue of buy back of Interest Interest held for Debt as of January 1 debt debt expense paid sale December 31 2023 3,922 8,159 (3,846) 467 (292) (8,162) 248 2022 4,734 — (810) 360 (362) — 3,922

Trade and other payables

Trade and other payables	12 Months Ended
Trade and other payables	Dec. 31, 2023
Trade and other payables
Trade and other payables	18. Trade and other payables As of December 31, 2023 and 2022, the Group’s trade and other payables consisted of the following: As of As of December 31, December 31, 2022 2023 Payables to merchants 11,431 4,057 Money remittances and e-wallets accounts payable 8,807 — Deposits received from agents 3,415 439 Payables related to marketing activity 5,751 — Commissions payable 485 40 Accrued personnel expenses and related taxes 2,073 588 Other payables 1,086 424 Total trade and other payables 33,048 5,548

Customer accounts and amounts d

Customer accounts and amounts due to banks	12 Months Ended
Customer accounts and amounts due to banks	Dec. 31, 2023
Customer accounts and amounts due to banks
Customer accounts and amounts due to banks	19. Customer accounts and amounts due to banks As of December 31, 2023, and 2022, customer accounts and amounts due to banks relates to liabilities held for sale and consisted of the following: As of As of December 31, December 31, 2022 2023 Legal entities’ current/demand accounts 8,829 — Correspondent accounts of other banks 2,335 — Individuals’ current/demand accounts 39 — Total customer accounts and amounts due to banks 11,203 —

Revenue from contracts with cus

Revenue from contracts with customers	12 Months Ended
Revenue from contracts with customers	Dec. 31, 2023
Revenue from contracts with customers
Revenue from contracts with customers	20. Revenue from contracts with customers Revenue from contracts with customers from continuing operations for the years ended December 31 was as follows: 2021 2022 2023 Payment processing fees 1,718 3,865 6,332 Other revenue 158 139 185 Total revenue from contracts with customers 1,876 4,004 6,517 Revenue from contracts with customers from discontinued operations for the years ended December 31 was as follows: 2021 2022 2023 Payment processing fees 31,679 33,824 26,426 Platform and marketing services related fees 808 1,950 22,411 Fees for guarantees issued 723 1,523 1,844 Cash and settlement service fees 500 1,352 3,008 Other revenue 325 399 671 Total revenue from contracts with customers 34,035 39,048 54,360 For the purposes of consolidated cash flow statement, “Interest income, net” consists of the following: 2021 2022 2023 Interest revenue calculated using the effective interest rate (3,453) (6,764) (8,805) Interest expense classified as part of cost of revenue 505 454 500 Interest income and expenses from non-banking loans, net, classified separately in the consolidated statement of comprehensive income (92) (58) 26 Interest income, net, for the purposes of consolidated cash flow statement (3,040) (6,368) (8,279)

Cost of revenue

Cost of revenue	12 Months Ended
Cost of revenue	Dec. 31, 2023
Cost of revenue
Cost of revenue	21. Cost of revenue Cost of revenue from continuing operations for the years ended December 31 was as follows: 2021 2022 2023 Transaction costs 959 2,551 4,171 Other expenses 117 139 184 Total cost of revenue 1,076 2,690 4,355 Cost of revenue from discontinued operations for the years ended December 31 was as follows: 2021 2022 2023 Transaction costs 14,933 11,568 10,479 Platform and marketing services related expenses 112 1,035 18,343 Guarantees issued related expenses 380 725 831 Interest expense 505 454 500 Other expenses 1,016 893 960 Total cost of revenue 16,946 14,675 31,113

Selling, general and administra

Selling, general and administrative expenses	12 Months Ended
Selling, general and administrative expenses	Dec. 31, 2023
Selling, general and administrative expenses
Selling, general and administrative expenses	22. Selling, general and administrative expenses Selling, general and administrative expenses from continuing operations for the years ended December 31 were as follows: 2021 2022 2023 Advisory and audit services 758 522 563 Other expenses 82 165 360 Total selling, general and administrative expenses 840 687 923 Selling, general and administrative expenses from discontinued operations for the years ended December 31 were as follows: 2021 2022 2023 Advertising, client acquisition and related expenses 330 404 535 Tax expenses, except income and payroll related taxes 390 360 351 Advisory and audit services 216 274 387 Rent of premises 96 91 126 Expenses related to Tochka platform services 365 570 1,306 IT related services 380 367 429 Business travel and representative expenses 179 451 506 Other expenses 432 563 679 Total selling, general and administrative expenses 2,388 3,080 4,319

Dividends paid and proposed

Dividends paid and proposed	12 Months Ended
Dividends paid and proposed	Dec. 31, 2023
Dividends paid and proposed
Dividends paid and proposed	23. Dividends paid and proposed Dividends paid and proposed by the Group to the shareholders of the parent are presented below: 2021 2022 2023 Proposed, declared and approved during the year: 2023: no dividends — 2022: no dividends — 2021: Final dividend for 2020: U.S.$ 19,347,534 or U.S.$ 0.31 per share, Interim dividend for 2021: U.S.$ 51,197,062 or U.S.$ 0.82 per share 5,179 Paid during the period: 2023: no dividends — 2022: no dividends — 2021: Final dividend for 2020: U.S.$ 19,347,534 or U.S.$ 0.31 per share, Interim dividend for 2021: U.S.$ 51,197,062or U.S.$ 0.82 per share 5,211 Proposed for approval (not recognized as a liability as of December 31): 2023: no dividends — 2022: no dividends — 2021: no dividends — Dividends payable as of December 31 — — — The difference between paid and declared dividends represents foreign exchange movement

Income tax

Income tax	12 Months Ended
Income tax	Dec. 31, 2023
Income tax
Income tax	24. Income tax The Company is incorporated in Cyprus under the Cyprus Companies Law, but the business activity of the Group and joint ventures is subject to taxation in multiple jurisdictions, the most significant of which include: Cyprus The Company is subject to 12.5% corporate income tax applied to its worldwide income. On December 9, 2021, the Minister of Finance presented to parliament the proposed Cyprus budgetary plan for 2022 and envisaged fiscal policy plan for the next three-year period, including an outline of the government’s vision with respect to a possible reform of the Cyprus tax system. Specifically, an increase of the corporate income tax rate from 12.5% to 15% is envisaged, in line with the OECD Inclusive Framework’s Pillar Two agreement. The European Commission’s proposal indicates that the new rules should be transposed into domestic law by EU Member States by June 30, 2023. Once duly adopted, it is proposed to take effect from January 1, 2024. The Company is exempt from the special contribution to the Defense Fund on dividends received from abroad. In 2020 the Company obtained a written confirmation from the Cyprus tax authorities in the form of a tax ruling in which the Cyprus tax authorities accept in writing not to impose any deemed dividend distribution liability since the Company is a public entity and it is impossible to identify the final minor shareholders. The Russian Federation The Company’s subsidiaries incorporated in the Russian Federation are subject to corporate income tax at the standard rate of 20% applied to their taxable income and 15% applied to income received from Russian government bonds. The Protocol of September 8, 2020 effective from January 1, 2021 established a withholding tax rate of 15% in respect of interest and dividend income paid to Cyprus (though it provides for a number of exceptions where the lower rates of 5% or 0% are envisaged). The Company believes that it fulfills the conditions for application of the reduced 5% tax rate under the amended Russia-Cyprus Double Tax Treaty in respect of dividend income. Republic of Kazakhstan The Company’s subsidiary incorporated in Kazakhstan is subject to corporate income tax at the standard rate of 20% applied to its taxable income. 24. Income tax (continued) The major components of income tax expense for the years ended 31 December 2023, 2022 and 2021 are: 2021 2022 2023 Total tax expense Current income tax expense (178) (163) (262) Deferred tax benefit/(expense) (312) (381) 2 Income tax expense reported in the statement of profit or loss (490) (544) (260) Deferred income tax assets and liabilities, including assets and liabilities held for sale as of December 31, 2023 and 2022, relate to the following: Consolidated statement of Consolidated statement of financial position as of comprehensive income for the December 31 year ended 2022 2023 2022 2023 PL OCI PL OCI Intangible assets (716) 104 61 — 820 — Trade and other payables 493 406 230 — (87) — Trade and other receivables 6 106 (64) — 83 — Debt instruments — 143 (9) (52) 23 123 Tax loss carry forwards 3 26 (24) — 23 — Loans issued (33) 105 (25) — 138 — Lease obligations 43 86 (91) — 43 — Property and equipment (103) 150 37 — 253 — Taxes on unremitted earnings (1,122) (72) (257) — 1,050 — Other (210) (116) (127) — 91 — Net deferred income tax assets/ (liabilities) (1,639) 938 (269) (52) 2,437 123 including: Deferred tax assets 208 29 Deferred tax assets held for sale — 985 Deferred tax liabilities (1,847) (76) Deferred tax assets and liabilities are not offset because they do not relate to income taxes levied by the same tax authority on the same taxable entity. Reconciliation of deferred income tax asset/(liability), net: 2021 2022 2023 Deferred income tax asset/(liability), net as of January 1 (952) (1,139) (1,639) Effect of business combinations — (179) 17 Deferred tax benefit/(expense) (187) (321) 2,560 Deferred tax assets held for sale — — (985) Deferred income tax asset/(liability), net as of December 31 (1,139) (1,639) (47) As of December 31, 2023 the Group does not intend to distribute a portion of its accumulated unremitted earnings in the amount of 92 (2022 – 18,303). The amount of tax that the Group would pay to distribute them would be 5 (2022 - 915). Unremitted earnings include all earnings that were recognized by the Group’s subsidiaries and that are expected to be distributed to the holding company. 24. Income tax (continued) Theoretical and actual income tax expense, including tax expense from discontinued operations is reconciled as follows: 2021 2022 2023 Profit/(Loss) before tax from continuing operations 8,230 (1,192) 2,647 Profit before tax from discontinued operations 12,386 19,376 2,298 Accounting profit before tax 20,616 18,184 4,945 Theoretical income tax expense at the domestic rate in each individual jurisdiction (3,464) (3,799) (862) Windfall tax — — (449) (Increase)/decrease resulting from the tax effect of: Non-taxable income 1,098 82 147 Non-deductible expenses (319) (335) (1,510) Taxes on unremitted earnings (338) (373) 825 Unrecognized deferred tax assets (57) (4) (20) Total income tax expense (3,080) (4,429) (1,869) Income tax attributable to continuing operations (490) (544) (260) Income tax attributable to discontinued operations (2,590) (3,885) (1,609) During the year ended December 31, 2023 the Group did not recognize deferred tax assets related to the tax loss carry forward in the amount of 20 (2022 - 4, 2021 – 57) because the Group did not believe that the realization of the related deferred tax assets is probable.

Commitments, contingencies and

Commitments, contingencies and operating risks	12 Months Ended
Commitments, contingencies and operating risks	Dec. 31, 2023
Commitments, contingencies and operating risks
Commitments, contingencies and operating risks	25. Commitments, contingencies and operating risks Operating environment The Ukraine crisis and the overall global economic trends with the post-COVID repercussions increased the volume of global inflation and the rise in commodity and mineral prices, and this prompted the interest rate hike in several stages by the US Federal Reserve to reduce the value of the global inflation, which led to a rise in interest rates globally. Ultimately, the introduced measures against inflation lead to a decrease in consumption and may negatively affect the results of the Group’s business operations. The Kazakhstan economy has been adversely affected by the global financial and economic crises in the past and could be adversely affected by market downturns and economic crises or slowdowns elsewhere in the world in the future. In particular, past disruptions in the global financial markets have had a severe impact on the liquidity of Kazakhstan entities, the availability of credit and the terms and cost of domestic and external funding for Kazakhstan entities. This could adversely influence customer demand for various services, including those provided by and through the Group. As has happened in the past, financial events such as significant depreciation of the tenge, capital outflows and a deterioration in other leading economic indicators or an increase in the perceived risks associated with investing in emerging economies due to, among other things, geopolitical disputes, such as the military conflict between Russia and Ukraine, and imposition of certain trade and economic sanctions in connection therewith, could dampen foreign investment in Kazakhstan and adversely affect the Kazakhstan economy. In addition, during such times, businesses that operate in emerging markets can face severe liquidity constraints as funding. These developments and adverse changes arising from systemic risks in global financial systems, including any tightening of the credit environment or a decline in oil, gas or other commodities prices, could slow or disrupt the Kazakhstan economy and adversely affect the Group’s business, financial condition and results of operations. In addition to Kazakhstan, the Group have operations in UAE and other emerging markets. In many respects, the risks the Group faces in operating in payment business in emerging markets are similar to those in Kazakhstanas set out above. As is typical of an emerging market, such countries do not possess a well-developed business, legal and regulatory infrastructure and may experience substantial political, economic and social change. The Group’s business in emerging markets is subject to specific laws, regulations and inspections including with respect to tax, anti-corruption, and foreign exchange controls. Such laws are often rapidly changing and are unpredictable, as these countries continue to develop its regulatory framework. Any new laws that may be introduced may significantly affect the regulatory environment in those countries which, in turn, may impact the Group’s operations there and impose additional regulatory compliance burden on the Group. 25. Commitments, contingencies and operating risks (continued) Taxation Tax, currency and customs legislation in countries of the Group’s presence is subject to varying interpretations, and changes, which can occur frequently. There can be no assurance that the CIS countries’ (specifically, Kazakhstan) tax legislation will not be changed in the future in a manner adverse to the stability and predictability of the CIS countries’ tax system. These factors, together with the potential for state budget deficits, raise the risk of the imposition of additional taxes on the Group. The introduction of new taxes or amendments to current taxation rules may have a substantial impact on the overall amount of the Group’s tax liabilities. Recent events within the Kazakhstan suggest that the tax authorities are taking a more assertive position in their interpretation of the legislation and assessments and as a result, it is possible that transactions and activities that have not been challenged in the past may be challenged. As such, significant additional taxes, penalties and interest may be assessed. Fiscal periods remain open to review by the authorities in respect of taxes for three calendar years preceding the year of review. Under certain circumstances reviews may cover longer periods. There is no assurance that it would not be required to make substantially larger tax payments in the future, which may adversely affect the Group’s business, financial condition and results of operations. Risk assessment The Group’s management believes that its interpretation of the relevant legislation is appropriate and is in accordance with the current industry practice and that the Group’s currency, customs, tax and other regulatory positions will be sustained. However, the interpretations of the relevant authorities could differ and the maximum effect of additional losses, if the authorities were successful in enforcing their different interpretations, could be significant, and amount up to RUB 0.9 billion, as assessed by the Group as of December 31, 2023 (RUB 2.2 billion as of December 31, 2022). Legal proceedings In the ordinary course of business, the Group is subject to legal actions and complaints. Management does not believe that the ultimate liability, if any, arising from such actions or complaints will have a material adverse effect on the financial condition or the results of future operations of the Group. Following the disclosure of the restrictions imposed by the CBR on the Group in December 2020, QIWI plc and certain of its current and former executive officers have been named as defendants in a putative class action filed in the United States. These lawsuits allege that the defendants made certain false or misleading statements that were supposedly revealed when the CBR audit results and restrictions were disclosed in December 2020, which the plaintiffs perceive as a violation of Sections 10(b) and 20(a) of the 1934 Securities Exchange Act, and seek damages and other relief based upon such allegations. Management believes that these lawsuits are without merit and intends to defend against them vigorously, and expects to incur certain costs associated with defending against these actions. At this early stage of the litigations, the ultimate outcomes are uncertain and management cannot reasonably predict the timing or outcomes, or estimate the amount of loss, if any, or their effect, if any, on the Group’s consolidated financial statements. Any negative outcome could result in payments of substantial monetary damages and accordingly the Group’s business could be seriously harmed.

Balances and transactions with

Balances and transactions with related parties	12 Months Ended
Balances and transactions with related parties	Dec. 31, 2023
Balances and transactions with related parties
Balances and transactions with related parties	26. Balances and transactions with related parties The following table provides the total amount of transactions that have been entered into with related parties during the years ended December 31, 2023 and 2022, as well as balances with related parties as of December 31, 2023 and December 31, 2022: For the year ended December 31, 2023 As of December 31, 2023 Purchases/ Amounts Amounts Sales to/ expenses owed by owed to income from from related related related related parties parties parties parties Associates 111 — 537 (39) Key management personnel — (467) — (328) Other related parties 22 (54) — (48) For the year ended December 31, 2022 As of December 31, 2022 Purchases/ Amounts Amounts Sales to/ expenses owed by owed to income from from related related related related parties parties parties parties Associates 3 — — (3) Key management personnel — (429) — (244) Other related parties 7 (71) 101 (11) Benefits of key management and Board of Directors for the year ended December 31, 2023 comprise short-term benefits of 311, benefits under long-term incentive programs of 156 (336 and 53, respectively, and share-based payments of 40 - for the year 2022, 307/nil/nil - for the year 2021).

Risk management

Risk management	12 Months Ended
Risk management	Dec. 31, 2023
Risk management
Risk management	27. Risk management The main risks that could adversely affect the Group’s financial assets, liabilities or future cash flows are foreign exchange risk, liquidity and credit risk. Management reviews and approves policies for managing each of the risks which are summarized below. Foreign exchange risk Foreign exchange risk is the risk that fluctuations in exchange rates will adversely affect items in the Group’s consolidated statement of comprehensive income, statement of financial position and/or cash flows. Foreign currency denominated assets and liabilities give rise to foreign exchange exposure. Foreign currency sensitivity The following table demonstrates the sensitivity to a reasonably possible change in the US Dollar and Euro exchange rates against the Ruble, with all other variables held constant. The impact on the Group’s profit before tax is due to changes in the carrying amount of monetary assets and liabilities denominated in US Dollars, Euro and Rubles when these currencies are not functional currencies of the respective Group subsidiaries. The Group’s continuing operations exposure to foreign currency changes for all other currencies is not material. change in the Effect on profit before tax exchange rate Gain/(loss) 2023 USD +10% 304 -10% (304) EUR +10% 543 -10% (543) 2022 USD +10% 263 -10% (263) Liquidity risk and capital management Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities. The Group seeks to maintain a stable funding base primarily consisting of agents’ deposits and debt. The deposits received from agents are due on demand, but are usually offset against future payments processed through agents. The Group expects that agents’ deposits will continue to be offset against future payments and not be called by the agents. The Group has sufficient cash balances and keeps it in diversified portfolios of liquid instruments such as foreign government bonds, overnight placements in high-rated commercial banks, in order to be able to respond timely and steadily to unforeseen liquidity requirements. The Group had a Bank as a subsidiary in its structure. According to CBR requirements, a bank’s capital calculated based on CBR instruction should be not less than certain portion of its risk-adjusted assets. As of December 31, 2023, QIWI Bank JSC’s capital ratio is above the minimal level required of 8%. The Group monitors the fulfillment of requirements on a daily basis and sends the reports to CBR on a monthly basis. As of the years ended December 31, 2023 and 2022 QIWI Bank JSC met the capital adequacy requirements. The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. Capital includes share capital, share premium, additional paid-in capital, other reserves and translation reserve. To maintain or adjust the capital structure, the Group may make dividend payments to shareholders or issue new shares. The table below summarizes the maturity profile of the Group’s financial liabilities based on contractual undiscounted payments. Due: Within a More than a Total On demand year year Debt 248 — 248 — Lease liabilities 34 — 26 8 Trade and other payables 5,548 5,548 — — Total as of December 31, 2023 5,830 5,548 274 8 27. Risk management (continued) Liquidity risk and capital management (continued) Due: Within a More than a Total On demand year year Debt 4,251 — 4,251 — Lease liabilities 472 — 317 155 Trade and other payables 33,048 33,048 — — Customer accounts and amounts due to banks 11,203 11,203 — — Financial guarantees 1,000 — 500 500 Undrawn credit commitments 1,618 1,618 — — Total as of December 31, 2022 51,592 45,869 5,068 655 Credit risk Financial assets of the Group, which potentially subject it to credit risk, comprise principally trade receivables, loans issued, cash and debt securities. The Group sells services on a prepayment basis or ensures that its receivables are from large merchants and agents with sufficient and appropriate credit history. The Group’s receivables from merchants and others, except for agents, are generally non-interest-bearing and do not require collateral. Receivables from agents are interest-bearing and unsecured. The Group holds cash primarily with reputable international banks, which management considers having minimal risk of default. Debt securities include foreign government bonds. The Group evaluates the concentration of risk with respect to trade and other receivables on a regular basis. The customers are located in several jurisdictions and industries and operate in largely independent markets. The table below demonstrates the largest counterparties’ balances, as a percentage of respective totals: Trade and other receivables As of December 31, As of December 31, 2022 2023 Concentration of credit risks by main counterparties, % from total amount Top 5 counterparties 31 % 46 % Others 69 % 54 % The management established a credit committee that develops and approves general principles for lending and takes special measures to mitigate credit risk such as a reduction of the credit limits for unreliable clients and more advanced scoring models for the new borrowers. See Note 10 for the carrying amount of loans issued and the maximum amount exposed to the credit risk for this type of assets. The calculation of ECLs incorporates forward-looking information. The Group performs historical analysis and identifies the key economic variables impacting credit risk and ECLs for each portfolio. The impact of these economic variables on the ECL is determined by performing statistical regression analysis in order to understand the way how changes in these variables historically impacted default rates. Having performed this analysis, management believes that such forward-looking information does not significantly affect the amount of ECLs recognized in the consolidated financial statements. Market risk The Group is exposed to market risks by holding the trading portfolio of bonds. The market risk management is aimed to keep the level of market risk assumed by the Group in accordance with the Group’s strategy. The Group manages its market risks both on a portfolio and individual basis. The most commonly used tools are VAR (value at risk) and stop-loss limits, which are set by the Group’s risk appetite and Group’s portfolio investment guidelines approved by the BOD. 27. Risk management (continued) Market risk (continued) An analysis of the sensitivity of changes in the fair value of financial instruments at fair value through other comprehensive income due to changes in the interest rates, based on positions existing as of December 31, 2023 and 2022 and a simplified scenario of a 100 bp symmetrical fall or rise in all yield curves, is as follows: Other comprehensive income/(loss) As of December 31, As of December 31, 2022 2023 100 bp rise of interest rate (242) (9) 100 bp fall of interest rate 242 9

Financial instruments

Financial instruments	12 Months Ended
Financial instruments	Dec. 31, 2023
Financial instruments
Financial instruments	28. Financial instruments The Group’s principal financial instruments comprise loans receivable, trade and other receivables, customer accounts and amounts due to banks, trade and other payables, cash and cash equivalents, long- and short-term debt instruments and reserves at CBR. The Group has various financial assets and liabilities which arise directly from its operations. The fair value of the Group’s financial instruments as of December 31, 2023 is presented by type of the financial instrument in the table below: As of December 31, 2023 Carrying Fair Carrying Fair Carrying Fair amount value amount value amount value Financial assets Ongoing Held for sale Total Debt securities and deposits AC 1,573 1,573 5,108 4,734 6,681 6,307 Debt securities FVOCI 3,420 3,420 26,232 26,232 29,652 29,652 Long-term loans AC — — 518 518 518 518 Long-term loans FVPL 4,205 4,205 — — 4,205 4,205 Financial liabilities Bonds issued AC — — 8,162 8,203 8,162 8,203 The fair value of the Group’s financial instruments as of December 31, 2022 is presented by type of the financial instrument in the table below: As of December 31, 2022 Carrying Fair amount value Financial assets Debt securities and deposits AC 4,155 4,131 Debt securities FVOCI 12,820 12,820 Long-term loans AC 822 822 Long-term loans FVPL 21 21 Option received from associate FVPL 470 470 Financial liabilities Bonds issued AC 3,922 3,887 28. Financial instruments (continued) Financial instruments used by the Group are included in one of the following categories: - AC – accounted at amortized cost; - FVOCI – accounted at fair value through other comprehensive income; - FVPL – accounted at fair value through profit or loss. Carrying amounts of cash and cash equivalents, short-term loans issued, short-term deposits placed, debt, accounts receivable and payable, reserves at CBR, lease liabilities, customer accounts and amounts due to banks approximate their fair values largely due to short-term maturities of these instruments. Debt securities of the Group mostly consist of government and high-quality corporate bonds with interest rate are 0% - 12.33% and maturity up to January 2037. Long-term loans accounted at amortized cost generally represent RUB-denominated loans to Russian legal entities and have a maturity up to three years. For the purpose of fair value measurement of these loans the Group uses comparable market interest rates which range between 11 and 28%. Long-term loans accounted at fair value through profit or loss comprised EUR-denominated convertible loan to the venture company with the maturity up to three years and nominal interest rate of 0.5%. The gain from revaluation of the convertible loan for the year 2023 amounted to 1,227 and was recognized within other income and expense line. 28. Financial instruments (continued) The following table provides the fair value measurement hierarchy of the Group’s financial instruments to be accounted for or disclosed at fair value: Fair value measurement using Quoted prices Significant Significant in active observable unobservable markets inputs inputs Date of valuation Total (Level 1) (Level 2) (Level 3) Assets accounted at fair value through profit or loss Long-term loans December 31, 2023 4,205 — — 4,205 Assets accounted at fair value through other comprehensive income Debt securities December 31, 2023 29,652 29,652 — — Assets for which fair values are disclosed Debt securities and deposits December 31, 2023 6,307 6,307 — — Long-term loans December 31, 2023 518 — — 518 Liabilities for which fair values are disclosed Bonds issued December 31, 2023 8,203 8,203 — — Assets accounted at fair value through profit or loss Long-term loans December 31, 2022 21 — — 21 Option received from associate December 31, 2022 470 — — 470 Assets accounted at fair value through other comprehensive income Debt securities December 31, 2022 12,820 12,820 — — Assets for which fair values are disclosed Debt securities and deposits December 31, 2022 4,131 4,131 — — Long-term loans December 31, 2022 822 — — 822 Liabilities for which fair values are disclosed Bonds issued December 31, 2022 3,887 3,887 — — There were no transfers between Level 1 and Level 2 fair value measurements and no transfers into or out of Level 3 fair value measurements during the years ended December 31, 2023 and 2022. The Group uses the following IFRS hierarchy for determining and disclosing the fair value of financial instruments by valuation technique: - Level 1: Quoted (unadjusted) prices in active markets for identical assets or liabilities; - Level 2: Other techniques for which all inputs that have a significant effect on the recorded fair value are observable, either directly or indirectly; - Level 3: Techniques that use inputs that have a significant effect on the recorded fair value that are not based on observable market data. 28. Financial instruments (continued) Valuation methods and assumptions The fair values of the financial assets and liabilities are evaluated at the amount the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Long-term fixed-rate loans issued are evaluated by the Group based on parameters such as interest rates, terms of maturity, specific country and industry risk factors and individual creditworthiness of the customer. With regard to the level 3 assessment of fair value of loans issued, management believes that no reasonably possible change in any of the unobservable inputs would be sensitive for the fair value of these assets. The convertible loan to the venture company is evaluated using a discounted cash flow model, with cash flow projections covering a five-year period. As at December 31, 2023 the most significant unobservable inputs for the model were compound average growth rate (CAGR) of payment volume in forecasted period (27%), discount rate (14%) and terminal growth rate (3%). Increase/decrease in CAGR of payment volume by 1% would would would

Events after the reporting date

Events after the reporting date	12 Months Ended
Events after the reporting date	Dec. 31, 2023
Events after the reporting date
Events after the reporting date	29. Events after the reporting date On January 19, 2024 the Company has entered into an agreement to sell its Russian assets consolidated under JSC QIWI to a company wholly-owned by CEO of QIWI plc (Buyer) for 23,750 (19,792 as discounted). The amount is to be paid in several installments over four years for 100% of the shares of JSC QIWI, as follows: 11,875 to be paid within four months after entering into the Transaction; 11,875 to be paid in four installments commencing in 4Q 2024. 100% shares of the Buyer was pledged in favor of QIWI plc to secure the payment of the Transaction price. Upon effecting the Transaction at the end of January 2024, he has immediately resigned his offices at QIWI, as well as any other executive offices in subsidiaries or affiliates of QIWI. In addition to the impairment loss of 14,354 recognized upon the classification of the Russian assets as a disposal group as of December 31, 2023 (Note 6), in January 2024 the Group recognized an additional loss on disposal of Russian business in the amount of 22,684. On February 21, 2024, the CBR revoked QIWI Bank’s banking license for non-compliance with certain Russian laws and Central Bank of Russia’s regulations and appointed the temporary administration to admin the process of Bank’s liquidation. This event may affect the Buyer’s ability to settle its obligations under the purchase agreement in the amount 23,750 (19,792 as discounted). If a payment default occurs, selling the pledged shares may involve various scenarios with different levels of complexity and uncertainty regarding the terms and amount of the Transaction’s receivables. The Group’s cash accounts held in QIWI Bank are now restricted in the amount of 2,296. QIWI Bank also served as a significant vendor and partner for various cross-border transactions, including certain products and services of the Group’s international businesses. Management intends to replace QIWI Bank with new partners. Subsequent to revocation of license, the Group experienced a significant decline in its continuing operations and such decline may remain unless the Group is successful in securing new business partnerships critical for development of its operations and rebuilding its revenue streams. The Group has sufficient liquidity on its balance sheet and management believes that the Group will operate as going concern in the foreseeable future. QIWI Kazakhstan LP is currently being inspected by the National Bank of Kazakhstan. Such inspections may sometimes result in monetary or other sanctions, which could limit the Group’s ability to provide some of the services and may increase cost of doing business going forward. Management believes that the ongoing inspection will not result in findings that could significantly affect the Group’s operations in Kazakhstan. On April 2, 2024, the Company received a notice of a lawsuit filed by the temporary administration of QIWI Bank, aiming to cancel the Transaction related to the sale of Russian assets. Management believes that there are no reasonable grounds for cancelation of the Transaction.

Principles underlying prepara_2

Principles underlying preparation of consolidated financial statements and Summary of material accounting policy information (Policies)	12 Months Ended
	Dec. 31, 2023
Principles underlying preparation of consolidated financial statements
Basis of preparation	2.1 Basis of preparation The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) under the historical cost convention, as modified by the initial recognition of financial instruments based on fair value, and by revaluation of financial instruments categorised at fair value through profit or loss (FVTPL) and at fair value through other comprehensive income (FVOCI). The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated. Despite the risks and uncertainties, the Group is facing disclosed in Note 29, the management believes that the Group will continue to operate on a going concern basis in the foreseeable future. Therefore, these consolidated financial statements are prepared accordingly. The consolidated financial statements are presented in Russian rubles (“RUB”) and all values are rounded to the nearest million (RUB (000,000)) except where otherwise indicated. Group’s subsidiaries maintain and prepare their accounting records and prepare their statutory accounting reports in accordance with domestic accounting legislation. Standalone financial statements of subsidiaries are prepared in their respective functional currencies (see Note 3.2 below).
Basis of consolidation	2.2 Basis of consolidation The consolidated financial statements comprise the financial statements of QIWI plc and its subsidiaries as of December 31 each year. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if the Group has: - Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee), - Exposure, or rights, to variable returns from its involvement with the investee, and - The ability to use its power over the investee to affect its returns. Where the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including: - The contractual arrangement with the other vote holders of the investee, - Rights arising from other contractual arrangements, - The Group’s voting rights and potential voting rights. The Group re-assesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group losses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated statement of comprehensive income from the date the Group gains control until the date the Group ceases to control the subsidiary. The financial statements of the subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. All intra-group balances, income, expenses and unrealized gains and losses resulting from intra-group transactions are eliminated in full, except for the foreign exchange gains and losses arising on intra-group loans. Profit or loss and each component of other comprehensive income (OCI) are attributed to the equity holders of the parent of the Group and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group’s accounting policies. 2. Principles underlying preparation of consolidated financial statements (continued) 2.2 Basis of consolidation (continued) A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. If the Group loses control over a subsidiary, it: - Derecognises the assets (including goodwill) and liabilities of the subsidiary. - Derecognises the carrying amount of any non-controlling interests, including any components of other comprehensive income attributable to them. - Recognises the fair value of the consideration received. - Recognises the fair value of any investment retained. - Recognises any surplus or deficit in profit or loss. - Reclassifies to profit or loss or retained earnings, as appropriate, the amounts previously recognized in OCI as would be required if the Group had directly disposed of the related assets or liabilities.
Changes in accounting policies	2.3 Changes in accounting policies The accounting policies adopted in the preparation of the consolidated financial statements are consistent with those followed in the preparation of the Group’s annual consolidated financial statements for the year ended December 31, 2022, except for the adoption of the new and amended IFRS and IFRIC interpretations as of January 1, 2023. The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective. The following amended standards became effective from January 1, 2023, but had no impact on the consolidated financial statements of the Group: - IFRS 17 Insurance Contracts (issued in May 2017) - Amendments to IFRS 17 Insurance contracts: Initial Application of IFRS 17 and IFRS 9 – Comparative Information (issued in December 2021) - Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2: Disclosure of Accounting policies (issued in February 2021) - Amendments to IAS 8 Accounting policies, Changes in Accounting Estimates and Errors: Definition of Accounting Estimates (issued in February 2021) - Amendments to IAS 12 Income tax: Deferred tax related to assets and liabilities arising from a single transaction (issued in May 2021) and International Tax Reform—Pillar Two Model Rules (issued in May 2023)
Standards issued but not yet effective	2.4 Standards issued but not yet effective The following other new pronouncements are not expected to have a material impact on the Group’s consolidated financial statements when adopted: - Amendments to IAS 1: Classification of liabilities as current or non-current (issued on January 23, 2020) and Non-current Liabilities with Covenants (issued on October 31, 2022) (effective for annual periods beginning on or after January 1, 2024). - Amendments to IFRS 16 Lease: Lease Liability in a Sale and Leaseback (issued in September 2022 and effective for annual periods beginning on or after January 1, 2024). - Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures: Supplier Finance Arrangements (issued on May 25, 2023 and effective for annual periods beginning on or after January 1, 2024). - Amendments to IAS 21 Foreign Currencies: The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability (issued on August 15, 2023 and effective for annual periods beginning on or after January 1, 2025).
Changes in presentation	2.5. Changes in presentation In 2023 the Group decided to present Payment processing fees and Other revenue as a single «Revenue from contracts with customers». The effects of the change in presentation on the previously reported amounts in the consolidated statement of comprehensive income are set out below: The years ended December 31 The years ended December 31 2021 2022 2021 2022 As previously reported Restated Revenue from contracts with customers (continuing) — — 1,876 4,004 Revenue from contracts with customers (discontinued) — — 34,035 39,048 Payment processing fees 33,397 37,689 — — Other revenue 2,514 5,363 — —
Business combinations and goodwill	3.1 Business combinations and goodwill Business combinations are accounted for using the acquisition method. Consideration transferred includes the fair values of the assets transferred, liabilities incurred by the Group to the previous owners of the acquiree, and equity interests issued by the Group. Consideration transferred also includes the fair value of any contingent consideration and share-based payment awards of the acquiree that are replaced mandatorily in the business combination. If a business combination results in the termination of pre-existing relationships between the Group and the acquiree, then the Group identifies any amounts that are not part of what the Group and the acquiree exchanged in the business combination. The Group recognizes as part of applying the acquisition method, only the consideration transferred for the acquiree and the assets acquired and liabilities assumed in the exchange for the acquiree. If the business combination is achieved in stages, any previously held equity interest is re-measured at its acquisition date fair value and any resulting gain or loss is recognized in profit or loss. It is then considered in the determination of goodwill. Any contingent consideration to be transferred by the acquirer will be recognized at fair value at the acquisition date. Subsequently, contingent consideration classified as an asset or liability, is measured at fair value with changes in fair value recognized in profit or loss. Contingent consideration that is classified as equity is not re-measured and subsequent settlement is accounted for within equity. The Group measures any non-controlling interest at its proportionate interest in the identifiable net assets of the acquiree. Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests, and any previous interest held, over the net identifiable assets acquired and liabilities assumed. If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, the Group re-assesses whether it has correctly identified all of the assets acquired and all of the liabilities assumed and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the re-assessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated of the Group’s cash generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the acquired entity are assigned to those units. 1. Summary of material accounting policy information (continued) 3.1 Business combinations and goodwill (continued) Where goodwill has been allocated to a cash-generating unit and certain operation within that unit is disposed of, the goodwill associated with the operation disposed of is included in the carrying amount of the operation when determining the gain or loss on disposal of the operation. Goodwill disposed in this circumstance is measured based on the relative values of the operation disposed and the portion of the cash-generating unit retained.
Foreign currency translation	3.2 Foreign currency translation The consolidated financial statements are presented in Russian rubles (RUB), which is the Company’s functional and the Group’s presentation currency. Each entity in the Group determines its own functional currency, depending on what the underlying economic environment is, and items included in the financial statements of each entity are measured using that functional currency. The functional currencies of the foreign operations include US Dollar (U.S.$), Kazakhstan tenge (KZT) and others. The exchange rates of the Russian ruble to each respective currency as of December 31, 2023 and 2022 were as follows: Average exchange rates for Exchange rates at the year ended December 31, December 31, 2022 2023 2022 2023 US Dollar 68.5494 85.2466 70.3375 89.6883 Euro 72.5259 92.2406 75.6553 99.1919 Kazakhstan Tenge (100) 14.8608 18.6765 15.2583 19.7708 The official exchange rates above are determined daily by the Central Bank of the Russian Federation (further CBR). Market rates may differ from the official rates but the differences are, generally, within narrow parameters monitored by the respective Central Banks. The translation of assets and liabilities denominated in the currencies listed above into RUB for the purposes of these financial statements does not indicate that the Group could realize or settle, in RUB, the reported values of these assets and liabilities. Likewise, it does not indicate that the Group could return or distribute the reported RUB value of capital and retained earnings to its shareholders.
Intangible assets	3.3 Intangible assets 3.3.1 Software and other intangible assets Software and other intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is their fair value as of the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses. Following initial recognition of the development expenditure as an asset, the cost model is applied requiring the asset to be carried at cost less any accumulated amortization and accumulated impairment losses. Amortization of the asset begins when development is complete and the asset is available for use. During the period of development, the asset is tested for impairment annually. 3.3.2 Software development costs Development expenditure on an individual project is recognized as an intangible asset when the Group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, its intention to complete and its ability to use or sell the asset, how the asset will generate future economic benefits, the availability of resources to complete the asset and the ability to measure reliably the expenditure during development. 3 Summary of material accounting policy information (continued) 3.3 Intangible assets (continued) 3.3.3 Useful life and amortization of intangible assets The Group assesses whether the useful life of an intangible asset is finite or indefinite and, if finite, the length of that useful life. An intangible asset is regarded by the entity as having an indefinite useful life when, based on an analysis of all of the relevant factors, there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows for the entity. Intangible assets with finite lives are amortized on a straight-line basis over the useful economic lives and assessed for impairment whenever there is an indication that the intangible asset may be impaired. Below is the summary of useful lives of intangible assets: Bank license indefinite Customer relationships 4-15 years Computer Software 2-9 years Trademarks and other intangible assets 3-11 years Amortization periods and methods for intangible assets with finite useful lives are reviewed at least at each financial year-end. Intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually, either individually or at the cash-generating unit level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable. Indefinite-lived intangible assets include the acquired licenses for banking operations. It is considered indefinite-lived as the related license is expected to be renewed indefinitely.
Impairment of non-financial assets	3.4 Impairment of non-financial assets The Group assesses at each reporting date whether there is an indication that an asset, other than goodwill and intangible assets with indefinite useful life, may be impaired. If any such indication exists, or when annual impairment testing for an asset is required, the Group estimates the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s fair value less costs to sell and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. 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. In determining fair value less costs to sell, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted share prices for publicly traded analogues, if applicable, or other available fair value indicators. The Group bases its impairment calculation on detailed budgets and forecast calculations, which are prepared separately for each of the Group’s cash generating units (CGU), to which the individual assets are allocated. These budgets and forecast calculations generally cover a period of three years or longer, when management considers appropriate. For longer periods, a long-term growth rate is calculated and applied to project future cash flows after the last year. Impairment losses of continuing operations are recognized in profit or loss in those expense categories consistent with the function of the impaired asset. For assets excluding goodwill, an assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no longer exist or may have decreased. If such indication exists, the Group makes an estimate of recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognized. If that is the case, the carrying amount of the asset is increased to its recoverable amount. 3. Summary of material accounting policy information (continued) 3.4 Impairment of non-financial assets (continued) That increased amount cannot exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in profit or loss. The following criteria are also applied in assessing impairment of specific assets: Goodwill The Group performs its impairment test of goodwill annually and whenever certain events and circumstances indicate that its carrying value may be impaired. Impairment is determined for goodwill by assessing the recoverable amount of the cash-generating units to which the goodwill relates, as higher of its value in use and its fair value less costs to sell. Where the recoverable amount of the cash-generating units is lower than their carrying amount an impairment loss is recognized. Impairment losses relating to goodwill cannot be reversed in future periods.
Financial assets	3.5 Financial assets 3.5.1 Initial recognition and measurement Financial assets are classified, at initial recognition, as subsequently measured at amortised cost, fair value through other comprehensive income (OCI), and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient are measured at the transaction price determined under IFRS 15. In order for a financial asset to be classified and measured at amortised cost or fair value through OCI, it needs to give rise to cash flows that are ‘solely payments of principal and interest (SPPI)’ on the principal amount outstanding. This assessment is referred to as the SPPI test and is performed at an instrument level. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. 3.5.2 Subsequent measurement For purposes of subsequent measurement, financial assets are classified in four categories: - Financial assets at amortised cost - Financial assets at fair value through OCI with recycling of cumulative gains and losses - Financial assets designated at fair value through OCI with no recycling of cumulative gains and losses upon derecognition - Financial assets at fair value through profit or loss Financial assets at amortised cost This category is the most relevant to the Group. The Group measures financial assets at amortised cost if both of the following conditions are met: - The financial asset is held within a business model with the objective to hold financial assets in order to collect contractual cash flows, and - The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets at amortised cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired. The Group’s financial assets at amortised cost include cash and cash equivalents, reserves at CBR, debt instruments, trade and other receivables and loans issued. Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Financial assets at fair value through profit or loss are carried in the consolidated statement of financial position at fair value with net changes in fair value recognised in the profit or loss section of the consolidated statement of comprehensive income. The Group’s financial assets at fair value through profit or loss include a convertible loan, loans to ventures that did not pass the SPPI test and an option to increase the Group’s share in an associate. Financial assets at fair value through OCI For debt securities at fair value through OCI, interest income, foreign exchange revaluation and impairment losses or reversals are recognised in the profit or loss section of consolidated statement of comprehensive income and computed in the same manner as for financial assets measured at amortised cost. The remaining fair value changes are recognised in OCI. Upon derecognition, the cumulative fair value change recognised in OCI is recycled to profit or loss. The Group’s debt securities at fair value through OCI mostly represent investments in quoted debt securities included under short-term debt securities and deposits. 3.5.3 Impairment - credit loss allowance for ECL The Group assesses and recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. The measurement of ECL reflects: - an unbiased and probability weighted amount that is determined by evaluating a range of possible outcomes; - the time value of money; and - all reasonable and supportable information that is available without undue cost and effort at the end of each reporting period about past events, current conditions and forecasts of future economic conditions. Debt instruments measured at AC are presented in the consolidated statement of financial position net of the allowance for ECL. For loan commitments (where those components can be separated from the loan), a separate provision for ECL is recognised as other financial liabilities as part of accounts payable in the consolidated statement of financial position. For debt instruments at FVOCI, an allowance for ECL is recognised in profit or loss and it affects fair value gains or losses recognised in OCI rather than the carrying amount of those instruments. The Group applies a “three stage” model for impairment in accordance with IFRS 9, based on changes in credit quality since initial recognition: 3. Summary of material accounting policy information (continued) 3.5 Financial assets (continued) 3.5.3 Impairment - credit loss allowance for ECL (continued) 1. A financial instrument that is not credit-impaired on initial recognition is classified in Stage 1. Financial assets in Stage 1 have their ECL measured at an amount equal to the portion of lifetime ECL that results from default events possible within the next 12 months (12 month ECL). 2. If the Group identifies a significant increase in credit risk (“SICR”) since initial recognition, the asset is transferred to Stage 2 and its ECL is measured based on ECL on a lifetime basis (lifetime ECL). 3. If the Group determines that a financial asset is credit-impaired, the asset is transferred to Stage 3 and its ECL is measured as a lifetime ECL. For financial assets that are credit-impaired on purchase or at origination, the ECL is always measured at a lifetime ECL. Note 27 provides information about inputs, assumptions and estimation techniques used in measuring ECL, including an explanation of how the Group incorporates forward-looking information in the ECL models. 3.5.4 Derecognition A financial asset (or, where applicable a part of a financial asset or part of a group of similar financial assets) is derecognized when: - The rights to receive cash flows from the asset have expired - The Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement; and either (a) the Group has transferred substantially all the risks and rewards of the asset, or (b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset. When the Group has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, and has neither transferred nor retained substantially all of the risks and rewards of the asset nor transferred control of the asset, the asset is recognized to the extent of the Group’s continuing involvement in the asset. In that case, the Group also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Group has retained. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Group could be required to repay.
Financial liabilities	3.6 Financial liabilities 3.6.1 Initial recognition and measurement All financial liabilities are recognised initially at fair value, minus, in the case of financial liability not at fair value through profit or loss, transaction costs that are directly attributable to issue of financial liability. The Group classifies all financial liabilities as subsequently measured at amortised cost (trade and other payables, debt, deposits, customer accounts and amounts due to banks), except for financial liabilities at fair value through profit or loss and financial guarantees. 3.6.2 Subsequent measurement The measurement of financial liabilities depends on their classification, as described below: Financial liabilities at fair value through profit or loss 3. Summary of material accounting policy information (continued) 3.6 Financial liabilities (continued) 3.6.2 Subsequent measurement (continued) Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. The Group has no such instruments. Debt and deposits This is the category most relevant to the Group. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the EIR method. Gains and losses are recognised in profit or loss when the liabilities are derecognised as well as through the EIR amortisation process. Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or transaction costs that are an integral part of the EIR. The EIR amortisation is included as finance costs in the profit or loss section of the consolidated statement of comprehensive income. Financial guarantees Subsequent to initial recognition, the Group’s liability under each guarantee is measured at the higher of the commissions initially recognised less the cumulative amount of income recognised in the consolidated statement of comprehensive income, and an ECL allowance. The commissions received is recognised in the consolidated statement of comprehensive income as revenue on a straight-line basis over the life of the guarantee. Undrawn loan commitments Undrawn loan commitments are commitments under which, over the duration of the commitment, the Group is required to provide a loan with pre-specified terms to the customer. Commitments to provide loans are initially recognised at their fair value, which is normally evidenced by the amount of fees received. At the end of each reporting period, the commitments are measured at the amount of the loss allowance determined based on the expected credit loss model. For loan commitments (where those components can be separated from the loan), a separate provision for ECL is recognised as a liability in the consolidated statement of financial position. 3.6.3 Derecognition A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability, and the difference in the respective carrying amounts is recognized in profit or loss. In accordance with terms and conditions of use of e-wallet accounts and system rules, the Group charges a fee on its consumers on the balance of unused accounts after certain period of inactivity and unclaimed payments. Such fees are recorded as revenues in the period a fee is charged. 3.6.4 Offsetting financial assets and liabilities Financial assets and financial liabilities are offset and the net amount reported in the consolidated statement of financial position if, and only if: - There is a currently enforceable legal right to offset the recognized amounts; and - There is an intention to settle on a net basis, or to realize the assets and settle the liabilities simultaneously. - The right of set-off: - Must not be contingent on a future event; and 3. Summary of material accounting policy information (continued) 3.6 Financial liabilities (continued) 3.6.4 Offsetting financial assets and liabilities (continued) Must be legally enforceable in all of the following circumstances: (i) the normal course of business; (ii) the event of default; and (iii) the event of insolvency or bankruptcy of the entity and all of the counterparties
Cash and cash equivalents	3.7 Cash and cash equivalents Cash comprises cash at banks and in hand and short-term deposits with an original maturity of three months or less and are included as a component of cash and cash equivalents for the purpose of the consolidated statement of financial position and consolidated statement of cash flows.
Employee benefits	3.8 Employee benefits 3.8.1 Personnel expenses Wages and salaries paid to employees are recognized as expenses in the current year. The Group also accrues expenses for future vacation payments and short-term or long-term employee bonuses. 3.8.2 Social contributions and defined contributions to pension fund Under provisions of the Russian legislation, social contributions include defined contributions to pension and other social funds of Russia and are calculated by the Group by the application of a regressive rate (from 30% to 15% in 2023, 2022 and 2021) to the annual gross remuneration of each employee. In the year 2023 Russian pension and social security funds were combined. For the year ended December 31, 2023 defined contributions to this combined fund of Russia of the Group amounted to 1,439 (2022 – 749 (only pension fund); 2021 – 679 (only pension fund)).
Provisions	3.9 Provisions Provisions are recognized when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation, and a reliable estimate of the amount can be made. Where the Group expects a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. If the effect of discounting is material, provisions are determined by discounting the expected value of future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized as an interest expense. Performance guarantees Performance guarantees are contracts that provide compensation if another party fails to perform a contractual obligation. Performance guarantees do not transfer credit risk. The risk under performance guarantee contracts is the possibility that the failure to perform the contractual obligation by another party occurs. Performance guarantees are initially recognized at their fair value, which is usually equal to the amount of commissions received. The commissions received is recognised in the consolidated statement of comprehensive income as revenue on a straight-line basis over the life of the guarantee. Subsequent to initial recognition, the Group’s liability under each guarantee is measured at the higher of the commissions initially recognised less the cumulative amount of income recognised in the consolidated statement of comprehensive income, and an ECL allowance.
Special contribution for defence of the Republic of Cyprus	3. Summary of material accounting policy information (continued) 3.10 Special contribution for defense of the Republic of Cyprus Dividend Distribution Cyprus entities that do not distribute 70% of their profits after tax, as defined by the relevant tax law, within two years after the end of the relevant tax year, are deemed to have distributed as dividends 70% of these profits. A special contribution for the defense fund of the Republic of Cyprus is levied at the 17% rate for 2021, 2022, 2023 and thereafter will be payable on such deemed dividends distribution. Profits that are attributable to shareholders who are not tax resident of Cyprus and own shares in the Company either directly and/or indirectly at the end of two years from the end of the tax year to which the profits relate, are exempted. The amount of deemed distribution is reduced by any actual dividends paid out of the profits of the relevant year at any time. This special contribution for defense is payable by the Company for the account of the shareholders. The Company’s ultimate shareholder as of December 31, 2023 is non-Cypriot tax resident and as such the Cypriot deemed dividend distribution rules are not applicable. Dividend income Dividends received from a non-resident (foreign) company are exempt from the levy of defence contribution if either the dividend paying company derives at least 50% of its income directly or indirectly from activities which do not lead to investment income (“active versus passive investment income test” is met) or the foreign tax burden on the profit to be distributed as dividend has not been substantially lower than the Cypriot corporate income tax rate (i.e. lower than 6.25%) at the level of the dividend paying company (“effective minimum foreign tax test” is met). The Company has not been subject to defense tax on dividends received from abroad as the dividend paying entities are engaged in other than investing activities.
Revenue from contracts with customers and related cost recognition	3.11 Revenue from contracts with customers and related cost recognition Revenue from contracts with customers is recognized when control of the services is transferred to the customer at an amount that reflects the consideration to which the Group expects to be entitled in exchange for those services. The Group has generally concluded that it is the principal in its revenue arrangements because it typically controls the services before transferring them to the customer. Revenues and related cost of revenue from services are recognized in the period when services are rendered, regardless of when payment is made. All performance obligations are either satisfied at a point of time or over time. In the former case they represent a separate instantaneous service, in the latter – a series of distinct services that are substantially the same and that have the same pattern of transfer to the customers. Such performance obligations are invoiced at least monthly. Progress of performance obligations satisfied over time is measured by the output method. The Group recognizes the majority of its revenue at a point of time. Contract price is allocated separately to each performance obligation. There are generally no variable amounts affecting consideration at the moment such consideration is recognized as revenue. In the rare cases when the variability exists, the Group makes estimate of the amount to be recognized basing on appropriate budgets and models. Consideration from customers does not have any non-cash component. Consideration payable to a customer is accounted for as a reduction of the transaction price and, therefore, a reduction of revenue. Consideration from customers is normally received within a few months and never in more than a year. Consequently, the Group believes it contains no significant financing component. Within some components of its business, the Group pays remuneration to its employees and third parties for attracting customers. The costs which are incremental to acquisition of new customers are further analysed for recoverability. If this expenditure is expected to be reimbursed by future income, it is capitalized as costs to obtain a contract and amortized during the contract term. Payment processing fee revenues and related transaction costs Payment processing fee revenues include the following types: - fees for processing of consumer payment (consumer fee and merchant fee), - conversion fees. The Group earns a fee for processing payments initiated by the individuals (“consumers”) to pay to merchants and service providers (“merchants”) or transfer money to other individuals. Payment processing fees are earned from consumers or merchants, or both. Consumers can make payments to various merchants through kiosks or a network of agents and bank-participants of payment system or through the Group’s website or applications using a unique user login and password (e-payments). When a consumer payment is processed, the Group may incur transaction costs to acquire payments payable to agents, bank-participants, mobile operators, international payment systems and other parties. The payment processing fee revenue and related receivable, as well as the transaction cost and the related payable, are recognized at the point when merchants or individuals accept payments from consumers in the gross amount, including fees payable for payment acquisition. Payment processing fees and transaction costs are reported gross. Any fees from agents and other service providers are recorded as reduction of transactions costs unless the fee relates to distinct service rendered by the Group. The Group generates revenue from the foreign currency conversion when payments are made in currencies different from the country of the consumer, mainly Russia. The Group recognizes the related revenues at the time of conversion in the amount of conversion commission representing the difference between the current Russian or relevant country Central Bank foreign currency exchange rate and the foreign currency exchange rate charged by the Group’s processing system. Cash and settlement service fees The Group charges a fee for managing current bank accounts and deposits of individuals and legal entities, including guarantee deposits from agents placed with the bank to cover consumer payments they accept. Related revenue is recorded as services are rendered or as transactions are processed. Platform and marketing services related fees and costs The Group recognizes the revenue related to platform and marketing services at a point in time as services are rendered providing that the receiving the consideration is probable. All bonuses, rebates and discounts that the Group pays if favor of the customers is recognized as deduction from revenue. The Group recognizes related costs upon receiving the services from advertising platforms and traffic providers in line with revenue recognition. All bonuses, rebates and discounts that the Group receives from the suppliers of services are recognized as deduction from costs. While providing marketing services the Group acts as a principal so marketing services fees and related costs are recognized on a gross basis. Other revenues Other revenues include revenues from commissions for issuing guarantees and some other minor activities. Related revenue is recorded as services are rendered.
Recognition of interest income and interest expense	3.12. Recognition of interest income and interest expense For all financial instruments measured at amortized cost and financial instruments measured at fair value through other comprehensive income, interest income or expense is recorded using the EIR method. The EIR (and therefore, the amortised cost of the asset) is calculated by taking into account any discount or premium on acquisition, fees and transaction costs that are an integral part of the EIR of the financial instrument. The Group calculates interest income by applying the EIR to the gross carrying amount of financial assets other than credit-impaired assets. When a financial asset becomes credit-impaired and is, therefore, regarded as ‘Stage 3’, the Group calculates interest income by applying the effective interest rate to the net amortised cost of the financial asset. If the financial assets restore and is no longer credit-impaired, the Group reverts to calculating interest income on a gross basis. Interest income from bank loans and short-term and long-term investments performed as part of the Group’s treasury function is classified as part of revenues. Interest income derived from loans issued to various third and related parties as part of other arrangements is classified as interest income. All interest received from loans and investments is shown as cash inflows from operating activity in the consolidated statement of cash flows. Interest expense from bank borrowings intended to attract funds for reinvestment is classified as part of cost of revenue. Interest expense derived from borrowings attracted from various third parties as part of other arrangements is classified as interest expense not as part of cost of revenue. All interest paid on borrowings is shown as cash outflows from operating activity in the consolidated statement of cash flows.
Non-current assets held for sale and discontinued operations	3.13 Non-current assets held for sale and discontinued operations Non-current assets and disposal groups are classified as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. This condition is regarded as met only when the sale is highly probable and the asset or disposal group is available for immediate sale in its present condition. Management must be committed to the sale, which is expected to qualify for recognition as a completed sale within one year from the date of classification. Non-current assets and disposal groups classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell. An impairment loss for any initial or subsequent write-down of the asset or disposal group to fair value less costs to sell is recognized within the results of discontinued operations. In the case of impairment losses recognition, allocation would be first to goodwill and then to other assets on a pro rata basis. If the fair value less costs to sell of a disposal group is below its carrying amount, but the carrying amount of assets is insufficient to absorb the impairment loss, then the amount of the impairment loss recognized is generally limited to the carrying amount of non-current assets within the disposal group to which the measurement requirements apply. Income and expenses from discontinued operations are reported separately from income and expenses from continuing operations, down to the level of profit after taxes, even when the Group retains a non-controlling interest in the subsidiary after the sale. Property, equipment and intangible assets, either individually or as part of a disposal group, that are classified as held for sale are not depreciated or amortized.

Principles underlying prepara_3

Principles underlying preparation of consolidated financial statements (Tables)	12 Months Ended
	Dec. 31, 2023
Principles underlying preparation of consolidated financial statements
Schedule of changes in presentation	The years ended December 31 The years ended December 31 2021 2022 2021 2022 As previously reported Restated Revenue from contracts with customers (continuing) — — 1,876 4,004 Revenue from contracts with customers (discontinued) — — 34,035 39,048 Payment processing fees 33,397 37,689 — — Other revenue 2,514 5,363 — —

Summary of material accountin_2

Summary of material accounting policy information (Tables)	12 Months Ended
Summary of material accounting policy information (Tables)	Dec. 31, 2023
Summary of material accounting policy information
Schedule of exchange rates of Russian ruble to other currencies	The exchange rates of the Russian ruble to each respective currency as of December 31, 2023 and 2022 were as follows: Average exchange rates for Exchange rates at the year ended December 31, December 31, 2022 2023 2022 2023 US Dollar 68.5494 85.2466 70.3375 89.6883 Euro 72.5259 92.2406 75.6553 99.1919 Kazakhstan Tenge (100) 14.8608 18.6765 15.2583 19.7708
Summary of useful lives of intangible assets	Bank license indefinite Customer relationships 4-15 years Computer Software 2-9 years Trademarks and other intangible assets 3-11 years

Consolidated subsidiaries (Tabl

Consolidated subsidiaries (Tables)	12 Months Ended
Consolidated subsidiaries (Tables)	Dec. 31, 2023
Consolidated subsidiaries
Summary of subsidiaries and ownership interest	Ownership interest As of As of December 31, December 31, Subsidiary Main activity 2022 2023 JSC QIWI (Russia) Operation of electronic payment kiosks, holding company 100 % 100 % QIWI Bank JSC (Russia) Maintenance of electronic payment systems, money transfers and Bank operations 100 % 100 % QIWI Payments Services Provider Ltd (UAE) 1 Operation of on-line payments 100 % — QIWI International Payment System LLC (USA) Operation of electronic payment kiosks 100 % 100 % Qiwi Kazakhstan LP (Kazakhstan) Operation of electronic payment kiosks 100 % 100 % JLLC OSMP BEL (Belarus) Operation of electronic payment kiosks 51 % 51 % QIWI-M S.R.L. (Moldova) Operation of electronic payment kiosks 51 % 51 % QIWI Technologies LLC (Russia) (Note 6) Software development 80 % 100 % ROWI Factoring Plus LLC (Russia) Factoring services to SME 51 % 51 % ContactPay Solution (United Kingdom) Operation of on-line payments 100 % 100 % Rocket Universe LLC (Russia) Software development 100 % 100 % Billing Online Solutions LLC (Russia) Software development 100 % 100 % Flocktory Ltd (Cyprus) Holding company 100 % 100 % Flocktory Spain S.L. (Spain) SaaS platform for customer lifecycle management and personalization 100 % 100 % FreeAtLast LLC (Russia) SaaS platform for customer lifecycle management and personalization 100 % 100 % SETTE FZ-LLC (UAE) Payment Services Provider 100 % 100 % LALIRA DMCC (UAE) Payment Services Provider 100 % 100 % MFC Polet Finance LLC(Russia) Retail financial services 100 % 100 % QIWI Finance LLC (Russia) Financing management 100 % 100 % ROWI Tech LLC (Russia) Software development 51 % 51 % Flocktory LLC (Russia) Research and development 100 % 100 % Qiwi Lab LLC (Russia) Software development 100 % 100 % QIWI Payments LLC (Russia) Software development 80 % 100 % IntellectMoney LLC (Russia) Software development 100 % 100 % Managing Company “RealWeb” Ltd (Russia) Management services 100 % 100 % IA RealWeb Ltd (Russia) Digital marketing 75 % 75 % Sfera LLC (Russia) Digital marketing 83 % 83 % Centra Ltd (Russia) Software development 100 % 100 % Fusion Tech Ltd (Russia) 3 Digital marketing 100 % — De Vision Ltd (Russia) Software development 75 % 75 % Vailmobail LLC (Russia) Digital marketing 75 % 75 % Konversiya LLC (Russia) Recruitment services 75 % 75 % IA REAL WEB CJSC (Armenia) Digital marketing 75 % 75 % RW Consulting SIA (Latvia) 3 Digital marketing 83 % — RealWeb Latvia SIA (Latvia) 3 Digital marketing 83 % — IT LAB AND PAYMENTS FE LLC (Uzbekistan) Software development 100 % 100 % Epic Growth LLC (Russia) 2 Digital marketing — 83 % Data Go LLC (Russia) 2 Software development — 75 % Associate Advanced Digital Applications Holding Ltd (BVI) (Note 6) Operation of on-line payments 9.9 % 12.6 % 1 The Entity was liquidated during 2023 2 The entities were acquired in 2023 for insignificant consideration 3 The entities were sold in 2023 for insignificant consideration.

Acquisitions, disposals and d_2

Acquisitions, disposals and discontinued operations (Tables)	12 Months Ended
	Dec. 31, 2023
Acquisitions, disposals and discontinued operations
Schedule of results of discontinued operations	Notes 2021 2022 2023 RF RF RF Latvia Total Revenue: 39,071 47,288 59,541 4,574 64,115 Revenue from contracts with customers 20 34,035 39,048 49,786 4,574 54,360 Interest revenue calculated using the effective interest rate 20 3,372 6,624 8,217 — 8,217 Fees from inactive accounts and unclaimed payments 1,664 1,616 1,538 — 1,538 Operating costs and expenses: (26,557) (27,637) (44,736) (4,541) (49,277) Cost of revenue (exclusive of items shown separately below) 21 (16,946) (14,675) (26,627) (4,486) (31,113) Selling, general and administrative expenses 22 (2,388) (3,080) (4,302) (17) (4,319) Personnel expenses (5,766) (7,410) (10,701) (37) (10,738) Depreciation and amortization 9 (1,106) (1,059) (1,276) — (1,276) Credit loss expense 10,11,25 (339) (1,402) (1,830) (1) (1,831) Impairment of non-current assets (12) (11) — — — Profit from operations the ordinary activities 12,514 19,651 14,805 33 14,838 Foreign exchange gain/(loss), net (23) (197) 1,893 1 1,894 Other income and expenses, net (105) (78) (62) (1) (63) Profit before tax from the ordinary activities 12,386 19,376 16,636 33 16,669 Income tax expense 24 (2,590) (3,885) (3,528) (7) (3,535) Net profit from the ordinary activities 9,796 15,491 13,108 26 13,134 Impairment loss recognised on the remeasurement to bring down to fair value less costs to sell — — (14,354) — (14,354) Income tax related to remeasurement to fair value less costs to sell — — 1,926 — 1,926 Loss on sale of discontinued operations — — — (17) (17) Total profit for the year from discontinued operations 9,796 15,491 680 9 689 Attributable to: Equity holders of the parent 9,659 14,855 381 Non-controlling interests 137 636 308 Earnings per share for discontinued operations Basic, profit from discontinued operations attributable to ordinary equity holders of the parent 154.71 237.23 6.08 Diluted, profit from discontinued operations attributable to ordinary equity holders of the parent 154.66 237.23 6.08
Schedule of net cash flows incurred by discontinued operations	2021 2022 2023 Operating (2,852) 15,634 6,853 Investing (7,660) (2,033) (16,705) Financing (2,200) (1,205) 3,438 Net cash (outflow)/inflow (12,712) 12,396 (6,414)
Taxiaggregator
Acquisitions, disposals and discontinued operations
Schedule of details of business combination	The acquisition date fair value of the Group’s previously held interest 116 Cash consideration 706 Total consideration transferred 822 Fair value Net assets acquired: Intangible assets 233 Software 64 Customer relationships 169 Deferred tax liabilities (39) Total identifiable net assets at fair value 194 Group’s share of net assets acquired (80%) 156 Goodwill arising on acquisition 666
RealWeb
Acquisitions, disposals and discontinued operations
Schedule of details of business combination	Net assets acquired: Fair value Intangible assets 1,163 Software 792 Trademarks 371 Trade and other receivables 3,248 Cash and cash equivalents 3,089 Other assets 116 Deferred tax (123) Trade and other payables (6,140) Other liabilities (273) Total identifiable net assets at fair value 1,080 Group’s share of net assets acquired (79%) 849 Goodwill arising on acquisition 924 Analysis of cash flows on acquisition: Amount Cash paid (1,773) Net cash acquired with the subsidiaries 3,089 Total cash acquired in business combination 1,316
Fintech company that provides financial services for underbanked customers in Middle East and North Africa region
Acquisitions, disposals and discontinued operations
Schedule of details of acquisition of associate	Cash consideration transferred ($11 million) 660 Fair value of option received from associate (333) Total consideration 327 Net assets acquired: Fair value Intangible assets 408 Accounts receivable 610 Cash and cash equivalents 603 Other assets 25 Debt (512) Trade and other payables (204) Other liabilities (57) Total identifiable net assets at fair value 873 Group’s share of net assets acquired (9.9%) 86 Goodwill arising on acquisition 241
JSC Tochka
Acquisitions, disposals and discontinued operations
Schedule of result on disposal	The result of disposal is presented below: Fixed amount 4,947 Amount contingent on Tochka’s earnings for the year 2021 4,647 Dividends received from associate* 532 Carrying amount of disposed investment (1,949) Total gain on disposal 8,177 * Receiving the Dividends was the substantial condition of the transaction and treated as part of the price. Dividends were received after the Group has ceased to apply equity accounting for the associate.
Russian business
Acquisitions, disposals and discontinued operations
Schedule of assets and liabilities classified as held for sale	Ownership Name of subsidiary Location interest JSC Russia 100 % QIWI Russia 100 % QIWI Technologies LLC Russia 100 % ROWI Factoring Plus LLC Russia 51 % Rocket Universe LLC Russia 100 % Billing Online Solutions LLC Russia 100 % FreeAtLast LLC Russia 100 % QIWI Finance LLC Russia 100 % ROWI Tech LLC Russia 51 % Flocktory LLC Russia 100 % Qiwi Lab LLC Russia 100 % QIWI Payments LLC Russia 100 % IntellectMoney LLC Russia 100 % Managing Company “RealWeb” Ltd Russia 100 % IA RealWeb Ltd Russia 75 % Sfera LLC Russia 83 % Centra Ltd Russia 100 % De Vision Ltd Russia 75 % Vailmobail LLC Russia 75 % Konversiya LLC Russia 75 % Epic Growth LLC Russia 83 % Data Go LLC Russia 75 % IA REAL WEB CJSC Armenia 75 % JLLC OSMP BEL Belarus 51 % QIWI-M S.R.L. Moldova 51 % Assets Notes Debt securities 28 31,340 Loans issued 19,745 Tax receivables 416 Deferred tax assets 24 985 Trade and other receivables 18,187 Other assets 926 Cash and cash equivalents 30,796 Assets held for sale 102,395 Liabilities Deferred income 1,485 Tax payables 779 Trade and other payables 28,984 Customer accounts and amounts due to banks 15,949 Debt* 28 8,162 Lease liabilities 462 Other liabilities 138 Liabilities directly associated with the assets held for sale 55,959 Net assets directly associated with the disposal group 46,436 Amounts included in accumulated OCI: Foreign currency translation reserve 31 Reserve for debt instruments at FVOCI (280) Reserve of disposal group classified as held for sale (249) * In October 2023 the Group issued unsecured bonds at the principal amount of RUB 8.5 billion with a floating nominal interest rate of RUONIA + 3.4% (Issue costs amounted to 80 , so that the effective interest rate comprised RUONIA+ 3.6% ). The interest rate is fixed until October 31, 2025, after which the Group can change it and the investors will have the right to present the bonds for redemption. The Bonds are due in 2027. The Group is subject to a number of covenants regarding the bonds issued. As of December 31, 2023 and December 31, 2022, the Group was in compliance with all covenants stipulated by the public irrevocable offers.

Operating segments (Tables)

Operating segments (Tables)	12 Months Ended
Operating segments (Tables)	Dec. 31, 2023
Operating segments
Schedule of segments' statement of comprehensive income	The segments’ consolidated statement of comprehensive income for the year ended December 31, 2023, as presented to the CODM are presented below: 2023 PS DM CO Total Segment net revenue 27,653 4,283 3,916 35,852 Segment profit/(loss) before tax 14,962 1,173 2,558 18,693 Segment net profit/(loss) 11,944 1,017 2,306 15,267 The segments’ consolidated statement of comprehensive income for the year ended December 31, 2022, as presented to the CODM are presented below: 2022 PS DM CO Total Segment net revenue 30,103 815 3,219 34,137 Segment profit/(loss) before tax 20,036 116 (1,643) 18,509 Segment net profit/(loss) 15,799 128 (1,931) 13,996 The segments’ consolidated statement of comprehensive income for the year ended December 31, 2021, as presented to the CODM are presented below: 2021 PS DM CO Total Segment net revenue 21,100 611 1,402 23,113 Segment profit/(loss) before tax 13,832 (23) (1,097) 12,712 Segment net profit/(loss) 10,971 (47) (1,330) 9,594
Schedule of segment net revenue	2021 2022 2023 Revenue from continuing operations under IFRS 2,064 4,214 7,205 Cost of revenue from continuing operations (1,076) (2,690) (4,355) Revenue from discontinued operations (Note 6) 39,071 47,288 64,115 Cost of revenue from discontinuing operations (Note 6) (16,946) (14,675) (31,113) Total segments net revenue, as presented to CODM 23,113 34,137 35,852
Schedule of reconciliation of segment profit before tax	2021 2022 2023 Consolidated profit/(loss) before tax from continuing operations under IFRS 8,230 (1,192) 2,647 Consolidated profit before tax from discontinued operations under IFRS (Note 6) 12,386 19,376 2,298 Gain on disposal of an associate (8,177) — — Fair value adjustments and their amortization 241 219 (253) Gain on disposal of subsidiary — — (407) Impairment of non-current assets 24 47 14,408 Share-based payments 8 59 — Total segment profit before tax, as presented to CODM 12,712 18,509 18,693
Schedule of reconciliation of segment net profit	2021 2022 2023 Consolidated net profit/(loss) from continuing operations under IFRS 7,740 (1,736) 2,387 Consolidated net profit from discontinued operations under IFRS (Note 6) 9,796 15,491 689 Gain on disposal of an associate (8,177) — — Fair value adjustments and their amortization 241 219 (253) Gain on disposal of subsidiary — — (407) Impairment of non-current assets 24 47 14,408 Share-based payments 8 59 — Effect from taxation of the above items (38) (84) (1,557) Total segment net profit, as presented to CODM 9,594 13,996 15,267
Schedule of revenue from external customers	2021 2022 2023 Continuing operations CIS 1,647 2,401 3,054 EU 288 690 1,408 US and Canada 54 404 1,289 Other 75 719 1,454 Total revenue from continuing operations 2,064 4,214 7,205 Discontinued operations Russia 36,988 45,765 58,602 Other 2,083 1,523 5,513 Total revenue from discontinued operations 39,071 47,288 64,115
Schedule of disaggregation of revenue from contracts with customers	2023 PS DM CO Total Payment processing fees 32,758 — — 32,758 Cash and settlement service fees 3,021 — 26 3,047 Platform and marketing services related fees 126 22,418 — 22,544 Fees for guarantees issued 13 — 1,831 1,844 Other revenue 419 183 82 684 Total revenue from contracts with customers 36,337 22,601 1,939 60,877 Revenue from continuing operations 6,517 Revenue from discontinued operations (Note6) 54,360 2022 PS DM CO Total Payment processing fees 37,689 — — 37,689 Cash and settlement service fees 1,299 — 79 1,378 Platform and marketing services related fees 119 1,936 — 2,055 Fees for guarantees issued 17 — 1,506 1,523 Other revenue 374 — 33 407 Total revenue from contracts with customers 39,498 1,936 1,618 43,052 Revenue from continuing operations 4,004 Revenue from discontinued operations (Note6) 39,048 2021 PS DM CO Total Payment processing fees 33,397 — — 33,397 Cash and settlement service fees 114 — 386 500 Platform and marketing services related fees 145 813 — 958 Fees for guarantees issued 20 — 703 723 Other revenue 322 — 11 333 Total revenue from contracts with customers 33,998 813 1,100 35,911 Revenue from continuing operations 1,876 Revenue from discontinued operations (Note6) 34,035

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
Earnings per share (Tables)	Dec. 31, 2023
Earnings per share
Schedule of basic and diluted earnings per share	2021 2022 2023 Profit/(Loss) attributable to ordinary equity holders of the parent: Continuing operations 7,740 (1,736) 2,387 Discontinued operations 9,659 14,855 381 Net profit attributable to ordinary equity holders of the parent for basic and diluted earnings 17,399 13,119 2,768 Weighted average number of ordinary shares for basic earnings per share 62,433,524 62,619,727 62,712,975 Effect of share-based payments 20,482 — — Weighted average number of ordinary shares for diluted earnings per share 62,454,006 62,619,727 62,712,975

Intangible assets (Tables)

Intangible assets (Tables)	12 Months Ended
Intangible assets (Tables)	Dec. 31, 2023
Intangible assets
Summary of intangible assets	Advances for Customer Computer Trade marks intangibles, CIP Cost: Goodwill relationships Licenses Software and brands and others Total Balance as of December 31, 2021 7,084 5,485 183 1,473 248 155 14,628 Additions — — — 111 — 123 234 Additions from business combinations 1,508 201 — 896 380 — 2,985 Transfer between groups — — — 37 — (37) — Disposals — — — (109) — (49) (158) Balance as of December 31, 2022 8,592 5,686 183 2,408 628 192 17,689 Additions — — — 277 — 44 321 Additions from business combinations 132 — — 6 — 12 150 Transfer between groups — — — 102 — (102) — Disposals — — — (136) — (24) (160) Assets held for sale (8,724) (5,686) (183) (2,432) (623) (117) (17,765) Balance as of December 31, 2023 — — — 225 5 5 235 Accumulated Amortization: Balance as of December 31, 2021 — (2,990) — (883) (221) (33) (4,127) Amortization charge — (319) — (212) (5) (12) (548) Impairment — — — — — (47) (47) Disposals — — — 112 — 47 159 Balance as of December 31, 2022 — (3,309) — (983) (226) (45) (4,563) Amortization charge — (324) — (353) (41) (13) (731) Impairment (8,724) (2,053) (183) (1,395) (361) (79) (12,795) Disposals — — — 163 — 17 180 Assets held for sale 8,724 5,686 183 2,432 623 117 17,765 Balance as of December 31, 2023 — — — (136) (5) (3) (144) Net book value As of December 31, 2021 7,084 2,495 183 590 27 122 10,501 As of December 31, 2022 8,592 2,377 183 1,425 402 147 13,126 As of December 31, 2023 — — — 89 — 2 91

Long-term and short-term loan_2

Long-term and short-term loans issued (Tables)	12 Months Ended
Long-term and short-term loans issued (Tables)	Dec. 31, 2023
Long-term and short-term loans issued
Schedule of long-term and short-term loans issued	As of December 31, 2023, long-term and short-term loans issued consisted of the following: Total as of Net as of December 31, Expected credit December 31, 2023 loss allowance 2023 Long-term loans Convertible loan (Note 28) 4,205 — 4,205 Total long-term loans 4,205 — 4,205 Short-term loans Loans to legal entities, including SME 9 (9) — Loans to individuals 373 (164) 209 Total short-term loans 382 (173) 209 The Convertible loan is denominated in Euro. The Group’s loans to individuals are denominated in Russian rubles. As of December 31, 2022, long-term and short-term loans consisted of the following: Total as of Net as of December 31, Expected credit December 31, 2022 loss allowance 2022 Long-term loans Loans to legal entities, including SME 871 (28) 843 Total long-term loans 871 (28) 843 Short-term loans Factoring loans 12,668 (100) 12,568 Loans to legal entities, including SME 1,840 (254) 1,586 Loans to individuals 85 (39) 46 Total short-term loans 14,593 (393) 14,200
Schedule of analysis of credit risk exposure of loans issued and for which ECL allowance is recognised	As of December 31, 2023 As of December 31, 2022 Gross Gross amount ECL amount ECL Not overdue Stage 1 134 (3) 14,860 (22) Up to 30 days overdue 41 (4) 112 (2) 30-60 days overdue Stage 2 23 (3) 180 (118) 60-90 days overdue 27 (6) 18 (2) 90+ days overdue Stage 3 157 (157) 294 (277) Total 382 (173) 15,464 (421)
Schedule of analysis of changes in loss allowances for loans	An analysis of the changes in the ECL allowances due to changes in corresponding gross carrying amounts for the year ended December 31, 2023, was the following: Stage 1 Stage 2 Stage 3 Total Collective Collective ECL allowance as of January 1, 2023 (24) (120) (277) (421) Changes because of financial instruments (originated or acquired)/derecognized during the reporting period (182) 65 (402) (519) Transfers between stages 122 (2) (120) — Amounts written off — — 84 84 Assets held for sale 77 48 558 683 ECL allowance as of December 31, 2023 (7) (9) (157) (173) An analysis of the changes in the ECL allowances due to changes in corresponding gross carrying amounts for the year ended December 31, 2022, was the following: Stage 1 Stage 2 Stage 3 Total Collective ECL allowance as of January 1, 2022 (34) (5) (53) (92) Changes because of financial instruments (originated or acquired)/derecognized during the reporting period — (112) (228) (340) Transfers between stages 10 (3) (7) — Amounts written off — — 11 11 ECL allowance as of December 31, 2022 (24) (120) (277) (421) An analysis of the changes in the ECL allowances due to changes in corresponding gross carrying amounts for the year ended December 31, 2021, was the following: Stage 1 Stage 2 Stage 3 Total Collective ECL allowance as of January 1, 2021 (5) (1) (31) (37) Changes because of financial instruments (originated or acquired)/derecognized during the reporting period (29) (4) (30) (63) Transfers between stages — — — — Amounts written off — — 8 8 ECL allowance as of December 31, 2021 (34) (5) (53) (92)

Trade and other receivables (Ta

Trade and other receivables (Tables)	12 Months Ended
Trade and other receivables (Tables)	Dec. 31, 2023
Trade and other receivables
Summary of trade and other receivables	As of December 31, 2023, trade and other receivables consisted of the following: Total as of Expected Net as of December 31, credit loss December 31, 2023 allowance 2023 Cash receivable from agents 695 (10) 685 Deposits issued to merchants 1,303 (40) 1,263 Other receivables 115 (26) 89 Total financial assets 2,113 (76) 2,037 Advances issued 43 — 43 Total trade and other receivables 2,156 (76) 2,080 As of December 31, 2022, trade and other receivables consisted of the following: Total as of Net as of December 31, Expected credit December 31, 2022 loss allowance 2022 Cash receivable from agents 4,385 (325) 4,060 Deposits issued to merchants 6,771 (15) 6,756 Receivables related to marketing activity 3,422 (20) 3,402 Receivables related to guarantees issued and exercised 686 (589) 97 Commissions receivable 394 (30) 364 Other receivables 226 (37) 189 Total financial assets 15,884 (1,016) 14,868 Advances issued 326 — 326 Total trade and other receivables 16,210 (1,016) 15,194
Trade and other receivables (except for advances issued)
Trade and other receivables
Summary of credit risk exposure using provision matrix	December 31, 2022 Days past due Current and <30 days 30-60 days 61-90 days >91 days Total Expected credit loss rate 1.8 % 11 % 47 % 81 % Exposure at default 14,694 255 125 810 15,884 Expected credit loss (268) (29) (59) (660) (1,016) 11. Trade and other receivables (continued)
Summary of analysis of changes in loss allowances for receivables	An analysis of the changes in the ECL allowances due to changes in the corresponding gross carrying amounts for the years ended December 31 was the following: 2021 2022 2023 ECL allowance as of January 1, (284) (509) (1,016) Changes because of financial instruments (originated or acquired)/ derecognized during the reporting period (262) (603) (991) Amounts written off 37 96 216 Assets held for sale — — 1,715 ECL allowance as of December 31, (509) (1,016) (76)

Cash and cash equivalents (Tabl

Cash and cash equivalents (Tables)	12 Months Ended
Cash and cash equivalents (Tables)	Dec. 31, 2023
Cash and cash equivalents
Schedule of cash and cash equivalents	As of December 31, 2023, and 2022, cash and cash equivalents consisted of the following: As of As of December 31, December 31, 2022 2023 Correspondent accounts with Central Bank of Russia (CBR) 3,025 — Сash with banks and on hand 9,833 1,529 Short-term CBR deposits 27,100 — Other short-term bank deposits 7,507 5,771 Less: Allowance for ECL (3) — Total cash and cash equivalents 47,462 7,300
Summary of credit quality of cash and cash equivalents based on scale of Russian rating agencies	As of As of December 31, December 31, 2022 2023 Stage 1 Stage 1 Cash on hand 48 — Cash with CBR 30,136 — Cash with banks rated ruA- and above 9,461 6,000 Cash with banks rated ruB- and above 5,913 1,083 Cash with banks having no rating 1,907 217 Total 47,465 7,300
Schedule of cash and cash equivalents in different currencies	As of As of December 31, December 31, 2022 2023 Russian ruble 39,980 862 Euro 735 2,519 US Dollar 2,230 2,594 Chinese Yuan 2,160 — Others 2,357 1,325 Total 47,462 7,300

Debt securities (Tables)

Debt securities (Tables)	12 Months Ended
Debt securities (Tables)	Dec. 31, 2023
Debt securities
Schedule of debt securities	As of December 31, 2023 Stage 1 Securities accounted at FVOCI Foreign 3,420 Deposits accounted at amortised cost Term 1,573 Total debt securities 4,993 As of December 31, 2022 Stage 1 Stage 2 Total Securities accounted at FVOCI Foreign government bonds 1,021 — 1,021 Russian government bonds 5,632 — 5,632 Corporate bonds rated ruAA-and above 1,381 99 1,480 Corporate bonds rated ruA-and above 4,687 — 4,687 Securities accounted at amortised cost Russian government bonds 4,160 — 4,160 Credit loss allowance (5) — (5) Total debt securities 16,876 99 16,975

Other current assets and othe_2

Other current assets and other current liabilities (Tables)	12 Months Ended
Other current assets and other current liabilities (Tables)	Dec. 31, 2023
Other current assets and other current liabilities
Summary of other current assets	As of As of December 31, December 31, 2022 2023 Other financial assets Reserves at CBR* 63 — Option received from associate (Note 6) 470 — Restricted cash accounts and payments 2,015 474 Less: Allowance for ECL (1,404) (474) Total other financial assets 1,144 — Other non-financial assets Prepaid expenses 191 105 Tax receivables 288 153 Costs of obtaining a contract 455 — Other 117 132 Total other current assets 2,195 390 * Banks are currently required to place mandatory reserves with the CBR to be held in non-interest bearing accounts. Such mandatory reserves are established by the CBR for liabilities in RUR and in foreign currency according to its monetary policy. The amount is excluded from cash and cash equivalents for the purposes of the consolidated statement of cash flows and does not have a repayment date .
Schedule of analysis of the changes in the ECL allowances for other assets	2022 2023 Stage 3 Stage 3 ECL allowance as of January 1, — (1,404) Changes because of financial instruments (originated or acquired)/ (1,404) 558 Translation reserve — (226) Amounts written off — 598 ECL allowance as of December 31, (1,404) (474)
Summary of other current liabilities	As of As of December 31, December 31, 2022 2023 Contract liability related to guarantees issued 1,157 — Deferred income 131 108 Tax payable 913 46 Other 67 — Total other current liabilities 2,268 154

Investments in associates (Tabl

Investments in associates (Tables)	12 Months Ended
Investments in associates (Tables)	Dec. 31, 2023
Investments in associates
Schedule of financial information of associates	As of As of December 31, December 31, 2022 2023 Current assets, including cash and cash equivalents of 377 (2022 – 82) 750 1,177 Non-current assets 497 538 Current liabilities (342) (1,965) Non-current debt (281) (359) Equity 624 (609) Group’s share in equity 12.1% (2022 – 9.9%) 62 — Goodwill 241 479 Group’s carrying amount of the investment 303 479 2021 2022 2023 Revenue 4,296 165 1,635 Cost of revenue (333) (138) (1,262) Other income and expenses, net (3,264) (419) (2,510) including personnel expenses (1,853) (185) (1,027) including depreciation and amortization (168) (16) (97) Total net profit/(loss) 699 (392) (2,137) Group’s share of total net profit/(loss) 314 (39) (239) Gain from contribution to equity by other investors — — 92 Total share of profit/(loss) of an associate 314 (39) (147) Other comprehensive income — 163 58 Group’s share of other comprehensive income — 16 6

Share capital, additional pai_2

Share capital, additional paid-in capital, share premium and other reserves (Tables)	12 Months Ended
	Dec. 31, 2023
Share capital, additional paid-in capital, share premium and other reserves
Summary of authorised, issued and fully paid shares	As of As of As of December 31, December 31, December 31, Authorised shares 2021 2022 2023 Thousands Thousands Thousands Ordinary Class A shares 127,914 127,914 127,914 Ordinary Class B shares 102,936 102,936 102,936 Total authorised shares 230,850 230,850 230,850 As of As of As of December 31, December 31, December 31, Issued and fully paid shares 2021 2022 2023 Thousands Thousands Thousands Ordinary Class A shares 10,414 10,414 10,414 Ordinary Class B shares 52,299 52,299 52,299 Total issued and fully paid shares 62,713 62,713 62,713
Summary of movement in shares outstanding	Number Ordinary Ordinary of outstanding Class A shares Class B shares shares Thousands Thousands Thousands As of December 31, 2021 10,414 52,024 62,438 Increase of share capital due to exercise of options by employees during the year — 11 11 Share-based payments — 264 264 As of December 31, 2022 10,414 52,299 62,713 As of December 31, 2023 10,414 52,299 62,713

Debt (Tables)

Debt (Tables)	12 Months Ended
Debt (Tables)	Dec. 31, 2023
Debt
Schedule of debt	Credit As of As of limit Effective December 31, December 31, (RUB) Interest rate Maturity 2022 2023 Current interest - bearing debt Bank’s credit facility 244 6.0 % January 17, 2024 — 248 Non-current interest - bearing debt Bonds issued 001P-01 series 5,000 9.3 % October 10, 2023 3,922 — Total debt 3,922 248 Including short-term portion 3,922 248
Schedule of movements in the Group's debt	Proceeds Repayment/ Classified as Debt as of from issue of buy back of Interest Interest held for Debt as of January 1 debt debt expense paid sale December 31 2023 3,922 8,159 (3,846) 467 (292) (8,162) 248 2022 4,734 — (810) 360 (362) — 3,922

Trade and other payables (Table

Trade and other payables (Tables)	12 Months Ended
Trade and other payables (Tables)	Dec. 31, 2023
Trade and other payables
Summary of trade and other payables	As of As of December 31, December 31, 2022 2023 Payables to merchants 11,431 4,057 Money remittances and e-wallets accounts payable 8,807 — Deposits received from agents 3,415 439 Payables related to marketing activity 5,751 — Commissions payable 485 40 Accrued personnel expenses and related taxes 2,073 588 Other payables 1,086 424 Total trade and other payables 33,048 5,548

Customer accounts and amounts_2

Customer accounts and amounts due to banks (Tables)	12 Months Ended
Customer accounts and amounts due to banks (Tables)	Dec. 31, 2023
Customer accounts and amounts due to banks
Summary of customer accounts and amounts due to banks	As of As of December 31, December 31, 2022 2023 Legal entities’ current/demand accounts 8,829 — Correspondent accounts of other banks 2,335 — Individuals’ current/demand accounts 39 — Total customer accounts and amounts due to banks 11,203 —

Revenue from contracts with c_2

Revenue from contracts with customers (Tables)	12 Months Ended
Revenue from contracts with customers (Tables)	Dec. 31, 2023
Revenue from contracts with customers.
Schedule of revenue from contracts with customers	Revenue from contracts with customers from continuing operations for the years ended December 31 was as follows: 2021 2022 2023 Payment processing fees 1,718 3,865 6,332 Other revenue 158 139 185 Total revenue from contracts with customers 1,876 4,004 6,517 Revenue from contracts with customers from discontinued operations for the years ended December 31 was as follows: 2021 2022 2023 Payment processing fees 31,679 33,824 26,426 Platform and marketing services related fees 808 1,950 22,411 Fees for guarantees issued 723 1,523 1,844 Cash and settlement service fees 500 1,352 3,008 Other revenue 325 399 671 Total revenue from contracts with customers 34,035 39,048 54,360
Schedule of interest income, net	2021 2022 2023 Interest revenue calculated using the effective interest rate (3,453) (6,764) (8,805) Interest expense classified as part of cost of revenue 505 454 500 Interest income and expenses from non-banking loans, net, classified separately in the consolidated statement of comprehensive income (92) (58) 26 Interest income, net, for the purposes of consolidated cash flow statement (3,040) (6,368) (8,279)

Cost of revenue (Tables)

Cost of revenue (Tables)	12 Months Ended
Cost of revenue (Tables)	Dec. 31, 2023
Cost of revenue
Schedule of cost of revenue	Cost of revenue from continuing operations for the years ended December 31 was as follows: 2021 2022 2023 Transaction costs 959 2,551 4,171 Other expenses 117 139 184 Total cost of revenue 1,076 2,690 4,355 Cost of revenue from discontinued operations for the years ended December 31 was as follows: 2021 2022 2023 Transaction costs 14,933 11,568 10,479 Platform and marketing services related expenses 112 1,035 18,343 Guarantees issued related expenses 380 725 831 Interest expense 505 454 500 Other expenses 1,016 893 960 Total cost of revenue 16,946 14,675 31,113

Selling, general and administ_2

Selling, general and administrative expenses (Tables)	12 Months Ended
Selling, general and administrative expenses (Tables)	Dec. 31, 2023
Selling, general and administrative expenses
Summary of selling, general and administrative expenses	Selling, general and administrative expenses from continuing operations for the years ended December 31 were as follows: 2021 2022 2023 Advisory and audit services 758 522 563 Other expenses 82 165 360 Total selling, general and administrative expenses 840 687 923 Selling, general and administrative expenses from discontinued operations for the years ended December 31 were as follows: 2021 2022 2023 Advertising, client acquisition and related expenses 330 404 535 Tax expenses, except income and payroll related taxes 390 360 351 Advisory and audit services 216 274 387 Rent of premises 96 91 126 Expenses related to Tochka platform services 365 570 1,306 IT related services 380 367 429 Business travel and representative expenses 179 451 506 Other expenses 432 563 679 Total selling, general and administrative expenses 2,388 3,080 4,319

Dividends paid and proposed (Ta

Dividends paid and proposed (Tables)	12 Months Ended
Dividends paid and proposed (Tables)	Dec. 31, 2023
Dividends paid and proposed
Schedule of dividends paid and proposed	2021 2022 2023 Proposed, declared and approved during the year: 2023: no dividends — 2022: no dividends — 2021: Final dividend for 2020: U.S.$ 19,347,534 or U.S.$ 0.31 per share, Interim dividend for 2021: U.S.$ 51,197,062 or U.S.$ 0.82 per share 5,179 Paid during the period: 2023: no dividends — 2022: no dividends — 2021: Final dividend for 2020: U.S.$ 19,347,534 or U.S.$ 0.31 per share, Interim dividend for 2021: U.S.$ 51,197,062or U.S.$ 0.82 per share 5,211 Proposed for approval (not recognized as a liability as of December 31): 2023: no dividends — 2022: no dividends — 2021: no dividends — Dividends payable as of December 31 — — — The difference between paid and declared dividends represents foreign exchange movement

Income tax (Tables)

Income tax (Tables)	12 Months Ended
Income tax (Tables)	Dec. 31, 2023
Income tax
Summary of deferred income tax	Consolidated statement of Consolidated statement of financial position as of comprehensive income for the December 31 year ended 2022 2023 2022 2023 PL OCI PL OCI Intangible assets (716) 104 61 — 820 — Trade and other payables 493 406 230 — (87) — Trade and other receivables 6 106 (64) — 83 — Debt instruments — 143 (9) (52) 23 123 Tax loss carry forwards 3 26 (24) — 23 — Loans issued (33) 105 (25) — 138 — Lease obligations 43 86 (91) — 43 — Property and equipment (103) 150 37 — 253 — Taxes on unremitted earnings (1,122) (72) (257) — 1,050 — Other (210) (116) (127) — 91 — Net deferred income tax assets/ (liabilities) (1,639) 938 (269) (52) 2,437 123 including: Deferred tax assets 208 29 Deferred tax assets held for sale — 985 Deferred tax liabilities (1,847) (76) 2021 2022 2023 Deferred income tax asset/(liability), net as of January 1 (952) (1,139) (1,639) Effect of business combinations — (179) 17 Deferred tax benefit/(expense) (187) (321) 2,560 Deferred tax assets held for sale — — (985) Deferred income tax asset/(liability), net as of December 31 (1,139) (1,639) (47)
Summary of income tax expense	2021 2022 2023 Total tax expense Current income tax expense (178) (163) (262) Deferred tax benefit/(expense) (312) (381) 2 Income tax expense reported in the statement of profit or loss (490) (544) (260)
Schedule of reconciliation of theoretical and actual income tax expense	2021 2022 2023 Profit/(Loss) before tax from continuing operations 8,230 (1,192) 2,647 Profit before tax from discontinued operations 12,386 19,376 2,298 Accounting profit before tax 20,616 18,184 4,945 Theoretical income tax expense at the domestic rate in each individual jurisdiction (3,464) (3,799) (862) Windfall tax — — (449) (Increase)/decrease resulting from the tax effect of: Non-taxable income 1,098 82 147 Non-deductible expenses (319) (335) (1,510) Taxes on unremitted earnings (338) (373) 825 Unrecognized deferred tax assets (57) (4) (20) Total income tax expense (3,080) (4,429) (1,869) Income tax attributable to continuing operations (490) (544) (260) Income tax attributable to discontinued operations (2,590) (3,885) (1,609)

Balances and transactions wit_2

Balances and transactions with related parties (Tables)	12 Months Ended
Balances and transactions with related parties (Tables)	Dec. 31, 2023
Balances and transactions with related parties
Summary of balances and transactions with related parties	For the year ended December 31, 2023 As of December 31, 2023 Purchases/ Amounts Amounts Sales to/ expenses owed by owed to income from from related related related related parties parties parties parties Associates 111 — 537 (39) Key management personnel — (467) — (328) Other related parties 22 (54) — (48) For the year ended December 31, 2022 As of December 31, 2022 Purchases/ Amounts Amounts Sales to/ expenses owed by owed to income from from related related related related parties parties parties parties Associates 3 — — (3) Key management personnel — (429) — (244) Other related parties 7 (71) 101 (11)

Risk management (Tables)

Risk management (Tables)	12 Months Ended
Risk management (Tables)	Dec. 31, 2023
Risk management
Summary of sensitivity to reasonably possible changes in US Dollar and Euro exchange rate against Ruble	change in the Effect on profit before tax exchange rate Gain/(loss) 2023 USD +10% 304 -10% (304) EUR +10% 543 -10% (543) 2022 USD +10% 263 -10% (263)
Summary of maturity profile of financial liabilities	Due: Within a More than a Total On demand year year Debt 248 — 248 — Lease liabilities 34 — 26 8 Trade and other payables 5,548 5,548 — — Total as of December 31, 2023 5,830 5,548 274 8 27. Risk management (continued) Liquidity risk and capital management (continued) Due: Within a More than a Total On demand year year Debt 4,251 — 4,251 — Lease liabilities 472 — 317 155 Trade and other payables 33,048 33,048 — — Customer accounts and amounts due to banks 11,203 11,203 — — Financial guarantees 1,000 — 500 500 Undrawn credit commitments 1,618 1,618 — — Total as of December 31, 2022 51,592 45,869 5,068 655
Summary of largest counterparties balances	Trade and other receivables As of December 31, As of December 31, 2022 2023 Concentration of credit risks by main counterparties, % from total amount Top 5 counterparties 31 % 46 % Others 69 % 54 %
Sensitivity analysis for market risk	Other comprehensive income/(loss) As of December 31, As of December 31, 2022 2023 100 bp rise of interest rate (242) (9) 100 bp fall of interest rate 242 9

Financial instruments (Tables)

Financial instruments (Tables)	12 Months Ended
Financial instruments (Tables)	Dec. 31, 2023
Financial instruments
Summary of fair values of financial instruments	As of December 31, 2023 Carrying Fair Carrying Fair Carrying Fair amount value amount value amount value Financial assets Ongoing Held for sale Total Debt securities and deposits AC 1,573 1,573 5,108 4,734 6,681 6,307 Debt securities FVOCI 3,420 3,420 26,232 26,232 29,652 29,652 Long-term loans AC — — 518 518 518 518 Long-term loans FVPL 4,205 4,205 — — 4,205 4,205 Financial liabilities Bonds issued AC — — 8,162 8,203 8,162 8,203 The fair value of the Group’s financial instruments as of December 31, 2022 is presented by type of the financial instrument in the table below: As of December 31, 2022 Carrying Fair amount value Financial assets Debt securities and deposits AC 4,155 4,131 Debt securities FVOCI 12,820 12,820 Long-term loans AC 822 822 Long-term loans FVPL 21 21 Option received from associate FVPL 470 470 Financial liabilities Bonds issued AC 3,922 3,887 28. Financial instruments (continued)
Summary of fair value measurement hierarchy of financial instruments	Fair value measurement using Quoted prices Significant Significant in active observable unobservable markets inputs inputs Date of valuation Total (Level 1) (Level 2) (Level 3) Assets accounted at fair value through profit or loss Long-term loans December 31, 2023 4,205 — — 4,205 Assets accounted at fair value through other comprehensive income Debt securities December 31, 2023 29,652 29,652 — — Assets for which fair values are disclosed Debt securities and deposits December 31, 2023 6,307 6,307 — — Long-term loans December 31, 2023 518 — — 518 Liabilities for which fair values are disclosed Bonds issued December 31, 2023 8,203 8,203 — — Assets accounted at fair value through profit or loss Long-term loans December 31, 2022 21 — — 21 Option received from associate December 31, 2022 470 — — 470 Assets accounted at fair value through other comprehensive income Debt securities December 31, 2022 12,820 12,820 — — Assets for which fair values are disclosed Debt securities and deposits December 31, 2022 4,131 4,131 — — Long-term loans December 31, 2022 822 — — 822 Liabilities for which fair values are disclosed Bonds issued December 31, 2022 3,887 3,887 — —

Principles underlying prepara_4

Principles underlying preparation of consolidated financial statements - Changes in presentation (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Principles underlying preparation of consolidated financial statements
Revenue from contracts with customers	₽ 6,517	₽ 4,004	[1]	₽ 1,876	[1]
Discontinued operations
Principles underlying preparation of consolidated financial statements
Revenue from contracts with customers	54,360	39,048		34,035
Continuing and discontinued operations
Principles underlying preparation of consolidated financial statements
Revenue from contracts with customers	₽ 60,877	43,052		35,911
Revenue from contracts with customers previously reported as payment processing fees \| Continuing and discontinued operations
Principles underlying preparation of consolidated financial statements
Amount of change in presentation		37,689		33,397
Revenue from contracts with customers previously reported as other revenue \| Continuing and discontinued operations
Principles underlying preparation of consolidated financial statements
Amount of change in presentation		₽ 5,363		₽ 2,514

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Summary of material accountin_3

Summary of material accounting policy information - Foreign currency translation (Details)	12 Months Ended
	Dec. 31, 2023 ₽ / ₸	Dec. 31, 2023 ₽ / ₸ ₽ / $	Dec. 31, 2023 ₽ / € ₽ / ₸	Dec. 31, 2022 ₽ / ₸	Dec. 31, 2022 ₽ / ₸ ₽ / $	Dec. 31, 2022 ₽ / ₸ ₽ / €	Dec. 31, 2023 ₽ / $	Dec. 31, 2023 ₽ / €	Dec. 31, 2022 ₽ / $	Dec. 31, 2022 ₽ / €
Summary of material accounting policy information
Average exchange rates	0.186765	85.2466	92.2406	0.148608	68.5494	72.5259
Exchange rates	0.197708	0.197708	0.197708	0.152583	0.152583	0.152583	89.6883	99.1919	70.3375	75.6553

Summary of material accountin_4

Summary of material accounting policy information - Intangible assets (Details)	12 Months Ended
	Dec. 31, 2023
Bank license (indefinite life license)
Summary of significant accounting policies
Amortization period of intangible assets	indefinite
Minimum \| Customer relationships
Summary of significant accounting policies
Amortization period of intangible assets	4 years
Minimum \| Computer Software
Summary of significant accounting policies
Amortization period of intangible assets	2 years
Minimum \| Trademarks and other intangible assets
Summary of significant accounting policies
Amortization period of intangible assets	3 years
Maximum \| Customer relationships
Summary of significant accounting policies
Amortization period of intangible assets	15 years
Maximum \| Computer Software
Summary of significant accounting policies
Amortization period of intangible assets	9 years
Maximum \| Trademarks and other intangible assets
Summary of significant accounting policies
Amortization period of intangible assets	11 years

Summary of material accountin_5

Summary of material accounting policy information - Employee benefits (Details) - Russia - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Summary of significant accounting policies
Defined contributions to pension funds	₽ 1,439	₽ 749	₽ 679
Maximum
Summary of significant accounting policies
Percentage of defined contributions to pension funds	30%	30%	30%
Minimum
Summary of significant accounting policies
Percentage of defined contributions to pension funds	15%	15%	15%

Significant accounting judgme_2

Significant accounting judgments, estimates and assumptions (Details)	12 Months Ended
	Dec. 31, 2023
Significant accounting judgments estimates and assumptions
Past due period of contractual payments for significant increase in credit risk consideration	30 days
Past due period of contractual payments for default consideration	90 days
Past due period of contractual payments for default consideration, debt securities and accounts or deposits within financial institutions	14 days

Consolidated subsidiaries (Deta

Consolidated subsidiaries (Details)	Dec. 31, 2023	Dec. 31, 2022
Advanced Digital Applications Holding Ltd (BVI)
Group structure
Ownership interest in associate	12.60%	9.90%
JSC QIWI (Russia)
Group structure
Ownership interest in subsidiaries	100%	100%
QIWI Bank JSC (Russia)
Group structure
Ownership interest in subsidiaries	100%	100%
QIWI Payments Services Provider Ltd (UAE)
Group structure
Ownership interest in subsidiaries		100%
QIWI International Payment System LLC (USA)
Group structure
Ownership interest in subsidiaries	100%	100%
Qiwi Kazakhstan LP (Kazakhstan)
Group structure
Ownership interest in subsidiaries	100%	100%
JLLC OSMP BEL (Belarus)
Group structure
Ownership interest in subsidiaries	51%	51%
QIWI-M S.R.L. (Moldova)
Group structure
Ownership interest in subsidiaries	51%	51%
QIWI Technologies LLC (Russia)
Group structure
Ownership interest in subsidiaries	100%	80%
ROWI Factoring Plus LLC (Russia)
Group structure
Ownership interest in subsidiaries	51%	51%
ContactPay Solution (United Kingdom)
Group structure
Ownership interest in subsidiaries	100%	100%
Rocket Universe LLC (Russia)
Group structure
Ownership interest in subsidiaries	100%	100%
Billing Online Solutions LLC (Russia)
Group structure
Ownership interest in subsidiaries	100%	100%
Flocktory Ltd (Cyprus)
Group structure
Ownership interest in subsidiaries	100%	100%
Flocktory Spain S.L. (Spain)
Group structure
Ownership interest in subsidiaries	100%	100%
FreeAtLast LLC (Russia)
Group structure
Ownership interest in subsidiaries	100%	100%
SETTE FZ-LLC (UAE)
Group structure
Ownership interest in subsidiaries	100%	100%
LALIRA DMCC (UAE)
Group structure
Ownership interest in subsidiaries	100%	100%
MFC Polet Finance LLC(Russia)
Group structure
Ownership interest in subsidiaries	100%	100%
QIWI Finance LLC (Russia)
Group structure
Ownership interest in subsidiaries	100%	100%
ROWI Tech LLC (Russia)
Group structure
Ownership interest in subsidiaries	51%	51%
Flocktory LLC (Russia)
Group structure
Ownership interest in subsidiaries	100%	100%
Qiwi Lab LLC (Russia)
Group structure
Ownership interest in subsidiaries	100%	100%
QIWI Payments LLC (Russia)
Group structure
Ownership interest in subsidiaries	100%	80%
IntellectMoney LLC (Russia)
Group structure
Ownership interest in subsidiaries	100%	100%
Managing Company "RealWeb" Ltd (Russia)
Group structure
Ownership interest in subsidiaries	100%	100%
IA RealWeb Ltd (Russia)
Group structure
Ownership interest in subsidiaries	75%	75%
Sfera LLC (Russia)
Group structure
Ownership interest in subsidiaries	83%	83%
Centra Ltd (Russia)
Group structure
Ownership interest in subsidiaries	100%	100%
Fusion Tech Ltd (Russia)
Group structure
Ownership interest in subsidiaries		100%
De Vision Ltd (Russia)
Group structure
Ownership interest in subsidiaries	75%	75%
Vailmobail LLC (Russia)
Group structure
Ownership interest in subsidiaries	75%	75%
Konversiya LLC (Russia)
Group structure
Ownership interest in subsidiaries	75%	75%
IA REAL WEB CJSC (Armenia)
Group structure
Ownership interest in subsidiaries	75%	75%
RW Consulting SIA (Latvia)
Group structure
Ownership interest in subsidiaries		83%
RealWeb Latvia SIA (Latvia)
Group structure
Ownership interest in subsidiaries		83%
IT LAB AND PAYMENTS FE LLC (Uzbekistan)
Group structure
Ownership interest in subsidiaries	100%	100%
Epic Growth LLC (Russia)
Group structure
Ownership interest in subsidiaries	83%
Data Go LLC (Russia)
Group structure
Ownership interest in subsidiaries	75%

Acquisitions, disposals and d_3

Acquisitions, disposals and discontinued operations -Sale of RealWeb Latvia (Details) - RUB (₽) ₽ in Millions	1 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2023
Discontinued operations
Cash disposal upon sale of subsidiaries		₽ (177)
Latvia
Discontinued operations
Cash disposal upon sale of subsidiaries	₽ (186)

Acquisitions, disposals and d_4

Acquisitions, disposals and discontinued operations - Sale of Russian business (Details) - RUB (₽) ₽ in Millions		1 Months Ended
	Dec. 31, 2023	Oct. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets
Debt securities			₽ 16,975
Deferred tax assets	₽ 29		208
Cash and cash equivalents	7,300		47,462
Total assets	122,237		111,926
Liabilities
Customer accounts and amounts due to banks			11,203
Debt	248		3,922	₽ 4,734
Accumulated other comprehensive income [abstract]
Foreign currency translation reserve	163		401
Non-current assets	4,870		₽ 18,846
Assets and liabilities classified as held for sale
Assets
Deferred tax assets	985
Russian business
Assets
Debt securities	31,340
Loans issued	19,745
Tax receivables	416
Deferred tax assets	985
Trade and other receivables	18,187
Other assets	926
Cash and cash equivalents	30,796
Total assets	102,395
Liabilities
Deferred income	1,485
Tax payables	779
Trade and other payables	28,984
Customer accounts and amounts due to banks	15,949
Debt	8,162
Lease liabilities	462
Other liabilities	138
Liabilities directly associated with the assets held for sale	55,959
Net assets directly associated with the disposal group	46,436
Accumulated other comprehensive income [abstract]
Foreign currency translation reserve	31
Reserve for debt instruments at FVOCI	(280)
Reserve of disposal group classified as held for sale	(249)
Net liabilities of discontinued operations owed to continuing operations, eliminated as intra-group balances	3,999
Impairment loss for write-down of non-current assets following classification as held for sale	14,354
Non-current assets	0
Russian business \| Unsecured bonds issued in October 2023
Accumulated other comprehensive income [abstract]
Principal amount		₽ 8,500
Borrowings, interest rate basis		RUONIA
Nominal adjustment to interest rate (in percent)		3.40%
Effective adjustment to interest rate (in percent)		3.60%
Bond issue costs		₽ 80
Russian business \| Goodwill
Accumulated other comprehensive income [abstract]
Impairment loss for write-down of non-current assets following classification as held for sale	8,724
Russian business \| Intangible assets
Accumulated other comprehensive income [abstract]
Impairment loss for write-down of non-current assets following classification as held for sale	4,017
Russian business \| Property and equipment
Accumulated other comprehensive income [abstract]
Impairment loss for write-down of non-current assets following classification as held for sale	₽ 1,613
JSC QIWI
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	100%
QIWI Bank JSC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	100%
QIWI Technologies LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	100%
ROWI Factoring Plus LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	51%
Rocket Universe LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	100%
Billing Online Solutions LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	100%
FreeAtLast LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	100%
QIWI Finance LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	100%
ROWI Tech LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	51%
Flocktory LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	100%
Qiwi Lab LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	100%
QIWI Payments LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	100%
IntellectMoney LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	100%
Managing Company "RealWeb" Ltd
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	100%
IA RealWeb Ltd
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	75%
Sfera LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	83%
Centra Ltd
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	100%
De Vision Ltd
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	75%
Vailmobail LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	75%
Konversiya LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	75%
Epic Growth LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	83%
Data Go LLC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	75%
IA REAL WEB CJSC
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	75%
JLLC OSMP BEL
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	51%
QIWI-M S.R.L.
Assets held for sale and discontinued operations
Ownership interest in subsidiaries	51%

Acquisitions, disposals and d_5

Acquisitions, disposals and discontinued operations - RF and Latvia discontinued operations (Details) - RUB (₽) ₽ / shares in Units, ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Discontinued operations
Revenue:	₽ 7,205	₽ 4,214	[1]	₽ 2,064	[1]
Revenue from contracts with customers	6,517	4,004	[1]	1,876	[1]
Interest revenue calculated using the effective interest rate	588	140	[1]	81	[1]
Fees from inactive accounts and unclaimed payments	100	70	[1]	107	[1]
Operating costs and expenses:	(6,181)	(5,277)	[1]	(2,573)	[1]
Cost of revenue, exclusive of items shown separately below	(4,355)	(2,690)	[1]	(1,076)	[1]
Selling, general and administrative expenses	(923)	(687)	[1]	(840)	[1]
Personnel expenses	(1,179)	(859)	[1]	(624)	[1]
Depreciation and amortization	(69)	(26)	[1]	(24)	[1]
Credit loss expense	399	(979)	[1]	3	[1]
Impairment of non-current assets	(54)	(36)	[1]	(12)	[1]
(Loss)/Profit from operations	1,024	(1,063)	[1]	(509)	[1]
Foreign exchange (loss)/gain, net	447	(453)	[1]	(6)	[1]
Other income and expenses, net	899	363	[1]	262	[1]
Profit before tax from the ordinary activities	2,647	(1,192)	[1]	8,230	[1]
Total profit for the year from discontinued operations	689	15,491	[1]	9,796	[1]
Discontinued operations
Discontinued operations
Revenue:	64,115	47,288		39,071
Revenue from contracts with customers	54,360	39,048		34,035
Interest revenue calculated using the effective interest rate	8,217
Fees from inactive accounts and unclaimed payments	1,538
Operating costs and expenses:	(49,277)
Cost of revenue, exclusive of items shown separately below	(31,113)	(14,675)		(16,946)
Selling, general and administrative expenses	(4,319)
Personnel expenses	(10,738)
Depreciation and amortization	(1,276)
Credit loss expense	(1,831)
(Loss)/Profit from operations	14,838
Foreign exchange (loss)/gain, net	1,894
Other income and expenses, net	(63)
Profit before tax from the ordinary activities	16,669
Income tax expense	(3,535)
Net profit from the ordinary activities	13,134
Impairment loss recognised on the remeasurement to bring down to fair value less costs to sell	(14,354)
Income tax related to remeasurement to fair value less costs to sell	1,926
Loss on sale of discontinued operations	(17)
Total profit for the year from discontinued operations	689
Attributable to:
Equity holders of the parent	381
Non-controlling interests	₽ 308
Earnings per share for discontinued operations
Basic, profit from discontinued operations attributable to ordinary equity holders of the parent	₽ 6.08
Diluted, profit from discontinued operations attributable to ordinary equity holders of the parent	₽ 6.08
RF
Discontinued operations
Revenue:	₽ 59,541	47,288		39,071
Revenue from contracts with customers	49,786	39,048		34,035
Interest revenue calculated using the effective interest rate	8,217	6,624		3,372
Fees from inactive accounts and unclaimed payments	1,538	1,616		1,664
Operating costs and expenses:	(44,736)	(27,637)		(26,557)
Cost of revenue, exclusive of items shown separately below	(26,627)	(14,675)		(16,946)
Selling, general and administrative expenses	(4,302)	(3,080)		(2,388)
Personnel expenses	(10,701)	(7,410)		(5,766)
Depreciation and amortization	(1,276)	(1,059)		(1,106)
Credit loss expense	(1,830)	(1,402)		(339)
Impairment of non-current assets		(11)		(12)
(Loss)/Profit from operations	14,805	19,651		12,514
Foreign exchange (loss)/gain, net	1,893	(197)		(23)
Other income and expenses, net	(62)	(78)		(105)
Profit before tax from the ordinary activities	16,636	19,376		12,386
Income tax expense	(3,528)	(3,885)		(2,590)
Net profit from the ordinary activities	13,108	15,491		9,796
Impairment loss recognised on the remeasurement to bring down to fair value less costs to sell	(14,354)
Income tax related to remeasurement to fair value less costs to sell	1,926
Total profit for the year from discontinued operations	680	15,491		9,796
Attributable to:
Equity holders of the parent		14,855		9,659
Non-controlling interests		₽ 636		₽ 137
Earnings per share for discontinued operations
Basic, profit from discontinued operations attributable to ordinary equity holders of the parent		₽ 237.23		₽ 154.71
Diluted, profit from discontinued operations attributable to ordinary equity holders of the parent		₽ 237.23		₽ 154.66
Latvia
Discontinued operations
Revenue:	4,574
Revenue from contracts with customers	4,574
Operating costs and expenses:	(4,541)
Cost of revenue, exclusive of items shown separately below	(4,486)
Selling, general and administrative expenses	(17)
Personnel expenses	(37)
Credit loss expense	(1)
(Loss)/Profit from operations	33
Foreign exchange (loss)/gain, net	1
Other income and expenses, net	(1)
Profit before tax from the ordinary activities	33
Income tax expense	(7)
Net profit from the ordinary activities	26
Loss on sale of discontinued operations	(17)
Total profit for the year from discontinued operations	₽ 9

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Acquisitions, disposals and d_6

Acquisitions, disposals and discontinued operations - Net cash flow discontinued operations (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Acquisitions, disposals and discontinued operations
Operating	₽ 6,853	₽ 15,634	₽ (2,852)
Investing	(16,705)	(2,033)	(7,660)
Financing	3,438	(1,205)	(2,200)
Net cash (outflow)/inflow	₽ (6,414)	₽ 12,396	₽ (12,712)

Acquisitions, disposals and d_7

Acquisitions, disposals and discontinued operations - Acquisition of Taxiaggregator (Details) - RUB (₽) ₽ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2023	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2021	Jan. 31, 2022
Net assets acquired:
Payment for acquisition of non-controlling interest			₽ 304
Taxiaggregator
Acquisitions
Percentage of voting equity interests acquired	20%				80%
Percentage of equity owned by former owner					20%
The acquisition date fair value of the Group's previously held interest					₽ 116
Cash consideration					706
Total consideration transferred					822
Consideration paid		₽ 215		₽ 491
Net assets acquired:
Intangible assets					233
Software					64
Customer relationships					169
Deferred tax liabilities					(39)
Total identifiable net assets at fair value					194
Group's share of net assets acquired					156
Goodwill arising on acquisition					666
Goodwill expected to be deductible for income tax purposes					₽ 0
Payment for acquisition of non-controlling interest	₽ 304
Taxiaggregator \| Expenses for information services
Acquisitions
Amounts for transactions recognised separately from business combination				₽ 139

Acquisitions, disposals and d_8

Acquisitions, disposals and discontinued operations - Acquisition of RealWeb (Details) - RUB (₽) ₽ in Millions		1 Months Ended	12 Months Ended
	Dec. 15, 2022	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Analysis of cash flows on acquisition:
Total cash acquired in business combination			₽ (47)	₽ 1,012	₽ (501)
RealWeb
Acquisitions
Percentage of voting equity interests acquired	79%
Cash consideration	₽ 1,773
Net assets acquired:
Intangible assets	1,163
Software	792
Trademarks	371
Trade and other receivables	3,248
Cash and cash equivalents	3,089
Other assets	116
Deferred tax	(123)
Trade and other payables	(6,140)
Other liabilities	(273)
Total identifiable net assets at fair value	1,080
Group's share of net assets acquired	849
Goodwill arising on acquisition	924
Goodwill expected to be deductible for income tax purposes	0
Revenue from the acquisition date to the reporting date		₽ 981
Analysis of cash flows on acquisition:
Cash paid	(1,773)
Net cash acquired with the subsidiaries	3,089
Total cash acquired in business combination	₽ 1,316

Acquisitions, disposals and d_9

Acquisitions, disposals and discontinued operations - Investment in associate (Details) - Fintech company that provides financial services for underbanked customers in Middle East and North Africa region ₽ in Millions, $ in Millions	1 Months Ended
	Sep. 30, 2022 USD ($)	Jun. 30, 2023 RUB (₽)	Sep. 30, 2022 RUB (₽)
Disclosure of associates
Maximum percentage of stake that the company has option to increase	26%
Cash consideration transferred	$ 11		₽ 660
Fair value of option received from associate			(333)
Total consideration			327
Net assets acquired:
Intangible assets			408
Accounts receivable			610
Cash and cash equivalents			603
Other assets			25
Debt			(512)
Trade and other payables			(204)
Other liabilities			(57)
Total identifiable net assets at fair value			873
Group's share of net assets acquired			86
Goodwill arising on acquisition			₽ 241
Proportion of ownership interest in associate	9.90%
Proportion of additional ownership interest acquired in associate		3.20%
Cash consideration transferred for additional ownership interest in associate		₽ 315
Goodwill recognised on acquisition of additional ownership interest in associate		₽ 308

Acquisitions, disposals and _10

Acquisitions, disposals and discontinued operations - Result of disposal of associate (Details) - RUB (₽) ₽ in Millions		3 Months Ended		12 Months Ended
		Jun. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021
Discontinued operations
Total gain on disposal	[1]				₽ 8,177
Contingent consideration received				₽ 4,855	₽ 4,947
JSC Tochka
Discontinued operations
Percentage of ownership interest in associate sold			40%
Percentage of economic interest sold			45%
Fixed amount			₽ 4,947
Amount contingent on Tochka's earnings for the year 2021			4,647
Dividends received from associate			532
Carrying amount of disposed investment			(1,949)
Total gain on disposal			₽ 8,177
Contingent consideration received		₽ 4,855

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Operating segments (Details)

Operating segments (Details) - RUB (₽) ₽ in Millions	12 Months Ended
Operating segments (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of operating segments
Revenue	₽ 7,205	₽ 4,214	[1]	₽ 2,064	[1]
Cost of revenues	(4,355)	(2,690)	[1]	(1,076)	[1]
Profit/(loss) before tax	2,647	(1,192)	[1]	8,230	[1]
Net profit/(loss) from continuing operations	2,387	(1,736)	[1]	7,740	[1]
Net profit/(loss)	3,076	13,755	[1]	17,536	[1]
Discontinued operations
Disclosure of operating segments
Revenue	64,115	47,288		39,071
Cost of revenues	(31,113)	(14,675)		(16,946)
Profit/(loss) before tax	16,669
Profit (loss) before tax from discontinued operations	2,298	19,376		12,386
Net profit/(loss)	689	15,491		9,796
Continuing and discontinued operations
Disclosure of operating segments
Segments net revenue	35,852	34,137		23,113
PS \| Continuing and discontinued operations
Disclosure of operating segments
Segments net revenue	27,653	30,103		21,100
DM \| Continuing and discontinued operations
Disclosure of operating segments
Segments net revenue	4,283	815		611
CO \| Continuing and discontinued operations
Disclosure of operating segments
Segments net revenue	3,916	3,219		1,402
Operating segments \| Continuing and discontinued operations
Disclosure of operating segments
Profit/(loss) before tax	18,693	18,509		12,712
Net profit/(loss)	15,267	13,996		9,594
Operating segments \| PS \| Continuing and discontinued operations
Disclosure of operating segments
Profit/(loss) before tax	14,962	20,036		13,832
Net profit/(loss)	11,944	15,799		10,971
Operating segments \| DM \| Continuing and discontinued operations
Disclosure of operating segments
Profit/(loss) before tax	1,173	116		(23)
Net profit/(loss)	1,017	128		(47)
Operating segments \| CO \| Continuing and discontinued operations
Disclosure of operating segments
Profit/(loss) before tax	2,558	(1,643)		(1,097)
Net profit/(loss)	2,306	(1,931)		(1,330)
Material reconciling items, gain on disposal of an associate \| Continuing and discontinued operations
Disclosure of operating segments
Profit/(loss) before tax				8,177
Net profit/(loss)				8,177
Material reconciling items, fair value adjustments and their amortization \| Continuing and discontinued operations
Disclosure of operating segments
Profit/(loss) before tax	253	(219)		(241)
Net profit/(loss)	253	(219)		(241)
Material reconciling items, gain on disposal of subsidiary \| Continuing and discontinued operations
Disclosure of operating segments
Profit/(loss) before tax	407
Net profit/(loss)	407
Material reconciling items, impairment of non-current assets \| Continuing and discontinued operations
Disclosure of operating segments
Profit/(loss) before tax	(14,408)	(47)		(24)
Net profit/(loss)	(14,408)	(47)		(24)
Material reconciling items, share-based payments \| Continuing and discontinued operations
Disclosure of operating segments
Profit/(loss) before tax		(59)		(8)
Net profit/(loss)		(59)		(8)
Material reconciling items, effect from taxation \| Continuing and discontinued operations
Disclosure of operating segments
Net profit/(loss)	₽ 1,557	₽ 84		₽ 38

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Operating segments - Geographic

Operating segments - Geographic information (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of geographical areas
Revenue	₽ 7,205	₽ 4,214	[1]	₽ 2,064	[1]
Discontinued operations
Disclosure of geographical areas
Revenue	64,115	47,288		39,071
CIS
Disclosure of geographical areas
Revenue	3,054	2,401		1,647
EU
Disclosure of geographical areas
Revenue	1,408	690		288
US and Canada
Disclosure of geographical areas
Revenue	1,289	404		54
Russia \| Discontinued operations
Disclosure of geographical areas
Revenue	58,602	45,765		36,988
Other countries
Disclosure of geographical areas
Revenue	1,454	719		75
Other countries \| Discontinued operations
Disclosure of geographical areas
Revenue	₽ 5,513	₽ 1,523		₽ 2,083

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Operating segments - Major cust

Operating segments - Major customers (Details) - customer	12 Months Ended
Operating segments - Major customers (Details) - customer	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of operating segments
Number of customers exceeding ten percent of revenue	0	0	1
Major customer one \| PS
Disclosure of operating segments
Percentage of entity's revenue			16.30%

Operating segments - Disaggrega

Operating segments - Disaggregated revenue information (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of disaggregation of revenue from contracts with customers
Payment processing fees	₽ 6,332	₽ 3,865		₽ 1,718
Other revenue	185	139		158
Total revenue from contracts with customers	6,517	4,004	[1]	1,876	[1]
Continuing and discontinued operations
Disclosure of disaggregation of revenue from contracts with customers
Payment processing fees	32,758	37,689		33,397
Cash and settlement service fees	3,047	1,378		500
Platform and marketing services related fees	22,544	2,055		958
Fees for guarantees issued	1,844	1,523		723
Other revenue	684	407		333
Total revenue from contracts with customers	60,877	43,052		35,911
Continuing and discontinued operations \| PS
Disclosure of disaggregation of revenue from contracts with customers
Payment processing fees	32,758	37,689		33,397
Cash and settlement service fees	3,021	1,299		114
Platform and marketing services related fees	126	119		145
Fees for guarantees issued	13	17		20
Other revenue	419	374		322
Total revenue from contracts with customers	36,337	39,498		33,998
Continuing and discontinued operations \| DM
Disclosure of disaggregation of revenue from contracts with customers
Platform and marketing services related fees	22,418	1,936		813
Other revenue	183
Total revenue from contracts with customers	22,601	1,936		813
Continuing and discontinued operations \| CO
Disclosure of disaggregation of revenue from contracts with customers
Cash and settlement service fees	26	79		386
Fees for guarantees issued	1,831	1,506		703
Other revenue	82	33		11
Total revenue from contracts with customers	1,939	1,618		1,100
Discontinued operations
Disclosure of disaggregation of revenue from contracts with customers
Payment processing fees	26,426	33,824		31,679
Cash and settlement service fees	3,008	1,352		500
Platform and marketing services related fees	22,411	1,950		808
Fees for guarantees issued	1,844	1,523		723
Other revenue	671	399		325
Total revenue from contracts with customers	₽ 54,360	₽ 39,048		₽ 34,035

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Earnings per share (Details)

Earnings per share (Details) - RUB (₽) ₽ in Millions	12 Months Ended
Earnings per share (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings per share
Profit/(loss) from continuing operations attributable to ordinary equity holders of parent, basic	₽ 2,387	₽ (1,736)	₽ 7,740
Profit/(loss) from discontinued operations attributable to ordinary equity holders of parent, basic	381	14,855	9,659
Profit/(loss) attributable to ordinary equity holders of parent entity, basic	2,768	13,119	17,399
Profit/(loss) from continuing operations attributable to ordinary equity holders of parent, diluted	2,387	(1,736)	7,740
Profit/(loss) from discontinued operations attributable to ordinary equity holders of parent, diluted	381	14,855	9,659
Profit/(loss) attributable to ordinary equity holders of parent entity, diluted	₽ 2,768	₽ 13,119	₽ 17,399
Weighted average number of ordinary shares for basic earnings per share	62,712,975	62,619,727	62,433,524
Effect of share-based payments			20,482
Weighted average number of ordinary shares for diluted earnings per share	62,712,975	62,619,727	62,454,006

Intangible assets (Details)

Intangible assets (Details) - RUB (₽) ₽ in Millions	12 Months Ended
Intangible assets (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	₽ 13,126	₽ 10,501
Ending balance	91	13,126
Gross amount of fully amortized intangible assets	5	929
Cost
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	17,689	14,628
Additions	321	234
Additions from business combinations	150	2,985
Disposals	(160)	(158)
Assets held for sale	(17,765)
Ending balance	235	17,689
Accumulated Amortization
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	(4,563)	(4,127)
Amortization charge	(731)	(548)
Impairment	(12,795)	(47)
Disposals	180	159
Assets held for sale	17,765
Ending balance	(144)	(4,563)
Goodwill
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	8,592	7,084
Ending balance		8,592
Goodwill \| Cost
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	8,592	7,084
Additions from business combinations	132	1,508
Assets held for sale	(8,724)
Ending balance		8,592
Goodwill \| Accumulated Amortization
Disclosure of reconciliation of changes in intangible assets and goodwill
Impairment	(8,724)
Assets held for sale	8,724
Customer relationships
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	2,377	2,495
Ending balance		2,377
Customer relationships \| Cost
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	5,686	5,485
Additions from business combinations		201
Assets held for sale	(5,686)
Ending balance		5,686
Customer relationships \| Accumulated Amortization
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	(3,309)	(2,990)
Amortization charge	(324)	(319)
Impairment	(2,053)
Assets held for sale	5,686
Ending balance		(3,309)
Licenses
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	183	183
Ending balance		183
Licenses \| Cost
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	183	183
Assets held for sale	(183)
Ending balance		183
Licenses \| Accumulated Amortization
Disclosure of reconciliation of changes in intangible assets and goodwill
Impairment	(183)
Assets held for sale	183
Computer Software
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	1,425	590
Ending balance	89	1,425
Computer Software \| Cost
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	2,408	1,473
Additions	277	111
Additions from business combinations	6	896
Transfer between groups	102	37
Disposals	(136)	(109)
Assets held for sale	(2,432)
Ending balance	225	2,408
Computer Software \| Accumulated Amortization
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	(983)	(883)
Amortization charge	(353)	(212)
Impairment	(1,395)
Disposals	163	112
Assets held for sale	2,432
Ending balance	(136)	(983)
Trade marks and brands
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	402	27
Ending balance		402
Trade marks and brands \| Cost
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	628	248
Additions from business combinations		380
Assets held for sale	(623)
Ending balance	5	628
Trade marks and brands \| Accumulated Amortization
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	(226)	(221)
Amortization charge	(41)	(5)
Impairment	(361)
Assets held for sale	623
Ending balance	(5)	(226)
Advances for intangibles, CIP and others
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	147	122
Ending balance	2	147
Advances for intangibles, CIP and others \| Cost
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	192	155
Additions	44	123
Additions from business combinations	12
Transfer between groups	(102)	(37)
Disposals	(24)	(49)
Assets held for sale	(117)
Ending balance	5	192
Advances for intangibles, CIP and others \| Accumulated Amortization
Disclosure of reconciliation of changes in intangible assets and goodwill
Beginning balance	(45)	(33)
Amortization charge	(13)	(12)
Impairment	(79)	(47)
Disposals	17	47
Assets held for sale	117
Ending balance	₽ (3)	₽ (45)

Long-term and short-term loan_3

Long-term and short-term loans issued (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments
Long-term loans issued	₽ 4,205	₽ 843
Short-term loans issued	209	14,200
Convertible loan
Disclosure of detailed information about financial instruments
Long-term loans issued	4,205
Factoring loans
Disclosure of detailed information about financial instruments
Short-term loans issued		12,568
Loans to legal entities, including SME
Disclosure of detailed information about financial instruments
Long-term loans issued		843
Short-term loans issued		1,586
Loans to individuals
Disclosure of detailed information about financial instruments
Short-term loans issued	209	46
Gross carrying amount
Disclosure of detailed information about financial instruments
Long-term loans issued	4,205	871
Short-term loans issued	382	14,593
Gross carrying amount \| Convertible loan
Disclosure of detailed information about financial instruments
Long-term loans issued	4,205
Gross carrying amount \| Factoring loans
Disclosure of detailed information about financial instruments
Short-term loans issued		12,668
Gross carrying amount \| Loans to legal entities, including SME
Disclosure of detailed information about financial instruments
Long-term loans issued		871
Short-term loans issued	9	1,840
Gross carrying amount \| Loans to individuals
Disclosure of detailed information about financial instruments
Short-term loans issued	373	85
Expected credit loss allowance / Impairment
Disclosure of detailed information about financial instruments
Long-term loans issued		(28)
Short-term loans issued	(173)	(393)
Expected credit loss allowance / Impairment \| Factoring loans
Disclosure of detailed information about financial instruments
Short-term loans issued		(100)
Expected credit loss allowance / Impairment \| Loans to legal entities, including SME
Disclosure of detailed information about financial instruments
Long-term loans issued		(28)
Short-term loans issued	(9)	(254)
Expected credit loss allowance / Impairment \| Loans to individuals
Disclosure of detailed information about financial instruments
Short-term loans issued	₽ (164)	₽ (39)

Long-term and short-term loan_4

Long-term and short-term loans issued - Analysis of the credit risk exposure of loans issued and for which an ECL allowance is recognised (Details) - Loans issued - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Gross carrying amount
Disclosure of provision matrix
Financial assets	₽ 382	₽ 15,464
Expected credit loss allowance / Impairment
Disclosure of provision matrix
Financial assets	(173)	(421)	₽ (92)	₽ (37)
Not overdue \| Gross carrying amount
Disclosure of provision matrix
Financial assets	134	14,860
Not overdue \| Expected credit loss allowance / Impairment
Disclosure of provision matrix
Financial assets	(3)	(22)
Up to 30 days overdue \| Gross carrying amount
Disclosure of provision matrix
Financial assets	41	112
Up to 30 days overdue \| Expected credit loss allowance / Impairment
Disclosure of provision matrix
Financial assets	(4)	(2)
30-60 days overdue \| Gross carrying amount
Disclosure of provision matrix
Financial assets	23	180
30-60 days overdue \| Expected credit loss allowance / Impairment
Disclosure of provision matrix
Financial assets	(3)	(118)
60-90 days overdue \| Gross carrying amount
Disclosure of provision matrix
Financial assets	27	18
60-90 days overdue \| Expected credit loss allowance / Impairment
Disclosure of provision matrix
Financial assets	(6)	(2)
90+ days overdue \| Gross carrying amount
Disclosure of provision matrix
Financial assets	157	294
90+ days overdue \| Expected credit loss allowance / Impairment
Disclosure of provision matrix
Financial assets	₽ (157)	₽ (277)

Long-term and short-term loan_5

Long-term and short-term loans issued - Changes in the ECL allowances (Details) - Loans issued - Expected credit loss allowance / Impairment - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes in the ECL allowances
ECL allowance as of beginning of the period	₽ (421)	₽ (92)	₽ (37)
Changes because of financial instruments (originated or acquired)/derecognized during the reporting period	(519)	(340)	(63)
Amounts sold and written off	84	11	8
Assets held for sale	683
ECL allowance as of end of the period	(173)	(421)	(92)
12 month ECL \| Collective
Changes in the ECL allowances
ECL allowance as of beginning of the period	(24)	(34)	(5)
Changes because of financial instruments (originated or acquired)/derecognized during the reporting period	(182)		(29)
Transfers between stages	122	10
Assets held for sale	77
ECL allowance as of end of the period	(7)	(24)	(34)
Lifetime ECL \| Financial instruments not credit-impaired \| Collective
Changes in the ECL allowances
ECL allowance as of beginning of the period	(120)	(5)	(1)
Changes because of financial instruments (originated or acquired)/derecognized during the reporting period	65	(112)	(4)
Transfers between stages	(2)	(3)
Assets held for sale	48
ECL allowance as of end of the period	(9)	(120)	(5)
Lifetime ECL \| Financial instruments credit-impaired
Changes in the ECL allowances
ECL allowance as of beginning of the period	(277)	(53)	(31)
Changes because of financial instruments (originated or acquired)/derecognized during the reporting period	(402)	(228)	(30)
Transfers between stages	(120)	(7)
Amounts sold and written off	84	11	8
Assets held for sale	558
ECL allowance as of end of the period	₽ (157)	₽ (277)	₽ (53)

Trade and other receivables - S

Trade and other receivables - Summary of trade and other receivables (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Trade and other receivables
Trade and other receivables	₽ 2,080	₽ 15,194
Maximum
Trade and other receivables
Credit terms for receivables	30 days
Financial assets
Trade and other receivables
Trade and other receivables	₽ 2,037	14,868
Cash receivable from agents
Trade and other receivables
Trade and other receivables	₽ 685	4,060
Cash receivable from agents \| Minimum
Trade and other receivables
Receivables, interest rate	20%
Cash receivable from agents \| Maximum
Trade and other receivables
Receivables, interest rate	36%
Deposits issued to merchants
Trade and other receivables
Trade and other receivables	₽ 1,263	6,756
Receivables related to marketing activity
Trade and other receivables
Trade and other receivables		3,402
Receivables related to guarantees issued and exercised
Trade and other receivables
Trade and other receivables		97
Commissions receivable
Trade and other receivables
Trade and other receivables		364
Other receivables
Trade and other receivables
Trade and other receivables	89	189
Advances issued
Trade and other receivables
Trade and other receivables	43	326
Gross carrying amount
Trade and other receivables
Trade and other receivables	2,156	16,210
Gross carrying amount \| Financial assets
Trade and other receivables
Trade and other receivables	2,113	15,884
Gross carrying amount \| Cash receivable from agents
Trade and other receivables
Trade and other receivables	695	4,385
Gross carrying amount \| Deposits issued to merchants
Trade and other receivables
Trade and other receivables	1,303	6,771
Gross carrying amount \| Receivables related to marketing activity
Trade and other receivables
Trade and other receivables		3,422
Gross carrying amount \| Receivables related to guarantees issued and exercised
Trade and other receivables
Trade and other receivables		686
Gross carrying amount \| Commissions receivable
Trade and other receivables
Trade and other receivables		394
Gross carrying amount \| Other receivables
Trade and other receivables
Trade and other receivables	115	226
Gross carrying amount \| Advances issued
Trade and other receivables
Trade and other receivables	43	326
Expected credit loss allowance / Impairment
Trade and other receivables
Trade and other receivables	(76)	(1,016)
Expected credit loss allowance / Impairment \| Financial assets
Trade and other receivables
Trade and other receivables	(76)	(1,016)
Expected credit loss allowance / Impairment \| Cash receivable from agents
Trade and other receivables
Trade and other receivables	(10)	(325)
Expected credit loss allowance / Impairment \| Deposits issued to merchants
Trade and other receivables
Trade and other receivables	(40)	(15)
Expected credit loss allowance / Impairment \| Receivables related to marketing activity
Trade and other receivables
Trade and other receivables		(20)
Expected credit loss allowance / Impairment \| Receivables related to guarantees issued and exercised
Trade and other receivables
Trade and other receivables		(589)
Expected credit loss allowance / Impairment \| Commissions receivable
Trade and other receivables
Trade and other receivables		(30)
Expected credit loss allowance / Impairment \| Other receivables
Trade and other receivables
Trade and other receivables	₽ (26)	₽ (37)

Trade and other receivables - C

Trade and other receivables - Credit risk exposure on trade and other receivables (Details) - Trade and other receivables (except for advances issued) ₽ in Millions	Dec. 31, 2022 RUB (₽)
Gross carrying amount
Credit risk exposure
Financial assets	₽ 15,884
Expected credit loss allowance / Impairment
Credit risk exposure
Financial assets	₽ (1,016)
Current and less than 30 days
Credit risk exposure
Expected credit loss rate	1.80%
Current and less than 30 days \| Gross carrying amount
Credit risk exposure
Financial assets	₽ 14,694
Current and less than 30 days \| Expected credit loss allowance / Impairment
Credit risk exposure
Financial assets	₽ (268)
30-60 days
Credit risk exposure
Expected credit loss rate	11%
30-60 days \| Gross carrying amount
Credit risk exposure
Financial assets	₽ 255
30-60 days \| Expected credit loss allowance / Impairment
Credit risk exposure
Financial assets	₽ (29)
61-90 days
Credit risk exposure
Expected credit loss rate	47%
61-90 days \| Gross carrying amount
Credit risk exposure
Financial assets	₽ 125
61-90 days \| Expected credit loss allowance / Impairment
Credit risk exposure
Financial assets	₽ (59)
More than 91 days
Credit risk exposure
Expected credit loss rate	81%
More than 91 days \| Gross carrying amount
Credit risk exposure
Financial assets	₽ 810
More than 91 days \| Expected credit loss allowance / Impairment
Credit risk exposure
Financial assets	₽ (660)

Trade and other receivables -_2

Trade and other receivables - Changes in the ECL allowances (Details) - Trade and other receivables - Expected credit loss allowance / Impairment - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes in the ECL allowances
ECL allowance as of beginning of the period	₽ (1,016)	₽ (509)	₽ (284)
Changes because of financial instruments (originated or acquired)/derecognized during the reporting period	(991)	(603)	(262)
Amounts written off	216	96	37
Assets held for sale	1,715
ECL allowance as of end of the period	₽ (76)	₽ (1,016)	₽ (509)

Cash and cash equivalents (Deta

Cash and cash equivalents (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022
Cash and cash equivalents
Total cash and cash equivalents	₽ 7,300	₽ 47,462
Gross carrying amount
Cash and cash equivalents
Correspondent accounts with Central Bank of Russia (CBR)		3,025
Cash with banks and on hand	1,529	9,833
Short-term CBR deposits		27,100
Other short-term bank deposits	₽ 5,771	7,507
Expected credit loss allowance / Impairment
Cash and cash equivalents
Total cash and cash equivalents		₽ (3)

Cash and cash equivalents - Cre

Cash and cash equivalents - Credit quality of cash and cash equivalents (Detail) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022
Cash and cash equivalents
Total cash and cash equivalents	₽ 7,300	₽ 47,462
Gross carrying amount \| 12 month ECL
Cash and cash equivalents
Cash on hand		48
Cash with CBR		30,136
Total cash and cash equivalents	7,300	47,465
Gross carrying amount \| 12 month ECL \| Rated ruA- and above
Cash and cash equivalents
Cash with banks	6,000	9,461
Gross carrying amount \| 12 month ECL \| Rated ruB- and above
Cash and cash equivalents
Cash with banks	1,083	5,913
Gross carrying amount \| 12 month ECL \| No Rating
Cash and cash equivalents
Cash with banks	₽ 217	₽ 1,907

Cash and cash equivalents - For

Cash and cash equivalents - Foreign Currency Sensitivity and Risk Management (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Cash And Cash Equivalents In Different Currencies
Cash and cash equivalents	₽ 7,300	₽ 47,462
Russian ruble
Schedule Of Cash And Cash Equivalents In Different Currencies
Cash and cash equivalents	862	39,980
Euro
Schedule Of Cash And Cash Equivalents In Different Currencies
Cash and cash equivalents	2,519	735
US Dollar
Schedule Of Cash And Cash Equivalents In Different Currencies
Cash and cash equivalents	2,594	2,230
Chinese Yuan
Schedule Of Cash And Cash Equivalents In Different Currencies
Cash and cash equivalents		2,160
Others
Schedule Of Cash And Cash Equivalents In Different Currencies
Cash and cash equivalents	₽ 1,325	₽ 2,357

Debt securities (Detail)

Debt securities (Detail) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022
Debt securities
Total debt securities		₽ 16,975
12 month ECL
Debt securities
Total debt securities	₽ 4,993	16,876
Lifetime ECL \| Financial instruments not credit-impaired
Debt securities
Total debt securities		99
Gross carrying amount \| Securities accounted at FVOCI \| Graded ruAA- and above
Debt securities
Corporate bonds		1,480
Gross carrying amount \| Securities accounted at FVOCI \| Graded ruA- and above
Debt securities
Corporate bonds		4,687
Gross carrying amount \| Securities accounted at FVOCI \| Foreign
Debt securities
Government bonds		1,021
Gross carrying amount \| Securities accounted at FVOCI \| Russia
Debt securities
Government bonds		5,632
Gross carrying amount \| Securities accounted at amortised cost \| Russia
Debt securities
Government bonds		4,160
Gross carrying amount \| 12 month ECL \| Securities accounted at FVOCI \| Graded ruAA- and above
Debt securities
Corporate bonds		1,381
Gross carrying amount \| 12 month ECL \| Securities accounted at FVOCI \| Graded ruA- and above
Debt securities
Corporate bonds		4,687
Gross carrying amount \| 12 month ECL \| Securities accounted at FVOCI \| Foreign
Debt securities
Government bonds	3,420	1,021
Gross carrying amount \| 12 month ECL \| Securities accounted at FVOCI \| Russia
Debt securities
Government bonds		5,632
Gross carrying amount \| 12 month ECL \| Securities accounted at amortised cost
Debt securities
Term deposit in bank rated A and above	₽ 1,573
Gross carrying amount \| 12 month ECL \| Securities accounted at amortised cost \| Russia
Debt securities
Government bonds		4,160
Gross carrying amount \| Lifetime ECL \| Financial instruments not credit-impaired \| Securities accounted at FVOCI \| Graded ruAA- and above
Debt securities
Corporate bonds		99
Expected credit loss allowance / Impairment
Debt securities
Total debt securities		(5)
Expected credit loss allowance / Impairment \| 12 month ECL
Debt securities
Total debt securities		₽ (5)

Other current assets and othe_3

Other current assets and other current liabilities - Other current assets (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022
Other Current Assets And Other Current Liabilities
Total other financial assets		₽ 1,144
Prepaid expenses	₽ 105	191
Tax receivables	153	288
Costs of obtaining a contract		455
Other	132	117
Total other current assets	390	2,195
Gross carrying amount
Other Current Assets And Other Current Liabilities
Reserves at CBR		63
Option received from associate		470
Restricted cash accounts and payments	474	2,015
Expected credit loss allowance / Impairment
Other Current Assets And Other Current Liabilities
Total other financial assets	₽ (474)	₽ (1,404)

Other current assets and othe_4

Other current assets and other current liabilities - Analysis of the changes in the ECL allowances of other financial assets (Details) - Other financial assets - Expected credit loss allowance / Impairment - Lifetime ECL - Financial instruments credit-impaired - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Changes in the ECL allowances
ECL allowance as of beginning of the period	₽ (1,404)
Changes because of financial instruments (originated or acquired)/derecognized during the reporting period	558	₽ (1,404)
Translation reserve	(226)
Amounts written off	598
ECL allowance as of end of the period	₽ (474)	₽ (1,404)

Other current assets and othe_5

Other current assets and other current liabilities - Other current liabilities (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022
Other current assets and other current liabilities
Contract liability related to guarantees issued		₽ 1,157
Deferred income	₽ 108	131
Tax payable	46	913
Other		67
Total other current liabilities	₽ 154	₽ 2,268

Investments in associates (Deta

Investments in associates (Details) - RUB (₽) ₽ in Millions	12 Months Ended
Investments in associates (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Associates' statement of financial position:
Current assets	₽ 117,367	₽ 93,080
including cash and cash equivalents	7,300	47,462
Non-current assets	4,870	18,846
Current liabilities	(61,923)	(50,741)
Equity	59,856	57,895		₽ 43,840		₽ 31,772
Carrying amount of the investment	479	303
Revenue and net income
Revenue	7,205	4,214	[1]	2,064	[1]
Cost of revenues	(4,355)	(2,690)	[1]	(1,076)	[1]
including personnel expenses	(1,179)	(859)	[1]	(624)	[1]
including depreciation and amortization	(69)	(26)	[1]	(24)	[1]
Net profit/(loss)	3,076	13,755	[1]	17,536	[1]
Total share of profit/(loss) of an associate	(147)	(39)	[1]	306	[1]
Other comprehensive income	(488)	94	[1]	(218)	[1]
Associates
Associates' statement of financial position:
Current assets	1,177	750
including cash and cash equivalents	377	82
Non-current assets	538	497
Current liabilities	(1,965)	(342)
Non-current debt	(359)	(281)
Equity	(609)	624
Group's share in equity 12.1% (2022 - 9.9%)		62
Goodwill	479	241
Carrying amount of the investment	₽ 479	₽ 303
Proportion of share in equity	12.10%	9.90%
Revenue and net income
Revenue	₽ 1,635	₽ 165		4,296
Cost of revenues	(1,262)	(138)		(333)
Other income and expenses, net	(2,510)	(419)		(3,264)
including personnel expenses	(1,027)	(185)		(1,853)
including depreciation and amortization	(97)	(16)		(168)
Net profit/(loss)	(2,137)	(392)		699
Group's share of total net profit/(loss)	(239)	(39)		314
Gain from contribution to equity by other investors	92
Total share of profit/(loss) of an associate	(147)	(39)		₽ 314
Other comprehensive income	58	163
Group's share of other comprehensive income	₽ 6	₽ 16

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Share capital, additional pai_3

Share capital, additional paid-in capital, share premium and other reserves (Details)	Dec. 31, 2023 Vote / shares item € / shares
Share capital
Number of classes of shares \| item	2
Ordinary Class A shares
Share capital
Number of votes per share \| Vote / shares	10
Nominal value per share \| € / shares	€ 0.0005
Ordinary Class B shares
Share capital
Number of votes per share \| Vote / shares	1
Nominal value per share \| € / shares	€ 0.0005

Share capital, additional pai_4

Share capital, additional paid-in capital, share premium and other reserves - Summary of authorised, issued and fully paid shares (Details) - shares shares in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of classes of share capital
Authorised shares	230,850	230,850	230,850
Issued and fully paid shares	62,713	62,713	62,713
Ordinary Class A shares
Disclosure of classes of share capital
Authorised shares	127,914	127,914	127,914
Issued and fully paid shares	10,414	10,414	10,414
Ordinary Class B shares
Disclosure of classes of share capital
Authorised shares	102,936	102,936	102,936
Issued and fully paid shares	52,299	52,299	52,299

Share capital, additional pai_5

Share capital, additional paid-in capital, share premium and other reserves - Movement in number of shares outstanding (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023
Beginning balance, shares outstanding (in shares)	62,438
Increase of share capital due to exercise of options by employees during the year (in shares)	11
Share-based payments (in shares)	264
Ending balance, shares outstanding (in shares)	62,713	62,713
Ordinary Class A shares
Beginning balance, shares outstanding (in shares)	10,414
Ending balance, shares outstanding (in shares)	10,414	10,414
Ordinary Class B shares
Beginning balance, shares outstanding (in shares)	52,024
Increase of share capital due to exercise of options by employees during the year (in shares)	11
Share-based payments (in shares)	264
Ending balance, shares outstanding (in shares)	52,299	52,299

Debt (Details)

Debt (Details) - RUB (₽) ₽ in Millions	12 Months Ended
Debt (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt
Debt	₽ 248	₽ 3,922	₽ 4,734
Including short-term portion	248	3,922
Bank's credit facility with maturity on January 17, 2024
Debt
Credit limit	₽ 244
Effective Interest rate	6%
Maturity	January 17, 2024
Debt	₽ 248
Bonds Issued 001P-01 Series
Debt
Credit limit		₽ 5,000
Effective Interest rate		9.30%
Maturity		October 10, 2023
Debt		₽ 3,922

Debt - movement (Details)

Debt - movement (Details) - RUB (₽) ₽ in Millions	12 Months Ended
Debt - movement (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt
Debt at beginning of period	₽ 3,922	₽ 4,734
Proceeds from issue of debt	8,159
Repayment/buy back of debt	(3,846)	(810)	₽ (1,854)
Interest expense	467	360
Interest paid	(292)	(362)
Classified as held for sale	(8,162)
Debt at end of period	₽ 248	₽ 3,922	₽ 4,734

Trade and other payables (Detai

Trade and other payables (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022
Trade and other payables
Payables to merchants	₽ 4,057	₽ 11,431
Money remittances and e-wallets accounts payable		8,807
Deposits received from agents	439	3,415
Payables related to marketing activity		5,751
Commissions payable	40	485
Accrued personnel expenses and related taxes	588	2,073
Other payables	424	1,086
Total trade and other payables	₽ 5,548	₽ 33,048

Customer accounts and amounts_3

Customer accounts and amounts due to banks (Details) ₽ in Millions	Dec. 31, 2022 RUB (₽)
Customer accounts and amounts due to banks
Legal entities' current/demand accounts	₽ 8,829
Correspondent accounts of other banks	2,335
Individuals' current/demand accounts	39
Total customer accounts and amounts due to banks	₽ 11,203

Revenue from contracts with c_3

Revenue from contracts with customers (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Revenue
Payment processing fees	₽ 6,332	₽ 3,865		₽ 1,718
Other revenue	185	139		158
Total revenue from contracts with customers	6,517	4,004	[1]	1,876	[1]
Discontinued operations
Revenue
Payment processing fees	26,426	33,824		31,679
Platform and marketing services related fees	22,411	1,950		808
Fees for guarantees issued	1,844	1,523		723
Cash and settlement service fees	3,008	1,352		500
Other revenue	671	399		325
Total revenue from contracts with customers	₽ 54,360	₽ 39,048		₽ 34,035

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Revenue from contracts with c_4

Revenue from contracts with customers - Interest income net (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue from contracts with customers.
Interest revenue calculated using the effective interest rate	₽ (8,805)	₽ (6,764)	₽ (3,453)
Interest expense classified as part of cost of revenue	500	454	505
Interest income and expenses from non-banking loans, net, classified separately in the consolidated statement of comprehensive income	26	(58)	(92)
Interest income, net, for the purposes of consolidated cash flow statement	₽ (8,279)	₽ (6,368)	₽ (3,040)

Cost of revenue (Details)

Cost of revenue (Details) - RUB (₽) ₽ in Millions	12 Months Ended
Cost of revenue (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Expenses
Operating expense	₽ 6,181	₽ 5,277	[1]	₽ 2,573	[1]
Cost of revenue
Expenses
Transaction costs	4,171	2,551		959
Other expenses	184	139		117
Operating expense	4,355	2,690		1,076
Discontinued operations
Expenses
Operating expense	49,277
Discontinued operations \| Cost of revenue
Expenses
Transaction costs	10,479	11,568		14,933
Platform and marketing services related expenses	18,343	1,035		112
Guarantees issued related expenses	831	725		380
Interest expense	500	454		505
Other expenses	960	893		1,016
Operating expense	₽ 31,113	₽ 14,675		₽ 16,946

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Selling, general and administ_3

Selling, general and administrative expenses (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Expenses
Operating expense	₽ 6,181	₽ 5,277	[1]	₽ 2,573	[1]
Selling, general and administrative expenses
Expenses
Advisory and audit services	563	522		758
Other expenses	360	165		82
Operating expense	923	687		840
Discontinued operations
Expenses
Operating expense	49,277
Discontinued operations \| Selling, general and administrative expenses
Expenses
Advertising, client acquisition and related expenses	535	404		330
Tax expenses, except income and payroll related taxes	351	360		390
Advisory and audit services	387	274		216
Rent of premises	126	91		96
Expenses related to Tochka platform services	1,306	570		365
IT related services	429	367		380
Business travel and representative expenses	506	451		179
Other expenses	679	563		432
Operating expense	₽ 4,319	₽ 3,080		₽ 2,388

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Dividends paid and proposed (De

Dividends paid and proposed (Details) - 12 months ended Dec. 31, 2021 $ / shares in Units, ₽ in Millions	RUB (₽)	USD ($) $ / shares
Dividends paid and proposed
Dividends proposed, declared and approved during the year \| ₽	₽ 5,179
Final dividend proposed, declared and approved \| $		$ 19,347,534
Final dividend proposed, declared and approved (per share) \| $ / shares		$ 0.31
Interim dividend proposed, declared and approved \| $		$ 51,197,062
Interim dividend proposed, declared and approved (per share) \| $ / shares		$ 0.82
Dividends paid during the year \| ₽	₽ 5,211
Final dividend paid \| $		$ 19,347,534
Final dividend paid (per share) \| $ / shares		$ 0.31
Interim dividend paid \| $		$ 51,197,062
Interim dividend paid (per share) \| $ / shares		$ 0.82

Income tax - Additional informa

Income tax - Additional information (Details) - RUB (₽) ₽ in Millions		12 Months Ended
	Jan. 01, 2021	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of income taxes
Accumulated unremitted earnings not intended to be distributed			₽ 92	₽ 18,303
Tax payable to distribute unremitted earnings not intended to be distributed			5	915
Unrecognised deferred tax asset on tax loss carry forward			₽ 20	₽ 4	₽ 57
Cyprus
Disclosure of income taxes
Corporate income tax rate			12.50%
Cyprus \| Forecast
Disclosure of income taxes
Corporate income tax rate		15%
Russia
Disclosure of income taxes
Corporate income tax rate			20%
Tax rate on income received from government bonds			15%
Withholding tax rate on payment of interest and dividends	15%
Reduced withholding tax rate on payment of interest and dividends			5%
Russia \| Minimum
Disclosure of income taxes
Reduced withholding tax rate on payment of interest and dividends	0%
Russia \| Maximum
Disclosure of income taxes
Reduced withholding tax rate on payment of interest and dividends	5%
Kazakhstan
Disclosure of income taxes
Corporate income tax rate			20%

Income tax - Income tax expense

Income tax - Income tax expense (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Total tax expense
Current income tax expense	₽ (262)	₽ (163)		₽ (178)
Deferred tax benefit/(expense)	2	(381)		(312)
Income tax expense for the year	₽ (260)	₽ (544)	[1]	₽ (490)	[1]

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Income tax - Deferred income ta

Income tax - Deferred income tax assets and liabilities (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)	₽ (47)	₽ (1,639)	₽ (1,139)	₽ (952)
Deferred tax assets	29	208
Deferred tax liabilities	(76)	(1,847)
Deferred tax benefit/(expense) recognised in PL	2	(381)	₽ (312)
Assets and liabilities classified as held for sale
Disclosure of deferred tax
Deferred tax assets	985
Assets and liabilities, including classified as held for sale
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)	938
Continuing and discontinued operations
Disclosure of deferred tax
Deferred tax benefit/(expense) recognised in PL	2,437	(269)
Deferred tax benefit/(expense) recognised in OCI	123	(52)
Intangible assets
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)		(716)
Intangible assets \| Assets and liabilities, including classified as held for sale
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)	104
Intangible assets \| Continuing and discontinued operations
Disclosure of deferred tax
Deferred tax benefit/(expense) recognised in PL	820	61
Trade and other payables
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)		493
Trade and other payables \| Assets and liabilities, including classified as held for sale
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)	406
Trade and other payables \| Continuing and discontinued operations
Disclosure of deferred tax
Deferred tax benefit/(expense) recognised in PL	(87)	230
Trade and other receivables
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)		6
Trade and other receivables \| Assets and liabilities, including classified as held for sale
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)	106
Trade and other receivables \| Continuing and discontinued operations
Disclosure of deferred tax
Deferred tax benefit/(expense) recognised in PL	83	(64)
Debt instruments \| Assets and liabilities, including classified as held for sale
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)	143
Debt instruments \| Continuing and discontinued operations
Disclosure of deferred tax
Deferred tax benefit/(expense) recognised in PL	23	(9)
Deferred tax benefit/(expense) recognised in OCI	123	(52)
Tax loss carry forwards
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)		3
Tax loss carry forwards \| Assets and liabilities, including classified as held for sale
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)	26
Tax loss carry forwards \| Continuing and discontinued operations
Disclosure of deferred tax
Deferred tax benefit/(expense) recognised in PL	23	(24)
Loans issued
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)		(33)
Loans issued \| Assets and liabilities, including classified as held for sale
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)	105
Loans issued \| Continuing and discontinued operations
Disclosure of deferred tax
Deferred tax benefit/(expense) recognised in PL	138	(25)
Lease obligations
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)		43
Lease obligations \| Assets and liabilities, including classified as held for sale
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)	86
Lease obligations \| Continuing and discontinued operations
Disclosure of deferred tax
Deferred tax benefit/(expense) recognised in PL	43	(91)
Property and equipment
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)		(103)
Property and equipment \| Assets and liabilities, including classified as held for sale
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)	150
Property and equipment \| Continuing and discontinued operations
Disclosure of deferred tax
Deferred tax benefit/(expense) recognised in PL	253	37
Taxes on unremitted earnings
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)		(1,122)
Taxes on unremitted earnings \| Assets and liabilities, including classified as held for sale
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)	(72)
Taxes on unremitted earnings \| Continuing and discontinued operations
Disclosure of deferred tax
Deferred tax benefit/(expense) recognised in PL	1,050	(257)
Other
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)		(210)
Other \| Assets and liabilities, including classified as held for sale
Disclosure of deferred tax
Net deferred income tax assets/(liabilities)	(116)
Other \| Continuing and discontinued operations
Disclosure of deferred tax
Deferred tax benefit/(expense) recognised in PL	₽ 91	₽ (127)

Income tax - Reconciliation of

Income tax - Reconciliation of deferred income tax asset/(liability) (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of income taxes
Deferred income tax asset/(liability) at beginning of period	₽ (1,639)	₽ (1,139)	₽ (952)
Effect of business combinations	17	(179)
Deferred tax assets held for sale	(985)
Deferred income tax asset/(liability) at end of period	(47)	(1,639)	(1,139)
Continuing and discontinued operations
Disclosure of income taxes
Deferred tax benefit/(expense)	₽ 2,560	₽ (321)	₽ (187)

Income tax - Reconciliation bet

Income tax - Reconciliation between theoretical and actual income tax expense (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of income taxes
Accounting profit before tax	₽ 2,647	₽ (1,192)		₽ 8,230
(Increase)/decrease resulting from the tax effect of:
Income tax expense for the year	(260)	(544)	[1]	(490)	[1]
Discontinued operations
Disclosure of income taxes
Accounting profit before tax	2,298	19,376		12,386
(Increase)/decrease resulting from the tax effect of:
Income tax expense for the year	(1,609)	(3,885)		(2,590)
Continuing and discontinued operations
Disclosure of income taxes
Accounting profit before tax	4,945	18,184		20,616
Theoretical income tax expense at the domestic rate in each individual jurisdiction	(862)	(3,799)		(3,464)
Windfall tax	(449)
(Increase)/decrease resulting from the tax effect of:
Non-taxable income	147	82		1,098
Non-deductible expenses	(1,510)	(335)		(319)
Taxes on unremitted earnings	825	(373)		(338)
Unrecognized deferred tax assets	(20)	(4)		(57)
Income tax expense for the year	₽ (1,869)	₽ (4,429)		₽ (3,080)

[1] Amounts do not correspond with the previously presented due to discontinued operations (please refer to Note 6)

Commitments, contingencies an_2

Commitments, contingencies and operating risks (Details) - RUB (₽) ₽ in Billions	Dec. 31, 2023	Dec. 31, 2022
Commitments, contingencies and operating risks
Maximum effect of additional losses on consolidated financial statements	₽ 0.9	₽ 2.2

Balances and transactions wit_3

Balances and transactions with related parties (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Associates
Balances and transactions with related parties
Sales to/income from related parties	₽ 111	₽ 3
Amounts owed by related parties	537
Amounts owed to related parties	(39)	(3)
Key management personnel
Balances and transactions with related parties
Purchases/expenses from related parties	(467)	(429)
Amounts owed to related parties	(328)	(244)
Other related parties
Balances and transactions with related parties
Sales to/income from related parties	22	7
Purchases/expenses from related parties	(54)	(71)
Amounts owed by related parties		101
Amounts owed to related parties	₽ (48)	₽ (11)

Balances and transactions wit_4

Balances and transactions with related parties - Additional information (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Balances and transactions with related parties
Benefits of key management and Board of Directors - short-term benefits	₽ 311	₽ 336	₽ 307
Benefits of key management and Board of Directors - long-term incentive programs	₽ 156	53	0
Benefits of key management and Board of Directors - share-based payments		₽ 40	₽ 0

Risk management - Foreign excha

Risk management - Foreign exchange sensitivity (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
US Dollar
Currency sensitivity
Percentage of reasonably possible increase in exchange rate	10%	10%
Effect on profit before tax of increase in exchange rate	₽ 304	₽ 263
Percentage of reasonably possible decrease in exchange rate	(10.00%)	(10.00%)
Effect on profit before tax of decrease in exchange rate	₽ (304)	₽ (263)
Euro
Currency sensitivity
Percentage of reasonably possible increase in exchange rate	10%
Effect on profit before tax of increase in exchange rate	₽ 543
Percentage of reasonably possible decrease in exchange rate	(10.00%)
Effect on profit before tax of decrease in exchange rate	₽ (543)

Risk management - Liquidity ris

Risk management - Liquidity risk and capital management (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure of financial liabilities based on contractual undiscounted payments
Minimal required level of capital ratio	8%
Debt	₽ 248	₽ 4,251
Lease liabilities	34	472
Trade and other payables	5,548	33,048
Customer accounts and amounts due to banks		11,203
Financial guarantees		1,000
Undrawn credit commitments		1,618
Total	5,830	51,592
On demand
Disclosure of financial liabilities based on contractual undiscounted payments
Trade and other payables	5,548	33,048
Customer accounts and amounts due to banks		11,203
Undrawn credit commitments		1,618
Total	5,548	45,869
Within one year
Disclosure of financial liabilities based on contractual undiscounted payments
Debt	248	4,251
Lease liabilities	26	317
Financial guarantees		500
Total	274	5,068
More than a year
Disclosure of financial liabilities based on contractual undiscounted payments
Lease liabilities	8	155
Financial guarantees		500
Total	₽ 8	₽ 655

Risk management - Credit risk c

Risk management - Credit risk concentration (Details) - Trade and other receivables	Dec. 31, 2023	Dec. 31, 2022
Top five counterparties
Disclosure of credit risk exposure
Concentration of credit risks by main counterparties, % from total amount	46%	31%
Others
Disclosure of credit risk exposure
Concentration of credit risks by main counterparties, % from total amount	54%	69%

Risk management - Market risk (

Risk management - Market risk (Details) - Financial instruments at fair value though other comprehensive income - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Market risk
Percentage of reasonably possible increase in yield curve	1%	1%
Effect on other comprehensive income due to reasonably possible increase in yield curve	₽ (9)	₽ (242)
Percentage of reasonably possible decrease in yield curve	1%	1%
Increase (decrease) in other comprehensive income due to reasonably possible decrease in yield curve	₽ 9	₽ 242

Financial instruments - Fair va

Financial instruments - Fair values (Details) - RUB (₽) ₽ in Millions	Dec. 31, 2023	Dec. 31, 2022
Bonds issued \| AC liabilities
Disclosure of detailed information about financial instruments
Financial liabilities, carrying amount		₽ 3,922
Financial liabilities, fair value		3,887
Bonds issued \| AC liabilities \| Assets and liabilities classified as held for sale
Disclosure of detailed information about financial instruments
Financial liabilities, carrying amount	₽ 8,162
Financial liabilities, fair value	8,203
Bonds issued \| AC liabilities \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial liabilities, carrying amount	8,162
Financial liabilities, fair value	8,203
Debt securities and deposits \| AC assets
Disclosure of detailed information about financial instruments
Financial assets, carrying amount	1,573	4,155
Financial assets, fair value	1,573	4,131
Debt securities and deposits \| AC assets \| Assets and liabilities classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, carrying amount	5,108
Financial assets, fair value	4,734
Debt securities and deposits \| AC assets \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, carrying amount	6,681
Financial assets, fair value	6,307
Debt securities \| FVOCI assets
Disclosure of detailed information about financial instruments
Financial assets, carrying amount	3,420	12,820
Financial assets, fair value	3,420	12,820
Debt securities \| FVOCI assets \| Assets and liabilities classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, carrying amount	26,232
Financial assets, fair value	26,232
Debt securities \| FVOCI assets \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, carrying amount	29,652
Financial assets, fair value	29,652
Long-term loans \| AC assets
Disclosure of detailed information about financial instruments
Financial assets, carrying amount		822
Financial assets, fair value		822
Long-term loans \| AC assets \| Assets and liabilities classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, carrying amount	518
Financial assets, fair value	518
Long-term loans \| AC assets \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, carrying amount	518
Financial assets, fair value	518
Long-term loans \| FVPL assets
Disclosure of detailed information about financial instruments
Financial assets, carrying amount	4,205	21
Financial assets, fair value	4,205	21
Long-term loans \| FVPL assets \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, carrying amount	4,205
Financial assets, fair value	₽ 4,205
Option received from associate \| FVPL assets
Disclosure of detailed information about financial instruments
Financial assets, carrying amount		470
Financial assets, fair value		₽ 470

Financial instruments - Additio

Financial instruments - Additional information (Details) ₽ in Millions	12 Months Ended
	Dec. 31, 2023 RUB (₽)
Minimum
Disclosure of detailed information about financial instruments
Debt instrument interest rate	0%
Maximum
Disclosure of detailed information about financial instruments
Debt instrument interest rate	12.33%
Long-term loans \| AC assets \| Maximum
Disclosure of detailed information about financial instruments
Financial assets maturity	3 years
Long-term loans \| AC assets \| Comparable market interest rates \| Minimum
Disclosure of detailed information about financial instruments
Measurement input	0.11
Long-term loans \| AC assets \| Comparable market interest rates \| Maximum
Disclosure of detailed information about financial instruments
Measurement input	0.28
Long-term loans \| FVPL assets
Disclosure of detailed information about financial instruments
Long-term loans interest rate	0.50%
Gain from revaluation	₽ 1,227
Long-term loans \| FVPL assets \| Maximum
Disclosure of detailed information about financial instruments
Financial assets maturity	3 years
Long-term loans \| FVPL assets \| Compound average growth rate (CAGR)
Disclosure of detailed information about financial instruments
Measurement input	0.27
Increase in significant unobservable input, percent	1%
Decrease in significant unobservable input, percent	1%
Increase (decrease) in fair value of assets due to Increase in unobservable input	₽ 277
Increase (decrease) in fair value of assets due to decrease in unobservable input	₽ (268)
Long-term loans \| FVPL assets \| Discount rate
Disclosure of detailed information about financial instruments
Measurement input	0.14
Increase in significant unobservable input, percent	1%
Decrease in significant unobservable input, percent	1%
Increase (decrease) in fair value of assets due to Increase in unobservable input	₽ (393)
Increase (decrease) in fair value of assets due to decrease in unobservable input	₽ 476
Long-term loans \| FVPL assets \| Terminal growth rate
Disclosure of detailed information about financial instruments
Measurement input	0.03
Increase in significant unobservable input, percent	1%
Decrease in significant unobservable input, percent	1%
Increase (decrease) in fair value of assets due to Increase in unobservable input	₽ 304
Increase (decrease) in fair value of assets due to decrease in unobservable input	₽ (253)

Financial instruments - Fair _2

Financial instruments - Fair value measurement (Details) - RUB (₽) ₽ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments
Transfer of assets out of Level 1 into Level 2	₽ 0	₽ 0
Transfer of assets out of Level 2 into Level 1	0	0
Transfer of liabilities out of Level 1 into Level 2	0	0
Transfer of liabilities out of Level 2 into Level 1	0	0
Transfer of assets into Level 3	0	0
Transfer of assets out of Level 3	0	0
Transfer of liabilities into Level 3	0	0
Transfer of liabilities out of Level 3	0	0
Debt securities \| FVOCI assets
Disclosure of detailed information about financial instruments
Financial assets, fair value	3,420	12,820
Debt securities \| FVOCI assets \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, fair value	29,652
Long-term loans \| FVPL assets
Disclosure of detailed information about financial instruments
Financial assets, fair value	4,205	21
Long-term loans \| FVPL assets \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, fair value	4,205
Option received from associate \| FVPL assets
Disclosure of detailed information about financial instruments
Financial assets, fair value		470
At fair value \| Debt securities \| FVOCI assets
Disclosure of detailed information about financial instruments
Financial assets, fair value		12,820
At fair value \| Debt securities \| FVOCI assets \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, fair value	29,652
At fair value \| Debt securities \| FVOCI assets \| Quoted prices in active markets (Level 1)
Disclosure of detailed information about financial instruments
Financial assets, fair value		12,820
At fair value \| Debt securities \| FVOCI assets \| Quoted prices in active markets (Level 1) \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, fair value	29,652
At fair value \| Long-term loans \| FVPL assets
Disclosure of detailed information about financial instruments
Financial assets, fair value		21
At fair value \| Long-term loans \| FVPL assets \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, fair value	4,205
At fair value \| Long-term loans \| FVPL assets \| Significant unobservable inputs (Level 3)
Disclosure of detailed information about financial instruments
Financial assets, fair value		21
At fair value \| Long-term loans \| FVPL assets \| Significant unobservable inputs (Level 3) \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, fair value	4,205
At fair value \| Option received from associate \| FVPL assets
Disclosure of detailed information about financial instruments
Financial assets, fair value		470
At fair value \| Option received from associate \| FVPL assets \| Significant unobservable inputs (Level 3)
Disclosure of detailed information about financial instruments
Financial assets, fair value		470
Fair value disclosed \| Bonds issued
Disclosure of detailed information about financial instruments
Financial liabilities, fair value		3,887
Fair value disclosed \| Bonds issued \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial liabilities, fair value	8,203
Fair value disclosed \| Bonds issued \| Quoted prices in active markets (Level 1)
Disclosure of detailed information about financial instruments
Financial liabilities, fair value		3,887
Fair value disclosed \| Bonds issued \| Quoted prices in active markets (Level 1) \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial liabilities, fair value	8,203
Fair value disclosed \| Debt securities and deposits
Disclosure of detailed information about financial instruments
Financial assets, fair value		4,131
Fair value disclosed \| Debt securities and deposits \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, fair value	6,307
Fair value disclosed \| Debt securities and deposits \| Quoted prices in active markets (Level 1)
Disclosure of detailed information about financial instruments
Financial assets, fair value		4,131
Fair value disclosed \| Debt securities and deposits \| Quoted prices in active markets (Level 1) \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, fair value	6,307
Fair value disclosed \| Long-term loans
Disclosure of detailed information about financial instruments
Financial assets, fair value		822
Fair value disclosed \| Long-term loans \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, fair value	518
Fair value disclosed \| Long-term loans \| Significant unobservable inputs (Level 3)
Disclosure of detailed information about financial instruments
Financial assets, fair value		₽ 822
Fair value disclosed \| Long-term loans \| Significant unobservable inputs (Level 3) \| Assets and liabilities, including classified as held for sale
Disclosure of detailed information about financial instruments
Financial assets, fair value	₽ 518

Events after the reporting da_2

Events after the reporting date (Details) ₽ in Millions			1 Months Ended	12 Months Ended
Events after the reporting date (Details) ₽ in Millions	Feb. 21, 2024 RUB (₽)	Jan. 19, 2024 RUB (₽) installment	Jan. 31, 2024 RUB (₽)	Dec. 31, 2023 RUB (₽)
Events after reporting date
Consideration for sale of subsidiary				₽ (177)
Loss on disposal of subsidiaries				424
Discontinued operations
Events after reporting date
Impairment loss recognised on the remeasurement to fair value less costs to sell				(14,354)
Russian business
Events after reporting date
Impairment loss recognised on the remeasurement to fair value less costs to sell				₽ (14,354)
Disposal of major subsidiary \| Russian business
Events after reporting date
Consideration for sale of subsidiary		₽ 23,750
Consideration for sale of subsidiary, discounted		₽ 19,792
Period of receipt of consideration for sale of subsidiary		4 years
Percentage of ownership interest in subsidiary sold		100%
Percentage of shares of buyer pledged to secure payment of price for sale of subsidiary		100%
Loss on disposal of subsidiaries			₽ (22,684)
Disposal of major subsidiary \| Russian business \| Within four months
Events after reporting date
Consideration for sale of subsidiary		₽ 11,875
Disposal of major subsidiary \| Russian business \| Period commencing in Q4 2024
Events after reporting date
Consideration for sale of subsidiary		₽ 11,875
Number of installments for payments received for sale of subsidiary \| installment		4
Revocation of banking license
Events after reporting date
Consideration for sale of subsidiary that may be affected by revocation of banking licence	₽ 23,750
Consideration for sale of subsidiary that may be affected by revocation of banking licence, discounted	19,792
Restricted cash	₽ 2,296