35. Held for sale assets and liabilities

As a result of the decision to transfer mobile assets into share capital of T2RUS Holding (refer to Note1) all assets and liabilities of the mobile communication subsidiaries as well as integrated assets and liabilities of the Company to be disposed were reclassified as held for sale in the statement of financial position at 31 December 2013 and related operations presented as discontinued in the statement of comprehensive income for the years ended 31 December 2013, 2012 and 2011.

The Group’s investment in the new entity will be accounted for at equity method. As at the date of the issue of this financial statements the Group didn’t complete its assessment of the fair value of these investments.

The following table illustrates information about assets and liabilities held for sale for the year ended 31 December 2013, 2012 and 2011.


  31 December 2013 31 December 2012 31 December 2011
ASSETS      
Property, plant and equipment 63,140 401 261
Goodwill 12,805
Intangible assets 10,413
Investments in associates 24
Deferred tax asset 3,153
Inventories 567
Trade and other receivables 1,071
Prepayments 701
Prepaid income tax 167
Other investments 1
Cash and cash equivalents 864
Other assets 142
Total assets held for sale 93,048 401 261
LIABILITIES      
Employee benefits      
Deferred tax liability 1,795
Loans and borrowings 10,291
Trade and other payables 3,897
Income tax payable 19
Provisions 538
Other liabilities 1,107
Total liabilities directly attributable to assets held for sale 17,647

The following table illustrates information about consolidated income statement of a discontinued operations for the year ended 31 December 2013, 2012, 2011.


  Year ended 31 December 2013
  Discontinued operations Intragroup transactions  Total 
Revenue 44,229 (9,261) 34,968
Operating expenses      
Wages, salaries, other benefits and payroll taxes (5,204) (5,204)
Depreciation, amortisation and impairment losses (9,504) 4 (9,500)
Interconnection charges (14,725) 7,399 (7,326)
Materials, utilities, repairs and maintenance (2,243) 8 (2,235)
Gain/ (loss) on disposal of property, plant and equipment (456) 1 (455)
Doubtful debt allowance (46) (46)
Other operating income 701 701
Other operating expenses (13,122) 1,853 (11,269)
Total operating expenses, net (44,599) 9,265 (35,334)
Operating profit (370) 4 (366)
Finance costs (2,916) 1,969 (947)
Other investing and financial gains 991 (2,524) (1,533)
Foreign exchange loss, net (89) (2) (91)
Profit before income tax (2,384) (553) (2,937)
Income tax expense 382 382
Profit for the year (2,002) (553) (2,555)

  Year ended 31 December 2012
  Discontinued operations Intragroup  transactions  Total 
Revenue 40,876 (3,782) 37,094
Operating expenses      
Wages, salaries, other benefits and payroll taxes (5,720) (5,720)
Depreciation, amortisation and impairment losses (9,377) (9,377)
Interconnection charges (11,448) 3,326 (8,122)
Materials, utilities, repairs and maintenance (2,555) 52 (2,503)
Gain/ (loss) on disposal of property, plant and equipment (361) (138) (499)
Doubtful debt allowance 230 230
Other operating income 342 105 447
Other operating expenses (10,711) 511 (10,200)
Total operating expenses, net (39,600) 3,856 (35,744)
Operating profit 1,276 74 1,350
Finance costs (3,541) 2,345 (1,196)
Other investing and financial gains 641 (2,928) (2,287)
Foreign exchange loss, net 57 57
Profit before income tax (1,567) (509) (2,076)
Income tax expense 1,701 1,701
Profit for the year 134 (509) (375)

  Year ended 31 December 2011
  Discontinued operations Intragroup  transactions  Total 
Revenue 38,542 (2,986) 35,556
Operating expenses      
Wages, salaries, other benefits and payroll taxes (6,455) (6,455)
Depreciation, amortisation and impairment losses (8,907) 10 (8,897)
Interconnection charges (9,367) 2,365 (7,002)
Materials, utilities, repairs and maintenance (2,909) 37 (2,872)
Gain/ (loss) on disposal of property, plant and equipment (813) 114 (699)
Doubtful debt allowance (193) (193)
Other operating income 400 (6) 394
Other operating expenses (11,012) 620 (10,392)
Total operating expenses, net (39,256) 3,140 (36,116)
Operating profit (714) 154 (560)
Finance costs (2,587) 2,148 (439)
Other investing and financial gains 778 (2,435) (1,657)
Foreign exchange loss, net (139) 15 (124)
Profit before income tax (2,662) (118) (2,780)
Income tax expense 30 30
Profit for the year (2,632) (118) (2,750)

The following table illustrates information about cash flows attributable to the operating, investing, and financing activities of a discontinued operation for the years ended 31 December 2013, 2012 and 2011.


  2013 2012 2011
Operating cash flow 9,771 13,274 6,277
Investing cash flow (25,255) (21,025) (6,230)
Financing cash flow 15,409 7,975 (437)
Total cash flows (75) 224 (390)