The Social Fund is created by employers employing over 20 full time employees. The Group entities create such a fund and contribute periodical allowances. The fund does not possess any property, plant and equipment. The goal of the fund is to subsidize the social activity for employees of the Group, loans granted to its employees and other social expenses.
|As at December 31, 2016||As at December 31, 2015|
|Loans granted to employees||91||96|
|Social Fund liabilities||(138)||(141)|
|BALANCE AFTER COMPENSATION||2||3|
|Contributions to the Social Fund||130||128|
The assets and liabilities of the Social Fund are netted off in these financial statements.