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
Cash 49 48
Social Fund liabilities (138) (141)
Contributions to the Social Fund 130 128

The assets and liabilities of the Social Fund are netted off in these financial statements.