Free cash flow growth against the background of strong results
Capital expenditures of the Group1
RUB bln
1 Excluding cash receipts under sharing agreement
Decrease in the Group’s capital expenditures in 2023 was due to more intensive procurement of equipment and relatively higher exchange rates of foreign currencies against ruble during the period of making such procurement in 2022.
Free cash flow excluding banking activities
RUB bln
FCF growth excluding banking activities in 2023 was driven primarily by lower cash flows associated with acquisition of new companies and lower capital expenditures.