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31. Segment Analysis

For the purposes of management the Group is divided into operating segments of activity — central head office, 17 regional banks and subsidiaries — which are defined on the basis of organizational structure of the Group and geographical areas. The principal activity of all operating segments is banking operations. For the purposes of presentation in these consolidated financial statements the operating segments are aggregated in the following reportable segments:

Moscow, including:

• Central head office of the Group;
• Regional bank of Moscow;
• Subsidiaries of the Group located in the region.

Central and Northern Regions of European part of Russia, including:

• Regional banks:
• Severny — Yaroslavl;
• Severo-Zapadny — St. Petersburg;
• Tsentralno-Chernozemny — Voronezh;
• Srednerussky — Moscow;
• Subsidiaries of the Group located in the region.

Volga Region and South of European part of Russia, including:

• Regional banks:
• Volgo-Vyatsky — Nizhniy Novgorod;
• Povolzhsky — Samara;
• Severo-Kavkazsky — Stavropol;
• Yugo-Zapadny — Rostov-on-Don;
• Subsidiaries of the Group located in the region.

Ural, Siberia and Far East of Russia, including:

• Regional banks:
• Zapadno-Uralsky — Perm;
• Uralsky — Ekaterinburg;
• Sibirsky — Novosibirsk;
• Zapadno-Sibirsky — Tumen;
• Severo-Vostochny — Magadan;
• Dalnevostochny — Khabarovsk,
• Vostochno-Sibirsky — Krasnoyarsk;
• Baikalsky — Irkutsk.
• Subsidiaries of the Group located in the region.

Other countries, including:

• Subsidiaries located in Turkey;
• Subsidiaries located in CIS (Ukraine, Kazakhstan, Belarus);
• Subsidiaries located in Austria and Switzerland;
• Subsidiaries of Sberbank Europe AG (former Volksbank International AG (“VBI”) located in Central and Eastern Europe;
• Companies of CJSC Sberbank CIB located in the USA, the United Kingdom, Cyprus and certain other jurisdictions;
• A branch office in India.

The Management of the Group analyses operating results of every segment of activity for the purposes of making decision about allocation of resources and assessment of segments’ business results. The segments’ reporting and operating results which are provided to the Management of the Group for analysis are prepared under Russian accounting standards, except the segments’ reporting of the subsidiaries which is prepared under International Financial Reporting Standards.

Intersegment operations are performed on the basis of internal transfer pricing rates which are established, approved and regularly revised by the Management of the Group.

The subsidiaries’ activity is controlled by the Group integrally.

Segment reporting of the Group’s assets and liabilities as at 31 December 2012 is as follows:

Segment reporting of the Group’s assets and liabilities as at 31 December 2011 is as follows:

Reconciliation of total assets and total liabilities as per the reportable segments with the Group’s total assets and total liabilities under IFRS as of 31 December 2012 and 31 December 2011 is as follows:

Segment reporting of the Group’s income and expenses for the year ended 31 December 2012 is as follows:

Segment reporting of the Group’s income and expenses for the year ended 31 December 2011 is as follows:

Reconciliation of profit before tax, interest income and expense, fee and commission income, gains from operations with securities and gains from operations with foreign currencies for the reportable segments with the Group’s consolidated income statement items under IFRS for the year ended 31 December 2012 is as follows:

Reconciliation of profit before tax, interest income and expense, fee and commission income, gains from operations with securities and gains from operations with foreign currencies for the reportable segments with the Group’s consolidated income statement items under IFRS for the year ended 31 December 2011 is as follows:

The differences shown above arise from classification variances as well as different accounting policies.

Adjustment of provisions is related to the difference between estimation methodology applied in statutory accounting records used as a basis for management reporting and estimation methodology according to IFRS.

Differences arising on securities’ classification relate to gains/(losses) on revaluation of securities designated at fair value through profit or loss in IFRS reporting but classified as available for sale in statutory accounting records used as a basis for management reporting.

For the year ended 31 December 2012 the Group’s revenues from customers in the Russian Federation amounted to 1,345.1 billion RUB (for the year ended 31 December 2011: 1,073.0 billion RUB); revenues from customers in all foreign countries from which the Group derives revenues amounted to 96.1 billion RUB (for the year ended 31 December 2011: 34.2 billion RUB).

As at 31 December 2012 the carrying value of premises and equipment located in the Russian Federation amounted to 413.5 billion RUB (2011: 350.7 billion RUB). Carrying value of premises and equipment of the Group located in foreign countries amounted to 22.5 billion RUB (2011: 9.2 billion RUB).

No revenue from transactions with a single external customer or counterparty amounted to 10% or more of the Group’s total revenue during the year ended 31 December 2012 and during the year ended 31 December 2011.

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31. Segment Analysis

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