| 16. | Other current assets |
As of December 31, 2017 and 2016, other current assets consisted of the following:
| As of December 31, 2016 |
As of December 31, 2017 |
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|
Indemnification asset |
60 | 30 | ||||||
|
Reserves at CBR* |
312 | 229 | ||||||
|
Prepaid expenses |
204 | 99 | ||||||
|
VAT and other taxes receivable |
22 | 51 | ||||||
|
Other |
63 | 49 | ||||||
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|
Total other current assets |
661 | 458 | ||||||
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| * | Banks are currently required to post mandatory reserves with the CBR to be held in non-interest bearing accounts. Starting from August 1, 2016, such mandatory reserves established by the CBR constitute 5% for liabilities in RUR and 6-7% for liabilities in foreign currency. The amount is excluded from cash and cash equivalents for the purposes of cash flow statement and does not have a repayment date. |