XML 61 R40.htm IDEA: XBRL DOCUMENT
v3.8.0.1

FINANCIAL RISK MANAGEMENT (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
FINANCIAL RISK MANAGEMENT |
Schedule of available facilities for liquidity risk |
|  | Amounts in millions of transactional currency |  | US$ equivalent amounts |
|  | Final availability period |  | Facility amount |  | Utilized |  | Available |  | Facility amount |  | Utilized |  | Available |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VEON Holdings B.V.—Revolving Credit Facility* |  |  | Feb 2020 |  | US$1,688 |  | US$250 |  | US$1,438 |  |  | 1,688 |  |  | 250 |  |  | 1,438 |
VEON Holdings B.V.—Term Loan Facility |  |  | May 2018 |  | RUB 45,000 million |  | RUB 30,000 million |  | RUB 15,000 million |  |  | 781 |  |  | 520 |  |  | 261 |
Banglalink Digital Communications Ltd.—Syndicated Term Loan Facility |  |  | Sep 2018 |  | BDT 29,300 million |  | — |  | BDT 29,300 million |  |  | 353 |  |  | — |  |  | 353 |
Pakistan Mobile Communications Limited—Syndicated Term Loan Facility |  |  | Jun 2018 |  | PKR 26,750 million |  | PKR 17,000 million |  | PKR 9,750 million |  |  | 242 |  |  | 154 |  |  | 88 |
Pakistan Mobile Communications Limited—Term Loan Facility |  |  | Jun 2018 |  | PKR 10,000 million |  | PKR 5,000 million |  | PKR 5,000 million |  |  | 90 |  |  | 45 |  |  | 45 |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VEON Amsterdam B.V.—Revolving Credit Facility |  |  | March 2017 |  | US$1,800 |  | — |  | US$1,800 |  |  | 1,800 |  |  | — |  |  | 1,800 |
VEON Holdings B.V.—Vendor Financing Facility China Development Bank |  |  | September 2018 |  | RMB 700 million |  | RMB 149 million |  | RMB 551 million |  |  | 101 |  |  | 21 |  |  | 80 |
PJSC VimpelCom—Revolving Credit Facility Sberbank |  |  | May 2017 |  | RUB 15,000 million |  | — |  | RUB 15,000 million |  |  | 247 |  |  | — |  |  | 247 |
Optimum Telecom Algérie SpA—Term Loan Facility |  |  | December 2017 |  | DZD 32,000 million |  | — |  | DZD 32,000 million |  |  | 290 |  |  | — |  |  | 290 |
* The facility amount of US$1,688 is available until February 2020. Subsequently a reduced facility amount of US$1,586 is available until February 2021.
Schedule of maturity analysis of financial liabilities |
|  | Less than 1 year |  | 1 - 3 years |  | 3 - 5 years |  | More than 5 years |  | Total |
At December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank loans and bonds |  |  | 1,862 |  |  | 4,141 |  |  | 4,958 |  |  | 2,774 |  |  | 13,735 |
Derivative financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross cash inflows |  |  | (37 | ) |  | (49 | ) |  | (12 | ) |  | — |  |  | (98 | )
Gross cash outflows |  |  | 29 |  |  | 27 |  |  | 51 |  |  | — |  |  | 107 |
Trade and other payables |  |  | 1,523 |  |  | — |  |  | — |  |  | — |  |  | 1,523 |
Other financial liabilities |  |  | — |  |  | 62 |  |  | — |  |  | — |  |  | 62 |
Warid non-controlling interest put option liability |  |  | — |  |  | 310 |  |  | — |  |  | — |  |  | 310 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total financial liabilities |  |  | 3,377 |  |  | 4,491 |  |  | 4,997 |  |  | 2,774 |  |  | 15,639 |
Related derivatives financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross cash inflows |  |  | (275 | ) |  | — |  |  | — |  |  | — |  |  | (275 | )
Gross cash outflows |  |  | 270 |  |  | — |  |  | — |  |  | — |  |  | 270 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Related derivative financial assets |  |  | (5 | ) |  | — |  |  | — |  |  | — |  |  | (5 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total financial liabilities, net of derivative assets |  |  | 3,372 |  |  | 4,491 |  |  | 4,997 |  |  | 2,774 |  |  | 15,634 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | Less than 1 year |  | 1 - 3 years |  | 3 - 5 years |  | More than 5 years |  | Total |
At December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank loans and bonds |  |  | 3,529 |  |  | 3,897 |  |  | 2,018 |  |  | 3,310 |  |  | 12,754 |
Derivative financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross cash inflows |  |  | (451 | ) |  | — |  |  | — |  |  | — |  |  | (451 | )
Gross cash outflows |  |  | 495 |  |  | 2 |  |  | — |  |  | — |  |  | 497 |
Trade and other payables and dividend payables |  |  | 1,744 |  |  | — |  |  | — |  |  | — |  |  | 1,744 |
Other financial liabilities |  |  | 29 |  |  | 44 |  |  | — |  |  | — |  |  | 73 |
Warid non-controlling interest put option liability |  |  | — |  |  | — |  |  | 290 |  |  | — |  |  | 290 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total financial liabilities |  |  | 5,346 |  |  | 3,943 |  |  | 2,308 |  |  | 3,310 |  |  | 14,907 |
Related derivatives financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross cash inflows |  |  | (29 | ) |  | — |  |  | — |  |  | — |  |  | (29 | )
Gross cash outflows |  |  | 27 |  |  | — |  |  | — |  |  | — |  |  | 27 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Related derivative financial assets |  |  | (2 | ) |  | — |  |  | — |  |  | — |  |  | (2 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total financial liabilities, net of derivative assets |  |  | 5,344 |  |  | 3,943 |  |  | 2,308 |  |  | 3,310 |  |  | 14,905 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
INTEREST RATE RISK |
FINANCIAL RISK MANAGEMENT |
Schedule of sensitivity analysis |
|  | Effect on profit / (loss) before tax |  | Effect on other comprehensive income |
Increase / decrease in basis points |  |  | +100 |  |  | –100 |  |  | +100 |  |  | –100 |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |
Euro |  |  | (7 | ) |  | 7 |  |  | 23 |  |  | (24 | )
U.S. Dollar |  |  | 3 |  |  | (3 | ) |  | (20 | ) |  | 21 |
Pakistani Rupee |  |  | (3 | ) |  | 3 |  |  | 1 |  |  | (1 | )
Ukrainian Hryvnia |  |  | 2 |  |  | (2 | ) |  | — |  |  | — |
Other currencies |  |  | 4 |  |  | (4 | ) |  | — |  |  | — |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |
Algerian Dinar |  |  | (1 | ) |  | 1 |  |  | — |  |  | — |
Uzbek Som |  |  | 7 |  |  | (7 | ) |  | — |  |  | — |
Pakistani Rupee |  |  | — |  |  | — |  |  | 2 |  |  | (2 | )
Ukrainian Hryvnia |  |  | 1 |  |  | (1 | ) |  | — |  |  | — |
Other currencies |  |  | 2 |  |  | (2 | ) |  | — |  |  | — |
FOREIGN CURRENCY RISK |
FINANCIAL RISK MANAGEMENT |
Schedule of sensitivity analysis |
|  | Effect on profit / (loss) before tax |  | Effect on other comprehensive income |
Change in foreign exchange rate against US$ |  |  | 10% depreciation |  |  | 10% appreciation |  |  | 10% depreciation |  |  | 10% appreciation |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |
Russian Ruble |  |  | 44 |  |  | (48 | ) |  | — |  |  | — |
Bangladeshi Taka |  |  | (69 | ) |  | 76 |  |  | — |  |  | — |
Pakistani Rupee |  |  | (27 | ) |  | 30 |  |  | — |  |  | — |
Kazakh Tenge |  |  | 4 |  |  | (5 | ) |  | — |  |  | — |
Uzbek Som |  |  | (12 | ) |  | 13 |  |  | — |  |  | — |
Georgian Lari |  |  | (32 | ) |  | 35 |  |  | — |  |  | — |
Armenian dram |  |  | (0 | ) |  | 1 |  |  | — |  |  | — |
Euro |  |  | (18 | ) |  | 20 |  |  | 132 |  |  | (145 | )
Algerian Dinar |  |  | (3 | ) |  | 3 |  |  | — |  |  | — |
Other currencies |  |  | 0 |  |  | (0 | ) |  | — |  |  | — |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |
Russian Ruble |  |  | (80 | ) |  | 84 |  |  | 30 |  |  | (33 | )
Bangladeshi Taka |  |  | (68 | ) |  | 75 |  |  | — |  |  | — |
Pakistani Rupee |  |  | (30 | ) |  | 33 |  |  | — |  |  | — |
Kazakh Tenge |  |  | 5 |  |  | (5 | ) |  | — |  |  | — |
Uzbek Som |  |  | (4 | ) |  | 4 |  |  | (27 | ) |  | 30 |
Georgian Lari |  |  | (30 | ) |  | 33 |  |  | — |  |  | — |
Armenian dram |  |  | 18 |  |  | (20 | ) |  | — |  |  | — |
Euro |  |  | (9 | ) |  | 10 |  |  | — |  |  | — |
Algerian Dinar |  |  | (3 | ) |  | 4 |  |  | — |  |  | — |
Other currencies |  |  | (5 | ) |  | 5 |  |  | — |  |  | — |

X
- Definition The entire disclosure for financial instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2017-01-01 -Section Scope -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2017-03-01&anchor=sect_Scope&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of a maturity analysis for derivative financial liabilities, including the remaining contractual maturities for those derivative financial liabilities for which contractual maturities are essential for an understanding of the timing of the cash flows. + References No definition available. + Details
Name: | veon_ScheduleOfMaturityOfFinancialLiabilitiesTableTextBlock
Namespace Prefix: | veon_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the sensitivity analysis for types of market risk to which the entity is exposed, showing how profit or loss and equity would have been affected by changes in the relevant risk variable that were reasonably possible at that date. + References No definition available. + Details
Name: | veon_ScheduleOfSensitivityAnalysisForMarketRiskTableTextBlock
Namespace Prefix: | veon_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_InterestRateRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |