15. LONG-TERM FINANCIAL ASSETS

Long-term financial assets as of December 31, 2013, December 31, 2012 and January 1, 2012 comprise the following:

RUB millions

December 31, 2013

December 31, 2012

January 1, 2012

Long-term loans issued

15,335

15,507

2,800

Forward contracts - cash flow hedge

283

342

Financial assets held to maturity

7

Available for sale financial assets

7,478

8,106

7,481

Less impairment provision

(690)

(699)

(791)

TOTAL LONG-TERM FINANCIAL ASSETS

22,406

23,256

9,497

Notes in Consolidated Statements:

Consolidated Statement of Financial Position