Financial performance

Annual indicators

Financial indicators under RAS for 2012-2016

Graph
Начальное изменение 2012 2013 2014 2015 2016
Revenue, RUR bln 1.9 69.4 92.9 86.7 79.8 86.1
- from electric power transmission 2.7 67.5 61.4 69.2 77.7 83.6
- from technological connection -29.4 1.2 0.9 1.5 1.2 1.4
- from resale of electric energy and power 0.0 0.0 29.8 15.1 0.0 0.1
- other -12.5 0.7 0.9 1.0 0.9 1.1
Prime cost, RUR bln 4.3 57.9 78.1 73.9 15.2 73.5
EBITDA1, RUR bln -10.1 12.4 11.6 15.7 68.5 16.9
Net profit, RUR bln -32.7 3.5 0.3 3.3 15.2 1.9
Net debt2, RUR bln 36.4 25.5 32.0 36.8 0.9 40.7
Net assets, RUR bln 5.9 53.5 53.0 56.2 42.0 57.7
Capitalization3, RUR bln -2.4 24.6 9.3 11.5 56.3 18.7
1 - EBITDA is calculated as follows: net profit + profit tax and other similar mandatory payments + interest payable + depreciation charges
2 - Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents – financial investments
3 - Calculation of weighted average share price on the last trading day of the year

Revenue under RAS broken down by Branches in 2012-2016

Graph
RUR bln Начальное изменение 12M' 12 12M' 13 12M' 14 12M' 15 12M' 16
Belgorodenergo 5.3 12.0 13.7 12.6 13.1 13.7
Bryanskenergo 7.8 5.5 10.5 7.6 4.4 4.6
Voronezhenergo -7.4 7.5 9.5 10.7 11.2 12.3
Kostromaenergo 5.7 3.7 3.8 4.0 4.2 4.5
Kurskenergo -6.3 5.9 10.1 7.8 6.6 6.9
Lipetskenergo -4.7 8.2 8.5 8.8 8.8 9.0
Orelenergo 6.5 3.3 5.4 3.8 3.8 4.1
Smolenskenergo 8.5 5.1 7.2 8.3 6.1 6.8
Tambovenergo 12.5 3.6 4.0 4.5 4.7 5.4
Tverenergo 3.9 7.9 12.6 11.1 8.8 9.7
Yarenergo 3.1 6.7 7.6 7.5 8.1 9.1

Financial ratios under RAS for 2012-2016


2012 2013 2014 2015 2016
Current liquidity ratio, % 1.17 1.19 0.96 1.54 1.21
Solvency reestablishing ratio, % 0.57 0.60 0.43 0.91 0.53
Total liabilities to total equity 0.85 0.98 0.98 1.09 1.12
Current liabilities to total equity 0.26 0.26 0.35 0.23 0.29
Accounts receivable turnover, times 5.16 7.14 5.19 4.50 5.67
Net fixed assets index 1.54 1.67 1.64 1.73 1.78
Equity-assets ratio 0.54 0.50 0.50 0.48 0.47
Return on sales, % (indicator is calculated from the period start) 5.0 0.32 3.84 1.14 2.17
Return on costs, % (indicator is calculated from the period start) 6.0 0.37 4.50 1.33 2.54

Changes in receivables and payables of the Company under RAS for 2012-2016

Graph
Начальное изменение 2012 2013 2014 2015 2016
Accounts receivable, RUR bln 62.7 13.5 13.0 16.7 17.7 15.2
- Consumers and Customers 74.6 11.7 11.1 13.9 15.4 12.7
- Advances made 66.7 0.5 0.2 0.4 0.1 0.1
- Other debtors -14.3 1.2 1.8 2.4 2.2 2.4
Accounts payable, RUR bln 42.9 11.0 10.7 8.7 9.8 11.0
- Suppliers and contractors 21.7 5.6 6.2 5.3 4.9 5.7
- Payroll liabilities 33.3 0.4 0.0 0.0 0.0 0.6
- Debt to State non-budgetary funds 100 0.2 0.3 0.3 0.4 0.4
- Tax and duties liabilities 400 0.5 0.8 0.6 1.1 1.8
- Advances received 100 3.6 2.6 1.7 2.0 1.8
- Debt to members (founders) to pay income 0 0.0 0.0 0.0 0.0 0.0
- Other creditors -12.5 0.7 0.8 0.6 1.3 0.7

Forecast annual financial performance outlook under RAS for 2017


RUR bln Outlook, 2017
Revenue (total), including: 86.8
- Revenue from electric energy transmission 84.5
- Revenue from grid connection 1.3
- Other revenue 1.0
Prime cost 78.7
EBITDA1 17.4
Net profit 1.4
Loans and credits 42.8
Net debt2 42.3
1 EBITDA is calculated as follows: net profit + profit tax and other similar mandatory payments + interest payable + depreciation charges
2 Net debt is calculated as follows: long-term borrowed funds + short-term borrowed funds – cash and cash equivalents – short-term financial investments

Annual financial performance under IFRS in 2012-2016

Graph
Начальное изменение 2012 2013 2014 2015 2016
Revenue, RUR bln 0 70.0 93.3 87.0 80.8 86.3
- from electric energy transmission 0 67.5 61.4 69.2 77.7 83.6
- from grid connection 0 1.4 1.1 1.6 1.2 1.4
- from resale of electric energy and power 0 0.0 29.8 15.1 0.0 0.0
- other 0 1.1 1.0 1.2 1.9 1.3
Operating costs, RUR bln 0 -63.1 -91.2 -89.0 -75.2 -78.8
Other profit, RUR bln 0 0.9 1.3 1.2 1.4 1.7
Operating profit/(loss), RUR bln 0 7.8 3.4 -0.8 7.1 9.2
EBITDA, RUR bln 0 15.2 11.3 7.9 14.8 17.9
Profit/(loss) for the period, RUR bln 0 4.6 0.3 -3.3 0.9 4.8
Total equity, RUR bln 0 42.6 41.8 38.9 38.9 43.3
Total assets, RUR bln 0 89.6 96.0 93.8 100.4 107.0
Loans and credits, RUR bln 0 26.5 33.1 37.3 42.1 43.3
Cash and cash equivalents, RUR bln 0 1.0 1.1 0.4 0.1 2.6
Net debt1, RUR bln 0 25.5 32.0 36.9 42.0 40.7
1 - Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents