Financial performance

Annual indicators

Financial indicators under RAS for 2014-2018

Graph
RUR bln Начальное изменение 2014 2015 2016 2017 2018
Revenue -6.7 86.7 79.8 86.1 91.1 93.9
- from electric power transmission 12.7 69.2 77.7 83.6 87.6 90.0
- from technological connection 66.7 1.5 1.2 1.4 1.6 1.9
- from resale of electric energy and power -49.3 15.1 0.0 0.1 0.5 0.5
- other 11.1 1.0 0.9 1.1 1.3 1.5
Prime cost -5.4 73.9 68.5 73.5 79.0 83.9
Profit (loss) from sales1 -13.0 10.0 9.1 10.6 9.8 7.7
EBITDA2 35.3 15.7 15.2 16.9 19.4 16.6
Net profit 1000.0 3.3 0.9 1.9 2.0 1.4
Total assets 6.1 111.4 117.9 122.7 119.7 122.5
Net assets 6.0 56.2 56.3 57.7 57.9 58.5
Loans and credits 12.4 37.2 42.1 43.3 41.5 40.4
Cash and cash equivalents Financial investments -60.0 0.4 0.1 2.6 1.4 0.8
Net debt3 15.0 36.8 42.0 40.7 40.1 39.6
1 - Revenue net of cost, commercial and management expenses
2 - EBITDA is calculated as follows: net profit + profit tax and other similar mandatory payments + interest payable + depreciation charges
3 - Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents – short-term financial investments

Revenue under RAS broken down by Branches in 2014-2018

Graph
RUR bln Начальное изменение 2014 2015 2016 2017 2018
Belgorodenergo -8.0 12.6 13.1 13.7 14.0 13.2
Bryanskenergo -27.6 7.6 4.4 4.6 5.1 5.2
Voronezhenergo 12.6 10.7 11.2 12.3 13.0 14.2
Kostromaenergo 5.3 4.0 4.2 4.5 5.0 5.3
Kurskenergo -22.8 7.8 6.6 6.9 7.2 7.4
Lipetskenergo 3.5 8.8 8.8 9.0 9.0 9.0
Orelenergo -29.6 3.8 3.8 4.1 4.4 4.6
Smolenskenergo 15.3 8.3 6.1 6.8 7.2 7.7
Tambovenergo 12.5 4.5 4.7 5.4 5.9 6.1
Tverenergo -11.9 11.1 8.8 9.7 10.8 11.2
Yarenergo -1.3 7.5 8.1 9.1 9.5 10.0

Financial ratios under RAS for 2014-2018

Graph
RUR bln Начальное изменение 2014 2015 2016 2017 2018
Current liquidity ratio -19.3 0.96 1.54 1.21 0.87 0.64
Solvency reestablishing ratio -28.3 0.43 0.91 0.53 0.35 0.26
Solvency restoring ratio 0.0 0.98 1.09 1.12 1.07 0.29
Total liabilities to total equity 34.6 0.35 0.23 0.29 0.33 1.10
Current liabilities to total equity -27.3 5.19 4.50 5.67 7.37 0.45
Accounts receivable turnover, times -1.8 1.64 1.73 1.78 1.80 7.29
Net fixed assets index 0.0 0.50 0.48 0.47 0.48 1.82
Equity-assets ratio 1100.0 3.84 1.14 2.17 2.23 0.48
Return on sales, (indicator is calculated from the period start) 1116.2 4.50 1.33 2.54 2.57 1.50
Return on costs, (indicator is calculated from the period start) -19.3 0.96 1.54 1.21 0.87 1.67

Changes in receivables and payables of the Company under RAS for 2018

Graph
Начальное изменение 2014 2015 2016 2017 2018
Accounts receivable, RUR bln 28.5 16.7 17.7 15.2 12.4 12.9
- Consumers and Customers 25.2 13.9 15.4 12.7 11.2 11.7
- Advances made 100.0 0.4 0.1 0.1 0.1 0.1
- Other debtors 33.3 2.4 2.2 2.4 1.1 1.1
Accounts payable, RUR bln -18.7 8.7 9.8 11.0 9.8 13.4
- Suppliers and contractors -14.5 5.3 4.9 5.7 4.6 6.1
- Payroll liabilities - 0.0 0.0 0.6 0.7 0.6
- Debt to State non-budgetary funds 0.0 0.3 0.4 0.4 0.4 0.4
- Tax and duties liabilities -25.0 0.6 1.1 1.8 1.7 1.6
- Advances received -34.6 1.7 2.0 1.8 2.0 1.6
- Debt to members (founders) to pay income - 0.0 0.0 0.0 0.0 0.0
- Other creditors -25.0 0.6 1.3 0.7 0.4 3.1

Forecast annual financial performance outlook under RAS for 2019


RUR bln Outlook, 2019
Revenue, total 96.3
Prime cost, total 86.8
Gross profit, total 9.5
Management expenses 2.2
Profit from sales 7.2
Other income, total 2.0
Other expenses, total 5.6
Profit before income tax 3.6
Income tax and other similar mandatory payments 1.2
Net profit 2.4

Annual financial performance under IFRS in 2014-2018

Graph
Начальное изменение 2014 2015 2016 2017 2018
Revenue, RUR bln -6.8 87.0 80.8 86.3 91.1 93.9
- from electric energy transmission 12.7 69.2 77.7 83.6 87.6 90.0
- from grid connection 45.5 1.6 1.2 1.4 1.6 1.9
- from resale of electric energy and power -49.3 15.1 0.0 0.1 0.5 0.5
- other 20.0 1.2 1.9 1.2 1.4 1.5
Operating costs, RUR bln 2.4 89.0 75.2 78.8 83.1 87.9
Other profit, RUR bln -7.7 1.2 1.4 1.7 1.1 1.3
Operating profit/(loss), RUR bln -123.5 -0.8 7.1 9.2 9.2 7.4
EBITDA, RUR bln -30.1 7.9 14.8 17.9 18.8 17.2
Profit/(loss) for the period, RUR bln -1200.0 -3.3 0.9 4.8 2.8 3.0
Total equity, RUR bln -6.9 38.9 38.9 43.3 42.6 44.9
Total assets, RUR bln -2.3 93.8 100.4 107.0 104.0 108.1
Loans and credits, RUR bln 12.7 37.3 42.1 43.3 41.5 40.4
Cash and cash equivalents, RUR bln -63.6 0.4 0.1 2.6 1.4 0.8
Net debt1, RUR bln 15.3 36.9 42.0 40.7 40.1 39.6
1 - Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents