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Financial performance

Annual indicators

Financial indicators under RAS for 2015-2019

Graph
RUR bln Начальное изменение 2015 2016 2017 2018 2019
Revenue -8.0 79.8 86.1 91.1 93.9 86.1
- from electric power transmission 12.3 77.7 83.6 87.6 90.0 90.9
- from technological connection -20.0 1.2 1.4 1.6 1.9 1.5
- from resale of electric energy and power -100.0 0.0 0.1 0.5 0.5 0.5
- other -10.0 0.9 1.1 1.3 1.5 1.6
Prime cost -7.3 68.5 73.5 79.0 83.9 84.5
Profit (loss) from sales1 -9.0 9.1 10.6 9.8 7.7 7.6
EBITDA2 -3.2 15.2 16.9 19.4 16.6 16.0
Net profit -72.7 0.9 1.9 2.0 1.4 0.2
Total assets 5.8 117.9 122.7 119.7 122.5 124.3
Net assets 0.2 56.3 57.7 57.9 58.5 56.9
Loans and credits 13.2 42.1 43.3 41.5 40.4 43.2
Cash and cash equivalents Financial investments -75.0 0.1 2.6 1.4 0.8 1.0
Net debt3 14.1 42.0 40.7 40.1 39.6 42.2
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 2015-2019

Graph
RUR bln Начальное изменение 2015 2016 2017 2018 2019
Belgorodenergo 4.0 13.1 13.7 14.0 13.2 12.7
Bryanskenergo -42.1 4.4 4.6 5.1 5.2 5.4
Voronezhenergo 4.7 11.2 12.3 13.0 14.2 14.7
Kostromaenergo 5.0 4.2 4.5 5.0 5.3 5.3
Kurskenergo -15.4 6.6 6.9 7.2 7.4 7.6
Lipetskenergo 0.0 8.8 9.0 9.0 9.0 9.0
Orelenergo 0.0 3.8 4.1 4.4 4.6 4.7
Smolenskenergo -26.5 6.1 6.8 7.2 7.7 7.5
Tambovenergo 4.4 4.7 5.4 5.9 6.1 6.4
Tverenergo -20.7 8.8 9.7 10.8 11.2 11.1
Yarenergo 8.0 8.1 9.1 9.5 10.0 10.1

Financial ratios under RAS for 2015-2019

Graph
RUR bln Начальное изменение 2015 2016 2017 2018 2019
Current liquidity ratio 60.4 1.54 1.21 0.87 0.64 0.76
Solvency reestablishing ratio 111.6 0.91 0.53 0.35 0.26 0.41
Solvency restoring ratio 11.2 1.09 1.12 1.07 0.29 0.40
Total liabilities to total equity -34.3 0.23 0.29 0.33 1.10 1.18
Current liabilities to total equity -13.3 4.50 5.67 7.37 0.45 0.39
Accounts receivable turnover, times 5.5 1.73 1.78 1.80 7.29 7.24
Net fixed assets index -4.0 0.48 0.47 0.48 1.82 1.89
Equity-assets ratio -70.3 1.14 2.17 2.23 0.48 0.46
Return on sales, (indicator is calculated from the period start) -70.4 1.33 2.54 2.57 1.50 0.23
Return on costs, (indicator is calculated from the period start) 60.4 1.54 1.21 0.87 1.67 0.25

Changes in receivables and payables of the Company under RAS in 2015-2019

Graph
Начальное изменение 2015 2016 2017 2018 2019
Accounts receivable, RUR bln 6.0 17.7 15.2 12.4 12.9 13.1
- Consumers and Customers 10.8 15.4 12.7 11.2 11.7 12.2
- Advances made -75.0 0.1 0.1 0.1 0.1 0.2
- Other debtors -8.3 2.2 2.4 1.1 1.1 0.7
Accounts payable, RUR bln 12.6 9.8 11.0 9.8 13.4 12.4
- Suppliers and contractors -7.5 4.9 5.7 4.6 6.1 5.8
- Payroll liabilities - 0.0 0.6 0.7 0.6 0.7
- Debt to State non-budgetary funds 33.3 0.4 0.4 0.4 0.4 0.5
- Tax and duties liabilities 83.3 1.1 1.8 1.7 1.6 2.4
- Advances received 17.6 2.0 1.8 2.0 1.6 2.0
- Debt to members (founders) to pay income - 0.0 0.0 0.0 0.0 0.9
- Other creditors 116.7 1.3 0.7 0.4 3.1 0.1

Forecast annual financial performance outlook under RAS for 2020


RUR bln Outlook, 2020
Revenue, total 96.2
Prime cost, total 87.8
Gross profit, total 8.4
Management expenses 2.2
Profit from sales 6.1
Other income, total 1.5
Other expenses, total 4.7
Profit before income tax 2.9
Income tax and other similar mandatory payments 0.9
Net profit 2.0

Annual financial performance under IFRS in 2015-2019

Graph
Начальное изменение 2015 2016 2017 2018 2019
Revenue, RUR bln -7.1 80.8 86.3 91.1 93.9 94.6
- from electric energy transmission 12.3 77.7 83.6 87.6 90.0 90.9
- from grid connection -25.0 1.2 1.4 1.6 1.9 1.6
- from resale of electric energy and power -100.0 0.0 0.1 0.5 0.5 0.5
- other 58.3 1.9 1.2 1.4 1.5 1.6
Operating costs, RUR bln -15.5 75.2 78.8 83.1 87.9 88.5
Other profit, RUR bln 16.7 1.4 1.7 1.1 1.3 2.5
Operating profit/(loss), RUR bln -987.5 7.1 9.2 9.2 7.4 8.1
EBITDA, RUR bln 87.3 14.8 17.9 18.8 17.2 18.9
Profit/(loss) for the period, RUR bln -127.3 0.9 4.8 2.8 3.0 3.2
Total equity, RUR bln 0.0 38.9 43.3 42.6 44.9 46.1
Total assets, RUR bln 7.0 100.4 107.0 104.0 108.1 118.4
Loans and credits, RUR bln 12.9 42.1 43.3 41.5 40.4 46.5
Cash and cash equivalents, RUR bln -75.0 0.1 2.6 1.4 0.8 1.5
Net debt1, RUR bln 13.8 42.0 40.7 40.1 39.6 45.0
1 - Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents