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Financial performance

Annual indicators

Financial indicators under RAS for 2016-2020

Graph
RUR bln Начальное изменение 2016 2017 2018 2019 2020
Revenue -8.0 86.1 91.1 93.9 94.5 95,0
- from electric power transmission 12.3 83.6 87.6 90.0 90.9 90,5
- from technological connection -20.0 1.4 1.6 1.9 1.5 1,3
- from resale of electric energy and power -100.0 0.1 0.5 0.5 0.5 0,5
- other -10.0 1.1 1.3 1.5 1.6 2,7
Prime cost -7.3 73.5 79.0 83.9 84.5 84,9
Profit (loss) from sales1 -9.0 10.6 9.8 7.7 7.6 7,7
EBITDA2 -3.2 16.9 19.4 16.6 16.0 18,5
Net profit -72.7 1.9 2.0 1.4 0.2 2,8
Total assets 5.8 122.7 119.7 122.5 124.3 130,3
Net assets 0.2 57.7 57.9 58.5 56.9 58,6
Loans and credits 13.2 43.3 41.5 40.4 43.2 45,3
Cash and cash equivalents Financial investments -75.0 2.6 1.4 0.8 1.0 1,0
Net debt3 14.1 40.7 40.1 39.6 42.2 44,3
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 2016-2020

Graph
RUR bln Начальное изменение 2016 2017 2018 2019 2020
Belgorodenergo 4.0 13.7 14.0 13.2 12.7 13.9
Bryanskenergo -42.1 4.6 5.1 5.2 5.4 5.4
Voronezhenergo 4.7 12.3 13.0 14.2 14.7 15.1
Kostromaenergo 5.0 4.5 5.0 5.3 5.3 5.2
Kurskenergo -15.4 6.9 7.2 7.4 7.6 7.5
Lipetskenergo 0.0 9.0 9.0 9.0 9.0 8.9
Orelenergo 0.0 4.1 4.4 4.6 4.7 4.7
Smolenskenergo -26.5 6.8 7.2 7.7 7.5 7.4
Tambovenergo 4.4 5.4 5.9 6.1 6.4 6.0
Tverenergo -20.7 9.7 10.8 11.2 11.1 10.9
Yarenergo 8.0 9.1 9.5 10.0 10.1 9.7

Financial ratios under RAS for 2016-2020

Graph
RUR bln Начальное изменение 2016 2017 2018 2019 2020
Current liquidity ratio 60.4 1.21 0.87 0.64 0.76 0.63
Solvency reestablishing ratio 111.6 0.53 0.35 0.26 0.41 0.28
Solvency restoring ratio 11.2 1.12 1.07 0.29 0.40 0.30
Total liabilities to total equity -34.3 0.29 0.33 1.10 1.18 1.22
Current liabilities to total equity -13.3 5.67 7.37 0.45 0.39 0.52
Accounts receivable turnover, times 5.5 1.78 1.80 7.29 7.24 6.50
Net fixed assets index -4.0 0.47 0.48 1.82 1.89 1.91
Equity-assets ratio -70.3 2.17 2.23 0.48 0.46 0.45
Return on sales, (indicator is calculated from the period start), % -70.4 2.54 2.57 1.50 0.23 2.98
Return on costs, (indicator is calculated from the period start), % 60.4 1.21 0.87 1.67 0.25 3.33

Changes in receivables and payables of the Company under RAS in 2016-2020

Graph
Начальное изменение 2016 2017 2018 2019 2020
Accounts receivable, RUR bln 6.0 15.2 12.4 12.9 13.1 14,6
- Consumers and Customers 10.8 12.7 11.2 11.7 12.2 13,0
- Advances made -75.0 0.1 0.1 0.1 0.2 0,4
- Other debtors -8.3 2.4 1.1 1.1 0.7 1,2
Accounts payable, RUR bln 12.6 11.0 9.8 13.4 12.4 13,8
- Suppliers and contractors -7.5 5.7 4.6 6.1 5.8 8,7
- Payroll liabilities - 0.6 0.7 0.6 0.7 0,0
- Debt to State non-budgetary funds 33.3 0.4 0.4 0.4 0.5 0,4
- Tax and duties liabilities 83.3 1.8 1.7 1.6 2.4 2,3
- Advances received 17.6 1.8 2.0 1.6 2.0 2,1
- Debt to members (founders) to pay income - 0.0 0.0 0.0 0.9 0,0
- Other creditors 116.7 0.7 0.4 3.1 0.1 0,3

Аnnual financial performance outlook under RAS for 2021


RUR bln Outlook
Revenue (total), including: 98,3
Electricity transmission revenue 93,4
Grid connection revenue 1,4
Revenue from sale of electricity 0,5
Sales revenue from other activities 3,1
Cost of products (services), total 89,3
Profit (loss) from sales1 6,8
EBITDA2 18,4
Net profit (loss) 2,5
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

Annual financial performance under IFRS in 2016-2020

Graph
Начальное изменение 2016 2017 2018 2019 2020
Revenue, RUR bln -7.1 86,3 91,1 93,9 94,6 97,6
- from electric energy transmission 12.3 83,6 87,6 90,0 90,9 92,8
- from grid connection -25.0 1,4 1,6 1,9 1,6 1,5
- from resale of electric energy and power -100.0 0,1 0,5 0,5 0,5 0,5
- other 58.3 1,2 1,4 1,5 1,6 2,8
Operating costs, RUR bln -15.5 78,8 83,1 87,2 88,5 89,4
Other profit, RUR bln 16.7 1,7 1,1 1,4 2,2 1,7
Operating profit/(loss), RUR bln -987.5 9,2 9,2 7,4 7,8 5,0
EBITDA, RUR bln 87.3 17,9 18,8 17,2 17,8 22,0
Profit/(loss) for the period, RUR bln -127.3 4,8 2,8 3,0 3,1 2,2
Total equity, RUR bln 0.0 43,3 42,6 44,9 45,9 47,9
Total assets, RUR bln 7.0 107 104,0 108,1 117,9 122,0
Loans and credits, RUR bln 12.9 43,3 41,5 40,4 46,5 47,4
Cash and cash equivalents, RUR bln -75.0 2,6 1,4 0,8 1,5 1,4
Net debt1, RUR bln 13.8 40,7 40,1 39,6 45,0 46,0
1 - Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents

Plans for 2021 and development prospects of the Company until 2025*


RUR bln 2021 2022 2023 2024 2025
Revenue, total 98,3 102,9 106,5 111,1 115,2
- from electric power transmission 93,4 97,3 100,3 103,5 107,3
- from technological connection 1,4 1,6 1,2 1,1 1,1
- from resale of electric energy and power 0,5 0,0 0,0 0,0 0,0
- other 3,1 4,0 5,0 6,5 6,8
Prime cost 89,3 92,0 95,0 98,0 100,0
Gross profit 9,1 10,9 11,6 13,1 15,1
Net profit 2,5 4,2 4,4 5,3 6,8
EBITDA 18,4 20,3 20,6 22,5 25,1

* Forecast data are indicated in accordance with the Business Plan of IDGC of Centre, approved by the Board of Directors on 29.12.2020, and do not take into account the risks actually implemented in the period from the moment of approval of the Business Plan of the Company until the publication of this Report.