Financial performance

Annual indicators

Financial indicators under RAS for 2013-2017

Graph
RUR bln Начальное изменение 2013 2014 2015 2016 2017
Revenue 33.9 92.9 86.7 79.8 86.1 91.1
- from electric power transmission -9.0 61.4 69.2 77.7 83.6 87.6
- from technological connection -25.0 0.9 1.5 1.2 1.4 1.6
- from resale of electric energy and power - 29.8 15.1 0.0 0.1 0.6
- other 28.6 0.9 1.0 0.9 1.0 1.3
Prime cost 34.9 78.1 73.9 68.5 73.5 79.0
Profit (loss) from sales1 22.3 11.5 10.0 9.1 10.6 9.8
EBITDA2 -6.5 11.6 15.7 15.2 16.9 19.4
Net profit -91.4 0.3 3.3 0.9 1.9 2.0
Total assets 6.0 105.0 111.4 117.9 122.7 119.7
Net assets -0.9 53.0 56.2 56.3 57.7 57.9
Loans and credits 25.4 33.1 37.2 42.1 43.3 41.5
Cash and cash equivalents Financial investments 0.0 1.0 0.4 0.1 2.6 1.4
Net debt3 25.5 32.0 36.8 42.0 40.7 40.1
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 2013-2017

Graph
RUR bln Начальное изменение 2013 2014 2015 2016 2017
Belgorodenergo 14.2 13.7 12.6 13.1 13.7 14.0
Bryanskenergo 90.9 10.5 7.6 4.4 4.6 5.1
Voronezhenergo 26.7 9.5 10.7 11.2 12.3 13.0
Kostromaenergo 2.7 3.8 4.0 4.2 4.5 5.0
Kurskenergo 71.2 10.1 7.8 6.6 6.9 7.2
Lipetskenergo 3.7 8.5 8.8 8.8 9.0 9.0
Orelenergo 63.6 5.4 3.8 3.8 4.1 4.4
Smolenskenergo 41.2 7.2 8.3 6.1 6.8 7.2
Tambovenergo 11.1 4.0 4.5 4.7 5.4 5.9
Tverenergo 59.5 12.6 11.1 8.8 9.7 10.8
Yarenergo 13.4 7.6 7.5 8.1 9.1 9.5

Financial ratios under RAS for 2013-2017


2013 2014 2015 2016 2017
Current liquidity ratio, % 1.19 0.96 1.54 1.21 0.87
Solvency reestablishing ratio, % 0.60 0.43 0.91 0.53 0.35
Total liabilities to total equity 0.98 0.98 1.09 1.12 1.07
Current liabilities to total equity 0.26 0.35 0.23 0.29 0.33
Accounts receivable turnover, times 7.14 5.19 4.50 5.67 7.37
Net fixed assets index 1.67 1.64 1.73 1.78 1.80
Equity-assets ratio 0.50 0.50 0.48 0.47 0.48
Return on sales, % (indicator is calculated from the period start) 0.32 3.84 1.14 2.17 2.23
Return on costs, % (indicator is calculated from the period start) 0.37 4.50 1.33 2.54 2.57

Changes in receivables and payables of the Company under RAS for 2013-2017

Graph
Начальное изменение 2013 2014 2015 2016 2017
Accounts receivable, RUR bln -3.7 13.0 16.7 17.7 15.2 12.4
- Consumers and Customers -5.1 11.1 13.9 15.4 12.7 11.2
- Advances made -60.0 0.2 0.4 0.1 0.1 0.1
- Other debtors 50.0 1.8 2.4 2.2 2.4 1.1
Accounts payable, RUR bln -2.7 10.7 8.7 9.8 11.0 9.8
- Suppliers and contractors 10.7 6.2 5.3 4.9 5.7 4.6
- Payroll liabilities -100.0 0.0 0.0 0.0 0.6 0.7
- Debt to State non-budgetary funds 50.0 0.3 0.3 0.4 0.4 0.4
- Tax and duties liabilities 60.0 0.8 0.6 1.1 1.8 1.7
- Advances received -27.8 2.6 1.7 2.0 1.8 2.0
- Debt to members (founders) to pay income - 0.0 0.0 0.0 0.0 0.0
- Other creditors 14.3 0.8 0.6 1.3 0.7 0.4

Forecast annual financial performance outlook under RAS for 2018


RUR bln Outlook, 2018
Revenue (total), including: 95.6
- Revenue from electric energy transmission 92.8
- Revenue from grid connection 1.6
- Other revenue 1.2
Prime cost 83.2
Profit from sales1 10.1
EBITDA2 19.3
Net profit 2.8
Total assets 120.7
Net assets 59.8
Loans and credits 41.0
Cash and cash equivalents Financial investments (short-term) 0.4
Net debt3 40.6
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

Annual financial performance under IFRS in 2013-2017

Graph
Начальное изменение 2013 2014 2015 2016 2017
Revenue, RUR bln 33.3 93.3 87.0 80.8 86.3 91.1
- from electric energy transmission -9.0 61.4 69.2 77.7 83.6 87.6
- from grid connection -21.4 1.1 1.6 1.2 1.4 1.6
- from resale of electric energy and power - 29.8 15.1 0.0 0.1 0.5
- other -9.1 1.0 1.2 1.9 1.2 1.4
Operating costs, RUR bln 44.5 -91.2 -89.0 -75.2 -78.8 -83.3
Other profit, RUR bln 44.4 1.3 1.2 1.4 1.7 1.3
Operating profit/(loss), RUR bln -56.4 3.4 -0.8 7.1 9.2 9.1
EBITDA, RUR bln -25.7 11.3 7.9 14.8 17.9 19.0
Profit/(loss) for the period, RUR bln -93.5 0.3 -3.3 0.9 4.8 3.0
Total equity, RUR bln -1.9 41.8 38.9 38.9 43.3 44.2
Total assets, RUR bln 7.1 96.0 93.8 100.4 107.0 105.1
Loans and credits, RUR bln 24.9 33.1 37.3 42.1 43.3 41.5
Cash and cash equivalents, RUR bln 10.0 1.1 0.4 0.1 2.6 1.4
Net debt1, RUR bln 25.5 32.0 36.9 42.0 40.7 40.1
1 - Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents

Сообщение о хищении электроэнергии