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Financial performance

1 half

Financial performance under RAS in 2017-2021

Graph
RUR bln Начальное изменение 1H 2017 1H 2018 1H 2019 1H 2020 1H 2021
Revenue 6.4 45.2 46.7 46.5 45.7 49,9
- from electric power transmission 6.1 43.8 45.1 45.1 44.2 48,1
- from technological connection 20.0 0.6 0.8 0.5 0.4 0,4
- from resale of electricity and power - 0.3 0.3 0.3 0.3 0,3
- other 0.0 0.5 0.5 0.6 0.8 1,1
Prime cost 9.1 38,3 41 42.3 42.0 44,1
Sales profit (loss)1 -8.5 5.8 4.7 3.3 2.7 4,9
EBITDA2 7.8 10.7 9.4 9.7 8.5 11,0
Net profit (loss) 80.0 1.9 1.6 0.8 0.9 3,0
Total assets 6.8 120.7 119.7 120.6 123.6 130,7
Net assets 1.4 57.8 57.9 58.3 56.6 60,2
Loans and credits 15.8 42.4 41.5 41.5 43.2 44,7
Cash and cash equivalents Financial investments 83.3 3.7 1.4 0.1 1.5 1,5
Net debt3 13.5 38.7 40.1 41.4 41.7 43,2
1 - Revenue net of cost of sales, selling and administrative 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 the branches for 2017-2021

Graph
RUR bln Начальное изменение 1H 2017 1H 2018 1H 2019 1H 2020 1H 2021
Belgorodenergo 3.1 7.3 6.4 6.0 6.3 6,7
Bryanskenergo 0.0 2.4 2.6 2.7 2.6 2,8
Voronezhenergo 7.3 6.3 7.0 7.1 7.2 8,1
Kostromaenergo 10.0 2.5 2.6 2.6 2.5 2,9
Kurskenergo 0.0 3.5 3.7 3.6 3.5 3,9
Lipetskenergo 4.7 4.5 4.5 4.5 4.4 4,6
Orelenergo 11.1 2.1 2.3 2.3 2.3 2,5
Smolenskenergo 13.8 3.5 3.9 3.8 3.6 4,0
Tambovenergo 13.0 2.9 3.0 3.3 2.9 3,0
Tverenergo 9.5 5.4 5.6 5.6 5.3 5,8
Yarenergo 5.0 4.8 5.1 5.0 5.0 5,3

Financial ratios under RAS for 2017-2021

Graph
Начальное изменение 1H 2017 1H 2018 1H 2019 1H 2020 1H 2021
Current liquidity ratio, % 82.1 0.96 1.35 0.71 0.70 1,03
Solvency reestablishing ratio, % 108.7 0.35 0.92 0.39 0.31 0,72
Solvency loss ratio, % 93.6 0.42 0.80 0.38 0.33 0,62
The ratio of total liabilities to total equity 9.9 1.09 1.00 1.07 1.18 1,17
The ratio of current liabilities to total equity -41.0 0.36 0.19 0.41 0.50 0,33
Accounts receivable turnover, times (the indicator is calculated from the period beginning) 6.0 3.59 4.17 3.44 3.18 3,26
Net fixed assets index 5.5 1.75 1.76 1.78 1.84 1,84
Equity-assets ratio, % -6.0 0.48 0.50 0.48 0.46 0,46
Return on sales, % (indicator is calculated from the period start) 79.3 4.30 3.34 1.65 0.01 0,06
Return on costs, % (indicator is calculated from the period start) 75.4 5.05 3.80 1.82 0.02 0,07

Data on receivables and payables of the Company under RAS in 2017-2021

Graph
Начальное изменение 1H 2017 1H 2018 1H 2019 1H 2020 1H 2021
Accounts receivable, RUR bln 0.6 12.6 11.2 13.5 14.4 15,3
- Consumers and Customers 0.8 10.0 10 12 12.3 12,0
- Advances made -100.0 0.1 0.1 0.2 0.5 0,5
- Other debtors 5.9 2.4 1.1 1.3 1.6 2,8
Accounts payable, RUR bln 3.1 10.1 9.1 10.5 12.50 12,5
- Suppliers and contractors 9.1 4.7 4.1 5.4 7 6,8
- Payroll liabilities 0.0 0.7 0.9 0.6 0.7 0,7
- Debt to State non-budgetary funds 0.0 0.4 0.4 0.4 0.4 0,4
- Tax and duties liabilities 27.3 1.8 1.8 2 1.9 2,2
- Advances received -5.0 2.1 1.5 1.7 2.3 2,0
- Debt to members (founders) to pay income -37.5 0.1 0.1 0.1 0.0 0,1
- Other creditors 16.7 0.4 0.3 0.3 0.2 0,3

Forecast the quarterly financial performance outlook under RAS for 3Q 2021


RUR bln Outlook
Revenue, total 23,2
Electricity transmission revenue 21,9
Proceeds from technological connection 0,3
Revenue from the sale of electricity 0,1
Proceeds from sales of other activities 0,9
Cost of products (services), total 21,7
Profit (loss) from sales 1,0
EBITDA2 3,9
Net income (loss) 0,0

Financial performance under IFRS in 2017-2021

Graph
Начальное изменение 1H 2017 1H 2018 1H 2019 1H 2020 1H 2021
Revenue, RUR bln none 45.2 46.8 46.6 46.4 52,1
- from electric energy transmission none 43.8 45.1 45.1 44.9 50,2
- from grid connection none 0.6 0.8 0.5 0.4 0,5
- from resale of electric energy and power none 0.3 0.3 0.3 0.3 0,3
- other none 0.5 0.6 0.7 0.8 1,1
Operating costs, RUR bln none 39.7 42,4 43.5 43.3 46,6
Other profit, RUR bln none 0.4 0.5 0.6 0.6 0,8
Operating profit/(loss), RUR bln none 6.0 4.8 3.8 3.7 6,4
EBITDA, RUR bln none 11.0 9.8 9.2 9.5 12,4
Profit/(loss) for the period, RUR bln none 2.7 2.3 1.5 1.8 3,7
Total equity, RUR bln none 44.0 45.5 45.2 47.8 50,4
Total assets, RUR bln none 107.8 103.6 109.2 120.3 123,0
Loans and credits, RUR bln none 42.4 38.8 43.6 46.4 48,7
Cash and cash equivalents, RUR bln none 3.8 0.3 0.1 2.0 1,9
Net debt1, RUR bln none 38.6 38.5 43.5 44.4 46,8
1 - Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents