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Financial performance

Quarterly indicators

Financial performance under RAS in 2015-2019

Graph
RUR bln Начальное изменение 12 Mont.'15 12 Mont.'16 12 Mont.'17 12 Mont.'18 12 Mont.'19
Revenue 0.0 22.1 24.5 25.3 25.5 25.9
- from electric power transmission 1.4 21.4 23.5 23.9 24.3 24.5
- from technological connection -33.3 0.4 0.5 0.7 0.6 0.6
- from resale of electricity and power -100.0 0.0 0.1 0.2 0.1 0.1
- other -25.0 0.3 0.4 0.5 0.4 0.6
Prime cost 9.2 18.9 20.0 22.2 23.3 22.2
Sales profit (loss)1 -3.7 2.6 3.8 2.5 1.4 2.9
EBITDA2 0.0 3.7 4.4 5.0 4.1 3.4
Net profit (loss) -100.0 0.0 0.6 0.8 0.4 -0.7
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 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 2015-2019

Graph
RUR bln Начальное изменение 12M '15 12M '16 12M '17 12M '18 12M '19
Belgorodenergo 2.9 3.5 3.8 3.6 3.4 3.5
Bryanskenergo -20.0 1.2 1.3 1.4 1.4 1.5
Voronezhenergo 3.3 3.1 3.6 3.7 4.0 4.1
Kostromaenergo 9.1 1.2 1.3 1.4 1.4 1.4
Kurskenergo -5.6 1.7 2.0 2.1 2.0 2.2
Lipetskenergo -4.2 2.3 2.4 2.5 2.4 2.4
Orelenergo 0.0 1.0 1.2 1.3 1.3 1.3
Smolenskenergo 5.9 1.8 1.9 2.1 2.1 2.0
Tambovenergo 16.7 1.4 1.5 1.6 1.7 1.7
Tverenergo -16.7 2.5 2.9 3.0 3.1 3.0
Yarenergo 20.0 2.4 2.6 2.6 2.7 2.8

Financial ratios under RAS for 2015-2019

Graph
Начальное изменение 12M 2015 12M 2016 12M 2017 12M 2018 12M 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 loss ratio, % 11.2 1.09 1.12 1.07 0.29 0,40
The ratio of total liabilities to total equity -34.3 0.23 0.29 0.33 1.1 1.18
The ratio of current liabilities to total equity -13.3 4.5 5.67 7.37 0.45 0.39
Accounts receivable turnover, times (the indicator is calculated from the period beginning) 5.5 1.73 1.78 1.8 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 1.5 0.23
Return on costs, % (indicator is calculated from the period start) 60.4 1.54 1.21 0.87 1.67 0.25

Data on receivables and payables of the Company under RAS in 2019

Graph
Начальное изменение 12M 2015 12M 2016 12M 2017 12M 2018 12M 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 none 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 none 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 the quarterly financial performance outlook under RAS for 1Q 2020


RUR bln Outlook, 1Q 2020
Revenue, total 25.4
Prime cost, total 23.3
Gross profit, total 2.1
Management expenses 0.5
Profit from sales 1.6
Other income, total 0.2
Other expenses, total 1.1
Profit before income tax 0.7
Income tax and other similar mandatory payments 0.2
Net profit 0.5

Financial performance under IFRS in 2016-2019

Graph
RUR bln Начальное изменение 12M '16 12M '17 12M '18 12M '19
Revenue none 24.5 25.3 25.5 25.9
- from electric energy transmission none 23.6 23.9 24.3 24.6
- from grid connection none 0.5 0.7 0.7 0.7
- from resale of electric energy and power none 0.1 0.1 0.1 0.1
- other none 0.3 0.6 0.4 0.6
Operating costs none 22.6 24.1 25.2 24.9
Other profit none 1.0 0.4 0.5 1.6
Operating profit/(loss) none 2.9 1.8 1.8 2.7
EBITDA none 5.1 4.0 4.2 5.5
Profit/(loss) for the period none 1.5 0.3 0.9 1.5
Total equity none 43.3 44.2 44.9 46.1
Total assets none 107.0 105.1 108.1 118.4
Loans and credits none 43.3 41.5 40.4 46.5
Cash and cash equivalents none 2.6 1.4 0.8 1.5
Net debt1 none 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