Financial performance

Quarterly indicators

Financial performance under RAS in 2015-2019

Graph
RUR bln Начальное изменение 6 Mont.'15 6 Mont.'16 6 Mont.'17 6 Mont.'18 6 Mont.'19
Revenue -18.3 38.9 41.4 45.2 46.7 46.5
- from electric power transmission 20.6 38.0 40.3 43.8 45.1 45.1
- from technological connection -28.6 0.5 0.6 0.6 0.8 0.5
- from resale of electricity and power -100.0 0.0 0.0 0.3 0.3 0.3
- other -20.0 0.4 0.4 0.5 0.5 0.6
Prime cost -20.1 33.0 36.0 38.3 41.0 42.3
Sales profit (loss)1 -17.5 4.7 4.3 5.8 4.7 3.3
EBITDA2 -9.4 7.7 8.3 10.7 9.4 9.7
Net profit (loss) -75.0 0.5 0,9 1.9 1.6 0.8
Total assets 3.9 112.4 120.0 120.7 119.7 120.6
Net assets 1.8 55.9 56.7 57.8 57.9 58.3
Loans and credits 9.9 36.8 42.6 42.4 41.5 41.5
Cash and cash equivalents Financial investments 500.0 1.2 2.2 3.7 1.4 0.1
Net debt3 6.9 35.6 40.4 38.7 40.1 41.4
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 6M '15 6M '16 6M '17 6M '18 6M '19
Belgorodenergo 3.2 6.4 6.6 7.3 6.4 6.0
Bryanskenergo -59.3 2.2 2.2 2.4 2.6 2.7
Voronezhenergo 3.8 5.5 5.9 6.3 7.0 7.1
Kostromaenergo 0.0 2.0 2.2 2.5 2.6 2.6
Kurskenergo -26.7 3.3 3.3 3.5 3.7 3.6
Lipetskenergo 0.0 4.3 4.5 4.5 4.5 4.5
Orelenergo -10.0 1.8 2.0 2.1 2.3 2.3
Smolenskenergo -46.3 2.9 3.3 3.5 3.9 3.8
Tambovenergo 4.5 2.3 2.6 2.9 3.0 3.3
Tverenergo -35.4 4.2 4.6 5.4 5.6 5.6
Yarenergo 5.3 4.0 4.2 4.8 5.1 5.0

Financial ratios under RAS for 2015-2019


30.06.2015 30.06.2016 30.06.2017 30.06.2018 30.06.2019
Current liquidity ratio, % 0.95 1.73 0.96 1.35 0.71
Solvency reestablishing ratio, % 0.46 0.96 0.35 0.92 0.39
Solvency loss ratio, % 0.47 0.91 0.42 0.80 0.38
The ratio of total liabilities to total equity 1.01 1.11 1.09 1.00 1.07
The ratio of current liabilities to total equity 0.39 0.23 0.36 0.19 0.41
Accounts receivable turnover, times (the indicator is calculated from the period beginning) 2.35 2.49 3.59 4.17 3.44
Net fixed assets index 1.64 1.73 1.75 1.76 1.78
Equity-assets ratio, % 0.50 0.47 0.48 0.50 0.48
Return on sales, % (indicator is calculated from the period start) 1.21 2.17 4.30 3.34 1.65
Return on costs, % (indicator is calculated from the period start) 1.42 2.49 5.05 3.80 1.82

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


30.06.2019
Accounts receivable, RUR bln 13.5
- Consumers and Customers 12.0
- Advances made 0.2
- Other debtors 1.3
Accounts payable, RUR bln 10.5
- Suppliers and contractors 5.4
- Payroll liabilities 0.6
- Debt to State non-budgetary funds 0.4
- Tax and duties liabilities 2.0
- Advances received 1.7
- Debt to members (founders) to pay income 0.1
- Other creditors 0.3

Forecast the quarterly financial performance outlook under RAS for 3Q 2019


RUR bln Outlook, 3Q 2019
Revenue, total 21.6
Prime cost, total 20.4
Gross profit, total 1.2
Management expenses 0.5
Profit from sales 0.7
Other income, total 0.6
Other expenses, total 1.4
Profit before income tax -0.1
Income tax and other similar mandatory payments 0.1
Net profit -0.2

Financial performance under IFRS in 2016-2019

Graph
RUR bln Начальное изменение 6 M '16 6 M '17 6 M '18 6 M '19
Revenue none 41.5 45.2 46.8 46.6
- from electric energy transmission none 40.3 43.8 45.1 45.1
- from grid connection none 0.6 0.6 0.8 0.5
- from resale of electric energy and power none 0.0 0.3 0.3 0.3
- other none 0.6 0.5 0.6 0.7
Operating costs none 37.8 39.7 42.1 43.5
Other profit none 0.5 0.4 0.5 0.6
Operating profit/(loss) none 4.2 6.0 4.8 3.8
EBITDA none 8.6 11.0 9.8 9.2
Profit/(loss) for the period none 2.5 2.7 2.3 1.5
Total equity none 43.3 44.0 45.5 45.2
Total assets none 107.0 107.8 103.6 109.2
Loans and credits none 43.3 42.4 38.8 43.6
Cash and cash equivalents none 2.6 3.8 0.3 0.1
Net debt1 none 40.7 38.6 38.5 43.5
1 - Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents