December 16,
2013 a meeting of the Board of Directors of IDGC
of Centre was held in person and in absentia. The
meeting approved the adjusted Business Plan and Investment Program
for 2013, the Company’s Business Plan and Investment Program for
2014 and forecast for 2015-2018. Furthermore, the Board of Directors
approved the report of General Director of the Company
«On execution of the Business Plan, including the
Investment Program following the results of 9 months 2013».
The Company’s Business Plan values for 2014 are:
RUB million, unless otherwise stated
Indicators
|
Year
|
|
Change, %
|
2013 expected
|
2014 planned
|
Joint operation productive supply, mln kWh
|
55 000
|
54 297
|
(1,3%)
|
E/energy losses in the grid, %
|
9,32
|
9,48
|
0,16 ď.ď.
|
Revenue (total), including:
|
92 960
|
100 849
|
8,5%
|
from electricity transmission
|
75 005
|
74 385
|
(0,8%)
|
from grid connection
|
1 151
|
1 060
|
(7,9%)
|
from resale of electric energy and power
|
16 000
|
24 522
|
53,3%
|
from other activity
|
804
|
882
|
9,7%
|
Cost price
|
78 440
|
90 790
|
15,7%
|
EBITDA*
|
11 350
|
12 872
|
13,4%
|
Net profit
|
258
|
1 247
|
383,3%
|
Capital investment (without VAT)
|
14 158
|
9 538
|
(32,6%)
|
Dividend, % from net profit
|
25
|
25
|
-
|
* EBITDA is calculated as follows: net profit + income tax and
other obligatory payments + interest payable - interest receivable +
depreciation charges
According to the approved Business Plan in 2014 it
provides for ensuring the growth of revenue and EBITDA by 8.5%
and 13.4%, respectively, compared with the expected results in 2013.
Revenue growth reflects the functions of a supplier of last
resort in the planning period and an increase in revenues
from other activity. The decrease in revenue for electricity
transmission services in 2014 by 0.8% is planned
in connection with the reduction of productive supply due
to termination of «last mile» contracts. For the same
reason a slight increase in the relative values
of electricity losses by 0.16 percentage point
is predicted. Faster growth of the cost price compared
to the revenue increase is due to the restriction
on the growth of tariffs for electricity transmission. Net
profit for 2014 is projected to be 1 247 million
rubles, which is better than expected in 2013 by 989
million rubles.
Planned capital expenditures in 2014 will amount to 9 538
million rubles, including modernization and reconstruction —
5 847 million rubles; new construction — 3 650
million rubles; other — 41 million rubles. The main
directions of the Investment Program in 2014: renovation
of the main equipment, grid connection, energy saving and energy
efficiency, development of management systems, improving the
security of power facilities.
The Business Plan for 2014 is formed taking into account the
implementation of the efficiency management program, including
reduced investment costs for the purchase of goods, works and
services per unit of production by 10% to the base
in 2010 and decreased operating costs by 5% to the
base in 2012.
|
.jpg){kind=small}
