IDGC
of Centre has published its unaudited interim abbreviated
consolidated financial statements for the 1st half of 2016 in
accordance with International Financial Reporting Standards (IFRS).
IDGC of Centre’s revenue for the reporting period amounted to 41,5
bln RUB, including from the provision of electricity transmission
services — 40,3 bln RUB, from the provision of electricity grid
connection services — 0,6 bln RUB, and other revenue — 0,6 bln
RUB. Profit for the period increased by 108,3% and amounted to 2,5
bln RUB.
Data in billion RUB, unless specified otherwise
Indicators
|
1H 2015
|
1H 2016
|
Change, %
|
Revenue (total), including:
|
38,9
|
41,5
|
6,7%
|
Revenue from electricity transmission
|
38,0
|
40,3
|
6,1%
|
Revenue from grid connection
|
0,5
|
0,6
|
20,0%
|
Other revenue
|
0,4
|
0,6
|
50,0%
|
Operating costs
|
35,7
|
37,8
|
5,9%
|
Other income
|
0,7
|
0,5
|
-28,6%
|
Operating profit
|
3,9
|
4,2
|
7,7%
|
EBITDA
|
7,9
|
8,6
|
8,9%
|
Profit for period
|
1,2
|
2,5
|
108,3%
|
Amount of electric energy transmitted,
billion kWh
|
27,5
|
27,9
|
1,5%
|
Electric energy losses, %
|
9,27%
|
9,24%
|
- 0,03 p.p.
|
The increase in consolidated revenues was due to growth in revenue
for electricity transmission services as a result of the tariff
increase for electricity transmission and growth of the volume of
services provided. Operating expenses, thanks to the implementation
of measures aimed at their optimization and increase of efficiency of
operations, showed a smaller rate of growth, which was one of the
reasons for improved financial result. Operating profit demonstrated
an increase of 7,7% to 4,2 bln RUB, EBITDA grew 8,9% up and amounted
to 8,6 bln RUB. The consolidated financial result was more than 2
times higher than last year.
The volume of electricity transmission services amounted to 27,9
bln kWh, compared to the same period last year there was an increase
in volumes of 1.5%, which is largely due to low temperatures in
January and growth of power consumption of large metallurgical
enterprises. The level of electric energy losses, calculated in
comparable terms, decreased by 0,03 p.p. thanks to the positive
results of the Program to reduce losses.
The total value of the consolidated assets of the company for the
six months increased by 2,2% and as at 30.06.2016 amounted to 102,6
bln RUB.
The Company’s statements can be found at:
https://www.mrsk-1.ru/ru/information/msfo/
|
