The Board of Directors PJSC "IDGC of Centre and Volga region" on 29 March 2016 approved the adjusted business plan of the Company for 2016 and took note of the projections for the period 2017-2020
Key indicators of the adjusted business plan of the Company for 2016 (in millions of Russian roubles, unless otherwise stated):
|
Index |
Approved plan |
The adjusted plan |
Change % |
|
Revenue, including |
74 681 |
76 629 |
2.6 |
|
- from electricity transmission |
74 020 |
75 968 |
2.6 |
|
- from services on technological connection |
469 |
469 |
0.0 |
|
- from other products (services) |
192 |
192 |
0.0 |
|
The cost |
68 420 |
67 655 |
-1.1 |
|
EBITDA |
9 921 |
12 272 |
23.7 |
|
- profitability,% |
13.3 |
16.0 |
2.7 p. |
|
Net profit |
628 |
1 969 |
213.5 |
|
- profitability,% |
0.8 |
2.6 |
1.8 p. p. |
|
Productive supply, mln.kWh. |
48 115 |
47 777 |
-0.7 |
|
Electric power losses to supply in the grid, million kWh |
4 807 |
4 807 |
0.0 |
|
Investment program (development) |
6 314 |
7 601 |
20.4 |
|
The net asset value |
50 407 |
52 063 |
3.3 |
The adjusted business plan of JSC "IDGC of Centre and Volga region" envisages an increase in revenues in 2016 compared to the approved business plan in 1 948 million rubles., revenues from services on electric power transmission by results of tariffs approval in 2016 with a slight decrease in the forecast volume of useful output.
In accordance with the adjusted business plan for 2016 target figure of the costs included in the cost, is 67 655 million, below the approved plan for 765 million. The main factors of the change:
- reduction of costs of compensation for losses of electricity at a 528 mln, which is due to the refinement of electricity prices in 2016 to reflect changes in sales premium;
- reducing the costs of distribution grid companies by RUB 72 million due to changes in the individual tariffs and a decrease in the number of territorial grid organizations.
- reduced controllable operating expenses by 142 million roubles for the purpose of execution of the order of the Government of the Russian Federation about reduction of operating costs not less than 2-3 percent annually.
It is planned to increase EBITDA by 2 351 million rubles to 12 million rubles. 272, expected net profit of the Company in 2016 is 1 969 million rubles, which exceeds the approved plan of 1 341 million.
The main parameters of the investment program in accordance with the adjusted business plan:
· capacity development – 7 601 mln rubles without VAT, an increase of 1 287 mln.;
· transformer capacity - MVA 506, an increase of 1 MVA;
· commissioning of transmission lines - 458 km 2, an increase of 492 km.
The adjusted business plan of the Company in 2016 in comparison with the previously approved plan provided for at the year end the decrease in the volume of credits and loans on 615 million rbl. to 23 743 million rubles, and the increase in the net assets of the company on 1 656 million rubles to 52 063 mln.
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