According
to the prepared in accordance with the Russian Accounting Standards
statements for 12 months of 2021, revenue of Rosseti Centre and Volga
region, PJSC (the ticker - MRKP) was 106 393,0 mln RUB, including
from electric energy transmission – 102 488,3 mln RUB, from grid
connections – 1 622,2 mln RUB and other revenue – 2 282,5 mln
RUB. Sales profit was 16 428,4 mln RUB. Earnings before interest,
taxes, depreciation and amortization (EBITDA2) reached 25
064,4 mln RUB, EBITDA margin increased against the same period last
year and was 23,0%. Net profit increased by 50,2% and amounted to 10
580,1 mln RUB.
Data
in million RUB, unless specified otherwise
Indicators
|
12M
2021
|
12M
2020
|
Change
|
Revenue
(total), including:
|
106
393,0
|
96
588,2
|
10,2%
|
Revenue
from electric energy transmission
|
102
488,3
|
93
228,8
|
9,9%
|
Revenue
from grid connection
|
1
622,2
|
2
312,5
|
-29,9%
|
Other
revenue
|
2
282,5
|
1
046,9
|
118,0%
|
Cost
of sales
|
88
992,6
|
82
768,5
|
7,5%
|
Sales
profit1
|
16
428,4
|
12
803,6
|
28,3%
|
Sales
profit margin, %
|
15,4%
|
13,3%
|
2,1
p.p.
|
EBITDA2
|
25
064,4
|
19
700,8
|
27,2%
|
EBITDA
margin, %
|
23,6%
|
20,4%
|
3,2
p.p.
|
Net
profit
|
10
580,1
|
7
045,9
|
50,2%
|
Net
profit margin, %
|
9,9%
|
7,3%
|
2,6
p.p.
|
Amount
of electric energy transmitted, million kWh
|
47
978,2
|
45
186,5
|
6,2%
|
Electric
energy losses, %
|
7,31%
|
7,93%
|
-0,62
p.p.
|
Indicators
|
As
of 31.12.2021
|
As
of 31.12.2020
|
Change
|
Total
assets
|
138
265,6
|
127
751,4
|
8,2%
|
Net
assets
|
79
284,4
|
71
555,1
|
10,8%
|
Loans
and credits
|
26
928,9
|
26
273,1
|
2,5%
|
Cash
and cash equivalents + Financial investments (short-term)
|
437,9
|
1
646,0
|
-73,4%
|
Net
debt3
|
26
491,0
|
24
627,1
|
7,6%
|
[1] Revenue
net of cost of sales, selling and administrative expenses
|
[2] EBITDA
is calculated as follows: Profit before tax - Interest payable +
Depreciation
|
[3] Net
debt is calculated as follows: long-term debt + short-term debt –
cash and cash equivalents – short-term financial investments
|
Abnormally
low winter temperatures and growing demand for electricity from large
industrial enterprises due to the easing of restrictive measures led
to an increase in the volume of electricity transmission services
compared to last year by 6,2% (up to 47 978,2 million kWh).
Thanks to the implementation of a set of organizational and
technological measures in the Company for 12 months of 2021, a
reduction in the level of electricity losses was achieved from 7,93%
to 7,31% (by 0,62 p.p.).
Due
to significant growth in electricity consumption and an increase in
the boiler tariff from 1 July 2021, revenue for electricity
transmission services for 12 months of 2021 increased by 9,9%
compared to 12 months of 2020. The main reason for the decrease in
revenue from grid connection services for 12 months of 2021 by 29,9%
compared to the same period in 2020 was the completion of large grid
connection contracts in 2020. Other revenue more than doubled due to
increased promotion of value-added services in the regions of
operation.
The
Company’s total assets at the end of 2021 were 138 265,6 mln
RUB (an increase of 8,2% in comparison with 31 December 2020). The
Company’s net assets increased by 10,8% and reached 79 284,4
mln RUB. The net debt3 was 26 491,0 mln RUB (as of 31
December 2020 – 24 627,1 mln RUB).
The
Company’s statements for 12 months of 2021 can be found at:
https://www.mrsk-cp.ru/en/stockholder_investor/disclosure_reporting_info/finansovaya-informatsiya-i-otchetnost/ras-accounting-statements/. Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade Search by alpha index
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