At the
meeting of the Board of Directors of the Company held
on August 21 in person, the adjusted Business plan for
2013 and the adjusted Investment program of IDGC of Centre
for 2013-2018 were approved. The adjustment of the Business plan
for 2013 and the Investment program of the Company is related
to the approval of tariff and balance decisions for 2013
by regional regulatory authorities and taking over the functions
of an electricity supplier of last resort in the
territory of the Bryansk, Kursk, Orel and Tver regions.
According to the adjusted Business plan positive changes
on the results of the Company for 2013 are expected on the
following parametres: reduction of electrical energy losses
by 0.10 percentage points, increase in revenue by 30.3%,
including revenue from the provision of electrical energy
transmission services in the grid by 10.1%. EBITDA and net
income are expected to increase by 21.0% and 1.3%,
respectively, relative to the actual performance similar
to 2012.
Data in million rubles, unless otherwise specified
Indicators
|
2012 ãîä
(actual)
|
2013 ãîä
(adjusted plan)
|
Change, %
|
Productive supply1,
mln kWh
|
55 143
|
54 502
|
(1,2%)
|
E/energy losses in the grid of DGC, %
|
9,53
|
9,43
|
(0,10 p.p.)
|
REvenue (total), including:
|
69 397
|
90 417
|
30,3%
|
e/energy transmission services
|
67 487
|
74 280
|
10,1%
|
grid connection services
|
1 178
|
1 173
|
(0,4%)
|
electrical energy resale
|
0
|
14 180
|
100%
|
other revenue
|
732
|
784
|
7,1%
|
EBITDA2
|
12 267
|
14 838
|
21,0%
|
Net profit
|
3 451
|
3 496
|
1,3%
|
Capital investment
|
15 847
|
14 158
|
(10,7%)
|
[1]
Joint operation
productive supply without taking into account losses of Territorial
Grid Companies
[2]
EBITDA is calculated
as follows: net income + income tax and other similar mandatory
payments + interest payable - interest receivable + depreciation and
amortization
The reduction of productive supply in 2013 is due
to lower electricity consumption by large industrial
consumers in the Lipetsk and Tambov regions. Despite this
it is planned to reduce electricity losses by 130
million kWh thanks to the implementation of the program
«Energy saving and energy efficiency».
The revenue for 2013 is planned in the amount of 90,417
million rubles, which is 21,020 million rubles or 30.3%
higher than the actual one in 2012. The main reason for the
revenue growth is taking over the functions of a supplier
of last resort to perform the features of a power
retailer by IDGC of Centre’s branches. EBITDA is planned
at 2,571 million rubles higher than the actual value in 2012,
an increase of 21.0%. The main contribution to the
planned increase in EBITDA is as a result of the
depreciation growth due to the implementation of the
investment program.
The adjusted Investment program of IDGC of Centre for
2013 has been approved in the amount of 14,158 million
rubles. Total for the period up to 2018 capital investments
in the amount of 89,733 million rubles will be disbursed.
The main reason for the adjustment of the investment program was
taking into account the limitation of growth of tariff
rates starting from 2014.
|
