According
to the prepared in accordance with the Russian Accounting Standards
statements for 3 months of 2015 IDGC of Centre’s revenue totalled
21,0 bln RUB, including from electric energy transmission — 20,6
bln RUB, from grid connections — 0,2 bln RUB and other revenue —
0,2 bln RUB. Profit from sales decreased by 0,7 bln RUB and amounted
to 3,3 bln RUB. Earnings before interest, taxes, depreciation and
amortization (EBITDA2) increased by 1,8% and reached 5,7
bln RUB. Net profit increased by 42,9% to 2,0 bln RUB.
Data in billion RUB, unless specified otherwise
Indicators
|
3M 2014
|
3M 2015
|
Change, %
|
Revenue (total), including:
|
27,6
|
21,0
|
-23,9%
|
Revenue from electric energy transmission
|
15,4
|
20,6
|
33,8%
|
Revenue from grid connection
|
0,3
|
0,2
|
-33,3%
|
Revenue from resale of electric energy and power
|
11,7
|
0
|
-100,0%
|
Other revenue
|
0,2
|
0,2
|
0,0%
|
Cost of sales
|
22,7
|
17,1
|
-24,7%
|
Sales profit1
|
4,0
|
3,3
|
-17,5%
|
Sales profit margin, %
|
14,5%
|
15,7%
|
1,2 p.p.
|
EBITDA2
|
5,6
|
5,7
|
1,8%
|
EBITDA margin, %
|
20,3%
|
27,1%
|
6,8 p.p.
|
Net profit
|
1,4
|
2,0
|
42,9%
|
Net profit margin, %
|
5,1%
|
9,5%
|
4,4 p.p.
|
Amount of electric energy transmitted, billion kWh
|
14,6
|
14,6
|
0,0%
|
Electric energy losses, %
|
10,75%
|
11,11%
|
0,36 p.p.
|
Electric energy losses, % (under comparable conditions without
taking into account “last mile” facilities)
|
13,05%
|
13,02%
|
-0,03 p.p.
|
Indicators
|
As at 31.12.2014
|
As at 31.03.2015
|
Change, %
|
Total assets
|
111,4
|
116,0
|
4,1%
|
Net assets
|
56,2
|
58,2
|
3,6%
|
Loans and credits
|
37,2
|
37,3
|
0,3%
|
Net debt3
|
36,8
|
33,7
|
-8,4%
|
[1] Revenue net of cost of sales, selling and
administrative expenses
|
[2] EBITDA is calculated as follows: net profit +
profit tax and other similar mandatory payments + interest payable
- interest receivable + depreciation charges
|
[3] Net debt is calculated as follows: long-term debt +
short-term debt – cash and cash equivalents – financial
investments
|
In connection with the execution by IDGC of Centre in 2013-2014 of
functions of a supplier of last resort and accounting for income from
electricity transmission in the profit from the sale of electricity,
the comparison of the proceeds, received by the Company for the
current and previous year for the electricity transmission services
and for services from the resale of electric energy and power, should
be carried out under comparable conditions.
Data in billion RUB, unless specified otherwise
Indicators
|
3M 2014
|
3M 2015
|
Change, %
|
Revenue from electric energy transmission (like-for-like)
|
20,8
|
20,6
|
-1,0%
|
Revenue from resale of electric energy and power (like-for-like)
|
6,3
|
0,0
|
-100,0%
|
Changes in the level of revenue, cost of sales and net profit
relative to 3 months of 2014 are mainly connected with the transfer
by the Company of functions of a supplier of last resort to
third-party companies in the compared periods.
The volume of electricity transmission services in comparison with
the same period last year did not change and was 14,6 billion kWh. A
reduction of electric energy losses was achieved under comparable
conditions without taking into account "last mile"
facilities from 13,05% in 1Q 2014 to 13,02% in 1Q 2015 due to the
implementation of a program on energy saving and energy efficiency.
The Company’s statements for 3 months of 2015 can be found at:
https://www.mrsk-1.ru/information/statements/rbsu/2015/
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