According to the prepared in accordance with the Russian Accounting
Standards statements for 12 months of 2022, revenue of Rosseti
Centre, PJSC (the ticker - MRKC) was 109 702,0 mln RUB, including
from electric energy transmission – 101 662,8 mln RUB, from grid
connections – 2 511,3 mln RUB, from sale of electric energy and
power – 595,6 mln RUB and other revenue – 4 932,3 mln RUB. Sales
profit was 13 291,3 mln RUB. Earnings before interest, taxes,
depreciation and amortization (EBITDA2) reached 22 730,9
mln RUB, EBITDA margin increased against the same period last year
and was 20,7%. Net profit increased by 9,4% to 4 537,8 mln RUB.
Data in million RUB, unless specified otherwise
Indicators
|
12M 2022
|
12M 2021
|
Change
|
Revenue (total), including:
|
109 702,0
|
103 168,3
|
6,3%
|
Revenue from electric energy transmission
|
101 662,8
|
97 771,1
|
4,0%
|
Revenue from grid connection
|
2 511,3
|
1 486,8
|
68,9%
|
Revenue from sale of electric energy and power
|
595,6
|
591,2
|
0,7%
|
Other revenue
|
4 932,3
|
3 319,2
|
48,6%
|
Cost of sales
|
94 157,0
|
90 218,8
|
4,4%
|
Sales profit1
|
13 291,3
|
10 617,8
|
25,2%
|
Sales profit margin, %
|
12,1%
|
10,3%
|
1,8 p.p.
|
EBITDA2
|
22 730,9
|
20 536,3
|
10,7%
|
EBITDA margin, %
|
20,7%
|
19,9%
|
0,8 p.p.
|
Net profit
|
4 537,8
|
4 147,1
|
9,4%
|
Net profit margin, %
|
4,1%
|
4,0%
|
0,1 p.p.
|
Amount of electric energy transmitted*,
million kWh
|
47 619,4
|
47 846,7
|
-0,5%
|
Electric energy losses, %
|
10,24%
|
9,76%
|
0,48 p.p.
|
Indicators
|
As of 31.12.2022
|
As of 31.12.2021
|
Change
|
Total assets
|
140 848,0
|
132 752,6
|
6,1%
|
Net assets
|
55 255,0
|
53 520,0
|
3,2%
|
Borrowed funds
|
39 243,8
|
42 287,6
|
-7,2%
|
Cash and cash equivalents + Financial investments (short-term)
|
6 923,6
|
3 461,0
|
100,0%
|
Net debt3
|
32 320,2
|
38 826,6
|
-16,8%
|
[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 borrowed funds + short-term borrowed funds – cash and
cash equivalents – short-term financial investments
* Taking into account the volume of
services for the transmission of electricity in the territory of
execution of the functions of the electricity supplier of last resort
in the Tver region in the service area of JSC Transservisenergo
The volume of services for the transmission of
electricity slightly decreased against the same period in 2021 and
amounted to 47 619,4 million kWh. The level of electricity losses
increased by 0,48 p.p. and amounted to 10,24%. The main reason for
the increase in the level of losses is change in the structure of
power consumption by voltage classes.
The revenue for electricity transmission services
following the results of 12 months of 2022 increased by 4,0% against
the same period of 2021 due to indexation of tariff rates for
electricity transmission services from 1 July and 1 December 2022.
According to the results of 12 months of 2022, the revenue from grid
connection services increased by 68,9% against the same period in
2021 due to execution of major grid connection contracts in 2022.
Other revenue for 12 months of 2022 increased by 48,6% compared to
the same period in 2021 and amounted to 4 932,3 mln RUB. The growth
of the other revenue is in line with the Company’s strategic goals
to increase non-tariff sources of income.
According to the results of 12 months of 2022, the
cost of sales against the same period last year increased by 4,4% and
amounted to 94 157,0 mln RUB, which is due to an increase in
operating expenses due to inflationary pressure, including an
increase in the cost of material resources, electricity to compensate
for losses and the cost of services of grid organizations.
The EBITDA2 indicator increased by
10,7% and amounted to 22 730,9 mln RUB. The net profit following the
results of 2022 was 4 537,8 mln RUB.
The Company’s total assets as of 31 December
2022 increased and amounted to 140 848,0 mln RUB. The Company’s net
assets grew up by 3,2% and amounted to 55 255,0 mln RUB. The net
debt3 decreased to 32 320,2 mln RUB (as of 31 December
2021 – 38 826,6 mln RUB).
The Company’s statements for 12 months of 2022
can be found at:
https://www.mrsk-1.ru/en/information/statements/rsbu/2022/.
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