IDGC
of Centre has published its unaudited interim consolidated financial
statements for the 1st half of 2015 in accordance with the
International Financial Reporting Standards (IFRS). IDGC of Centre's
revenue for the reporting period amounted to 38,9 bln RUB,including
from the provision of electricity transmission services— 38,0 bln
RUB, from the provision of electricity grid connection services —
0,5 bln RUB, and other revenue — 0,4 bln RUB. Profit for the period
decreased and amounted to 1,2 bln RUB against 2,6 bln RUB for the
same period in 2014.
Data in billion RUB, unless specified otherwise
Indicators
|
1H2014
|
1H2015
|
Change, %
|
Revenue (total), including:
|
47,7
|
38,9
|
-18,4%
|
Revenue from electricity transmission
|
31,5
|
38,0
|
20,6%
|
Revenue from grid connection
|
0,8
|
0,5
|
-37,5%
|
Revenue from resale of electric energy and power
|
14,9
|
0,0
|
-100,0%
|
Other revenue
|
0,5
|
0,4
|
-20,0%
|
Operating costs
|
43,1
|
35,1
|
-18,6%
|
Other income
|
0,2
|
0,2
|
0,0%
|
Operating profit
|
4,8
|
4,0
|
-16,7%
|
EBITDA
|
9,1
|
7,9
|
-13,2%
|
Profit for period
|
2,6
|
1,2
|
-53,8%
|
Amount of electric energy transmitted,
billion kWh
|
27,3
|
27,5
|
0,7%
|
Electric energy losses, %
|
8,99%
|
9,27%
|
0,28 p.p.
|
Electric energy losses, % (under comparable conditions without
taking into account “last mile” facilities)
|
9,28%
|
9,27%
|
-0,01 p.p.
|
Changes in the level of revenue and operating expenses relative to
6 months of 2014 are mainly related to the transfer of the functions
of a supplier of last resort by the Company to the third-party
companies in the compared periods. Significant impact on the
financial results for 6 months of 2015 was given by an increase in
the key rate of the Central Bank of the Russian Federation, as well
as creation of reserves for estimated liabilities related to
contesting deals with retail companies, deprived of the status of a
supplier of last resort and recognized bankrupt.
Operating profit of IDGC of Centre declined over the period and
amounted to 4,0 bln RUB(for 6 months of 2014- 4,8 bln RUB). EBITDA
for the 1st half of 2015 fell 13,2 % compared to the same period last
year and amounted to 7,9 bln RUB.
The volume of electricity transmission services in comparison with
the same period last year increased by 0,7% and amounted to 27,5 bln
kWh. A reduction of electric energy losses was achieved under
comparable conditions without taking into account “last mile”
facilities from 9,28% for 6 months of 2014 to 9,27% for 6 months of
2015 due to implementation of a program on energy saving and energy
efficiency.
The total value of the consolidated assets of the company for the
six months increased by 0,7%and as at 30.06.2015 amounted to 94,5 bln
RUB.
The Company’s statements can be found at:
https://www.mrsk-1.ru/ru/information/msfo/
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