The consolidated IFRS financial statements include PJSC «IDGC of North-West» and the following subsidiaries: OJSC «Pskovenergoagent», OJSC «Pskovenergosbyt», OJSC «Lesnaya skazka», OJSC «Energoservice North-West».

The main items, million rubles

The revenue for the nine months ended 30 September 2017 amounted to 34,568 million rubles, including the revenue from power transmitting in amount 28,677 million rubles, sale of electricity in amount 4,732 million rubles, connection to power network in amount 626 million rubles. 

The revenue for reporting period increased by 2,446 million rubles (8%)  in comparison with the similar period of 2016, including due to increase of the revenue from power transmitting by 2,109 million rubles (7%). This difference caused by the growth of tariffs for power transmitting within the forecast of the social and economic development Russian Federation. The revenue from connection to power network is increased by 303 million rubles caused by drawing up act of major transaction for connection to power network which includes work stage of contract Lukoil-Komi,Ltd  about carrying-out connection to power network the oil production facilities of Yarega oil and titanium deposit . 

Expenses are increased balanced growth of revenue 2,319 million rubles (7%). 

Non-current assets of Company’s asset profile as of 30 September 2017 comprise 70% and 97% (35,401 million rubles) from it is property, plant and equipment. 

Major relative share in the structure of current assets (84%) dominates accounts receivable (13,228 million rubles). Amount of accounts receivable decreased as at 30 September 2017 as compared to 30 September 2016 by 944 million rubles (7%) caused by conclusion the direct contract for power transmitting and performed effective claim-related work. 

Major relative share of liabilities dominates loans and borrowings (50%) that amounted 15,600 million rubles including financial lease liabilities 29 million rubles to the end of the reporting period. Amount of accounts payable decreased by 319 million rubles (3%) mainly due to repayments to suppliers and contractors. 

As a result for the six months ended 30 September 2017 profit amounted to 505 million rubles.

EBITDA(earnings before tax, depreciation, interest paid and received) amounted to 4,871 million rubles. 

For more details about financial results of PJSC «IDGC of North-West» you can find the official report, published at the address - https://www.mrsksevzap.ru/en/ifrsfinancialstatements.