TGC-1 releases audited consolidated Financial Statements for the 12
months period, ended December 31, 2021 prepared in accordance with
International Financial Reporting Standards (IFRS).
Consolidated Statement of Comprehensive Income Highlights (RUB
mln)
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12M 2020
|
12M 2021
|
Revenue
|
88,889
|
102,280
|
Operating Expenses
|
(76,913)
|
(93,023)
|
Operating Profit
|
10,824
|
9,513
|
EBITDA*
|
23,229
|
22,882
|
Profit for the Period
|
8,253
|
7,114
|
* EBITDA = Operating profit + Depreciation and
Amortization + Accrual on non-financial assets impairment - Reversal
on non-financial assets impairment
Consolidated TGC-1 Group revenue for 2021
increased by 15.1% year-on-year, up to RUB 102,280 mln. Electricity
and heat sales growth resulted from lower air temperature during 2021
heating season, earlier heating season start in 2021, as well as
electricity consumption revival on the back of partial restrictions
cancellation for business activity.
Group’s comparable operating expenses increased
by 20.9%, up to RUB 93,023 mln year-on-year, mainly, on the account
of growing fuel expenses and energy purchases, on the back of
increased production.
Group’s operating profit decreased to RUB 9,513
mln, EBITDA amounted to RUB 22,882 mln. Profit for the period
amounted to RUB 7,114 mln.
Full TGC-1 12M 2021 results under IFRS are
available at the corporate website in the “Reports”
section.
About
TGC-1 is the leading producer of electricity
and heat in the North-West region of Russia. It operates 52 electric
generating stations in four regions of Russia: St. Petersburg,
Republic of Karelia, Leningrad Oblast, and Murmansk Oblast. Installed
electric capacity of the Company’s stations amounts to 6.9 GW and
heating capacity of 13,5 thous. GCal/hr. Major shareholders are
Gazprom Energoholding LLC (51.79 %).
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