According
to statements for 9 months of 2016 under Russian Accounting Standards
IDGC of Centre’s revenue amounted to 61,6 bln RUB, including from
electricity transmission — 60,0 bln RUB, from grid connection —
0,9 bln RUB and other revenue — 0,7 bln RUB. Sales profit was 6,7
bln RUB, sales profit margin decreased and amounted to 10,9%.
Earnings before interest, taxes, depreciation and amortization
(EBITDA2) increased by 7,8% and reached 12,5 bln RUB. Net
profit showed growth by 44,4% compared to the same indicator of last
year and amounted to 1,3 bln RUB.
Data in bln RUB, unless specified otherwise
Indicators
|
9M 2015
|
9M 2016
|
Change, %
|
Revenue (total), including:
|
57,8
|
61,6
|
6,6%
|
Revenue from electric energy transmission
|
56,4
|
60,0
|
6,4%
|
Revenue from grid connection
|
0,8
|
0,9
|
12,5%
|
Other revenue
|
0,6
|
0,7
|
16,7%
|
Cost of sales
|
49,6
|
53,5
|
7,9%
|
Sales profit1
|
6,5
|
6,7
|
3,1%
|
Sales profit margin, %
|
11,2%
|
10,9%
|
- 0,3 p.p.
|
EBITDA2
|
11,6
|
12,5
|
7,8%
|
EBITDA margin, %
|
20,1%
|
20,3%
|
0,2 p.p.
|
Net profit
|
0,9
|
1,3
|
44,4%
|
Net profit margin, %
|
1,6%
|
2,1%
|
0,5 p.p.
|
Amount of electric energy transmitted, billion kWh
|
40,3
|
41,1
|
2,0%
|
Electric energy losses, %
|
8,57%
|
8,57%
|
0,00 p.p.
|
Indicators
|
As at 31.12.2015
|
As at 30.09.2016
|
Change, %
|
Total assets
|
117,9
|
121,1
|
2,7%
|
Net assets
|
56,3
|
57,2
|
1,6%
|
Loans and credits
|
42,1
|
42,6
|
1,2%
|
Cash and cash equivalents + Financial investments
|
0,1
|
0,1
|
0,0%
|
Net debt3
|
42,0
|
42,6
|
1,4%
|
[1] Revenue net of costs, selling and administrative
expenses
|
[2] EBITDA is calculated as follows: net profit +
profit tax and other similar mandatory payments + interest payable
+ depreciation charges
|
[3] Net debt is calculated as follows: long-term debt +
short-term debt – cash and cash equivalents – financial
investments
|
Revenues for electricity transmission services for 9 months of
2016 showed an increase compared to the same period of 2015 due to
higher tariffs for electricity transmission and growth of the volume
of rendered electric energy transmission services. A significant
contribution to the increase in the cost of services was made by
growth of depreciation expenses by 8,7% as a result of increasing the
value of fixed assets of the company, growth in the cost of
compensation for electricity losses and the cost of electric energy
transmission services of territorial grid companies as a result of
rising prices. At the same time the company managed to reduce
administrative expenses by 12,9%. EBITDA increased by 0,9 bln RUB,
and the indicator margin was 20,3%.
The volume of electricity transmission services amounted to 41,1
bln kWh, compared to the same period last year there was
an increase in the volume by 2,0% due to increased energy consumption
by large metallurgical enterprises. The level of electricity losses
remained unchanged.
The Company’s total assets as at 30 September 2016 increased by
2,7% and amounted to 121,1 bln RUB. The Company’s net assets
amounted to 57,2 bln RUB. Net debt3 was 42,6 bln RUB (as
at 31 December 2015 — 42,0 bln RUB).
The Company’s statements for 9 months of 2016 can be found on
the website at:
https://www.mrsk-1.ru/en/information/statements/rsbu/2016/
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