IDGC of Centre published financial statements for 9 months of 2016 under RAS
OREANDA-NEWS. IDGC of Centre published financial statements for 9 months of 2016 under RAS, net profit amounted to 1,3 bln RUB
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 |
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[2] EBITDA is calculated as follows: net profit + profit tax and other similar mandatory payments + interest payable + depreciation charges |
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[3] Net debt is calculated as follows: long-term debt + short-term debt – cash and cash equivalents – financial investments |
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