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 items
|
2015
|
2014
|
|
Revenue
|
42,370
|
46,935
|
|
Including:
|
|
|
|
- Power transmitting
|
33,685
|
28,518
|
|
- Sale of electricity
|
6,917
|
16,548
|
|
- Connection to power network
|
804
|
882
|
|
Expenses
|
(40,479)
|
(47,593)
|
|
Profit/(loss) for the period
|
815
|
(2,217)
|
|
Property, plant and equipment
|
35,474
|
35,276
|
|
Accounts receivable and prepayments
|
15,500
|
14,655
|
|
Long-term loans
|
9,941
|
14,913
|
|
Short-term loans
|
5,204
|
3,539
|
|
EBITDA
|
6,892
|
2,930
|
The revenue from power transmitting for 2015 increased by 5,167 million rubles (18%) in comparison with the similar period of 2014 by the change of card gopher payments in branch «Karelenergo» and growth of average fare. The decrease in revenue from sale of electricity by 9,631 million rubles (58%) is the result of business interruption of electricity sales in the Murmansk region within the boundaries zone of OJSC "Kolenergosbyt". On 1 February 2015 guaranteeing electric power supplier in-charge function in Murmansk region of the service area of OJSC “Kolenergosbyt” was assigned to OJSC “AtomEnergoSbyt” by Ministry of Energy Order № 14 issued on 23 January 2015, the sales of electricity in the Murmansk region has been discontinued within the boundaries zone of OJSC “Kolenergosbyt”.
Non-current assets of Company’s asset profile is 68% (35,474 million rubles) and 96% from it is property, plant and equipment. In connection with identified impairment indicators, the Group performed impairment testing in respect of property, plant and equipment for special cash-generating units as at 31 December 2015. As a result of impairment testing the Group there were no any impairment losses identified for the reporting period.
Major relative share in the structure of current assets (91%) dominates accounts receivable (15,500 million rubles). The main debtors are energy retail companies - guaranteeing suppliers: OJSC "Arkhangelsk energy retail Company", OJSC "Vologda energy retail Company", OJSC "Komi energy retail Company".
Major relative share of long-term liabilities dominates long-term loans and borrowings (67%) what amounted 9,941 million rubles to the end of the report period which decreased by 33% or 4,972 million rubles. Short-term loans increased by 47% or 1,665 million rubles, due to the reclassification from the long-term loans into short-term.
As a result for 2015 profit amounted to 815 million rubles (loss similar period of 2014 - 2,217 million rubles).
EBITDA (earnings before tax, depreciation, interest paid and received) amounted 6,892 million rubles that exceeds the level of the similar period of 2014 by 2,930 million rubles.
