МЕНЮ9M2018 IFRS results
22 November 2018Revenue of the Company in 9M2018 stands at RUB 69,082.3 mn (+17.8% YoY), the increase being impacted by grown revenues from electricity transmission, revenues from sales, as the company became the provider of the last resort in the Sverdlovsk and Chelyabinsk regions on 01.04.2018 and 01.07.2018, respectively, and changes in contractual relations with RGOs in the Chelyabinsk region.
9M2018 operating expenses reached RUB 68,434.6 mn (+24.6% YoY), the rise being affected by increased payments to FSK and other grid operators as well as PoLR-related costs.
Result from operating activities for the period totaled RUB 1,636.6 mn. Profit before income tax stands at RUB 1,127.1 mn. Profit for the period reached RUB 738.6 mn and total comprehensive income for the period totaled RUB 1,419.1 mn.
A YoY decrease was due to the provision for doubtful accounts receivable created to cover the debt of AO Roskommunenergo, PAO Chelyabenergosbyt and OOO NUESK, as they ceased to be providers of the last resort in line with Ministry of Energy enactments.
Table 1. 9M2017-2018 Financial Highlights of OAO IDGC of Urals, RUB thous.
|
9M2018 |
9M2017 |
|
|
Revenue, incl. |
69,082,322 |
58,658,746 |
|
Electricity transmission |
49,508,223 |
45,717,953 |
|
Electricity sales |
18,577,091 |
11,956,854 |
|
Connection services |
665,696 |
688,094 |
|
Operating expenses |
(68,434,618) |
(54,898,419) |
|
Result from operating activities |
1,636,555 |
5,132,045 |
|
Profit/(Loss) before income tax |
1,127,111 |
4,457,060 |
|
Profit/(Loss) for the year |
738,560 |
3,553,064 |
|
Total comprehensive income for the year |
1,419,099 |
3,887,621 |
Please, visit “Financial Information” section of the official web-site to review our 9M2018 IFRS financial statements.
