FY2020 RAS results

26 February 2021

FY2020 revenues totaled RUB 76,063.9 million.

A 19.1% reduction of revenues in 2020 stems from the fact that in 2019 Rosseti Ural (new brand of OAO IDGC of Urals) acted temporarily as the provider of the last resort in the Sverdlovsk and Chelyabinsk regions in compliance with the federal legislation. Besides, reduced electricity consumption by the metal and machine-building industries and railway transportation caused decrease in revenues from electricity transmission.

Pre-tax profit (loss) totaled RUB -0.7 million.

FY2020 net profit totaled RUB 19.3 million.

Table 1. FY2019 and 2020 highlights of the Company, RUB thousand.

Item

FY2020

FY2019

Total revenues

76,063,858

94,042,424

Total expenses (plus commercial and administrative costs)

74,009,749

88,000,565

Sales profit

2,054,109

6,041,859

Operating margin

2.7%

6.4%

Pre-tax profit (loss)

-743

2,863,762

Net income

19,328

2,155,068

Net margin

0.03%

2.3%

To view FY2020 accounting statements prepared under Russian Accounting Standards (RAS), please, visit our corporate web-site (Financial Statements section).

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