FY2020 IFRS results

10 March 2021

FY2020 revenues stands at RUB 88,621.0 million (- RUB 17,527.7 million YoY).

A 16.5% reduction of FY2020 revenues stems from the fact that in FY2019 Rosseti Ural 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.

FY2020 result from operating activities reached RUB 1,751.8 million (FY2019: RUB 4,412.2 million). FY2020 profit before income tax amounted to RUB 789.4 million (FY2019: RUB 3,768.9 million).

Profit for the period totaled RUB 621.9 million (FY2019: RUB 2,761.1 million). Total comprehensive income for the period is RUB 1,062.0 million (FY2019: RUB 2,959.1 million).

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

 

FY2020

FY2019

Revenues

88,620,965

106,148,635

Operating expenses

(86,285,269)

(100,716,103)

Result from operating activities

1,751,808

4,412,240

Profit before income tax

789,356

3,768,876

Profit for the period

621,910

2,761,123

Total comprehensive income for the period

1,061,999

2,959,063

 Please, visit “Financial Information” section of the official web-site to review our FY2020 IFRS financial statements.

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