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Annual Report 2015

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Summary of results

Grid input / grid output
Grid input / grid output
Grid-connected capacity addition, MW
Grid-connected capacity addition
Net profit
Net profit

* The indicator is calculated based on the earnings before tax, interest payable and depreciation adjusted for changes in the current market value of financial investments.

** In 2012, retrospective adjustments were made for the purpose of correction of accounting statements for recognition of deferred tax liability relating to the provision for doubtful debt resulting in the increase in the balance of deferred tax liabilities with the relevant effect on the financial result of 2011 which amounted, with the adjustments made, to RUB 411 million.

Electricity losses
Electricity losses
Description of assets 2011 2012 2013 2014 2015
Length of overhead power transmission lines by circuit, km 167,216 167,946 167,327 167,723 166,891
Length of cable power transmission lines, km 7,924 7,999 8,115 8,100 8,140
Number of substations (>35kV), units 1,144 1,149 1,149 1,172 1,172
SS capacity, MVA 18,003 18,163 18,345 19,030 19,031
Total volume of power grids, c.u. 990,840 1,021,301 1,080,050 1,099,472 1,112,957
EBITDA
EBITDA *** In 2014, retrospective adjustments were made for the purpose of revision of accounting report submissions of differences in taxes in respect of estimated liabilities for the payment of vacation allowances, annual remuneration, fees for legal proceedings with the relevant effect on the financial result of 2013 which amounted, with the adjustments made, to RUB 275 million.
Total revenue, RUB million
Total revenue, RUB million
Key financial results 2011 2012 2013 2014 2015
Total revenue, RUB million, including: 30,849 31,169 42,050 44,262 39,623
from electricity transmission 29,486 29,276 29,650 31,343 36,881
from grid connections 884 1,412 955 882 804
from electricity sales 0 0 10,799 11,017 946
other 479 481 646 1,020 991
Production cost, RUB million 27,781 28,129 38,293 40,030 35,547
Ratio of net debt to EBITDA 1.57 2.56 3.03 3.81 2.25
Gross profit, RUB million 3,067 3,040 3,757 4,232 4,076
Profit before tax, RUB million 960 422 733 –529 880
Cash flow from operations, RUB million 4,479 2,896 585 6,630 5,485
Return on equity secured by cash, % 0.96 –0.98 0.22 –3.77 0.68
Net assets cost, RUB million 27,144 27,442 27,695 26,995 27,636
Capitalisation as of the end of the period, RUB million 7,477 6,116 2,712 2,433 2,624
Capital investmentsThe Investment Programme indicators are given in accordance with the Investment Programme of PJSC IDGC of the North-West for 2016-2020, as approved by Ministry of Energy of the Russian Federation as of November 30, 2015 (Order No. 906).
Commissioned fixed assets, RUB million
Commissioned fixed assets, RUB million
Number of personnel, people
Number of personnel, people
Injury frequency rate
Injury frequency rate