Financial Performance

Indicator, RUB mln * 2013 2014 2015 2016 2017
Revenue
158,0
176,0
187,0
255,6
242,2
Adjusted EBITDA** 92,6
107,7
104,3
116,7
126,4
Profit for the period
(234,8)
(20,6)
44,1
68,4
72,7
Adjusted profit for the period***23,4
40,8
46,4
86,6
83,9
Total comprehensive income(360,4)
21,6
47,8
124,4
93,6
Net debt****
224,0
220,1
222,9
221,8
215,4
Market capitalization
114,6
56,1
74,9
257,6
206,9

* The data is coming from IFRS 

** Adjusted EBITDA (for 2015 – 2017) is calculated as EBITDA (earnings before tax, financial income and expenses, depreciation and amortisation) adjusted to exclude net loss from impairment and revaluation loss of property, plant and equipment, revenue from connection services, accrual of doubtful debtors allowance, (loss) / gain on derecognition of subsidiary (only for 2016 and 2017), and including financial income (excluding amortisation of discount in financial income) 

Adjusted EBITDA (for 2013 – 2014) is calculated as EBITDA adjusted to exclude impairment and revaluation loss of property, plant and equipment, gain on derecognition of subsidiary, revenue from connection services, accrual of allowance for doubtful debtors (excluding effect of impairment measured as difference between the carrying value of accounts receivable and the present value of estimated future cash flows), and to include finance income. 

*** Adjusted profit for the period (for 2015 – 2017) is calculated as profit for the period adjusted for impairment and revaluation loss on property, plant and equipment, (loss) / gain on derecognition of subsidiary (only for 2016 and 2017), revenue from connection services, including respective deferred income tax (excluding deferred income tax on revenue from connection services) 

Adjusted profit for the period (for 2013 – 2014) is calculated as profit for the period adjusted for impairment and revaluation loss of property, plant and equipment, gain on derecognition of subsidiary, including respective deferred income tax. 

****Net debt represents non-current and current debt reduced by cash and cash equivalents, short-term bank deposits and short-term promissory notes.  



The audited consolidated IFRS financial statements of FGC UES Group are available on the Company's web site, along with the Management Report, www.federal-grid.com and are also available at the link http://www.fsk-ees.ru/eng/investors/financial_disclosure/ifrs_financial_reports/