Financial Performance

Indicator, RUB mln * 2012 2013 2014 2015 2016
Revenue
140,313
157,970
175,968
187,041
255,603
Adjusted EBITDA** 82,732
92,551
107,676
104,338
116,660
Adjusted operating profit*** 34,119
30,877
55,449
60,079
106,134
Profit for the period
7,238
(234,771)
(20,601)
44,098
68,382
Adjusted profit for the period****30,150
23,405
40,844
46,378
86,645
Total comprehensive income5,315
(360,437)
21,602
47,848
124,423
Net debt*****
168,002
223,995
220,099
222,903
221,750
Market capitalization
253,905
114,600
56,111
74,861
257,584

* The data is coming from IFRS

**Adjusted EBITDA 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 operating profit is calculated as operating profit adjusted for impairment and revaluation loss of property, plant and equipment and gain on derecognition of subsidiary.

****Adjusted profit for the period 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/.