Financial Performance

Indicator, RUB bn* 2015 2016 2017 2018 2019
Revenue
187.0
255.6
242.2
254.0
249.6
Adjusted EBITDA** 104.3
116.7
129.5
133.6
136.2
Profit for the period
44.1
68.4
87.8
92.8
86.6
Adjusted profit for the period*** 46.4
86.6
96.8
91.0
83.7
Total comprehensive income 47.8
124.4
79.2
101.2
94.1
Net debt****
222.9
221.8
215.4
205.4
176.8
Market capitalization
74.9
257.6
206.9
188.9
256.6

* The data is coming from IFRS

** Adjusted EBITDA (for 2017–2019) is calculated as EBITDA (earnings before tax, financial income and expenses, depreciation and amortisation) adjusted to exclude (accrual)/reversal of net loss from impairment of property, plant and equipment, revenue from connection services, expenses related to accrual/(reversal) of allowance for expected credit losses and doubtful debtors, loss on derecognition of subsidiary (only for 2017), gain from asset exchange (only for 2019), loss on disposal of associated company (only for 2019) and movement in provision for legal claims and including financial income.

Adjusted EBITDA (for 2015–2016) 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 (excluding effects of discounting reflected in the doubtful debtor allowance), gain on derecognition of subsidiary (only for 2016), and including financial income.


*** Adjusted profit for the period (for 2017–2019) is calculated as profit for the period adjusted to exclude (accrual)/reversal of net loss from impairment of property, plant and equipment, loss on derecognition of subsidiary (only for 2017), gain from asset exchange (only for 2019), loss on disposal of associated company (only for 2019), including respective deferred income tax.

Adjusted profit for the period (for 2015–2016) is calculated as profit for the period adjusted for impairment and revaluation loss on property, plant and equipment, gain on derecognition of subsidiary (only for 2016), 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/.