News

IR Team


Tel.: +7 (495) 710 9064
Е-mail: ir@fsk-ees.ru
Array ( [ID] => 344548 [~ID] => 344548 [NAME] => Federal Grid Company Announces 3M 2021 RAS Results [~NAME] => Federal Grid Company Announces 3M 2021 RAS Results [IBLOCK_ID] => 40 [~IBLOCK_ID] => 40 [IBLOCK_SECTION_ID] => [~IBLOCK_SECTION_ID] => [DETAIL_TEXT] =>

Federal Grid Company of Unified Energy System (“Federal Grid Company” or “the Company”; Moscow Exchange, LSE: FEES) owner and operator of the Unified National Electric Grid announces its financial results for 3M 2021 under the Russian Accounting Standards (RAS).

The Company’s RAS statements are prepared on a standalone basis and do not include the results of Federal Grid Company’s subsidiaries or affiliated companies that operate as independent legal entities.

Key financial results

Item, mln RUB

3m 2020

3m 2021

Change, %

Revenue

56 737

60 618

6.8%

Electricity transmission services

56 175

59 663

6.2%

Process connection services

33

456

+13.8x

Cost of sales and management expenses

43 667

45 735

4.7%

Profit from sales

13 070

14 883

13.9%

Net profit

10 400

10 513

1.1%


The performance indicators of Federal Grid Company for 3M 2021 reflect the management’s efforts aimed at ensuring financial stability and enhancing the Company’s performance.

The Company’s revenue for 3M 2021 rose by RUB 3 881 million or 6.8% year-on-year. Regarding the main activities:

- Revenue from electricity transmission services increased by RUB 3 488 million or by 6.2%, driven by:

  • Increase in revenue from power supply by RUB 2 650 million (by 5.8%) due to an increase in tariff from 1 July 2020, taking into account a phased transition to settlements based on actual power consumption.

  • Increase in revenue from compensation of electricity losses by RUB 838 million (by 8.1%) as result of increase in electricity output.

- Revenue from process connection services was recognized by RUB 423 million (or 13.8-fold) more than for 3M 2020 in line with the service provision schedule affected by consumer requests;

 

According to 3M 2021 results, Federal Grid Company received a net profit of RUB 10 513 million, up 1.1 % year-on-year. Adjusted EBITDA [1] amounted to RUB 35 816 million.

                                                                                        

Balance sheet as of March 31, 2021

As at the end of the reporting period, the total assets of the Company amounted to RUB 1 578 971 million, which was RUB 11 021 million (or 0.7%) more than at the beginning of the year, where the value of non-current assets amounted to RUB 1 391 661 million, and the value of current assets amounted to RUB 187 309 million.

During the reporting period, the Company’s equity increased by RUB 10 513 million (or 0.9%) due to the net profit generated for 3M 2021 (RUB 10 513 million).

During the reporting period, the Company’s gross debt with consideration of debt on interests accrued decreased by RUB 316 million (0.1%) and amounted to RUB 228 843 million.

 

The accounting statements for 3M 2020 under RAS are available at the website of Federal Grid Company in the Financial Information / Statements under RAS Section through the link below: https://www.fsk-ees.ru/eng/investors/financial_disclosure/ras_financial_reports/


[1] Excluding accrual and reversal of allowance for doubtful debts, financial result related to revaluation of quoted financial assets, and revenue from process connection services


[~DETAIL_TEXT] =>

Federal Grid Company of Unified Energy System (“Federal Grid Company” or “the Company”; Moscow Exchange, LSE: FEES) owner and operator of the Unified National Electric Grid announces its financial results for 3M 2021 under the Russian Accounting Standards (RAS).

The Company’s RAS statements are prepared on a standalone basis and do not include the results of Federal Grid Company’s subsidiaries or affiliated companies that operate as independent legal entities.

Key financial results

Item, mln RUB

3m 2020

3m 2021

Change, %

Revenue

56 737

60 618

6.8%

Electricity transmission services

56 175

59 663

6.2%

Process connection services

33

456

+13.8x

Cost of sales and management expenses

43 667

45 735

4.7%

Profit from sales

13 070

14 883

13.9%

Net profit

10 400

10 513

1.1%


The performance indicators of Federal Grid Company for 3M 2021 reflect the management’s efforts aimed at ensuring financial stability and enhancing the Company’s performance.

The Company’s revenue for 3M 2021 rose by RUB 3 881 million or 6.8% year-on-year. Regarding the main activities:

- Revenue from electricity transmission services increased by RUB 3 488 million or by 6.2%, driven by:

  • Increase in revenue from power supply by RUB 2 650 million (by 5.8%) due to an increase in tariff from 1 July 2020, taking into account a phased transition to settlements based on actual power consumption.

  • Increase in revenue from compensation of electricity losses by RUB 838 million (by 8.1%) as result of increase in electricity output.

- Revenue from process connection services was recognized by RUB 423 million (or 13.8-fold) more than for 3M 2020 in line with the service provision schedule affected by consumer requests;

 

According to 3M 2021 results, Federal Grid Company received a net profit of RUB 10 513 million, up 1.1 % year-on-year. Adjusted EBITDA [1] amounted to RUB 35 816 million.

                                                                                        

Balance sheet as of March 31, 2021

As at the end of the reporting period, the total assets of the Company amounted to RUB 1 578 971 million, which was RUB 11 021 million (or 0.7%) more than at the beginning of the year, where the value of non-current assets amounted to RUB 1 391 661 million, and the value of current assets amounted to RUB 187 309 million.

During the reporting period, the Company’s equity increased by RUB 10 513 million (or 0.9%) due to the net profit generated for 3M 2021 (RUB 10 513 million).

During the reporting period, the Company’s gross debt with consideration of debt on interests accrued decreased by RUB 316 million (0.1%) and amounted to RUB 228 843 million.

 

The accounting statements for 3M 2020 under RAS are available at the website of Federal Grid Company in the Financial Information / Statements under RAS Section through the link below: https://www.fsk-ees.ru/eng/investors/financial_disclosure/ras_financial_reports/


[1] Excluding accrual and reversal of allowance for doubtful debts, financial result related to revaluation of quoted financial assets, and revenue from process connection services


[DETAIL_TEXT_TYPE] => html [~DETAIL_TEXT_TYPE] => html [PREVIEW_TEXT] => Federal Grid Company of Unified Energy System (“Federal Grid Company” or “the Company”; Moscow Exchange, LSE: FEES) owner and operator of the Unified National Electric Grid announces its financial results for 3M 2021 under the Russian Accounting Standards (RAS). [~PREVIEW_TEXT] => Federal Grid Company of Unified Energy System (“Federal Grid Company” or “the Company”; Moscow Exchange, LSE: FEES) owner and operator of the Unified National Electric Grid announces its financial results for 3M 2021 under the Russian Accounting Standards (RAS). [PREVIEW_TEXT_TYPE] => text [~PREVIEW_TEXT_TYPE] => text [DETAIL_PICTURE] => Array ( [ID] => 167620 [TIMESTAMP_X] => 14.05.2021 16:25:04 [MODULE_ID] => iblock [HEIGHT] => 336 [WIDTH] => 505 [FILE_SIZE] => 39960 [CONTENT_TYPE] => image/jpeg [SUBDIR] => iblock/a81 [FILE_NAME] => a819dfaa7ac62c342245d053b90d4a28.jpg [ORIGINAL_NAME] => 798b6e1e1e24e8484e8cad54c2172181.jpg [DESCRIPTION] => [HANDLER_ID] => [EXTERNAL_ID] => 24f766a3c739df5ea6bfe12999687e97 [~src] => [SRC] => /upload/iblock/a81/a819dfaa7ac62c342245d053b90d4a28.jpg [UNSAFE_SRC] => /upload/iblock/a81/a819dfaa7ac62c342245d053b90d4a28.jpg [SAFE_SRC] => /upload/iblock/a81/a819dfaa7ac62c342245d053b90d4a28.jpg [ALT] => Federal Grid Company Announces 3M 2021 RAS Results [TITLE] => Federal Grid Company Announces 3M 2021 RAS Results ) [~DETAIL_PICTURE] => 167620 [TIMESTAMP_X] => 05/14/2021 04:25:04 pm [~TIMESTAMP_X] => 05/14/2021 04:25:04 pm [ACTIVE_FROM] => 04/30/2021 08:40:00 pm [~ACTIVE_FROM] => 04/30/2021 08:40:00 pm [LIST_PAGE_URL] => /eng/public_relations/news/ [~LIST_PAGE_URL] => /eng/public_relations/news/ [DETAIL_PAGE_URL] => /eng/public_relations/news/?ELEMENT_ID=344548 [~DETAIL_PAGE_URL] => /eng/public_relations/news/?ELEMENT_ID=344548 [LANG_DIR] => /eng/ [~LANG_DIR] => /eng/ [CODE] => [~CODE] => [EXTERNAL_ID] => 344548 [~EXTERNAL_ID] => 344548 [IBLOCK_TYPE_ID] => news [~IBLOCK_TYPE_ID] => news [IBLOCK_CODE] => eng_news_company [~IBLOCK_CODE] => eng_news_company [IBLOCK_EXTERNAL_ID] => 36 [~IBLOCK_EXTERNAL_ID] => 36 [LID] => en [~LID] => en [NAV_RESULT] => [DISPLAY_ACTIVE_FROM] => 04/30/2021 [IPROPERTY_VALUES] => Array ( ) [FIELDS] => Array ( ) [PROPERTIES] => Array ( [flag_main] => Array ( [ID] => 86 [TIMESTAMP_X] => 2019-07-29 10:51:17 [IBLOCK_ID] => 40 [NAME] => Main news [ACTIVE] => Y [SORT] => 500 [CODE] => flag_main [DEFAULT_VALUE] => [PROPERTY_TYPE] => L [ROW_COUNT] => 1 [COL_COUNT] => 30 [LIST_TYPE] => C [MULTIPLE] => N [XML_ID] => 104 [FILE_TYPE] => [MULTIPLE_CNT] => 5 [TMP_ID] => [LINK_IBLOCK_ID] => 0 [WITH_DESCRIPTION] => N [SEARCHABLE] => N [FILTRABLE] => Y [IS_REQUIRED] => N [VERSION] => 1 [USER_TYPE] => [USER_TYPE_SETTINGS] => [HINT] => [PROPERTY_VALUE_ID] => [VALUE] => [DESCRIPTION] => [VALUE_ENUM] => [VALUE_XML_ID] => [VALUE_SORT] => [VALUE_ENUM_ID] => [~VALUE] => [~DESCRIPTION] => [~NAME] => Main news [~DEFAULT_VALUE] => ) [flag_region] => Array ( [ID] => 87 [TIMESTAMP_X] => 2019-07-29 10:51:17 [IBLOCK_ID] => 40 [NAME] => Region news [ACTIVE] => Y [SORT] => 500 [CODE] => flag_region [DEFAULT_VALUE] => [PROPERTY_TYPE] => L [ROW_COUNT] => 1 [COL_COUNT] => 30 [LIST_TYPE] => C [MULTIPLE] => N [XML_ID] => 105 [FILE_TYPE] => [MULTIPLE_CNT] => 5 [TMP_ID] => [LINK_IBLOCK_ID] => 0 [WITH_DESCRIPTION] => N [SEARCHABLE] => N [FILTRABLE] => Y [IS_REQUIRED] => N [VERSION] => 1 [USER_TYPE] => [USER_TYPE_SETTINGS] => [HINT] => [PROPERTY_VALUE_ID] => [VALUE] => [DESCRIPTION] => [VALUE_ENUM] => [VALUE_XML_ID] => [VALUE_SORT] => [VALUE_ENUM_ID] => [~VALUE] => [~DESCRIPTION] => [~NAME] => Region news [~DEFAULT_VALUE] => ) [flag_investment] => Array ( [ID] => 88 [TIMESTAMP_X] => 2019-07-29 10:51:17 [IBLOCK_ID] => 40 [NAME] => Investment newa [ACTIVE] => Y [SORT] => 500 [CODE] => flag_investment [DEFAULT_VALUE] => [PROPERTY_TYPE] => L [ROW_COUNT] => 1 [COL_COUNT] => 30 [LIST_TYPE] => C [MULTIPLE] => N [XML_ID] => 106 [FILE_TYPE] => [MULTIPLE_CNT] => 5 [TMP_ID] => [LINK_IBLOCK_ID] => 0 [WITH_DESCRIPTION] => N [SEARCHABLE] => N [FILTRABLE] => Y [IS_REQUIRED] => N [VERSION] => 1 [USER_TYPE] => [USER_TYPE_SETTINGS] => [HINT] => [PROPERTY_VALUE_ID] => [VALUE] => [DESCRIPTION] => [VALUE_ENUM] => [VALUE_XML_ID] => [VALUE_SORT] => [VALUE_ENUM_ID] => [~VALUE] => [~DESCRIPTION] => [~NAME] => Investment newa [~DEFAULT_VALUE] => ) [flag_ir_release] => Array ( [ID] => 89 [TIMESTAMP_X] => 2019-07-29 10:51:17 [IBLOCK_ID] => 40 [NAME] => IR release [ACTIVE] => Y [SORT] => 500 [CODE] => flag_ir_release [DEFAULT_VALUE] => [PROPERTY_TYPE] => L [ROW_COUNT] => 1 [COL_COUNT] => 30 [LIST_TYPE] => C [MULTIPLE] => N [XML_ID] => 107 [FILE_TYPE] => [MULTIPLE_CNT] => 5 [TMP_ID] => [LINK_IBLOCK_ID] => 0 [WITH_DESCRIPTION] => N [SEARCHABLE] => N [FILTRABLE] => Y [IS_REQUIRED] => N [VERSION] => 1 [USER_TYPE] => [USER_TYPE_SETTINGS] => [HINT] => [PROPERTY_VALUE_ID] => [VALUE] => [DESCRIPTION] => [VALUE_ENUM] => [VALUE_XML_ID] => [VALUE_SORT] => [VALUE_ENUM_ID] => [~VALUE] => [~DESCRIPTION] => [~NAME] => IR release [~DEFAULT_VALUE] => ) [projects] => Array ( [ID] => 90 [TIMESTAMP_X] => 2019-07-29 10:51:17 [IBLOCK_ID] => 40 [NAME] => Projects [ACTIVE] => Y [SORT] => 500 [CODE] => projects [DEFAULT_VALUE] => [PROPERTY_TYPE] => G [ROW_COUNT] => 1 [COL_COUNT] => 30 [LIST_TYPE] => L [MULTIPLE] => N [XML_ID] => 108 [FILE_TYPE] => [MULTIPLE_CNT] => 5 [TMP_ID] => [LINK_IBLOCK_ID] => 0 [WITH_DESCRIPTION] => N [SEARCHABLE] => N [FILTRABLE] => Y [IS_REQUIRED] => N [VERSION] => 1 [USER_TYPE] => [USER_TYPE_SETTINGS] => [HINT] => [PROPERTY_VALUE_ID] => [VALUE] => [DESCRIPTION] => [VALUE_ENUM] => [VALUE_XML_ID] => [VALUE_SORT] => [~VALUE] => [~DESCRIPTION] => [~NAME] => Projects [~DEFAULT_VALUE] => ) [mes] => Array ( [ID] => 91 [TIMESTAMP_X] => 2019-07-29 13:20:49 [IBLOCK_ID] => 40 [NAME] => MES [ACTIVE] => Y [SORT] => 500 [CODE] => mes [DEFAULT_VALUE] => [PROPERTY_TYPE] => G [ROW_COUNT] => 1 [COL_COUNT] => 30 [LIST_TYPE] => L [MULTIPLE] => Y [XML_ID] => 109 [FILE_TYPE] => [MULTIPLE_CNT] => 5 [TMP_ID] => [LINK_IBLOCK_ID] => 12 [WITH_DESCRIPTION] => N [SEARCHABLE] => N [FILTRABLE] => Y [IS_REQUIRED] => N [VERSION] => 1 [USER_TYPE] => [USER_TYPE_SETTINGS] => [HINT] => [PROPERTY_VALUE_ID] => [VALUE] => [DESCRIPTION] => [VALUE_ENUM] => [VALUE_XML_ID] => [VALUE_SORT] => [~VALUE] => [~DESCRIPTION] => [~NAME] => MES [~DEFAULT_VALUE] => ) [mes_show_contacts] => Array ( [ID] => 92 [TIMESTAMP_X] => 2019-07-29 10:51:17 [IBLOCK_ID] => 40 [NAME] => Show MES contacts [ACTIVE] => Y [SORT] => 500 [CODE] => mes_show_contacts [DEFAULT_VALUE] => [PROPERTY_TYPE] => L [ROW_COUNT] => 1 [COL_COUNT] => 30 [LIST_TYPE] => L [MULTIPLE] => N [XML_ID] => 110 [FILE_TYPE] => [MULTIPLE_CNT] => 5 [TMP_ID] => [LINK_IBLOCK_ID] => 0 [WITH_DESCRIPTION] => N [SEARCHABLE] => N [FILTRABLE] => Y [IS_REQUIRED] => N [VERSION] => 1 [USER_TYPE] => [USER_TYPE_SETTINGS] => [HINT] => [PROPERTY_VALUE_ID] => 179695 [VALUE] => Yes [DESCRIPTION] => [VALUE_ENUM] => Yes [VALUE_XML_ID] => true [VALUE_SORT] => 500 [VALUE_ENUM_ID] => 18 [~VALUE] => Yes [~DESCRIPTION] => [~NAME] => Show MES contacts [~DEFAULT_VALUE] => ) [photo_gallery_id] => Array ( [ID] => 93 [TIMESTAMP_X] => 2019-07-29 10:51:17 [IBLOCK_ID] => 40 [NAME] => Photoalbum [ACTIVE] => Y [SORT] => 500 [CODE] => photo_gallery_id [DEFAULT_VALUE] => [PROPERTY_TYPE] => S [ROW_COUNT] => 1 [COL_COUNT] => 30 [LIST_TYPE] => L [MULTIPLE] => N [XML_ID] => 111 [FILE_TYPE] => [MULTIPLE_CNT] => 5 [TMP_ID] => [LINK_IBLOCK_ID] => 0 [WITH_DESCRIPTION] => N [SEARCHABLE] => N [FILTRABLE] => N [IS_REQUIRED] => N [VERSION] => 1 [USER_TYPE] => [USER_TYPE_SETTINGS] => [HINT] => [PROPERTY_VALUE_ID] => [VALUE] => [DESCRIPTION] => [VALUE_ENUM] => [VALUE_XML_ID] => [VALUE_SORT] => [~VALUE] => [~DESCRIPTION] => [~NAME] => Photoalbum [~DEFAULT_VALUE] => ) [photo_gallery_items] => Array ( [ID] => 94 [TIMESTAMP_X] => 2019-07-29 10:51:17 [IBLOCK_ID] => 40 [NAME] => Photo [ACTIVE] => Y [SORT] => 500 [CODE] => photo_gallery_items [DEFAULT_VALUE] => [PROPERTY_TYPE] => E [ROW_COUNT] => 1 [COL_COUNT] => 30 [LIST_TYPE] => L [MULTIPLE] => N [XML_ID] => 112 [FILE_TYPE] => [MULTIPLE_CNT] => 5 [TMP_ID] => [LINK_IBLOCK_ID] => 0 [WITH_DESCRIPTION] => N [SEARCHABLE] => N [FILTRABLE] => N [IS_REQUIRED] => N [VERSION] => 1 [USER_TYPE] => [USER_TYPE_SETTINGS] => [HINT] => [PROPERTY_VALUE_ID] => [VALUE] => [DESCRIPTION] => [VALUE_ENUM] => [VALUE_XML_ID] => [VALUE_SORT] => [~VALUE] => [~DESCRIPTION] => [~NAME] => Photo [~DEFAULT_VALUE] => ) ) [DISPLAY_PROPERTIES] => Array ( ) [IBLOCK] => Array ( [ID] => 40 [~ID] => 40 [TIMESTAMP_X] => 08/03/2019 01:05:39 pm [~TIMESTAMP_X] => 08/03/2019 01:05:39 pm [IBLOCK_TYPE_ID] => news [~IBLOCK_TYPE_ID] => news [LID] => en [~LID] => en [CODE] => eng_news_company [~CODE] => eng_news_company [NAME] => News [~NAME] => News [ACTIVE] => Y [~ACTIVE] => Y [SORT] => 500 [~SORT] => 500 [LIST_PAGE_URL] => /eng/public_relations/news/?ID=40 [~LIST_PAGE_URL] => /eng/public_relations/news/?ID=40 [DETAIL_PAGE_URL] => #SITE_DIR#/public_relations/news/?ELEMENT_ID=#ID# [~DETAIL_PAGE_URL] => #SITE_DIR#/public_relations/news/?ELEMENT_ID=#ID# [SECTION_PAGE_URL] => #SITE_DIR#/public_relations/news/?SECTION_ID=#ID# [~SECTION_PAGE_URL] => #SITE_DIR#/public_relations/news/?SECTION_ID=#ID# [CANONICAL_PAGE_URL] => [~CANONICAL_PAGE_URL] => [PICTURE] => [~PICTURE] => [DESCRIPTION] => [~DESCRIPTION] => [DESCRIPTION_TYPE] => text [~DESCRIPTION_TYPE] => text [RSS_TTL] => 24 [~RSS_TTL] => 24 [RSS_ACTIVE] => Y [~RSS_ACTIVE] => Y [RSS_FILE_ACTIVE] => N [~RSS_FILE_ACTIVE] => N [RSS_FILE_LIMIT] => [~RSS_FILE_LIMIT] => [RSS_FILE_DAYS] => [~RSS_FILE_DAYS] => [RSS_YANDEX_ACTIVE] => N [~RSS_YANDEX_ACTIVE] => N [XML_ID] => 36 [~XML_ID] => 36 [TMP_ID] => [~TMP_ID] => [INDEX_ELEMENT] => Y [~INDEX_ELEMENT] => Y [INDEX_SECTION] => Y [~INDEX_SECTION] => Y [WORKFLOW] => N [~WORKFLOW] => N [BIZPROC] => N [~BIZPROC] => N [SECTION_CHOOSER] => L [~SECTION_CHOOSER] => L [LIST_MODE] => [~LIST_MODE] => [RIGHTS_MODE] => S [~RIGHTS_MODE] => S [SECTION_PROPERTY] => [~SECTION_PROPERTY] => [PROPERTY_INDEX] => [~PROPERTY_INDEX] => [VERSION] => 1 [~VERSION] => 1 [LAST_CONV_ELEMENT] => 0 [~LAST_CONV_ELEMENT] => 0 [SOCNET_GROUP_ID] => [~SOCNET_GROUP_ID] => [EDIT_FILE_BEFORE] => [~EDIT_FILE_BEFORE] => [EDIT_FILE_AFTER] => [~EDIT_FILE_AFTER] => [SECTIONS_NAME] => Разделы [~SECTIONS_NAME] => Разделы [SECTION_NAME] => Раздел [~SECTION_NAME] => Раздел [ELEMENTS_NAME] => Элементы [~ELEMENTS_NAME] => Элементы [ELEMENT_NAME] => Элемент [~ELEMENT_NAME] => Элемент [EXTERNAL_ID] => 36 [~EXTERNAL_ID] => 36 [LANG_DIR] => /eng/ [~LANG_DIR] => /eng/ [SERVER_NAME] => [~SERVER_NAME] => ) [SECTION] => Array ( [PATH] => Array ( ) ) [SECTION_URL] => [META_TAGS] => Array ( [BROWSER_TITLE] => [KEYWORDS] => [DESCRIPTION] => ) )

Federal Grid Company Announces 3M 2021 RAS Results

04/30/2021 Federal Grid Company Announces 3M 2021 RAS Results

Federal Grid Company of Unified Energy System (“Federal Grid Company” or “the Company”; Moscow Exchange, LSE: FEES) owner and operator of the Unified National Electric Grid announces its financial results for 3M 2021 under the Russian Accounting Standards (RAS).

The Company’s RAS statements are prepared on a standalone basis and do not include the results of Federal Grid Company’s subsidiaries or affiliated companies that operate as independent legal entities.

Key financial results

Item, mln RUB

3m 2020

3m 2021

Change, %

Revenue

56 737

60 618

6.8%

Electricity transmission services

56 175

59 663

6.2%

Process connection services

33

456

+13.8x

Cost of sales and management expenses

43 667

45 735

4.7%

Profit from sales

13 070

14 883

13.9%

Net profit

10 400

10 513

1.1%


The performance indicators of Federal Grid Company for 3M 2021 reflect the management’s efforts aimed at ensuring financial stability and enhancing the Company’s performance.

The Company’s revenue for 3M 2021 rose by RUB 3 881 million or 6.8% year-on-year. Regarding the main activities:

- Revenue from electricity transmission services increased by RUB 3 488 million or by 6.2%, driven by:

  • Increase in revenue from power supply by RUB 2 650 million (by 5.8%) due to an increase in tariff from 1 July 2020, taking into account a phased transition to settlements based on actual power consumption.

  • Increase in revenue from compensation of electricity losses by RUB 838 million (by 8.1%) as result of increase in electricity output.

- Revenue from process connection services was recognized by RUB 423 million (or 13.8-fold) more than for 3M 2020 in line with the service provision schedule affected by consumer requests;

 

According to 3M 2021 results, Federal Grid Company received a net profit of RUB 10 513 million, up 1.1 % year-on-year. Adjusted EBITDA [1] amounted to RUB 35 816 million.

                                                                                        

Balance sheet as of March 31, 2021

As at the end of the reporting period, the total assets of the Company amounted to RUB 1 578 971 million, which was RUB 11 021 million (or 0.7%) more than at the beginning of the year, where the value of non-current assets amounted to RUB 1 391 661 million, and the value of current assets amounted to RUB 187 309 million.

During the reporting period, the Company’s equity increased by RUB 10 513 million (or 0.9%) due to the net profit generated for 3M 2021 (RUB 10 513 million).

During the reporting period, the Company’s gross debt with consideration of debt on interests accrued decreased by RUB 316 million (0.1%) and amounted to RUB 228 843 million.

 

The accounting statements for 3M 2020 under RAS are available at the website of Federal Grid Company in the Financial Information / Statements under RAS Section through the link below: https://www.fsk-ees.ru/eng/investors/financial_disclosure/ras_financial_reports/


[1] Excluding accrual and reversal of allowance for doubtful debts, financial result related to revaluation of quoted financial assets, and revenue from process connection services



Back to the list