RU | EN
Back Back
      1. 3.2.1 Network Exploitation and Grid Asset Consolidation
      2. 3.2.2 Connection
      3. 3.2.3 Electricity Transmission
      4. 3.2.4 Additional (non-tariff) services
      5. 3.2.5 Consumer liaison
      6. 3.2.6 Key RAS metrics
      7. 3.2.7 Key IFRS metrics
      8. 3.2.8 Tariff Policy
      9. 3.2.9 Investments
      10. 3.2.10 Innovations
      11. 3.2.11 Progress of the Digital Transformation Program
Download center
Data analysis
Browsing history
Social networks
Feedback
Version for the visually impaired
Print out
Share
Send to E-mail Copy link
Add to downloads
View PDF
Document for 2023

For the operation of the site, we collect cookies, information about the IP address and location of users. If you do not want this data to be processed, please leave the site.

You didn't fill in the Email field

3.2.7 Key IFRS metrics

Indicator, RUBruble million 2022 2023 2024
Revenues, incl.: 89,194 106,104 115,299
— revenues from electricity transmission 77,588 91,293 106,007
— revenues from connection 1,899 2,926 4,650
— revenues from electricity sales 21,901 25,464 5,112
— other revenues 1,595 1,836 2,601
— revenues from discontinued operations -13,789 -15,415 -3,071
Operating expenses 84,703 93,203 102,071
Expected credit loss provision 751 166 276
Loss from impairment of PP&E and rights of asset use 0 0 0
Net other income 984 1,419 2,392
Operating result 6,226 14,486 15,896
Balance of financial income and expenses -1,485 -1,305 -1,680
Profit before tax 4,741 13,181 14,216
Income tax 1,322 2,564 3,995
Net income from continuing operations 3,419 10,617 10,221
Net income from discontinued operations 857 1,238 417
Net income from the sale of the subsidiary 0 0 2,013
Profit for the period 4,276 11,855 12,651
EBITDA* 14,820 23,078 26,156
EBITDA margin,% 16.6% 21.8% 22.7%

* EBITDAearnings before interest, taxes, depreciation and amortization= Profit/loss before tax + Depreciation and Amortization + interest payable (loans, lease) + impairment loss.

The main portion of the Group’s revenues comes from electricity transmission. These revenues mainly depend on approved tariff rates and volume of transmitted electricity. The Group also has revenues from electricity sales, connection and other services. During the reported period, the Company has sold its stake in AOJoint-Stock Company EES, which key business line was electricity sales, gaining RUBruble 2,013 million.

 

FY2024 revenues of the Group totaled RUBruble 115,299 million (+RUB 9,195 million or 8.7%), incl.:

FY2024financial year 2024 operating expenses totaled RUBruble 102,071 million (+RUB 8,868 million YoYyear on year). The key growth factors are increased expenses on electricity transmission, on loss compensation, depreciation and amortization, on personnel (wage indexation), expenses on production-related works and services in the course of additional (non-tariff) service provision. We recovered the expected credit loss provision (RUBruble 276 million) in 2024 due to debt repayment by the debtor. FY2024financial year 2024 net other income totaled RUBruble 2,392 million (+RUB 973 million). Other operating revenues include gains from uncontracted consumption, from loss compensation due retirement/liquidation of grid assets, gains from fines, penalties and forfeits, writing-off of payables and insurance indemnity, proceeds from disposal of fixed assets.

FY2024financial year 2024 net income of the Group totaled RUBruble 12,651 million (+RUB 796 million YoYyear on year), the increase affected by the proceeds from the sale of the subsidiary. FY2024financial year 2024 EBITDAearnings before interest, taxes, depreciation and amortization totaled RUBruble 26,156 million (+RUB 3,078 million YoYyear on year). Exceedance of revenues over operating expenses, additional other revenues and increased interest income contributed the most to the indicator’s growth.

Indicator 2022 2023 2024 2024/2023, %
Net Debt / EBITDAearnings before interest, taxes, depreciation and amortization ** 1.35 0.90 0.82 -9%
Current liquidity ratio ** 0.48 0.70 0.54 -23%
Financial leverage ** 1.05 0.85 0.97 14%
Share of LT loans ** 0.58 0.94 0.52 -45%
Net cash flow **, RUBruble million 1,661 2,390 3,181 33%

** Calculations in the table above use consolidated financial statements prepared under IFRSInternational Financial Reporting Standards.

Net/EBITDA as of 31.12.2024 is lower than Net/EBITDA as of 31.12.2023 due to increased EBITDAearnings before interest, taxes, depreciation and amortization. Current liquidity ratio as of 31.12.2024 is lower than Current liquidity ratio as of 31.12.2023 due to increased ST liabilities as of 31.12.2023. Financial leverage as of 31.12.2024 is higher than Financial leverage as of 31.12.2023 due to increased ST liabilities. Share of LT loans as of 31.12.2024 is lower than share of LT loans as of 31.12.2023 due to the decreased volume of LT loans as a result of their reclassification as ST loans. Net cash flow in 2024 is positive. Net cash flow in 2024 is higher than Net cash flow in 2023, affected by decreased payments to acquire fixed assets and increased interest received.