ОГК-2

ОАО Вторая генерирующая компания оптового рынка электроэнергии

 

JSC OGK-2 increased its 12M 2013 IFRS Profit by 30% up to 4.2 bn RUR
09.04.2014



RELEASE

09.04.2014

Moscow


OJSC OGK-2 increased its 12M 2013 IFRS

Profit by 30% up to 4.2 bn RUR


OJSC OGK-2 releases its audited consolidated Financial Statements for the 12 months ended 31 December 2013, prepared in accordance with International Financial Reporting Standards (IFRS).

Highlights of the Consolidated Income Statement and Consolidated statement of Comprehensive Income
(mn RUR)

12M 2013

12M 2012

(restated)

Change (%)

Change (∆)

Revenue

111,976

104,213

+7.4%

+7,763

Operating Expenses

(105,303)

(97,761)

+7.7%

+7,542

Operating Profit

6,874

6,503

+5.7%

+371

EBITDA*

11,459

10,620

+7.9%

+839

Profit for the Year

4,241

3,255

+30.3%

+986

Total Comprehensive Income for the Year

4,788

3,122

+53.4%

+1,666

* EBITDA= Operating profit + Depreciation and Amortization.

The revenue of OJSC OGK-2 for FY 2013 totaled RUR 111,976 mn, growing by 7.4% or by RUR 7,763 mn year-on-year. The revenue increase resulted from the growth in capacity sales under CSA, on the back of commissioning of new units, under CSA program. This positive effect was enhanced by growing electricity prices at the wholesale market.

Operating expenses for the FY 2013 increased by 7.7% year-on-year up to RUR 105,303mn.

As a result of the mentioned above, operating profit for FY 2013 grew by 5.7% year-on-year and totaled RUR 6,874 mn.

EBITDA for FY 2013 increased by 7.9 % year-on-year, amounting to RUR 11,459 mn. After adjustment to Provision for impairment of trade and other receivables EBITDA for FY 2013 totaled RUR 13,899 mn, up by 24.4% compared to the RUR 11,170 mn in FY 2012.

OJSC OGK-2 Total Comprehensive Income for the 12 months of the 2013 totaled RUR 4,788 mn, increasing by RUR 1,666 mn, or by 53.4% year-on-year.

Detailed information about OGK-2 performance in the 12 months 2013
in accordance with IFRS is available at the company’s website in the IFRS Financial Reports section.



For reference: 

OGK-2 is a leading heat generator, including 11 production branches-power plants with total installed capacity of circa 18.0 GW, providing about 7% of Russia’s electricity output. The Company includes: Adlerskaya TPS, Kirishskaya State District Power Plant, Krasnoyarskskaya State District Power Plant 2, Pskovskaya State District Power Plant, Novocherkasskskaya State District Power Plant, Ryazanskaya State District Power Plant, Serovskaya State District Power Plant, Stavropolskaya State District Power Plant, Surgutskaya State District Power Plant 1, Troitskskaya State District Power Plant, Cherepovetskaya State District Power Plant.

The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ OJSC).

  • Peterburgskoe highway 66,
  • Buid. 1, litera A, St. Peterburg, 196140, Russia
  • (812) 646-13-64
  • mail: office@ogk2.ru
  • Alevtina Tolstykh
  • E-mail: tolai@ogk2.ru
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