ОГК-2

ОАО Вторая генерирующая компания оптового рынка электроэнергии

 

OGK-2 Releases RAS Accounting Statements for the 2020FY
20.02.2021

OGK-2 releases Accounting Statements for the 2020FY, in accordance with Russian Accounting Standards (RAS).

Key Highlights of the Statement of Financial Results (mn RUR)

2019FY

2020FY

Change (%)

Change (∆)

Revenue

134,247

120,299

-10.4%

-13,948

Cost of sales

109,123

98,363

-9.9%

-10,760

Gross profit

25,124

21,936

-12.7%

-3,188

Net profit

12,545*

12,289

-2.0%

-256

EBITDA

28,944

29,708

+2.6%

+764

Company revenue totaled RUR 120 bln 299 mn, decreasing by 10.4% year-on-year.

Cost of sales decreased to RUR 98 bln 363 mn, down by 9.9%, resulting from the Company strategy towards lower output at inefficient equipment on the back of declining consumption in the energy system.

EBITDA increased by 2.6% year-on-year, up to RUR 29 bln 708 mn. Gross profit totaled RUR 21 bln 936 mn (-12.7%). Net profit changed marginally, down by 2% to 12 bln 289 mn.

* OGK-2 net profit for 2019FY was adjusted in accordance with changes to Accounting Regulations “Income Tax Expense Accounting” (PBU 18/2002), approved by the Russian Federation Ministry of Finance order #114n, effective as of Accounting Statements for the 2020FY.

For reference:

OGK-2 is a heat generating company. The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ JSC).

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