OGK-2 releases audited consolidated Financial Statements for the nine months, ended December 31, 2021, prepared in accordance with International Financial Reporting Standards (IFRS).
|
Highlights of the Consolidated Income Statement (mn RUR) |
2020FY |
2021FY |
Change (%) |
Change (∆) |
|
Revenue |
120,687 |
141,574 |
+17.3% |
+20,887 |
|
Operating Expenses |
(101,501) |
(134,050) |
+32.1% |
-32,549 |
|
Operating Profit |
18,384 |
7,703 |
-58.1% |
-10,681 |
|
EBITDA* |
34,006 |
39,543 |
+16.3% |
+5,537 |
|
Profit for the Period |
13,265 |
4,435 |
-66.6% |
-8,830 |
* EBITDA = Operating profit (Revenue – Operating Expenses – Impairment (Loss) / Reversal on Financial Assets) + Depreciation and Amortization + Loss from Impairment (Reserve Accrual) for Non-financial Assets – Income from Impairment Loss Reversal (Reserve) for Non-financial Assets
The Group revenue totaled RUR 141,574 mn, up by 17.3% year-on-year, resulting, mostly, from growing prices of electricity and capacity, sold at the wholesale market, concerning, among other, capacity, commissioned under CSA-program.
Operating expenses totaled RUR 134,050 mn, increasing by 32.1% year-on-year. The increase was due to growing loss on PP&E impairment, as well as recognition of income from Krasnoyarskaya station-2 sale in 2020.
Operating profit decreased by 58.1% year-on-year down to RUR 7,703 mn. However, EBITDA parameter, demonstrating the real profitability, totaled RUR 39,543 mn (+16.3% year-on-year). Profit for the period decreased by 66.6% year-on-year to RUR 4,435 mn.
The detailed information about OGK-2 performance for 2021FY
in accordance with IFRS is available at the company’s website in the IFRS Financial Reports section.
For reference:
OGK-2 is a thermal generator. The Company’s controlling shareholder is ‘Gazprom Energoholding’ LLC (100% subsidiary of ‘Gazprom’ JSC).