OGK-2 releases audited consolidated Financial Statements for the nine months, ended December 31, 2020, prepared in accordance with International Financial Reporting Standards (IFRS).
|
Highlights of the Consolidated Income Statement (mn RUR) |
2019FY |
2020FY |
Change (%) |
Change (∆) |
|
Revenue |
134,579 |
120,687 |
-10.32% |
-13,892 |
|
Operating Expenses |
116,285 |
101,501 |
-12.71% |
-14,784 |
|
Operating Profit |
17,838 |
18,384 |
+3.06% |
+546 |
|
EBITDA* |
31,203 |
31,569 |
+1.17% |
+366 |
|
Profit for the Period |
12,025 |
13,265 |
+10.31% |
+1,240 |
* EBITDA = Operating profit + Depreciation and Amortization.
The Group revenue totaled RUR 120,687 mn, down by 10.32% year-on-year, resulting, in large measure, from the Company’s strategy towards lower electricity output by inefficient equipment on the back of lower consumption in the energy system.
Operating expenses totaled RUR 101,501 mn, reduced by 12.71% year-on-year, mostly, on the account of lower fuel expenses, on the back of output decrease.
Operating profit increased by 3.06% year-on-year up to RUR 18,384 mn. EBITDA totaled RUR 31,569 mn (+1.17% year-on-year). Profit for the Year increased by 10.31% year-on-year to RUR 13,265 mn.
The detailed information about OGK-2 performance for 2020FY
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).