2017 Information was retrospectively restated due to the introduction of IFRS 15 “Revenue from Contracts with Customers” and IFRS 16 “Leases.” The consolidated statement of financial position as of December 31, 2016 was retrospectively restated. The consolidated statement of comprehensive income for the year ended December 31, 2016 was not subject to retrospective restatement.
2018
Change vs. 2017, %
Revenue, RUB mln
868,182
869,204
962,582
10.7
Other operating income, RUB mln
39,120
8,817
10,492
19.0
Operating expenses, RUB mln
–830,042
–821,779
–885,785
7.8
Net profit, RUB mln
61,312
54,662
71,675
31.1
Net assets, RUB mln
421,106 Information was retrospectively restated due to the introduction of IFRS 15 “Revenue from Contracts with Customers” and IFRS 16 “Leases.” The consolidated statement of financial position as of December 31, 2016 was retrospectively restated. The consolidated statement of comprehensive income for the year ended December 31, 2016 was not subject to retrospective restatement.
461,503
485,478 The value of net assets (RUB 485.478 billion) exceeds the value of the share capital of PJSC Inter RAO (RUB 293.340 billion) by RUB 192.138 billion.
5.2
Intangible assets, RUB mln
9,908
13,183
13,849
5.1
EBITDA, RUB mln
96,259
97,645
121,300
24.2
EBITDA margin, %
11
11
13
2 p.p.
Salary, employee benefits, and payroll taxes, RUB mln
49,892
49,468
51,935
5.0
Ratios and other indicators The ratios for 2016 are calculated based on the consolidated financial statements of PJSC Inter RAO and its subsidiaries for 2017 due to the lack of a retrospective restatement of the consolidated statement of comprehensive income for 2016.
Indicator
2016
2017
2018
Change vs. 2017, %
Return on assets, %
10.75
8.93
10.48
17.3
Return on invested capital, %
13.75
11.02
13.02
18.2
Return on equity, %
14.63
11.84
14.76
24.6
Return on EBITDA, %
11.09
11.23
12.60
12.2
Current liquidity ratio
1.77
2.07
2.02
–2.5
Equity concentration ratio
0.73
0.72
0.67
–7.7
Equity-to-loans ratio
2.75
2.60
2.00
–23.2
Net cash flow from operating activities
81,361
88,759
94,456
6.4
Loans and borrowings, RUB mln
17,624
16,154
9,738
–39.7
Short-term, RUB mln
8,738
11,479
8,353
–27.2
Long-term, RUB mln
8,886
4,675
1,385
–70.4
Lease obligations, RUB mln
–
12,698
50,093
3.9x
DebtIncluding the share of lease obligations in joint ventures./EBITDA
0.2
0.3
0.5
66.9
Net debtIncluding the share of lease obligations in joint ventures., RUB mln
–78,232
–135,495
–166,706
–
Net debtIncluding the share of lease obligations in joint ventures./ EBITDA
–0.8
–1.4
–1.4
–
Starting from January 1, 2018, the Group has employed IFRS 15 “Revenue from Contracts with Customers” and IFRS 16 “Leases.” For this reason, comparable data for 2017 has been retrospectively recalculated in accordance with the requirements of the standards. The ratios for 2016 are calculated based on the consolidated financial statements of PJSC Inter RAO and its subsidiaries for 2017 due to the lack of a retrospective restatement of the consolidated statement of comprehensive income for 2016.
