Segment reporting

Key financial and economic results of the Group in 2018 by segment
Indicator Supply Electric Power Generation in the Russian Federation Thermal Power Generation in the Russian Federation Trading Foreign Assets Engineering Corporate centre TOTAL
Russian Federation Inter RAO – Electricity Generation Group Represented by Group Inter RAO – Electric Power Plants, including JSC Nizhnevartovskaya TPP (accounted for under the equity method) (hereinafter in the Report). TGC-11 Represented by JSC Tomsk Generation, JSC TGС-11, JSC Omsk RTS, and JSC Tomsk RTS (hereinafter in the Report). Bashkir Generation Represented by Group Bashkir Generation Company, including LLC BashRTS (hereinafter in the Report). Russian Federation and Europe Georgia Moldova Turkey Russian Federation
Revenue, RUB mln 632,368 177,358 33,036 57,217 73,495 12,587 8,490 5,740 30,674 (68,383) 962,582
Share of Segment’s revenue in total, % 66 18 3 6 8 1 1 1 3 –7 100
Operating expenses, including
Purchased electricity and capacity, RUB mln (368,026) (6,999) (2,664) (3,942) (48,496) (6,607) 64,938 (371,796)
Transmission fees, RUB mln (218,047) (5) (7,402) (1,715) (64) (1) (227,234)
Fuel expenses, RUB mln (76,490) (13,191) (28,777) (4,283) (2,173) 2,923 (121,991)
Share in loss of joint ventures, RUB mln (89) (3,057) (55) (3,201)
EBITDA, RUB mln 24,960 59,998 6,469 11,201 16,309 2,221 2,804 2,466 263 (5,391) 121,300
Depreciation and amortization, RUB mln (2,721) (14,106) (1,660) (4,160) (177) (595) (284) (1,683) (161) (1,054) (26,601)
Interest income, RUB mln 1,607 3,374 65 225 22 59 30 311 4,574 10,267
Interest expenses, RUB mln (540) (155) (160) (6) (22) (239) (34) (192) (96) 254 (1,190)
Interest expenses on lease liabilities, RUB mln (372) (2,792) (73) (505) (5) (7) (8) (39) (3,801)
EBITDA margin, EBITDA margin was calculated excluding intersegment revenue of the ‘Supply in the Russian Federation’ segment in the amount of RUB 1.674 billion, the ‘Electric Power Generation in the Russian Federation’ segment in the amount of RUB 46.037 billion, the ‘Thermal Power Generation in the Russian Federation’ segment in the amount of RUB 15.388 billion (including TGC-11 in the amount of RUB 3.9 billion and Bashkir Generation in the amount of RUB 11.488 billion), the ‘Trading in the Russian Federation and Europe’ segment in the amount of RUB 2.053 billion, and the ‘Engineering in the Russian Federation’ segment in the amount of RUB 3.793 billion. % 4 46 22 24 23 18 33 43 1 13
Share of Segment’s EBITDA in total, % 21 50 5 9 13 2 2 2 0 –4 100
Key financial and economic results of the Group in 2017 by segment Information was retrospectively restated due to implementation of IFRS 15 “Revenue from Contracts with Customers” and IFRS 16 “Leases”
Indicator Supply Electric Power Generation in the Russian Federation Thermal Power Generation in the Russian Federation Trading Foreign Assets Engineering Corporate centre TOTAL
Russian Federation Inter RAO – Electricity Generation Group TGC-11 Bashkir Generation Russian Federation and Europe Georgia Moldova Turkey Russian Federation
Revenue, RUB mln 580,846 165,690 31,525 53,322 58,618 10,092 6,129 10,541 15,100 (62,659) 869,204
Share of Segment’s revenue in total, % 67 19 3 6 7 1 1 1 2 –7 100
Operating expenses, including
Purchased electricity and capacity, RUB mln (340,249) (7,006) (2,603) (4,040) (44,890) (5,448) 59,218 (345,018)
Transmission fees, RUB mln (201,689) (5) (5,537) (1,022) (38) (208,291)
Fuel expenses, RUB mln (76,559) (12,604) (28,064) (1,942) (7,987) 2,596 (124,560)
Share in (loss)/profit of joint ventures, RUB mln (42) 2,704 (28) 74 2,708
EBITDA, RUB mln 19,086 57,058 5,489 8,400 7,445 1,813 2,711 1,558 (143) (5,772) 97,645
Depreciation and amortization, RUB mln (2,557) (11,011) (1,922) (3,272) (184) (530) (307) (1,217) (233) (899) (22,132)
Interest income, RUB mln 3,509 1,924 7 254 65 23 32 344 2,619 8,777
Interest expenses, RUB mln (1,377) (145) (414) (7) (56) (190) (104) (292) (129) 218 (2,496)
Interest expenses on lease liabilities, RUB mln (413) (122) (75) (547) (5) (7) (10) (67) (1,246)
EBITDA margin, EBITDA margin was calculated excluding intersegment revenue of the ‘Supply in the Russian Federation’ segment in the amount of RUB 1.533 billion, the ‘Electric Power Generation in the Russian Federation’ segment in the amount of RUB 41.911 billion, the ‘Thermal Power Generation in the Russian Federation’ segment in the amount of RUB 13.693 billion (including TGC-11 in the amount of RUB 3.636 billion and Bashkir Generation in the amount of RUB 10.057 billion), the ‘Trading in the Russian Federation and Europe’ segment in the amount of RUB 2.268 billion, and the ‘Engineering in the Russian Federation’ segment in the amount of RUB 3.356 billion. % 3 46 20 19 13 18 44 15 –1 11
Share of Segment’s EBITDA in total, % 19 58 6 9 8 2 3 1 0 –6 100
Key financial and economic results of the Group in 2016 by segment Information was not subject to retrospective restatement due to implementation of IFRS 15 “Revenue from Contracts with Customers” and IFRS 16 “Leases”.
Indicator Supply Electric Power Generation in the Russian Federation Thermal Power Generation in the Russian Federation Trading Supply Engineering Corporate centre TOTAL
Russian Federation Inter RAO – Electricity Generation Group TGC-11 Bashkir Generation Russian Federation Armenia Georgia Moldova Kazakhstan Turkey Russian Federation
Revenue, RUB mln 564,238 156,576 30,131 53,476 81,025 11,879 4,850 15,356 8,926 (58,275) 868,182
Share of Segment’s revenue in total, % 65 18 3 6 9 1 1 2 1 –6 100
Operating expenses, including
Purchased electricity and capacity, RUB mln (300,114) (7,511) (2,522) (3,783) (63,928) (4,849) 54,967 (327,740)
Transmission fees, RUB mln (227,751) (8) (6,006) (1,138) (15) (234,918)
Fuel expenses, RUB mln (73,318) (12,606) (28,281) (954) (132) (11,545) 2,433 (124,403)
Share in (loss)/profit of joint ventures, RUB mln (13) 3,075 1,838 774 (59) 57 5,672
EBITDA, RUB mln 15,131 53,649 4,914 8,740 10,193 1,838 2,604 2,655 776 2,915 (257) (6,899) 96,259
Depreciation and amortization, RUB mln (2,175) (11,710) (1,740) (3,370) (193) (594) (350) (2) (1,638) (207) (925) (22,904)
Interest income, RUB mln 3,756 895 382 281 62 1 50 252 3,816 9,495
Interest expenses, RUB mln (1,708) (3,969) (779) (114) (210) (146) (221) (456) (101) 475 (7,229)
EBITDA margin, EBITDA margin was calculated excluding intersegment revenue of the ‘Supply in the Russian Federation’ segment in the amount of RUB 1.37 billion, the ‘Electric Power Generation in the Russian Federation’ segment in the amount of RUB 38.826 billion, the ‘Thermal Power Generation in the Russian Federation’ segment in the amount of RUB 13.346 billion (including TGC-11 in the amount of RUB 3.365 billion and Bashkir Generation in the amount of RUB 9.981 billion), the ‘Trading in the Russian Federation and Europe’ segment in the amount of RUB 1.631 billion, and the ‘Engineering in the Russian Federation’ segment in the amount of RUB 3.239 billion. % 3 46 18 20 13 22 55 19 –5 11
Share of Segment’s EBITDA in total, % 16 56 5 9 10 2 3 3 1 3 0 –8 100