OREANDA-NEWS.   The financial result of the Company following the outcome of the reporting period is profit amounting to 300 mln RUR.

IDGC of the North-West, JSC proceeds during the reporting period made 42.1 bln RUB inclusive of 29.7 bln RUB of proceeds from electric energy transmission and 10.8 bln RUB of proceeds from resale of electric energy and power.
The amount of proceed increased by 10.9 bln RUB as compared to the same period of the previous year. The main cause is appearance of proceeds from electric energy marketing in connection with the guaranteeing supplier status assigned to the Company.
Indices of the financial results report regarding the electric energy marketing operational segment:
Proceeds – 10,798 mln RUB
Prime cost – 9,594 mln RUB
including purchased electric energy and power – 6,436 mln RUB
Commercial expenses – 434 mln RUB.
Loans and credits account for a significant part in the long-term liabilities structure (80%, 13,953 mln RUB). The short-term liabilities structure distribution is as follows: payables – 63.8%, credits – 26.9%, estimated liabilities – 9%. The long-term credit portfolio increased by 3,324 mln RUB, the amount of short-term credits – by 2,758 mln RUB.
The credit portfolio increase is due to the necessity to provide for funding of receivables the growth whereof is conditioned by systematic defaults on the part of retail energy companies in the Arkhangelsk Region, Vologda Region and Republic of Karelia.
As of 31.12.2013, non-current assets (98.5% thereof represented by fixed assets) accounted for 73% in the company’s assets structure. Their book value increased by 2,647 mln RUB as compared to the end of the previous year which is due to implementation of investment programs.
The financial result of the Company following the outcome of the reporting period is profit amounting to 300 mln RUR. EBITDA (Earnings before Interest, Taxation, Depreciation & Amortisation) made 5,267 mln RUB.