OREANDA-NEWS. Today JSC "MOESK" declares its financial results according to IFRS for year 2013. According to the consolidated reports the Company proceeds have grown by 3.03 % up to RUR 129.1 bln., EBITDA has increased by 2.12 % up to RUR 44.4 bln. The Group profit, following the results of year 2013, has amounted to RUR 19.5 bln., what is by 3.05 % higher than the figure for year 2012.

Group has achieved the positive financial results, mainly, due to the increase of "boiler" productive supply of electric power: the electric power supply growth by 2.96 % up to 71.4 bln. kWh has resulted in the proceeds increase from the electric power transmission by 10,67 % up to RUR 111.0 bln. The proceeds from the technological connection for year 2013 reduced by 26.30 % to RUR 16.9 bln. The proceeds reduction from rendering of the technological connection services is related with the statutory and regulatory enactments change, which regulate the technological connection activity. From 01.01.2011 the structure of the technological connection payment includes the expenditures only for construction of the electric grid facilities - from the existing electric grid facilities to the connected power receivers and (or) facilities of the electric-power industry. Earlier the structure of the technological connection payment accounted the expenditures for reconstruction of the feeding and distribution grid.

Operating expenses of the Group for year 2013 have grown by 4.11% up to RUR 106.8 bln., what is tied with the services cost increase of JSC "UES FGC" and Territorial Grid Organization, as well as with the growth of expenditures for the purchased electric power to compensate for losses.

Following the totals of the reporting period, according to the consolidated reports, JSC "MOESK" got the profit in the amount of RUR 19.5 bln., what is by 3.05 % higher than the figure for year 2012.

For reference only. Consolidated reports of the Group include the following subsidiary enterprises: JSC "Moskabel'set'montazh" (MKSM), JSC "Moskabel'energoremont" (MKER), JSC "Plant of repair of electrical machinery" (RETO), OJSC "Energocenter".