27.10.2015, 23:55
Total Assets of PJSC Inter RAO Increased by 2.5%
OREANDA-NEWS. Total assets of PJSC Inter RAO as of September 30, 2015 increased by 8.7 billion rubles (2.5%) to 362.1 billion rubles over a period of nine months. This increase in total assets is primarily attributable to current assets.
Current assets increased by 9.0 billion rubles (15.6%) in the first nine months of 2015 to 66.6 billion rubles as of September 30, 2015.
This increase is associated with several factors partially offsetting one another, including the increase in short-term financial investments by 22.7 billion rubles to 33.2 billion rubles (by a factor of 3.2 or 216.7%), the reduction of cash and cash equivalents by 10.3 billion rubles (44.6%) to 12.8 billion rubles, the reduction of short-term accounts receivable by 3.4 billion rubles (14.4%) to 20.0 billion rubles reflecting the decrease in current accounts receivable and the use of prepayment to pay for equipment supply under contractual obligations.
Non-current assets changed marginally from the beginning of the year to 295.5 billion rubles.
Total debt increased in the first nine months of 2015 by 4.7 billion rubles (51.6%) to 13.9 billion rubles as we took a short-term ruble loan and also due to greater exchange rate differences when revaluating the currency loan. Our debt portfolio consists entirely of short-term loans and borrowings. Net debt of PJSC Inter RAO as of September 30, 2015 was 12.2 billion rubles.
Total debt excluding loans and borrowings decreased by 2.7 billion rubles (20.1%) from the beginning of the year to 10.8 billion rubles as of September 30, 2015. This change is mostly attributable to the reduction of prepayments for power generation equipment sales to Venezuela.
Current assets increased by 9.0 billion rubles (15.6%) in the first nine months of 2015 to 66.6 billion rubles as of September 30, 2015.
This increase is associated with several factors partially offsetting one another, including the increase in short-term financial investments by 22.7 billion rubles to 33.2 billion rubles (by a factor of 3.2 or 216.7%), the reduction of cash and cash equivalents by 10.3 billion rubles (44.6%) to 12.8 billion rubles, the reduction of short-term accounts receivable by 3.4 billion rubles (14.4%) to 20.0 billion rubles reflecting the decrease in current accounts receivable and the use of prepayment to pay for equipment supply under contractual obligations.
Non-current assets changed marginally from the beginning of the year to 295.5 billion rubles.
Total debt increased in the first nine months of 2015 by 4.7 billion rubles (51.6%) to 13.9 billion rubles as we took a short-term ruble loan and also due to greater exchange rate differences when revaluating the currency loan. Our debt portfolio consists entirely of short-term loans and borrowings. Net debt of PJSC Inter RAO as of September 30, 2015 was 12.2 billion rubles.
Total debt excluding loans and borrowings decreased by 2.7 billion rubles (20.1%) from the beginning of the year to 10.8 billion rubles as of September 30, 2015. This change is mostly attributable to the reduction of prepayments for power generation equipment sales to Venezuela.
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