01.12.2015, 00:52
Non-current assets Inter RAO reduced by 4.1 billion rubles
OREANDA-NEWS. Non-current assets Inter RAO Group’s reduced by 4.1 billion rubles (1.1%) to 361.0 billion rubles.
The reduction of non-current assets is attributable to reduction of the Group's investments in Ekibastuzskaya TPP-2 joint venture caused by the depreciation of tenge, and to the sales of minority ownership shares classified as available for sale, with capital expenditures not significantly exceeding the depreciation of fixed and intangible assets in the reporting period.
Current assets reduced by 0.3 billion rubles (0.1%) to 220.1 billion rubles.
The minor change in current assets is attributable to several factors partially offsetting each other. Inter RAO Group's cash spending of 17.4 billion rubles to pay the ZAO Mezhregionenergostroy loan (including the amounts due to VTB Factoring) was partially offset by accumulation of cash flow from operating activities in the Group's bank accounts.
Equity increased by 17.2 billion rubles (4.9%) to 365.5 billion rubles. The largest contributor to equity increase is the retained earnings for the first 9 months of 2015.
Total liabilities decreased by 21.7 billion rubles (9.1%) to 215.6 billion rubles.
This reduction in total liabilities mostly reflects the repayment of CJSC Mezhregionenergostroy loan, and the seasonal reduction in accounts payable and consumer prepayments.
Total debt inclusive of the Group's share of the debt of joint ventures reduced by 8.7% to 107.1 billion rubles.
Total loans and borrowings of Group subsidiaries, excluding the Group's share of the debt of joint ventures, decreased by 10.6 billion rubles (9.9%) to 96.5 billion rubles due to scheduled and early repayment of certain debt items of several Group companies, which were partially offset by revaluation of foreign currency loans following the depreciation of Russian ruble.
The reduction of non-current assets is attributable to reduction of the Group's investments in Ekibastuzskaya TPP-2 joint venture caused by the depreciation of tenge, and to the sales of minority ownership shares classified as available for sale, with capital expenditures not significantly exceeding the depreciation of fixed and intangible assets in the reporting period.
Current assets reduced by 0.3 billion rubles (0.1%) to 220.1 billion rubles.
The minor change in current assets is attributable to several factors partially offsetting each other. Inter RAO Group's cash spending of 17.4 billion rubles to pay the ZAO Mezhregionenergostroy loan (including the amounts due to VTB Factoring) was partially offset by accumulation of cash flow from operating activities in the Group's bank accounts.
Equity increased by 17.2 billion rubles (4.9%) to 365.5 billion rubles. The largest contributor to equity increase is the retained earnings for the first 9 months of 2015.
Total liabilities decreased by 21.7 billion rubles (9.1%) to 215.6 billion rubles.
This reduction in total liabilities mostly reflects the repayment of CJSC Mezhregionenergostroy loan, and the seasonal reduction in accounts payable and consumer prepayments.
Total debt inclusive of the Group's share of the debt of joint ventures reduced by 8.7% to 107.1 billion rubles.
Total loans and borrowings of Group subsidiaries, excluding the Group's share of the debt of joint ventures, decreased by 10.6 billion rubles (9.9%) to 96.5 billion rubles due to scheduled and early repayment of certain debt items of several Group companies, which were partially offset by revaluation of foreign currency loans following the depreciation of Russian ruble.
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