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8 800 220-0-220 Contact CenterMOESK has summed up the totals of the financial activities for 9 months of 2014
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05.11.2014
Today JSC "MOESK" declares the financial results on RAS for 9 months of 2014: the Company proceeds have achieved RUR 87,386 mln. , the prime cost has amounted to RUR 78,451 mln. , the net profit – RUR 3,894 mln.
Following the totals of 9 months of 2014, the proceeds of JSC "MOESK" have amounted to RUR 87,386 mln. In the reporting period, the proceeds from the electric power transmission have increased by 1. 1% and amounted to RUR 81,053 mln. The proceeds from the grid connection have amounted to RUR 5,802 mln. The proceeds reduction from the services rendering for the grid connection in relation to the similar period of year 2013 is related with a change of the statutory and regulatory enactments, regulating the activities for the grid connection.
Prime cost has amounted to RUR 78,451 mln. , including the prime cost of the electric power transmission - RUR 77,626 mln. , prime cost of the grid connection – RUR 606 mln. The prime cost growth of the services for electric power transmission is preconditioned, primarily, by an increase of the cost of the services of other grid organizations (municipal unitary enterprises, territorial grid organizations) and JSC "FGC UES", non-regulated on part of the Company.
For 9 months of the current year the Company has got other incomes in the amount of RUR 3,894 mln. , miscellaneous expenses of the Company for this period have amounted to RUR 4,129 mln. In the reporting period the negative balance reduction of miscellaneous incomes and expenses is specified in relation to the similar period of year 2013.
Indicator EBITDA for 9 months has amounted to RUR 24,799 mln. , the net profit of the Company has amounted to RUR 3,894 mln.
Financial results on RAS for 9 months
| in sequence | Indicator name | 9 months of 2014 | 9 months of 2013 | Change |
| 1. | Proceeds, RUR mln. incl. | 87,386 | 88,258 | (1. 0 %) |
- from electric power transmission, RUR mln. | 81,053 | 80,167 | 1. 1 % | |
- from grid connection, RUR mln. | 5,802 | 7,782 | (25. 5 %) | |
| 2. | Prime cost, RUR mln. | (78,451) | (71,557) | 9. 6 % |
- from electric power transmission, RUR mln. | (77,626) | (70,889) | 9. 5 % | |
- from grid connection, RUR mln. | (606) | (576) | 5. 2 % | |
| 3. | Gross profit, RUR mln. | 8,934 | 16,701 | (46. 5 %) |
| 4. | Profitability on gross profit, % | 10. 22 | 18. 92 | (8. 70 percentage points) |
| 5. | Miscellaneous incomes, RUR mln. | 3,894 | 4,431 | (12. 1 %) |
| 6. | Miscellaneous expenses, RUR mln. | (4,129) | (8,440) | (51. 1 %) |
| 7. | EBITDA, RUR mln. | 24,799 | 26,572 | -6. 7% |
| 8. | Profitability on EBITDA, % | 28. 4 | 30. 1 | -1. 7 percentage points |
| 9. | Net profit, RUR mln. | 3,894 | 7,629 | (49. 0 %) |
| 10. | Profitability on net profit, % | 4. 46 | 8. 64 | (4. 18 percentage points) |
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JSC "Moscow United Electric Grid Company" (JSC "MOESK") – is one of the largest distribution electric grid companies of Russia.
JSC "MOESK" provides the power supply of the most dynamically developing in the country Moscow region with the population of about 17 million people. The main types of company activities – are the services rendering for electric power transmission and grid connection of consumers to the electric grids in the territory of Moscow and Moscow Region.
Control packet of shares of JSC "MOESK" (51%) is owned by JSC "Russian Grids" (JSC "Rosseti").
Joint Stock Company "Russian Grids" – is the largest in Russia and in the world energy company, providing a transmission and distribution of electric power in the entire territory of the country. Length of the company's power transmission lines in the grid complex counts 2. 2 mln. km, the transformer capacity is more than 473 thousand substations - 743. 5 gigawatt.
Number of the personnel of the Group of companies "Rosseti" - is 221. 2 thousand people.
Property complex of JSC "Rosseti" includes 43 subsidiary and dependent companies, including 14 interregional and a trunk grid company. The controlling shareholder is the government in person of the Federal agency for the governmental property management of RF, possessing 85,3% stakes in the charter capital.
IR Division of JSC "MOESK"
Tel. :+7(495) 984-57-74