Чистая прибыль ОАО «ТГК-1» по РСБУ за 2014 год увеличилась на 8%
JSC TGC-1 is publishing Annual Audited Accounting (Financial) Statements 2014 prepared in accordance with RAS (Russian Accounting Standards).
KPI of Profit and Loss Statement (RUB mln) | 2014 | 2013 |
|---|---|---|
Revenue | 65,172.9 | 67,472.0 |
Cost of sales | (59,445.1) | (61,056.9) |
Gross profit | 5,727.9 | 6,415.1 |
EBITDA* | 12,870.6 | 13,483.7 |
Net profit | 3,475.1 | 3,218.1 |
* EBITDA = earnings before taxes - interest receivable + interest payable – earnings due to equity participation in other companies) + amortisation
In 2014, total company revenue was RUB 65,172.9 mln, a decrease of 3.4 % against the same figure in 2013, which was caused by general decline in electricity consumption and low water levels during 1th-3rd Quarters 2014.
The cost of sales dropped 2.6% to RUB 59,445.1 mln, which resulted from reduction of electricity and heat output, and enhancement of production capacities in favour of new and more efficient ones. Full-Year 2014 output of the new power-generating units increased 6.2 % to 6,684 mln kWh.
The TGC-1 gross profit fell 10.7 % to RUB 5,727.9 mln in 2014 as a result of a decreasing demand for electricity in the day-ahead market and reduced heat consumption in 1st Quarter 2014. EBITDA was down 4.5 %.
Full-Year 2014 net profit grew 8 % against last year’s figure and totalled RUB 3,475.1 mln due to reduction of inefficient power generation, sale of non-core assets and a decrease of income tax rate to 17.2 %.