Publication date: 17.03.15
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E.ON Russia Publishes IFRS Financial Results for 2014

E.ON Russia discloses the audited consolidated financial statements prepared according to the International Financial Reporting Standards (IFRS) for 2014.

The Company revenue remained at the level of last year and made RUB 77.7 bln.

EBITDA* made RUB 26.2 bln (-10 % as compared to 2013).

EBITDA decrease was due to margin reduction: in particular, the indicators were influenced by the results of KOM in Siberia in 2014 (Berezovskaya GRES), decrease in power generation (inter alia, due to the CCGT scheduled repairs), which was only partially compensated by electric power prices growth.

Underlying Net Income*** for 2014 according to the IFRS made RUB 17.1 bln.

Main performance indicators of E.ON Russia according to the IFRS for 2014 (thousand rubles):

Indicator

 

2014

2013.

Dynamics

Revenue

 

77 693 134

78 780 504

-1%

Operating expenses

 

59 292 138

63 878 191

-7%

EBITDA*

 

26 167 965

29 094 902

-10%

EBIT**

 

19 237 117

19 178 454

0%

Underlying net income***

 

17 058 075

17 183 893

0%

 

* EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization.

** EBIT: Earnings Before Interest and Taxes.

*** Underlying net income: Earnings for the Period Adjusted for the One-Time Effect of Impairment.