Publication date: 28.10.15
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E.ON Russia publishes RAS Accounting Statements for 9 months of 2015

E.ON Russia publishes accounting statements prepared according to the Russian Accounting Standards (RAS) for the nine months of 2015.

Financial performance of E.ON Russia JSC for nine months of 2015 (RUB thousand)

 

9 months 2015

9 months 2014

 

Dynamics

Revenue

53 871 257

58 066 750

 

- 7,2%

 

Cost of sales

 

43 747 968

 

44 127 506

 

 

- 0,9%

Profit before tax

11 470 984

16 225 932

 

- 29,3%

Net profit

9 167 380

13 341 953

 

- 31,3%

 

Reduction in revenue is due to reduction of the electrical power generation in 2015 influenced by changings in the balance situation in United Energy System of Russia. Rescheduling of maintenance works influenced on the reduction of the electrical power generation as well.

The main reason of the costs of sales reduction is decrease in the electrical power generation and cut-down in fuel expenses.

As a result of the effects mentioned above and due to the penalty charging for the rescheduling of Unit № 3 commissioning at Berezovskaya GRES, E.ON Russia’s net profit has decreased by 31.3 % compared to indicators of 2014.