Unipro Publishes the RAS Accounting Statements for 2016
Unipro PJSC publishes the financial statements for 2016 prepared in accordance with the Russian Accounting Standards (RAS).
The Company’s revenue for 2016 increased by 3.2% and totalled RUB 81.1 bn.
The net profit of Unipro in 2016 decreased by 32.5% compared to the indicators of the previous year and amounted to RUB 10.5 bn.
The main factor that caused the decrease of the company’s profit in 2016, compared to the previous year was the reflection of the disposal of assets damaged as a result of the accident at Power Unit No. 3 of Berezovskaya GRES. Unipro’s profit decrease was partially compensated by insurance payments received in 2016.
Without this factor, the net profit of Unipro would have been higher than the corresponding indicator of the previous year.
Financial Performance of Unipro PJSC for 2016 (RUB thousand)
|
2016 |
2015 |
Dynamics |
|
|
Revenue |
81,129,577 |
78,618,786 |
3.2 % |
|
Cost of sales |
63,885,363 |
60,664,553 |
5.3 % |
|
Profit before taxes |
13,582,658 |
19,770,391 |
-31.3% |
|
Net profit |
10,490,023 |
15,545,745 |
-32.5 % |
Power Unit 3 of Berezovskaya GRES was removed out of service on 1 February 2016 for the purpose of repairs and will be fully reconstructed at the expense of the company. Unipro does not expect receipt of the payments for capacity by Power Unit No. 3 of Berezovskaya GRES under the CSA in 2018. In 2016, Unipro received the first insurance payments in the amount of about RUB 6bn, the company expects receipt of the remaining part of the payments during 2017 (about RUB 20 bn).