Publication date: 21.03.18
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Unipro Publishes RAS Accounting Statements for 2017

Unipro PJSC publishes the accounting statements prepared according to the Russian Accounting Standards (RAS) for 2017.

Based on the results of 2017, Unipro PJSC revenue amounted to 79.1 bln roubles (-2.5 %, if compared to the indicators of 2016).

The higher performance indicators in the previous year were conditioned by operation of Power Unit No. 3 of Berezovskaya GRES in January 2016. The revenue decrease in 2017 was also driven by reduction in generation at the company’s power plants. However, the negative effect from the decrease in revenue was mitigated by a positive factor – increased capacity payments due to revision of prices under capacity supply agreements for CCGT power units.

In May 2017, Unipro PJSC received the final part of the insurance proceeds in the amount of 20 bln roubles and completed the insurance claim settlement process in relation to Power Unit No. 3 of Berezovskaya GRES.

Profit before tax for 2017 increased by 23.2 bln roubles year over year and made 36.8 bln roubles.

Financial Performance of Unipro PJSC for 2017 (RUB thousand)

 

2017

2016

Change

Revenue

79,135,977

81,129,577

-2.5%

Cost of sales

57,280,279

63,885,363

-10.3%

Profit before tax

36,763,583

13,582,658

-

Net profit

30,134,323

10,490,023

-