Financial Information - Group
Financial Indicators
Key financial statements of the RAO UES Group (IAS) (in millions of Russian roubles)
As the characteristics of the economic environment of the RF indicate that hyperinflation has ceased, effective from 1 January 2003 the Group no longer applies the provision of IAS 29. Accordingly, no monetary effects are recognized for the 12 months ended 31 December 2004.
|
Twelve months ended 31 December, 2004 |
Twelve months ended 31 December, 2003 |
Ñhange (Decrease)/Increase |
|
Revenues |
679 657 |
593 149 |
14,6 |
|
Electricity |
507 220 |
448 043 |
13,2 |
|
Heating |
114 908 |
100 117 |
14,8 |
|
Costs and other deductions |
599 563 |
528 672 |
13,4 |
|
Fuel expenses |
186 777 |
161 251 |
15,8 |
|
Purchased power |
76 017 |
70 312 |
8,1 |
|
Depreciation and amortization |
69 118 |
61 771 |
11,9 |
|
Repairs and maintenance |
45 732 |
41 936 |
9,1 |
|
Income from operations |
80 094 |
64 477 |
24,2 |
|
Income before profit tax and minority interest |
62 947 |
49 036 |
28,4 |
|
Total profit tax benefit (charge) |
(20 097) |
(24 754) |
18,8 |
|
Net Income |
31 949 |
26 983 |
18,4 |
|
EBITDA* |
154 060 |
124 712 |
23,5 |
|
EBITDA margin |
22,7% |
21% |
|
|
Operational margin |
11,8% |
10,9% |
|
|
Net margin |
4,7% |
4,5% |
|
|
Return on equity (ROE) |
5,2% |
4,6% |
|
|
Return on assets (ROA) |
2,8% |
2,2% |
|
* EBITDA is adjusted by the Doubtful debtors expense / (release).
|
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