2014 Annual report


Dynamics of change of the actual revenue in 2010-2014
Name of the indicator, RUB million 2010 2011 2012 2013 2014
Electricity transmission revenue 25,346 29,486 29,276 29,650 31,343
TC revenue 668 884 1,412 955 882
Electricity transmission revenue 0 0 0 10,799 11,017
Revenue from other activities 655 479 481 646 1,020
Total 26,669 30,849 31,169 42,050 44,262

In 2014, the total revenue of JSC IDGC of the North-West amounted to RUB 44,262 million, which is a RUB 2,212 million or 5.3% increase in comparison with 2013.

At the same time, the revenue from electricity transfer amounted to RUB 31,343 million (according to accounting data) and increased by RUB 1,693 million or 5.7% in comparison with the actual amount in the previous period.

In 2014, the Company’s revenue for the rendered electricity transfer services including the ‘internal service’ amounted to RUB 32,759 million, which is a RUB 1,190 million or 3.8% increase in comparison with the actual amount in the previous period. The significant change of the revenue for electricity transfer services was due to the following factors:

The decrease in revenues from electricity transmission services as of 2014 compared to 2013 is non-uniform for the regions of JSC IDGC of the North-West responsibility area. The greatest increase of the electricity transfer revenue was recorded at Arkhenergo branch (+ RUB 318 million) and Karelenergo (+ RUB 334 million). The differences in the dynamics of revenue from the main business are due to the non-uniformity of changes of the average tariff by the regions of presence.

JSC IDGC of the North-West was engaged in the energy sale business in the following regions:

Therefore, the difference of sales revenue in 2013 and 2014 was due to the different duration of the time when the Company acted as guaranteed supplier in these periods.

The revenue from other activities increased by RUB 374 million or 58% in comparison with the actual amount of 2013, which is due to the transfer of energy facilities in the branches of Vologdaenergo (RUB 125 million), Komienergo (RUB 169 million), and Arkhenergo (RUB 182 million); and the growth of the amount of services on the forward market operating and technical maintenance and repair of electric grid equipment and increase of the revenue from property lease and provision of property for fiber optic lines.

Dynamics of sales revenue, RUB mln
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