2014 Annual report
RU

Level of payment for energy by consumers on the retail market

Accruals for delivered electricity and collection of electricity payments while the Company acted as a guaranteed supplier (indicators are in RUB million, including VAT)
Accrued Payment Accounts receivable Payment rate, %
2013 2014 2015Forecasted indicators are in line with the Company’s approved business plans for 2015. 2013 2014 2015Forecasted indicators are in line with the Company’s approved business plans for 2015. 2013 2014 2015Forecasted indicators are in line with the Company’s approved business plans for 2015. 2013 2014 2015Due to the loss of a function of a guaranteeng supplier in Murmansk region since February, 1, 2015, the Company collects accounts receivables due from clients under energy supply and electric energy sale and purchase agreements for the previously rendered energy sales services. Based upon the above-mentioned information the “Payment rate”indicator is not subject to calculation
Energosbyt, Kolenergo branch 8,697 9,753 1,206 7,015 8,388 3,644 1,700 3,069 631 81 86
Energosbyt, Novgorodenergo branch 2,743 2,536 174 13 227 53 39 93
Novgorodenergosbyt, Novgorodenergo branch 1,234 3,164 856 3,413 93 394 138 45 69 108
Total 12,674 12,917 1,206 10,407 11,975 3,750 2,321 3,260 716 82 93
Electricity Payment Rates on REMIn 2013-2014, JSC IDGC of the North-West performed functions of a guaranteeing supplier of electrical energy: from March 1, 2013 to December 31, 2014 in Murmansk region, from April 1, 2013 to December 31, 2013 and from October 1, 2013 to September 30, 2014 in Novgorod region. In 2015, JSC IDGC of the North-West performed power supply activities in Murmansk region until January 31. From February 1, 2015 the Company performs collection of receivables due from consumers for the electricity.

The receivables due from consumers for the electricity under electricity supply and REM sale and purchase agreements as at December 31, 2014 totaled RUB 3,260 million, including:

Planned figures for decrease in receivables due from consumers under electricity supply and energy sale and purchase agreements in 2015, mln roubles
Structure of accounts receivable
Consumer groups 2013 2014
total % of the total net output total % of the total net output
Industrial and equal consumers 149.03 6.42 102.83 3.15
Non-industrial consumers, including housing and utilities agencies 787.72 33.94 1,154.58 35.42
JSC Oboronenergosbyt 297.56 12.82 815.71 25.02
Ministry of Defense sites 1.67 0.07 13.26 0.41
Government-backed consumers (less Ministry of Defense) 121.50 5.24 69.09 2.12
Farming companies 59.33 2.56 52.77 1.62
Population (direct settlements) 162.89 7.02 153.45 4.71
Managing companies, HOAs, and home cooperatives etc 541.75 23.35 778.79 23.89
Other energy sale and supply companies 37.63 1.62 5.93 0.18
Losses (other TGCs) 161.52 6.96 113.34 3.48
Total 2,320.60 100.00 3,259.75 100.00

In order to reduce receivables, the Company jointly with executive authorities implemented an approved action plan developed jointly with law enforcement officers and handled debtors remotely (automatic calls, letters, or SMS notifications), applied debt restructuring procedures, and handled claims.

As at December 31, 2014, there were 732 claims worth RUB 1,304 million considered by the state court of arbitration.

A total 706 claims worth RUB 345 million are pending submission. Payments were made under 1,406 claims worth RUB 253 million.

A total of 4,856 requests for restraint mode were submitted and 865 actions were taken.

Decisions were made to the extent of claims fully or partially paid for with regard to 864 claims worth RUB 2,063 million.

The Company entered into 45 debt restructuring agreements.