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RAS Statements: PJSC “Quadra – Power Generation’s” 2015 Revenue Has Grown 1.1% against Previous Period

PJSC “Quadra – Power Generation” has published statements based on the 2015 performance in accordance with Russian Accounting Standards (RAS). The statements show that the revenue of PJSC “Quadra – Power Generation” for the year ended amounted to RUR 42.1 billion, which is 1.1% more than in 2014 (RUR 41.6 billion).

At the same time, the total assets amounted to RUR 66.2 billion, which is RUR 1.1 billion, or 1.6% lower than this indicator at the beginning of the reporting period.

The sales cost decreased by 4.8% to RUR 37.0 billion (2014: RUR 38.8 billion.). Cost savings are associated with a reduction in fuel costs due to the decline in production of electricity and heat energy.

The sales profit increased to RUR 3.8 billion (2014: RUR 1.4 billion).

The net loss for 12 months of 2015 amounted to RUR 4.4 billion (2014: this figure amounted to RUR 3.9 billion). The loss increase is mainly due to an increase in allowance for doubtful receivables.

The total liabilities of PJSC “Quadra – Power Generation” at 31 December 2015 were RUR 39.1 billion (2014: RUR 35.8 billion). The debt growth is mainly due to an increase in accounts payable.