Analyst manual


Macroeconomics

  Unit 2011A 2012A 2013А 2014A 2015А 2016A 2017A 2018A 2019A 2020A 2021F 2022F 2023F 2024F
General indicators                              
GDP YoY % 4,3 3,7 1,8 0,7 -2,3 0,3 1,6 2,3 1,3 -3,1 3,1 3,2 3,3 3,3
CPI YoY % 6,1 5,1 6,8 7,8 15,5 7,1 3,7 4,3 3,0 2,7 4,0 4,0 4,0 4,0
IPI YoY % 5,0 3,4 0,4 2,5 -0,8 2,2 2,1 2,9 2,3 -2,9 2,6 2,9 3,0 3,1
Electricity/Heat prices                              
Regulated transmission tarriffs                                 
Indexation rate     % - 11,0 10,0 - 7,5 7.5 3,0 3,0 3,0 3,0 3,0 3,0 3,0 3,0
Regulated electricity tariffs for households**                              
Indexation rate     % - 6,0 12,8 4,2 8,5 7,5 5,0 5,0 3,3 5,0 5,0 5,0 5,0 5,0

Source: Ministry of Economic Development of the Russian Federation; Federal State Statistics Service.
** Since January 1, 2019, tariffs for the population are calculated based on 20% VAT


Shareholder capital of «Rosseti Lenenergo», PSJC, RUB *

  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Ordinary shares 926 021 679 926 021 679 1 135 061 313 1 135 061 313 1 658 814 839 1 658 814 839 1 658 814 839 8 617 049 631 8 617 049 631 8 617 049 631     8 617 049 631  
Preferred shares 93 264 311 93 264 311 93 264 311 93 264 311 93 264 311 93 264 311 93 264 311 93 264 311 93 264 311 93 264 311 93 264 311
TOTAL 1 019 285 990 1 019 285 990 1 228 325 624 1 228 325 624 1 752 079 150 1 752 079 150 1 752 079 150 8 710 313 942 8 710 313 942 8 710 313 942 8 710 313 942
Notes: Treasury securities  
Ordinary shares                   57 825 152 57 825 152**
Preferred shares                   210 210**

The nominal value of each ordinary and preferred share is 1 ruble.

* Information is presented on December 31 of each year.

** Treasury shares were sold on June 21, 2021 in favor of Energotrans LLC

Structure of share capital,% of the authorized capital of the last closing date of the register 05.05.2020

Share price quotes of «Rosseti Lenenergo», PJSC

Quotation Lists
Moscow Exchange Level 3
Tickers
Ordinary shares LSNG
Preferred shares LSNGP

Quotes of ordinary shares of «Rosseti Lenenergo», PSJC on the Moscow Exchange, rubles *

  2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
1Q                              
Minimum 19,80 36,10 39,70 7,05 24,94 23,12 10,04 5,85 2,21 1,70 2,15 4,39 4,76 5,21 4,63
Maximum 23,50 51,36 50,20 14,97 34,53 27,15 11,21 6,10 2,28 3,00 3,35 5,94 5,96 6,00 7,32
Closing 20,00 45,50 41,80 9,25 33,74 24,23 10,42 5,95 2,24 2,29 3,11 5,02 5,67 5,94 5,66
2Q                              
Minimum 15,00 34,50 37,00 9,05 22,62 16,91 6,57 4,58 2,70 2,14 2,68 3,76 5,21 5,40 5,81
Maximum 18,00 47,50 45,00 20,79 35,21 24,19 10,82 4,58 2,90 4,25 3,48 5,40 6,95 6,34 7,19
Closing 15,00 44,20 45,00 16,60 22,62 16,91 6,61 4,58 2,90 2,90 2,90 4,51 5,80 5,73 6,01
3Q                              
Minimum 14,50 36,25 35,00 16,91 21,53 12,71 5,47 3,19 2,38 1,58 2,85 4,40 4,50 5,59 4,50
Maximum 20,50 45,00 47,00 25,01 23,79 13,00 7,33 3,33 2,58 3,05 5,90 6,20 6,90 5,95 6,18
Closing 20,50 36,25 35,00 25,01 23,57 13,00 6,99 3,24 2,43 2,64 5,44 5,59 6,30 5,72 5,58
4Q                              
Minimum 21,00 30,00 12,01 23,15 23,61 9,84 6,50 2,32 1,75 2,23 2,15 4,50 5,00 6,51 4,71
Maximum 54,00 49,49 39,00 29,06 27,11 14,38 6,62 2,50 1,88 3,18 6,25 5,95 6,41 7,50 5,91
Closing 46,00 45,75 13,13 23,28 25,95 9,84 6,55 2,32 1,75 2,28 5,51 4,80 5,30 7,04 5,31

Quotations of preferred shares of «Rosseti Lenenergo», PSJC on the Moscow Exchange, rubles *

  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
1Q                      
Minimum 22,20 35,94 22,36 12,71 13,55 9,95 11,60 43,70 80,40 92,72 112,40
Maximum 28,64 46,82 26,32 13,40 13,95 13,15 14,65 59,00 108,50 107,85 153,50
Closing 28,64 45,95 23,41 13,03 13,95 10,20 14,50 46,50 100,85 97,60 119,95
2Q                      
Minimum 25,32 36,22 16,48 11,80 14,93 9,25 13,80 40,00 93,30 95,75 131,95
Maximum 35,43 46,16 23,99 12,00 15,00 17,00 16,35 63,90 122,00 114,80 175,50
Closing 25,896 36,79 17,02 12,00 15,00 11,90 15,05 52,50 98,00 101,55 154,60
3Q                      
Minimum 24,54 21,44 15,27 11,78 14,30 10,30 15,10 51,65 82,25 101,00 146,05
Maximum 31,39 37,26 19,50 12,00 14,62 12,95 46,95 72,90 104,50 121,40 162,30
Closing 31,393 21,44 18,30 11,78 14,62 12,10 43,90 71,95 93,35 118,85 152,75
4Q                      
Minimum 31,31 20,50 17,50 11,18 10,70 11,55 11,60 70,80 86,70 117,30 142,65
Maximum 36,63 28,82 17,66 11,40 12,25 14,90 51,10 93,00 99,25 129,80 155,90
Closing 35,82 21,74 17,60 11,37 11,20 11,85 45,40 81,40 94,10 122,30 152,80

Capitalization of «Rosseti Lenenergo», PSJC on the Moscow Exchange, mln rubles **

  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Total 27 372 11 139 7 759 3 741 3 040 4 900 13 335 48 554 53 681 71 617 58 840

* Information is provided on the last date of each reporting period.
** the calculation was made on the basis of the weighted cost of the shares on the last trading day of the reporting period

Consolidated statement of financial position (IFRS), thousand rubles

  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
ASSETS                      
Non-current assets                      
Total non-current assets 87 010 268 84 957 528 88 156 884 102 239 241 117 970 197 197 892 022 215 966 607 220 305 881 190 432 992 199 196 363 209 000 917
Current assets                      
Cash and cash equivalents 653 068 7 108 538 3 513 622 3 719 455 1 511 558 26 146 040 10 368 058 3 422 416 6 357 421 8 301 946 1 865 793
Total current assets 6 372 076 11 993 493 11 235 723 18 605 357 17 198 623 41 949 364 21 245 357 14 297 670 15 389 599 15 264 758 10 475 345
TOTAL ASSETS 93 382 344 96 951 021 99 392 607 120 844 598 135 168 820 239 841 386 237 211 964 234 603 551 205 822 591 214 461 121 219 476 262
CAPITAL AND LIABILITIES                      
Total capital due to the owners of the Company 49 937 441 42 472 514 43 458 357 49 428 312 43 388 974 140 259 771 147 469 816 149 288 259 129 745 467 138 161 582 144 966 386
Non-controlling interest 23 542 30 777 28 994 36 666 48 254 190 193 236 369 195 433 214 983 213 731 -
Total equity 49 960 983 42 503 291 43 487 351 49 464 978 43 437 228 140 449 964 147 706 185 149 483 692 129 960 450 138 375 313 144 966 386
long term duties                      
Total long-term liabilities 14 124 851 21 028 081 20 637 699 29 401 987 48 180 390 27 617 891 23 450 208 25 905 000 31 981 030 19 042 503 28 116 340
Short-term liabilities 5 331 912 3 050 734 2 356 515 2 477 749 1 124 510 12 960 487 14 473 837 13 091 727 5 902 284 4 652 087 810 369
Total long-term liabilities 21 924 041 29 412 971 25 337 885 34 700 301 53 460 677 46 835 168 45 962 485 42 407 304 42 435 989 30 381 625 35 202 119
Short-term liabilities                      
Short-term portion of long-term loans and borrowings 1 566 041 6 549 305 7 153 301 3 981 776 1 589 261 13 356 748 11 077 971 11 019 601 2 556 821 11 634 164 3 281 283
Total current liabilities 21 497 320 25 034 759 30 567 371 36 679 319 38 270 915 52 556 254 43 543 294 42 712 555 33 426 152 45 704 183 39 307 757
Total liabilities 43 421 361 54 447 730 55 905 256 71 379 620 91 731 592 99 391 422 89 505 779 85 119 859 75 862 141 76 085 808 74 509 876
Total equity and liabilities 93 382 344 96 951 021 99 392 607 120 844 598 135 168 820 239 841 386 237 211 964 234 603 551 205 822 591 214 461 121 219 476 262

* The data are based on retrospective data correction.


Consolidated Profit and Loss Statement (IFRS), thousand rubles

  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                       
Revenue 28 573 575 32 256 795 33 134 547 37 323 292 41 601 308 39 026 745 66 207 886 77 653 351 77 989 911 82 665 269 82 707 517
Operating expenses 7 132 784 753 652 2 481 625 6 315 667 6 085 401 5 924 797 10 437 340 12 482 157 16 171 079 17 214 143 16 606 617
Financial income 774 127 61 484 302 468 667 441 1 408 601 1 184 145 2 831 487 825 447 584 443 971 166 412 776
Financial expenses (1 579 556) (1 659 844) (2 175 395) (2 681 842) (12 228 099) (5 224 542) (4 577 980) (3 465 471) (2 688 671) (2 802 070) (2 110 966)
Profit before tax 6 257 214 (844 708) 608 698 4 301 266 (4 734 097) 1 884 400 8 690 847 9 842 133 14 066 851 15 383 239 14 908 427
EBITDA 7 062 643 753 652 2 481 625 6 315 667 6 085 401 5 924 797 10 437 340 12 482 157 28 406 482 34 148 913 34 928 663
Net profit 4 750 421 (943 276) 237 913 3 280 810 (4 215 483) 143 545 7 702 883 7 752 607 10 600 488 11 960 743 12 003 540
Related to:                      
Company Owners 4 746 691 (950 511) 239 696 3 273 138 (4 227 071) 148 463 7 656 707 7 793 543 10 580 938 11 961 995 12 004 739
Holders of non-controlling interests 3 730 7 235 (1 783) 7 672 11 588 (4 918) 46 176 (40 936) 19 550 (1 252) (1 199)
Earnings per preferred share - basic and diluted (in rubles) 4,66 (0,93) 1,52 2,42 (2,49) 0,08 0,89 0,91 1,23 1,39 1,40
Amortization 4 430 867 4 812 663 4 216 055 3 919 750 4 826 542 5 857 738 13 506 164 12 951 063 11 941 423 12 091 789 13 317 917

* The data are based on retrospective data correction.
** Since 2018, EBITDA is calculated in the reporting section “Information by segments”

Financial ratios of «Rosseti Lenenergo», PJSC (IFRS)

  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Market capitalization, mln rub 27 372 11 139 7 759 3 741 3 040 4 900 13 335 48 554 53 681 71 617 58 840
Net debt, mln rub 15 038 20 469 24 277 29 664 48 258 14 829 24 160 33 502 28 180 22 375 29 532
EV, mln rub 42 386 31 577 32 007 33 369 51 250 19 538 37 259 81 861 81 646 93 778 88 372
EV/EBITDA 6,00 41,90 12,90 5,28 8,42 3,30 3,57 6,56 2,87 2,75 2,53
                       
Enterprise value to Sales                      
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
EV, mln rub 42 386 31 577 32 007 33 369 51 250 19 538 37 259 81 861 81 646 93 778 88 372
Sales, mln rub 28 574 32 257 33 135 37 323 41 601 39 027 66 208 77 653 77 990 82 665 82 708
EV/S 1,48 0,98 0,97 0,89 1,23 0,50 0,56 1,05 1,05 1,13 1,07
                       
Price to earnings                      
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Share price, rub 25,95 9,84 6,55 2,32 1,75 2,28 5,51 4,80 5,30 7,04 5,31
Basic EPS, rub 4,66 -0,93 1,52 2,42 -2,49 0,08 0,89 0,91 1,23 1,39 1,4
P/E 5,57 -10,58 4,31 0,96 -0,70 28,50 6,19 5,27 4,31 5,06 3,79
                       
Market capitalizatopn to sales                      
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Market capitalization, mln rub 27 372 11 139 7 759 3 741 3 040 4 900 13 335 48 554 53 681 71 617 58 840
Sales, mln rub 28 574 32 257 33 135 37 323 41 601 39 027 66 208 77 653 77 990 82 665 82 708
P/S 0,96 0,35 0,23 0,10 0,07 0,13 0,20 0,63 0,69 0,87 0,71
                       
Market capitalization to book value                      
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Market capitalization, mln rub. 27 372 11 139 7 759 3 741 3 040 4 900 13 335 48 554 53 681 71 617 58 840
Book value, mln rub. 93 382 96 951 99 393 120 845 135 169 239 841 237 212 234 604 205 823 214 461 219 476
P/B 0,29 0,11 0,08 0,03 0,02 0,02 0,06 0,21 0,26 0,33 0,27

Operational data of «Rosseti Lenenergo», PJSC

The main operational indicators of «Rosseti Lenenergo», PJSC 
  Units 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020**
Installed Power МВА 20 741 21 427 21 952 23 059 23 951 24 321 24 977 26 677 27 808 28 924 33 176
0.4-110 kW overhead lines on the highway км 36 274 36 587 36 859 37 214 38 396 38 945 40 053 41 089 41 718 42 101 45 368
0.4-110 kW overhead lines, by chains км 39 419 39 783 40 053 40 408 41 835 42 181 43 348 44 398 45 213 45 419 48 694
0.4-110 kW cable lines  км 18 622 19 554 20 400 21 259 21 557 22 161 22 498 23 160 23 829 24 095 29 536
SS 35-110 kW шт 372 373 377 379 379 386 386 396 396 401 419
SS 35-110 kW МВА 13 466 13 742 13 969 14 570 14 692 14 894 15 168 15 979 16 368 16 872 18 742
TS 6-35 kW шт 14 361 14 770 15 025 15 531 16 233 16 564 17 765 18 479 19 440 20 604 23 992
TS 6-35 kW  МВА 7 275 7 686 7 983 8 490 9 259 9 427 9 810 10 698 11 439 12 052 14 433
                         
Composition of electrical networks for equipment
  Units 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
SS у.е. 83 640 85 963 87 352 89 990 90 524 93 642 94 252 98 640 100 519 103 580          112 268  
TP у.е. 156 362 168 927 175 634 185 679 197 438 203 697 214 252 222 102 232 134 241 527          292 093  
0.4-110 kW overhead lines on the highway у.е. 39 063 39 585 39 986 40 766 43 025 44 012 45 869 47 531 49 186 49 641             54 990  
35-110 kW overhead lines on the highway у.е. 10 886 11 077 11 085 11 096 11 219 11 276 11 358 11 401 11 180 10 988             11 019  
0.4-110 kW cable lines  у.е. 64 121 67 291 70 334 73 835 75 221 77 545 78 848 81 543 84 369 84 936          104 945  
TOTAL у.е. * 354 073 372 843 384 392 401 366 417 428 430 172 444 580 461 218 477 387 490 672 575 315
 * Excluding DGS, SDTU                        
                         
Composition of electrical networks by voltage class
  Units 2010 2 011 2012 2013 2014 2015 2016 2017 2018 2019 2020
110 kW у.е. 45 106 45 925 45 983 48 137 48 042 49 033 49 256 51 251 52 020 52 518             57 860  
35 kW у.е. 25 466 25 596 26 034 25 874 25 962 26 656 26 734 27 429 27 561 27 750             28 422  
1-20 kW у.е. 248 692 265 321 276 057 290 237 304 465 313 933 326 434 338 997 352 693 364 758          435 060  
up to 1 kW у.е. 34 808 36 001 36 318 37 118 38 959 40 550 42 156 43 541 45 113 45 646             53 972  
TOTAL у.е. * 354 073 372 843 384 392 401 366 417 428 430 172 444 580 461 217 477 387 490 672 575 315
 * Excluding DGS, SDTU
                         
** by analogy with the data available in the table for previous reporting periods, data at the end of 2020 are indicated only for equipment and power lines owned

Energy transmission of «Rosseti Lenenergo», PJSC

Network supply, mln KWh
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
"Rosseti Lenenergo", PJSC, incl. 33 496 33 460 34 514 33 945 33 248 33 401 34 160 34 791 35 558 35 465 34 210
St. Petersburg 21 244 21 297 21 811 21 730 20 982 20 961 21 484 21 826 22 204 21 942 20 716
Leningrad region 12 252 12 163 12 703 12 215 12 265 12 441 12 676 12 965 13 355 13 523 13 494
                       
Network losses, mln KWh
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
«Rosseti Lenenergo», PJSC, incl. 29 909 29 914 30 935 30 514 29 570 29 316 30 220 30 598 31 396 31 497 30 363
St. Petersburg 18 931 18 962 19 477 19 460 18 646 18 252 18 874 18 999 19 416 19 289 18 140
Leningrad region 10 978 10 952 11 458 11 054 10 924 11 065 11 346 11 599 11 981 12 208 12 223
                       
Effective supply, mln KWh
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
«Rosseti Lenenergo», PJSC, incl. 29 095 28 975 30 007 29 613 28 680 28 249 29 007 29 669 30 560 30 625 29 580
St. Petersburg 18 626 18 539 19 104 19 083 18 152 17 749 18 245 18 657 19 164 19 036 17 966
Leningrad region 10 469 10 436 10 903 10 530 10 528 10 500 10 763 11 012 11 396 11 589 11 614
                       
Total losses, mln kWh                      
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
«Rosseti Lenenergo», PJSC, incl. 4 401 4 485 4 507 4 332 4 568 5 152 3 940 5 122 4 998 4 839 4 630
St. Petersburg 2 618 2 758 2 707 2 647 2 831 3 212 2 610 3 169 3 040 2 905 2 750
Leningrad region 1 783 1 727 1 800 1 685 1 737 1 940 1 330 1 953 1 959 1 934 1 880
                       
Total losses,%                      
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
«Rosseti Lenenergo», PJSC, incl. 13,14 13,40 13,06 12,76 13,74 15,42 0,12 14,72 14,06 13,65 13,53
St. Petersburg 12,32 12,95 12,41 12,18 13,49 15,32 0,12 14,52 13,69 13,24 13,28
Leningrad region 14,55 14,20 14,17 13,79 14,16 15,59 0,10 15,07 14,67 14,30 13,93
                       
Network losses of «Rosseti Lenenergo», PJSC, mln kWh
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
«Rosseti Lenenergo», PJSC, incl. 3 587 3 546 3 579 3 431 3 677 4 085 3 940 4 193 4 162 3 967 3 847
St. Petersburg 2 313 2 335 2 334 2 270 2 336 2 709 2 610 2 828 2 788 2 652 2 577
Leningrad region 1 273 1 211 1 245 1 161 1 341 1 376 1 330 1 366 1 374 1 315 1 271
                       
Network losses of «Rosseti Lenenergo», PJSC, %
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
«Rosseti Lenenergo», PJSC, incl. 10,71 10,60 10,37 10,11  11,06 12,23 11,53 12,05 11,71 11,19 11,25
St. Petersburg 10,89 10,97 10,7 10,45  11,13 12,92 12,15 12,95 12,56 12,09 12,44
Leningrad region 10,39 9,96 9,8 9,51  10,94 11,06 10,49 10,53 10,29 9,72 9,42

Investment program of «Rosseti Lenenergo», PJSC

Implementation of the investment program in St. Petersburg
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Disbursement, mln rub without VAT       12 574   10 829 11 515 13 158 15 608 5 091 12 664 19 871 14 856 18 790 22 947
Input FA, mln rub       11 328   11 246 12 424 14 355 16 042 2 619 9 891 18 069 15 923 18 237 23 224
Financing, mln rub VAT included       12 704   11 446 12 337 13 940 16 858 8 776 15 892 27 046 18 913 23 565 25 285
MVA power input             704   623 1409 603 753 158 449 1 159 515 763 814
Capacity input km             995   935 716 764 836 218 528 684 656 579 692
                       
Implementation of the investment program in the Leningrad region
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Disbursement, mln rub without VAT          3 239   4 232 3 376 5 570 7 803 1 650 9 546 8 332 5 866 7 345 8 619
Input FA, mln rub          2 421   5 077 3 651 4 299 8 272 1 067 5 273 10 714 7 342 5 760 9 480
Financing, mln rub VAT included          3 724   4 101 3 663 5 405 8 320 4 368 11 726 8 409 7 036 9 003 11 498
MVA power input             228   372 502 304 697 53 394 1 171 515 315 678
Capacity input km             512   778 864 1082 1 654 234 1 619 1 452 1 244 1 715 2 101
                       
Implementation of the investment program of "Rosseti Lenenergo", PJSC
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Disbursement, mln rub without VAT 15 813 15 061 14 891 18 729 23 411 6 741 22 210 28 203 20 722 26 135 31 566
Input FA, mln rub 13 750 16 323 16 075 18 653 24 314 3 685 15 165 28 783 23 265 23 997 32 704
Financing, mln rub VAT included 16 428 15 547 16 000 19 345 25 178 13 145 27 617 35 454 25 949 32 568 36 783
MVA power input 932 996 1 911 907 1 450 211 844 2 329 1 031 1 078 1 492
Capacity input km 1 508 1 713 1 581 1 846 2 490 452 2 147 2 136 1 900 2 294 2 793

Key parameters of the long-term Investment Program, approved by order of the Ministry of Energy of Russia as of 29.12.2020 No. 31@

Key parameters of the long-term Investment Program of «Rosseti Lenenergo», PJSC
  2021 2022 2023 2024 2025
Capital investments, mln rub. without VAT 37 251 26 989 26 683 26 493 29 582
Input FA, mln rub 31 557 28 882 26 785 33 513 28 572
Financing, mln rub VAT included 38 214 32 770 33 777 33 764 37 918
MBA power input 1 116 1 252 492 323 270
Input of power lines, km 1 341 1 074 1 011 1 761 1 543
           
           
Financing by region
           
St. Petersburg
  2021 2022 2023 2024 2025
Capital investments, mln rub without VAT 31 067 21 744 21 386 20 027 23 224
Input FA, mln rub 25 138 22 974 20 990 27 313 22 075
Financing, mln rub VAT included 31 691 26 046 27 202 24 702 28 995
MBA power input 784 1 061 342 203 115
Input of power lines, km 489 367 373 1 080 623
           
Leningrad region
  2021 2022 2023 2024 2025
Capital investments, mln rub without VAT 6 184 5 245 5 297 6 466 6 358
Input FA, mln rub 6 419 5 908 5 795 6 200 6 497
Financing, mln rub VAT included 6 523 6 724 6 575 9 062 8 923
MBA power input 332 191 150 120 155
Input of power lines, km 852 707 638 681 920

Long-term regulation parameters of «Rosseti Lenenergo», PJSC

Approved by the order of the Committee on Tariffs of St. Petersburg dated December 27, 2018 No. 298-p and order of the Committee on Tariffs and Pricing Policy of the Leningrad Region dated December 29, 2018 No. 727-p a

The structure of the RGR taking into account the tariff-balance decisions for the years 2015-2020
    St. Petersburg Leningrad region «Rosseti Lenenergo», PJSC
    2015 2016 2017 2018 2019 2020* 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020
Controllable expenses   3 515 3 724 3 916 4 738 4 983 6 108 2 996 3 121 3 501 3 554 3 883 4 003 6 511 6 845 7 417 8 292 8 866 10 112
Non-controlled expenses   20 981 23 532 27 322 25 509 25 463 25 005 11 557 14 309 15 060 16 359 17 274 21 475 32 538 37 841 42 382 41 868 42 736 46 480
payments to PJSC FGC UES   4 974 4 842 5 275 6 014 6 227 5 911 2 564 2 621 2 829 3 074 3 285 3 541 7 539 7 462 8 104 9 088 9 513 9 452
TPNO services   6 216 6 786 6 163 2 490 2 975 1 568 5 896 7 539 7 793 8 178 7 752 8 288 12 112 14 325 13 956 10 668 10 727 9 856
network losses of Lenenergo   4 222 4 575 4 860 5 982 6 756 7 545 2 137 2 563 2 749 2 993 3 230 3 425 6 359 7 138 7 610 8 975 9 985 10 971
lost income   4 050 4 223 7 345 4 342 2 597 4 641 384 996 963 1 230 1 509 4 408 4 434 5 219 8 308 5 571 4 106 9 049
other non-controlled expenses   1 519 3 106 3 679 6 681 6 907 5 340 575 591 725 884 1 497 1 813 2 094 3 697 4 404 7 565 8 405 7 153
Capital return   3 937 3 997 4 380 4 405 4 668 5 417 2 394 2 435 2 597 2 785 2 917 3 104 6 331 6 432 6 977 7 190 7 585 8 521
Return on equity   4 433 4 521 5 855 5 800 6 671 11 598 1 701 1 818 2 366 3 026 3 434 4 641 6 134 6 340 8 221 8 826 10 105 16 239
Smoothing   -2 691 2 485 -1 213 5 201 7 305 3 474 -1 272 -1 227 -1 489 189 2 660 -1 007 -3 963 1 258 -2 702 5 390 9 966 2 467
Total RGR   30 174 38 260 40 260 45 653 49 090 51 603 17 375 20 456 22 035 25 912 30 168 32 216 47 549 58 716 62 296 71 565 79 258 83 819
Useful electricity supply   17 462 18 255 18 387 19 004 19 230 19 301 12 067 12 163 12 385 12 876 13 335 13 714 29 529 30 418 30 772 31 880 32 565 33 016
Average sale tariff for electricity transmission** 172,8 209,6 219,0 240,2 255,3 267,4 144,0 168,2 177,9 201,2 226,2 234,9 161,0 193,0 202,4 224,5 243,4 253,9
Gain to the previous year   22% 21% 4% 10% 6% 5% 10% 17% 6% 13% 12% 4%   20% 5% 11% 8% 4%
                                       
* taking into account the revision of long-term regulatory parameters as a result of the consolidation of subsidiaries and affiliates
** in the Leningrad region, incl. consumers indirectly connected to the electrical networks of the grid organization through power plants of electric energy producers
Notes
    St. Petersburg Leningrad region «Rosseti Lenenergo», PJSC
  Unit rev. 2015 2016 2017 2018 2019 2020* 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020
The amount of capital invested at the beginning of the year (full value) mln rub 137 811 137 716 142 921 150 437 161 374 187 660 83 619 84 022 88 434 98 178 104 286 108 751 221 430 221 737 231 355 248 615 265 659 296 411
The amount of capital invested at the beginning of the year (residual value) mln rub 73 444 69 464 70 919 74 485 81 326 105 440 29 648 27 772 29 829 37 090 40 402 41 886 103 092 97 237 100 748 111 575 121 727 147 326
Rate of return on invested capital ("old") % 1% 1% 1% 1% 1% 11% 1% 1% 1% 1% 1% 11% 1% 1% 1% 1% 1% 11%
Rate of return on invested capital ("new") % 11% 11% 11% 11% 11% 11% 11% 11% 11% 11% 11% 11% 11% 11% 11% 11% 11% 11%
* The level of reliability of services sold   0,0191 0,0188 0,0185 0,0182 0,0179 0,0177 0,019063 0,018777 0,0185 0,0182 0,0179 0,0177 0,019063 0,018777 0,0185 0,0182 0,0179 0,0177
* The quality level of goods and services sold   1,0102 0,0102 1,0102 1,0102 1,0102 1,0102 1,0102 0,0102 1,0102 1,0102 1,0102 1,0102 1,0102 0,0102 1,0102 1,0102 1,0102 1,0102
Amount of NWC mln rub 336 391 447 585 661 727 204 256 304 230 304 404 540 647 751 815 965 1 131
Cost-Effectiveness Index % 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
The ratio of power losses % 12,8% 11,1% 12,3% 12,9% 12,9% 11,8% 9,5% 10,3% 10,5% 10,3% 10,1% 10,2%            
The amount of the investment program in TBD approved at the expense of the transfer (development) tariff mln rub 15 541 7 197 13 661 11 743 20 205 19 403 6 658 5 126 8 161 7 584 3 595 6 478 22 199 12 323 21 822 19 327 23 800 25 881

* taking into account the revision of long-term regulatory parameters as a result of the consolidation of subsidiaries and affiliates
** the planned indicators of reliability and quality, taking into account the extension of the regulation period until 2020, were agreed upon by the order of the FAS of Russia as of 10.10.2017 No. 472-e, 10.12.2020 No. 1205/20

Analyst manual (xlsx, 119 Kb).