Analyst manual


Macroeconomics

  Unit 2012A 2013А 2014A 2015А 2016A 2017A 2018A 2019A 2020A 2021A 2022F 2023F 2024F
General indicators                            
GDP YoY % 3,7 1,8 0,7 -2,3 0,3 1,6 2,3 1,3 -2,7 4,7 3,0 3,0 3,0
CPI YoY % 5,1 6,8 7,8 15,5 7,1 3,7 4,3 3,0 4,9 8,4 4,0 4,0 4,0
IPI YoY % 3,4 0,4 2,5 -0,8 2,2 2,1 2,9 2,3 -2,1 5,3 3,3 2,4 2,2
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 *

RUB
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Ordinary shares 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    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 1.228.325.624 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 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

PJSC Rosseti Property Relations Committee of St. Petersburg IDGC of Urals, JSC Others

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», PJSC on the Moscow Exchange, rub*


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
1Q










Minimum 23,12 10,04 5,85 2,21 1,70 2,15 4,39 4,76 5,21 4,63 5,21
Maximum 27,15 11,21 6,10 2,28 3,00 3,35 5,94 5,96 6,00 7,32 7,79
Closing 24,23 10,42 5,95 2,24 2,29 3,11 5,02 5,67 5,94 5,66 6,02
2Q










Minimum 16,91 6,57 4,58 2,70 2,14 2,68 3,76 5,21 5,40 5,81 5,74
Maximum 24,19 10,82 4,58 2,90 4,25 3,48 5,40 6,95 6,34 7,19 6,92
Closing 16,91 6,61 4,58 2,90 2,90 2,90 4,51 5,80 5,73 6,01 6,24
3Q










Minimum 12,71 5,47 3,19 2,38 1,58 2,85 4,40 4,50 5,59 4,50 5,83
Maximum 13,00 7,33 3,33 2,58 3,05 5,90 6,20 6,90 5,95 6,18 7,19
Closing 13,00 6,99 3,24 2,43 2,64 5,44 5,59 6,30 5,72 5,58 6,34
4Q










Minimum 9,84 6,50 2,32 1,75 2,23 2,15 4,50 5,00 6,51 4,71 6,21
Maximum 14,38 6,62 2,50 1,88 3,18 6,25 5,95 6,41 7,50 5,91 15,1
Closing 9,84 6,55 2,32 1,75 2,28 5,51 4,80 5,30 7,04 5,31 8,34

Quotations of preferred shares of «Rosseti Lenenergo», PJSC on the Moscow Exchange, rub*


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
1Q










Minimum 35,94 22,36 12,71 13,55 9,95 11,60 43,70 80,40 92,72 112,40 149,55
Maximum 46,82 26,32 13,40 13,95 13,15 14,65 59,00 108,50 107,85 153,50 162
Closing 45,95 23,41 13,03 13,95 10,20 14,50 46,50 100,85 97,60 119,95 154
2Q










Minimum 36,22 16,48 11,80 14,93 9,25 13,80 40,00 93,30 95,75 131,95 149,5
Maximum 46,16 23,99 12,00 15,00 17,00 16,35 63,90 122,00 114,80 175,50 172
Closing 36,79 17,02 12,00 15,00 11,90 15,05 52,50 98,00 101,55 154,60 153,65
3Q










Minimum 21,44 15,27 11,78 14,30 10,30 15,10 51,65 82,25 101,00 146,05 150,15
Maximum 37,26 19,50 12,00 14,62 12,95 46,95 72,90 104,50 121,40 162,30 179,75
Closing 21,44 18,30 11,78 14,62 12,10 43,90 71,95 93,35 118,85 152,75 166,9
4Q










Minimum 20,50 17,50 11,18 10,70 11,55 11,60 70,80 86,70 117,30 142,65 157,5
Maximum 28,82 17,66 11,40 12,25 14,90 51,10 93,00 99,25 129,80 155,90 189,9
Closing 21,74 17,60 11,37 11,20 11,85 45,40 81,40 94,10 122,30 152,80 169,5

Capitalization of «Rosseti Lenenergo», PJSC on the Moscow Exchange, mln rub**


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total 11.139 7.759 3.741 3.040 4.900 13.335 48.554 53.681 71.617 58.840 87.233

* 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), thou rub


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
ASSETS










Non-current assets










Total non-current assets 84.957.528 88.156.884 102.239.241 117.970.197 197.892.022 215.966.607 220.305.881 190.432.992 199.196.363 209.000.917 217.764.269
Current assets










Cash and cash equivalents 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 1.760.327 5.275.087
Total current assets 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 17.190.067
TOTAL ASSETS 96.951.021 99.392.607 120.844.598 135.168.820 239.841.386 237.211.964 234.603.551 205.822.591 214.461.121 219.476.262 234.954.336
CAPITAL AND LIABILITIES










Total capital due to the owners of the Company 42.472.514 43.458.357 49.428.312 43.388.974 140.259.771 147.469.816 149.288.259 129.745.467 138.161.582 144.966.386 154.580.371
Non-controlling interest 30.777 28.994 36.666 48.254 190.193 236.369 195.433 214.983 213.731 - -
Total equity 42.503.291 43.487.351 49.464.978 43.437.228 140.449.964 147.706.185 149.483.692 129.960.450 138.375.313 144.966.386 154.580.371
long term duties










Total long-term liabilities 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 25.694.394
Short-term liabilities 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 63.339
Total long-term liabilities 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 33.966.537
Short-term liabilities










Short-term loans and borrowings 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 7.117.093
Total current liabilities 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 46.407.428
Total liabilities 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 80.373.965
Total equity and liabilities 96.951.021 99.392.607 120.844.598 135.168.820 239.841.386 237.211.964 234.603.551 205.822.591 214.461.121 219.476.262 234.954.336

* The data are based on retrospective data correction.


Consolidated Profit and Loss Statement (IFRS), thousand rubles


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
                       
Revenue 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 93.505.812
Operating expenses 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 20.941.700
Financial income 61.484 302.468 667.441 1.408.601 1.184.145 2.831.487 825.447 584.443 971.166 412.776 682.191
Financial expenses (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) (2.272.363)
Profit before tax (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 19.351.528
EBITDA 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 42.378.703
Net profit (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 15.453.067
Related to:                      
Company Owners (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 15.453.067
Holders of non-controlling interests 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) (0,93) 1,52 2,42 (2,49) 0,08 0,89 0,91 1,23 1,39 1,40 1,81
Amortization 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 14.252.317

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

Enterprise value to EBITDA 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Market capitalization, mln rub 11.139 7.759 3.741 3.040 4.900 13.335 48.554 53.681 71.617 58.840 87.233
Net debt, mln rub 20.469 24.277 29.664 48.258 14.829 24.160 33.502 28.180 22.375 29.637 27.536
EV, mln rub 31.577 32.007 33.369 51.250 19.538 37.259 81.861 81.646 93.778 88.477 114.769
EV/EBITDA 41,90 12,90 5,28 8,42 3,30 3,57 6,56 2,87 2,75 2,53 2,71
Enterprise value to Sales 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
EV, mln rub 31.577 32.007 33.369 51.250 19.538 37.259 81.861 81.646 93.778 88.477 114.769
Sales, mln rub 32.257 33.135 37.323 41.601 39.027 66.208 77.653 77.990 82.665 82.708 93.506
EV/S 0,98 0,97 0,89 1,23 0,50 0,56 1,05 1,05 1,13 1,07 1,23
Price to earnings 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Share price, rub 9,84 6,55 2,32 1,75 2,28 5,51 4,80 5,30 7,04 5,31 8,34
Basic EPS, rub -0,93 1,52 2,42 -2,49 0,08 0,89 0,91 1,23 1,39 1,4 1,81
P/E -10,58 4,31 0,96 -0,70 28,50 6,19 5,27 4,31 5,06 3,79 4,61
Market capitalizatopn to sales 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Market capitalization, mln rub 11.139 7.759 3.741 3.040 4.900 13.335 48.554 53.681 71.617 58.840 87.233
Sales, mln rub 32.257 33.135 37.323 41.601 39.027 66.208 77.653 77.990 82.665 82.708 93.506
P/S 0,35 0,23 0,10 0,07 0,13 0,20 0,63 0,69 0,87 0,71 0,93
Market capitalization to book value 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Market capitalization, mln rub 11.139 7.759 3.741 3.040 4.900 13.335 48.554 53.681 71.617 58.840 87.233
Book value, mln rub 96.951 99.393 120.845 135.169 239.841 237.212 234.604 205.823 214.461 219.476 234.954
P/B 0,11 0,08 0,03 0,02 0,02 0,06 0,21 0,26 0,33 0,27 0,37

Operational data of «Rosseti Lenenergo», PJSC


Units 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Installed Power MVA 21.427 21.952 23.059 23.951 24.321 24.977 26.677 27.808 28.924 33.176 34.156
0.4-110 kV overhead lines on the highway km 36.587 36.859 37.214 38.396 38.945 40.053 41.089 41.718 42.101 45.368 46.444
0.4-110 kV overhead lines, by chains km 39.783 40.053 40.408 41.835 42.181 43.348 44.398 45.213 45.419 48.694 49.759
0.4-110 kV cable lines km 19.554 20.400 21.259 21.557 22.161 22.498 23.160 23.829 24.095 29.536 30.272
SS 35-110 kV pcs 373 377 379 379 386 386 396 396 401 419 422
SS 35-110 kV MVA 13.742 13.969 14.570 14.692 14.894 15.168 15.979 16.368 16.872 18.742 19.068
TS 6-35 kV pcs 14.770 15.025 15.531 16.233 16.564 17.765 18.479 19.440 20.604 23.992 25.150
TS 6-35 kV MVA 7.686 7.983 8.490 9.259 9.427 9.810 10.698 11.439 12.052 14.433 15.088

Composition of electrical networks for equipment


Units 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
SS у.е. 85.963 87.352 89.990 90.524 93.642 94.252 98.640 100.519 103.580 112.268 113.998
TP у.е. 168.927 175.634 185.679 197.438 203.697 214.252 222.102 232.134 241.527 292.093 303.191
0.4-110 kV overhead lines on the highway у.е. 39.585 39.986 40.766 43.025 44.012 45.869 47.531 49.186 49.641 54.990 57.126
35-110 kV overhead lines on the highway у.е. 11.077 11.085 11.096 11.219 11.276 11.358 11.401 11.180 10.988 11.019 10.948
0.4-110 kV cable lines у.е. 67.291 70.334 73.835 75.221 77.545 78.848 81.543 84.369 84.936 104.945 107.763
TOTAL* у.е. 372.843 384.392 401.366 417.428 430.172 444.580 461.218 477.387 490.672 575.315 593.026

* Excluding DGS, SDTU

Composition of electrical networks by voltage class


Units 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
110 kV у.е. 45.925 45.983 48.137 48.042 49.033 49.256 51.251 52.020 52.518 57.860 58.268
35 kV у.е. 25.596 26.034 25.874 25.962 26.656 26.734 27.429 27.561 27.750 28.422 29.261
1-20 kV у.е. 265.321 276.057 290.237 304.465 313.933 326.434 338.997 352.693 364.758 435.060 449.296
up to 1 kV у.е. 36.001 36.318 37.118 38.959 40.550 42.156 43.541 45.113 45.646 53.972 56.201
TOTAL* у.е. 372.843 384.392 401.366 417.428 430.172 444.580 461.217 477.387 490.672 575.315 593.026

* Excluding DGS, SDTU

Energy transmission of «Rosseti Lenenergo», PJSC

Network supply, mln KWh


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
"Rosseti Lenenergo", PJSC 33.460 34.514 33.945 33.248 33.401 34.160 34.791 35.558 35.465 34.210 37.205
St. Petersburg 21.297 21.811 21.730 20.982 20.961 21.484 21.826 22.204 21.942 20.716 22.303
Leningrad region 12.163 12.703 12.215 12.265 12.441 12.676 12.965 13.355 13.523 13.494 14.903

Network losses, mln KWh


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
"Rosseti Lenenergo", PJSC 29.914 30.935 30.514 29.570 29.316 30.220 30.598 31.396 31.497 30.363 33.095
St. Petersburg 18.962 19.477 19.460 18.646 18.252 18.874 18.999 19.416 19.289 18.140 19.597
Leningrad region 10.952 11.458 11.054 10.924 11.065 11.346 11.599 11.981 12.208 12.223 13.497

Effective supply, mln KWh


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
"Rosseti Lenenergo", PJSC 28.975 30.007 29.613 28.680 28.249 29.007 29.669 30.560 30.625 29.580 32.278
St. Petersburg 18.539 19.104 19.083 18.152 17.749 18.245 18.657 19.164 19.036 17.966 19.475
Leningrad region 10.436 10.903 10.530 10.528 10.500 10.763 11.012 11.396 11.589 11.614 12.802

Total losses, mln kWh


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
"Rosseti Lenenergo", PJSC 4.485 4.507 4.332 4.568 5.152 3.940 5.122 4.998 4.839 4.630 4.928
St. Petersburg 2.758 2.707 2.647 2.831 3.212 2.610 3.169 3.040 2.905 2.750 2.827
Leningrad region 1.727 1.800 1.685 1.737 1.940 1.330 1.953 1.959 1.934 1.880 2.100

Total losses,%


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
"Rosseti Lenenergo", PJSC 13,40 13,06 12,76 13,74 15,42 0,12 14,72 14,06 13,65 13,53 13,24
St. Petersburg 12,95 12,41 12,18 13,49 15,32 0,12 14,52 13,69 13,24 13,28 12,68
Leningrad region 14,20 14,17 13,79 14,16 15,59 0,10 15,07 14,67 14,30 13,93 14,09

Network losses of «Rosseti Lenenergo», PJSC, mln kWh


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
"Rosseti Lenenergo", PJSC 3.546 3.579 3.431 3.677 4.085 3.940 4.193 4.162 3.967 3.847 4.111
St. Petersburg 2.335 2.334 2.270 2.336 2.709 2.610 2.828 2.788 2.652 2.577 2.705
Leningrad region 1.211 1.245 1.161 1.341 1.376 1.330 1.366 1.374 1.315 1.271 1.405

Network losses of «Rosseti Lenenergo», PJSC, %


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
ПАО "Россети Ленэнерго" 10,60 10,37 10,11 11,06 12,23 11,53 12,05 11,71 11,19 11,25 11,05
St. Petersburg 10,97 10,7 10,45 11,13 12,92 12,15 12,95 12,56 12,09 12,44 12,13
Leningrad region 9,96 9,8 9,51 10,94 11,06 10,49 10,53 10,29 9,72 9,42 9,43

Investment program of «Rosseti Lenenergo», PJSC

Implementation of the investment program in St. Petersburg


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*
Disbursement, mln rub without VAT 10.829 11.515 13.158 15.608 5.091 12.664 19.871 14.856 18.790 22.947 28.915
Input FA, mln rub 11.246 12.424 14.355 16.042 2.619 9.891 18.069 15.923 18.237 23.224 26.330
Financing, mln rub VAT included 11.446 12.337 13.940 16.858 8.776 15.892 27.046 18.913 23.565 25.285 34.273
MVA power input 623 1409 603 753 158 449 1.159 515 763 814 1.005
Capacity input km 935 716 764 836 218 528 684 656 579 692 773








* excluding objects of trust management

Implementation of the investment program in the Leningrad region


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Disbursement, mln rub without VAT 4.232 3.376 5.570 7.803 1.650 9.546 8.332 5.866 7.345 8.619 8.559
Input FA, mln rub 5.077 3.651 4.299 8.272 1.067 5.273 10.714 7.342 5.760 9.480 7.794
Financing, mln rub VAT included 4.101 3.663 5.405 8.320 4.368 11.726 8.409 7.036 9.003 11.498 11.035
MVA power input 372 502 304 697 53 394 1.171 515 315 678 472
Capacity input km 778 864 1082 1.654 234 1.619 1.452 1.244 1.715 2.101 1.475

Implementation of the investment program of "Rosseti Lenenergo", PJSC


2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Disbursement, mln rub without VAT 15.061 14.891 18.729 23.411 6.741 22.210 28.203 20.722 26.135 31.566 37.474
Input FA, mln rub 16.323 16.075 18.653 24.314 3.685 15.165 28.783 23.265 23.997 32.704 34.124
Financing, mln rub VAT included 15.547 16.000 19.345 25.178 13.145 27.617 35.454 25.949 32.568 36.783 45.309
MVA power input 996 1.911 907 1.450 211 844 2.329 1.031 1.078 1.492 1.477
Capacity input km 1.713 1.581 1.846 2.490 452 2.147 2.136 1.900 2.294 2.793 2.248

Key parameters of the long-term Investment Program of «Rosseti Lenenergo», PJSC


2021* 2022* 2023* 2024* 2025*
Capital investments, mln rub. without VAT 37.474 33.387 26.908 27.119 31.449
Input FA, mln rub 34.124 33.590 30.087 31.484 30.937
Financing, mln rub VAT included 45.309 35.935 32.361 34.489 37.670
MBA power input 1.477 1.436 725 398 297
Input of power lines, km 2.248 1.658 1.081 1.774 1.418

Financing by region

St. Petersburg

2021* 2022* 2023* 2024* 2025*
Capital investments, mln rub without VAT 28.915 25.931 21.202 20.209 25.021
Input FA, mln rub 26.330 25.998 23.829 24.613 24.158
Financing, mln rub VAT included 34.273 27.526 25.599 24.941 28.725
MBA power input 1.005 1.158 603 224 130
Input of power lines, km 773 553 432 1.062 497
Leningrad region

2021 2022 2023 2024 2025
Capital investments, mln rub without VAT 8.559 7.456 5.705 6.910 6.428
Input FA, mln rub 7.794 7.591 6.258 6.870 6.779
Financing, mln rub VAT included 11.035 8.409 6.761 9.547 8.945
MBA power input 472 278 122 174 168
Input of power lines, km 1.475 1.105 649 712 921

* excluding objects of trust management

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



St. Petersburg Leningrad region «Rosseti Lenenergo», PJSC


2016 2017 2018 2019 2020* 2021 2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021
Controllable expenses
3.724 3.916 4.738 4.983 6.108 6.573 3.121 3.501 3.554 3.883 4.003 5.832 6.845 7.4 cur17 8.292 8.866 10.112 12.404
Non-controlled expenses
23.532 27.322 25.509 25.463 25.005 25.330 14.309 15.060 16.359 17.274 21.475 27.303 37.841 42.382 41.868 42.736 46.480 52.632
payments to PJSC FGC UES
4.842 5.275 6.014 6.227 5.911 6.281 2.621 2.829 3.074 3.285 3.541 3.585 7.462 8.104 9.088 9.513 9.452 9.866
TPNO services
6.786 6.163 2.490 2.975 1.568 1.707 7.539 7.793 8.178 7.752 8.288 4.642 14.325 13.956 10.668 10.727 9.856 6.349
network losses of Lenenergo
4.575 4.860 5.982 6.756 7.545 7.577 2.563 2.749 2.993 3.230 3.425 3.884 7.138 7.610 8.975 9.985 10.971 11.461
lost income
4.223 7.345 4.342 2.597 4.641 3.472 996 963 1.230 1.509 4.408 4.832 5.219 8.308 5.571 4.106 9.049 8.304
other non-controlled expenses
3.106 3.679 6.681 6.907 5.340 6.293 591 725 884 1.497 1.813 10.359 3.697 4.404 7.565 8.405 7.153 16.652
Capital return
3.997 4.380 4.405 4.668 5.417 6.011 2.435 2.597 2.785 2.917 3.104 х 6.432 6.977 7.190 7.585 8.521 х
Return on equity
4.521 5.855 5.800 6.671 11.598 13.348 1.818 2.366 3.026 3.434 4.641 х 6.340 8.221 8.826 10.105 16.239 х
Smoothing
2.485 -1.213 5.201 7.305 3.474 0 -1.227 -1.489 189 2.660 -1.007 х 1.258 -2.702 5.390 9.966 2.467 х
Total RGR
38.260 40.260 45.653 49.090 51.603 51.261 20.456 22.035 25.912 30.168 32.216 33.135 58.716 62.296 71.565 79.258 83.819 84.395
Useful electricity supply
18.255 18.387 19.004 19.230 19.301 19.010 12.163 12.385 12.876 13.335 13.714 13.514 30.418 30.772 31.880 32.565 33.016 32.524
Average sale tariff for electricity transmission**
209,6 219,0 240,2 255,3 267,4 269,6 168,2 177,9 201,2 226,2 234,9 245,2 193,0 202,4 224,5 243,4 253,9 259,5
Gain to the previous year
21% 4% 10% 6% 5% 1% 17% 6% 13% 12% 4% 4% 20% 5% 11% 8% 4% 2%

* 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. 2016 2017 2018 2019 2020* 2021 2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021
The amount of capital invested at the beginning of the year (full value) mln rub 137.716 142.921 150.437 161.374 187.660 204.913 84.022 88.434 98.178 104.286 108.751 х 221.737 231.355 248.615 265.659 296.411 х
The amount of capital invested at the beginning of the year (residual value) mln rub 69.464 70.919 74.485 81.326 105.440 117.808 27.772 29.829 37.090 40.402 41.886 х 97.237 100.748 111.575 121.727 147.326 х
Rate of return on invested capital ("old") % 1% 1% 1% 1% 11% 11% 1% 1% 1% 1% 11% х 1% 1% 1% 1% 11% х
Rate of return on invested capital ("new") % 11% 11% 11% 11% 11% 11% 11% 11% 11% 11% 11% х 11% 11% 11% 11% 11% х
The level of reliability of services sold
0,0188 0,0185 0,0182 0,0179 0,0177 х 0,018777 0,0185 0,0182 0,0179 0,0177 х 0,018777 0,0185 0,0182 0,0179 0,0177 х
The indicator of the average duration of the interruption of the transmission of electrical energy to the point of delivery hour х х х х х 0,0619 х х х х х 1,2243 х х х х х х
The indicator of the average frequency of interruption of the transmission of electrical energy to the point of delivery pcs х х х х х 0,0691 х х х х х 0,6375 х х х х х х
The quality level of goods and services sold
0,0102 1,0102 1,0102 1,0102 1,0102 1,0256 0,0102 1,0102 1,0102 1,0102 1,0102 1,1078 0,0102 1,0102 1,0102 1,0102 1,0102 х
Amount of NWC mln rub 391 447 585 661 727 850 256 304 230 304 404 х 647 751 815 965 1.131 х
Cost-Effectiveness Index % 3% 3% 3% 3% 3% 1% 3% 3% 3% 3% 3% 2% 3% 3% 3% 3% 3% х
The ratio of power losses % 11,1% 12,3% 12,9% 12,9% 11,8% 11,8% 10,3% 10,5% 10,3% 10,1% 10,2% 9,7%





* taking into account the revision of long-term regulatory parameters as a result of the consolidation of subsidiaries and affiliates

Analyst manual (xlsx, 479 Kb).