ОАО “IDGC OF Urals”: 1Q 2009 RAS results

22 May 2009

Ekaterinburg - ОАО «IDGC of Urals» (RTS and MICEX: MRKU), united operating company of the Urals region exercising control over distributive grid complexes in Sverdlovsk, Chelyabinsk, Kurgan and Perm regions - reports on 1Q 2009 financial and operating results under Russian Accounting Standards (RAS).

Table 1. Consolidated financial result of the Company in 1Q 2008 and 2009.[1]

Item

1Q 2009

1Q 2008

Change, %

Revenues from services, US$ thous.*

324 456.9

388 631.6

-16.5%

Expenses, US$ thous.

292 845.4

371 037.5

-21.1%

Operating profit, US$ thous.

31 611.4

17 597.2

+79.6%

Operating margin

9,74 %

4,53 %

 


Pre-tax profit, US$ thous.

-8 819.1

11 760.2

-175.0%

Net profit (loss), US$ thous.

-11 335.7

7 963.7

-242.3%

Net margin

-3,49 %

2,05%

 


[1] For better comparison here and henceforth financial and economical figures as of 1Q 2008 are calculated as the sum of the results by managing company ОАО «IDGC of Urals» and ОАО «Permenergo», ОАО «Sverdlovenergo», ОАО «Chelyabenergo».

* Here and henceforth currency conversions are based on average exchange rates: 1Q 2009 - RUR 34.4 and 1Q 2008 - RUR 24.3.

Table 2. Operating results as of 1Q 2009:

Item

1Q 2009

Network and equipment

Aerial lines, thous. km

122.3

Cable lines, thous. km

4.9

Quantity of transformer substations PS-35/110-220 kW

999

Installed capacity of transformer substations PS-35/110-220 kW, МVА

20 287.5

Quantity of transformer substations TP-6-20/0.4 kW

27 335

Installed capacity of transformer substations TP-6-20/0.4 kW, МVА

7 260.2

Energy supply and losses


1Q 2009

1Q 2008

Change, %

Energy supply, mln. kWh.

20 049.2

24 088.7

-16.8%

Productive supply, mln. kWh.

17 882.6

21 823.2

-18.1%

Energy losses, mln. kWh.

2 166.6

2 265.5

-4.4%

           

 

More detailed information on the Company's revenues and expenses as well as operating results can be found here (pdf, 330 kB)

For full accounting statements as of 1Q 2009 prepared under Russian Accounting Standards (RAS), please, visit our corporate web-site at «Financial Statements» Section (www.mrsk-ural.ru).

 

For additional information on the Company, please, visit the Company's corporate web-site (www.mrsk-ural.ru) as well as Complex Information Disclosure System (www.skrin.ru), Interfax (www.interfax.ru) and AKM (www.akm.ru).

IR Department

Tel./ Fax: (343) 293 26 58/ 293 25 84

IR@mrsk-ural.ru

 

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