Mosenergo Releases 2020FY IFRS Results
| Consolidated Statement of Comprehensive Income, Key Figures, (mn RUR) | 2019FY | 2020FY | Change |
| Revenue | 189,777 | 180,908 | —4.7% |
| Operating Costs | (179,290) | (172,235) | —3.9% |
| EBITDA(1) | 24,587 | 30,472 | +23.9% |
| Depreciation and Amortization | (17,974) | (22,874) | +27.3% |
| Operating Profit | 6,613 | 7,598 | +14.9% |
| Profit for the Period | 9,599 | 8,045 | —16.2% |
(1) Calculated as «Operating Profit + Depreciation and Amortization».
PJSC «Mosenergo» and subsidiaries (Mosenergo Group) revenue for 2020FY decreased by 4.7% year-on-year, down to RUR 180,908 mn. The reason for the decrease was lower revenue from electricity (-13.5%). The operating performance decline resulted from decreased electricity consumption, as well as relatively warm weather and shorter heating period in 2020.
Operating costs for 2020FY decreased year-on-year by 3.9% down to RUR 172,235 mn.
EBITDA amounted to RUR 30,472 mn (+23.9% year-on-year) due to decreasing of net charge for impairment and other provisions in 2020.
Mosenergo Group IFRS profit for 2020FY decreased by 16.2%, down to RUR 8,045 mn.