1.3. Information Concerning the Issuer’s Appraiser(s)
In relation to the reasons listed in this paragraph, the issuer did not engage any appraisers within 12 month prior to the end of the reporting quarter.
1.4. Information Concerning the Issuer’s Advisors
In relation to the reasons listed in this paragraph, the issuer did not engage any financial advisor within 12 month prior to the end of the reporting quarter.
1.5. Information Concerning the Individuals Who Signed This Quarterly Report
Full name: Oleg Mikhailovich Budargin
Year of birth: 1960
Primary employer details:
Entity: Public Joint Stock Company ROSSETI
Title: Director General
Full name: Vladimir Vasilyevich Shchukin
Year of birth: 1955
Primary employer details:
Entity: Public Joint Stock Company ROSSETI
Title: Director of the Accounting and Reporting Department and Chief Accountant
Section II. Basic Information Concerning the Financial and Economic Condition of the Issuer 2.1. Financial and Economic Performance Indicators of the Issuer
Changes in the issuer’s financial and economic performance indicators calculated on the basis of its accounting (financial) statements
Standard (rules) applicable to the accounting (financial) statements used for calculating such indicators: Russian Accounting Standards
Unit of measurement for calculations of workforce productivity: thousand rubles/employee
Indicator
|
3 months of 2015
|
3 months of 2016
|
Workforce productivity
|
9,081
|
11,364
|
Debt to equity ratio
|
1.3
|
18.7
|
Long-term debt to long-term debt plus equity
|
0.005
|
13.734
|
Debt covered by current income (profit)
|
-1.95
|
-4.83
|
Share of overdue debt, %
|
0.6
|
0.03
|
Indicator
|
2014
|
2015
|
Workforce productivity
|
9,373
|
9,961
|
Debt to equity ratio
|
1.2
|
22.5
|
Long-term debt to long-term debt plus equity
|
0.005
|
16.417
|
Debt covered by current income (profit)
|
-2.02
|
-5.52
|
Share of overdue debt, %
|
0.63
|
0.03
|
Note: For the purposes of correctly analyzing comparable values, the calculation of the indicator “Workforce productivity” used the annualized data of the indicator “Revenue”; in the same manner, the calculation of the indicator “Debt covered by current income (profit)” used the annualized data of the indicators “Revenue,” “Cost value,” and “Depreciation and amortization.”
Analysis of the issuer’s financial and economic activities based on an economic analysis of changes in the shown indicators:
In 2014, workforce productivity increased by 588 thousand rubles per employee, or by 6.3%, to 9,961 thousand rubles. Workforce productivity grew due to an increase of 272,405 thousand rubles (4.4%) in revenue and due to headcount optimization. In the 1st quarter of 2016, workforce productivity increased by 14.1%, or by 1,403 thousand rubles, compared with December 31, 2015.
The downward change in the indicators “Debt to equity ratio” and “Long-term debt to long-term debt plus equity,” which were 18.7% and 13.7% respectively as of December 31, 2016, (1.3% and 0.005% respectively as of March 31, 2015) is due to the issue of the Company’s bonds totaling 31, 000,000 thousand rubles in 2015. At the same time, the Issuer’s dependence on borrowed funds remains sufficiently low.
As of March 31, 2016, debt covered by current income was (4.83). The negative value of this indicator in the 1st quarter of 2016 shows that the actual amount of the Company’s cash exceeds its short-term liabilities.
The share of overdue accounts payable is low and, in the 1st quarter of 2016, is 0.03%.
The analysis of the above-mentioned indicators shows that the Company has high financial stability and solvency.
2.2. Market Capitalization of the Issuer
Market capitalization is calculated as the product of quantity of shares of the category (type) concerned and market price per share disclosed by the securities trading institutor.
Unit of measurement: rubles in thousands
Indicator
|
December 31, 2015
|
March 31, 2016
|
Market capitalization
|
75,627,153.8
|
94,482,956
|
Information concerning the securities trading institutor that serves as a basis for calculating market capitalization and, at the issuer’s sole discretion, other additional information concerning public securities trading:
The market capitalization of shares in PJSC ROSSETI is calculated according to the securities trading institutor, namely Closed Joint-Stock Company MICEX Stock Exchange (MICEX Stock Exchange).
Location of the securities trading institutor:
125009, Moscow, Bolshoy Kislovsky pereulok, 13
Telephone: 7 (495) 363-3232
Fax: 7 (495) 705-9622
http://moex.com/
The information specified does not include any placed shares of the additional issue.
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