JSC “IDGC of the North-West” has published the financial statements for the first quarter of 2010. The statements for 2010 for the first time after the reorganization make it possible to analyze the changes of the return figures of the company at the basis of fully comparable data.
Pursuant to the profit-an-loss statement the proceeds of the company has amounted to RUR 7 235 million including the incomes from power transportation has amounted to RUR 6 940 million. In comparison with the same period of the preceding year the proceeds has grown by 7,4%.
The gross profit of IDGC of the North-West for the first quarter of 2010 has amounted to RUR 765 million. In comparison with the same period of the preceding year the gross profit decreased by 16, 3. It’s preconditioned by higher tempos of the prime cost growth compared to the proceeds growth.
The accounts receivable growth is continuing due to the debts accumulation of the marketing companies. The trade accounts receivable has increased by 23%. It’s provided mostly due to credit portfolio increase and the augmentation of the received advances.
While analyzing the results of the financial and economic activity of distribution grid companies the seasonality of activity by power transmission is important to be taken into account which is characterized by surges of profitability in the 1st and 4th quarters and its decrease in the 2nd and 3d ones. These fluctuations are connected with holding of repair works of the electric grid equipment mostly in warm half the year and also with season changes of the consumption volume in regions where the calculations with consumers depend not only on the announced capacity but also on the volume of the actually transmitted power.
28 Ноября 2024 | четверг | 11:47
