The main achievement of the last three years has been the
relatively stable and high rate of growth of sales revenues of RAO UES’s regional
energos and power stations. On average, sales revenues grew at the rate of 32 - 34% per
year.
Compared to the year 1999, in 2001 the sales revenues received by
regional energos increased by 164 bln roubles (77.7%). The sales revenues received by
regional power stations increased by 16.6 bln roubles (75.7%). The increase in revenues
generated by the sale of electricity by regional energos amounted to 135.2 bln roubles
(90.9%), by regional power stations - to 17.2 bln roubles (89.6%). Seven largest energy
systems account for a considerable share (approximately 37%) of the total revenues of all
regional energos of the Holding. For example, the increase of revenues of regional energos
in 2001 compared to the year 1999 was to a considerable extent (65.1 bln roubles or 39.6%
of the total increase) due to such large energy systems as Mosenergo (increase by 20.8 bln
roubles); Tyumenenergo (12.0 bln roubles); Lenenergo (9.7 bln roubles); Sverdlovenergo
(7.2 bln roubles); Kuzbassenergo (5.9 bln roubles); Samaraenergo (4.8 bln roubles);
Permenergo (4.6 bln roubles).
The rate of growth of production costs of regional energos and regional
power stations during the last three years has remained quite high (approximately 33%). In
2001 the production costs of regional energos increased by 147.3 bln roubles compared to
the year 1999. The production costs of regional power stations increased by only 11.9 bln
roubles. Regional power stations show a tendency towards slowing down their production
costs growth: in 2000 the production costs increased by 36.1% compared to 1999, whereas
the increase in the year 2001 compared to the year 2000 dropped to 20%. The increase of
electricity production costs totalled 27.4%, whereas the increase of the production costs
for thermal energy was equal to 8.2%.
In 2001, as a result of the implementation of cost control programmes,
the joint stock companies achieved a 12.3 bln rouble or 4.1% reduction in costs less
non-reducible costs (depreciation charges, taxes, licence fees, purchased energy adjusted
for transmission losses, dividends).
A major portion of the cost reduction (64.3%) is attributable to fuel
purchases mainly due to the change in the actual structure of the fuel balance. In 2001
the reduction of fuel costs totalled 7.9 bln roubles.
The second largest expenditure item after "fuel costs" is
"the expenditure on repairs and materials". The reduction of those costs in 2001
was equal to 2.0 bln roubles (3.2% of the planned costs). These costs have a considerable
potential for further reduction.
In 2001 salary costs were reduced by 0.4 bln roubles (0.8% of the
planned costs). Higher targets have been set for increasing labour productivity.
In 2002 subsidiaries will have much more stringent cost standards
reflected in their business plans. The reduction of costs will take into account the
strategic importance of the separation of potentially competitive types of businesses and
the naturally monopolistic ones.
At present all regional energos and regional power stations have cost
control programmes for the year 2002.
SALES ECONOMY*
| |
Total |
including |
electricity |
heat |
1999 |
2000 |
2001 |
1999 |
2000 |
2001 |
1999 |
2000 |
2001 |
| Regional energos |
| Sales
profit, bln roubles |
211,16 |
284,12 |
375,15 |
148,80 |
209,97 |
284,04 |
45,14 |
55,40 |
73,26 |
| Cost
of sales of goods, products, works, services, bln roubles |
188,01 |
250,36 |
335,32 |
131,29 |
179,46 |
247,96 |
43,59 |
55,16 |
72,50 |
| Gross
profit, bln roubles |
23,16 |
33,76 |
39,83 |
17,50 |
30,51 |
36,08 |
1,55 |
0,24 |
0,76 |
| Costs
per 1 rouble of sales, roubles |
0,89 |
0,88 |
0,89 |
0,88 |
0,85 |
0,87 |
0,97 |
1,00 |
0,99 |
| ÀÎ-power stations |
| Sales
profit, bln roubles |
21,91 |
28,94 |
38,49 |
19,16 |
25,72 |
36,32 |
0,81 |
0,85 |
0,99 |
| Cost
of sales of goods, products, works, services, bln roubles |
18,67 |
25,41 |
30,55 |
16,10 |
22,29 |
28,41 |
0,73 |
0,90 |
0,97 |
| Profit,
bln roubles |
3,25 |
3,53 |
7,94 |
3,06 |
3,43 |
7,92 |
0,09 |
-0,05 |
0,01 |
| Costs
per 1 rouble of sales, roubles |
0,85 |
0,88 |
0,79 |
0,84 |
0,87 |
0,78 |
0,89 |
1,06 |
0,99 |
| Total by regional energos and ÀÎ-power station of the Holding |
| Sales
profit, bln roubles |
233,08 |
313,06 |
413,64 |
167,95 |
235,69 |
320,36 |
45,95 |
56,25 |
74,24 |
| Cost
of sales of goods, products, works, services, bln roubles |
206,67 |
275,77 |
365,87 |
147,40 |
201,76 |
276,36 |
44,32 |
56,06 |
73,48 |
| Profit,
bln roubles ðóá. |
26,40 |
37,29 |
47,77 |
20,56 |
33,93 |
44,00 |
1,63 |
0,19 |
0,77 |
| Costs
per 1 rouble of sales, roubles |
0,89 |
0,88 |
0,88 |
0,88 |
0,86 |
0,86 |
0,96 |
1,00 |
0,99 |
| Major regional energos** |
| Sales
profit, bln roubles |
77,12 |
106,35 |
142,23 |
55,11 |
77,43 |
106,56 |
16,97 |
22,13 |
29,90 |
| %
of all the regional energos |
36,5 |
37,4 |
37,9 |
37,0 |
36,9 |
37,5 |
37,6 |
39,9 |
40,8 |
| %
of all the regional energos and ÀÎ-power stations |
33,1 |
34,0 |
34,4 |
32,8 |
32,9 |
33,3 |
36,9 |
39,3 |
40,3 |
| Cost
of sales of goods, products, works, services, bln roubles |
62,77 |
84,72 |
119,60 |
43,06 |
58,55 |
86,18 |
16,27 |
20,52 |
28,76 |
| %
of all the regional energos |
33,4 |
33,8 |
35,7 |
32,8 |
32,6 |
34,8 |
37,3 |
37,2 |
39,7 |
| %
of all the regional energos and ÀÎ-power stations |
30,4 |
30,7 |
32,7 |
29,2 |
29,0 |
31,2 |
36,7 |
36,6 |
39,1 |
* Russian accounting standards
**Mosenergo, Lenenergo, Samaraenergo, Tyumenenergo, Sverdlovenergo, Kuzbassenergo,
Permenergo |
