 Financial Results
Address to Shareholders from the RAO UESR Executive
Office
Company's Business Results
Asset Structure
Volume of Products, Subscriber Fees, Revenues'
Structure
Production Cost, Profit and its use
Accounts Receivable and Payable
Balance Sheet
Profit and Loss Account
RAO UESR Stock in the Securities Market
Summary of UES of Russia Coordination and
Management Results
Electric Power Production and Transfer
Electric and Heat Power Markets
UES of Russia Dispatch Manegement
Subsidiary Management
Investments
Foreign Business Activity
Scientific and Technical Development of UESR
Audit Report
Information for Shareholders
Appendix
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Report's Home Page
Shareholder
UESR Home |
Financial Results
|
|
1993 |
1994 |
1995 |
1996 |
1997 |
(RUR billion) |
| Volume of products (work, services) |
2,139 |
8,090 |
6,225 |
9,653 |
12,099 |
Subscriber fees |
551 |
2,417 |
5,970 |
8,228 |
10,306 |
Electricity supplies |
1,588 |
5,581 |
-1 |
- |
- |
Subsidiaries’ products |
- |
92 |
255 |
722 |
963 |
Other products (work, services) |
|
|
|
703 |
830 |
Pre-tax profit on products paid for,
for accountable year |
132 |
471 |
622 |
754 |
3,5992 |
| Profit used to pay dividends on the company’s shares |
64 |
140 |
216 |
216 |
2233 |
| Charter capital |
70 |
70 |
21,5584 |
21,558 |
21,558 |
(RUR) |
| Share par value |
500 |
500 |
500 |
500 |
500 |
| Dividend per share: |
|
|
|
|
|
for common shares |
500 |
1,000 |
5 |
5 |
53 |
for preferred shares |
500 |
1,000 |
5
(1,540)5 |
5 |
9.173 |
| (RUR/share) |
| Profit per share |
609 |
2,208 |
10
(3,036)5 |
11.43 |
68.78 |
| Gross value per share |
33,520 |
63,358 |
1,042
(320,922)5 |
1,908 |
2,218 |
(ratios) |
| Share price/profit per share |
4.4 |
11.0 |
15.9 |
36.7 |
26.3 |
| Share price profit/gross per value |
0.49 |
0.40 |
0.14 |
0.22 |
0.82 |
| Share price/sales per share |
0.24 |
0.56 |
0.47 |
1.92 |
6.14 |
1 RAO UES of Russia ceased
purchase/sale of electricity on the wholesale market as of January 1, 1995.
2 The significant increase in
profit resulted from changes in the procedure of accumulating investment funds which are
generated from profit starting from April 1, 1997 in accordance with Resolution ¹390 of
the Government of Russia “On Measures for Improving the Procedure of Accumulating
Investment Funds in the Power Industry and Government Monitoring of their Use” dated
April 3, 1997.
3 Recommended by the Board of
Directors of RAO UESR.
4 The charter capital was increased
according to the resolution of the Shareholders’ Meeting of RAO UESR of August 4 1995
regarding the increase of the company’s charter capital by 308 times in accordance with
the revaluation of fixed assets.
5 Not including the increase of the
charter capital of RAO UESR in terms comparable to those of 1993-1994.
Volume of Products (Works, Services)
(RUR billion)
* As of January 1, 1995, electric power and
capacity dispatch through FWEPM is not reflected in the balance sheet of RAO UESR but is
directly reflected in wholesale market supplier and consumer accounting.
Reporting Year Profit
(Pre-tax Profit on Products Paid for)
(RUR billion)
|
Dividends
(RUR billion)
|
 |
 |
|
