IR Releases

04.04.2011

JSC “LENENERGO” published financial reporting for 2010 under Russian Accounting Standards

JSC “Lenenergo” published accounting statements for 12 months 2010, prepared in compliance with Russian Accounting Standards (RAS). The basic indicators of activity of the company for the reporting period are represented in the table.

Press Release_01042011-1.jpg

The basic indicators of activity of JSC “Lenenergo” for the reporting period show positive dynamics. The balance currency as of the end of 2010 has constituted RUR 88,700 million. In comparison with 2009 the total sum of corporate property and sources of its forming increased by RUR 5,916 million (+7.1%). Basic reasons of change of balance cost are accomplishment of the investment program of the Company, and reception of JSC “Lenenergo” following the results of 2010 of net profit. The share of non-current assets totaled 87.3% of the balance currency.

The revenue following the results of the Company’s activity in 2010 has constituted RUR 34,201 million that is +31.1% above the similar indicator for 2009. Thus the revenue of the Company from electric power transmission in 2010 increased by 21.8%, from technological connection - by 60.7%. The growth of revenue from technological connection is connected, basically, with the growth of volumes of duties discharge before applicants, as well as with closing of property contracts.

EBITDA following the results of 2010 constituted RUR 8,190 million that is +26.4% above the similar indicator for 2009. The growth of the indicator is caused by the growth of net profit of the Company.

Equity capital following the results of 2010 increased by 7.1% and totaled RUR 51,759 million, which is caused by reception of the Company of net profit following the results of the reporting year.

Profitability of equity capital in 2010 constituted 7.8%, the growth in comparison with 2009 totaled +22.4% in relative terms that also was a consequence of reception by the Company of net profit following the results of 2010.

Accounting statements of JCS "Lenenergo" for 2010 are available on the corporate web site at www.lenenergo.ru in the section «Obligatory disclosure».