"Lenenergo" received 3.3 billion rubles of net profit under IFRS in 2013

"Lenenergo" (the part of the group of companies of " Rossetti ") published its financial statements for 2013 , prepared in accordance with IFRS. Net income for 2013 amounted over 3.281 billion rubles.

In 2011 and 2012 the loss on impairment of fixed assets in the amount of 4,256 million rubles and 3601 million rubles respectively was recognized in operating expenses. In 2013 the results of the impairment test of fixed assets had no impairment. In this regard, the analysis of the results for 2013 should be taken into account by Adjusted EBITDA (+12,6%) and net profit for 2012 and 2011 . (+5.2 %).

The Revenue of "Lenenergo" last year increased by 12.6% and amounted 37.323 billion rubles , including revenue from transportation of electricity increased by 17 % - to 27.48 billion rubles from technological connection services - decreased by 10.2 % to 6.807 billion rubles.

The loan portfolio of "Lenenergo" on December 31, 2013 amounted 33.384 billion rubles, which is 20 % higher than last year. Net debt at the end of last year was 29.664 billion rubles. Net debt / EBITDA does not exceed recommended limits and reached 2.54 .
Financial statements for 2013 , prepared in accordance with IFRS , are available on the website of "Lenenergo" .