IDGC of Centre has published financial statements for the 1st quarter of 2015 under RAS
In connection with the execution by IDGC of Centre in 2013-2014 of functions of a supplier of last resort and accounting for income from electricity transmission in the profit from the sale of electricity, the comparison of the proceeds, received by the Company for the current and previous year for the electricity transmission services and for services from the resale of electric energy and power, should be carried out under comparable conditions.Changes in the level of revenue, cost of sales and net profit relative to 3 months of 2014 are mainly connected with the transfer by the Company of functions of a supplier of last resort to third-party companies in the compared periods.
The volume of electricity transmission services in comparison with the same period last year did not change and was 14,6 billion kWh. A reduction of electric energy losses was achieved under comparable conditions without taking into account "last mile" facilities from 13,05% in 1Q 2014 to 13,02% in 1Q 2015 due to the implementation of a program on energy saving and energy efficiency.
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