OREANDA-NEWS. Total assets of PJSC Inter RAO as of June 30, 2015 increased by 5.1 billion rubles (1.5%) to 358.6 billion rubles. This increase in total assets is primarily attributable to current assets.

Current assets increased by 4.7 billion rubles (8.1%) in the first six months of 2015 to 62.3 billion rubles as of June 30, 2015. This increase is associated with several factors partially offsetting one another, including the increase in short-term financial investments by 22.4 billion rubles to 32.9 billion rubles (by a factor of 3.1 or 213.7%), the reduction of cash and cash equivalents by 12.2 billion rubles (52.7%) to 10.9 billion rubles, and the reduction of short-term accounts receivable by 5.4 billion rubles (23.1%) to 18.0 billion rubles reflecting the decrease in current accounts receivable.

Non-current assets changed marginally from the beginning of the year to 296.2 billion rubles.

Total debt increased in the first six months of 2015 by 2.9 billion rubles (31.4%) to 12.1 billion rubles as we took a short-term ruble loan. Our debt portfolio consists entirely of short-term loans and borrowings. Net debt of PJSC Inter RAO as of June 30, 2015 was (9.8) billion rubles.

Total debt excluding loans and borrowings decreased by 1.4 billion rubles (10.6%) from the beginning of the year to 12.0 billion rubles as of June 30, 2015. This change is mostly attributable to the reduction of prepayments for power generation equipment sales to Venezuela.