Total Assets of Inter RAO - Electric Power Plants Increased by 2.5%
Non-current assets reduced by 1.4% (3.2 billion rubles) to 223.2 billion rubles in the first nine months of 2015, primarily reflecting the reduction of prepayments for construction and equipment, which is partially compensated by the increase in fixed assets due to the launch of the ninth power generating unit at Cherepetskaya TPP.
Current assets increased by 36.1% (9.6 billion rubles) to 36.2 billion rubles as of September 30, 2015. This change is primarily affected by the increase in cash and cash equivalent reflecting the optimization of cash flows and accumulation of cash to finance an investment program for construction of CDA facilities.
Liabilities of JSC Inter RAO - Electric Power Plants reduced by 3.2 billion rubles (6.3%) to 47.7 billion rubles as of September 30, 2015. This reduction is primarily attributable to repayment of debt to PAO Inter RAO for the purchase of fixed assets at Kaliningradskaya TPP-2.
Loans and borrowings of JSC Inter RAO - Electric Power Plants were 12.9 billion rubles as of September 30, 2015, as compared to 15.0 billion rubles as of December 31, 2014. The 2.0 billion ruble (13.6%) reduction in the reporting period is mostly attributable to partial redemption of the loan taken to finance the new construction.