On 28.12.2013 the Board of Directors of IDGC of the North-West, JSC approved of the Company's corrected business plan for 2013. The correction is due to tariff and balance decisions for 2013 having been taken and to discharge of the functions of the guaranteeing supplier of electric energy in the Novgorod and Murmansk Regions.
The actual proceeds of IDGC of the North-West, JSC increased up to 41.4 bln RUB which exceeds the 2013 initial planned performance and the 2012 actual performance by 8.6 bln RUB and 10.3 bln RUB respectively.
Within the total volume of the corrected business plan, proceeds from provision of electric energy transmission services and those from electric energy marketing account for 32.0 bln RUB and 7.9 bln RUB respectively.
Net profit following 2013 outcome is planned to amount to 97 mln RUR which exceeds the performance as per the previously adopted business plan by 1%.
EBITDA growth by 7%, up to 5.4 bln RUB is conditioned by the increase of the percentage of interest payable, depreciation and tax accrued within the index structure. The ratio of debt to EBITDA will make 2.44.
As of 31.12.2013, the maximum allowable and the target limits of the Company’s indebtedness were complied with. In accordance with the Regulations on the Credit Policy, the Company’s credibility group is Group “Ŕ”. In 2013 IDGC of the North-West complies with the limits of borrowing cost parameters with credit resources raised .