JSC Atomenergoprom has published its interim abridged consolidated financial report of the Group as per the International Financial Reporting System (IFRS) for six months which ended on June 30, 2018.
The consolidated earnings decreased by RUB 6.2 billion (or 25) and constituted RUB 312.9 billion. The drop in earnings of RUB 12.1 billion was predominantly due to the application of requirements of the new standard IFRS 15 “Revenue from Contracts with Customers” starting from January 1, 2018. At the same time, the earnings from operations increased by RUB 5.9 billion with the major growth fell with sales of electricity and capacity.
In the first half of the 2018, the Group’s profit was RUB 112.8 billion that is RUB 71.2 billion higher than the similar indicator of the first half of 2017. The dynamics of this indicator was most significantly affected by single treatment by the Group of the profit of RUB 40.5 billion due to acknowledgement of two uranium mining joint ventures in Kazakhstan as a joint operation as per IFRS 11 “Joint Arrangements”. The positive dynamics of the profit was also affected by stabilization of currency exchange rates and, correspondingly, absence of loss on difference in exchange.
Over the first half of 2018 the Group’s assets did not change substantially. Main indicators of the financial stability and liquidity evidence the stable financial standing of the Group.
