Mordovia Energy Retail Company (MOEX: MRSB)

MRSB Income Statement

Financials in millions RUB. Fiscal year is January - December.

Fiscal Year	TTM	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep 30, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Revenue	6,669	6,949	7,007	6,493	6,421	6,504
Revenue Growth (YoY)	-6.05%	-0.83%	7.91%	1.13%	-1.28%	4.00%
Selling, General & Admin	2,999	2,999	2,968	2,823	2,805	2,634
Provision for Bad Debts	4.84	4.84	1.66	2.13	1.51	1.93
Other Operating Expenses	3,599	3,875	3,994	3,633	3,562	3,804
Total Operating Expenses	6,603	6,880	6,964	6,458	6,368	6,440
Operating Income	66.55	69.38	42.88	35.34	52.77	64.6
Interest Expense	-64.08	-41.18	-40.79	-56.54	-50.78	-62.82
Interest Income	2.59	1.24	1.91	1.95	1.34	1.11
Net Interest Expense	-61.49	-39.94	-38.87	-54.59	-49.44	-61.71
Other Non-Operating Income (Expenses)	116.7	145.24	86.58	66.3	44.47	68
EBT Excluding Unusual Items	121.77	174.69	90.59	47.04	47.8	70.89
Gain (Loss) on Sale of Assets	1.09	1.09	0.02	0.05	0.16	-17.27
Insurance Settlements	0.02	0.02	-	0.07	0.46	0.03
Legal Settlements	11.87	11.87	12.2	7.35	12.19	7.54
Other Unusual Items	0.13	0.13	0.01	0.32	0.8	1.21
Pretax Income	134.88	187.79	102.81	54.83	61.41	62.39
Income Tax Expense	36.43	45.78	29.99	8.5	18.28	26.52
Net Income	98.45	142.02	72.82	46.33	43.13	35.87
Net Income to Common	98.45	142.02	72.82	46.33	43.13	35.87
Net Income Growth	-33.64%	95.02%	57.18%	7.42%	20.25%	15.34%
Shares Outstanding (Basic)	1,345	1,345	1,345	1,345	1,345	1,345
Shares Outstanding (Diluted)	1,345	1,345	1,345	1,345	1,345	1,345
EPS (Basic)	0.07	0.11	0.05	0.03	0.03	0.03
EPS (Diluted)	0.07	0.11	0.05	0.03	0.03	0.03
EPS Growth	-	95.02%	57.18%	7.42%	20.26%	15.34%
Free Cash Flow	-	116.71	146.57	65.48	14.37	88.82
Free Cash Flow Per Share	-	0.09	0.11	0.05	0.01	0.07
Dividend Per Share	-	0.023	0.037	-	-	0.012
Dividend Growth	-	-37.92%	-	-	-	-77.60%
Profit Margin	1.48%	2.04%	1.04%	0.71%	0.67%	0.55%
Free Cash Flow Margin	-	1.68%	2.09%	1.01%	0.22%	1.37%
EBITDA	133.36	127.72	89.93	79.91	94.07	92.2
EBITDA Margin	2.00%	1.84%	1.28%	1.23%	1.46%	1.42%
D&A For EBITDA	66.81	58.34	47.05	44.57	41.3	27.6
EBIT	66.55	69.38	42.88	35.34	52.77	64.6
EBIT Margin	1.00%	1.00%	0.61%	0.54%	0.82%	0.99%
Effective Tax Rate	27.01%	24.38%	29.17%	15.51%	29.77%	42.51%

Source: S&P Capital IQ. Utility template. Financial Sources.