Annual report 2014
Since 1886
| Abbreviations | |
| ACS TP | Automatic control system of technological processes |
| AIMS CEM | Automated information-measuring system of commercial electricity metering |
| ATCS | Automated technological control systems |
| AWP | Autumn-winter period |
| BEG | Backbone electric grids |
| CB RF | Central Bank of the Russian Federation |
| CC | Charter capital |
| CJSC | Closed Joint Stock Company |
| CJSC MICEX SE, MICEX | Moscow Interbank Currency Exchange, Closed Joint Stock Company |
| CL | Cable line |
| Company | Lenenergo, Open Joint Stock Company of the Power Industry and Electrification |
| CSC | Customer service center |
| CSS | Commodity stocks and supplies |
| DGC | Distribution grid company |
| DOCS | Dispatch Operation Control Service |
| DTP | Distribution transformer point |
| DZ | Distribution zone |
| ECA | Emergency control automatics |
| EG | Electric grids |
| FA | Fixed assets |
| FFMS | Federal Financial Markets Service |
| FGC | JSC FGC UES |
| FL | Federal Law |
| FST | Field service team |
| FTS | Federal Tariff Service of the Russian Federation |
| GIS | Geographic information system |
| GISW | Gas-insulated switchgear |
| HPS | Hydroelectric power station |
| IDGC | Interregional distribution grid company |
| IFRS | International Financial Reporting Standard |
| IP | Investment program |
| IT | Information technologies |
| JSC | Open Joint Stock Company |
| JSC FGC UES | Federal Grid Company of the Unified Energy System, Joint Stock Company |
| JSC SO UES | System Operator of the Unified Energy System of Russia, Joint Stock Company |
| LLC | Limited Liability Company |
| LR | Leningrad Region |
| MCI | Metal-clad installation |
| NCC | Network control center |
| OC | Operational control |
| OTL | Overhead transmission line |
| R&D | Research and Development |
| RAS | Russian Accounting Standards |
| RDC | Regional dispatch control |
| REC | Regional Energy Commission |
| RPAE | Relay protection and automatic equipment |
| SDCs | Subsidiaries and dependent companies |
| SG | Switch-gear |
| SO-CDC UES | JSC System Operator — Central Dispatch Control of the Unified Energy System |
| SIW | Self-supporting insulated wire |
| SPB | St. Petersburg |
| SS | Substation |
| ST | Switchgear and Transformers |
| SW | Switch |
| TL | Transmission line |
| TRR | Technical re-equipment and reconstruction |
| TPP | Thermal power plant |
| UNEG | Unified National (All-Russian) Electric Grid |
| VAT | Value Added Tax |
| Units of measure | |
| bn | Billion |
| Hz | Hertz — frequency of electric current |
| Km | Kilometer |
| kV | Kilovolt — unit of voltage |
| KVA | Kilovolt-ampere — unit of full power |
| kWh | Kilowatt per hour — unit of generated electric power |
| mln | Million |
| MVA | Megavolt-ampere — unit of transformer power |
| MVAr | Megavolt-ampere reactive — unit of electrical reactive power |
| MW | Megawatt — unit of electrical power capacity |
| p.p. | Percentage points |
| Pcs | Pieces |
| RUB | Rubles |
| Thous. | Thousand |
| Terms | |
| Balanced financial result (profit minus loss) | Final financial result revealed on the basis of accounting of all business operations of organizations. Represents the sum of profit (loss) from sale of goods (work, services), fixed assets, and other assets of the organization and incomes from non-sales transactions minus the sum of expenses for these operations. Data on the balanced financial result is provided for a circle of large and medium-sized organizations at current prices, structure and methodology of the corresponding years, according to financial reporting |
| Capitalization | Market cost of the Company, calculated by multiplying the price of shares and their total amount |
| Company | Lenenergo, Open Joint Stock Company of the Power Industry and Electrification |
| Consumer price index and tariffs for goods and paid services to population (CPI) | Indicator characterizing the time variation of the overall level of prices and tariffs for goods and services purchased by the population for non-productive consumption. It measures the relation of cost of the fixed kit of goods and services in the current period to its cost in the previous period |
| Distribution grid company, DGC | Open joint stock company established as a result of division of AO-Energo by types of activity on the basis of power grid facilities not related to the Unified National (All-Russian) Electric Grid |
| Dividend | Part of net profit of the Company, allocated between shareholders |
| EBITDA | (abbr. Earnings before Interest, Taxes, Depreciation and Amortization) — analytical indicator equal to the volume of profit before deduction for expenses on interest, tax payments, and depreciation charges |
| Electric power industry | Branch of economy of the Russian Federation, including a complex of economic relations arising in the course of production (including production in the mode of combined generation of electric and heat power), transmission of electric power, operatively-dispatching management in the electric power industry, sales and consumption of electric power with the use of production and other property objects (including those entering the Unified Energy System of Russia), belonging by right of ownership or other basis prescribed by Federal Laws to subjects of the electric power industry or other persons. The electric power industry is the basis of functioning of the economy and life-support |
| Electric power industry system | The electric part of the power supply system and receivers of electric power fed by this grid, united by a generality of the process of production, transmission, distribution and consumption of electric power |
| Industrial production index | Relative indicator characterizing the change of scale of production in the compared periods. Individual and composite indices of industrial production differ. Individual indices reflect changes in output of one product and are calculated as the relation of volumes of output of the given type of product in natural material expression in the periods compared. The composite index of industrial production characterizes cumulative changes of production of all types of goods. The index characterizes the change of cost created in the course of industrial production as a result of change only of physical volume of produced goods. To calculate the composite index of production of industrial output, individual indices by concrete types for industrial output are gradually aggregated into indices by economic activities and industrial production as a whole |
| Inflation | Process defined by increase in the overall price level in the economy, or, which is equivalent — by a decrease in the purchasing power of money |
| Material transaction | Transaction that may significantly affect the Company activity. The list of such transactions is determined by the Company independently |
| Net assets | The value determined by subtracting the sums of liabilities of a joint stock company accepted to calculation, from the sum of its assets accepted to calculation |
| Net debt | Net debt is calculated as a sum of long-term and short-term debt net of cash and short-term investments (line 510 + line 610 — line 250 — line 260 of the balance sheet) |
| Productive supply | Amount of electric power transmitted to end consumers, connected to networks of a distribution grid company |
| RAB | abbr. Regulated Asset Base (method of return on invested capital used for calculation of tariffs for electric power transmission) |
| Relay protection | Devices intended for automatic switching-off of a damaged element from power supplies by means of switches and for response to dangerous abnormal operating modes of elements of the power supply system |
| ROE | abbr. Return on equity — profit on equity (share) capital. The ratio of net income after payment of taxes and net share capital |
| Service | Useful result of activity satisfying certain needs, but not embodied in any material form. The main types of international services include: transport services, services of hotels and restaurants, mail and communication services, repair of machines, installation of equipment and other types of services not included in the list |
| Subsidiaries and Dependent Companies | Legal entities in which the Company has more than 20% of voting shares, either due to prevailing participation in share capital, or according to an agreement concluded, or otherwise enabled to make decisions accepted by such legal entities |
| Transmission line | An electric installation composed of wires, cables, isolating elements and bearing structures, intended for electric power transmission between two stations of the grid with a possible intermediate take-off |
| Unemployment rate | Ratio of unemployed to economically active people, as a percentage |