Debtor management for electricity transmission services
In order to reduce accounts receivable, the Company implements the following measures
Claim-related work is underway, including the collection of penalties for untimely payments
Reciprocal liabilities are offset
Restricted energy delivery regime is introduced, including upon requests from electricity retailers
Dispute resolutions are handled through pre-trial and court proceedings
At the end of 2022, receivables for electricity transmission services increased by RUB 0.6 billion to RUB 7.7 billion as at 31 December 2022.
The rise in electricity transmission service receivables is a result of an increase in revenue for those services in 2022.
The results of the Company’s activities aimed at the reduction of subcontractor accounts receivable for electricity transmission services
Indicator
2019
2020
2021
2022
Positive judicial rulings / Amount claimed
174 cases / RUB 7,325.74 mn
149 cases / RUB 8,747.78 mn
204 cases / RUB 5,452.4 mn
294 cases / RUB 337.94 mn
Ruling against collection / Amount claimed
8 cases / RUB 38.8 mn
1 case / RUB 1.06 mn
2 cases / RUB 1.8 mn
2 cases/ RUB 8.40 mn
Percentage of claims ruled in favour of the Company (%)
99.5
99.98
99.96
98
Results of work with counterparties in bankruptcy proceedings (RUB mn)
Indicator
2020
2021
2022
Δ 2022/2021 (%)
Number of counterparties in bankruptcy proceedings
23
44
42
–5
The volume of the Company’s claims included to the creditor claim list or submitted to the debtors in bankruptcy procedure, regarding the current payments (RUB mn)
760.61
669.23
1,121.49
+68
Total amount of cash received by the Company from counterparties in bankruptcy proceedings (RUB mn)
6.87
0
12.9
+ RUB 12.9 mn
Overdue amounts of counterparties in bankruptcy proceedings (RUB mn)
760.61
920.37
1,362.1
+48
Amount of cash saved by the Company due to the purchase of its own debtors in bankruptcy proceedings through a bidding process (RUB mn)