Glossary

Abbreviations

AC

Authorized Capital

ACS TP

Automatic Control System of Technological Processes

AIMS CEM

Automated Information-Measuring System of Commercial Electricity Metering

AOPP

Annual Overall Procurement Program

ARL

Automatic Re-Launch

ATCS

Automated Technological Control Systems

AWP

Autumn and Winter Period

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

Client Service Center

CSS

Commodity Stocks and Supplies

DGC

Distribution Grid Company

DOCS

Dispatcher Operation Control System

DTS

Distribution Transformer Substation

DZ

Distribution Zone

ECA

Emergency Control Automatics

EN

Electrical Networks

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

GEN

Gatchina Electric Networks — a branch of JSC Lenenergo

GIS

Geographic Information System

GISCG

Gas-Insulated Switchgear and Control Gear

HES

Heating Electrical Station

HS

Hydropower Station

IDGC

Interregional Distribution Grid Company

IFRS

International Financial Reporting Standard

IT

Information Technologies

JSC

Open Joint Stock Company

JSC FGC UES

Federal Grid Company of Unified Energy System, Joint Stock Company

JSC SO UES

System Operator of Unified Energy System of Russia, Joint Stock Company

KEN

Kingisepp Electric Networks — a branch of JSC Lenenergo

LLC

Limited Liability Company

LPEN

Lodeynoye Pole Electric Networks — a branch of JSC Lenenergo

MEN

Main Electrical Networks

MITI

Modular Integrated Transformer Item

NCC

Networks Control Center

NLEN

Novaya Ladoga Electric Networks — a branch of JSC Lenenergo

OTL

Overhead Transmission Line

R&D

Research and Development

RAS

Russian Accounting Standards

RDO

Regional Dispatching Office

REC

Regional Energy Commission

RPAE

Relay Protection and Automatic Equipment

SCB

Substation Control Building

SCG

Switchgear and Control Gear

SDCs

Subsidiaries and Dependent Companies

SEN

Suburban Electric Networks — a branch of JSC Lenenergo

SG

Switchgear

SO-CSM UES

JSC System Operator — Central Supervising Management of Unified Energy System (JSC SO-CSM UES)

SPA

Science and Production Association

SS

Substation

SSIW

Self-Supporting Insulated Wire

SW

Switch

TEN

Tikhvin Electric Networks — a branch of JSC Lenenergo

TI

Transformer Item

TL

Transmission Line

TRR

Technical Re-equipment and Reconstruction

UNEG

Unified National (All-Russian) Electric Grid

VAT

Value Added Tax

VEN

Vyborg Electric Networks — a branch of JSC Lenenergo

Units of measure

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

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 point

Pcs

Pieces

RUB thousand

Thousand rubles

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

Export

Export of goods from the state customs territory abroad without the obligation to re-import. Export includes goods of domestic production, as well as re-exports of goods. The goods of domestic production include the goods of foreign production entered into the country and subjected to substantial processing, altering any qualitative or technical core characteristics of the goods. Re-exported goods include goods imported into the country and then exported abroad without any processing

Foreign trade turnover

The sum of export and import

Gross regional product (GRP)

Basic indicator of social and economic development of constituent entities of the Russian Federation characterizing the result of production of goods and services for a certain period. GDP is the sum of gross added cost (GAC) produced by all units-residents of the regional economics plus the size of the amount of net taxes on products

Import

Import of goods to the state customs territory from abroad with no obligation to re-export. Import comprises imported goods intended for consumption in the national economy, goods imported to the territory of the state according to the mode of re-export, and goods purchased for domestic organizations abroad, for consumption on the premises

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

Monetary incomes

Salary of employees, incomes of the persons occupied by entrepreneurial activity, pensions, benefits, grants and other social transfers, and incomes from property in the form of percent interest on contributions, securities, dividends and other incomes

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

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