Key figures [102-7]
Financial data in accordance with IFRSHereinafter, operating costs, profit, EBITDA and margins for 2017–2018 are aligned with the Group’s 2018 consolidated financial statements stated using the new accounting method. The 2017 reporting data were restated due to changes in the Group’s accounting policy with PP&E recognized at historical cost less accumulated depreciation, amortization and impairment losses. The 2016 reporting data do not take into account the change in the accounting policy. The full text of the accounting policy is included in the Group’s 2018 consolidated financial statements.
RUB bn, leverage as at the year-end Financial debt is calculated as the sum of long-term and short-term liabilities (less accrued interest payable as at the reporting date), liabilities on the non-deliverable forward with VTB Bank at the end of 2017–2018, and RusHydro’s guarantee obligations on Boguchanskaya HPP loan by Vnesheconombank under the Group’s IFRS financial statements at the end of 2016–2017. Net financial debt is calculated as financial debt less cash and cash equivalents (including bank deposits for up to one year). Therefore, the data for 2016–2017 may differ from the data included in the Company’s annual report for 2017.