National Nuclear Generating Company Energoatom received UAH 4.8 billion of net loss in 2020 versus UAH 3.7 billion of net profit in 2019, the communications department of Energoatom said on Thursday.
According to the company’s financial statements for last year, its net income amounted to UAH 45.648 billion, down by 6.6% compared to the previous year (UAH 48.846 billion), and gross profit – UAH 6.837 billion (51% less, UAH 11.569 billion).
At the same time, EBITDA, or earnings before interest, taxes, depreciation, and amortization, amounted to UAH 13.3 billion.
As the company said, UAH 4.8 billion of net loss arose as a result of four factors beyond the control of the state-owned enterprise.
The first one is the cost of the exchange rate difference when servicing foreign currency loans. Thanks to them, at present, in particular, the project for the construction of the Central Storage Facility for Spent Nuclear Fuel and the comprehensive (consolidated) program for improving the safety of NPP (Nuclear Power Plant) power units are being implemented. Due to the significant growth of the euro and the U.S. dollar during 2020, the company’s losses in servicing foreign currency loans amounted to UAH 6.601 billion.
The second factor is the compulsory reduction in the volume of commercial products of Energoatom from 80.6 billion kWh to 73.7 billion kWh in accordance with the forecast balance approved by the Energy Ministry in April last year. As a result of balance constraints, some NPP power units were put on reserve for a period of one to three months, others operated with capacity constraints from 10% to 40%. As a result, the company received less than UAH 4.7 billion of income.
The next factor is direct losses due to the discrepancy between the cost of electricity produced by the NPP and the price at which Energoatom supplies it to the population within the framework of public service obligations (PSO) imposed on it by the government. As a result of the sale of half of the electricity produced at a price of UAH 0.01 per kWh, within the framework of the PSO project, losses amounted to UAH 1.2 billion.
The fourth factor is the total debt to Energoatom in the amount of UAH 22.6 billion. Of these, UAH 11.6 billion is the debt of the no longer functioning state-owned enterprise Energorynok, UAH 6.5 billion is the debt of the Guaranteed Buyer and UAH 4.4 billion is the debt of NPC Ukrenergo.
“That is, the operating activity of the state enterprise is profitable, and the net loss at the level of UAH 4.8 billion is explained by the cost of the exchange rate difference when servicing foreign currency loans, losses from the implementation of PSO and balance sheet restrictions, as well as the huge accounts receivable of Energoatom,” the company said.
At the same time, Energoatom plans to complete the first quarter of 2021 with net profit.
From October 2020 to January 2021, the use of 5G smartphones in Ukraine increased from 31,000 to 194,000.
The data was received by the Ministry of Digital Transformation of Ukraine together with mobile network operators, according to the ministry’s website.
The ministry said that the number of smartphones with 4G support also continues to grow, since several thousand settlements are connected monthly to this technology by mobile network operators. Therefore, owners of almost 31 million smartphones can use 4G high-speed Internet.
“We see a situation when Ukrainians, having 4G smartphones and the necessary coverage, continue using the old SIM cards with 3G. We urge subscribers to replace their cards with those that support 4G, because this data transfer technology is 10-15 times faster than the Internet of the older generation. Replacement is free with each operator and takes several minutes. After that, the quality of the video call and the speed of downloading files will be much higher,” the press service said, citing Head of the mobile Internet development group of the Ministry of Digital Transformation Stanislav Prybytko.
President of Ukraine Volodymyr Zelensky has announced an investigation into the lawfulness of privatization of strategic enterprises and subsoil deposits in the country by individuals.
“Those, who believed that a controlling stake in strategic defense enterprises, in particular Motor Sich, may end up with not the state, but in private hands, and land and subsoil deposits that belong to the people of Ukraine may also be seized, should also receive a fair and legitimate reaction from Ukraine. How did this happen? Again it is a rhetorical question. But the answers will be found by law enforcement agencies, together with the State Service of Geology and Mineral Resources,” Zelensky said in a video message posted on his Facebook page on Friday evening.
“Citizens should know: how and on what conditions a number of people in Ukraine received certain resources. Those who did it legally have nothing to fear. And to establish this, a most detailed audit will be carried out, the results of which will be presented to society. I am sure that these answers should not be rhetorical, but concrete, exhaustive and well-reasoned – both for citizens and for possible future court cases,” the head of the Ukrainian state said.
National bank of Ukraine’s official rates as of 15/03/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of March 15
One troy ounce=31.10 grams
Retail sales of medicines in January 2021 in monetary terms decreased 16.5% compared to January 2020, to UAH 3.117 billion, in packages they decreased by 34.2%, to 36 million units.
At the same time, according to the data provided in the SMD report, domestic manufacturers accounted for 69% of the market in volume terms, while in monetary terms, their share accounted for 35% of the market.
In packages, the top three market leaders included Darnitsa, Farmak and Kyiv Vitamin Plant.
In monetary terms, the top three dealers included Farmak, Sanofi and Darnitsa.
