FGC ROSSETI

Annual / Quarterly Financial Statement • Mar 5, 2021

No. 57n dated April 6, 2015, BALANCE SHEET No. 41n dated March 6, 2018,

as of December 31 20 20

Company according to OKPO Public Joint Stock Company "Federal Grid Company of Unified Energy System"

Taxpayer Identification Number INN Form of legal entity's

Type of economic activity according to OKVED 2 incorporation / ownership ^{47 41} public joint-stock company / mixed Russian assets with a federal share power transmission 35.12

Annex No. 1 to Decree of the Russian Ministry of Finance No. 66n dated July 2, 2010 (as revised by Decrees of the Russian Ministry of Finance No. 124n dated October 5, 2011,

	CODES
OKUD Form No. 1	0710001
Date (year, month, day)	2020 12 31
	56947007
	4716016979
according to OKOPF/OKFS

Measurement unit:	RUB thousand			according to OKEI	384
Location (address)	5A Akademika Chelomeya Street, Moscow, Russia, 117630
	X Accounting statements are subject to mandatory audit	YES NO
	Name of the audit organization / last name, first name, patronymic (if any) of the individual auditor
	LLC "Ernst & Young"
	Taxpayer Identification Number of the audit organization / individual auditor			INN OGRN/	7708096662
	Primary State Registration Number of the audit organization /			OGRNI	1027739127734
			As of December, 31	As of December, 31	As of December, 31
Notes	ASSET	Code	2020	2019	2018
	1	2	3	4	5
	I. NON-CURRENT ASSETS
Р.1 ТП*	Intangible assets	1110	5 818 991	4 658 225	3 741 290
Р.5 ПП* Р.1 ТП	Research and development results	1120	-	950	6 778
Р.6 ПП**	Fixed assets,
Р.2 ТП Р.7 ПП*	including:	1130	1 045 337 064	991 719 785	954 319 673
	land plots and natural resources	1131	1 744 234	1 744 070	1 744 010
	buildings, machinery and equipment, structures	1132	1 039 476 108	985 725 021	949 044 246
	other fixed assets	1133	4 116 722	4 250 694	3 531 417
	Income-bearing investments in tangible assets	1140	-	-	-
Р.3 ТП*	Financial investments	1150	80 826 304	66 038 914	57 702 933
Р.8.2 ПП**	Deferred tax assets	1160	-	-	-
Р.2 ТП*	Other non-current assets, including:	1170	257 221 611	269 095 933	251 183 633
	equipment for installation	1171	36 707 309	32 897 293	37 726 421
Р.7.3 ПП**	investments in non-current assets	1172	194 381 605	211 655 187	191 292 474
Р.5.1 ТП*	advances against non-current assets	1173	25 931 010	24 298 857	21 832 613
Р.7.3 ПП Р.10 ПП	other non-current assets	1174	201 687	244 596	332 125
	TOTAL for Section I	1100	1 389 203 970	1 331 513 807	1 266 954 307
	II. CURRENT ASSETS
Р.4 ТП*
Р.9 ПП**	Inventory, including:	1210	12 604 712	11 676 657	10 937 851
	raw materials, materials and other similar assets	1211	12 604 712	11 675 592	10 937 851
	WIP on core services to third parties	1213	-	1 065	-
	Value added tax on purchased assets	1220	2 429 859	973 489	915 376
Р.5 ТП Р.11 ПП*	Accounts receivable, including:	1230	124 401 555	131 956 157	169 855 975
	Accounts receivable (payments are expected over more than	1231	80 655 065	85 477 009	92 515 178
	customers and consumers	1232	75 831 961	83 338 840	90 683 714
	advance payments made	1233	-	-	-
	other debtors	1234	4 823 104	2 138 169	1 831 464
	Accounts receivable (payments are expected within 12	1235	43 746 490	46 479 148	77 340 797
	customers and consumers amounts owed by members (founders) as payments to the	1236	31 146 355	34 285 535	31 232 620
	authorized capital	1237	-	-	-
	advance payments made	1238	354 057	614 922	1 644 465
	other debtors	1239	12 246 078	11 578 691	44 463 712
Р.3 ТП Р.8.3 ПП*	Financial investments (except for cash equivalents)	1240	15 373 796	25 735 205	6 578 091
Р.20.2 ПП**	Cash and cash equivalents	1250	23 902 506	30 434 073	31 772 829
Р.10 ПП**	Other current assets	1260	32 754	34 699	48 165
	TOTAL for Section II	1200	178 745 182	200 810 280	220 108 287

BALANCE 1600 1 567 949 152 1 532 324 087 1 487 062 594

	LIABILITY	Code	As of December, 31 2020	As of December, 31 2019	As of December, 31 2018
	1	2	3	4	4
Р.13 ПП**	III. CAPITAL AND RESERVES Share capital (contributed capital, authorized fund, contributions of partners)	1310	637 332 662	637 332 662	637 332 662
	Shares repurchased	1320	-	-	-
	Revaluation of non-current assets	1340	269 198 981	255 708 535	240 935 676
Р.13 ПП**	Additional capital (without revaluation)	1350	31 867 163	31 867 163	31 867 163
	Reserve capital	1360	27 326 723	24 419 781	21 610 434
	Undistributed profit (uncovered loss), including:	1370	196 050 453	170 421 718	142 430 454
	Uncovered loss of past years	1371	-	-	-
	Undistributed profit of past years	1372	156 085 076	122 166 200	142 430 454
	Undistributed profit of the reporting year	1373	39 965 377	48 255 518	-
	including interim dividends	1374	-	(11 229 301)	-
	TOTAL for Section III	1300	1 161 775 982	1 119 749 859	1 074 176 389
	IV. LONG-TERM LIABILITIES
Р.14 ПП**	Borrowing and loans	1410	206 572 589	196 622 387	224 463 734
	Deferred tax liabilities	1420	97 053 441	89 794 704	77 044 739
	Estimated liabilities	1430	-	-	-
	Other liabilities	1450	21 982 328	27 518 412	17 708 107
	Section IV Total	1400	325 608 358	313 935 503	319 216 580
Р.14 ПП**	V. SHORT-TERM LIABILITIES Borrowing and loans	1510	22 585 880	30 436 665	22 245 391
Р.5.3 ТП Р.11.3 ПП*	Accounts payable, including:	1520	51 288 858	64 304 991	68 223 409
	suppliers and contractors	1521	35 113 703	32 293 176	39 300 899
	payables to employees	1522	18 082	19 038	18 516
	payables to state non-budgetary funds	1523	589 557	594 702	660 238
	taxes and fees payable	1524	3 507 652	6 950 080	11 041 882
	advances received	1525	7 273 026	8 933 134	13 208 422
	other creditors	1526	4 453 919	4 020 628	3 778 992
	payables to members (founders)	1527	332 919	11 494 233	214 460
	Deferred income	1530	600 315	625 671	643 517
Р.7 ТП*	Estimated liabilities	1540	6 088 485	3 271 398	2 557 308
	Other liabilities	1550	1 274	-	-
	ИТОГО по разделу V	1500	80 564 812	98 638 725	93 669 625
	BALANCE	1700	1 567 949 152	1 532 324 087	1 487 062 594

* - - Explanatory Notes to the Balance Sheet and Statement of Financial Position for 2020

** - Notes to the Balance Sheet and the Statement of Financial Result for 2020

Chief Executive PJSC ROSSETI a management company of FGC UES, PJSC A.V. Ryumin

" " 03 March 2021

(as revised by Decrees of the Russian Ministry of Finance No. 57n dated April 6, 2015, No. 41n dated March 6, 2018, No. 61n dated April 19, 2019)

STATEMENT OF FINANCIAL RESULTS

as of December 31, 2020

				CODES
		OKUD Form No.2		0710002
		Date (year, month, day)	2020	12 31
	Public Joint Stock Company
Company	"Federal Grid Company of	according to OKPO		56947007
	Unified Energy System"
Taxpayer Identification Number		INN		4716016979
Type of economic activity	power transmission	according to OKVED 2		35.12
Form of incorporation / ownership	public joint-stock company / mixed Russian assets with a federal share	according to OKOPF/OKFS	47	41
Measurement unit:	RUB thousand	according to OKEI		384

	Item			For the same period of
Notes	Description	Code	For the reporting period	the previous year
	1	2	3	4
	Income and expenses from ordinary activities
	Revenue from sale of goods, products and services (net of VAT, excise duties and other similar mandatory payments), including:	2110	230 591 805	242 700 173
	services for electric power transmission	2111	222 408 543	223 143 743
	services for technological connection	2112	5 033 036	17 235 031
	other activity	2119	3 150 226	2 321 399
Р.6 ТП*	Production cost of goods, products and services sold, including:	2120	( 176 070 260 )	( 174 447 268 )
	services for electric power transmission	2121	( 173 973 124 )	( 173 060 822 )
	technological connection services	2122	( 107 982 )	( 112 698 )
	other activity	2129	( 1 989 154 )	( 1 273 748 )
	Gross profit (2110 + 2120)	2100	54 521 545	68 252 905
	Commercial expenses	2210	-	-
Р.6 ТП*	Administrative expenses	2220	( 7 721 085 )	( 8 953 311 )
	Profit (loss) from sales (2100 + 2210 + 2220)	2200	46 800 460	59 299 594
	Income from participation in other companies	2310	1 820 485	1 746 883
	Interest income	2320	9 482 602	8 534 122
	Interest expenses	2330	( 4 706 685 )	( 4 913 722 )
Р.18.2 ПП**	Other income	2340	10 450 546	24 719 384
Р.18.2 ПП**	Other expenses	2350	( 13 628 160 )	( 14 809 682 )
	Profit (loss) before tax (2200 +2310 + 2320 + 2330 + 2340 + 2350)	2300	50 219 248	74 576 579
Р.19 ПП**	Current income tax, including:	2410	( 10 250 545 )	( 14 894 202 )
	Permanent tax liabilities	2411	( 6 532 520 )	( 6 586 065 )
	Deferred income tax	2412	( 3 718 025 )	( 8 308 137 )
	Other, including:	2460	( 3 326 )	( 197 558 )
	Other similar mandatory payments	2461	( 3 326 )	( 102 605 )
	Income tax adjustment for the previous periods	2462	-	( 94 953 )
	Net profit (loss) for the reporting period	2400	39 965 377	59 484 819

Notes	Item	Code	As of December 31, 2020	As of December 31, 2019
Р.3.3 ПП**	FOR REFERENCE Result of the fixed assets revaluation, not included in the net profit (loss) for the period	2510	17 703 561	22 209 142
	Result of the other operations, not included in the net profit (loss) for the period	2520	-	-
	Income tax on transactions that are not included in the net profit (loss) of the period	2530	( 3 540 712 )	( 4 441 828 )
	Total financial result for the period	2500	54 128 226	77 252 133
Р.13 ПП**	Basic profit (loss) per share	2900	0.031353624	0.04666701
	Diluted profit (loss) per share	2910	-	-

* - Explanatory Notes to the Balance Sheet and Statement of Financial Position for 2020

** - Notes to the Balance Sheet and the Statement of Financial Result for 2020

a management company of FGC UES, PJSC Chief executive of PJSC ROSSETI

A.V. Ryumin

" " 2021 03 March

Annex No. 2 to Decree of the Russian Ministry of Finance No. 66n dated July 2, 2010 (as revised by Decrees of the Russian Ministry of Finance No. 124n dated October 5, 2011, No. 57n dated April 6, 2015

Statement of Changes in Equity

for 2020

				Codes
		Form according to OKUD	0710004
		Date (day, month, year)	31	12	2020
	Public Joint Stock Company
	"Federal Grid Company of
Company	Unified Energy System"	according to OKPO		56947007
Taxpayer Identification Number		INN		4716016979
Types of economic activity	power transmission	according to OKVED 2		35.12
Form of incorporation/ownership
public joint-stock company / mixed Russian assets with a federal share		according to OKOPF/OKFS	47		41
Measurement unit: RUB thousand		according to OKEI		384

1. Changes in equity

Item	Code	Authorized capital	Treasury stock	Additional capital	Reserve capital	Undistributed profit (uncovered loss)	Total
1 Capital value as of December 31, 20 18	3100	637 332 662	-	272 802 839	21 610 434	142 430 454	1 074 176 389
2 For 20 19
Total increase in capital value:	3210	-	-	17 767 314	-	59 484 819	77 252 133
including:
net profit	3211	х	х	х	х	59 484 819	59 484 819
revaluation of assets	3212	х	х	17 767 314	х	-	17 767 314
income relating directly to the increase in capital	3213	х	х	-	х	-	-
additional issue of shares	3214	-	-	-	х	х	-
increase in par value of shares	3215	-	-	-	х	-	х
reorganization of legal entity	3216	-	-	-	-	-	-
other	3217	-	-	-	-	-	-
							Форма 0710023 с. 2
Item	Code	Authorized capital	Treasury stock	Additional capital	Reserve capital	Undistributed profit (uncovered loss)	Total
Total reduction of capital value:	3220	-	-	-	-	) ( 31 678 663	) ( 31 678 663
including:
loss	3221	х	х	х	х	-	-
revaluation of assets	3222	х	х	-	х	-	-
expenses relating directly to the reduction of
capital	3223	х	х	-	х	-	-
decrease in par value of shares	3224	-	-	-	х	-	-
reduction in number of shares	3225	-	-	-	х	-	-
reorganization of legal entity	3226	-	-	-	-	-	-
dividends	3227	х	х	х	х	) ( 31 678 663	) ( 31 678 663
Change in the additional capital	3230	х	х	) ( 2 994 455	-	2 994 455	х
Change in the reserve capital	3240	х	х	х	2 809 347	) ( 2 809 347	х
2 Capital value as of December 31, 20 19	3200	637 332 662	-	287 575 698	24 419 781	170 421 718	1 119 749 859
3 For 20 20
Total increase in capital value:	3310	-	-	14 162 849	-	39 965 377	54 128 226
including:
net profit	3311	х	х	х	х	39 965 377	39 965 377
revaluation of assets	3312	х	х	14 162 849	х	-	14 162 849
income relating directly to the increase in capital	3313	х	х	-	х	-	-
additional issue of shares	3314	-	-	-	х	х	-
increase in par value of shares	3315	-	-	-	х	-	х
reorganization of legal entity	3316	-	-	-	-	-	-
Total reduction of capital value:	3320	-	-	-	-	) ( 12 102 103	) ( 12 102 103
including:
loss	3321	х	х	х	х	-	-
revaluation of assets	3322	х	х	-	х	-	-
expenses relating directly to the reduction of
capital	3323	х	х	-	х	-	-
decrease in par value of shares	3324	-	-	-	х	-	-
reduction in number of shares	3325	-	-	-	х	-	-
reorganization of legal entity	3326	-	-	-	-	-	-
dividends	3327	х	х	х	х	) ( 12 102 103	) ( 12 102 103
other	3328	-	-	-	-	-	-
Change in the additional capital	3330	х	х	) ( 672 403	-	672 403	х
Change in the reserve capital	3340	х	х	х	2 906 942	) ( 2 906 942	х
3 20 Capital value as of December 31, 20	3300	637 332 662	-	301 066 144	27 326 723	196 050 453	1 161 775 982

2. Adjustments due to changes in the accounting policy and errors elimination

Item		As of December 31,	Changes in equity in 20	As of December 31,
		1 20 18	due to net profit (loss)	due to other factors	2 20 19
Total equity
prior to adjustments	3400	1 090 393 702	58 138 831	( 9 469 521 )	1 139 063 012
adjustments due to:
changes in accounting policy	3410	( 16 217 313 )	1 345 988	( 4 441 828	) ( 19 313 153 )
errors correction	3420	-	-	-	-
after adjustments	3500	1 074 176 389	59 484 819	( 13 911 349 )	1 119 749 859
including:
undistributed profit (loss):
prior to adjustments	3401	98 413 848	58 138 831	( 30 744 942 )	125 807 737
adjustments due to:
changes in accounting policy	3411	44 016 606	1 345 988	) ( 748 613	44 613 981
errors correction	3421	-	-	-	-
after adjustments	3501	142 430 454	59 484 819	( 31 493 555 )	170 421 718
other capital items subject to adjustments:
Authorized share capital
prior to adjustments	3402	991 979 854	-	21 275 421	1 013 255 275
adjustments due to:
changes in accounting policy	3412	) ( 60 233 919	-	( 3 693 215	) ( ) 63 927 134
errors correction	3422	-	-	-	-
after adjustments	3502	931 745 935	-	17 582 206	949 328 141

3. Net assets

Item	Code	As of December 31, 3 20 20	As of December 31, 2 20 19	As of December 31, 1 20 18
Net assets	3600	1 162 376 297	1 120 375 530	1 074 819 906

Генеральный директор ПАО «Россети» управляющей организации ПАО «ФСК ЕЭС» A.V. Ryumin Chief executive of PJSC ROSSETI a management company of FGC UES, PJSC

" 03 " March 2021

Notes

1. The year preceding the previous year is indicated

2. The previous year is indicated 3. The reporting year is indicated

Annex to Decree of the Russian Ministry of Finance No. 66n dated July 2, 2010 (as revised by Decree of the Russian Ministry of Finance No. 124n dated October 5, 2011, No. 57n dated April 6, 2015, No. 61n dated April 19, 2019)

Codes

CASH FLOW STATEMENT

for 2020

			Form according to OKUD		0710005
		Date (day, month, year)			12	2020
	Public Joint Stock Company			31
			according to OKPO
	"Federal Grid Company of
Company	Unified Energy System"			56947007
Taxpayer Identification Number			INN		4716016979
Type of economic activity	power transmission		according to OKVED 2		35.12
	public joint-stock company / mixed Russian assets with
	a federal share		according to OKOPF/OKFS
Form of incorporation/ownership			47 41
Measurement unit:	RUB thousand		according to OKEI		384
			For	For
	Item	Code	2020		2019
	1	2	3		4
	Cash flows from operating activities
Total receipts		4110	252 211 245		257 011 312
including:
from sale of products, goods, work, services		4111	238 136 359	242 382 294
	from lease payments, license payments, royalties, commission payments, and other
similar paymentsй		4112	1 070 448		977 496
from resale of financial investments		4113	-	-
other receipts		4119	13 004 438		13 651 522
Total payments:		4120	( 129 193 135 )		( 126 925 852	)
	o suppliers (contractors) for raw materials, supplies, work, services	4121	( 63 025 259 )		( 62 530 500	)
payroll expenses		4122	( 18 585 645 )		( 18 502 284	)
interest on debt obligations		4123	( 5 477 606	)	( 5 124 376	)
corporate tax		4124	( 9 902 892	)	( 8 410 778	)
other payments	4129	( 32 201 733 )		( 32 357 914	)
Net cash flows from operating activities	4100	123 018 110		130 085 460
	Cash flows from investing activities
Total receipts, including:		4210	28 498 276		43 812 598
	from sale of fixed assets (excluding financial investments)	4211	173 300		161 136
from sale of shares (interests) in other entities		4212	-		32 140 976
	from repayment of loans, from sale of debt securities (receivables from other entities)	4213	26 309 650		7 964 060
	from dividends, interest on financial investments, and similar proceeds from
shareholdings in other entities		4214	2 015 326		3 546 426
other receipts		4219	-		-
Total payments, including:		4220	( 137 297 540	)	( 135 367 204	)
	in connection with acquisition, creation, modernization, rehabilitation, and preparation
for use of noncurrent assets	4221	( 98 408 383	)	( 96 590 932	)
in connection with acquisition of shares (interests) in other entities	4222	-		( 74 062	)
in connection with acquisition of debt securities (receivables from other entities), loans
extended to other entities		4223	( 30 478 501	)	( 27 820 933	)
	interest on debt obligations included in investment asset value	4224	( 8 410 651	)	( 10 881 272	)
other payments		4229	( 5	)	( 5	)
Net cash flows from investing activities		4200	( 108 799 264	)	( 91 554 606	)

0710005 с.2
1	2	3	4
Cash flows from financing activities
Total receipts, including:	4310	29 996 250	-
received loans and advances	4311	-	-
cash contributions from owners (members)	4312	-	-
from issue of shares, participatory interest increase	4313	-	-
from issue of bonds, notes, other debt securities, etc.	4314	29 996 250	-
other receipts	4319	-	-
Total payments, including:	4320	( 50 746 663 )	( 39 869 610 )
to owners (members) in connection with shares (interests) purchased from them in
entities or in connection with their withdrawal from members		-	-
for dividends or other payments for profit distribution to owners (members)	4322	( 23 331 405 )	( 20 449 361 )
in connection with redemption (repurchase) of notes and other debt securities,
repayment of loans and advances	4323	( 27 415 258 )	( 19 420 249 )
other payments	4329	-	-
Net cash flows from financing activities	4300	( 20 750 413 )	( 39 869 610 )
Net cash flows for accounting period	4400	( 6 531 567 )	( 1 338 756 )
Balance of cash and cash equivalents at beginning of accounting period	4450	30 434 073	31 772 829
Balance of cash and cash equivalents at end of accounting period		23 902 506	30 434 073
Effect of changes in exchange rate between foreign currency and Russian ruble	4490

Chief Executive PJSC ROSSETI a management company of FGC UES, PJSC

A.V. Ryumin

" 03 " March 2021