FGC ROSSETI

Annual / Quarterly Financial Statement • Apr 30, 2020

Section II Total

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

as of . March 31 20 20

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,

					OKUD Form No. 1	CODES 0710001
					Date (year, month, day)	2020 03 31
		Public Joint Stock Company
Federal Grid Company of Organization					as per OKPO	56947007
			Unified Energy System
Taxpayer Identification Number (INN)					INN	4716016979
Type of activity Form of legal entity's			power transmission		as per OKVED 2	35.12
incorporation / form of		public joint-stock company / mixed Russian assets with a federal share				47 41
ownership					as per OKOPF/OKFS
Unit of measurement: Location (address)		RUB, in thousands 5A Akademika Chelomeya Street, Moscow, Russia, 117630			as per OKEI	384
		Accounting statements are subject to mandatory audit	X YES NO
		Name of the audit organization / last name, first name, patronymic (if any) of the individual auditor
		Taxpayer Identification Number of the audit organization / individual auditor			INN
		Primary State Registration Number of the audit organization /			OGRN/
individual auditor					OGRNI
			Indicator		As of December 31,	As of December 31,
Notes		ASSET	code	As of March 31, 2020	2019	2018
		1	2	3	4	5
		I. NON-CURRENT ASSETS
	Intangible assets		1110	4 298 888	4 658 225	3 741 290
	Research and development results		1120	950	950	6 778
	Fixed assets,		1130	979 175 837	991 719 785	954 319 673
	including:
	land plots and natural resources		1131	1 744 093	1 744 070	1 744 010
		buildings, machinery and equipment, structures	1132 1133	973 352 914 4 078 830	985 725 021 4 250 694	949 044 246 3 531 417
	other fixed assets	Income-bearing investments in tangible assets	1140	-	-	-
	Financial investments		1150	64 407 092	66 038 914	57 702 933
	Deferred tax assets		1160	-	-	-
	Other non-current assets, including:		1170	273 257 855	269 095 933	251 183 633
	equipment for installation		1171	32 090 545	32 897 293	37 726 421
	investments in non-current assets		1172	215 156 787	211 655 187	191 292 474
		advances against non-current assets	1173	25 789 538	24 298 857	21 832 613
	other non-current assets		1174	220 985	244 596	332 125
	Section I Total		1100	1 321 140 622	1 331 513 807	1 266 954 307
		II. CURRENT ASSETS
	Inventory,		1210	12 980 877	11 676 657	10 937 851
	including:	raw materials, materials and other similar assets	1211	12 954 389	11 675 592	10 937 851
		WIP on core services to third parties	1213	26 488	1 065	-
	Value added tax on purchased assets		1220	762 731	973 489	915 376
	Accounts receivable,

Financial investments (except for cash equivalents) 1240 32 571 682 25 735 205 6 578 091 advance payments made 1238 988 042 614 922 1 644 465 other debtors 1239 13 939 358 11 578 691 44 463 712 customers and consumers 1236 33 148 893 34 285 535 31 232 620 amounts owed by members (founders) as share capital payments 1237 - - other debtors 1234 2 163 440 2 138 169 1 831 464 Accounts receivable (payments are expected within 12 months upon the balance sheet date), including: 1235 48 076 293 46 479 148 77 340 797 customers and consumers 1232 86 317 405 83 338 840 90 683 714 advance payments made 1233 - - - Accounts receivable, including: ¹²³⁰ 136 557 138 131 956 157 169 855 975 Accounts receivable (payments are expected over more than 12 months upon the balance sheet date), including: 1231 88 480 845 85 477 009 92 515 178

Cash and cash equivalents 1250 30 291 022 30 434 073 31 772 829 Other current assets 1260 32 783 34 699 48 165

1200 213 196 233 200 810 280 220 108 287

BALANCE 1600 1 534 336 855 1 532 324 087 1 487 062 594

LIABILITY	Indicator code	As of March 31, 2020	As of December 31, 2019	As of December 31, 2018
1	2	3	4	4
III. EQUITY 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	255 696 180	255 708 535	240 935 676
Additional capital (without revaluation)	1350	31 867 163	31 867 163	31 867 163
Reserve capital	1360	24 419 781	24 419 781	21 610 434
Undistributed profit (uncovered loss), including:	1370	180 836 983	170 421 718	142 430 454
Uncovered loss of past years	1371	-	-	-
Undistributed profit of past years	1372	170 437 163	123 512 188	142 430 454
Undistributed profit of the reporting year	1373	10 399 820	46 909 530	-
including interim dividends	1374	-	(11 229 301)	-
Section III Total	1300	1 130 152 769	1 119 749 859	1 074 176 389
IV. LONG-TERM LIABILITIES
Borrowings and loans	1410	206 622 387	196 622 387	224 463 734
Deferred tax liabilities	1420	91 542 750	89 794 704	77 044 739
Estimated liabilities	1430	-	-	-
Other liabilities	1450	27 442 062	27 518 412	17 708 107
Section IV Total	1400	325 607 199	313 935 503	319 216 580
V. SHORT-TERM LIABILITIES Borrowings and loans	1510	20 230 579	30 436 665	22 245 391
Accounts payable,	1520	55 282 028	64 304 991	68 223 409
including:	1521	27 157 659	32 293 176	39 300 899
suppliers and contractors payables to employees	1522	1 025 932	19 038	18 516
payables to state non-budgetary funds	1523	550 332	594 702	660 238
taxes and fees payable	1524	10 638 545	6 950 080	11 041 882
advances received	1525	11 029 985	8 933 134	13 208 422
other creditors	1526	4 578 514	4 020 628	3 778 992
payables to members (founders)	1527	301 061	11 494 233	214 460
Deferred income	1530	619 444	625 671	643 517
Estimated liabilities	1540	2 444 836	3 271 398	2 557 308
Other liabilities	1550	-	-	-
Section V Total	1500	78 576 887	98 638 725	93 669 625
BALANCE	1700	1 534 336 855	1 532 324 087	1 487 062 594

Chief Executive Chief Accountant A.E. Murov A.P. Noskov (signature) (print full name) (signature) (print full name)

" 29 " April 20 20 .

(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)

as of March 31, 2020 . STATEMENT OF FINANCIAL RESULTS

				CODES
	OKUD Form No.2			0710002
		Date (year, month, day)	2020	03 31
	Public Joint Stock Company
Federal Grid Company of as per OKPO Organization			56947007
	Unified Energy System
Taxpayer Identification Number (INN)		INN		4716016979
Type of activity	power transmission	as per OKVED 2		35.12
Form of incorporation / form of ownership	public joint-stock company / mixed Russian assets with a federal share	as per OKOPF/OKFS	47	41
Unit of measurement:	RUB, in thousands	as per OKEI		384

	Indicator
			For the reporting	For the same period of
Notes	description	Code	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	56 737 078	56 721 156
	electric power transmission services	2111	56 174 602	56 273 610
	technological connection services	2112	33 140	9 985
	other activity	2119	529 336	437 561
	Production cost of goods, products and services sold, including:	2120	( 41 889 389 )	( 41 862 450 )
	electric power transmission services	2121	( 41 625 247 )	( 41 580 852 )
	technological connection services	2122	( 24 590 )	( 23 045 )
	other activity	2129	( 239 552 )	( 258 553 )
	Gross profit (2110 + 2120)	2100	14 847 689	14 858 706
	Commercial expenses	2210	-	-
	Administrative expenses	2220	( 1 777 778 )	( 1 494 016 )
	Profit (loss) from sales (2100 + 2210 + 2220)	2200	13 069 911	13 364 690
	Income from participation in other companies	2310	-	-
	Interest income	2320	2 400 739	2 200 159
	Interest expenses	2330	( 1 230 776 )	( 1 544 996 )
	Other income	2340	1 500 335	7 103 170
	quoted financial asset revaluation surplus	2341	-	-
	Other expenses	2350	( 2 519 592 )	( 6 084 848 )
	quoted financial asset revaluation losses	2351	( 1 631 822 )	( 1 406 417 )
	Profit (loss) before tax (2200 +2310 + 2320 + 2330 + 2340 + 2350)	2300	13 220 617	15 038 175
	Income tax, including:	2410	( 2 820 791 )	( 4 232 149 )
	Current income tax	2411	( 1 069 657 )	-
	Deferred income tax	2412	( 1 751 134 )	( 4 232 149 )
	Other, including:	2460	( 6 )	( 196 026 )
	Other similar mandatory payments	2461	( 6 )	( 101 072 )
	Income tax adjustment for the previous periods	2462	-	( 94 954 )
	Net profit (loss) for the reporting period	2400	10 399 820	10 610 000

Notes	Indicator	As of March 31, 2020	As of March 31, 2019
	FOR REFERENCE
	Result of the fixed assets revaluation, not included in the net profit (loss) for the period
	Gain or loss from other operations not included in the net profit for the period
	Total financial result for the period	10 399 821	10 610 000
	Basic earnings (loss) per share, RUB	0,0082	0,00832
	Diluted earnings (loss) per share

Chief Executive		A.E. Murov	Chief Accountant		A.P. Noskov
	(signature)	(print full name)		(signature)
29 " "	April	2020