Net Cash Flows, RUB million
| 2011 | 2012 | 2013 | 2014 | 2015 | |
|---|---|---|---|---|---|
| Net cash flows | 6,004 | 281 | -3,196 | 22,149 | -17,503 |
| Net cash flows from operations | 99,194 | 100,494 | 86,688 | 101,013 | 99,090 |
| Net cash flows from investments | -163,742 | -173,183 | -163,485 | - 53,849 | -132,629 |
| Net cash flows from financial operations | 70,552 | 72,970 | 73,601 | - 25,015 | 16,037 |
Net cash flows from operations in 2015 were as follows:
- Cash inflows from power transmission services via UNEG amounting to RUB160,139 million
- Refund under bank guarantees of RUВ3,901 million under contracts for construction, technical upgrade and refurbishment of Federal Grid’s facilities because of contractors’ failure to perform or properly perform their contractual obligations
- Cash inflows from property lease in the amount of RUB972 million
- Payments to vendors for materials and supplies, work, services, and labour of RUB49,602millio
- Profit tax refund payments of RUB1,165 million
- Property tax payments of RUB6,802 million
- Interest payments of RUB6,645 million
Net cash flows from investments in the reporting year included the following:
- Gains from placement of temporarily free funds at bank deposits in the amount of RUB2,339 million.
- Investment-related payments of RUB129,687 million
- Loan/interest-related losses in the amount of RUB7,312 million
Net cash flows from financial operations of RUB16,037 million included the buy-out of Federal Grid’s infrastructure bonds (37th and 38th series) in the amount of RUB39,995 million and debt repayment of RUB23,210 million.