Accounts receivable
| On 31.12.2018 | On 31.12.2017 | On 31.12.2016 | |
|---|---|---|---|
| Accounts receivable, including: | 7,057.41 | 6,847.39 | 7,119.42 |
| Customers and Buyers of electricity transmission | 6,206.67 | 6,155.95 | 6,410.58 |
| Notes receivable | 6,091.36 | 6,104.65 | 6,381.93 |
| Advances issued | 34.49 | 32.12 | 13.37 |
| Other receivables | 816.26 | 659.32 | 695.47 |
The total amount of receivables of Kubanenergo PJSC at the beginning of the reporting year amounted to 6,847.39 million rubles, and as of December 31, 2018 — 7,057.41 million rubles.
Accounts receivable from buyers and customers amounted to 6,206.67 million rubles, which is 50.72 million rubles (0.82%) above the level as of December 31, 2017, the increase was due to a rise in the debt on other buyers and customers by 59.45 million rubles.
Accounts receivable on advances issued amounted to 34.49 million rubles, which is 2.37 million rubles (7.38%) above the level as of December 31, 2017.
Accounts receivable for other debts amounted to 816.26 million rubles, which is 156.93 million rubles. (23.80%) below the level as of December 31, 2017.
The main share (86.31%) of accounts receivable of the Company was formed in settlements for the services rendered for the transmission of electricity.
Cost accounts receivable reduction efforts for electricity transmission services
Accounts receivable for services rendered for the transmission of electricity to counterparties of Kubanenergo PJSC as of December 31, 2018 (net of allowance for doubtful debts) 6,091.36 million rubles in total. Disputable receivables at the end of the reporting year amounted to 829.79 million rubles.
Compared to 2017, accounts receivable (based on debt before deducting allowance for doubtful debts) were reduced by 226.71 million rubles. (3.07%).
PJSC "TNS Energo Kuban" is one of the largest debtors for electricity transmission services rendered, whose debt as of December 31, 2018, was 3,456.47 million rubles, including the disputed part — 506.45 million rubles, with the average monthly volume of services provided by the Company in the amount of 2,079.57 million rubles is 1.7 of a settlement period.
To reduce accounts receivable, the Company conducts claim-related work, including settlement of disputes in the pre-trial and court proceedings.
| 2017 | ||||
|---|---|---|---|---|
| Total received positive court decisions, cases/sums of claims | Total received writs of execution for the amount of | Extinguished debt according to the writs of execution | Denied in recovery, cases/ amount of claims | Share of claims satisfied in favor of the Company |
| 62 cases/ 911.15 million rubles | 913.63 million rubles | 544.38 million rubles/ 59.58% | 2 cases / 50.320 million rubles | 99.7% |
| 2018 | ||||
|---|---|---|---|---|
| Total received positive court decisions, cases/sums of claims | Total received writs of execution for the amount of | Extinguished debt according to the writs of execution | Denied in recovery, cases/ amount of claims | Share of claims satisfied in favor of the Company |
| 127 cases/ 1,070.5 million rubles | 995.06 million rubles | 780.47 million rubles/ 78.43% | 3 cases/ 22.95 million rubles | 97.9% |
The coverage of overdue receivables for electricity transmission services measures aimed at its reduction is at a consistently high level and December 31, 2018, is 99.16%.