Accounts payable

Analysis of changes in short-term payables, mln rub.
On 31.12.2018 On 31.12.2017 On 31.12.2016
Short-term payables, including 12,833.09 11,044.75 8,280.20
Suppliers and contractors 5,238.56 6,198.14 4,837.35
Promissory notes payable
Taxes and fees 606.53 258.01 654.43
Advances received 5,164.80 2,889.10 1,922.41
Other accounts payable 1,823.20 1,699.51 866.01

Short-term payables for 2018 are higher by 1,788.34 million rubles, compared with 2017 and as of December 31, 2018, amounted to 12,833.09 million rubles.

The following changes occurred during the reporting year:

  • the indebtedness to suppliers and contractors became lower by 959.58 million rubles due to a decrease in the debt on settlements for electricity transit services by 809.44 million rubles. and a reduction in debt for electricity purchased in order to compensate for losses by 253.46 million rubles;
  • the debt on advances received was higher by 2,257.71 million rubles, advances for technological connection make up the bulk of the debt on advances received — 5,144.42 million rubles;
  • wage arrears to staff is higher by 103.65 million rubles;
  • arrears of taxes and duties are higher by 348.52 million rubles.

Overdue payables in Kubanenergo PJSC based on the results of activities in 2018 is 3,058.04 million rubles.

According to the results of 2018, long-term payables amounted to 1,248.68 million rubles.