In 2014, the Company’s revenue increased slightly by 0.5% y-o-y to RUB 759.6 bn (2013: RUB 755.8 bn). At the same time, revenue from electricity transmission rose by 6.8% driven by growth of the average electricity transmission tariffs. Group revenues from the sale of electricity decreased by 31.9% as certain ROSSETI subsidiaries, in accordance with the resolution of the Russian Ministry of Energy in 2014, transferred the function of guaranteed supplier to external companies that had won guaranteed supplier tenders.