Separate financial statements for the electricity network operations of EPV Alueverkko Oy in accordance with section 32 of the Electricity Market Act.

The complete financial statements of EPV Alueverkko Oy are available on the company’s website at www.epa.fi

Please note that the figures are written according to Finnish standards, which means that decimals are separated through commas instead of periods.

INCOME STATEMENT €1.1.-31.12.20171.1.-31.12.2016
TURNOVER46 036 654,8144 068 582,48
Other income427 510,952 694 557,76
Materials and services-34 817 769,28-32 900 560,43
Personnel expenses-335 756,58-305 062,63
Other expenses-7 523 804,22-7 544 908,49
RESULT3 786 835,686 012 608,69
Financial income and expenses-13 089,21-10 416,03
RESULT BEFORE APPROPRIATIONS AND TAXES3 773 746,476 002 192,66
Appropriations
Given group subventions-3 772 906,40-6 001 480,62
Income taxes-840,07-712,04
RESULT OF THE FINANCIAL YEAR0,000,00
BALANCE SHEET €31.12.201731.12.2016
ASSETS
NON-CURRENT ASSETS
Tangible assets2 914 227,17796 829,06
NON-CURRENT ASSETS IN TOTAL2 914 227,17796 829,06
CURRENT ASSETS
Current receivables12 345 732,6420 856 889,31
Cash and cash equivalents2 215 155,550,00
CURRENT ASSETS IN TOTAL14 560 888,1920 856 889,31
17 475 115,3621 653 718,37
EQUITY AND LIABILITIES
EQUITY
Share capital2 522,822 522,82
Retained result90 370,6390 370,63
Result of the financial year0,000,00
EQUITY IN TOTAL92 893,4592 893,45
LIABILITIES
Non-current liabilities0,001 940 568,07
Current liabilities17 382 221,9119 620 256,85
LIABILITIES IN TOTAL17 382 221,9121 560 824,92
17 475 115,3621 653 718,37
CASH FLOW STATEMENT20172016
Operations
Result3 786 835,686 012 608,69
Adjustments to operating result 1)1 150 418,08-7 233 350,90
Interest paid-13 089,94-10 600,14
Interest received0,73184,11
Taxes paid-840,07-712,04
Cash flow from operations4 923 324,48-1 231 870,28
Investments
Network construction-4 072 729,53-5 484 188,77
Proceeds from sales of tangible and intangible assets1 955 331,4214 371 231,05
Receivables related to proceeds from sales of tangible and intangible assets8 980 954,87-11 405 565,83
Increase (+) or decrease (-) in short-term investment-related non-interest-bearing liabilities-1 629 677,0020 989 56,54
Cash flow from investments5 233 879,76-419 567,01
Financing
Withdrawals of long-term loans0,001 940 568,07
Repayment of long-term loans-1 940 568,070,00
Increase (+) or decrease (-) in short-term interest-bearing liabilities-2 228 574,222 243 796,76
Given group subventions including interest-3 772 906,40-6 001 480,62
Cash flow from financing-7 942 048,69-1 817 115,79
Change in cash or cash equivalents2 215 155,55-3 468 553,08
Liquid assets 1 January0,003 468 553,08
Liquid assets 31 December2 215 155,550,00
1) Change in working capital
Increase (-) or decrease (+) in non-interest-bearing receivables-469 798,20-524 481,92
Increase (+) or decrease (-) in short-term non-interest-bearing liabilities1 620 216,28-6 708 868,98
1 150 418,08-7 233 350,90