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 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.-31.12.2017 | 1.1.-31.12.2016 |
|---|---|---|
| TURNOVER | 46 036 654,81 | 44 068 582,48 |
| Other income | 427 510,95 | 2 694 557,76 |
| 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 |
| RESULT | 3 786 835,68 | 6 012 608,69 |
| Financial income and expenses | -13 089,21 | -10 416,03 |
| RESULT BEFORE APPROPRIATIONS AND TAXES | 3 773 746,47 | 6 002 192,66 |
| Appropriations | ||
| Given group subventions | -3 772 906,40 | -6 001 480,62 |
| Income taxes | -840,07 | -712,04 |
| RESULT OF THE FINANCIAL YEAR | 0,00 | 0,00 |
| BALANCE SHEET € | 31.12.2017 | 31.12.2016 |
|---|---|---|
| ASSETS | ||
| NON-CURRENT ASSETS | ||
| Tangible assets | 2 914 227,17 | 796 829,06 |
| NON-CURRENT ASSETS IN TOTAL | 2 914 227,17 | 796 829,06 |
| CURRENT ASSETS | ||
| Current receivables | 12 345 732,64 | 20 856 889,31 |
| Cash and cash equivalents | 2 215 155,55 | 0,00 |
| CURRENT ASSETS IN TOTAL | 14 560 888,19 | 20 856 889,31 |
| 17 475 115,36 | 21 653 718,37 | |
| EQUITY AND LIABILITIES | ||
| EQUITY | ||
| Share capital | 2 522,82 | 2 522,82 |
| Retained result | 90 370,63 | 90 370,63 |
| Result of the financial year | 0,00 | 0,00 |
| EQUITY IN TOTAL | 92 893,45 | 92 893,45 |
| LIABILITIES | ||
| Non-current liabilities | 0,00 | 1 940 568,07 |
| Current liabilities | 17 382 221,91 | 19 620 256,85 |
| LIABILITIES IN TOTAL | 17 382 221,91 | 21 560 824,92 |
| 17 475 115,36 | 21 653 718,37 |
| CASH FLOW STATEMENT | 2017 | 2016 |
|---|---|---|
| Operations | ||
| Result | 3 786 835,68 | 6 012 608,69 |
| Adjustments to operating result 1) | 1 150 418,08 | -7 233 350,90 |
| Interest paid | -13 089,94 | -10 600,14 |
| Interest received | 0,73 | 184,11 |
| Taxes paid | -840,07 | -712,04 |
| Cash flow from operations | 4 923 324,48 | -1 231 870,28 |
| Investments | ||
| Network construction | -4 072 729,53 | -5 484 188,77 |
| Proceeds from sales of tangible and intangible assets | 1 955 331,42 | 14 371 231,05 |
| Receivables related to proceeds from sales of tangible and intangible assets | 8 980 954,87 | -11 405 565,83 |
| Increase (+) or decrease (-) in short-term investment-related non-interest-bearing liabilities | -1 629 677,00 | 20 989 56,54 |
| Cash flow from investments | 5 233 879,76 | -419 567,01 |
| Financing | ||
| Withdrawals of long-term loans | 0,00 | 1 940 568,07 |
| Repayment of long-term loans | -1 940 568,07 | 0,00 |
| Increase (+) or decrease (-) in short-term interest-bearing liabilities | -2 228 574,22 | 2 243 796,76 |
| 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 equivalents | 2 215 155,55 | -3 468 553,08 |
| Liquid assets 1 January | 0,00 | 3 468 553,08 |
| Liquid assets 31 December | 2 215 155,55 | 0,00 |
| 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 liabilities | 1 620 216,28 | -6 708 868,98 |
| 1 150 418,08 | -7 233 350,90 |
