Separate financial statements for the electricity network operations of EPV Tuotantoverkko Oy in accordance with section 32 of the Electricity Market Act.
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 | 3 367 821,06 | 2 403 727,53 |
| | |
| Other income | 10 200,00 | 128 747,20 |
| Materials and services | -1 617 403,69 | -994 711,85 |
| Personnel expenses | 8 548,80 | -48 644,30 |
| Depreciation and impairment charges | -243 468,24 | -168 551,67 |
| Other expenses | -688 359,89 | -890 188,66 |
| | |
| RESULT | 837 338,04 | 430 378,25 |
| | |
| Financial income and expenses | -10 352,80 | 14,61 |
| | |
| RESULT BEFORE APPROPRIATIONS AND TAXES | 826 985,24 | 430 392,86 |
| | |
| Appropriations | | |
| Difference between planned depreciations and tax depreciations | 149 605,83 | 48 597,22 |
| Given group subventions | 0,00 | -477 000,00 |
| | |
| Income taxes | | |
| Taxes of the financial year | -195 311,12 | -435,47 |
| | |
| RESULT OF THE FINANCIAL YEAR | 781 279,95 | 1 554,61 |
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| BALANCE SHEET € | 31.12.2017 | 31.12.2016 |
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| ASSETS | | |
| | |
| NON-CURRENT ASSETS | | |
| | |
| Intangible assets | 174 341,49 | 194 045,94 |
| Tangible assets | 4 128 075,82 | 4 351 839,61 |
| | |
| NON-CURRENT ASSETS IN TOTAL | 4 302 417,31 | 4 545 885,55 |
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| CURRENT ASSETS | | |
| | |
| Current receivables | 442 371,16 | 1 066 763,51 |
| Cash and cash equivalents | 2 202 324,44 | 1 299 373,91 |
| | |
| CURRENT ASSETS IN TOTAL | 2 644 695,60 | 2 366 137,42 |
| | |
| 6 947 112,91 | 6 912 022,97 |
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| EQUITY AND LIABILITIES | | |
| | |
| EQUITY | | |
| | |
| Share capital | 1 600 000,00 | 1 600 000,00 |
| Retained result | 2 884,34 | 193 329,73 |
| Payment of dividends | 0,00 | -192 000,00 |
| Result of the financial year | 781 279,95 | 1 554,61 |
| | |
| EQUITY IN TOTAL | 2 384 164,29 | 1 602 884,34 |
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| APPROPRIATIONS | | |
| | |
| Depreciation | 4 067 236,29 | 4 216 842,12 |
| | |
| LIABILITIES | | |
| | |
| Current liabilities | 495 712,33 | 1 092 296,51 |
| | |
| LIABILITIES IN TOTAL | 495 712,33 | 1 092 296,51 |
| | |
| 6 947 112,91 | 6 912 022,97 |
| CASH FLOW STATEMENT € | 2017 | 2016 |
| | |
| Operations | | |
| Result | 837 338,04 | 430 378,25 |
| Adjustments to operating result (1) | 243 468,24 | 168 551,67 |
| Change in working capital (2) | 27 808,17 | -465 270,02 |
| Interest paid | -10 388,35 | -2,55 |
| Interest received | 35,55 | 17,16 |
| Direct taxes | -195 311,12 | -12 943,06 |
| Cash flow from operations | 902 950,53 | 120 731,45 |
| | |
| Investments | | |
| Investments in intangible and tangible assets | 0,00 | 726 712,11 |
| Advance payments received, increase (+) or decrease (-) | 0,00 | -905 000,00 |
| Cashflow from investments | 0,00 | -178 287,89 |
| | |
| Financing | | |
| Increase (-) or decrease (+) in interest-bearing receivables | 0,00 | 649 556,44 |
| Dividend paid/span> | 0,00 | -192 000,00 |
| Group contributions received and paid | 0,00 | -400 000,00 |
| Cash flow from financing | 0,00 | 57 556,44 |
| | |
| Change in cash and cash equivalents | 902 950,53 | 0,00 |
| Liquid assets 1 January | 1 299 373,91 | 0,00 |
| Liquid assets 31 December | 2202 324,44 | 0,00 |
| | |
| Adjustments to operating result (1) | | |
| Depreciation and write-downs | 243 468,24 | 168 551,67 |
| | |
| | |
| Change in working capital (2) | | |
| Increase (-) or decrease (+) in non-interest-bearing receivables | 624 392,35 | -656 248,31 |
| Increase (+) or decrease (-) in short-term non-interest-bearing liabilities | -596 584,18 | 190 978,29 |
| 27 808,17 | -465 270,02 |
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