Notes to the financial statement

NOTES TO THE INCOME STATEMENT (€1,000)
	Group		Parent company
	2018	2017	2018	2017

1. TURNOVER

Sales of electricity	267,593 1)	182,085 1)	159,917	118,638
Sales of heat	32,584	22,783	1,661	1,424
Other activities	62,091	60,376	7,684	6,995
	362,268	265,244	169,262	127,057

1) Deals (sales and purchases) closed with the Nord Pool power exchange or other
wholesale markets are presented according to the gross principle, as in previous years.


2. OTHER OPERATING INCOME

Rental income	405	449	379	435
Capital gains on fixed assets	503	0	0	0
Other income	2,806	5,096	3,887	3,595
	3,713	5,545	4,266	4,030


3. MATERIALS AND SERVICES

Energy purchases and distribution charges	183,671 1)	129,636 1)	80,929	59,540
Fuels	36,138	21,433	586	0
Emission allowance purchases	16,826	2,613	16,181	2,608
Purchases during the financial year	236,635	153,682	97,696	62,148
Increase (-) or decrease (+) in inventories	-137	-262	0	0
External services	4,428	2,968	1,455	1,937
	240,926	156,388	99,151	64,085


1) Deals (sales and purchases) closed with the Nord Pool power exchange or
other wholesale markets are presented according to the gross principle, as in previous years.


4. PERSONNEL EXPENSES

Wages, salaries and bonuses	7,128	5,414	3,927	3,760
Pension expenses	1,327	1,035	755	734
Other additional personnel expenses	191	184	128	143
	8,645	6,632	4,811	4,636

Salaries and bonuses paid to the
CEO and the Board of Directors	510	509	495	496

Average number of personnel during the financial year	101	71	48	45


5. DEPRECIATION AND IMPAIRMENT CHARGES

Planned depreciations
Intangible assets	460	460	60	60
Other capitalised long-term expenses	1,427	1,247	353	434
Buildings and structures	3,120	1,904	150	145
Machinery and equipment	18,833	12,182	659	592
Electricity network	3,384	3,259	1,905	1,969
Other tangible assets	72	72	0	0
Peat resources	117	43	0	0
	27,413	19,168	3,127	3,200

6. OTHER OPERATING EXPENSES

Firm energy purchases	62,287	57,541	68,364	58,701
External services	13,706	9,546	811	634
Administrative costs	1,394	932	844	660
Rent	1,535	1,267	383	375
Materials and supplies	1,762	894	204	196
Other personnel expenses	638	507	406	418
Commitment expenses and public payments	2,155	860	124	122
Other expenses	460	372	471	0
	83,937	71,917	71,608	61,107



Auditor’s fees
Auditing fees	117	102	63	68
Certificates and expert opinions	2	2	2	1
Tax advisory fees	22	39	21	39
Other services	18	14	16	13
	160	158	102	122


7. FINANCE INCOME AND COSTS

Dividend income
From others	176	856	176	856
	176	856	176	856

Other interest and finance income
From Group companies	-	-	82	286
From associated companies	39	33	33	33
From others	396	463	344	355
	435	496	459	673

Interest and other finance costs
From Group companies	-	-	0	0
From associated companies	-27	-32	0	0
To others	-6,779	-5,634	-2,068	-2,671
	-6,806	-5,666	-2,068	-2,671

Total finance income and costs	-6,195	-4,315	-1,433	-1,142


8. INCOME TAXES

Income tax on ordinary activities	77	220	0	0
Changes in deferred tax liabilities	105	2,452	-	-
	182	2,672	0	0

Notes to the financial statement

Accounting policies

Notes to the balance sheet