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
| INCOME STATEMENT € | 1 Jan–31 Dec 2018 | 1 Jan–31 Dec 2017 |
| | |
| | |
| TURNOVER | 49,069,966.58 | 46,036,654.81 |
| | |
| Other operating income | 1,220,122.14 | 427,510.95 |
| Materials and services | -37,549,840.71 | -34,817,769.28 |
| Personnel expenses | -297,953.62 | -335,756.58 |
| Other operating expenses | -7,179,174.88 | -7,523,804.22 |
| | |
| BUSINESS RESULT | 5,263,119.51 | 3,786,835.68 |
| | |
| Finance income and costs | -10,296.74 | -13,089.21 |
| | |
| RESULT BEFORE | | |
| APPROPRIATIONS AND TAXES | 5,252,822.77 | 3,773,746.47 |
| | |
| Appropriations | | |
| Group subventions paid | -5,252,563.98 | -3,772,906.40 |
| | |
| Income taxes | -258.79 | -840.07 |
| | |
| RESULT FOR THE FINANCIAL YEAR | 0.00 | 0.00 |
| BALANCE SHEET € | 31.12.2018 | 31.12.2017 |
| | |
| | |
| | |
| ASSETS | | |
| | |
| NON-CURRENT ASSETS | | |
| | |
| Tangible assets | 8,234,049.99 | 2,914,227.17 |
| | |
| TOTAL NON-CURRENT ASSETS | 8,234,049.99 | 2,914,227.17 |
| | |
| | |
| CURRENT ASSETS | | |
| | |
| Current receivables | 17,881,264.73 | 12,345,732.64 |
| Cash and cash equivalents | 16,532.44 | 2,215,155.55 |
| | |
| TOTAL CURRENT ASSETS | 17,897,797.17 | 14,560,888.19 |
| | |
| | |
| 26,131,847.16 | 17,475,115.36 |
| | |
| | |
| | |
| EQUITY AND LIABILITIES | | |
| | |
| EQUITY | | |
| | |
| Share capital | 2,522.82 | 2,522.82 |
| Retained result | 90,370.63 | 90,370.63 |
| Result for the financial year | 0.00 | 0.00 |
| | |
| TOTAL EQUITY | 92,893.45 | 92,893.45 |
| | |
| LIABILITIES | | |
| | |
| Non-current liabilities | 3,820,717.68 | 0.00 |
| Current liabilities | 22,218,236.03 | 17,382,221.91 |
| | |
| TOTAL LIABILITIES | 26,038,953.71 | 17,382,221.91 |
| | |
| | |
| 26,131,847.16 | 17,475,115.36 |
| CASH FLOW STATEMENT € | 2018 | 2017 |
| | |
| | |
| Operating activities | | |
| Business result | 5,263,119.51 | 3,786,835.68 |
| Change in working capital (1) | -4,134,506.97 | 1,150,418.08 |
| Interest paid | -10,430.26 | -13,089.94 |
| Interest received | 133.52 | 0.73 |
| Taxes paid | -258.79 | -840.07 |
| Cash flow from operations | 1,118,057.01 | 4,923,324.48 |
| | |
| Investment activities | | |
| Network construction | -5,319,822.82 | -4,072,729.53 |
| Profit from assignments of tangible and intangible assets | 0.00 | 1,955,331.42 |
| Increase (-) or decrease (+) in short-term non-interest-bearing receivables associated with investments | 2,424,610.96 | 8,980,954.87 |
| Increase (+) or decrease (-) in short-term non-interest-bearing liabilities associated with investments | -469,279.54 | -1,629,677.00 |
| Cash flow from investment activities | -3,364,491.40 | 5,233,879.76 |
| | |
| Financing activities | | |
| Proceeds from non-current financing (liabilities) | 1,105,717.68 | -1,940,568.07 |
| Increase (+) or decrease (-) in long-term non-interest-bearing liabilities | 2,715,000.00 | 0.00 |
| Increase (+) or decrease (-) in long-term interest-bearing liabilities | 1,479,657.58 | -2,228,574.22 |
| Group subventions paid, interest-bearing | -5,252,563.98 | -3,772,906.40 |
| Cash flow from financing activities | 47,811.28 | -7,942,048.69 |
| | |
| Change in cash and cash equivalents | -2,198,623.11 | 2,215,155.55 |
| Liquid assets 1 Jan | 2,215,155.55 | 0.00 |
| Liquid assets 31 Dec | 16,532.44 | 2,215,155.55 |
| | |
| | |
| | |
| (1) Change in working capital | | |
| Increase (-) or decrease (+) in non-interest-bearing receivables | -7,960,143.05 | -469,798.20 |
| Increase (+) or decrease (-) in short-term non-interest-bearing liabilities | 3,825,636.08 | 1,620,216.28 |
| -4,134,506.97 | 1,150,418.08 |
