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

INCOME STATEMENT €1 Jan–31 Dec 20181 Jan–31 Dec 2017
TURNOVER49,069,966.5846,036,654.81
Other operating income1,220,122.14427,510.95
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 RESULT5,263,119.513,786,835.68
Finance income and costs-10,296.74-13,089.21
RESULT BEFORE
APPROPRIATIONS AND TAXES5,252,822.773,773,746.47
Appropriations
Group subventions paid-5,252,563.98-3,772,906.40
Income taxes-258.79-840.07
RESULT FOR THE FINANCIAL YEAR0.000.00
BALANCE SHEET €31.12.201831.12.2017
ASSETS
NON-CURRENT ASSETS
Tangible assets8,234,049.992,914,227.17
TOTAL NON-CURRENT ASSETS8,234,049.992,914,227.17
CURRENT ASSETS
Current receivables17,881,264.7312,345,732.64
Cash and cash equivalents16,532.442,215,155.55
TOTAL CURRENT ASSETS17,897,797.1714,560,888.19
26,131,847.1617,475,115.36
EQUITY AND LIABILITIES
EQUITY
Share capital2,522.822,522.82
Retained result90,370.6390,370.63
Result for the financial year0.000.00
TOTAL EQUITY92,893.4592,893.45
LIABILITIES
Non-current liabilities3,820,717.680.00
Current liabilities22,218,236.0317,382,221.91
TOTAL LIABILITIES26,038,953.7117,382,221.91
26,131,847.1617,475,115.36
CASH FLOW STATEMENT €20182017
Operating activities
Business result5,263,119.513,786,835.68
Change in working capital (1)-4,134,506.971,150,418.08
Interest paid-10,430.26-13,089.94
Interest received133.520.73
Taxes paid-258.79-840.07
Cash flow from operations1,118,057.014,923,324.48
Investment activities
Network construction-5,319,822.82-4,072,729.53
Profit from assignments of tangible and intangible assets0.001,955,331.42
Increase (-) or decrease (+) in short-term non-interest-bearing receivables associated with investments2,424,610.968,980,954.87
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-3,364,491.405,233,879.76
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 liabilities2,715,000.000.00
Increase (+) or decrease (-) in long-term interest-bearing liabilities1,479,657.58-2,228,574.22
Group subventions paid, interest-bearing-5,252,563.98-3,772,906.40
Cash flow from financing activities47,811.28-7,942,048.69
Change in cash and cash equivalents-2,198,623.112,215,155.55
Liquid assets 1 Jan2,215,155.550.00
Liquid assets 31 Dec16,532.442,215,155.55
(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 liabilities3,825,636.081,620,216.28
-4,134,506.971,150,418.08