Separate financial statements for the electricity network operations of EPV Tuotantoverkko Oy in accordance with section 32 of the Electricity Market Act.
| INCOME STATEMENT € | 1 Jan–31 Dec 2018 | 1 Jan–31 Dec 2017 |
| | |
| | |
| TURNOVER | 3,055,460.26 | 3,367,821.06 |
| | |
| Other operating income | 30,200.00 | 10,200.00 |
| Materials and services | -1,651,291.97 | -1,617,403.69 |
| Personnel expenses | 0.00 | 8,548.80 |
| Depreciation and amortisation expenses | -250,325.74 | -243,468.24 |
| Other operating expenses | -481,822.45 | -688,359.89 |
| | |
| BUSINESS RESULT | 702,220.10 | 837,338.04 |
| | |
| Finance income and costs | -7,999.92 | -10,352.80 |
| | |
| RESULT BEFORE | | |
| APPROPRIATIONS AND TAXES | 694,220.18 | 826,985.24 |
| | |
| | |
| Appropriations | | |
| Group subventions paid | -725,750.66 | 0.00 |
| Difference between planned depreciations and tax depreciations | 31,530.48 | 149,605.83 |
| -694,220.18 | 149,605.83 |
| | |
| Income taxes | | |
| Taxes for the financial year | 0.00 | -195,311.12 |
| | |
| RESULT FOR THE FINANCIAL YEAR | 0.00 | 781,279.95 |
| BALANCE SHEET € | 31.12.2018 | 31.12.2017 |
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| ASSETS | | |
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| NON-CURRENT ASSETS | | |
| | |
| Intangible assets | 154,637.09 | 174,341.49 |
| Tangible assets | 4,477,454.48 | 4,128,075.82 |
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| TOTAL FIXED ASSETS AND OTHER LONG- | | |
| TERM INVESTMENTS | 4,477,454.48 | 4,128,075.82 |
| | |
| TOTAL NON-CURRENT ASSETS | 4,632,091.57 | 4,302,417.31 |
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| CURRENT ASSETS | | |
| | |
| Current receivables | 452,770.33 | 442,371.16 |
| Cash and cash equivalents | 4,948,001.95 | 2,202,324.44 |
| | |
| TOTAL CURRENT ASSETS | 5,400,772.28 | 2,644,695.60 |
| | |
| 10,032,863.85 | 6,947,112.91 |
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| EQUITY AND LIABILITIES | | |
| | |
| EQUITY | | |
| | |
| Share capital | 1,600,000.00 | 1,600,000.00 |
| Retained result | 784,164.29 | 2,884.34 |
| Result for the financial year | 0.00 | 781,279.95 |
| | |
| TOTAL EQUITY | 2,384,164.29 | 2,384,164.29 |
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| ACCUMULATED APPROPRIATIONS | | |
| | |
| Depreciation difference | 4,035,705.81 | 4,067,236.29 |
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| LIABILITIES | | |
| | |
| Current liabilities | 3,612,993.75 | 495,712.33 |
| | |
| TOTAL LIABILITIES | 3,612,993.75 | 495,712.33 |
| | |
| 10,032,863.85 | 6,947,112.91 |
| CASH FLOW STATEMENT € | 2018 | 2017 |
| | |
| | |
| Operating activities | | |
| Business result | 702,220.10 | 837,338.04 |
| Adjustments to business result (1) | 230,325.74 | 243,468.24 |
| Change in working capital (2) | 2,381,131.59 | 27,808.17 |
| Interest paid | 0.00 | -10,388.35 |
| Interest received | 0.00 | 35.55 |
| Other financial items | -7,999.92 | 0.00 |
| Direct taxes | 0.00 | -195,311.12 |
| Cash flow from operations | 3,305,677.51 | 902,950.53 |
| | |
| Investment activities | | |
| Purchase of tangible and intangible assets | -580,000.00 | 0.00 |
| Proceeds from sales of non-current assets | 20,000.00 | 0.00 |
| Cash flow from investment activities | -560,000.00 | 0.00 |
| | |
| Financing activities | | |
| Increase (+) or decrease (-) in short-term interest-bearing liabilities | 725,750.66 | 0.00 |
| Group subventions received and paid | -725,750.66 | 0.00 |
| Cash flow from financing activities | 0.00 | 0.00 |
| | |
| Change in cash and cash equivalents | 2,745,677.51 | 902,950.53 |
| Liquid assets 1 Jan | 2,202,324.44 | 1,299,373.91 |
| Liquid assets 31 Dec | 4,948,001.95 | 2,202,324.44 |
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| | |
| | |
| (1) Adjustments to business result | | |
| Depreciation and amortisation expenses | 250,325.74 | 243,468.24 |
| Gain (-) or loss (+) from divestment of non-current assets | -20,000.00 | 0.00 |
| 230,325.74 | 243,468.24 |
| | |
| (2) Change in working capital | | |
| Increase (-) or decrease (+) in non-interest-bearing receivables | -10,399.17 | 624,392.35 |
| Increase (+) or decrease (-) in short-term non-interest-bearing liabilities | 2,391,530.76 | -596,584.18 |
| 2,381,131.59 | 27,808.17 |
