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 € | 1.1.-31.12.2016 | 1.1.-31.12.2015 |
| | |
| TURNOVER | 44 068 582,48 | 39 195 493,58 |
| | |
| Other income | 2 694 557,76 | 524 326,75 |
| Materials and services | -32 900 560,43 | -28 718 443,32 |
| Personnel expenses | -305 062,63 | -304 645,39 |
| Other expenses | -7 544 908,49 | -6 919 183,50 |
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| RESULT | 6 012 608,69 | 3 777 548,12 |
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| Financial income and expenses | -10 416,03 | -19 290,23 |
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| RESULT BEFORE APPROPRIATIONS AND TAXES | 6 002 192,66 | 3 758 257,89 |
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| Appropriations | | |
| Given group subventions | -6 001 480,62 | -3 757 683,86 |
| | |
| Income taxes | -712,04 | -574,03 |
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| RESULT OF THE FINANCIAL YEAR | 0,00 | 0,00 |
| BALANCE SHEET € | 31.12.2016 | 31.12.2015 |
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| ASSETS | | |
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| NON-CURRENT ASSETS | | |
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| Tangible assets | 796 829,06 | 9 683 871,34 |
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| NON-CURRENT ASSETS IN TOTAL | 796 829,06 | 9 683 871,34 |
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| CURRENT ASSETS | | |
| Current receivables | 20 856 889,31 | 8 926 841,56 |
| Cash and cash equivalents | 0,00 | 3 468 553,08 |
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| CURRENT ASSETS IN TOTAL | 20 856 889,31 | 12 395 394,64 |
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| 21 653 718,37 | 22 079 265,98 |
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| EQUITY AND LIABILITIES | | |
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| EQUITY | | |
| | |
| Share capital | 2 522,82 | 2 522,82 |
| Retained result | 90 370,63 | 90 370,63 |
| Result of the financial year | 0,00 | 0,00 |
| | |
| EQUITY IN TOTAL | 92 893,45 | 92 893,45 |
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| LIABILITIES | | |
| | |
| Non-current liabilities | 1 940 568,07 | 0,00 |
| Current liabilities | 19 620 256,85 | 21 986 372,53 |
| | |
| LIABILITIES IN TOTAL | 21 560 824,92 | 21 986 372,53 |
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| 21 653 718,37 | 22 079 265,98 |
| CASH FLOW STATEMENT € | 2016 | 2015 |
| | |
| Operations | | |
| Result | 6 012 608,69 | 3 777 548,12 |
| Adjustments to operating result 1) | -7 233 350,90 | 10 434 587,12 |
| Interest paid | -10 600,14 | -19 412,66 |
| Interest received | 184,11 | 122,43 |
| Taxes paid | -712,04 | -574,03 |
| Cash flow from operations | -1 231 870,28 | 14 192 270,98 |
| | |
| Investments | | |
| Network construction | -5 484 188,77 | -5 502 811,95 |
| Proceeds from sales of tangible and intangible assets | 14 371 231,05 | 4 235 751,07 |
| Receivables related to proceeds from sales of tangible and intangible assets | -11 405 565,83 | 0,00 |
| Increase (+) or decrease (-) in short-term non-interest-bearing liabilities related to investments | 2 098 956,54 | 0,00 |
| Cash flow from investments | -419 567,01 | -1 267 060,88 |
| | |
| Financing | | |
| Withdrawals of long-term loans | 1 940 568,07 | -2 094 591,09 |
| Increase (+) or decrease (-) in short-term interest-bearing liabilities | 2 243 796,76 | -3 604 382,07 |
| Given group subventions including interest | -6 001 480,62 | -3 757 683,86 |
| Cash flow from financing | -1 817 115,79 | -9 456 657,02 |
| | |
| Change in cash and cash equivalents | -3 468 553,08 | 3 468 553,08 |
| Liquid assets 1 January | 3 468 553,08 | 0,00 |
| Liquid assets 31 December | 0,00 | 3 468 553,08 |
| | |
| 1) Change in working capital | | |
| Increase (-) or decrease (+) in non-interest-bearing receivables | -524 481,92 | -1 174 419,29 |
| Increase (+) or decrease (-) in short-term non-interest-bearing liabilities | -6 708 868,98 | 11 609 006,41 |
| -7 233 350,90 | 10 434 587,12 |
