The revenue of the Latvian transmission system operator JSC "Augstsprieguma tīkls" (AST) in 2023 was 156.42 million EUR, but the profit, compared to 2022, decreased by 9% and reached 9.96 million EUR, according to the published unaudited financial statements for 2023.
During the reporting period, AST's profit was mainly driven by the dividend in amount of 5.72 million EUR from the subsidiary company "Conexus Baltic Grid" (Conexus). With the approval of the Public Utilities Commission (PUC), AST utilized the accumulated congestion revenues in amount of 12.54 million EUR to cover the costs of electricity transmission system services, that also had a positive effect on AST's profitability. In the first 6 months of 2023, the price of electricity for transmission losses and technological consumption exceeded the price of electricity planned in the electricity transmission tariff valid until July 1, 2023, almost three times. In order to ensure the profitability of the transmission system operator, with the decision of the PUC Council of May 22, 2023, new tariffs for electricity transmission system services were approved and permission was granted to use the accumulated congestion revenues to cover losses. The exact amount of revenue from the accumulated congestion revenues needed to cover the costs of transmission services in 2023 will be determined in AST's audited report.
The revenue of "Augstsprieguma tīkls" Group (AST Group) in 2023 was 232.89 million EUR, but the profit for the reporting year – 21.26 million EUR. The AST Group consists of the parent company AST, which includes a subsidiary company – the unified natural gas operator Conexus. AST owns 68.46% of the capital shares of Conexus. The main activity of the AST Group is the provision of functions of the electricity transmission system operator, efficient management of electricity transmission system assets, natural gas transmission and storage.
In 2023, AST transmitted electricity to users in Latvia in the amount of 6,024 gigawatt hours (GWh). AST's revenue for electricity transmission network services in 2023 was 85.56 million EUR.
The revenue of the natural gas transmission segment of the AST Group in 2023 was 26.23 million EUR, profit – 0.98 million EUR, while the revenue of the natural gas storage segment was 50.24 million EUR, profit – 15.19 million EUR.
- Augstsprieguma tīkls Group and JSC "Augstsprieguma tīkls" annual report for 2022
- Augstsprieguma tīkls Group and JSC "Augstsprieguma tīkls" annual report for 2021
- CONSOLIDATED REPORT OF AUGSTSPRIEGUMA TĪKLS GROUP AND ANNUAL REPORT OF JSC AUGSTSPRIEGUMA TĪKLS FOR 2020
- Augstsprieguma tikls Financial statements 2019
- Augstsprieguma tikls Financial statements 2018
- Augstsprieguma tikls Financial statements 2017
- Augstsprieguma tikls Financial statements 2016
- Augstsprieguma tikls AS annual report for 2015
- Augstsprieguma tikls AS annual report for 2014
- Augstsprieguma tikls AS annual report for 2013
- Augstsprieguma tikls AS annual report for 2012
- Augstsprieguma tikls AS annual report for 2011
- Augstsprieguma tikls AS annual report for 2010
- Augstsprieguma tikls AS annual report for 2009
- Augstsprieguma tikls AS annual report for 2008
- Augstsprieguma tikls AS annual report for 2007
- Augstsprieguma tikls AS annual report for 2006
- Consolidated and unaudited interim abridged financial statements for the 12 month period, ending on 31 December 2023:
- Consolidated and unaudited interim abridged financial statements for the 9 month period, ending on 30 September 2023:
- Consolidated and unaudited interim abridged financial statements for the 6 month period, ending on 30 June 2023:
- Consolidated and unaudited interim abridged financial statements for the 3 month period, ending on 31 March 2023
- Consolidated and unaudited interim abridged financial statements for the 12 month period, ending on 31 December 2022:
- Consolidated and unaudited interim abridged financial statements for the 9 month period, ending on 30 September 2022
- Consolidated and unaudited interim abridged financial statements for the 6 month period, ending on 30 June 2022
- Consolidated and unaudited interim abridged financial statements for the 3 month period, ending on 31 March 2022
- Consolidated and unaudited interim abridged financial statements for the 12 month period, ending on 31 December 2021
- Consolidated and unaudited interim abridged financial statements for the 9 month period, ending on 30 September 2021
- Consolidated and unaudited interim abridged financial statements for the 6 month period, ending on 30 June 2021*
- Consolidated and unaudited interim abridged financial statements for the 6 month period, ending on 30 June 2021 (in Latvian)
- Consolidated and unaudited interim abridged financial statements for the 3 month period, ending on 31 March 2021
- Consolidated and unaudited interim abridged financial statements for the 12 month period, ending on 31 December 2020
- Consolidated and unaudited interim abridged financial statements for the 9 month period, ending on 30 September 2020
- Consolidated and unaudited interim abridged financial statements for the 6 month period, ending on 30 June 2020
- Finanšu pārskati par 3 mēnešu periodu, kas beidzas 2020. gada 31. martā
- Finanšu pārskati par 12 mēnešu periodu, kas beidzas 2019. gada 31. decembrī
- Finanšu pārskati par 9 mēnešu periodu, kas beidzas 2019. gada 30. septembrī
- Finanšu pārskati par 6 mēnešu periodu, kas beidzas 2019. gada 30. jūnijā
- Finanšu pārskati par 3 mēnešu periodu, kas beidzas 2019. gada 31. martā
- Finanšu pārskati par 12 mēnešu periodu, kas beidzas 2018. gada 31. decembrī
- Finanšu pārskati par 9 mēnešu periodu, kas beidzas 2018. gada 30. septembrī
- Finanšu pārskati par 6 mēnešu periodu, kas beidzas 2018. gada 30. jūnijā
- Finanšu pārskati par 3 mēnešu periodu, kas beidzas 2018. gada 31. martā
- Finanšu pārskati par 12 mēnešu periodu, kas beidzas 2017. gada 31. decembrī
- Finanšu pārskati par 9 mēnešu periodu, kas beidzas 2017. gada 30. septembrī
- Finanšu pārskati par 6 mēnešu periodu, kas beidzas 2017. gada 30. jūnijā
- Finanšu pārskati par 3 mēnešu periodu, kas beidzas 2017. gada 31. martā
- Finanšu pārskati par 12 mēnešu periodu, kas beidzas 2016. gada 31. decembrī
- Finanšu pārskati par 9 mēnešu periodu, kas beidzas 2016. gada 30. septembrī
- Finanšu pārskati par 12 mēnešu periodu, kas beidzas 2015. gada 31. decembrī
- Finanšu pārskati par 9 mēnešu periodu, kas beidzas 2015. gada 30. septembrī
- Finanšu pārskati par 6 mēnešu periodu, kas beidzas 2015. gada 30. jūnijā
- Finanšu pārskati par 3 mēnešu periodu, kas beidzas 2015. gada 31. martā
* Prepared in accordance with the 34.International Accounting Standard
Dividends
The payment of dividends is regulated by the Law on the Management of Public Shareholdings and Corporations. The profit distribution is decided by the shareholders’ meeting of JSC “Augstsprieguma tīkls”.
Dividends paid by AST to state budget
Reporting year for which dividends have been paid | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Dividends, thous. EUR | 247 | 3 598* | 1 736* | 7 999* | 29 143* |
*including corporate income tax
Tax payments, thous. EUR
Tax year | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Corporate income tax | 601 | 720 | 347 | ||
Value added tax | 16 575 | 16 083 | 5 567 | 33 381 | |
Mandatory State social insurance contributions | 3 567 | 4 133 | 4 326 | 4 504 | 4 503 |
Personal income tax | 1 947 | 2 112 | 2 172 | 2 239 | 2 304 |
State risk fee | 2 | 2 | 2 | 2 | 2 |
Company car tax | 10 | 17 | 17 | 17 | 48 |
Vehicle operation tax | 23 | 28 | 28 | 28 | x |
Electricity tax | 3 | 3 | 3 | 2 | 2 |
TOTAL TAXES | 22 127 | 22 979 | 7 269 | 12 706 | 40 240 |
AST has been awarded a targeted grant from Riga City Council and the State budget for the remuneration of the leaders of the amateur chorus “Volta” of JSC “Augstsprieguma tīkls”. AST does not receive state or municipal budget funding for the provision of the core business of AST.
Grant from Riga City Council
- In 2021, a total of 6,869 EUR was received in grants from Riga City Council
- 2020. gada 4. ceturksnis
- 2020. gada 3. ceturksnis
- 2020. gada 2. ceturksnis
- 2020. gada 1. ceturksnis
- 2019. gada 4. ceturksnis
- 2019. gada 3. ceturksnis
- 2019. gada 2. ceturksnis
- 2019. gada 1. ceturksnis
- 2018. gada 4. ceturksnis
- 2018. gada 3. ceturksnis
- 2018. gada 2. ceturksnis
- 2018. gada 1. ceturksnis
- 2017. gada 4. ceturksnis
- 2017. gada 3. ceturksnis
- 2017. gada 2. ceturksnis
- 2017. gada 1. ceturksnis
- 2016. gada 4. ceturksnis
- 2016. gada 3. ceturksnis
- 2016. gada 2. ceturksnis
- 2016. gada 1. ceturksnis
- 2015. gada 12 mēneši
- 2015. gada 9 mēneši
- 2015. gada 6 mēneši
- 2015. gada 1. ceturksnis
Grant from the State budget
- In 2021, no grants were received from the state budget
- 2020. gads
- 2019. gads
- 2017. gads