When evaluating the indicators of AST’s financial performance and operating results, it should be taken into account that electricity transmission is a regulated sector; the Public Utilities Commission determines the allowed profit of AST, determining the rate of return on capital and approving tariffs for electricity transmission system services.
|
|
AST Group |
"Augstsprieguma tīkls" AS |
|||||||
|---|---|---|---|---|---|---|---|---|---|
|
2021 |
2020 |
2021 |
2020 |
2019 |
2018 |
2017 |
|||
|
FINANCIAL INDICATORS |
|||||||||
|
Revenue, thous. EUR* |
182 226 |
144 387 |
125 787 |
146 849 |
184 742 |
193 866 |
158 862 |
||
|
EBITDA, thous. EUR |
69 143 |
55 042 |
35 578 |
42 351 |
40 515 |
1 642 |
1 843 |
||
|
Profit, thous. EUR |
10 097 |
65 358 |
54 846 |
9 999 |
7 067 |
4 677 |
309 |
||
|
|
31.12.2021. |
31.12.2020. |
31.12.2021. |
31.12.2020. |
31.12.2019. |
31.12.2018. |
31.12.2017. |
||
|
Total assets, thous. EUR |
1 232 245 |
1 213 515 |
909 279 |
905 527 |
221 934 |
193 000 |
188 722 |
||
|
Total equity, thous. EUR |
647 812 |
639 203 |
465 343 |
384 809 |
69 956 |
70 344 |
8 499 |
||
|
Borrowings, thous. EUR |
198 060 |
225 159 |
99 966 |
203 284 |
- |
- |
57 394 |
||
|
Net cash flows from operating activities, thous. EUR |
60 387 |
97 799 |
32 745 |
48 181 |
20 423 |
7 236 |
38 645 |
||
|
Cash and current deposits, thous. EUR |
63 190 |
72 388 |
48 514 |
57 225 |
48 216 |
106 637 |
33 113 |
||
|
FINANCIAL RATIOS |
|||||||||
|
Liquidity ratio |
1.0 |
3.1 |
1.7 |
4.8 |
1.1 |
3.8 |
1.3 |
||
|
EBITDA Profitability |
38% |
38% |
28% |
29% |
22% |
1% |
1% |
||
|
Equity ratio (≥35%) |
53% |
53% |
52% |
42% |
32% |
36% |
5% |
||
|
NetDEBT to EBITDA, (≤5.0) |
1.9 |
2.8 |
1.4 |
3.4 |
- |
- |
- |
||
|
PERFORMANCE INDICATORS |
|||||||||
|
Electricity transmitted to users in Latvia, GWh |
6 312 |
5 961 |
6 312 |
5 961 |
6 012 |
6 051 |
5 807 |
||
|
Natural gas transported, TWh |
39.3 |
37.4 |
- |
- |
- |
- |
- |
||
|
Average number of employees |
868 |
887 |
534 |
546 |
552 |
548 |
539 |
||
Disclaimers::
EBITDA - earnings before interest, financial income, corporate income tax, dividends received, share of profit of associate, gains from acquisitions of controlling interests, depreciation and amortisation
Liquidity ratio = current assets/current liabilities (excluding the part of the short-term loan to be refinanced)
EBITDA profitability = EBITDA/revenue
Equity ratio = total equity/ total assets
NetDEBT = borrowings - cash - current deposits
* The amount of the Group's revenue in 2020 is affected by the exclusion of mutual services between JSC Augstsprieguma tīkls and JSC Latvijas elektriskie tīkli resulting from the merger of these companies (see information disclosed in Note 25)