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 20191 Jan–31 Dec 2018
TURNOVER42,023,842.573,055,460.26
Other operating income3,551,143.5530,200.00
Materials and services-28,263,709.31-1,651,291.97
Personnel expenses-398,279.090.00
Depreciation and impairment charges-2,993,583.13-250,325.74
Other operating expenses-3,021,806.65-481,822.45
BUSINESS RESULT10,897,607.94702,220.10
Finance income and costs-254,624.22-7,999.92
RESULT BEFORE
APPROPRIATIONS AND TAXES10,642,983.72694,220.18
Appropriations
Group subventions paid-6,000,000.00-725,750.66
Difference between planned depreciations and tax depreciations-4,642,983.7231,530.48
-10,642,983.72-694,220.18
Income taxes
Taxes for the financial year0.000.00
RESULT FOR THE FINANCIAL YEAR0.000.00
BALANCE SHEET €31.12.201931.12.2018
ASSETS
NON-CURRENT ASSETS
Intangible assets984,222.69154,637.09
Tangible assets56,603,645.344,477,454.48
TOTAL NON-CURRENT ASSETS57,587,868.034,632,091.57
CURRENT ASSETS
Current receivables8,049,949.82452,770.33
Cash and cash equivalents5,216,652.854,948,001.95
TOTAL CURRENT ASSETS13,266,602.675,400,772.28
70,854,470.7010,032,863.85
EQUITY AND LIABILITIES
EQUITY
Share capital1,600,000.001,600,000.00
Invested non-restricted equity reserve337,435.860.00
Retained result877,057.74784,164.29
Result for the financial year0.000.00
TOTAL EQUITY2,814,493.602,384,164.29
APPROPRIATIONS
Depreciation difference28,035,091.134,035,705.81
LIABILITIES
Non-current liabilities1,581,875.000.00
Current liabilities38,423,010.973,612,993.75
TOTAL LIABILITIES40,004,885.973,612,993.75
70,854,470.7010,032,863.85
CASH FLOW STATEMENT €20192018
Operating activities
Business result10,897,607.94702,220.10
Adjustments to business result 1)2,408,048.84230,325.74
Changes in working capital 2)-1,683.552,381,131.59
Interest paid-144,994.810.00
Interest received25,716.760.00
Other financial items-59,710.11-7,999.92
Direct taxes0.000.00
Cash flow from operating activities13,124,985.073,305,677.51
Investment activities
Investments in tangible and intangible assets-5,583,381.38-580,000.00
Proceeds from sales of non-current assets2,577,500.0020,000.00
Cash flow from investment activities-3,005,881.38-560,000.00
Financing activities
Payments of non-current financing (liabilities)-1,105,717.680.00
Increase (+) or decrease (-) in long-term interest-bearing liabilities-2,744,735.11725,750.66
Group subventions received and paid-6,000,000.00-725,750.66
Cash flow from financing activities-9,850,452.790.00
Change in cash and cash equivalents268,650.902,745,677.51
Liquid assets 1 Jan4,948,001.952,202,324.44
Liquid assets 31 Dec5,216,652.854,948,001.95
1) Adjustments to business result
Depreciation and write-downs2,993,583.13250,325.74
Gain (-) or loss (+) from divestment of non-current assets-585,534.29-20,000.00
2,408,048.84230,325.74
2) Changes in working capital
Increase (-) or decrease (+) in non-interest-bearing receivables10,284,085.24-10,399.17
Increase (+) or decrease (-) in short-term non-interest-bearing liabilities-10,285,768.792,391,530.76
-1,683.552,381,131.59
3) Change in cash and cash equivalents
The merger on 1 January 2019 resulted in the transfer of EUR 16,532.44 in financial assets.
The effects of the merger and business transfer have been eliminated in the cash flow statement as applicable.