Technical Indicators

Length of transmission lines (2013 – 2017)

Latvijas elektriskie tīkli AS Unit of measurment 2013 2014 2015 2016 2017
330 kV km 1,265 1,381 1,360 1,346 1,346
110 kV km 4,010 3,891 3,891 3,891 3,893
Total km 5,275 5,272 5,251 5,237 5,239

The number of substations and transformers and installed capacity (2013 – 2017)

Latvijas elektriskie tīkli AS Unit of measurment 2013 2014 2015 2016 2017
Substations (330 kV) number 15 16 16 16 16
Autotransformers(330 kV) number 23 25 25 25 25
Installed capacity of autotransformers
(330 kV)
MVA 3,575 3,825 3,825 3,825 3,825
Substations (110 kV) number 122 121 121 121 123
Transformers (110 kV) number 246 246 246 246 248
Installed capacity of transformers
(110 kV un 10 kV linear
reagulation transformers)
MVA 4,968 5,075 5,102 5,125 5,195

Performance Indicators

2015 2016 2017
Performance indicators  EUR’000  EUR’000  EUR’000
 Investments 17,561 26,841  63,170
 > including capital investments in fixed assets 16,661 23,964  61,191
 > investments in leased assets 900 2,877  1,979
Number of employees 11 10  9

Financial Figures

2015 2016 2017
Revenues EUR’000 EUR’000 EUR’000
Revenues: 47,510 51,294 48,935
> including revenues from lease of
transmission system assets
44,263 46,014 44,556
> revenues from management of
transmission system assets
EBITDA 1) 42,240 44,367*  42,790
Profit 14,880 6,580*  50,463**
 Assets 405,181 422,035  475,612
Equity 204,067 221,675*  269,801
Borrowings 88,128 78,906 95,177
Net cash flows from operating activities 32,742 45,414 45,265

Financial Ratios

2015 2016 2017
Financial ratios % % %
Return of assets (ROA) 2) 3.6 1.6* 11.2
Capital ratio 3) 50.4 52.5* 56.7
Return on equity(ROE) 4) 7.4 3.1 20.5
Net debt/ EBITDA 2.1 1.8* 2.2
Debt-to-capital ratio 5) 30.2 26.3 26.1
Dividends 100 100 100
Profit margin 6) 31.3 12.8* 103.1

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1) EBITDA – earnings before interest, income tax, depreciation and amortisation, and impairment of intangible assets and property, plant and equipment  (12-months rolling)
2) Return on assets (ROA) – profit for the year / average value of assets ((total assets at the beginning of the year + total assets at the end of the year) /2)
3) Capital ratio – total equity / total assets (at the end of the year)
4) Return on equity (ROE) – profit / average value of equity ((total equity at the beginning of the year + total equity at the end of the year) / 2)
5) Debt-to-capital ratio – borrowings / (borrowings + total equity)
6) Profit margin – profit for the year / revenue

 

* re-measured according to applied IFRS (see subparagraph First-time Adoption of International Financial Reporting Standards under Note 2)

** in accordance with the changes to tax regulations and laws of the Republic of Latvia that came into force on 1 January 2018, the reversed deferred tax in 2017 was equal to EUR 34,896 thousand