Technical Indicators

Length of transmission lines (2015 – 2019)

Latvijas elektriskie tīkli AS Unit of measurment 2015 2016 2017 2018 2019
330 kV km 1,360 1,346 1,346 1,346 1,553
110 kV km 3,891 3,891 3,893 3,897 3,871
Total km 5,251 5,237 5,239 5,243 5,424

The number of substations and transformers and installed capacity (2015 – 2019)

Latvijas elektriskie tīkli AS Unit of measurment 2015 2016 2017 2018 2019
Substations (330 kV) number 16 16 16 16 17
Autotransformers(330 kV) number 25 25 25 26 27
Autotransformer installed capacity
(330 kV)
MVA 3,825 3,825 3,825 3,950 4,075
Transformer substations (110 kV) number 121 121 123 123 123
Transformers (110 kV) number 246 246 248 248 248
Transformer installed capacity
(110 kV un 10 kV voltage –
boosting transformers)
MVA 5,102 5,125 5,196 5,215 5,264

Performance Indicators

2017 2018 2019
Performance indicators  EUR’000  EUR’000  EUR’000
Capital expenditure 63,170 87,298  88,752
 > including capital expenditure in transmission system assets 61,191 86,204  87,705
 > capital expenditure in leased property, plant and equipment 1,979 1,094  1,047
Number of employees 9 8  6

Financial Figures

2017 2018 2019
Revenues EUR’000 EUR’000 EUR’000
Revenues: 48,935 43,288 41,076
> including revenues from lease of
transmission system assets
44,556 39,264 36,701
> revenues from management of
transmission system assets
EBITDA 1) 42,790 39,297  40,549
Profit 50,463* 13,394  9,486
 Assets 475,612 551,193  662,954
Equity 269,801 232,759  233,757
Borrowings 95,524 179,770 196,290
Net cash flows from operating activities 48,098 55,504 117,982

Financial Ratios

2017 2018 2019
Financial ratios % % %
Return of assets (ROA) 2) 11.2 2.6 1.6
Capital ratio 3) 56.7 42 35
Return on equity (ROE) 4) 20.5 5.3 4.1
Net debt/ EBITDA 2.2 3.5 4.6
Debt-to-capital ratio 5) 26.1 35 45
Dividends 100 100 100
Profit margin 6) 103.1 30.9 23.1

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1) EBITDA – earnings before interest, income tax, depreciation and amortisation, and impairment of intangible assets and property, plant and equipment)
2) Return on assets (ROA) – profit / 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 at the beginning of the year + borrowings at the end of the year) / 2 / ((borrowings + total equity at the beginning of the year) + (borrowings + total equity at the end of the year) / 2 )
6) Profit margin – profit for the year / revenue

 

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