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.
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AST Group
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"Augstsprieguma tīkls" AS
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2024 |
2023
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2022
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2021
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2024 |
2023
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2022
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2021
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FINANCIAL INDICATORS
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Revenue, thous. EUR
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258 607 |
245 753
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351 132
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182 226
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154 011 |
158 012
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296 000
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125 787
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EBITDA, thous. EUR
|
108 272 |
88 972
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72 534
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69 143
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|
40 549 |
39 018
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40 319
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35 578
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Profit, thous. EUR
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22 672 |
10 235
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16 160
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10 097
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14 764 |
11 222
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10 990
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54 846
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Total assets, thous. EUR
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1 529 000 |
1 346 940
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1 276 497
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1 232 245
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1 192 977 |
1 022 759
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957 791
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909 279
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Total equity, thous. EUR
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641 084 |
632 193
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631 287
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647 812
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456 785 |
452 018
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447 520
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465 343
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Borrowings, thous. EUR
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167 038 |
179 937
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182 797
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198 060
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100 420 |
100 393
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100 367
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99 966
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Net cash flows from operating activities, thous. EUR
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130 588 |
80 620
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69 688
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60 387
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66 927 |
41 083
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38 055
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32 745
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Cash and current deposits, thous. EUR
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92 845 |
44 900
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103 010
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63 190
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68 394 |
31 947
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92 043
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48 514
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FINANCIAL RATIOS
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Liquidity ratio (≥1.2)
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0.9 |
1.4
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1.78
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1.0
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1.0 |
1.8
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2.5
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1.7
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EBITDA Profitability
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42% |
36%
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21%
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38%
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26% |
25%
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14%
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28%
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Equity ratio (≥35%)
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42% |
47%
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49%
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53%
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38% |
44%
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47%
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52%
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NetDEBT to EBITDA, (≤5.0)
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0.7 |
1.35
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1.1
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1.9
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0.8 |
1.8
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0.2
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1.4
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| Dividends paid to the state budget from the previous year's profit, thous. EUR | 10 117 | 7 034 | 29 125 | 8 000 | ||||||
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PERFORMANCE INDICATORS
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Electricity transmitted to users in Latvia, GWh
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6 015 |
6 024
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6 193
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6 312
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6 015 |
6 024
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6 193
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6 312
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Natural gas transported, TWh
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25.2 |
29.1
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31.4
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39.3
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- |
-
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-
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-
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Average number of employees
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905 |
891
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787
|
868
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544 |
530
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522
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534
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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