Key Financial Indicators

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
 
2023*
2022
2021
2020
 
2023*
2022
2021
2020
FINANCIAL INDICATORS
 
 
 
 
 
 
 
 
 
 
Revenue, thous. EUR**
232 890
351 132
182 226
144 387
 
156 422
296 000
125 787
146 849
EBITDA, thous. EUR
88 254
72 534
69 143
55 042
 
37 752
40 319
35 578
42 351
Profit, thous. EUR
21 260
16 160
10 097
65 358
 
9 956
10 990
54 846
9 999
Total assets, thous. EUR
1 346 940
1 276 497
1 232 245
1 213 515
 
1 022 759
957 791
909 279
905 527
Total equity, thous. EUR
630 617
631 287
647 812
639 203
 
450 442
447 520
465 343
384 809
Borrowings, thous. EUR
179 937
182 797
198 060
225 159
 
100 393
100 367
99 966
203 284
Net cash flows from operating activities, thous. EUR
80 051
69 688
60 387
97 799
 
39 493
38 055
32 745
48 181
Cash and current deposits, thous. EUR
66 166
103 010
63 190
72 388
 
53 213
92 043
48 514
57 225
FINANCIAL RATIOSFINANŠU KOEFICIENTI
 
 
 
 
 
 
 
 
 
Liquidity ratio (≥1.2)
1.3
1.78
1.0
3.1
 
1.6
2.5
1.7
4.8
EBITDA Profitability
38%
21%
38%
38%
 
24%
14%
28%
29%
Equity ratio (≥35%)
47% 
49% 
53%
53%
 
44%
47%
52%
42%
NetDEBT to EBITDA, (≤5.0)
1.3
1.1
1.9
2.8
 
1.2
0.2
1.4
3.4
Dividends paid to the state budget from the previous year's profit, thous. EUR           7 034 29 125 8 000 1 736
PERFORMANCE INDICATORS
 
 
 
 
 
 
 
 
 
Electricity transmitted to users in Latvia, GWh
6 024
6 193
6 312
5 961
 
6 024
6 193
6 312
5 961
Natural gas transported, TWh
29.1
31.4
39.3
37.4
 
-
-
-
-
Average number of employees
891
787
868
887
 
530
522
534
546
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


* Unaudited

** 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)

Contacts:

 

Head of Financial and credit unit of AST Ieva Varakalne