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

 

2021

2020

 

2021

2020

2019

2018

2017

FINANCIAL INDICATORS

                 

Revenue, thous. EUR*

182 226

144 387

 

125 787

146 849

184 742

193 866

158 862

EBITDA, thous. EUR

69 143

55 042

 

35 578

42 351

40 515

1 642

1 843

Profit, thous. EUR

10 097

65 358

 

54 846

9 999

7 067

4 677

309

 

31.12.2021.

31.12.2020.

 

31.12.2021.

31.12.2020.

31.12.2019.

31.12.2018.

31.12.2017.

Total assets, thous. EUR

1 232 245

1 213 515

 

909 279

905 527

221 934

193 000

188 722

Total equity, thous. EUR

647 812

639 203

 

465 343

384 809

69 956

70 344

8 499

Borrowings, thous. EUR

198 060

225 159

 

99 966

203 284

-

-

57 394

Net cash flows from operating activities, thous. EUR

60 387

97 799

 

32 745

48 181

20 423

7 236

38 645

Cash and current deposits, thous. EUR

63 190

72 388

 

48 514

57 225

48 216

106 637

33 113

FINANCIAL RATIOS

         

Liquidity ratio

1.0

3.1

 

1.7

4.8

1.1

3.8

1.3

EBITDA Profitability

38%

38%

 

28%

29%

22%

1%

1%

Equity ratio (≥35%)

53%

53%

 

52%

42%

32%

36%

5%

NetDEBT to EBITDA, (≤5.0)

1.9

2.8

 

1.4

3.4

-

-

-

PERFORMANCE INDICATORS

         

Electricity transmitted to users in Latvia, GWh

6 312

5 961

 

6 312

5 961

6 012

6 051

5 807

Natural gas transported, TWh

39.3

37.4

 

-

-

-

-

-

Average number of employees

868

887

 

534

546

552

548

539

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


* 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

 

86 Darzciema str., Rīga, LV-1073, Latvia
+371 67725453
ieva.varakalne@ast.lv