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