Notes to the balance sheet

NOTES TO THE BALANCE SHEET (€1,000)
	Group		Parent company
	2020	2019	2020	2019
9. INTANGIBLE ASSETS
Intangible rights
Acquisition cost 1 Jan	1,450	1,458	18	1,254
Increases	26	9	0	0
Decreases	0	-17	0	-1,237
Acquisition cost 31 Dec	1,476	1,450	18	18
Accumulated depreciation and impairment charges 1 Jan	-482	-402	0	-360
Accumulated depreciation from deduction	0	0	0	360
Depreciation for the period	-80	-80	0	0
Book value 31 Dec	914	968	18	18
Goodwill
Acquisition cost 1 Jan	6,000	6,000	0	0
Acquisition cost 31 Dec	6,000	6,000	0	0
Accumulated depreciation and impairment charges 1 Jan	-4,400	-4,000	0	0
Depreciation for the period	-400	-400	0	0
Book value 31 Dec	1,200	1,600	0	0
Emission right reductions
Acquisition cost 1 Jan	3,106	3,750	3,106	3,750
Increases	740	683	740	683
Decreases	-3,378	-1,327	-3,378	-1,327
Acquisition cost 31 Dec	468	3,106	468	3,106
Book value 31 Dec	468	3,106	468	3,106
Other non-current expenses
Acquisition cost 1 Jan	26,679	26,513	3,536	4,702
Increases	215	166	0	72
Decreases	0	0	0	-1,238
Acquisition cost 31 Dec	26,894	26,679	3,536	3,536
Accumulated depreciation and impairment charges 1 Jan	-9,899	-8,510	-2,947	-3,819
Accumulated depreciation from deduction	0	0	0	1,184
Depreciation for the period	-1,387	-1,389	-312	-311
Book value 31 Dec	15,608	16,780	277	589
Total intangible assets
Acquisition cost 1 Jan	37,235	37,722	6,660	9,707
Increases	981	858	740	755
Decreases	-3,378	-1,344	-3,378	-3,802
Acquisition cost 31 Dec	34,838	37,235	4,022	6,660
Accumulated depreciation and impairment charges 1 Jan	-14,781	-12,912	-2,947	-4,179
Accumulated depreciation from deduction	0	0	0	1,544
Depreciation for the period	-1,867	-1,869	-312	-311
Book value 31 Dec	18,191	22,454	763	3,713
10. TANGIBLE ASSETS
Land
Acquisition cost 1 Jan	11,233	10,829	1,992	2,549
Increases	284	2,265	0	1,545
Decreases	-266	-2,370	0	-2,102
Transfer between categories	132	509	0	0
Acquisition cost 31 Dec	11,382	11,233	1,992	1,992
Book value 31 Dec	11,382	11,233	1,992	1,992
Revaluations included in land acquisition costs
Acquisition cost 1 Jan	0	1,682	0	1,682
Decreases	0	-1,682	0	-1,682
Revaluations 31 Dec	0	0	0	0
Peat resources
Acquisition cost 1 Jan	4,571	4,483	0	0
Increases	1	88	0	0
Acquisition cost 31 Dec	4,572	4,571	0	0
Accumulated depreciation and impairment charges 1 Jan	-334	-187	0	0
Depreciation for the period	-180	-146	0	0
Impairment charges for the period	-572	0	0	0
Book value 31 Dec	3,486	4,237	0	0
Buildings
Acquisition cost 1 Jan	78,379	79,088	2,978	5,924
Increases	1,293	178	3	16
Decreases	0	-886	0	-2,963
Acquisition cost 31 Dec	79,672	78,379	2,981	2,978
Accumulated depreciation and impairment charges 1 Jan	-16,407	-14,093	-2,381	-4,139
Accumulated depreciation from deduction	0	767	0	1,812
Depreciation for the period	-3,116	-3,081	-49	-53
Book value 31 Dec	60,149	61,972	551	597
Machinery and equipment
Acquisition cost 1 Jan	384,018	379,731	2,670	17,942
Increases	14,354	3,881	32	197
Investment aid	-105	0	0	0
Decreases	-62	-429	0	-15,470
Transfer between categories	0	836	0	0
Acquisition cost 31 Dec	398,205	384,018	2,702	2,670
Accumulated depreciation and impairment charges 1 Jan	-98,446	-79,383	-2,258	-7,282
Accumulated depreciation from deduction	44	176	0	5,119
Depreciation for the period	-20,032	-19,239	-94	-95
Book value 31 Dec	279,771	285,572	350	411
Share of production machines and appliances from book value 31 Dec	278,773	284,445	232	258
Transmission network
Acquisition cost 1 Jan	79,124	72,515	0	50,946
Increases	4,240	9,625	0	0
Decreases	0	-2,180	0	-50,815
Transfer between categories	0	-836	0	0
Acquisition cost 31 Dec	83,363	79,124	0	132
Accumulated depreciation and impairment charges 1 Jan	-23,308	-21,224	0	-19,257
Accumulated depreciation from deduction	0	436	0	19,126
Depreciation for the period	-2,813	-2,519	0	0
Book value 31 Dec	57,243	55,816	0	0
Other tangible assets
Acquisition cost 1 Jan	1,081	1,081	0	0
Acquisition cost 31 Dec	1,081	1,081	0	0
Accumulated depreciation and impairment charges 1 Jan	-791	-719	0	0
Depreciation for the period	-72	-72	0	0
Book value 31 Dec	217	290	0	0
Peat purchases in progress
Acquisition cost 1 Jan	328	1,392	0	0
Decreases	-196	-556	0	0
Transfer between categories	-132	-509	0	0
Acquisition cost 31 Dec	0	328	0	0
Acquisition cost 31 Dec	0	328	0	0
Prepayments and purchases in progress
Acquisition cost 1 Jan	39,672	14,897	211	410
Increases	47,573	34,590	56	11
Decreases	-11,039	-9,815	0	-210
Acquisition cost 31 Dec	76,205	39,672	267	211
Acquisition cost 31 Dec	76,205	39,672	267	211
Total tangible assets
Acquisition cost 1 Jan	598,406	564,016	7,982	77,771
Increases	67,745	50,626	91	1,770
Investment aid	-105	0	0	0
Decreases	-11,563	-16,237	0	-71,559
Acquisition cost 31 Dec	654,482	598,406	8,073	7,982
Accumulated depreciation and impairment charges 1 Jan	-139,286	-115,606	-4,771	-30,679
Accumulated depreciation from deduction	44	1,379	0	26,056
Depreciation for the period	-26,214	-25,058	-143	-148
Impairment charges for the period	-572	0	0	0
Book value 31 Dec	488,455	459,120	3,159	3,211
11. CAPITALISED INTEREST COSTS
Capitalised in the financial year	646	285	0	0
Without depreciation of capitalised interest costs
Prepayments and purchases in progress	931	285	0	0
Other non-current expenses	128	134	0	0
Buildings and structures	617	647	0	0
Machinery and equipment	3,292	3,517	0	0
	4,968	4,583	0	0
12. INVESTMENTS
Interests in Group companies
Acquisition cost 1 Jan	264	264	163,945	152,136
Increases	0	0	11,000	11,810
Acquisition cost 31 Dec	264	264	174,945	163,945
Book value 31 Dec	264	264	174,945	163,945
Interests in associated companies
Acquisition cost 1 Jan	138,089	151,815	131,390	144,485
Decreases	-6,700	-13,726	-5,000	-13,094
Acquisition cost 31 Dec	131,389	138,089	126,390	131,390
Book value 31 Dec	131,389	138,089	126,390	131,390
Other shares and interests
Acquisition cost 1 Jan	5,193	5,196	5,193	5,196
Decreases	0	-3	0	-3
Acquisition cost 31 Dec	5,193	5,193	5,193	5,193
Book value 31 Dec	5,193	5,193	5,193	5,193
Total investments
Acquisition cost 1 Jan	143,546	157,274	300,529	301,816
Increases	0	0	11,000	11,810
Decreases	-6,700	-13,729	-5,000	-13,097
Acquisition cost 31 Dec	136,846	143,546	306,529	300,529
Book value 31 Dec	136,846	143,546	306,529	300,529

NOTES TO THE BALANCE SHEET (€1,000)
INVESTMENTS
Name of entity	Registered office	Group share, %	Group voting control, %	Parent company share, %	Shares owned by parent company
					Shares	Book value
Interests in Group companies
EPV Alueverkko Oy	Vaasa	100.0	100.0	100.0	17,000	17,455
EPV Bioturve Oy	Vaasa	100.0	100.0	100.0	1,000	6,150
EPV Tase Oy	Vaasa	100.0	100.0	100.0	500	500
EPV Teollisuusverkot Oy (A)	Vaasa	90.0	90.0	90.0	90	2,003
EPV Windpower Ltd (A)	Vaasa	100.0	100.0	100.0	564	2,678
EPV Windpower Ltd (B)	Vaasa	100.0	100.0	100.0	5,200	25,933
EPV Windpower Ltd (C)	Vaasa	100.0	100.0	100.0	4,700	23,500
EPV Windpower Ltd (D)	Vaasa	100.0	100.0	100.0	10,000	50,000
EPV Windpower Ltd (E)	Vaasa	100.0	100.0	100.0	2,436	12,072
EPV Windpower Ltd (E) *)	Vaasa	100.0	100.0	100.0	1,800	9,000
		100.0	100.0	100.0	24,700	123,183
Rajakiiri Oy (A)	Tornio	60.2	60.2	60.2	9,431	3,313
Rajakiiri Oy (B)	Tornio	75.2	75.2	75.2	5,762	4,246
		65.1	65.1	65.1	15,193	7,559
Seinäjoen Voima Oy	Vaasa	100.0	100.0	100.0	1,001	1,353
Tornion Voima Oy	Tornio	100.0	100.0	100.0	7,500	15,008
Vaasan Voima Oy	Vaasa	100.0	100.0	100.0	3,500	1,473
Vaskiluodon Teollisuuskiinteistöt Oy	Vaasa	100.0	100.0	100.0	4,000	264
Interests in associated companies
EPM Metsä Oy	Vaasa	50.0	50.0	50.0	200,000	174
Rapid Power Oy	Vaasa	50.0	50.0	50.0	5,004	4
Suomen Merituuli Oy	Helsinki	50.0	50.0	50.0	1,000	1,000
Vaskiluodon Voima Oy	Vaasa	50.0	50.0	50.0	300	505
Raahen Voima Oy	Raahe	25.0	25.0	25.0	675,625	8,376
Voimapiha Oy (A)	Helsinki	16.7	32.7	16.7	200,000	20,000
Woodtracker Oy	Espoo	17.6	17.6	17.6	30,000	30
Pohjolan Voima Oyj (A)				5.2	692,549	7,793
Pohjolan Voima Oyj (B)				3.2	230,558	2,735
Pohjolan Voima Oy (B2)				5.3	297,418	20,669
Pohjolan Voima Oyj (C2)				3.2	11,624	138
Pohjolan Voima Oyj (C)				14.3	318,041	467
Pohjolan Voima Oyj (M)				3.0	9,355	331
Pohjolan Voima Oyj (V)				21.5	224,735	3,952
				5.5	1,784,280	36,085
Teollisuuden Voima Oyj (A)				6.6	44,562,213	11,399
Teollisuuden Voima Oyj (B)				6.6	44,562,203	47,000
				6.6	89,124,416	58,399
Manga LNG Oy				5.0	1,389,885	1,818
Other shares and interests owned by the parent company
Suomen Energiavarat Oy (A)	Vaasa			100.0	4,400	3
Suomen Energiavarat Oy (B)	Vaasa			3.9	1,176	4,998
Other						192
						306,529
*) Subscription right certificate

NOTES TO THE BALANCE SHEET (€1,000)
	Group		Parent company
	2020	2019	2020	2019
13. INVENTORIES
Power plants' fuel	8,847	6,447	0	0
Advance payments	740	730	730	730
	9,587	7,176	730	730
14. NON-CURRENT RECEIVABLES
Loan receivables	67,315	45,036	67,315	45,036
Unpaid share capital 1)	0	20,000	0	20,000
Other non-current receivables	143	194	98	148
	67,458	65,230	67,413	65,185
Receivables from Group companies
Loan receivables	1,520	420	1,520	420
Receivables from associated companies
Loan receivables	65,695	44,516	65,695	44,516
15. CURRENT RECEIVABLES
Trade receivables	29,809	32,580	8,378	13,218
Loan receivables	0	0	6,100	6,050
Unpaid share capital 1)	20,000	9,000	20,000	9,000
Accrued income and prepaid expenses *)	19,185	13,040	3,292	2,727
Other receivables	11,744	15,514	1,733	728
	80,738	70,134	39,503	31,722
1) Share issue receivables relate to wind power investments
Receivables from Group companies
Trade receivables	-	-	1	1
Loan receivables	-	-	6,100	6,050
Prepayments and accrued income	1	0	2	0
Other receivables	0	7	1,249	178
	1	7	7,352	6,229
Receivables from associated companies
Trade receivables	3,153	3,045	27	41
Prepayments and accrued income	2,641	2,330	2,641	2,330
Other receivables	317	485	30	19
	6,111	5,860	2,698	2,390
*) Significant items included in prepayments and accrued income
Accrued electricity purchases	2,590	2,488	2,590	2,488
Accrued electricity and heat sales	700	579	126	0
Accrued emission allowances bought	417	16	302	16
Accrued energy aid	13,525	8,680	0	0
Accrued interest income	193	209	194	184
Accrued insurance premiums	95	80	38	0
Accrued investment subsidies	718	0	0	0
Other	948	988	42	39
	19,185	13,040	3,292	2,727
16. EQUITY
Restricted equity
Share capital 1 Jan	13,773	13,773	13,773	13,773
Increase in share capital	170	0	170	0
Share capital 31 Dec	13,943	13,773	13,943	13,773
Share issue 1 Jan	663	0	663	0
Unregistered share capital	0	663	0	663
Transfer to share capital	-170	0	-170	0
Share issue 31 Dec	493	663	493	663
Share premium reserve 1 Jan	0	51,933	0	51,933
Investment in invested non-restricted equity reserve	0	-51,933	0	-51,933
Share premium reserve 31 Dec	0	0	0	0
Revaluation reserve 1 Jan	0	1,245	0	1,245
Revaluation adjustment	0	-1,245	0	-1,245
Revaluation reserve 31 Dec	0	0	0	0
Statutory reserve 1 Jan	0	5,273	0	5,273
Investment in invested non-restricted equity reserve	0	-5,273	0	-5,273
Statutory reserve 31 Dec	0	0	0	0
Total restricted equity	14,436	14,436	14,436	14,436
Non-restricted equity
Invested non-restricted equity reserve 1 Jan	258,496	191,144	258,496	191,144
Transfer from restricted equity reserve	0	57,205	0	57,205
Share issue	0	38,337	0	38,337
Capital repayment	0	-28,191	0	-28,191
Invested non-restricted equity reserve 31 Dec	258,496	258,496	258,496	258,496
Retained result 1 Jan	97,769	82,450	18,807	16,636
Revaluation adjustment	0	-437	0	-437
Retained result 31 Dec	97,769	82,013	18,807	16,199
Result for the financial year	12,958	15,757	214	2,608
Total non-restricted equity	369,223	356,265	277,516	277,303
TOTAL EQUITY	383,659	370,701	291,953	291,739
Depreciation difference
Share from depreciation difference entered under equity	94,171	77,957	-	-
Calculation of distributable equity 31 Dec
Retained result	-	-	18,807	16,199
Result for the financial year	-	-	214	2,608
Invested non-restricted equity reserve	-	-	258,496	258,496
	-	-	277,516	277,303

NOTES TO THE BALANCE SHEET (€1,000)
Share capital by share class	Shares	€1,000
Series A1
- the right to receive electricity generated through nuclear power by the nuclear power plant units Olkiluoto 1, Olkiluoto 2 and Olkiluoto 3, based on the company Teollisuuden Voima Oyj’s Series A and B shares or shares replacing them	3,630,898	6,173
Series A2
- the right to receive electricity generated through nuclear power by Teollisuuden Voima Oyj’s nuclear power plant units Olkiluoto 1 and Olkiluoto 2, based on the company Pohjolan Voima Oyj’s Series B shares or shares replacing them	250,000	425
Series A3
- the right to receive electricity generated through nuclear power by Teollisuuden Voima Oyj’s nuclear power plant unit Olkiluoto 3, based on the company Pohjolan Voima Oyj’s Series B2 shares or shares replacing them	600,486	1,021
Series B
- the right to receive electricity generated mainly at the Meri-Pori coal power plant, based on the company Teollisuuden Voima Oyj’s Series C and Pohjolan Voima Oyj’s Series C2 shares or shares replacing them	64,653	110
Series C
- the right to receive electricity generated mainly by Mussalon Voima Oy, based on the company Pohjolan Voima Oyj’s Series M shares or shares replacing them	20,517	35
Series D1
- the right to receive electricity generated at the Vaskiluodon Voima power plant, based on the company Vaskiluodon Voima Oy’s or, from 1 January 2023, Vaasan Voima Oy’s shares or shares replacing them	562,500	956
Series D2
- the right to receive electricity generated mainly at Vaskiluodon Voima Oy’s thermal power station in Vaasa, based on the company Pohjolan Voima Oyj’s Series V shares or shares replacing them	113,091	192
Series D3
- the right to receive electricity generated at the Seinäjoki thermal power station, based on the company Seinäjoen Voima Oy’s shares or shares replacing them	13,500	23
Series E1
- the right to receive electricity generated in Finland mainly through hydroelectric power, based on the company Pohjolan Voima Oyj’s Series A shares or shares replacing them	543,375	924
Series E2
- the right to receive electricity generated for the company by the company’s affiliated company Rapid Power Oy in Norway through hydroelectric power and transmitted to Finland	265,440	451
Series E3
- the right to receive electricity generated in Sweden mainly through hydroelectric power, based on the company Voimapiha Oy’s Series A shares or shares replacing them	110,000	187
Series F
- the right to receive electricity generated mainly at the Tahkoluoto and Kristinestad power plants, based on the company Pohjolan Voima Oyj’s Series C shares or shares replacing them	197,964	337
Series G
- the right to proceeds not included in other share series and the liability to pay corresponding expenses	302,400	514
Series M
- the right to receive liquid natural gas (LNG), based on the company Manga LNG Oy’s shares or shares replacing them	6,000	10
Series P1
- the right to receive emission reduction allowances acquired by the company from third parties, and the obligation to bear the fixed costs incurred by the company through the acquisition of the allowances by the party in question commensurate with the number of Series P1 shares owned by the party and the variable costs commensurate with the allowances taken by the party	74,000	126
Series P2
- the right to receive emission reduction allowances acquired by the company from third parties on the basis of acquisition decisions made in 2011 or later, and the obligation to bear the fixed costs incurred by the company through the acquisition of the allowances by the party in question commensurate with the number of Series P2 shares owned by the party and the variable costs commensurate with the allowances taken by the party	43,800	74
Series T1
- the right to receive electricity generated at the Tornio thermal power station, based on the company Tornion Voima Oy’s shares or shares replacing them	120,000	204
Series T2
- the right to receive electricity generated at the Raahe CHP power station, based on the company Raahen Voima Oy’s shares or shares replacing them	49,531	84
Series W1
- the right to receive electricity generated through wind power, based on the company Rajakiiri Oy’s shares or shares replacing them	86,971	148
Series W2
- the right to receive electricity generated through wind power, based on the company EPV Windpower Ltd’s Series A shares or shares replacing them	26,756	45
Series W3
- the right to receive electricity generated through wind power, based on the company Suomen Merituuli Oy’s shares or shares replacing them	4,987	8
Series W4
- the right to receive electricity generated through wind power, based on the company EPV Windpower Ltd’s Series B shares or shares replacing them	259,325	441
Series W5
- the right to receive electricity generated through wind power, based on the company EPV Windpower Ltd’s Series C shares or shares replacing them	235,000	400
Series W6
- the right to receive electricity generated through wind power, based on the company EPV Windpower Ltd’s Series D shares or shares replacing them	500,000	850
Series W7 *)
- the right to receive electricity generated through wind power, based on the company EPV Windpower Ltd’s Series E shares or shares replacing them	120,700	205
	8,201,894	13,943
The owners of each share series shall bear the fixed costs of the series in question commensurate with the number of shares they own and variable costs commensurate with the quantity of energy they have taken.
*) Unregistered share issues

Date of shareholders' meeting	Share series	Special issue
		Shares	Total issue price €1,000	Share capital €1,000	Invested non-restricted equity reserve €1,000
Unpaid
14 Nov 2019	W7	200,000	20,000	340	19,660
Paid
14 Nov 2019	W7	90,000	9,000	153	8,847
		290,000	29,000	493	28,507

NOTES TO THE BALANCE SHEET (€1,000)
	Group		Parent company
	2020	2019	2020	2019
17. ACCUMULATED APPROPRIATIONS
Depreciation difference of deferred tax liabilities	24,749	20,536	0	0
18. NON-CURRENT LIABILITIES
Bank loans	265,036	211,752	53,100	38,104
Other non-current liabilities	89,332	88,139	71,296	72,319
	354,369	299,891	124,396	110,422
Liabilities to associated companies
Other non-current liabilities	73,096	74,119	71,296	72,319
Liabilities maturing in more than five years
Bank loans	45,860	3,478	0	0
Other non-current liabilities	71,296	72,319	71,296	72,319
	117,156	75,797	71,296	72,319
19. CURRENT LIABILITIES
Bank loans	54,332	81,766	0	0
Other current liabilities	1,022	1,691	1,022	1,691
Advances received	18	1,811	0	0
Trade payables	33,988	36,115	11,879	15,450
Accruals *)	10,636	8,260	4,152	5,024
Other current liabilities	8,077	7,715	578	758
	108,073	137,357	17,632	22,922
Liabilities to Group companies
Trade payables	0	1	4,635	3,837
Other current liabilities	-	-	0	200
	0	1	4,635	4,037
Liabilities to associated companies
Trade payables	7,800	12,736	7,064	11,441
Other current liabilities	1,436	2,189	1,392	2,064
	9,235	14,925	8,456	13,505
*) Main items of accued expenses
Electricity sales	2,883	2,979	2,883	2,979
Electricity purchases	102	0	28	0
Interest expenses	1,438	1,746	384	579
Accrued emission trading	654	0	0	0
Fuel purchases	1,077	0	0	0
Accrued personnel expenses	1,501	1,495	855	831
Accrued taxes	69	878	0	632
Other	2,912	1,160	2	3
	10,636	8,260	4,152	5,024
20. COMMITMENTS
Overdraft agreements
Total amount of granted overdraft	83,000	73,000	23,000	13,000
Available	15,676	13,980	0	0
Leasing contract payments
Maturing next financial year	56	43	39	34
Maturing later	40	56	6	36
	96	99	45	69
Shares pledged, book value of shares
From associated company's liabilities	1,818	1,818	1,818	1,818
Guarantees
From associated company's liabilities	6,783	5,610	6,783	5,610
For other companies' liabilities	1,610	1,610	1,610	1,610
Other commitments
On behalf of Group company	59,870	76,882	59,870	76,882
Other own commitments 1)	50,206	32,739	39,668	21,846
1) The company has granted shareholder loan commitments in connection to the OL3 project to TVO and PVO, totalling EUR 39.0 million. The company's A1 and A3 shareholders have granted the company counter-commitments totalling EUR 37.8 million to cover the shareholder loan commitments.
The parent company's long-term lease agreement on its premises has been continued by three years, starting on 1 January 2020. According to the agreement, the company assumes rental liability.
Wind power projects involve the usual, non-current rental liabilities to landowners and, after production has ended, the responsibility to remove structures and bring the site to its former state.
21. DERIVATIVE FINANCIAL INSTRUMENTS
Interest rate derivatives
In accordance with the company’s financing policy, it only concludes derivative financial instruments with the purpose of hedging. The interest rate risk is hedged through interest rate swap agreements by converting floating rate loans into fixed interest rate loans. The company’s hedging relationships are substantially efficient, excluding the effects of negative reference rates on instruments which will mature before 2028. The terms of the hedged risk and hedging instrument are well matched in other respects. The derivative instruments will terminate between 2021 and 2037. The fair value of interest rate swaps on the closing date is the best estimate of future interest expenses that the instruments incur, affecting the interest costs of future financial years.
Derivative instruments that will mature before 2028
Nominal value	175,533	-	45,000	-
Fair value	-5,444	-	-1,288	-
Derivative instruments that will mature in 2028 or later
Nominal value	40,000	-	-	-
Fair value	-2,412	-	-	-

NOTES TO THE BALANCE SHEET (€1,000)
	Group		Parent company
22. EMISSION ALLOWANCES
Emission trading period	2020	2019-2020	2020	2019-2020
	tn CO2	tn CO2	tn CO2	tn CO2
Allocated free emission allowances	118,386	245,926	-	-
Allocated per year	118,386	127,540	-	-
Use of emission allowances	2020	2019	2020	2019
	tn CO2	tn CO2	tn CO2	tn CO2
Total emissions	604,937	735,161	-	-
Emission allowances allocated without compensation 1 Jan	-118,386	-127,540	-	-
Emission allowance purchases	-451,000	-620,000	-	-
Certified Emission Reduction (CER) purchases	0	-254	-	-
Deficit (+) / surplus (-)	35,551	-12,633	-	-
Allocated available free emission allowances 31 Dec	108,579	240,231	-	-