Separate financial statements for the electricity network operations of EPV Alueverkko Oy in accordance with section 32 of the Electricity Market Act.

EPV Alueverkko Oy  
31 Dec 2020
BALANCE SHEET €31.12.202031.12.2019
ASSETS
NON-CURRENT ASSETS
Intangible assets924,918.78984,222.69
Tangible assets59,939,793.9556,603,645.34
TOTAL NON-CURRENT ASSETS60,864,712.7357,587,868.03
CURRENT ASSETS
Current receivables8,173,422.538,049,949.82
Cash and cash equivalents3,575,984.835,216,652.85
TOTAL CURRENT ASSETS11,749,407.3613,266,602.67
72,614,120.0970,854,470.70
EQUITY AND LIABILITIES
EQUITY
Share capital1,600,000.001,600,000.00
Invested non-restricted equity reserve337,435.86337,435.86
Retained result877,057.74877,057.74
Result for the financial year24,835.340.00
TOTAL EQUITY2,839,328.942,814,493.60
APPROPRIATIONS
Depreciation difference32,687,377.6828,035,091.13
LIABILITIES
Non-current liabilities24,974,450.741,581,875.00
Current liabilities12,112,962.7338,423,010.97
TOTAL LIABILITIES37,087,413.4740,004,885.97
72,614,120.0970,854,470.70
EPV Alueverkko Oy  
31 Dec 2020
INCOME STATEMENT €1 Jan–31 Dec 20201 Jan–31 Dec 2019
TURNOVER40,951,797.6742,023,842.57
Other operating income3,016,291.953,551,143.55
Materials and services-27,248,528.51-28,263,709.31
Personnel expenses-415,357.56-398,279.09
Depreciation and impairment charges-3,245,242.95-2,993,583.13
Other operating expenses-3,188,888.46-3,021,806.65
BUSINESS RESULT9,870,072.1410,897,607.94
Finance income and costs-192,950.25-254,624.22
RESULT BEFORE
APPROPRIATIONS AND TAXES9,677,121.8910,642,983.72
Appropriations
Group contributions paid-5,000,000.00-6,000,000.00
Difference between planned
depreciations and tax depreciations-4,652,286.55-4,642,983.72
-9,652,286.55-10,642,983.72
Income taxes
Taxes for the financial year0.000.00
RESULT FOR THE FINANCIAL YEAR24,835.340.00
EPV Alueverkko Oy  
31 Dec 2020
CASH FLOW STATEMENT €20202019
Operating activities
Business result9,870,072.1410,897,607.94
Adjustments to business result 1)3,245,242.952,408,048.84
Changes in working capital 2)-3,769,884.95-1,683.55
Interest paid-126,733.69-144,994.81
Interest received101.7025,716.76
Other financial items-66,318.26-59,710.11
Direct taxes0.000.00
Cash flow from operating activities9,152,479.8913,124,985.07
Investment activities
Investments in tangible and intangible assets-6,522,087.65-5,583,381.38
Proceeds from sales of non-current assets0.002,577,500.00
Cash flow from investment activities-6,522,087.65-3,005,881.38
Financing activities
Proceeds from long-term loans23,392,575.740.00
Repayments of long-term loans0.00-1,105,717.68
Increase (+) or decrease (-) in current interest-bearing receivables-22,663,636.00-2,744,735.11
Group contribution received and paid-5,000,000.00-6,000,000.00
Cash flow from financing activities-4,271,060.26-9,850,452.79
Change in cash and cash equivalents 3)-1,640,668.02268,650.90
Liquid assets 1 Jan5,216,652.854,948,001.95
Liquid assets 31 Dec3,575,984.835,216,652.85
1) Adjustments to business result
Depreciation and write-downs3,245,242.952,993,583.13
Gain (-) or loss (+) from divestment of non-current assets0.00-585,534.29
3,245,242.952,408,048.84
2) Changes in working capital
Increase (-) or decrease (+) in non-interest-bearing receivables-123,472.7110,284,085.24
Increase (+) or decrease (-) in current non-interest-bearing liabilities-3,646,412.24-10,285,768.79
-3,769,884.95-1,683.55
3) Change in cash and cash equivalents
The merger on 1 January 2019 resulted in the transfer of EUR 16,532.44 in financial assets.
The effects of the merger and business transfer have been eliminated in the cash flow statement as applicable.