Notes to the financial statement

NOTES TO THE FINANCIAL STATEMENTS (€1,000)
	Group				Parent company
	2020		2019		2020	2019

1. TURNOVER

Electricity sales	192,896	1)	240,774	1)	86,599	133,082
Heat sales	39,608		42,981		1,640	2,207
Other activities	60,913		59,676		4,932	3,439
	293,417		343,431		93,171	138,728

1) Deals (sales and purchases) closed within the Nord Pool power exchange or other wholesale markets are presented according to the gross principle, as in previous years.


2. OTHER OPERATING INCOME

Rental income	394		259		221	229
Capital gains on fixed assets	332		4,116		0	3,238
Other income	3,245		5,104		4,236	3,775
	3,970		9,479		4,457	7,242


3. MATERIALS AND SERVICES

Energy purchases and distribution charges	129,475	1)	165,948	1)	39,277	69,460
Fuels	32,138		36,588		620	957
Emission allowance purchases	12,958		14,542		12,208	15,470
Purchases during period	174,571		217,078		52,106	85,887
Increase (-) or decrease (+) in inventories	-2,400		-507		0	0
External services	6,021		4,798		3,378	1,327
	178,192		221,370		55,484	87,214

1) Deals (sales and purchases) closed within the Nord Pool power exchange or other wholesale markets are presented according to the gross principle, as in previous years.


4. PERSONNEL EXPENSES

Wages, salaries and bonuses	8,233		7,625		4,710	4,268
Pension expenses	1,311		1,406		781	813
Other additional personnel expenses	261		238		153	141
	9,804		9,269		5,644	5,223

Salaries and bonuses paid to the CEO and the Board of Directors	563		532		541	511

Average number of personnel during financial year	115		106		57	52


5. DEPRECIATION AND IMPAIRMENT CHARGES

Planned depreciations
Intangible assets	460		460		0	0
Other non-current expenses	1,407		1,409		312	311
Buildings and structures	3,116		3,081		49	53
Machinery and equipment	19,813		19,077		94	95
Electricity network	3,747		3,453		0	0
Other tangible assets	72		72		0	0
Peat resources	180		146		0	0
	28,795		27,699		455	460


Impairment charges on fixed assets
Peat resources	572		0		0	0

	29,367		27,699		455	460


6. OTHER OPERATING EXPENSES

Firm energy purchases	31,138		45,335		37,838	51,908
External services	17,867		16,057		864	655
Administrative costs	1,490		1,396		842	896
Rent	1,724		1,705		395	387
Materials and supplies	1,726		1,696		106	117
Other personnel expenses	492		616		244	360
Commitment expenses and public payments	2,359		2,417		106	93
Other expenses	-4		347		0	324
	56,791		69,568		40,396	54,740


Auditor's fees
Auditing fees	170		119		79	66
Certificates and expert opinions	2		2		0	2
Tax advisory fees	8		12		4	12
Other services	14		8		13	4
	194		141		97	84


7. FINANCE INCOME AND COSTS

Dividend income
From affiliated companies	-		-		350	0
From others	6		225		6	225
	6		225		356	225
Other interest and finance income
From Group companies	-		-		294	146
From affiliated companies	39		35		33	33
From others	425		553		354	505
	463		589		680	684

Interest and other finance costs
To Group companies	-		-		-18	-17
To affiliated companies	-17		-19		0	0
To others	-5,463		-6,015		-1,506	-1,715
	-5,480		-6,034		-1,524	-1,731

Total finance income and costs	-5,011		-5,220		-487	-823


8. INCOME TAXES

Income tax on ordinary activities	12		827		0	629
Changes in deferred tax liabilities	4,213		3,449		-	-
	4,225		4,276		0	629

Notes to the financial statement

Accounting principles

Notes to the balance sheet