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Our key figures

All figures are per 31 December, unless stated otherwise.

Operational figures

type 2016 2015 2014
Connections electricity 2.664.391 2.641.551 2.616.357
Connections gas 1.773.585 1.740.197 1.706.223
Access points social supplier electricity 62.717 60.655 61.525
Access points social supplier gas 48.461 47.138 47.942
Net length electricity 97.667 97.312 96.408

of which mid tension

34.794 34.737 34.394

of which low tension

62.873 62.575 62.014
Net length gas 42.837 42.598 42.238

of which mid pressure

7.972 7.915 4.847

of which low pressure

34.865 34.683 34.391
Public lighting points 849.092 845.250 842.758

 

Staff (Eandis System Operator cvba)

staff 2016 2015 2014
Number of staff 3.967 4.041 4.170
Number of staff (full time equivalent) 3.793.23 3.869,22 4.001,11

 

Financial

All financial figures are IFRS figures for the Eandis Economic Group. All figures are in thousands of EUR, unless stated otherwise.

Income statement

income statement   2015 2014
Operating revenue 2.788.767 2.677.762 2.781.007
Operating expenses -2.169.960 -2.065.689 -2.299.725
Result from operations 618.807 612.073 481.282
Financial result -190.009 -184.863 -252.980
Profit before tax 428.798 427.210 228.302
Income tax expenses -145.906 -142.767 188.737
Profit for the period 282.892 284.443 417.039

 

Balance sheet

balance 2016 2015 2014
Non-current assets 7.902.818 7.908.256 7.854.706
Current assets 1.715.003 1.814.932 2.306.126
TOTAL ASSETS 9.617.821 9.723.188 10.160.832
Equity 2.063.972 1.977.198 2.608.370
Non-current liabilities 1.558.899 1.718.745 1.088.710
Current liabilities 5.994.950 6.027.245 6.463.752
TOTAL LIABILITIES 9.617.821 9.723.188 10.160.832

 

Cash flow statement

cash flow 2016 2015 2014
Net cash flow from operating activities 709.235 1.282.610 -336.729
Net cash flow used in investing activities -351.326 -431.005 -496.669
Net cash flow used in financing activities -358.857 -856.862 837.275

 

Ratios

ratios 2016 2015 2014
(FFO + interest expense)/interest expense (1)   3,0 3,6
Net debt/ fixed assets (2)   81,4% 80,5%
FFO/net debt (3)   6,6% 8,3%
RCF/capex (4)   3,7% 5,3%

Note

All ratios as calculated by Moody’s (Credit Opinion dated 5 Juli 2016)

Legend

FFO = funds from operations
RCF = Retained cash flows
(1) Adjusted interest cover ratio – indicates the company’s capability to pay off its debts
(2) Net debt on fixed assets – indicates the debt ratio compared to the company’s investments in grid infrastructure
(3) Operating cash flow on net debt  – indicates the company’s capability to generate cash so that future debts can be paid off
(4) Retained cash flow on net debt – indicates financial leverage as well as the strength of cash flows after dividend payments

 

Maturity Profile

In the graph below you find an overview of the payments of principal and interests under currently outstanding long term debt instruments (bank loans and bonds):


The weighted average maturity of outstanding long-term financing instruments (bank loans, bond debts etc) as per 1 July 2017 is 10 years and 5 months. The weighted average interest on these financing intruments is 2,924%.

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