Akciju sabiedrība "Latvenergo" financials
Akciju sabiedrība "Latvenergo"
Country: LV Reporting currency: EUR Latest annual report: 2023-12-31
LEI:
213800DJRB539Q1EMW75 Financial statements
(EUR, as reported — unscaled; 117 line items across 2 annual periods)
| Line item | 2023 | 2022 |
|---|---|---|
| Income statement | ||
| Revenue | €2.03B | €1.84B |
| Other income | €31.9M | €31.2M |
| Employee benefits expense | €141.9M | €117.0M |
| Raw materials & consumables used | €1.25B | €1.33B |
| Depreciation & amortisation | €197.2M | €166.2M |
| Operating profit (EBIT) | €404.6M | €194.0M |
| Finance costs | €25.3M | €10.8M |
| Profit before tax | €388.5M | €184.5M |
| Income tax expense | €37.6M | €671.0K |
| Profit for the year | €350.9M | €183.9M |
| — attributable to owners | €349.7M | €183.4M |
| — attributable to NCI | €1.2M | €431.0K |
| Total comprehensive income | €759.6M | €302.7M |
| Per share | ||
| Basic EPS | €0.44 | €0.23 |
| Diluted EPS | €0.44 | €0.23 |
| Free cash flow / share | €0.50 | €0.01 |
| Cash flow statement | ||
| Cash generated from operations | €537.7M | €363.0M |
| Net cash from operating activities | €575.7M | €126.5M |
| Net cash from investing activities | -€182.4M | -€118.2M |
| Net cash from financing activities | -€387.6M | €7.4M |
| Dividends paid | €153.0M | €70.2M |
| Proceeds from borrowings | €2.0M | €207.8M |
| Repayments of borrowings | €301.1M | €129.1M |
| Lease liability payments | €1.8M | €1.6M |
| Balance sheet | ||
| Total assets | €4.13B | €3.86B |
| Non-current assets | €3.38B | €3.08B |
| Property, plant & equipment | €3.30B | €3.01B |
| Right-of-use assets | €11.2M | €10.5M |
| Current assets | €750.7M | €776.7M |
| Inventories | €183.8M | €295.6M |
| Cash & equivalents | €118.5M | €112.8M |
| Total equity | €2.96B | €2.36B |
| — attributable to owners | €2.96B | €2.35B |
| Non-controlling interests | €7.8M | €7.1M |
| Non-current liabilities | €820.1M | €854.2M |
| Long-term borrowings | €536.3M | €574.8M |
| Lease liabilities (non-current) | €9.0M | €8.6M |
| Current liabilities | €344.8M | €644.7M |
| Lease liabilities (current) | €2.4M | €2.0M |
| Trade & other payables | €202.7M | €165.3M |
| Deferred tax liabilities | €5.5M | €667.0K |
| Derived metrics | ||
| Free cash flow | €394.2M | €8.3M |
| Operating margin | 19.9% | 10.5% |
| Net margin | 17.2% | 10.0% |
| Return on equity | 11.8% | 7.8% |
| Cash conversion ratio | 1.64× | 0.69× |
| Capex coverage | 3.17× | 1.07× |
| Other reported items | ||
| Adjustments For Decrease Increase In Inventories | €120.4M | -€110.9M |
| Adjustments For Decrease Increase In Other Current Assets | -€140.0M | €0 |
| Adjustments For Decrease Increase In Trade and Other Receivables | €57.4M | -€89.8M |
| Adjustments For Depreciation and Amortisation Expense | €197.2M | €166.2M |
| Adjustments For Dividend Income | €0 | €0 |
| Adjustments For Gains Losses On Change In Fair Value of Derivatives | €23.1M | -€9.0M |
| Adjustments For Increase Decrease In Trade and Other Payables | €216.0K | -€35.7M |
| Adjustments For Interest Expense | €25.0M | €10.5M |
| Adjustments For Interest Income | €6.1M | €27.0K |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | €6.6M | €4.0M |
| Adjustments For Provisions | -€35.0K | €480.0K |
| Adjustments For Unrealised Foreign Exchange Losses Gains | €4.0K | €29.0K |
| Cash Advances and Loans Made To Related Parties | €863.0K | €0 |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | €0 | €0 |
| Cash Receipts From Repayment of Advances and Loans Made To Related Parties | €0 | €0 |
| Comprehensive Income Attributable To Noncontrolling Interests | €1.2M | €431.0K |
| Comprehensive Income Attributable To Owners of Parent | €758.5M | €302.3M |
| Current Borrowings and Current Portion of Noncurrent Borrowings | €93.4M | €301.2M |
| Current Contract Liabilities For Performance Obligations Satisfied Over Time | €21.3M | €29.3M |
| Current Deferred Income Other Than Current Contract Liabilities | €25.0M | €24.9M |
| Current Derivative Financial Assets | €8.0M | €2.6M |
| Current Derivative Financial Liabilities | €0 | €122.0M |
| Current Loans and Receivables | €0 | €0 |
| Current Receivables From Contracts With Customers | €224.9M | €314.1M |
| Deferred Tax Assets | €800.0K | €0 |
| Dividends Paid To Equity Holders of Parent Classified As Financing Activities | €152.5M | €70.2M |
| Dividends Paid To Noncontrolling Interests Classified As Financing Activities | €450.0K | €0 |
| Dividends Received Classified As Investing Activities | €0 | €0 |
| Equity and Liabilities | €4.13B | €3.86B |
| Finance Income | €9.2M | €1.4M |
| Gains Losses On Cash Flow Hedges Net of Tax | €99.4M | -€109.5M |
| Income Taxes Paid Refund Classified As Operating Activities | €32.1M | €2.6M |
| Increase Decrease In Cash and Cash Equivalents | €5.7M | €15.7M |
| Increase Decrease Through Sharebased Payment Transactions | — | €400.0K |
| Increase Decrease Through Transactions With Owners | -€153.0M | -€69.8M |
| Increase Decrease Through Transfer Between Revaluation Reserve and Retained Earnings | €0 | €0 |
| Increase Decrease Through Transfer To Statutory Reserve | €0 | — |
| Intangible Assets Other Than Goodwill | €57.3M | €51.8M |
| Interest Paid Classified As Operating Activities | €23.6M | €9.1M |
| Interest Received Classified As Operating Activities | €5.5M | €27.0K |
| Investment Property | €2.3M | €2.3M |
| Investments In Subsidiaries Joint Ventures and Associates | €42.0K | €40.0K |
| Issued Capital | €790.4M | €790.4M |
| Liabilities | €1.16B | €1.50B |
| Noncurrent Contract Liabilities For Performance Obligations Satisfied Over Time | €138.5M | €133.1M |
| Noncurrent Deferred Income Other Than Noncurrent Contract Liabilities | €112.5M | €121.2M |
| Noncurrent Derivative Financial Assets | €3.2M | €8.1M |
| Noncurrent Loans and Receivables | €863.0K | €0 |
| Noncurrent Provisions | €18.2M | €15.6M |
| Other Adjustments For Noncash Items | €0 | €0 |
| Other Comprehensive Income | €408.7M | €118.9M |
| Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans | -€2.7M | €645.0K |
| Other Comprehensive Income Net of Tax Gains Losses On Revaluation | €312.1M | €227.7M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | €99.4M | -€109.5M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | €309.4M | €228.3M |
| Other Current Financial Assets | €140.0M | €0 |
| Other Current Nonfinancial Assets | €2.4M | €2.4M |
| Other Current Receivables | €50.1M | €17.5M |
| Other Expense By Nature | €74.3M | €62.1M |
| Other Income Expense From Subsidiaries Jointly Controlled Entities and Associates | €0 | €0 |
| Other Intangible Assets | €23.1M | €31.7M |
| Other Noncurrent Liabilities | €0 | €265.0K |
| Other Noncurrent Nonfinancial Assets | €447.0K | €482.0K |
| Other Reserves | €1.68B | €1.28B |
| Proceeds From Government Grants Classified As Financing Activities | €16.2M | €4.0K |
| Proceeds From Issue of Bonds Notes and Debentures | €50.0M | €100.0M |
| Proceeds From Issuing Shares | €0 | €400.0K |
| Purchase of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | €181.5M | €118.2M |
| Repayments of Bonds Notes and Debentures | €0 | €100.0M |
| Retained Earnings | €483.0M | €276.2M |
Methodology
Every line item above is a fact tagged in Akciju sabiedrība "Latvenergo"'s annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.