Energinet.Dk Owns the Energy 'Motorways' and Supports Denmark's Transition to Renewable Energy Key Ratios
Consolidated annual report 2012 Energinet.dk owns the energy 'motorways' and supports Denmark's transition to renewable energy Key ratios Financial highlights Income statement 2012 2011 2010 2009 2008 Revenue DKKm 9,805 7,369 8,480 9,145 8,360 Excess revenue/deficit DKKm -988 530 158 -263 316 EBITDA DKKm 1,579 1,615 2,230 1,874 2,032 Profit before net financials DKKm 620 749 1,086 577 866 Net financials DKKm -269 -342 -302 -314 -411 Net profit for the year DKKm 261 128 695 165 455 Strengthening of contributed capital DKKm 116 176 154 -111 199 Balance sheet Non-current assets DKKm 29,628 19,052 17,423 17,038 17,164 Current assets DKKm 2,692 3,175 2,914 2,591 2,645 Balance sheet total DKKm 32,320 22,227 20,337 19,629 19,809 Net interest-bearing debt DKKm 16,424 10,006 7,995 8,821 9,816 Equity DKKm 5,961 5,669 5,569 5,050 4,864 Cash flows Operating activities DKKm 1,686 101 1,937 2,140 990 Investing activities DKKm -8,202 -2,025 -1,103 -1,180 -2,591 of which investment in property, plant and DKKm -2,731 -2,166 -1,040 -1,056 -1,030 equipment Financing activities DKKm 6,683 1,110 -591 -579 939 Cash and cash equivalents, end of year, net DKKm 13 -154 660 417 36 Key ratios Solvency ratio % 18 26 27 26 25 Credit rating Standard & Poors Rating AA AA AA AA AA+ Price-index regulation announced by the Danish % 3.6 5.5 3.8 -2.0 6.2 Energy Regulatory Authority Rate of cost, operating costs % 3.4 3.9 4.2 4.8 4.9 EBITDA margin % 16.1 21.9 26.3 20.5 24.3 Operating cash flow/debt % 10.3 1.0 24.2 24.3 10.1 Annual report 2012 – Energinet.dk 2 Non-financial
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