<h1>Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A.</h1>

Financial data

Annual data

Consolidated

in PLN thousand201720162015201420132012201120102009200820072006
Revenue 1 014 7961 027 157972 881880 318904 6591 098 4521 033 060981 490974 415808 485778 219853 960
Revenue/costs of compensation for stranded costs(27 180)
4 531
18 11917 72665 75012 8598 54610 24418 34025 674--
Operating profit 165 114
190 567
169 03257 681123 927135 592182 656184 695225 88591 76098 02486 727
EBITDA308 330
351 323
304 050178 208238 624236 178277 535272 235308 679187 299188 890182 097
Profit before income tax164 544
186 241
158 40248 278122 844119 192161 926169 266204 62075 63783 07554 445
Net profit132 275
150 940
126 73750 01879 78293 898122 300139 299167 39960 12767 83441 567
Non-current assets1 725 453
1 776 003
1 758 163 1 631 4741 455 0911 438 5361 385 8721 343 0121 258 4441 144 8681 091 1931 086 797
Current assets600 237
470 124498 346440 641474 112410 742454 167507 811551 722370 336298 049329 245
Assets held for sale------39 142----4
Total assets2 325 690
2 246 127
2 256 5092 072 1151 929 2031 849 2781 879 1811 850 8231 810 1661 515 2041 389 2421 416 046
Non-current liabilities558 187
508 476
546 721538 408382 633258 957363 544424 543442 787395 323411 341432 493
Current liabilities261 092
264 778
339 937288 975349 714471 237414 274396 384418 315306 443196 238242 326
Liabilities related to assets held for sale------9 641----200
Equity1 506 411
1 472 873
1 369 8511 244 7321 196 8561 119 0841 091 7221 029 896949 064813 438781 663741 027
Cash flows from operating activities330 694
429 495340 229115 051389 807228 035204 533281 582256 603153 038179 521176 070
Cash flows from investing activities-77 361
-162 727-287 176-276 705-135 339-129 925-155 817-187 880-174 420-122 775-75 656-120 898
Cash flows from financing activities-117 449
-181 96335 95643 563-106 463-183 592-128 359-101 261-650-20 244-118 702-89 670

Separated

in PLN thousand201720162015201420132012201120102009200820072006
Revenue583 245
598 709551 212508 431550 626595 204604 872587 237531 802429 667387 211460 410
Operating profit81 580
84 57954 452-6 20024 04622 36465 63666 89491 68730 75837 79730 075
EBITDA183 870
192 856153 46577 53398 10586 247122 462116 634136 10674 23580 27873 035
Profit before income tax117 908
164 952153 416166 54775 84073 740108 102106 400121 14655 81369 27044 447
Net profit101 339
149 156141 735168 49072 86869 28498 31492 962103 46647 54760 02637 793
Non-current assets1 408 880
1 462 3391 451 4591 339 2871 166 3251 129 2201 080 2941 052 987966 291847 183751 749740 224
Current assets316 254
266 294334 679288 397250 114294 756266 176269 798293 977202 676151 170163 326
Assets held for sale------21 290-----
Total assets1 725 134
1 728 6331 786 1381 627 6841 416 4391 423 9761 367 7601 322 7851 260 2681 049 859902 919903 550
Non-current liabilities164 229
180 962204 909234 281121 321103 683131 711136 045844 56364 11060 41746 388
Current liabilities185 637
175 576265 092218 996289 935386 933306 313302 704125 611215 24790 742138 366
Equity1 375 268
1 372 0951 316 1371 174 4071 005 183933 360929 736884 036290 094770 502751 760718 796
Cash flows from operating activities194 170
229 856183 78144 111167 64757 77685 975150 20969 90327 58795 21072 439
Cash flows from investing activities-21 216
-39 694-135 645-75 643-38 495-35 428-37 517-116 266-121 533-72 549-36 688-77 440
Cash flows from financing acitivities-122 987
-187 34529 12031 145-128 897-25 578-57 847-28 16152 55350 622-58 258-38 292
Number of shares14 90014 90014 90014 90014 90014 90014 90014 90014 90014 90014 90014 900
Basic earnings per share6.8010.019.5111.314.894.656.606.246.943.194.032.54
xlsx Annual financial data Download

Half year data

Consolidated

in PLN thousand20172016201520142013201220112010200920082007
Revenue from sales569 139
570 335518 893463 073486 236569 402548 852557 288539 641451 943414 224
Revenue from compensation for stranded costs9 791
7 3846 77610 30481 3019 6635 8343 41213 5768 920-
Operating profit147 165
143 901121 40058 146150 731104 251121 076130 208165 83275 06968 721
EBITDA222 505
213 863187 163118 331208 176154 397167 862173 254213 324122 876114 822
Profit before tax142 766
138 091116 14954 879144 81397 057113 446126 181156 86467 31665 606
Net profit115 434
112 20393 05355 434116 68774 68283 627100 449124 92253 77654 059
Non-current assets1 719 921
1 746 8221 689 3581 485 6141 409 1901 366 6621 338 1711 283 1281 159 5661 066 0941 070 268
Current assets560 972
479 828414 633405 679384 928433 236380 555420 021385 811345 501323 278
Assets held for sale----378--4 6981 172-4
Total assets2 280 893
2 226 6502 103 9911 891 2931 794 4961 799 8981 718 7261 707 8471 546 5491 411 5951 393 550
Non-current liabilities533 164
561 476574 835419 088335 354264 544387 716438 114402 037393 313433 172
Current liabilities297 361
277 563192 984222 791224 336433 733271 858273 047243 239205 538192 208
Equity1 450 368
1 387 6111 336 1721 249 4141 234 8061 101 6211 059 152996 686901 273812 744767 970
200
Net cash flow from operating activities219 917
293 879262 470157 077269 106273 392252 259316 891288 231157 444185 410
Net cash flow from investing activities-55 158
-74 723-146 942-92 179-50 321-40 252-61 580-94 811-77 094-84 897-131 095
Net cash flow from financing activities-12 179
-73 9081 121-51 190-168 037-128 871-205 837-169 979-118 600-36 310

Separated

in PLN thousand20172016201520142013201220112010200920082007
Revenue from sales341 173
337 672303 020291 46815 886338 666333 592312 966286 166236 383207 090
Operating profit69 577
66 82353 64226 41850 85327 21153 89454 06775 91739 82739 947
EBITDA126 231
117 816101 36167 69186 21158 55181 19078 21397 46661 45161 129
Profit before tax105 139
147 980152 939201 656108 39384 909103 08795 221106 42357 79771 978
Net profit91 672
135 545141 952197 05298 80877 00592 26483 43890 34251 01962 693
Non-current assets1 408 534
1 434 1661 391 6161 187 1771 111 9101 072 0851 071 471995 202868 452749 562736 120
Current assets350 990
347 368331 336347 929199 001232 749180 697155 644158 143194 855155 104
Assets held for sale----378--4 6981 172--
Total assets1 759 524
1 781 5341 722 9521 535 1061 311 2891 304 8341 252 1681 155 5441 027 767944 417891 224
Non-current liabilities174 081
199 620255 014143 989101 169129 252138 168131 88364 44262 18653 062
Current liabilities219 718
223 357151 579188 882177 952232 747188 511147 810132 075109 24184 237
Equity1 365 725
1 358 5571 316 3591 202 2351 032 168942 835925 489875 851831 250772 990753 925
Net cash flow from operating activities197 503
235 431211 200138 175221 064146 274151 155198 521164 05496 991129 766
Net cash flow from investing activities-6 579
-59 432-126 233-80 665-38 482-27 6461 689-52 087-51 770-66 785-95 232
Net cash flow from financing activities-11 591
-80 642-1 467-57 877-182 333-116 932-163 903-133 228-90 282-2 298-31 352
No. of ordinary shares (in thousand)14 90014 90014 90014 90014 90014 90014 90014 90014 90014 90014 900
Net profit attributable to shareholders per ordinary share6.159.109.5313.226.635.176.195.606.063.424.21
xlsx Half year financial data Download

Quarterly data

Consolidated (I quarter)

in PLN thousand2017201620152014201320122011201020092008
Revenue from sales372 856
365 790
318 571273 305313 786363 954349 151344 579341 660271 828
Revenue from compensation for stranded costs 4 6183 991
3 3815 5535 5049471 3611 4233 3010
Operating profit128 996126 948
96 12750 69277 913107 434113 461118 526135 72371 569
EBITDA166 760
161 390
128 41480 199104 599132 580136 876139 763159 42095 731
Profit before taxation126 611
123 928
93 07648 78874 546103 025108 967113 487129 28267 109
Net profit102 349
100 771
75 17938 77758 99082 15085 61490 506102 99153 862
Non-current assets1 749 667
1 733 762
1 639 2091 439 4431 417 5051 369 6431 327 8541 261 7311 132 5661 072 566
Current assets635 885
590 634427 756411 563272 111422 927530 912498 615399 184345 870
Assets held for sale---25 860-35 323----
Total assets2 385 552
2 324 396
2 066 9651 876 8661 689 6161 827 8931 858 7661 760 3461 531 7501 418 436
Non-current liabilities536 928
561 126
533 750387 879255 404361 034396 168444 946369 348406 204
Current liabilities312 728
292 648
213 304234 438256 138269 452341 449275 830218 452176 144
Liabilities related to assets held for salen---18 916-17 432----
Equity1 535 896
1 470 622
1 319 9111 235 6331 178 0741 179 9751 121 1491 039 570943 950836 088
Cash flows from operating activities183 279
188 878
164 766106 148218 779237 012235 199214 527212 945121 557
Cash flows from investing activities-47 536
-49 956
-95 910-42 213-41 333-31 121-36 843-60 767-66 023-82 725
Cash flows from financing activities-586
4 504
-38 432-65 990-159 655-120 108-119 001-99 169-85 877-7 983

Separated (I quarter)

in PLN thousand2017201620152014201320122011201020092008
Revenue from sales232 527
229 858
205 491189 013220 773232 804226 881214 059203 539154 967
Operating profit67 321
70 078
56 89541 41357 29155 30862 45464 75978 77644 892
EBITDA95 560
95 049
80 14261 70674 77470 76976 10276 69189 26556 065
Profit before tax67 271
69 948
56 55738 04355 07453 20860 78363 52378 62146 135
Net profit54 267
57 043
45 78131 05244 06543 00250 07050 74862 82536 857
Non-current assets1 435 410
1 439 098
1 357 6891 157 9831 114 4161 068 4411 046 073964 917845 174749 212
Current assets387 263
381 388
254 637190 105181 659186 341250 890205 409163 638172 627
Assets held for sale---14 500-11 772----
Total assets1 822 673
1 820 486
1 612 3261 362 5881 296 0751 266 5541 296 9631 170 3261 008 812921 839
Non-current liabilities179 246
210 776
227 435124 319101 779128 128132 145125 68664 34764 070
Current liabilitiesn217 065
236 530
164 703202 034216 871163 885229 373149 329110 70368 774
Equity1 426 362
1 373 180
1 220 1881 036 235977 425974 541935 445895 311833 762788 995
Cash flows from operating activities160 158
162 708
135 833107 361191 119157 348172 396144 078134 68684 962
Cash flows from investing activities-39 943
-38 308
-76 541-33 931-31 077-25 266-33 629-57 665-64 856-62 774
Cash flows from financing activities-573
-18
-38 432-73 812-159 618-117 972-106 555-80 559-70 848-369
No. of shares (in thounsand)14 900
14 90014 90014 90014 90014 90014 90014 90014 90014 900
Net profit per share3.643.833.072.082.962.893.363.414.222.47
xlsx I Quarter financial data Download

Consolidated (III quarter)

in PLN thousand2017201620152014201320122011201020092008
Revenue from sales717 142
694 987
672 932586 519609 010715 443692 915689 029656 843560 667
Revenue from compensation for stranded costs14 480
10 973
10 02714 50084 40411 2137 5065 06917 26017 801
Operating profit138 690
111 113
102 80235 582131 82766 55595 197107 325140 26751 373
EBITDA244 650
218 978
204 155126 123217 007141 396165 907172 203206 247123 177
Profit before taxation131 847
102 283
95 17530 291122 71956 45184 278100 244125 46139 043
Net profit106 477
82 475
76 27735 44698 32241 66255 26580 849101 19126 159
Non-current assets1 716 813
1 762 238
1 710 6301 566 7391 428 4121 390 8351 376 8431 310 1811 206 6431 093 848
Current assets464 724
386 809
419 626417 792428 733271 424411 362397 761398 760320 611
Assets held for sale--5 472-378-----
Total assets2 181 537
2 149 047
2 135 7281 984 5311 857 5231 662 2591 788 2051 707 9421 605 4031 414 459
Non-current liabilities558 170
563 158
604 580474 435331 883256 862391 549422 085407 251387 307
Current liabilities181 956
228 006
211 752280 670309 199336 796365 866309 038320 061234 794
Liabilities related to assets held for salen----------
Equity1 441 411
1 357 883
1 319 3961 229 4261 216 4411 068 6011 030 790976 819878 091792 358
Cash flows from operating activities246 905
330 889
270 43769 914317 669232 833185 139264 532231 70699 870
Cash flows from investing activities-71 500
-116 366
-208 098-172 225-87 758-77 421-105 492-137 842-108 913-61 322
Cash flows from financing activities-110 718
-169 086
29 07855 130-101 542-245 759-104 814-137 717-58 542-41 341

Separated (III quarter)

in PLN thousand2017201620152014201320122011201020092008
Revenue from sales400 703
394 921
376 854346 318375 920399 654407 088386 268344 768296 238
Operating profit47 207
36 260
33 4245 54316 422-9 92527 98935 10552 41125 344
EBITDA123 428
115 655
107 69768 24870 22437 46169 92071 76985 32957 893
Profit before tax82 531
117 330
132 919180 11072 78746 52976 51876 65884 09346 611
Net profit73 280
110 046
125 952179 49869 87045 77868 63767 14172 68239 769
Non-current assets1 404 928
1 440 247
1 411 2631 288 7191 135 7491 087 9311 092 0641 023 441912 988785 889
Current assets235 443
248 798
314 412335 977214 935210 778216 568185 930188 675190 182
Assets held for sale--5 472-378-----
Total assets1 640 371
1 689 045
1 731 1471 624 6961 351 0621 298 7091 308 6321 209 3711 101 663976 071
Non-current liabilities173 791
190 906
278 139199 260102 441118 858133 983137 35274 70665 444
Current liabilities119 247
165 081
152 649240 755245 391268 243272 787212 465213 068148 509
Equity1 347 333
1 333 058
1 300 3591 184 6811 003 230911 608901 862859 554813 889762 118
Cash flows from operating activities163 284
195 788
165 26731 650136 69489 34073 348158 00389 29121 348
Cash flows from investing activities-17 392
253
-75 244-81 674-12 9507 060-35 927-85 728-79 909-28 716
Cash flows from financing activities-110 123
-174 490
28 11149 629-123 468-99 456-49 600-78 132-15 3988 705
No. of shares (in thounsand)14 900
14 90014 90014 90014 90014 90014 90014 90014 90014 900
Profit per share4.39
7.398.4512.054.693.074.614.514.882.67
xlsx III Quarter financial data Download

Key ratios

Consolidated

20162015201420132012201120102009200820072006
Return on sales15,1%12,8%5,6%8,2%8,4%11,7%13,5%16,9%7,2%8,7%4,9%
Return on equity12,4%10,2%4,2%7,1%9,2%12,6%15,5%21,4%8,0%9,5%5,9%
Debt ration37,3%39,3%39,9%38,0%39,5%41,9%44,1%47,6%46,3%43,7%47,7%
Current ration1,6%1,4%1,5%1,4%0,9%1,2%1,3%1,3%1,2%1,5%1,4%
Debtors' days45 days46 days52 days57 days51 days51 days49 days43 days45 days57 days52 days

Separated

20162015201420132012201120102009200820072006
Return on sales24,9%25,7%33,1%13,2%11,6%16,3%15,8%19,5%11,1%15,5%8,2%
Return on equityn12,2%12,1%16,7%7,8%8,0%11,8%11,7%14,0%6,6%8,7%5,5%
Debt ration22,0%26,3%27,8%29,0%34,5%32,0%33,1%33,0%26,6%16,7%20,4%
Current ratio1,4%1,2%1,3%0,9%0,8%0,9%0,9%1,0%0,9%1,7%1,2%
Debtors' days61 days62 days65 days64 days58 days57 days57 days47 days46 days66 days58 days
xlsx Key financial indicators Download