<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 53118 11917 72665 75012 8598 54610 24418 34025 674--
Operating profit 165 114 190 567169 03257 681123 927135 592182 656184 695225 88591 76098 02486 727
EBITDA308 330351 323304 050178 208238 624236 178277 535272 235308 679187 299188 890182 097
Profit before income tax164 544186 241158 40248 278122 844119 192161 926169 266204 62075 63783 07554 445
Net profit132 275150 940126 73750 01879 78293 898122 300139 299167 39960 12767 83441 567
Non-current assets1 725 4531 776 0031 758 163 1 631 4741 455 0911 438 5361 385 8721 343 0121 258 4441 144 8681 091 1931 086 797
Current assets600 237470 124498 346440 641474 112410 742454 167507 811551 722370 336298 049329 245
Assets held for sale------39 142----4
Total assets2 325 6902 246 1272 256 5092 072 1151 929 2031 849 2781 879 1811 850 8231 810 1661 515 2041 389 2421 416 046
Non-current liabilities558 187508 476546 721538 408382 633258 957363 544424 543442 787395 323411 341432 493
Current liabilities261 092264 778339 937288 975349 714471 237414 274396 384418 315306 443196 238242 326
Liabilities related to assets held for sale------9 641----200
Equity1 506 4111 472 8731 369 8511 244 7321 196 8561 119 0841 091 7221 029 896949 064813 438781 663741 027
Cash flows from operating activities330 694429 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 245598 709551 212508 431550 626595 204604 872587 237531 802429 667387 211460 410
Operating profit81 58084 57954 452-6 20024 04622 36465 63666 89491 68730 75837 79730 075
EBITDA183 870192 856153 46577 53398 10586 247122 462116 634136 10674 23580 27873 035
Profit before income tax117 908164 952153 416166 54775 84073 740108 102106 400121 14655 81369 27044 447
Net profit101 339149 156141 735168 49072 86869 28498 31492 962103 46647 54760 02637 793
Non-current assets1 408 8801 462 3391 451 4591 339 2871 166 3251 129 2201 080 2941 052 987966 291847 183751 749740 224
Current assets316 254266 294334 679288 397250 114294 756266 176269 798293 977202 676151 170163 326
Assets held for sale------21 290-----
Total assets1 725 1341 728 6331 786 1381 627 6841 416 4391 423 9761 367 7601 322 7851 260 2681 049 859902 919903 550
Non-current liabilities164 229180 962204 909234 281121 321103 683131 711136 045844 56364 11060 41746 388
Current liabilities185 637175 576265 092218 996289 935386 933306 313302 704125 611215 24790 742138 366
Equity1 375 2681 372 0951 316 1371 174 4071 005 183933 360929 736884 036290 094770 502751 760718 796
Cash flows from operating activities194 170229 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 thousand201820172016201520142013201220112010200920082007
Revenue from sales519 995
563 475
570 335518 893463 073486 236569 402548 852557 288539 641451 943414 224
Revenue/Costs from compensation for stranded costs-83 672
-29 313
7 3846 77610 30481 3019 6635 8343 41213 5768 920-
Operating profit19 596
108 466
143 901121 40058 146150 731104 251121 076130 208165 83275 06968 721
EBITDA90 689
177 941
213 863187 163118 331208 176154 397167 862173 254213 324122 876114 822
Profit before tax21 520
108 737
138 091116 14954 879144 81397 057113 446126 181156 86467 31665 606
Net profit16 899
87 871112 20393 05355 434116 68774 68283 627100 449124 92253 77654 059
Non-current assets1 699 502
1 723 1051 746 8221 689 3581 485 6141 409 1901 366 6621 338 1711 283 1281 159 5661 066 0941 070 268
Current assets642 243
580 451
479 828414 633405 679384 928433 236380 555420 021385 811345 501323 278
Assets held for sale-----378--4 6981 172-4
Total assets2 341 745
2 303 556
2 226 6502 103 9911 891 2931 794 4961 799 8981 718 7261 707 8471 546 5491 411 5951 393 550
Non-current liabilities639 969
557 022
561 476574 835419 088335 354264 544387 716438 114402 037393 313433 172
Current liabilities219 103
284 403
277 563192 984222 791224 336433 733271 858273 047243 239205 538192 208
Equity1 482 673
1 462 131
1 387 6111 336 1721 249 4141 234 8061 101 6211 059 152996 686901 273812 744767 970
200
Net cash flow from operating activities170 896
219 917293 879262 470157 077269 106273 392252 259316 891288 231157 444185 410
Net cash flow from investing activities-49 440
-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-12 377
-12 179-73 9081 121-51 190-168 037-128 871-205 837-169 979-118 600-36 310

Separated

in PLN thousand201820172016201520142013201220112010200920082007
Revenue from sales322 007
335 510
337 672303 020291 46815 886338 666333 592312 966286 166236 383207 090
Operating profit62 346
69 983
66 82353 64226 41850 85327 21153 89454 06775 91739 82739 947
EBITDA113 702
120 771
117 816101 36167 69186 21158 55181 19078 21397 46661 45161 129
Profit before tax88 327
105 545
147 980152 939201 656108 39384 909103 08795 221106 42357 79771 978
Net profit75 867
92 001
135 545141 952197 05298 80877 00592 26483 43890 34251 01962 693
Non-current assets1 378 064
1 414 400
1 434 1661 391 6161 187 1771 111 9101 072 0851 071 471995 202868 452749 562736 120
Current assets366 359
350 990
347 368331 336347 929199 001232 749180 697155 644158 143194 855155 104
Assets held for sale-----378--4 6981 172--
Total assets1 744 423
1 765 390
1 781 5341 722 9521 535 1061 311 2891 304 8341 252 1681 155 5441 027 767944 417891 224
Non-current liabilities157 227
174 158
199 620255 014143 989101 169129 252138 168131 88364 44262 18653 062
Current liabilities176 291
225 178
223 357151 579188 882177 952232 747188 511147 810132 075109 24184 237
Equity1 410 905
1 366 054
1 358 5571 316 3591 202 2351 032 168942 835925 489875 851831 250772 990753 925
Net cash flow from operating activities140 921
197 503

235 431211 200138 175221 064146 274151 155198 521164 05496 991129 766
Net cash flow from investing activities-33 516
-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-13 162
-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)14 900
14 90014 90014 90014 90014 90014 90014 90014 90014 90014 90014 900
Net profit attributable to shareholders per ordinary share5.096.159.109.5313.226.635.176.195.606.063.424.21
xlsx Half year financial data Download

Quarterly data

Consolidated (I quarter)

in PLN thousand20182017201620152014201320122011201020092008
Revenue from sales375 932372 856365 790318 571273 305313 786363 954349 151344 579341 660271 828
Revenue from compensation for stranded costs1 2541 1413 9913 3815 5535 5049471 3611 4233 3010
Operating profit135 351
126 449126 94896 12750 69277 913107 434113 461118 526135 72371 569
EBITDA171 158
166 760161 390128 41480 199104 599132 580136 876139 763159 42095 731
Profit before taxation134 993
124 570
123 92893 07648 78874 546103 025108 967113 487129 28267 109
Net profit108 869
100 696
100 77175 17938 77758 99082 15085 61490 506102 99153 862
Non-current assets1 690 7341 740 830
1 733 7621 639 2091 439 4431 417 5051 369 6431 327 8541 261 7311 132 5661 072 566
Current assets729 043630 620
590 634427 756411 563272 111422 927530 912498 615399 184345 870
Assets held for sale----25 860-35 323----
Total assets2 419 777
2 371 450
2 324 3962 066 9651 876 8661 689 6161 827 8931 858 7661 760 3461 531 7501 418 436
Non-current liabilities554 520
516 856
561 126533 750387 879255 404361 034396 168444 946369 348406 204
Current liabilities249 977
281 025
292 648213 304234 438256 138269 452341 449275 830218 452176 144
Liabilities related to assets held for sale----18 916-17 432----
Equity1 615 280
1 573 569
1 470 6221 319 9111 235 6331 178 0741 179 9751 121 1491 039 570943 950836 088
Cash flows from operating activities172 233
183 279188 878164 766106 148218 779237 012235 199214 527212 945121 557
Cash flows from investing activities-41 670
-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-398
-5864 504-38 432-65 990-159 655-120 108-119 001-99 169-85 877-7 983

Separated (I quarter)

in PLN thousand20182017201620152014201320122011201020092008
Revenue from sales239 479
232 527229 858205 491189 013220 773232 804226 881214 059203 539154 967
Operating profit77 512
67 32170 07856 89541 41357 29155 30862 45464 75978 77644 892
EBITDA103 230
95 56095 04980 14261 70674 77470 76976 10276 69189 26556 065
Profit before tax77 794
67 27169 94856 55738 04355 07453 20860 78363 52378 62146 135
Net profit62 599
54 26757 04345 78131 05244 06543 00250 07050 74862 82536 857
Non-current assets1 385 495
1 435 4101 439 0981 357 6891 157 9831 114 4161 068 4411 046 073964 917845 174749 212
Current assets404 924
387 263381 388254 637190 105181 659186 341250 890205 409163 638172 627
Assets held for sale----14 500-11 772----
Total assets1 790 419
1 822 6731 820 4861 612 3261 362 5881 296 0751 266 5541 296 9631 170 3261 008 812921 839
Non-current liabilities161 021
179 246210 776227 435124 319101 779128 128132 145125 68664 34764 070
Current liabilities191 531
217 065236 530164 703202 034216 871163 885229 373149 329110 70368 774
Equity1 437 867
1 426 3621 373 1801 220 1881 036 235977 425974 541935 445895 311833 762788 995
Cash flows from operating activities149 595
160 158162 708135 833107 361191 119157 348172 396144 078134 68684 962
Cash flows from investing activities-27 871
-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-391
-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 90014 900
Net profit per share4.203.643.833.072.082.962.893.363.414.222.47
xlsx I Quarter financial data Download

Consolidated (III quarter)

in PLN thousand20182017201620152014201320122011201020092008
Revenue from sales659 029
716 749
694 987672 932586 519609 010715 443692 915689 029656 843560 667
Revenue/(costs) from compensation for stranded costs-82 477
-28 247
10 97310 02714 50084 40411 2137 5065 06917 26017 801
Operating profit-10 843
95 963
111 113102 80235 582131 82766 55595 197107 325140 26751 373
EBITDA95 705
201 923
218 978204 155126 123217 007141 396165 907172 203206 247123 177
Profit before taxation-8 586
95 312
102 28395 17530 291122 71956 45184 278100 244125 46139 043
Net profit-7 664
76 883
82 47576 27735 44698 32241 66255 26580 849101 19126 159
Non-current assets1 713 461
1 714 530
1 762 2381 710 6301 566 7391 428 4121 390 8351 376 8431 310 1811 206 6431 093 848
Current assets611 261
491 606
386 809419 626417 792428 733271 424411 362397 761398 760320 611
Assets held for sale---5 472-378-----
Total assets2 324 722
2 206 136
2 149 0472 135 7281 984 5311 857 5231 662 2591 788 2051 707 9421 605 4031 414 459
Non-current liabilities630 315
591 455
563 158604 580474 435331 883256 862391 549422 085407 251387 307
Current liabilities236 297
163 537
228 006211 752280 670309 199336 796365 866309 038320 061234 794
Liabilities related to assets held for sale-----------
Equity1 458 110
1 451 144
1 357 8831 319 3961 229 4261 216 4411 068 6011 030 790976 819878 091792 358
Cash flows from operating activities69 677
246 905330 889270 43769 914317 669232 833185 139264 532231 70699 870
Cash flows from investing activities-79 679
-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-11 321
-110 718-169 08629 07855 130-101 542-245 759-104 814-137 717-58 542-41 341

Separated (III quarter)

in PLN thousand20182017201620152014201320122011201020092008
Revenue from sales387 408
400 310
394 921376 854346 318375 920399 654407 088386 268344 768296 238
Operating profit33 099
47 20736 26033 4245 54316 422-9 92527 98935 10552 41125 344
EBITDA109 987
123 428115 655107 69768 24870 22437 46169 92071 76985 32957 893
Profit before tax59 814
82 531117 330132 919180 11072 78746 52976 51876 65884 09346 611
Net profit52 666
73 280110 046125 952179 49869 87045 77868 63767 14172 68239 769
Non-current assets1 385 558
1 404 9281 440 2471 411 2631 288 7191 135 7491 087 9311 092 0641 023 441912 988785 889
Current assets331 257
235 443248 798314 412335 977214 935210 778216 568185 930188 675190 182
Assets held for sale---5 472-378-----
Total assets1 716 815
1 640 3711 689 0451 731 1471 624 6961 351 0621 298 7091 308 6321 209 3711 101 663976 071
Non-current liabilities153 897
173 791190 906278 139199 260102 441118 858133 983137 35274 70665 444
Current liabilities175 214
119 247165 081152 649240 755245 391268 243272 787212 465213 068148 509
Equity1 387 704
1 347 3331 333 0581 300 3591 184 6811 003 230911 608901 862859 554813 889762 118
Cash flows from operating activities73 651
163 284195 788165 26731 650136 69489 34073 348158 00389 29121 348
Cash flows from investing activities-32 077
-17 392253-75 244-81 674-12 9507 060-35 927-85 728-79 909-28 716
Cash flows from financing activities-13 470
-110 123-174 49028 11149 629-123 468-99 456-49 600-78 132-15 3988 705
No. of shares (in thounsand)14 90014 90014 90014 90014 90014 90014 90014 90014 90014 90014 900
Profit per share3.534.397.398.4512.054.693.074.614.514.882.67
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