7

7. Financial Statements

Individual STATEMENTS

Company Income Statements for the periods ended at 31 December 2017 and 2016

Thousand Euros
notes
2017
2016
 
Revenues from energy sales and services and other
6
2,706,749
2,608,187
Cost of energy sales and other
6
-2,553,398
-2,362,389
153,351
245,798
 
Other income
7
37,216
15,398
Supplies and services
8
-166,502
-166,462
Personnel costs and employee benefits
9
-73,509
-65,780
Other expenses
-11,682
-18,521
-214,477
-235,365
-61,126
10,433
Provisions
36
-2,131
-414
Amortisation and impairment
11
-23,022
-20,092
-86,279
-10,073
Financial income
12
2,093,354
2,331,796
Financial expenses
12
-1,306,072
1,563,981
Profit before income tax
701,003
757,742
Income tax expense
13
64,424
289
Net profit for the period
765,427
758,031

Company Statements of Financial Position for the periods ended at 31 December 2017 and 2016

Thousand Euros
notas
2017
2016
Assets
Property, plant and equipment
15
156,347
191,959
Intangible assets
12,311
2,074
Investments in subsidiaries
18
11,501,702
11,190,176
Held to maturity financial investments
19
451,257
477,018
Investments in joint ventures and associates
20
6,597
6,597
Available for sale investments
21
1,556
52,134
Investment property
22
51,496
52,579
Deferred tax assets
23
78,258
45,115
Debtors and other assets from commercial activities
586
748
Other debtors and other assets
26
6,623,831
6,863,324
Total Non-Current Assets
18,883,941
18,881 ,724
Held to maturity financial investments
19
419,946
29,985
Debtors and other assets from commercial activities
25
609,630
551,098
Other debtors and other assets
26
2,907,222
2,975,295
Current tax assets
27
185,256
40,011
Cash and cash equivalents
28
1,138,760
317,755
Total Current Assets
5,260,814
3,914,144
Total Assets
24,144,755
22,795,868
Equity
Share capital
29
3,656,538
3,656,538
Treasury stock
30
-56,862
-57,433
Share premium
29
503,923
503,923
Reserves and retained earnings
31
2,575,543
2,563,948
Net profit for the period
765,427
758,031
Total Equity
7,444,569
7,425,007
 
 
Liabilities
 
Financial debt
34
5,785,760
9,426,907
Employee benefits
35
5,763
4,655
Provisions
36
8,902
7,599
Trade and other liabilities from commercial activities
2,048
2,578
Other liabilities and other payables
39
391,408
2,761,843
Total Non-Current Liabilities
6,193,881
12,203,582
Financial debt
34
7,702,537
1,766,359
Employee benefits
35
376
291
Provisions
36
1,553
724
Hydrological correction account
33
1,574
1,574
Trade and other liabilities from commercial activities
38
686,463
586,792
Other liabilities and other payables
39
2,094,629
543,538
Current tax liabilities
40
19,173
268,001
Total Current Liabilities
10,506,305
3,167,279
Total Liabilities
16,700,186
15,370,861
Total Equity and Liabilities
24,144,755
22,795,868
 
  • LISBON, 1 OF MARCH 2018
  • THE CERTIFIED ACCOUNTANT - N.º 17.713
  • THE MANAGEMENT
  • THE EXECUTIVE BOARD OF DIRECTORS