Share of revenue from the sale of the area in the net sales revenue of the Group
21%
28%
7 pp
20%
27%
7 pp
In the Generation area financial data of Enea Wytwarzanie sp. z o.o. together with its subsidiaries and Enea Elektrownia Połaniec SA. is presented.
At the end of 2017, Enea Wytwarzanie possesses, e.g. 11 high-efficiency and modernized power units in the Kozienice Power Plant. As a result of the EEP acquisition, the production area was increased by additional 7 coal units with a total gross power of 1 657 MW and the world's largest biomass-fired unit with a total installed capacity of 225 MW.
The annual production capacity in this area is about 37 TWh of electricity.
2017 EBITDA change factors:
System Power Plants
Enea Elektrownia Połaniec PLN 126.8 million
a decrease in the margin on the turnover and on the Balancing Market by PLN 64.6 million
a decrease in the margin on generation by PLN 54.8 million
a decrease in other factors by PLN 26.5 million: inventory shortage of production fuel PLN -20.5 million, result on other operating activities PLN -3.8 million
higher revenue from Regulatory System Services by PLN 24.6 million
a decrease in overheads by PLN 12.6 million
Heat Segment
decrease in costs of consumption of materials and raw materials consumption by PLN 28.6 million, including a decrease in costs of biomass consumption by PLN 59.1 million, an increase in costs of coal consumption by PLN 15.4 million
an increase in revenues from services by PLN 1.2 million
an increase in revenues from heat sales by PLN 1.4 million
an increase in employee benefits costs by PLN 5.1 million
a decrease in revenues from certificates of origin by PLN 8.1 million
a decrease in revenues from electricity by PLN 14.6 million
in 2016 the provision related to the estimation of the value of shares in Eco-Power sp. z o.o. for the amount of PLN 129.0 million
Water Area (PLN +12.3 million): increase in revenues from electricity by PLN 11.1 million
Biogas Area (PLN +6.8 million): release of the provision for compensation claims PLN +3.5 million; an increase in revenues from certificates of origin by PLN 1.9 million; a decrease in variable costs by PLN 0.9 million
Wind Area (PLN -0.5 million): an increase in overheads by PLN 5.6 million (greater scope of real estate taxation - change of regulations); a decrease in revenue from certificates of origin by PLN 1.8 million; an increase in revenues from electricity by PLN 4.6 million; in 2016, the costs of sale and liquidation of property, plant and equipment - PLN 2.0 million
Enea Elektrownia Połaniec 36.2 million
Q4 2017 EBITDA change factors:
System Power Plants
Enea Elektrownia Połaniec PLN 44.8 million
a decrease in the margin on generation by PLN 55.7 million
a decrease in other factors by PLN 26.9 million: inventory shortage of production fuel PLN -20.5 million, the result on other operating activities PLN -3.8 million
lower margin on trading and the Balancing Market by PLN 18.5 million
lower overheads by PLN 2.6 million
higher revenue from Regulatory System Services by PLN 10.2 million
Heat Segment
a decrease in revenues from the sale of heat by PLN 7.5 million
an increase in employee benefits costs by PLN 4.7 million
a decrease in the result on other operating activities by PLN 3.3 million
a decrease in revenues from sales of energy by PLN 2.9 million
in 2016 the provision related to the estimation of the value of shares in Eco-Power sp. z o.o. for the amount of PLN 129.0 million
Water Area (PLN +6.0 million): an increase in revenues from electricity by PLN 4.1 million, a decrease in overheads by PLN 1.1 million; an increase in revenues from certificates of origin by PLN 0.7 million
Biogas Area (PLN +3.7 million): release of the provision for compensation claims PLN +3.6 million
Wind Area (PLN +4.0 million): increase in revenues from electricity by PLN 1.2 million; increase in revenues from certificates of origin by PLN 1.3 million; in 2016, the costs of sale and liquidation of property, plant and equipment PLN 2.0 million
Share of revenue from the sale of the area in the net sales revenue of the Group
19%
20%
1 pp
19%
19%
-
Enea Operator sp. z o.o. is responsible for the distribution of electricity to 2.5 million customers - in western and north-western Poland in the area of 58.2 thousand km2.
The basic task of Enea Operator is to provide energy in a continuous and reliable manner, while maintaining appropriate quality parameters.
In the Distribution area, financial data includes data of the following companies:
Enea Operator sp. z o.o.
Enea Serwis sp. z o.o.
Enea Pomiary sp. z o.o.
Annacond Enterprises sp. z o. o.
2017 EBITDA change factors:
Margin from licenced activities
higher revenues from the sale of distribution services to end users by PLN 222 million
lower costs of electricity purchase to cover the balance sheet difference (balance) by PLN 17 million
higher purchase costs of transmission services by PLN 203 million
lower revenues from network connection fees by PLN 9 million
lower revenues from the sale of distribution services to other entities by PLN 3 million
Operational costs
higher costs of third-party services by PLN 25 million
higher taxes and levies by PLN 15 million
higher employee benefits costs by PLN 15 million
higher other operating expenses by PLN 7 million
Other operations
lower other operating costs by PLN 10 million
higher result on liquidation by PLN 4 million
lower other operating revenue by PLN 11 million
Q4 2017 EBITDA change factors:
Margin from licenced activities
higher revenues from the sale of distribution services to end users by PLN 53 million
lower costs of electricity purchase to cover the balance sheet difference (balance) by PLN 2 million
higher purchase costs of transmission services by PLN 43 million
lower revenues from network connection fees by PLN 4 million
lower revenues from the sale of distribution services to other entities by PLN 3 million
Other operations
lower other operating costs by PLN 14 million
higher other operating revenue by PLN 4 million
Mining Area
[PLN k]
2016
2017
Change
% change
Q4 2016
Q4 2017
Change
% change
Sales revenue
1 785 981
1 780 320
-5 661
-0.30%
471 878
473 190
1 312
0.30%
coal
1 724 416
1 725 221
805
0.05%
452 043
457 198
5 155
1.10%
Other products and services
49 896
41 805
-8 091
-16.20%
17 223
12 456
-4 767
-27.70%
goods and materials
11 669
13 294
1 625
13.90%
2 612
3 536
924
35.40%
EBIT
241 189
350 684
109 495
45.40%
82 250
159 248
76 998
93.60%
Depreciation
363 238
357 015
-6 223
-1.70%
92 472
97 383
4 911
5.30%
Impairment loss on non-financial non-current assets
Share of revenue from the sale of the area in the net sales revenue of the Group
11%
11%
-
11%
11%
-
The Mining Area presents the financial results of the LW Bogdanka Group with the parent company - Lubelski Węgiel Bogdanka SA and its subsidiaries.
LW Bogdanka divides its range of sales into energy-rich coal, which accounts for 99% and for pea and nut coal.
The main recipients are professional and industrial power industry.
2016 Mining Area EBITDAPresentation differences between systems2016 LWB Group EBITDAQuantity of coal soldPrice of coalUnit cost of sold products, goods and materials without depreciationSales and administrative costsResult on other operations2017 LWB Group EBITDAPresentation differences between systems 2017 Mining Area EBITDA
2017 EBITDA change factors:
an increase in revenues from coal sales: higher sales volume (+10 000 t), at a lower price
a decrease in revenues from sales of other products and services: logistics and customs services for exported coal, lease of fixed assets, sales of heat
a decrease in the unit cost of products, goods and materials sold without depreciation - the release of a provision for retirement coal allowance for pensioners and pensioner allowance for current employees, improvement of cost effectiveness with a slightly growing volume of coal sold
lower result on other operating activities: - in 2016, a provision for compensation for Budimex was released as a result a favorable judgment of the Court of Appeal and higher compensation was received. The presentation differences concern the financial reporting of the Enea Group and LW Bogdanka Group in the scope of depreciation
2016 Mining Area EBITDAPresentation differences between systems2016 LWB Group EBITDAQuantity of coal sold1)Price of coalUnit cost of sold products, goods and materials without depreciationSales and administrative costsResult on other operations2017 LWB Group EBITDAPresentation differences between systems2017 Mining Area EBITDA
Q4 2017 EBITDA change factors:
an increase in revenues from coal sales: higher sales volume (+51 000 t), at a lower price
a decrease in revenues from sales of other products - and services: logistics and customs services for exported coal, lease of fixed assets
a decrease in the unit cost of products, goods and materials sold without depreciation - the release of a provision for retirement coal allowance for pensioners and pensioner allowance for current employees
Lower administrative and sales costs:
the release of a provision for retirement coal allowance for pensioners and pensioner allowance for current employees. The presentation differences concern the financial reporting of the Enea Group and LW Bogdanka Group in the scope of depreciation
Share of revenue from the sale of the area in the net sales revenue of the Group
3%
4%
1 pp
3%
4%
1 pp
Other Operations include companies from the following areas:
support for other companies in the Capital Group:
Enea Centrum sp. z o.o. – the Shared Services Center in the Group in the field of accounting, human resources, ITC and customer service
Enea Logistyka sp. z o.o. – a company specializing in logistics, warehousing and procurement
accompanying activities:
Enea Oświetlenie sp. z o.o. – a company specializing in indoor and outdoor lighting; it designs, builds road lighting, it illuminates urban spaces, illuminates historic and public buildings, and provides construction and comprehensive services for photovoltaic power plants,
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