Börsiteade
AS TALLINNA VESI
LEI kood
5493000M6TVS2X0KWC97
Emitendi suuruskategooria
Suur kontsern
Majandustegevusalad
Veevarustus; kanalisatsioon, jäätme- ja saastekäitlus
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
8340
Manused
Esitamise kuupäev ja aeg
30.10.2020 09:00:00
Teate sisu eesti keeles
Pealkiri
ASi Tallinna Vesi 2020. aasta kolmanda kvartali finantstulemused
Teade
ASi Tallinna Vesi 2020. aasta kolmanda kvartali müügitulud olid 13,28 miljonit
eurot ehk kahanesid 19,5% võrreldes 2019. aasta sama perioodiga. Muutuse on
põhjustanud uued madalamad tariifid ja koroonaviiruse tõttu vähenenud
äriklientide tarbimine. Kolmas kvartal näitas tänavuse teise kvartaliga
võrreldes siiski äriklientide tarbimises kasvu ja viiruse mõjudest osalise
taastumise märke.
Põhitegevuspiirkonna eraklientide müügitulu vähenes tulenevalt uuest madalamast
tariifist 23,8%, ulatudes 4,90 miljoni euroni. Tariifi languse mõju
tasakaalustas mõningal määral korteriühistute ehk ettevõtte suurima eraklientide
segmendi tarbimise suurenemine. See tulenes koroonaviiruse mõjust, kuna
märkimisväärne osa inimesi töötas ka kolmandas kvartalis kodust.
Põhitegevuspiirkonna äriklientide müügitulu vähenes 29,8% võrra 3,71 miljoni
euroni, mida mõjutas peamiselt 18% võrra väiksem tarbimine ja samuti madalamad
tariifid. Ärisegmendi vähesem veeteenuste tarbimine tuleneb koroonaviiruse
mõjust, mis puudutas enim majutus- ja vabaajaasutuste tegevust. Võrreldes
tänavuse teise kvartaliga on kolmandas kvartalis äriklientide tarbimine siiski
taas suurenenud, mis loodetavasti näitab koroonaviiruse mõjudest taastumise
märke.
2020. aasta kolmanda kvartali brutokasum oli 5,80 miljonit eurot, näidates 35%-
list langust, mis on seotud madalama müügituluga. Ettevõtte ärikasum oli 5,77
miljonit eurot, mis on 1,75 miljonit eurot vähem kui võrreldaval perioodil.
Tariifi ja tarbimismahtude muutuse kõrval mõjutas ärikasumit positiivses suunas
muudatus võimalike kolmandate osapoolte nõuete puhuks moodustatud provisjonis,
mida sarnaselt eelmisele kvartalile on vähendatud 1,2 miljoni euro ulatuses.
Ettevõtte puhaskasum oli 2020. aasta kolmandas kvartalis 5,64 miljonit eurot,
mis on 23,1% vähem kui 2019. aasta samal perioodil. Sellele avaldasid lisaks
mainitud ärikasumi muutustele positiivses suunas mõju madalamad intressikulud.
Koroonaviirus mõjutas ka ehitusteenuste müüki, sest mitmete uusarenduste algus
Tallinnas lükati edasi. Samal ajal jätkas tütarettevõte Watercom kolmandas
kvartalis 2019. aastal võidetud suurte projektide ehitust Tallinnas ja teistes
Eesti piirkondades. Ehitusteenuste müügitulu vähenes võrreldes eelmise aasta
sama perioodiga 17,3% ehk 0,36 miljonit eurot. Tulude langus oli eelkõige seotud
madalamate tuludega torustike ehitusteenusest, mida osaliselt tasakaalustasid
suurenenud tee-ehitusteenuste tulud.
Äsja vaatas ettevõte üle ka edaspidise dividendipoliitika. AS-i Tallinna Vesi
sihiks on jaotada aktsionäridele dividende 50%-80% ettevõtte aastakasumist.
Igal aastal otsustatakse väljamakstavate dividendide summa lähtudes AS-i
Tallinna Vesi kasumist, investeeringuvajadustest, likviidsusest ja
pikaajalistest finantseesmärkidest.
PÕHILISED FINANTSNÄITAJAD
3. kvartal 9 kuud
miljonites eurodes Muutus Muutus
v.a suhtarvud 2020 2019 2018 2020/ 2019 2020 2019 2018 2020/ 2019
-------------------------------------------------------------------------------------
Müügitulu 13,28 16,49 16,49 -19,5% 13,28 16,49 16,49 -19,5%
Brutokasum 5,80 8,92 8,59 -35,0% 5,80 8,92 8,59 -35,0%
Brutokasumi
marginaal % 43,69 54,12 52,10 -19,3% 43,69 54,12 52,10 -19,3%
Amortisatsioonieelne
ärikasum 7,35 9,01 8,73 -18,5% 7,35 9,01 8,73 -18,5%
Amortisatsioonieelse
ärikasumi marginaal
% 55,33 54,63 52,95 1,3% 55,33 54,63 52,95 1,3%
Ärikasum 5,77 7,52 7,31 -23,3% 5,77 7,52 7,31 -23,3%
Ärikasum -
põhitegevus 5,44 7,19 7,07 -24,4% 5,44 7,19 7,07 -24,4%
Ärikasumi marginaal
% 43,43 45,60 44,31 -4,8% 43,43 45,60 44,31 -4,8%
Kasum enne
tulumaksustamist 5,64 7,33 7,14 -23,1% 5,64 7,33 7,14 -23,1%
Maksustamiseelse
kasumi marginaal % 42,45 44,47 43,28 -4,6% 42,45 44,47 43,28 -4,6%
Puhaskasum 5,64 7,33 7,14 -23,1% 5,64 7,33 7,14 -23,1%
Puhaskasumi
marginaal % 42,45 44,47 43,28 -4,6% 42,45 44,47 43,28 -4,6%
Vara puhasrentaablus
% 2,24 2,89 2,97 -22,4% 2,24 2,89 2,97 -22,4%
Kohustiste
osatähtsus
koguvarast % 57,73 59,29 59,89 -2,6% 57,73 59,29 59,89 -2,6%
Omakapitali
puhasrentaablus % 5,42 7,27 7,58 -25,5% 5,42 7,27 7,58 -25,5%
Lühiajaliste
kohustiste
kattekordaja 3,66 5,14 4,99 -28,8% 3,66 5,14 4,99 -28,8%
Maksevõime kordaja 3,62 5,10 4,96 -29,0% 3,62 5,10 4,96 -29,0%
Investeeringud
põhivarasse 5,92 4,66 4,29 27,1% 5,92 4,66 4,29 27,1%
Dividendide
väljamaksmise määr % na 72,05 62,11 na 72,05 62,11
-------------------------------------------------------------------------------------
Brutokasumi marginaal - brutokasum / müügitulu
Ärikasumi marginaal - ärikasum / müügitulu
Amortisatsioonieelne kasum - ärikasum + kulum
Amortisatsioonieelse kasumi marginaal - amortisatsioonieelne kasum / müügitulu
Puhaskasumi marginaal - puhaskasum / müügitulu
Vara puhasrentaablus - puhaskasum / perioodi keskmine vara kokku
Kohustiste osatähtsus koguvarast - kohustised kokku / vara kokku
Omakapitali puhasrentaablus - puhaskasum / perioodi keskmine omakapital kokku
Lühiajaliste kohustiste kattekordaja - käibevara / lühiajalised kohustised
Maksevõime kordaja - (käibevara - varud) / lühiajalised kohustised
Dividendide väljamaksmise määr - dividendid aastas kokku / aasta puhaskasum
kokku
Põhitegevus - veeteenustega seotud tegevused, v.a võrkude laiendamine ja
sihtfinantseerimine, ehitusteenused, lootusetud nõuded
KOONDKASUMIARUANNE III kvartal III kvartal 9 kuud 9 kuud 12 kuud
tuhandetes eurodes 2020 2019 2020 2019 2019
Müügitulu 13 276 16 487 38 545 47 301 63 423
Müüdud toodete/teenuste
kulud -7 476 -7 565 -21 954 -21 327 -29 470
-------------------------------------------------------------------------------
BRUTOKASUM 5 800 8 922 16 591 25 974 33 953
Turustuskulud -94 -89 -320 -297 -390
Üldhalduskulud -1 123 -1 120 -3 631 -4 408 -5 689
Muud äritulud(+)/-kulud (-
) 1 182 -195 3 387 -256 4 201
-------------------------------------------------------------------------------
ÄRIKASUM 5 765 7 518 16 027 21 013 32 075
Intressitulud 3 12 28 30 38
Intressikulud -133 -199 -357 -691 -809
Muud finantstulud (+)/
-kulud (-)
-------------------------------------------------------------------------------
KASUM ENNE
TULUMAKSUSTAMIST 5 635 7 331 15 698 20 352 31 304
Dividendide tulumaks 0 0 -4 355 -3 544 -3 544
PERIOODI PUHASKASUM 5 635 7 331 11 343 16 808 27 760
-------------------------------------------------------------------------------
PERIOODI KOONDKASUM 5 635 7 331 11 343 16 808 27 760
Jaotatav kasum:
-------------------------------------------------------------------------------
A- aktsia omanikele 5 634 7 330 11 342 16 807 27 759
B- aktsia omanikule 0,60 0,60 0,60 0,60 0,60
Kasum A aktsia kohta
(eurodes) 0,28 0,37 0,57 0,84 1,39
Kasum B aktsia kohta
(eurodes) 600 600 600 600 600
FINANTSSEISUNDI ARUANNE
tuhandetes eurodes 30.09.20 30.09.19 31.12.2019
VARAD
KÄIBEVARA
-------------------------------------------------------------------------------
Raha ja raha ekvivalendid 45 868 61 125 64 775
Nõuded ostjate vastu, viitlaekumised ja
ettemaksed 6 827 8 439 7 239
Varud 695 539 504
-------------------------------------------------------------------------------
KÄIBEVARA KOKKU 53 390 70 103 72 518
PÕHIVARA
-------------------------------------------------------------------------------
Materiaalne põhivara 198 839 186 152 189 627
Immateriaalne põhivara 598 594 710
-------------------------------------------------------------------------------
PÕHIVARA KOKKU 199 437 186 746 190 337
-------------------------------------------------------------------------------
VARAD KOKKU 252 827 256 849 262 855
KOHUSTISED JA OMAKAPITAL
LÜHIAJALISED KOHUSTISED
-------------------------------------------------------------------------------
Pikaajaliste rendikohustiste lühiajaline osa 397 379 352
Pikaajaliste laenukohustiste lühiajaline osa 3 631 3 631 3 631
Võlad hankijatele ja muud võlad 7 757 6 719 6 718
Tuletisinstrumendid 28 271 221
Ettemaksed 2 757 2 639 2 323
-------------------------------------------------------------------------------
LÜHIAJALISED KOHUSTISED KOKKU 14 570 13 639 13 245
PIKAAJALISED KOHUSTISED
-------------------------------------------------------------------------------
Tulevaste perioodide tulu liitumistasudelt 33 278 28 981 31 070
Rendikohustised 1 465 1 013 964
Laenukohustised 85 791 89 490 87 592
Tuletisinstrumendid 0 50 0
Eraldis võimalike kolmandate osapoolte nõuete
katteks 10 832 19 068 14 442
Muud võlad 25 36 18
-------------------------------------------------------------------------------
PIKAAJALISED KOHUSTISED KOKKU 131 391 138 638 134 086
-------------------------------------------------------------------------------
KOHUSTISED KOKKU 145 961 152 277 147 331
OMAKAPITAL
-------------------------------------------------------------------------------
Aktsiakapital 12 000 12 000 12 000
Ülekurss 24 734 24 734 24 734
Kohustuslik reservkapital 1 278 1 278 1 278
Jaotamata kasum 68 854 66 560 77 512
-------------------------------------------------------------------------------
OMAKAPITAL KOKKU 106 866 104 572 115 524
-------------------------------------------------------------------------------
0
KOHUSTISED JA OMAKAPITAL KOKKU 252 827 256 849 262 855
RAHAVOOGUDE ARUANNE 9 kuud 9 kuud 12 kuud
tuhandetes eurodes 2020 2019 2019
ÄRITEGEVUSE RAHAVOOD
-------------------------------------------------------------------------------
Ärikasum 16 027 21 013 32 075
Korrigeerimine kulumiga 4 634 4 457 6 109
Korrigeerimine rajamistuludega -341 -277 -389
Muud mitterahalised korrigeerimised -3 610 0 -4 624
Kasum (-)/kahjum (+) põhivara müügist ja
mahakandmisest -14 154 138
Äritegevusega seotud käibevara muutus 221 -843 391
Äritegevusega seotud kohustiste muutus -249 195 318
-------------------------------------------------------------------------------
ÄRITEGEVUSE RAHAVOOD KOKKU 16 668 24 699 34 018
INVESTEERIMISTEGEVUSE RAHAVOOD
-------------------------------------------------------------------------------
Põhivara soetamine -10 114 -6 147 -10 441
Torustike ehituse eest saadud kompensatsioonid,
sh liitumiste rajamistulud 1 618 2 205 3 010
Põhivara müügitulu 32 7 24
Saadud intressid 34 25 36
-------------------------------------------------------------------------------
INVESTEERIMISTEGEVUSE RAHAVOOD KOKKU -8 430 -3 910 -7 371
FINANTSEERIMISTEGEVUSE RAHAVOOD
-------------------------------------------------------------------------------
Tasutud intressid ja laenu finantseerimise
kulud, sh swapi intressid -519 -764 -1 056
Tasutud rendimaksed -452 -306 -404
Saadud laenud 0 0 37 500
Tasutud laenud -1 818 -1 818 -41 136
Tasutud dividendid -19 888 -14 965 -14 965
Tasutud kinnipeetud tulumaks dividendidelt -113 -36 -36
Tasutud tulumaks dividendidelt -4 355 -3 544 -3 544
-------------------------------------------------------------------------------
FINANTSEERIMISTEGEVUSE RAHAVOOD KOKKU -27 145 -21 433 -23 641
-------------------------------------------------------------------------------
RAHA JA RAHA EKVIVALENTIDE MUUTUS -18 907 -644 3 006
-------------------------------------------------------------------------------
RAHA JA RAHA EKVIVALENDID PERIOODI ALGUSES 64 775 61 769 61 769
-------------------------------------------------------------------------------
RAHA JA RAHA EKVIVALENDID PERIOODI LÕPUS 45 868 61 125 64 775
Karl Heino Brookes
Juhatuse esimees
+372 62 62 200
[email protected] (https://www.globenewswire.com/Tracker?data=ylcNe-
3F3FLka4eLvHeGMcRuXyAA2xSI9Gq80foEdoKuI79SQ0EvoV5ycfpP4_5vynG5KKdwi9U4XaRB6YWWsb
bMaNNvI-4YHIKk5uR0t4E=)
Teate sisu inglise keeles
Pealkiri
AS Tallinna Vesi´s financial results for the 3rd quarter of 2020
Teade
AS Tallinna Vesi's sales revenue for the third quarter of 2020 were EUR13.28 million, showing a decrease of 19.5% compared to the same period last year. This was caused by the reduced tariffs and lower commercial consumption resulting from the coronavirus outbreak. Nevertheless, we have seen a partial increase in commercial consumption during the third quarter compared to the second quarter, which hopefully signals a partial recovery. Sales to private customers in the main service area decreased by 23.8% to EUR4.90 million, due to the reduced tariffs. The impact of reduced tariffs was partly balanced by higher consumption of apartment blocks, which is the largest private customer segment of the Company. This was the result of the coronavirus, as large number of people worked from home also during the 3(rd) quarter. In the main service area, the sales revenue from commercial customers dropped by 29.8% to EUR3.71 million, which was mainly attributable to 18% less consumption and reduced tariffs. In the commercial customer segment, the hospitality sector has seen the greatest impact from the pandemic, resulting in reduced consumption. However, the 3(rd) quarter saw some increase in commercial consumption compared to the 2nd quarter, which hopefully indicates a partial recovery from the effects of coronavirus. The gross profit for the 3rd quarter of 2020 was EUR5.80 million, showing a 35% decrease mostly due to lower sales revenues. The operating profit was EUR5.77 million, lower by EUR1.75 million year-on-year. Besides the negative changes in tariffs and consumption, the operating profit was positively impacted by EUR1.2 million reduction in the provision, formed for possible third-party claims, which was also reduced in the 2nd quarter. The net profit for the 3rd quarter of 2020 was EUR5.64 million, showing a decrease of 23.1% compared to the same period last year. In addition to the changes in the operating profit, the net profit was positively affected by lower interest costs. Coronavirus also affected the sale of construction services, because a number of new developments in Tallinn were postponed. In the 3rd quarter, the subsidiary Watercom continued the delivery of large projects in Tallinn and elsewhere in Estonia, which had been awarded in 2019. The construction revenue reduced by 17.3% or EUR0.36 million compared to the same period last year. The decrease in revenues was mainly attributable to reduced revenues from construction services, which were partly offset by higher revenues from road construction. The Company has just reviewed its dividend policy for going forward. ASTV aims to distribute 50%-80% of the annual profit as dividends. Dividend payments shall be assessed annually considering ASTV's earnings, investment needs, liquidity position and long-term financial objectives. MAIN FINANCIAL INDICATORS EUR million, 3(rd) quarter 9 months except key Change Change ratios 2020 2019 2018 2020/ 2019 2020 2019 2018 2020/ 2019 ------------------------------------------------------------------------------- Sales 13.28 16.49 16.49 -19.5% 13.28 16.49 16.49 -19.5% Gross profit 5.80 8.92 8.59 -35.0% 5.80 8.92 8.59 -35.0% Gross profit margin % 43.69 54.12 52.10 -19.3% 43.69 54.12 52.10 -19.3% Operating profit before depreciation and amortisation 7.35 9.01 8.73 -18.5% 7.35 9.01 8.73 -18.5% Operating profit before depreciation and amortisation margin % 55.33 54.63 52.95 1.3% 55.33 54.63 52.95 1.3% Operating profit 5.77 7.52 7.31 -23.3% 5.77 7.52 7.31 -23.3% Operating profit - main business 5.44 7.19 7.07 -24.4% 5.44 7.19 7.07 -24.4% Operating profit margin % 43.43 45.60 44.31 -4.8% 43.43 45.60 44.31 -4.8% Profit before taxes 5.64 7.33 7.14 -23.1% 5.64 7.33 7.14 -23.1% Profit before taxes margin % 42.45 44.47 43.28 -4.6% 42.45 44.47 43.28 -4.6% Net profit 5.64 7.33 7.14 -23.1% 5.64 7.33 7.14 -23.1% Net profit margin % 42.45 44.47 43.28 -4.6% 42.45 44.47 43.28 -4.6% ROA % 2.24 2.89 2.97 -22.4% 2.24 2.89 2.97 -22.4% Debt to total capital employed % 57.73 59.29 59.89 -2.6% 57.73 59.29 59.89 -2.6% ROE % 5.42 7.27 7.58 -25.5% 5.42 7.27 7.58 -25.5% Current ratio 3.66 5.14 4.99 -28.8% 3.66 5.14 4.99 -28.8% Quick ratio 3.62 5.10 4.96 -29.0% 3.62 5.10 4.96 -29.0% Investments into fixed assets 5.92 4.66 4.29 27.1% 5.92 4.66 4.29 27.1% Payout ratio % na 72.05 62.11 na 72.05 62.11 ------------------------------------------------------------------------------- Gross profit margin - Gross profit / Net sales Operating profit before depreciation and amortisation - Operating profit + depreciation and amortisation Operating profit before depreciation and amortisation margin - Operating profit before depreciation and amortisation / Net sales Operating profit margin - Operating profit / Net sales Net profit margin - Net profit / Net sales ROA - Net profit / Average Total assets for the period Debt to Total capital employed - Total liabilities / Total capital employed ROE - Net profit / Average Total equity for the period Current ratio - Current assets / Current liabilities Quick ratio - (Current assets - Stocks) / Current liabilities Payout ratio - Total Dividends per annum/ Total Net Income per annum Main business - water services related activities, excl. connections profit and government grants, construction services, doubtful debt STATEMENT OF COMPREHENSIVE INCOME 3rd quarter 3rd quarter 9 months 9 months 12 months EUR thousand 2020 2019 2020 2019 2019 Revenue 13,276 16,487 38,545 47,301 63,423 Cost of goods and services sold -7,476 -7,565 -21,954 -21,327 -29,470 ------------------------------------------------------------------------------- GROSS PROFIT 5,800 8,922 16,591 25,974 33,953 Marketing expenses -94 -89 -320 -297 -390 General administration expenses -1,123 -1,120 -3,631 -4,408 -5,689 Other income (+)/ expenses (-) 1,182 -195 3,387 -256 4,201 ------------------------------------------------------------------------------- OPERATING PROFIT 5,765 7,518 16,027 21,013 32,075 Financial income 3 12 28 30 38 Financial expenses -133 -199 -357 -691 -809 Other financial income (+)/ expenses (-) 0 0 0 0 0 ------------------------------------------------------------------------------- PROFIT BEFORE TAXES 5,635 7,331 15,698 20,352 31,304 Income tax on dividends 0 0 -4,355 -3,544 -3,544 NET PROFIT FOR THE PERIOD 5,635 7,331 11,343 16,808 27,760 ------------------------------------------------------------------------------- COMPREHENSIVE INCOME FOR THE PERIOD 5,635 7,331 11,343 16,808 27,760 Attributable profit to: ------------------------------------------------------------------------------- Equity holders of A- shares 5,634 7,330 11,342 16,807 27,759 B-share holder 0.60 0.60 0.60 0.60 0.60 Earnings per A share (in euros) 0.28 0.37 0.57 0.84 1.39 Earnings per B share (in euros) 600 600 600 600 600 STATEMENT OF FINANCIAL POSITION EUR thousand 30/09/2020 30/09/2020 31/12/2019 ASSETS CURRENT ASSETS ------------------------------------------------------------------------------- Cash and cash equivalents 45,868 61,125 64,775 Trade receivables, accrued income and prepaid expenses 6,827 8,439 7,239 Inventories 695 539 504 ------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 53,390 70,103 72,518 NON-CURRENT ASSETS ------------------------------------------------------------------------------- Property, plant and equipment 198,839 186,152 189,627 Intangible assets 598 594 710 ------------------------------------------------------------------------------- TOTAL NON-CURRENT ASSETS 199,437 186,746 190,337 ------------------------------------------------------------------------------- TOTAL ASSETS 252,827 256,849 262,855 LIABILITIES AND EQUITY CURRENT LIABILITIES ------------------------------------------------------------------------------- Current portion of long-term lease liabilities 397 379 352 Current portion of long-term loans 3,631 3,631 3,631 Trade and other payables 7,757 6,719 6,718 Derivatives 28 271 221 Prepayments 2,757 2,639 2,323 ------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 14,570 13,639 13,245 NON-CURRENT LIABILITIES ------------------------------------------------------------------------------- Deferred income from connection fees 33,278 28,981 31,070 Leases 1,465 1,013 964 Loans 85,791 89,490 87,592 Derivatives 0 50 0 Provision for possible third party claims 10,832 19,068 14,442 Other payables 25 36 18 ------------------------------------------------------------------------------- TOTAL NON-CURRENT LIABILITIES 131,391 138,638 134,086 ------------------------------------------------------------------------------- TOTAL LIABILITIES 145,961 152,277 147,331 EQUITY ------------------------------------------------------------------------------- Share capital 12,000 12,000 12,000 Share premium 24,734 24,734 24,734 Statutory legal reserve 1,278 1,278 1,278 Retained earnings 68,854 66,560 77,512 ------------------------------------------------------------------------------- TOTAL EQUITY 106,866 104,572 115,524 ------------------------------------------------------------------------------- TOTAL LIABILITIES AND EQUITY 252,827 256,849 262,855 CASH FLOWS STATEMENT 9 months 9 months 12 months EUR thousand 2020 2019 2019 CASH FLOWS FROM OPERATING ACTIVITIES ------------------------------------------------------------------------------- Operating profit 16,027 21,013 32,075 Adjustment for depreciation/amortisation 4,634 4,457 6,109 Adjustment for revenues from connection fees -341 -277 -389 Other non-cash adjustments -3,610 0 -4,624 Profit/loss(+) from sale and write off of property, plant and equipment, and intangible assets -14 154 138 Change in current assets involved in operating activities 221 -843 391 Change in liabilities involved in operating activities -249 195 318 ------------------------------------------------------------------------------- TOTAL CASH FLOWS FROM OPERATING ACTIVITIES 16,668 24,699 34,018 CASH FLOWS USED IN INVESTING ACTIVITIES ------------------------------------------------------------------------------- Acquisition of property, plant and equipment, and intangible assets -10,114 -6,147 -10,441 Compensations received for construction of pipelines, incl connection fees 1,618 2,205 3,010 Proceeds from sales of property, plant and equipment and intangible assets 32 7 24 Interest received 34 25 36 ------------------------------------------------------------------------------- TOTAL CASH FLOWS USED IN INVESTING ACTIVITIES -8,430 -3,910 -7,371 CASH FLOWS USE D IN FINANCING ACTIVITIES ------------------------------------------------------------------------------- Interest paid and loan financing costs, incl swap interests -519 -764 -1,056 Lease payments -452 -306 -404 Received loans 0 0 37,500 Repayment of loans -1,818 -1,818 -41,136 Dividends paid -19,888 -14,965 -14,965 Withheld income tax paid on dividends -113 -36 -36 Income tax paid on dividends -4,355 -3,544 -3,544 ------------------------------------------------------------------------------- TOTAL CASH FLOW USED IN FINANCING ACTIVITIES -27,145 -21,433 -23,641 ------------------------------------------------------------------------------- CHANGE IN CASH AND CASH EQUIVALENTS -18,907 -644 3,006 ------------------------------------------------------------------------------- CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 64,775 61,769 61,769 ------------------------------------------------------------------------------- CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 45,868 61,125 64,775 Karl Heino Brookes Chairman of the Management Board +372 62 62 200 [email protected] (https://www.globenewswire.com/Tracker?data=ylcNe- 3F3FLka4eLvHeGMcRuXyAA2xSI9Gq80foEdoKuI79SQ0EvoV5ycfpP4_5vynG5KKdwi9U4XaRB6YWWsb bMaNNvI-4YHIKk5uR0t4E=)