OREANDA-NEWS. February 01, 2016. Management Board of AB Kauno Energija (hereinafter – the Company) (code – 235014830) approved on 28 January, 2016 a non-audited set of consolidated and Company’s financial statements of 12 months of the year 2015, prepared according to international financial reporting standards, as adopted by the European Union.

The result of Company’s activities of 12 months of the year 2015 according to International accounting standards is profit (before taxes) in amount of EUR 4,600 thousand (12 months of the year 2014 is profit in amount of EUR 867 thousand), turnover from sales is EUR 60,733 thousand (12 months of the year 2014 – EUR 75,755 thousand). The result of activities of the Group which as at 31 December, 2015 consists of AB Kauno Energija and of its subsidiary – UAB Kauno Energija NT (code – 303042623) is profit (before taxes) in amount of EUR 4,584 thousand (12 months of the year 2014 is profit in amount of EUR 862 thousand), turnover from sales is EUR 60,725 thousand (12 months of the year 2014 – EUR 75,746 thousand). Subsidiary UAB Pastat? Prie?i?ros Paslaugos (code – 300580563) was also a part of the Group until 7 September, 2015 but it was removed from the Register of Legal Entities on 7 September, 2015.

EBITDA of the 12 months of the year 2015 is: Company’s – EUR 12,165 thousand – at 65.8 per cent higher, than in the year 2014 (12 months of the year 2014 – EUR 7,339 thousand), Group’s – EUR 12,167 thousand, (12 months of the year 2014 – EUR 7,344 thousand).

In 2015 the Company implemented new investment projects that were concentrated in development of production sector, reaching at the same time decrease of expenses of heat production and purchase, ensuring of reliable heat supplies, decrease of transfer losses, increase of effectiveness of heat supplies system. Therefore, Company’s profit of 12 months of the year 2015, as compared to the result of the same period of the year 2014, increased more than five times, though Company’s turnover from sales of 12 months of the year 2015, as compared to the turnover from sales of the same period of the year 2014 are at 19.8 per cent lower. Average heat sales price decreased at 19.3 per cent (heat sales price in 2015 – 5.40 ct/kWh, in 2014 – 6.69 ct/kWh).