Ethiopian Electric Power
Fiscal Year 2016 EC (2024/2025 GC)
Revenue
ETB 27.1B
Net Loss
ETB -10.1B
Total Assets
ETB 709.7B
Total Equity
ETB 562.5B
Profit Breakdown
Key income statement items
Cash Flow Activities
Net cash from each activity
Asset Composition
Breakdown of total assets
Statement of Profit or Loss and Other Comprehensive Income
FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Revenue | |
| Revenue from contracts with customers | 27,137,357,000 |
| Expenses | |
| Direct costs | -7,012,928,000 |
| Operating expenses | -792,390,000 |
| Net impairment gain (loss) on financial assets | -847,818,000 |
| Other income | 5,111,622,000 |
| EBITDA & Operating | |
| EBITDA | 23,595,843,000 |
| Depreciation of property, plant and equipment | -8,468,768,000 |
| Depreciation charge of right of use asset | -40,054,000 |
| Total depreciation | -8,508,822,000 |
| Operating profit/(loss) | 15,087,021,000 |
| Finance & Net Result | |
| Finance costs | -25,234,574,000 |
| Net loss for the year | -10,147,553,000 |
| Remeasurement gain/(loss) on post employment benefits obligations | 17,789,000 |
| Total comprehensive loss for the period | -10,129,764,000 |
Statement of Financial Position
As at end of FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Non-current Assets | |
| Property, plant and equipment | 683,138,950,000 |
| Intangible assets | 645,613,000 |
| Right of use assets | 26,585,000 |
| Long term receivables | 0 |
| Total non-current assets | 683,811,148,000 |
| Current Assets | |
| Inventories | 1,889,621,000 |
| Trade and other receivables | 20,592,162,000 |
| Cash and cash equivalents | 3,453,095,000 |
| Total current assets | 25,934,878,000 |
| Total Assets | |
| Total assets | 709,746,026,000 |
| Non-current Liabilities | |
| Borrowings | 73,348,816,000 |
| Lease liabilities | 21,077,000 |
| Employee benefit obligations | 53,635,000 |
| Provisions | 69,000 |
| Grants | 9,538,425,000 |
| Total non-current liabilities | 82,962,022,000 |
| Current Liabilities | |
| Borrowings | 30,663,349,000 |
| Employee benefit obligations | 27,320,000 |
| Trade and other payables | 33,035,264,000 |
| Contract liabilities | 82,597,000 |
| Provisions | 485,221,000 |
| Lease liabilities | 9,236,000 |
| Total current liabilities | 64,302,987,000 |
| Total Liabilities | |
| Total liabilities | 147,265,009,000 |
| Equity | |
| Capital | 586,864,060,000 |
| Legal reserve | 2,283,000 |
| Other reserves | -20,859,000 |
| Accumulated losses | -187,132,306,000 |
| Non-distributable reserve | 162,767,839,000 |
| Total equity | 562,481,017,000 |
| Total equity and liabilities | 709,746,026,000 |
Cash Flow Statement
FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Cash generated from (used in) operations | 36,942,848,000 |
| Interest paid on borrowings | -4,613,919,000 |
| Interest paid on leases | -1,524,000 |
| Net cash from operating activities | 32,327,405,000 |
| Investing Activities | |
| Purchase of property, plant and equipment | -39,208,187,000 |
| Purchase of intangible assets | -226,379,000 |
| Payment for right of use assets | -7,875,000 |
| Net cash from investing activities | -39,442,441,000 |
| Financing Activities | |
| Proceeds from borrowings | 7,016,701,000 |
| Repayments of borrowings | -1,980,051,000 |
| Principal elements of lease payments | -25,988,000 |
| Net cash from financing activities | 5,010,662,000 |
| Net Change in Cash | -2,104,373,000 |
| Closing Cash & Equivalents | 3,453,095,000 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr (originally reported in Birr'000).