Financial statements

 

Financial key figures

Profit and loss statement

CONSOLIDATED STATEMENT OF PROFIT OR LOSS (IFRS)

Attributable to:

1 000 eur 2017 2016
NET SALES 426 427 384 028
Other operating income 6 012 7 626
Direct costs -88 116 -81 851
Personnel expenses -20 362 -21 806
Other operating expenses -54 386 -55 679
Depreciations, amortisations
and impairment charges
-123 894 -112 926
-286 758 -272 262
Operating profit 145 681 119 392
Finance income 6 415 4 263
Finance costs -135 577 -177 211
Finance items total -129 162 -172  948
 
Profit/loss before taxes 16 519 -53 556
Income taxes 12 259 21 925
PROFIT/LOSS FOR THE PERIOD 28 778 -31 631
Attributable to:
Equity holders of the parent 28 778 -31 631

CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME (IFRS)

1 000 eur 2017 2016
PROFIT/LOSS FOR THE PERIOD 28 778 -31 631
Other comprehensive income:
Other comprehensive income to be reclassified

to profit or loss in subsequent periods:

Net movement on cash flow hedges -4 -1 285
Income tax effect 1 257
Net other comprehensive income to be reclassified 

to profit or loss in subsequent periods

-3 -1 028
Other comprehensive income not to be reclassifiedto profit or loss in subsequent periods
Re-measurement gains (losses) on defined benefit plans -38 -25
Income tax effect 8 5
Net other comprehensive income not to be reclassified

to profit or loss in subsequent periods

-30 -20
Other comprehensive income for the period, net of tax -33 -1 048
Total comprehensive income for the period, net of tax 28 745  -32 679
Attributable to:
      Equity holders of the parent 28 745 -32 679

Financial position

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (IFRS)

1 000 eur   31.12.2017 31.12.2016
Assets
Non-current assets
Goodwill 62 468 62 468
Intangible assets 1 585 940 1 578 794
Property, plant and equipment 2 235 159 2 075 414
Derivative financial instruments 905 738
Other non-current assets 49 473
Deferred tax assets 73 73
Total non-current assets 3 884 594  3 717 960
Current assets
Trade and other receivables 109 877 117 433
Derivative financial instruments 151 1 243
Cash and cash equivalents 42 900 59 790
Total current assets 152 928 178 466
Total assets 4 037 522 3 896 426

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (IFRS)

 1 000 eur 31.12.2017 31.12.2016
EQUITY AND LIABILITIES
Share capital 3 3
Invested unrestricted equity fund 171 204 171 204
Other equity fund -2 511 -2 477
Retained earning -296 374 -325 152
Total equity -127 678 -156 422
Non-current liabilities
Interest bearing loans and borrowings 3 174 068 3 032 925
Derivative financial instruments 24 679 31 323
Deferred tax liabilities 521 158 539 763
Provisions 208 246
Net employee defined benefit liabilities 160 111
Other non-current liabilities 304 546 304 957
Total non-current liabilities 4 024 819 3 909 325
Current liabilities
Trade payables 55 316 53 344
Other payables 35 451 32 860
Derivative financial instruments 11 665
Provisions 160 480
Other current liabilities 49 443 56 174
Total current liabilities 140 381 143 523
Total liabilities 4 165 200 4 052 848
Total shareholders’ equity and liabilities 4 037 522 3 896 426

Cash flow statement

CONSOLIDATED STATEMENT OF CASH FLOWS (IFRS)

1000 eur 2017 2016
Net profit/loss for the period 28 778 -31 631
Adjustments:
Taxes -12 259 -21 925
Finance costs – net 129 162 172 948
Depreciation, amortisation
and impairment charges
123 894 112 926
240 797 263 949
Operating profit before depreciation (EBITDA) 269 575 232 318
Non-cash flow items -1 525 -3 073
Interest paid -148 824 -112 682
Interest received 6 943 2 615
Taxes -7 121 -97
-150 527 -113 237
Funds from operations 119 048 119 081
Change in working capital:
Change in trade and other receivables 9 135 -26 830
Change in trade and other payables -4 652 6 819
Change in connection fee payables -411 -272
4 072 -20 283
Net cash flows from operating activities 123 120  98 798
Capital expenditure -293 495 -273 162
Proceeds from sales of fixed assets 453 544
Net cash flows used in investing activities -293 042 -272 618
Loans withdrawal 400 000 2 926 531
Repayments of long-term liabilities -250 000 -2 756 820
Net cash used in financing activities 150 000 169 711
Net increase in cash and cash equivalents -19 922 -4 109
Cash and cash equivalents at 1 January 59 790 63 899
Cash and cash equivalents at 31 December 39 868 59 790