Financial statements

 

Financial key figures

Profit and loss statement

Consolidated statement of profit or loss (IFRS)

EUR 1,000 2016 2015
NET SALES 384,028 287,523
Other operating income 7,626 9,184
Direct costs -81,851 -72,631
Personnel expenses -21,806 -24,001
Other operating expenses -55,679 -69,761
Depreciations, amortisations
and impairment charges
-112,926 -104,706
-272,262 -271,099
Operating profit/loss 119,392 25,608
Finance income 4,263  223
Finance costs -117,211 -170,021
Loss before taxes -53,556   -144,190
Income taxes 21,925 3,797
LOSS FOR THE PERIOD -31,631 -140,393
Attributable to:
Equity holders of the parent -31,631 -140,393

Consolidated statement of profit and loss and other comprehensive income (IFRS)

EUR 1,000 2016 2015
LOSS FOR THE PERIOD -31,631 -140,393
Other comprehensive income:
Other comprehensive income to be reclassified

to profit or loss in subsequent periods:

Net movement on cash flow hedges -1,285 30,615
Income tax effect 257 -6,123
Net other comprehensive income to be reclassified

to profit or loss in subsequent periods

-1,028 24,492
Other comprehensive income not to be reclassified

to profit or loss in subsequent periods

Re-measurement gains (losses) on defined benefit plans -25 107
Income tax effect 5 -21
Net other comprehensive income not to be

reclassified to profit or loss in subsequent periods

-20 86
Other comprehensive income for the period, net of tax -1,048 24,577
Total comprehensive income for the period, net of tax -32,679 -115,816
Attributable to:
     Equity holders of the parent -32,679 -115,816

Financial position

Consolidated statement of financial position (IFRS)

EUR 1,000   31 December 2016 31 December 2015
Assets
Non-current assets
Goodwill 62,468 62,468
Intangible assets 1,578,794 1,576,499
Property, plant and equipment 2,075,414 1,907,522
Derivative financial instruments 738 1,224
Other non-current assets 473 50
Deferred tax assets 73 104
Total non-current assets 3,717,960 3,547,868
Current assets
Trade and other receivables 117,433 91,423
Derivative financial instruments 1,243 2,461
Cash and cash equivalents 59,790 63,899
Total current assets 178,466 157,783
Total assets 3,896,426 3,705,651

Consolidated statement of financial position (IFRS)

EUR 1,000 31 December 2016 31 December 2015
EQUITY AND LIABILITIES
Share capital 3 3
Invested unrestricted equity fund 171,204 171,204
Other equity fund -2,477 -1,430
Retained earning -325,152 -293,520
Total equity -156,422 -123,744
Non-current liabilities
Interest bearing loans and borrowings 3,032,925 2,804,282
Derivative financial instruments 31,323 38,243
Deferred tax liabilities 539,763 562,438
Provisions 246 247
Net employee defined benefit liabilities 111 66
Other non-current liabilities 304,957 306,592
Total non-current liabilities 3,909,325 3,711,867
Current liabilities
Trade payables 53,344 47,174
Other payables 32,860 25,727
Derivative financial instruments 665 5,686
Provisions 480 280
Other current liabilities 56,174 38,661
Total current liabilities 143,523 117,528
Total liabilities 4,052,848 3,829,395
Total shareholders’ equity and liabilities 3,896,426 3,705,651

Cash flow statement

Consolidated statement of cash flows (IFRS)

EUR 1,000 2016 2015
Net loss for the period -31,631 -140,393
Adjustments:
Taxes -21,925 -3,797
Finance costs – net 172,948 169,798
Depreciation, amortisation
and impairment charges
112,926 104,706
263,949 270,707
Operating profit before depreciation (EBITDA) 232,318 130,314
Non-cash flow items -3,073 -4,333
Interest paid -112,682 -82,618
Interest received 2,615 222
Taxes -97 -366
-113,237 -87,095
Funds from operations 119,081 43,219
Change in working capital:
Change in trade and other receivables -26,830 4,649
Change in trade and other payables 6,819 -8,650
Change in connection fee payables -272 -283
-20,283 -4,284
Net cash flows from operating activities 98,798 38,935
Acquisition of shares, net of cash acquired -1,000
Capital expenditure -273,162 -203,977
Proceeds from sales of fixed assets 544 27
Net cash flows used in investing activities -272,618 -204,950
Proceeds received from share issues
Loans withdrawal 2,926,531 174,000
Repayments of long-term liabilities -2,756,820
Net cash used in financing activities 169,711 174,000
Net increase in cash and cash equivalents -4,109 7,985
Cash and cash equivalents at 1 January 63,899 55,915
Cash and cash equivalents at 31 December 59,790 63,899