Financial capital
In 2020, TAURON Capital Group generated PLN 20 367 million of revenue from the continued operations, i.e. higher by 7% as compared to the amount generated in 2019.
This is the result of the following factors:
- higher revenue from electricity sales by 9%, which is the result of obtaining the higher average electricity sales price as a consequence of an increase of the tariff and the higher electricity sales prices on the market as well as the decline of TAURON Capital Group’s electricity supply volume,
- higher revenue from the distribution and trading services sales by 4% as a consequence of the increase of the distribution service rate along with the simultaneous decline of the distribution service volume,
- higher revenue from the heat supply by 29% due to the higher sales volume which is related to the implementation of the heat unit no. 10 at the Łagisza Power Plant,
- lower revenue from the hard coal sales by 8% as a consequence of the lower coal sales volume and obtaining of the lower prices.
In addition, in 2020 TAURON Capital Group recognized the revenues from the compensation in the amount of PLN 66 million as a result of the submitted applications for the correction (adjustment) of the Amount of the Price Difference and the Financial Compensation for the entire 2019, which is a consequence of the recognition of the revenue from the compensations in 2019 in the amount of PLN 953 million based in part on the estimated data. Pursuant to Art. 9 of the amended Act on amending the Excise Duty Act and certain other acts, on September 28, 2020, TAURON Sprzedaż and TAURON Sprzedaż GZE submitted applications for the correction (adjustment) of the Amount of the Price Difference and the Financial Compensation for the entire 2019. The corrected (adjusted) Amount of the Price Difference and the Financial Compensation is based on the actual volumes and the prices used in the calculation thereof.
TAURON Capital Group’s sales revenue (except for the compensation) in 2019-2020*
*Due to the limited comparability of the earlier periods, the data is presented in a two-year time frame.
TAURON Group’s EBITDA in 2012-2020
The table below presents TAURON Capital Group’s 2019-2017 EBITDA broken down into individual lines of business (segments). Data for the individual segments do not include consolidation exclusions.
TAURON Capital Group’s EBITDA, broken down into Segments of Operations (Lines of Business) in 2019-2020
Export to Excel| EBITDA [PLN’000] | 2019 | 2020 | Change in % (2020/2019) | Change (2020-2019) |
|---|---|---|---|---|
| Mining | (499,865) | (157,321) | 31% | 342,544 |
| Generation | 438,114 | 172,145 | 39% | (265,969) |
| RES | 368,213 | 296,852 | 81% | (71,361) |
| Distribution | 2,605,808 | 3,023,006 | 116% | 417,198 |
| Supply | 428,577 | 683,352 | 159% | 254,775 |
| Other operations | 136,186 | 229,314 | 168% | 93,128 |
| Unallocated items | (55,792) | (195,741) | 351% | (139,949) |
| EBITDA from continued operations | 3,421,241 | 4,051,607 | 118% | 630,366 |
| Discontinued operations | 178,126 | 171,119 | 96% | (7,007) |
| Total EBITDA | 3,599,367 | 4,222,726 | 117% | 623,359 |
Structure of TAURON Capital Group’s EBITDA in 2019-2020
Distribution, Generation and Supply Segments are the biggest contributors to TAURON Capital Group’s EBITDA.
Change of TAURON Capital Group’s EBITDA in 2019-2020