2019 Q3 report

TGN S.N.T.G.N. TRANSGAZ S.A.

CURRENT REPORT

in compliance with the stipulations of the Law no. 24/2017 and

of the FSA Regulation no.5/2018 regarding the issuers of financial instruments and market operations

Date of report: 14.11.2019  

Name of issuing entity: SNTGN TRANSGAZ SA MEDIAS

Headquarters: Medias, 1 Constantin I. Motas Square, Sibiu County

Telephone/fax number: 0269803333/0269839029

Tax number: RO 13068733

Trade Register number: J32/301/2000

Subscribed and paid-up capital: RON 117,738,440

Regulated market on which issued securities are traded: Bucharest Stock Exchange.

 

 

QUARTERLY FINANCIAL RESULTS AT 30 SEPTEMBER 2019

(01.01-30.09.2019)

 

SNTGN Transgaz SA is a public limited liability company operated according to the Romanian laws and to the Articles of Incorporation.

According to Government Resolution 334/2000 and to the Articles of Incorporation, Transgaz aims at giving effect to the national strategic goals set for gas transmission, international transit, dispatching, research and design, by performing trading acts according to its object of activity, in line with the Romanian laws in force.

The revenue obtained by Transgaz results from the following activities:

§  domestic gas transmission activity, which, due to its monopolistic feature, is regulated by the National Energy Regulatory Authority.  

§  international gas transmission activity, which is a gas transmission activity performed through dedicated transmission pipelines.

§  balancing activity performed as of 1 December 2015 based on ANRE Order 160/2015 establishing the obligations of the Company on the balancing of the national transmission system, a financially neutral activity, any profit or loss from this activity following to be distributed to the customers for which the domestic transmission services are provided.

The total revenue from other activities with a small contribution to the turnover, such as asset sales, renting and royalty, interest revenue and foreign exchange gains, and the financial revenue related to the debt for the regulated value remaining unamortised of the regulated asset base at the end of the Concession Agreement complete the total revenue of the Company.

The main economic and financial indicators obtained at 30 September 2019 and in Q III 2019, compared to the same periods of 2018 are presented below:

Name

Obtained

 9 months 2018

Obtained

 9 months 2019

Changes (+/-)

Obtained in

Q III 2018

Obtained in

Q III 2019

Changes (+/-)

Operating revenue before the balancing and construction activity, according to IFRIC12

1.093.054

1.085.513

-1%

284.248

310.519

9%

Revenue from the balancing activity

118.838

250.930

111%

28.354

67.721

139%

Revenue from the construction activity according to IFRIC12

109.545

521.459

376%

74.626

223.561

200%

Financial revenue

36.560

41.522

14%

14.582

8.324

-43%

Operating costs before the construction activity, according to IFRIC12

755.092

840.997

11%

264.046

280.964

6%

Costs from the balancing activity

118.838

250.930

111%

28.354

67.721

139%

Cost of assets built according to IFRIC12

109.545

521.459

376%

74.626

223.561

200%

Financial costs

18.009

20.742

15%

9.131

4.308

-53%

GROSS PROFIT, of which:

356.513

265.297

-26%

25.653

33.570

31%

· from operation

337.962

244.516

-28%

20.202

29.555

46%

· from the financial activity

18.551

20.781

12%

5.451

4.015

-26%

Income tax

56.568

40.608

-28%

5.977

4.383

-27%

NET PROFIT

299.946

224.689

-25%

19.676

29.188

48%

 Values expressed in *RON thousand*

The Quarterly Report at 30 September 2019 (01.01-30.09.2019) is prepared according to Annex 13 ASF Regulation no. 5/2018 and includes unaudited financial information.

For the full report please access the link below or Transgaz`s website at:  http://www.transgaz.ro/en/investitori/raportari_financiare

 

 

Director - General

Ion Sterian