Current Report No. 11/2015
Belongs to:
- Reports
Date of preparation: 12 May 2015
Topic: Compliance Declaration of ENERGA SA related to Company’s series A domestic bond issue
Legal grounds: Other regulations
In accordance with point 19 of the Bond Issue Terms and Conditions, the Management Board of ENERGA SA discloses the Compliance Declaration containing the calculation of financial leverage (Net Debt to EBITDA ) ratio for the first quarter of 2015.
Financial leverage ratio as of 31 March 2015 calculated on the basis of ENERGA Capital Group Consolidated Financial Statements prepared in accordance with IFRS EU for the period ended on 31 March 2015 amounts to 1.34.
This ratio has been calculated based on the basis of the following items of the financial statements and additional information required for its estimation:
1. Net debt as at 31 March 2015– PLN 3,160,198 thousand, thereof:
a. Loans and borrowings - PLN 2,791,537 thousand;
b. Bonds issued – PLN 3,051,627 thousand;
c. Finance lease liabilities – PLN 3,810 thousand;
d. Cash and cash equivalents – PLN (2,686,776) thousand.
2. EBITDA for 12 months ended on 31 March 2015 – PLN 2,355,094 thousand, thereof:
a. EBIT – PLN 1,477,998 thousand;
b. Amortization and depreciation – PLN 877,096 thousand.
Legal Grounds:
§ 4 of Appendix No. 3 to the By-Laws of regulated over-the-counter market trading