The sales income of AS Eesti Gaas totalled EEK 2, 646.4 million in the 2009 fiscal year. The natural gas sales amounted to 634.8 million m³ in 2009, which is by 15.4% less than in 2008.
Of the total natural gas sales in the fiscal year, 57.8 million m³ was sold to residential customers and 577.0 million m³ to eligible customers.
The balance sheet total of AS Eesti Gaas amounted to EEK 2, 944.6 million as of December 31, 2009.
Noncurrent assets amounted to EEK 1, 817.1 million in total assets as of December 31,2009, increasing by EEK 55.8 million in the fiscal year. Noncurrent assets increased mainly on account of the new gas pipelines. In addition, a new public CNG filling station was opened in 2009. The book value of the company’s natural gas transmission and distribution network totalled EEK 1, 709.1 million as of December 31, 2009.
Current assets amounted to EEK 1, 127.6 million by the end of the fiscal year, increasing by EEK 337.6 million compared with the amount at the beginning of the year. The decrease in current assets occurred primarily on account of the gas reserve stored in the Latvian underground storage, which serves to guarantee the security of supply and will be used in the first quarter of 2010.
Cash at bank amounted to EEK 71.1 million as of December 31, 2009.
Liabilities totalled EEK 1, 199.2 million as of December 31, 2009, increasing by EEK 304.1 million in comparison with the amount at the beginning of the year.
The company’s net profit of the 2009 fiscal year amounted to EEK 148.1 million and the net profit margin of sales was 5.6 %.
Owners' equity amounted to EEK 1, 745.4 million as of December 31, 2009. In comparison with the end-standing of the preceding fiscal year, owners' equity increased by EEK 89.1 million as a result of economic activity.
AS Eesti Gaas had an average of 83 employees in the fiscal year. Wages and salaries amounted to EEK 33.0 million.
Real investments made by AS Eesti Gaas totalled EEK 148.6 million in 2009. The company financed the construction of gas supply systems for new customers in the amount of EEK 59.9 million and the reconstruction and renovation of noncurrent assets in the amount of EEK 65.5 million.
The sales income of the subsidiary AS EG Ehitus for the 2009 fiscal year amounted to EEK 122.4 million and the profit was EEK 0.1 million. The principal activities of the company include the construction and renovation of gas, water and sewage pipelines and heating systems. The company had an average of 65 employees in 2009.
The sales income of the subsidiary AS EG Võrguteenus totalled EEK 203.0 million and the loss amounted to EEK 13.5 million. The company had an average of 156 employees in 2009. The main areas of activity of the company are the sale of natural gas transmission and distribution services as well as the maintenance of gas supply systems.
The consolidated economic indicators of AS Eesti Gaas and its subsidiaries have been presented in the 2009 Annual Accounting Report and the unconsolidated main statements of the parent company have been included in the appendices thereto.
The main goals of AS Eesti Gaas in 2010 are increasing the sales of natural gas as an environmentally friendly and efficient fuel, guaranteeing the safety and security of the natural gas supply system as well as enhancing the effective operation of the companies belonging to the Group.