GRUPO ENERGÍA BOGOTÁ S.A. E.S.P. GRUPO ENERGÍA BOGOTÁ S.A. E.S.P. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2021 AND DECEMBER 31, 2020 (Expressed in millions of colombian pesos (Col$) and thousands of Dollars)
ASSETS | December 31 | September 30 | % Part. | Variation % | USD | ||||||||||
2020 | 2021 | Variation | |||||||||||||
CURRENT ASSETS: | |||||||||||||||
Cash and cash equivalents | Col$ | $ | 851.232 | Col$ | $ | 2.226.466 | 6,43% | $ | 1.375.234 | 161,56 | % | USD | $ | 580.613 | |
Investments | 574.251 | 81.102 | 0,23% | (493.149) | (85,88)% | 21.150 | |||||||||
Accounts Receivable | 1.170.640 | 1.224.777 | 3,54% | 54.137 | 4,62 % | 319.395 | |||||||||
Accounts receivable due from related parties | 306.764 | 610.760 | 1,76% | 303.996 | 99,10 | % | 159.273 | ||||||||
Inventories | 218.662 | 220.220 | 0,64% | 1.558 | 0,71 | % | 57.429 | ||||||||
Tax assets | 74.813 | 292.698 | 0,85% | 217.885 | 291,24 | % | 76.329 | ||||||||
Hedging operations | 5.057 | 81.656 | 0,24% | 76.599 | 1514,71 | % | 21.294 | ||||||||
Other assets | 37.702 | 71.363 | 0,21% | 33.661 | 89,28 | % | 18.610 | ||||||||
3.239.121 | 4.809.042 | 13,89% | 1.569.921 | 48,47 | % | 1.254.093 | |||||||||
Assets Available for Sale | 181.621 | 181.717 | 0,52% | 96 | 0,05 | % | 47.388 | ||||||||
Total current assets | 3.420.742 | 4.990.759 | 14,42% | 1.570.017 | 45,90 | % | 1.301.481 | ||||||||
NON-CURRENT ASSETS: | |||||||||||||||
Investments in associates and joint ventures | 9.744.821 | 9.526.106 | 27,52% | (218.715) | (2,24)% | 2.484.198 | |||||||||
Property, Plant and Equipment | 12.094.342 | 13.264.560 | 38,32% | 1.170.218 | 9,68 % | 3.459.105 | |||||||||
Right of use | 45.611 | 55.239 | 0,16% | 9.628 | 21,11 | % | 14.405 | ||||||||
Investment property | 29.832 | 30.125 | 0,09% | 293 | 0,98 % | 7.856 | |||||||||
Investments | 12.110 | 10.013 | 0,03% | (2.097) | (17,32)% | 2.611 | |||||||||
Accounts Receivable | 175.946 | 274.597 | 0,79% | 98.651 | 56,07 | % | 71.609 | ||||||||
Goodwill | 278.351 | 284.776 | 0,82% | 6.425 | 2,31 % | 74.263 | |||||||||
Intangible assets | 5.233.406 | 6.049.078 | 17,48% | 815.672 | 15,59 | % | 1.577.466 | ||||||||
Tax assets | 94.641 | 104.958 | 0,30% | 10.317 | 10,90 | % | 27.371 | ||||||||
Deferred tax assets | 1.315 | 1.603 | 0,00% | 288 | 21,90 | % | 418 | ||||||||
Other assets | 21.529 | 21.790 | 0,06% | 261 | 1,21 % | 5.682 | |||||||||
Total non-current assets | 27.731.904 | 29.622.845 | 85,58% | 1.890.941 | 6,82 | % | 7.724.984 | ||||||||
Total assets | $ | 31.152.646 | $ | 34.613.604 | 100,00% | $ | 3.460.958 | 11,11 | % | $ | 9.026.465 | ||||
LIABILITIES AND EQUITY | |||||||||||||||
CURRENT LIABILITIES: | |||||||||||||||
Financial liabilities | $ | 299.726 | $ | 451.344 | 1,30% | $ | 151.618 | 50,59 | % | $ | 117.698 | ||||
Accounts payable | 528.632 | 2.088.056 | 6,03% | 1.559.424 | 294,99 | % | 544.519 | ||||||||
Lease Obligations | 20.633 | 14.533 | 0,04% | (6.100) | (29,56)% | 3.790 | |||||||||
Accounts due to related parties | 380 | 0 | 0,00% | (380) | 100,00 | % | 0 | ||||||||
Hedging derivative financial instruments | 39.236 | 187.531 | 0,54% | 148.295 | 377,96 | % | 48.904 | ||||||||
Employee Benefit Provisions | 114.414 | 119.115 | 0,34% | 4.701 | 4,11 % | 31.063 | |||||||||
Other provisions | 58.333 | 64.900 | 0,19% | 6.567 | 11,26 | % | 16.924 | ||||||||
Revenue received in advance | 20.682 | 18.503 | 0,05% | (2.179) | (10,54)% | 4.825 | |||||||||
Tax liabilities | 180.497 | 259.735 | 0,75% | 79.238 | 43,90 | % | 67.733 | ||||||||
Other non-financial liabilities | 78.434 | 68.897 | 0,20% | (9.537) | (12,16)% | 17.967 | |||||||||
Total current liabilities | 1.340.967 | 3.272.614 | 9,45% | 1.931.647 | 144,05 | % | 853.423 | ||||||||
NON-CURRENT LIABILITIES: | |||||||||||||||
Financial liabilities | 12.651.925 | 13.942.381 | 40,28% | 1.290.456 | 10,20 | % | 3.635.866 | ||||||||
Accounts payable | 31.408 | 30.313 | 0,09% | (1.095) | (3,49)% | 7.905 | |||||||||
Lease Obligations | 23.956 | 41.578 | 0,12% | 17.622 | 73,56 | % | 10.843 | ||||||||
Tax liabilities | 807 | 269 | 0,00% | (538) | (66,67)% | 70 | |||||||||
Employee Benefit Provisions | 159.056 | 149.026 | 0,43% | (10.030) | (6,31)% | 38.863 | |||||||||
Other provisions | 425.774 | 400.524 | 1,16% | (25.250) | (5,93)% | 104.448 | |||||||||
Revenue received in advance | 54.840 | 54.829 | 0,16% | (11) | (0,02)% | 14.298 | |||||||||
Deferred tax liabilities | 1.714.175 | 2.061.750 | 5,96% | 347.575 | 20,28 | % | 537.659 | ||||||||
Other non-financial liabilities | 19.268 | 19.951 | 0,06% | 683 | 3,54 | % | 5.203 | ||||||||
Total non-current liabilities | 15.081.209 | 16.700.621 | 48,25% | 1.619.412 | 10,74 | % | 4.355.155 | ||||||||
Total liabilities | 16.422.176 | 19.973.235 | 57,70% | 3.551.059 | 21,62 | % | 5.208.578 | ||||||||
SHAREHOLDERS' EQUITY | |||||||||||||||
Issued capital | 492.111 | 492.111 | 1,42% | 0 | % | 128.332 | |||||||||
Share Premium | 837.799 | 837.799 | 2,42% | 0 | % | 218.480 | |||||||||
Reserves | 4.070.324 | 4.078.312 | 11,78% | 7.988 | 0,20 % | 1.063.534 | |||||||||
Retained earnings | 6.246.332 | 5.372.512 | 15,52% | (873.820) | (13,99)% | 1.401.033 | |||||||||
Other comprehensive income | 2.597.137 | 3.359.337 | 9,71% | 762.200 | 29,35 % | 876.041 | |||||||||
Total equity attributable to owners of the Entity | 14.243.703 | 14.140.071 | 40,85% | (103.632) | (0,73)% | 3.687.420 | |||||||||
Non-controlling interests | 486.767 | 500.298 | 1,45% | 13.531 | 2,78 | % | 130.467 | ||||||||
Total shareholders' equity | 14.730.470 | 14.640.369 | 42,30% | (90.101) | (0,61)% | 3.817.887 | |||||||||
Total liabilities and equity | $ | 31.152.646 | $ | 34.613.604 | 100,00% | $ | 3.460.958 | 11,11 | % | $ | 9.026.465 |
- 3 -
GRUPO ENERGÍA BOGOTÁ S.A. E.S.P. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIODS ENDED ON SEPTEMBER 30, 2021 AND 2020
(Expressed in millions of colombian pesos (Col$) and thousands of Dollars)
For the three-month period ended september 30 | |||||||||
2020 | 2021 | Variation | |||||||
Natural gas distribution | $ | 598.617 | $ | 773.697 | $ | 175.080 | |||
Transportation of natural gas | 410.469 | 369.611 | (40.858) | ||||||
Electricity transmission | 167.880 | 177.235 | 9.355 | ||||||
Electricity distribution | 90.660 | 99.803 | 9.143 | ||||||
Total revenues | 1.267.626 | 1.420.346 | 152.720 | ||||||
Natural gas distribution | (427.586) | (556.400) | (128.814) | ||||||
Transporting natural gas | (145.521) | (139.537) | 5.984 | ||||||
Electricity transmission | (59.520) | (57.287) | 2.233 | ||||||
Electricity distribution | (53.754) | (58.059) | (4.305) | ||||||
Total costs | (686.381) | (811.283) | (124.902) | ||||||
Gross Profit | 581.245 | 609.063 | 27.818 | ||||||
Administrative and operating expenses | (154.085) | (192.210) | (38.125) | ||||||
Other revenues (expenses), net | 18.597 | 42.055 | 23.458 | ||||||
Result of operational activities | 445.757 | 458.908 | 13.151 | ||||||
Financial income | 9.123 | 25.753 | 16.630 | ||||||
Financial costs | (161.453) | (175.354) | (13.901) | ||||||
Revenues (expenses) from exchange difference, net | (60.689) | (15.108) | 45.581 | ||||||
Share of profit of associates and joint venture | 376.002 | 558.518 | 182.516 | ||||||
Profit before taxes | 608.740 | 852.717 | 243.977 | ||||||
Income tax | (103.488) | (106.488) | (3.000) | ||||||
Consolidated profit for the period | $ | 505.252 | $ | 746.229 | $ | 240.977 | |||
OTHER COMPREHENSIVE INCOME | |||||||||
OTHER COMPREHENSIVE INCOME | 232.153 | (55.844) | (287.997) | ||||||
CONSOLIDATED COMPREHENSIVE INCOME FOR THE PERIOD | $ | 737.405 | $ | 690.385 | $ | (47.020) | |||
Consolidated comprehensive income attributable to: | |||||||||
Owners of the Entity | 478.973 | 710.381 | 231.408 | ||||||
Non-controlling interest | 26.279 | 35.848 | 9.569 | ||||||
$ | 505.252 | $ | 746.229 | $ | 240.977 | ||||
Consolidated income for the year attributable to: | |||||||||
Consolidated income attributable to: | $ | 693.491 | $ | 658.510 | $ | (34.981) | |||
Non-controlling interest | 43.914 | 31.875 | (12.039) | ||||||
For the nine-month period ended september 30 | |||||||||
% Var | 2020 | 2021 | Variation | ||||||
29,25 % | $ | 1.712.297 | $ | 2.112.067 | $ | 399.770 | |||
(9,95)% | 1.244.137 | 1.061.569 | (182.568) | ||||||
5,57 % | 498.856 | 511.146 | 12.290 | ||||||
10,08 % | 290.014 | 299.384 | 9.370 | ||||||
12,05 % | 3.745.304 | 3.984.166 | 238.862 | ||||||
30,13 % | (1.200.667) | (1.492.829) | (292.162) | ||||||
(4,11)% | (446.574) | (393.494) | 53.080 | ||||||
(3,75)% | (165.434) | (165.191) | 243 | ||||||
8,01 % | (170.018) | (174.835) | (4.817) | ||||||
18,20 % | (1.982.693) | (2.226.349) | (243.656) | ||||||
4,79 % | 1.762.611 | 1.757.817 | (4.794) | ||||||
24,74 % | (532.131) | (555.915) | (23.784) | ||||||
126,14 % | 71.082 | 103.898 | 32.816 | ||||||
2,95 % | 1.301.562 | 1.305.800 | 4.238 | ||||||
182,29 % | 65.918 | 61.440 | (4.478) | ||||||
8,61 % | (501.969) | (493.167) | 8.802 | ||||||
(75,11)% | (72.663) | (124.973) | (52.310) | ||||||
48,54 % | 1.191.075 | 1.509.589 | 318.514 | ||||||
40,08 % | 1.983.923 | 2.258.689 | 274.766 | ||||||
2,90 % | (214.613) | (290.963) | (76.350) | ||||||
47,69 % | $ | 1.769.310 | $ | 1.967.726 | $ | 198.416 | |||
(124,05)% | 1.065.995 | 798.600 | (267.395) | ||||||
(6,38)% | $ | 2.835.305 | $ | 2.766.326 | $ | (68.979) | |||
48,31 % | 1.694.345 | 1.867.641 | 173.296 | ||||||
36,41 % | 74.965 | 100.085 | 25.120 | ||||||
47,69 % | $ | 1.769.310 | $ | 1.967.726 | $ | 198.416 | |||
(5,04)% | $ | 2.687.720 | $ | 2.629.841 | $ | (57.879) | |||
(27,41)% | 147.585 | 136.485 | (11.100) | ||||||
% Var | USD | ||
23,35 % | $ | 571.277 | |
(14,67)% | 287.136 | ||
2,46 % | 138.256 | ||
3,23 % | 80.978 | ||
6,38 % | 1.077.646 | ||
24,33 % | (403.784) | ||
(11,89)% | (106.433) | ||
(0,15)% | (44.681) | ||
2,83 % | (47.290) | ||
12,29 % | (602.188) | ||
(0,27)% | 475.458 | ||
4,47 % | (150.365) | ||
46,17 % | 28.103 | ||
0,33 % | 353.196 | ||
(6,79)% | 16.618 | ||
(1,75)% | (133.393) | ||
71,99 % | (33.803) | ||
26,74 % | 408.317 | ||
13,85 % | 610.935 | ||
35,58 % | (78.700) | ||
11,21 % | $ | 532.235 | |
(25,08)% | 216.007 | ||
(2,43)% | $ | 748.242 | |
10,23 % | 505.164 | ||
33,51 % | 27.071 | ||
11,21 % | $ | 532.235 | |
(2,15)% | $ | 711.325 | |
(7,52)% | 36.917 |
737.405 | 690.385 | (47.020) | (6,38)% | 2.835.305 | 2.766.326 | (68.979) | (2,43)% | 748.242 | ||||||
- 4 -
GRUPO ENERGÍA BOGOTÁ S.A. E.S.P. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE PERIODS ENDED SEPTEMBER 30, 2021 AND 2020 (Expressed in millions of colombian pesos (Col$)
For the nine-month period ended september 30 | ||||||
2021 | 2020 | |||||
CASH FLOWS OF OPERATING ACTIVITIES: | ||||||
Net profit | $ | 1.967.726 | $ | 1.769.310 | ||
Adjustments to reconcile net income with net cash | ||||||
provided by the operation activities: | ||||||
Current and deferred tax recognized in results | 290.963 | 214.613 | ||||
Share of profit of associates and joint venture | (1.509.589) | (1.191.075) | ||||
Financial expenses | 493.167 | 501.969 | ||||
Financial income | (61.440) | (65.918) | ||||
Depreciation and amortization | 506.059 | 495.628 | ||||
Gain on disposal of property, plant and equipment | 5.464 | 872 | ||||
Exchange difference | 124.973 | 72.814 | ||||
(Recovery) Long-term asset impairment | - | - | ||||
Provisions (recoveries), net | 28.860 | 55.959 | ||||
1.846.183 | 1.854.172 | |||||
NET CHANGES IN ASSETS AND LIABILITIES OF THE OPERATION: | ||||||
Accounts receivable | (35.813) | (104.762) | ||||
Inventories | 22.190 | (4.353) | ||||
Other non-financial assets | (28.031) | (22.339) | ||||
Accounts payable | (48.643) | 107.504 | ||||
Provisions for benefits to employees | (10.774) | (28.105) | ||||
Provisions | (43.109) | (27.018) | ||||
Other non-financial liabilities | (40.954) | (100.141) | ||||
Liabilities for use rights | 21.652 | (17.757) | ||||
Interest for use rights | 632 | (1.190) | ||||
Taxes paid | (427.444) | (325.489) | ||||
Net cash flow provided by operating activities | 1.255.889 | 1.330.520 | ||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Dividends Received | 1.623.262 | 749.496 | ||||
Acquisition of uncontrolled participation | (13.408) | - | ||||
capitalizations in associates | (8.531) | - | ||||
Capital reductions joint ventures | 14.178 | - | ||||
Consideration paid in the acquisition of joint ventures | - | (1.366.929) | ||||
revenues of property, plant and equipment | 169 | 3.084 | ||||
Interest Received | 33.650 | 39.055 | ||||
Investments | 522.536 | 22.462 | ||||
Acquisition of property, plant and equipment | (488.317) | (369.458) | ||||
Acquisition of intangible assets | (410.989) | (218.948) | ||||
Net cash flow provided (used) in investment activities | 1.272.550 | (1.141.239) | ||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Interest paid | (421.898) | (507.497) | ||||
Loans Received | 894.729 | 4.745.552 | ||||
Loans paid | (655.446) | (2.498.242) | ||||
Dividends paid | (988.097) | (642.690) | ||||
Net cash flow (used) provided in financing activities | (1.170.712) | 1.097.123 | ||||
NET CASH INCREASE | 1.357.727 | 1.286.404 | ||||
Effect on changes in the exchange rate in cash | ||||||
held under foreign currency | 17.507 | 177.981 | ||||
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 851.232 | 769.357 | ||||
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | $ | 2.226.466 | $ | 2.233.742 | ||
- 6 -
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Grupo Energía Bogotá SA ESP published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2021 22:09:03 UTC.
