REN Redes Energeticas Nacionais : Report and Accounts 9M2017
November 03, 2017 at 03:24 pm EDT
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REN - Redes Energéticas Nacionais, SGPS, S.A.
Consolidated Financial Statements 30 September 2017
(Translation of consolidated financial statements originally issued in Portuguese - Note 31)
Consolidated financial statements
30 September 2017
REN - Redes Energéticas Nacionais, SGPS, S.A.
Index
ECONOMIC AND FINANCIAL PERFORMANCE 5
3RD QUARTER RESULTS 5
AVERAGE RAB AND CAPEX 9
QUARTERLY STATEMENTS OF PROFIT OR LOSS AND COMPREHENSIVE INCOME FOR
THE PERIODS FROM 1 JULY TO 30 SEPTEMBER OF 2017 AND 2016 10
CONSOLIDATED FINANCIAL STATEMENTS 13
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE
MONTH PERIOD ENDED 30 SEPTEMBER 2017 18
GENERAL INFORMATION 18
BASIS OF PRESENTATION 23
MAIN ACCOUNTING POLICIES 24
SEGMENT REPORTING 27
INTANGIBLE ASSETS AND PROPERTY, PLANT AND EQUIPMENT 30
INVESTMENTS IN ASSOCIATES AND JOINT VENTURES 33
INCOME TAX 36
FINANCIAL ASSETS AND LIABILITIES 40
ASSETS AVAILABLE FOR SALE 42
TRADE AND OTHER RECEIVABLES 45
DERIVATIVE FINANCIAL INSTRUMENTS 46
CASH AND CASH EQUIVALENTS 51
EQUITY INSTRUMENTS 51
BORROWINGS 53
POST-EMPLOYMENT BENEFITS AND OTHER BENEFITS 55
PROVISIONS 57
TRADE AND OTHER PAYABLES 58
SALES AND SERVICES RENDERED 59
REVENUE AND COSTS FROM CONSTRUCTION ACTIVITIES 59
OTHER OPERATING INCOME 60
EXTERNAL SUPPLIES AND SERVICES 60
PERSONNEL COSTS 61
OTHER OPERATING COSTS 61
FINANCIAL COSTS AND INCOME 62
ENERGY SECTOR EXTRAORDINARY CONTRIBUTION 62
EARNINGS PER SHARE 63
DIVIDENDS PER SHARE 63
GUARANTEES GIVEN 64
RELATED PARTIES 64
SUBSEQUENT EVENTS 68
EXPLANATION ADDED FOR TRANSLATION 68
REN - Redes Energéticas Nacionais SGPS SA published this content on 03 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 November 2017 19:23:06 UTC.
Original documenthttp://www.ren.pt/en-GB/investidores/comunicados_a_cmvm/ficheiros_en/report_and_accounts_9m2017
Public permalinkhttp://www.publicnow.com/view/B9E082FB165AE1E35BCF9DCF8B34DCFB1396CE7D
REN - Redes Energéticas Nacionais, SGPS, S.A. specializes in the operation and concession management of the Portuguese electricity transportation network. Net sales break down by activity sector as follows:
- electricity (63.7%): transportation of electricity from producers to end distributors and consumers, management of the electricity transportation network (connecting user installations to the network, maintenance of the network, etc.). At the end of 2022, the network has a total of 9,424 Km;
- gas (34.8%): transportation of natural gas from producers to end distributors and industrial consumers, underground storage of natural gas, receiving, storage, and regasification of liquid natural gas (LNG), infrastructure construction and maintenance services, etc.;
- telecommunications (1.3%);
- other (0.2%).
REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A. 
