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EDENOR

Edenor is Argentina’s largest electricity distributor in terms of customer portfolio and electricity sold (measured both in GWh and in Pesos). This Company has been awarded a concession to distribute electricity on an exclusive basis in the North West of Greater Buenos Aires and in the North of the City of Buenos Aires, which spans 4,637 square kilometers and approximately 2,6 million customers.

The following chart summarizes Edenor’s main financial indicators:

Technical Data 2008 2009
  Transmission and distribution lines (Km) 34.584 35.301  
  Number of customers (millions) 2,5 2,6  
  Energy Sales (GWh) 18.616 18.220  
 
Financial Information 1 2008 2009
  Net Sales 2.000.198 2.077.860  
  Cost of Sales -934.660 -1.003.362  
  Operating Income 302.915 190.392  
  Net Income 123.115 90.643  
  EBITDA 473.178 365.811  
 
  Net cash flow provided by operating activities 547.543 667.977  
  Net cash flow used in investment activities -325.380 -404.165  
  Net cash flow used in financing activities -196.962 -161.839  
 
  Current Assets 632.608 739.091  
  Non-Current Assets 3.502.022 3.361.650  
  Total Assets 4.134.630 4.370.741  
  Current Liabilities 669.078 760.273  
  Non-Current Liabilities 1.373.986 1.428.259  
  Total Liabilities 2.043.064 2.188.259  
Shareholders´ Equity 2.091.566 2.182.209
1  Amounts taken from the consolidated annual financial statements, stated in thousand  of Pesos.