Transener is a leading public utility in Argentina’s extra high voltage electricity transmission sector. It holds a concession over Argentina’s extra high voltage electricity transmission network made up by 10,319 kilometers of transmission lines and 42 transforming substations, plus the 6,108 kilometers of lines and 87 transforming substations that make up the network managed by Transener’s controlled company, Empresa de Transporte de Energía Eléctrica por Distribución Troncal de la Provincia de Buenos Aires (“Transba S.A.”, in which Transener holds a 90% shareholding). Thus, Transener operates 95% of Argentina’s high voltage electricity lines. The following table summarizes Transener’s main financial indicators:
 |
Technical Data |
2008 |
2009 |
 |
| |
Transener Transmission Lines (Km) |
10.155 |
10.319 |
|
| |
Transba Transmission Lines (Km) |
6.108 |
6.109 |
|
| |
|
Financial Information 1 |
2008 |
2009 |
|
| |
Net Sales |
457.046 |
582.548 |
|
| |
Cost of Sales |
-361.838 |
-447.278 |
|
| |
Operating Income |
35.157 |
59.200 |
|
| |
Net Income |
-65.883 |
46.786 |
|
| |
EBITDA |
149.328 |
181.930 |
|
| |
| |
Net cash flow provided by operating activities |
157.271 |
217.307 |
|
| |
Net cash flow used in investment activities |
-102.085 |
-75.288 |
|
| |
Net cash flow used in financing activities |
-102.660 |
-101.593 |
|
| |
| |
Current Assets |
158.190 |
187.046 |
|
| |
Non-Current Assets |
1.871.622 |
1.824.815 |
|
| |
Total Assets |
2.029.812 |
2.011.861 |
|
| |
Current Liabilities |
129.958 |
219.047 |
|
| |
Non-Current Liabilities |
839.122 |
688.572 |
|
| |
Total Liabilities |
969.080 |
907.619 |
|
| |
Minority Interest |
48.243 |
44.966 |
|
 |
Shareholders´ Equity |
1.012.489 |
1.059.276 |
 |
| 1 Amounts taken from the consolidated annual financial statements, stated in thousand of Pesos. |
|
