REN-Redes Energeticas Nacionais Logo

REN-Redes Energeticas Nacionais

ISIN: PTREL0AM0008 | Ticker: RN4 | LEI: 549300FR1FN48IGHR915
Sector: UtilitiesSub-Industry: Electric Utilities
Country: Portugal

About REN-Redes Energeticas Nacionais

Company Description

REN - Redes Energéticas Nacionais operates in two major business areas:

- The transmission in very high voltage electricity and overall technical management of the National Electricity System;
- The transport of high-pressure natural gas and overall technical management of the National Natural Gas System, guaranteeing the reception, storage and regasification of LNG and underground storage of natural gas.

As a result of the country's commitment to renewable energy, the Portuguese government granted REN the concession to operate a pilot area for generating electricity from sea waves to Enondas - Energia das Ondas. S.A., which is 100% owned by REN.

REN also operates in the telecommunications business via RENTELECOM, which includes a range of services, such as infrastructure, managed services and consultancy.

Year founded


Served area




Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022
Assets N/A 5,248,658,000.00 5,588,516,000.00
Noncurrent Assets N/A 4,736,611,000.00 4,732,567,000.00
Property Plant And Equipment N/A 127,119,000.00 119,551,000.00
Goodwill N/A 5,367,000.00 4,757,000.00
Intangible Assets Other Than Goodwill N/A 4,130,562,000.00 4,123,069,000.00
Investment Accounted For Using Equity Method N/A 158,845,000.00 169,283,000.00
Deferred Tax Assets N/A 92,575,000.00 96,673,000.00
Other Noncurrent Financial Assets N/A 102,000.00 137,000.00
Noncurrent Investments In Equity Instruments Designated At Fair Value Through Other Comprehensive Income N/A 150,850,000.00 162,724,000.00
Noncurrent Derivative Financial Assets N/A 25,685,000.00 19,347,000.00
Current Assets N/A 512,048,000.00 855,949,000.00
Cash and cash equivalents N/A 61,499,000.00 398,759,000.00
Cash N/A 0.00 0.00
Cash Equivalents N/A 61,499,000.00 398,759,000.00
Current Derivative Financial Assets N/A 0.00 474,000.00
Equity And Liabilities N/A 5,248,658,000.00 5,588,516,000.00
Equity 1,446,144,000.00 1,407,700,000.00 1,409,830,000.00
Issued Capital N/A 667,191,000.00 667,191,000.00
Share Premium N/A 116,809,000.00 116,809,000.00
Treasury Shares N/A 10,728,000.00 10,728,000.00
Other Reserves N/A 289,887,000.00 311,988,000.00
Liabilities N/A 3,840,958,000.00 4,178,686,000.00
Noncurrent Liabilities N/A 2,915,960,000.00 3,132,120,000.00
Noncurrent Provisions For Employee Benefits N/A 100,507,000.00 94,109,000.00
Other Longterm Provisions N/A 8,508,000.00 8,872,000.00
Deferred Tax Liabilities N/A 144,969,000.00 107,569,000.00
Noncurrent Derivative Financial Liabilities N/A 29,215,000.00 23,112,000.00
Longterm Borrowings N/A 2,260,875,000.00 2,390,852,000.00
Current Liabilities N/A 924,999,000.00 1,046,566,000.00
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A 562,557,000.00 375,221,000.00
Line item in (eur) 01.01.2020/
Revenue From Sale Of Goods 64,000.00 734,000.00
Revenue From Rendering Of Services 563,232,000.00 565,103,000.00
Revenue From Dividends 7,318,000.00 8,496,000.00
Services Expense 69,022,000.00 84,695,000.00
Employee Benefits Expense 55,529,000.00 56,108,000.00
Depreciation And Amortisation Expense 241,165,000.00 241,940,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss -87,000.00 1,313,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss -87,000.00 1,313,000.00
Profit Loss From Operating Activities 228,869,000.00 218,863,000.00
Finance Costs 59,637,000.00 54,356,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method 7,498,000.00 6,431,000.00
Income Tax Expense Continuing Operations 44,858,000.00 52,081,000.00
Profit (loss) 109,249,000.00 97,153,000.00
Profit Loss Attributable To Owners Of Parent 109,249,000.00 97,153,000.00
Profit Loss Attributable To Noncontrolling Interests 0.00 0.00
Line item in (eur) 01.01.2021 01.01.2022
Profit (loss) 109,249,000.00 97,153,000.00
Income Taxes Paid Refund Classified As Operating Activities 11,456,000.00 74,253,000.00
Other Inflows Outflows Of Cash Classified As Operating Activities -48,242,000.00 -61,427,000.00
Cash Flows From Used In Operating Activities 376,264,000.00 700,037,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities 13,985,000.00 4,840,000.00
Purchase Of Intangible Assets Classified As Investing Activities 156,631,000.00 196,762,000.00
Proceeds From Government Grants Classified As Investing Activities 34,747,000.00 28,533,000.00
Dividends Received Classified As Investing Activities 15,105,000.00 13,218,000.00
Cash Flows From Used In Investing Activities -120,544,000.00 -159,667,000.00
Proceeds From Borrowings Classified As Financing Activities 2,426,000,000.00 2,035,000,000.00
Repayments Of Borrowings Classified As Financing Activities 2,472,647,000.00 2,081,311,000.00
Payments Of Lease Liabilities Classified As Financing Activities 1,768,000.00 2,065,000.00
Dividends Paid Classified As Financing Activities 113,426,000.00 113,426,000.00
Interest Paid Classified As Financing Activities 53,169,000.00 39,725,000.00
Cash Flows From Used In Financing Activities -215,042,000.00 -201,556,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents -29,000.00 -1,224,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes 40,677,000.00 338,814,000.00
Cash and cash equivalents 61,499,000.00 398,759,000.00

Please note that some sums might not add up.

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