PROMIGAS Corporate Financial Results 4Q 2021
FINANCIAL STATEMENTS
PROMIGAS PROFIT AND LOSS
STATEMENT | Individual
Accumulated 2021 - Accumulated 2020
Revenue¹
▲ 7%
EBITDA
▲ 6%
Net Income
1%
1,639,732
1,535,590
1,390,950
1,309,776
1,149,048
1,137,490
Figures in COP
2021
2020
EBITDA for $1.4 Bn (111% Budget)
Increase in EBITDA generated mainly by higher revenues from
transportation and via the participation method due to the results of
our affiliated companies, partially mitigated by higher costs and
expenses, due to higher specialized advisory services related to the
foray into new businesses, online with our strategic plan, and to the
normalization of activities due to the end of the quarantine.
Net Income for $1.1 Bn (109% Budget)
As the final line of our financial statements, this item accumulates
the impact of the increase due to higher EBITDA, due to higher
financial income generated by the disbursement of loans to related
companies in the development of our corporate treasury
management and due to the higher income from financial assets due
to the update of operational and macroeconomic variables. The
foregoing was partially reduced by higher financial expenses due to a
higher average debt balance and higher CPI (40% of our debt is
indexed to this parameter, bonds in COP mainly), and higher current
income tax (lower tax benefit from the Legal stability due to lower
investments due to rescheduling, as a result of limitations generated
by covid-19 in our areas of influence).
1 Revenue: Operating Revenue+ Participation MethodView entire presentation