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Key figures

Key figures of TVO Group
TVO Group (IFRS) (MEUR) 2023 2022 2021 2020 2019 2018
Turnover 876 358 299 275 254 350
Profit/loss for the financial year 164 -48 -20 0 87 -18
Research expenses 14 10 12 12 15 16
Investments 461 312 578 56 369 181
Equity 2,252 2,218 2,063 2,043 1,819 1,745
Subordinated shareholder loans (hybrid equity)(included in the former) 2) 4) 929 929 929 929 679 679
Non-current and current interest-bearing liabilities (excluding loan from VYR) 1) 4,676 4,831 4,337 4,281 4,370 4,141
Loan from VYR 728 651 711 716 591 666
Provision related to nuclear waste management 1,289 1,294 1,368 1,030 1,041 952
Balance sheet total 9,229 9,171 8,662 8,181 7,942 7,662
Equity ratio (%) 3) 31,2 30.7 31.3 31.7 28.8 28.9
Average number of personnel 1,057 1,031 1,004 984 943 872

1) The Finnish State Nuclear Waste Management Fund (VYR)

2) Subordinated loans

3) Equity ratio = 100 x ((equity + loans from equity holders of the company) / (balance sheet total - provision related to nuclear waste management -loan from the Finnish State Nuclear Waste Management Fund))

4) During the accounting period 2012, the terms of the loans of the equity holders of the Company have been changed and the loans are included in equity according to IFRS standards.



CONSOLIDATED ADJUSTED PROFIT/LOSS FOR THE FINANCIAL YEAR (MEUR)
2023 2022 2021 2020 2019 2018
Profit/loss for the financial year (IFRS) 164 -48 -20 0 87 -18
The impact of the nuclear waste management obligation 1) (profit -/loss +) -13 36 17 6 -80 22
Other IFRS adjustments -33 0 0 0 -1 -1
The impact of joint ventures 0 2 -1 3 -1 -1
Profit/loss before appropriations 118 -10 -4 9 5 2
Adjusted profit/loss for the financial year 118 -10 -4 9 5 2

1) Includes profit/loss effects from nuclear waste management according to IFRS standard.



2023 2022 2021 2020 2019 2018
TVO's share in the Finnish State Nuclear Waste Management Fund (VYR) (MEUR) 1,458 1,436 1,451 1,479 1,514 1,480
TVO's funding target obligation to the Finnish State Nuclear Waste Management Fund (MEUR) 1,525 1,458 1,436 1,451 1,471 1,506
The carrying value of TVO's share in the Finnish State Nuclear Waste Management Fund (non-current assets) (MEUR) 1,035 1,000 1,010 1,030 1,041 952

The difference between the funding target and the share in the Finnish State Nuclear Waste Management Fund at the end of each year is due to the funding target being completed by paying the nuclear waste management fee only during the first quarter of the following year.


Key Figures of Teollisuuden Voima Oyj

The parent company's financial statement has been prepared in accordance with the Finnish Accounting Standards (FAS).

TEOLLISUUDEN VOIMA OYJ (FAS) (MEUR)
2023 2022 2021 2020 2019 2018
Turnover 873 353 294 271 251 346
Profit/loss before appropriations 118 -10 -4 8 5 1
Fuel costs 111 70 61 64 65 72
Nuclear waste management costs 106 100 41 28 -5 58
Capital expenditure (depreciation and financial income and expenses) 266 37 38 34 39 53
Investments 449 339 220 52 278 177
Equity 864 864 861 861 857 857
Appropriations 299 181 193 197 193 187
Non-current and current interest-bearing liabilities (excluding loan from VYR and loans from equity holders of the company) 1) 4,610 4,798 4,277 4,180 4,282 4,070
Loans from equity holders of the company 2) 929 929 929 929 679 679
Loan from VYR 728 651 711 716 591 666
Balance sheet total 7,714 7,602 7,156 6,995 6,724 6,619
Equitty ratio(%) 3) 30 28.4 30.8 31.7 28.2 29.0
Average number of personnel 1,055 1,029 1,002 983 942 871

1) The Finnish State Nuclear Waste Management Fund (VYR)

2) Subordinated loans

3) Equity ratio % = 100 x ((equity + appropriations + loans from equity holders of the company) /
(balance sheet total - loan from the Finnish State Nuclear Waste Management Fund))



ELECTRICITY DELIVERED TO EQUITY HOLDERS OF THE COMPANY (GWh)
2023 2022 2021 2020 2019 2018
Olkiluoto 1 7,417 6,918 7,393 7,299 7,531 6,742
Olkiluoto 2 6,855 7,522 7,021 7,264 7,198 7,321
Olkiluoto 3 10,361 1,876 0 0 0 0
Total Olkiluoto 24,633 16,316 14,414 14,563 14,729 14,063
Meri-Pori 0 0 0 82 182 660
Total 24,633 16,316 14,414 14,645 14,911 14,723


CAPACITY FACTORS (%)
2023 2022 2021 2020 2019 2018
Olkiluoto 1 95,4 89.1 95.1 93.7 96.9 87.8
Olkiluoto 2 88,3 96.8 90.4 93.3 92.7 94.3
Olkiluoto 3 75,2 16.9 - - - -
Total capacity factor 86,3 67.6 92.8 93.5 94.8 91.1
TVO SHARE OF THE ELECTRICITY USED IN FINLAND (%) 30,8 19.9 16.8 18.1 17.3 16.9