The UTE Board of Directors approved this Thursday balance sheet of the company corresponding to 2022. The numbers indicate that the public company ended the year with profits of $6,663 million, equivalent to about $162 millionas reported to The Observerthe president of the entity, Silvia Emaldi.
In 2021 the benefits had amounted to $17,262 million, equivalent to about US$396 million; largely due to record energy sales abroad that accounted for 80% of the profits on that occasion.
The result for 2022 indicates a return on equity (ROE) that was 4.95%. If the bonuses granted to customers through different plans ($4,125 million) are taken into account for the calculation, that record is 7.94%.
More sales to the domestic market
Energy sales to the domestic market totaled $66.230 million (about US$1.610 million). This implied an average production growth of 5.4% measured in gigawatts/hour compared to 2021.
By sectors, energy sales in the Residential segment grew 4.3%; General (SMEs) 8.3%; Medium and Large consumers 6.6%, and in Public Lighting it fell 4.7%. In the latter case, the loss is largely associated with the installation of led lights.
For his part, energy exports to the region (mainly to Argentina) totaled US$ 163 million. In national currency, revenues for this concept totaled $6,730 million, and were less than a third of what was registered in 2021, when placements had been record due to million-dollar purchases from Brazil, which experienced a severe water deficit in the second half of that year. anus.
selling costs
The drought led to a greater use of fuels for the ignition of the thermal park, first between January and April, and then between October and December of last year.
In 2022, UTE disbursed $9,217 million (US$224 million) for this concept. It is worth mentioning that in the first quarter of last year the price of oil also rose internationally, and in particular diesel, as a result of the war in Ukraine.
Debts
At the end of 2022, UTE had a current liability of $24,252 million.
The financial debt structure profile was 61% in local currency and 39% in foreign currency.
Contribution to general income
Last year, UTE transferred to General Revenue the sum of $5,000 million (US$122 million), as an additional contribution for the year 2021. This year the contribution to the State Fund is expected to be about $85 million.
