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Eskom financial statements 2018. And incorporate full and meaningful disclosure in line with Eskoms reporting philosophy. It spent R65 billion on diesel-generated power to minimise the magnitude of load-shedding. Eskom suffered a net loss of R23bn in 2018 compared with a R09bn profit the previous year.
The financial year ended on 31 March 2018 so one could not expect major changes to have been made to the financial situation by the new board and the contents of the 2018 financial statements. The audited financial statements of the group and Eskom as at and for the year ended 31 March 2020 are available for inspection at the. Eskom releases financial results profit declines by 89.
Integrated results 2018. The subsidy has been increasing by inflation while own revenue has been on the decline due to the lack of maintenance vandalism and theft of assets and the open nature of the rail system. Eskoms debt ratio stood at 08 at the end of the 201819 financial year up from 077 at the end of the 201718 financial year meaning 80 of its assets are funded by creditors.
We want to ensure that our integrated report continues to provide relevant information. Eskom reported a net loss after tax of R21bn for 201819 as compared to R23bn the previous year. The financial statements have been audited in compliance with section 30 of the Companies Act and approved by the board of directors board on 28 October 2020.
We are pleased to present our integrated results for the year ended 31 March 2020. Eskom explain its financial statements to Parliament Link to. Statistical information is also provided for information.
Integrated Results 2018 including the Annual Financial Statements. The financial statements are based on appropriate accounting policies and supported by reasonable and prudent judgements and. Eskom released its financial results on 23 July 2018 six months after the appointment of the new Eskom board under the chairmanship of Jabu Mabuza.
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