Click here to close now.




















Welcome!

Microsoft Cloud Authors: Eric Aarrestad, Greg O'Connor, Liz McMillan, Aleksei Gavrilenko, Elizabeth White

News Feed Item

Pampa Energia S.A. announces the results for the nine-month period ended on September 30th, 2012

BUENOS AIRES, Argentina, Nov. 19, 2012 /PRNewswire/ -- Pampa Energia S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), the largest integrated electricity company in Argentina that, through its subsidiaries, participates in the generation, transmission and distribution of electricity, announces the results for the nine-month period ended on September 30th, 2012. All figures are stated in Argentine Pesos and have been prepared in accordance with International Financial Reporting Standards.

Highlights for the nine-month period of 2012

Consolidated net sales of AR$5,758.7 million(1), 30.9% greater than the AR$4,400.2 million for the same period of 2011, mainly due to increases of 30.9% (AR$683.8 million) in generation, 29.0% (AR$630.4 million) in distribution, and AR$107.7 million in holding and others.

Adjusted Consolidated EBITDA(2) of AR$405.9 million, 45.0% lower than for the same period of 2011, mainly due to decreases of 56.5% (AR$39.7 million) in transmission and of 90.9% (AR$447.8 million) in distribution, which were partially offset by increases of 64.3% (AR$119.4 million) in generation and a higher gain in holding and others (AR$36.4 million).

Consolidated loss under IFRS of AR$646.4 million, of which AR$381.4 are attributable to the owners of the Company, compared to the gain of AR$44.5 million attributable to the owners of the Company for the same period of 2011, mainly due to higher losses in our transmission segment (AR$10.2 million), distribution (AR$495.5 million), partially offset by minor losses in our generation segment (AR$29.6 million) and higher gains in holding and others segment (AR$50.1 million).

Highlights for the third quarter of 2012(3)

Consolidated net sales of AR$2,102.1 million, 27.8% greater than the AR$1,644.9 million for the same period of 2011, mainly due to increases of 33.3% (AR$282.3 million) in generation, 19.8% (AR$157.1 million) in distribution, and AR$35.5 million in holding and others.

Adjusted Consolidated EBITDA of AR$36.2 million, 86.1% lower than for the same period of 2011, mainly due to decreases of 66.1% (AR$18.0 million) in transmission and of AR$249.1 million in distribution, which were partially offset by increases of 47.8% (AR$25.8 million) in generation and a higher gain in holding and others (AR$17.4 million).

Consolidated net loss under IFRS of AR$346.5 million, of which AR$233.6 are attributable to the owners of the Company, in comparison to a net loss of AR$87.8 million attributable to the owners of the Company for the same period of 2011, mainly due to losses in our generation segment (AR$87.3 million), transmission (AR$8.1 million), distribution (AR$178.5 million), partially offset by a net profit in our holding and others (AR$40.2 million).

(1) Under the International Financial Reporting Standards ('IFRS'), we no longer consolidate the Transmission segment, and our net income in said segment is shown in the line 'Results for participation in joint businesses'. For more information, please refer to section 4 of the Earnings Release.

(2) Adjusted Consolidated EBITDA represents the consolidated earnings before financial results, net, income taxes, depreciation, amortization, reserve directors options, other income and expenses, net, and minority interest, including PUREE proceeds and other collections, impairments and other adjustments related to IFRS. For more information, please refer to section 4 of the Earnings Release.

(3) The financial information presented in this document for the quarters ended on September 30, 2012 and of 2011 are based on unaudited financial statements prepared according to the IFRS accounting standards in force in Argentina corresponding to the nine-month periods ended on September 30, 2012 and of 2011, and the six-month periods ended on June 30, 2012 and of 2011.

Consolidated Balance Sheet

(As of September 30, 2012 and December 31, 2011, in millions of Argentine Pesos)


As of 09.30.12


As of 12.31.11

ASSETS




Property, plant and equipment

5,920.1


5,847.5

Intangible assets

1,704.5


1,683.0

Biological assets

1.5


1.4

Participation in joint businesses

203.8


222.2

Participation in associates

128.2


130.3

Financial assets at redeemed cost

3.2


5.5

Financial assets with a results changing fair value

250.5


548.2

Deferred tax assets

79.8


116.6

Trade receivable and other credits

457.2


363.6

Total non-current assets

8,748.8


8,918.3





Inventories

105.6


60.4

Biological assets

0.4


0.1

Assets on construction

65.6


45.5

Trade receivable and other credits

1,418.0


1,649.2

Financial assets with a results changing fair value

111.7


70.5

Derivative financial instruments assets

2.5


1.3

Investments at redeemed cost

2.1


2.2

Cash and cash equivalents

284.6


345.1

Total current assets

1,990.5


2,174.3





Assets classified as held for sale

111.4


990.0





Total assets

10,850.6


12,082.7






As of 09.30.12


As of 12.31.11

EQUITY




Share capital

1,314.3


1,314.3

Share premium

1,018.4


1,536.8

Director's options reserve

248.2


241.5

Legal reserve

-


27.4

Retained earnings

(516.1)


(680.6)

Equity attributable to owners of the parent

2,064.7


2,439.4





Non-controlling interests

682.5


1,334.9





Total equity

2,747.2


3,774.2





LIABILITIES




Accounts payable and other liabilities

1,787.6


1,428.3

Borrowings

2,114.9


2,487.7

Deferred revenues

211.1


129.3

Salaries and social security payable

24.8


23.6

Defined benefit plan obligations

121.6


110.4

Deferred tax liabilities

681.8


849.2

Tax payable

58.6


45.7

Provisions

79.5


70.0

Total non-current liabilities

5,079.8


5,144.1





Accounts payable and other liabilities

1,521.6


1,241.0

Borrowings

893.8


893.8

Deferred income

7.9


-

Salaries and social security payable

369.3


324.9

Defined benefit plan obligations

23.3


14.9

Tax payable

196.5


217.6

Provisions

11.0


11.4

Total current liabilities

3,023.5


2,703.5





Liabilities classified as held for sale

-


460.8





Total liabilities

8,103.4


8,308.5





Total liabilities and equity

10,850.6


12,082.7



Consolidated Income Statement

(For the nine and three-month period ended on September 30, 2012, and September 30, 2011, in millions of Argentine Pesos)



9-Month Period


3rd Quarter



2012


2011


2012


2011

Sales revenue


5,758.7


4,400.2


2,102.1


1,644.9

Cost of sales


(5,310.8)


(3,842.6)


(1,995.4)


(1,458.8)

Gross profit


447.9


557.6


106.6


186.1










Selling expenses


(365.7)


(230.7)


(139.6)


(84.8)

Administrative expenses


(354.2)


(295.0)


(129.7)


(104.8)

Other operating income


181.7


101.0


28.7


16.4

Other operating expenses


(66.0)


(60.5)


(23.1)


(12.4)

Results for participation in joint businesses


(18.4)


(8.3)


(8.1)


(3.1)

Results for participation in associates


(2.1)


(4.3)


(1.9)


(2.8)

Impairment of property, plant and equipment


(108.3)


-


(108.3)


-

Impairment of intangible assets


(5.3)


-


-


-

Gain for acquisition of companies


-


502.0


-


-

Operating income


(290.3)


561.8


(275.3)


(5.3)










Financial income


103.9


55.6


36.7


18.0

Financial costs


(401.3)


(345.4)


(114.4)


(125.9)

Other financial results


(151.8)


(92.2)


(41.4)


(25.6)

Financial results, net


(449.3)


(382.0)


(119.1)


(133.5)










Profit before tax


(739.5)


179.8


(394.4)


(138.9)










Income tax and minimum expected profit tax


57.1


(58.6)


52.4


40.9










Net income for continuing operations


(682.5)


121.2


(342.0)


(98.0)










Discontinued operations


36.1


26.9


(4.5)


6.1










Total comprehensive income for the period


(646.4)


148.1


(346.5)


(91.9)










Attributable to:









Owners of the Company


(381.4)


44.5


(233.6)


(87.8)

Non-controlling interests


(265.0)


103.6


(112.9)


(4.0)










Total comprehensive income for the period attributable to the owners of the Company:









Basic income for continuing operations per share (AR$ per share)


(0.3177)


0.0134


-


-

Diluted income for continuing operations per share (AR$ per share)


(0.3177)


0.0158


-


-










Basic income for discontinued operations per share (AR$ per share)


0.0275


0.0205


-


-

Diluted income for discontinued operations per share (AR$ per share)


0.0275


0.0177


-


-



For the full version of this Results Report, please visit Pampa's Investor Relations website: www.pampaenergia.com/ir.

Information about the Conference Call

There will be a conference call to discuss Pampa and Edenor's third quarter 2012 results on Wednesday, November 21, 2012 at 10:00 a.m. New York Time / 12:00 p.m. Buenos Aires Time. Mr. Ricardo Torres, Chief Executive Officer of Pampa and Chairman of Edenor, will be presenting for Pampa Energia S.A. For those interested in participating, please dial 0800-444-2930 in Argentina, (877) 317-6776 in the United States or +1 (412) 317-6776 from any other country. Participants of the conference call should use the identification password Pampa Energia / Edenor and dial in five minutes before the scheduled time. There will also be a live audio webcast of the conference at www.pampaenergia.com/ir.

Besides the access to the audio file in the website, a replay of the Conference Call through telephone is available, dialing (877) 344-7529 in the United States or +1 (412) 317-0088 from any other country. The conference's identification code is 10020022. This material will be available one hour after the finalization of the Conference Call and until November 29, 2012.

For further information, contact:

Ricardo Torres - Chief Executive Officer
Mariano Batistella – Special Projects Manager and Investor Relations Officer
3302 Ortiz de Ocampo, Building #4
(C1425DSR) Ciudad Autonoma de Buenos Aires, Argentina
Phone: +54 (11) 4809 9500
http://www.pampaenergia.com/ir
[email protected]

SOURCE Pampa Energia S.A.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect their organization.
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
Akana has released Envision, an enhanced API analytics platform that helps enterprises mine critical insights across their digital eco-systems, understand their customers and partners and offer value-added personalized services. “In today’s digital economy, data-driven insights are proving to be a key differentiator for businesses. Understanding the data that is being tunneled through their APIs and how it can be used to optimize their business and operations is of paramount importance,” said Alistair Farquharson, CTO of Akana.
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Payment...
"Optimal Design is a technology integration and product development firm that specializes in connecting devices to the cloud," stated Joe Wascow, Co-Founder & CMO of Optimal Design, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unp...
Electric Cloud and Arynga have announced a product integration partnership that will bring Continuous Delivery solutions to the automotive Internet-of-Things (IoT) market. The joint solution will help automotive manufacturers, OEMs and system integrators adopt DevOps automation and Continuous Delivery practices that reduce software build and release cycle times within the complex and specific parameters of embedded and IoT software systems.
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.