MAIN CHARACTERISTICS OF THE PROFITABILITY OF HUNGARIOAN DISTRICT HEAT SUPPLIERS BASED ON THE 2009-2017 FINANCIAL STATEMENTS

Gábor Béla Süveges () and Zoltán Musinszki
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Gábor Béla Süveges: Institute of Accounting and Finance, Faculty of Economics; University of Miskolc, Miskolc, Hungary
Zoltán Musinszki: Institute of Accounting and Finance, Faculty of Economics; University of Miskolc, Miskolc, Hungary

Annals of Faculty of Economics, 2019, vol. 1, issue 2, 434-443

Abstract: In Hungary, district heating supplies 15% of the population which accounts for 1.5 million people. This activity is carried out by 89 companies. There are differences in the ownership background, in the technical structure, in the activities carried out and in the number of supplied consumers of district heat suppliers. The current study describes some specificities of the income statement of the Hungarian district heating companies. In the first part of the study, the methodology exploring profitability is described. Then in the second part, the study describes the main features of the income statement of the heating suppliers. Using data derived from the accounts of the Hungarian district heat suppliers and from technical and economic pieces of information, nine years (2009-2017) were analyzed. The empirical analysis using the gathered data aims at revealing how the operational and regulation characteristics of the district heat sector are reflected in the income statement and how legislative changes have affected profitability indicators.

Keywords: District heat supply; District heat producers; District heat suppliers; income statement; profitability (search for similar items in EconPapers)
JEL-codes: K32 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2019:i:2:p:434-443

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