Cooperative district heating Economics of Thermo Bello Culemborg

Cooperative district heating Economics of Thermo Bello Culemborg, 12 th of January, 2018 Gerwin Verschuur This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 696084

Cost categories 2016 • • Energy cost DH Energy costs Gelderland Fabriek Personnel Incasso administration Machine costs Egalisation reserve Housing General costs • • • Depreciation costs Capital costs Corporation tax Total 92, 5 K Electricity and gas 6 K Wood chips 47, 5 K 4 K 17 K 25 K Machines and grid 5 K Machines and office 14 K Sales, office, insurance, bookkeeping 24 K 6 K Interest and bank costs 0 241 K This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 696084

Income categories 2016 • • Heat supply to houses Heat supply to utility buildings Heat supply to Gelderland Fabriek Electricity 20 solar panels Caetshage Total regular income • Connection 20 houses to the grid This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 696084 156 K 101, 5 K 13 K 1, 5 K 272 K 68, 5 K (4 K loss)

Profitability • • 2009 2010 2011 2012 2013 2014 2015 2016 Average profit since 2012 -6 K 0, 3 -27, 5 K 5, 6 K 25, 1 K 36, 3 K 27, 1 K 23, 3 K 23, 5 K Profit was necessary for debt repayment: 31 K per year This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 696084

Balance sheet 2016 Activa • Machines and installations • Stocks (work in progress) • Debtors • Liquid assets TOTAL 306 K 11 K 23 K 56 K 396 K This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 696084

Balance sheet 2016 Passiva • Equity shares • Equity • Egalisation reserve • Long term debt • Shortterm creditors • Security deposit • Accrued liabilities TOTAL 53 K 80 K 79 K 125 K 13, 5 K 25 20, 5 K 396 K This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 696084 Cooperative members Suppliers and tax authority Gelderland Fabriek

Contact Gerwin Verschuur gerwin@thermobello. nl www. thermobello. nl This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 696084