CEZ GROUP Consolidated Balance Sheet in accordance with IFRS (in CZK Millions)
k 31.12.2007
k 31.3.2008
479,091 234,297 244,794 6,983 25,388
477,473 238,576 238,897 6,756 29,867
277,165
275,520
248 16,126 19,060 482
236 32,568 18,500 466
35,916
51,770
313,081
327,290
Cash and cash equivalents Receivables, net Income tax receivable Materials and supplies, net Fossil fuel stocks Emission rights Other financial assets, net Other current assets
12,429 23,880 79 4,484 857 355 10,585 5,192
10,492 25,370 84 4,591 1,183 256 12,366 6,803
Total current assets
57,861
61,145
370,942
388,435
59,221 (55,972) 168,103
59,221 (62,820) 182,518
171,352
178,919
12,874
12,249
184,226
191,168
51,984
45,954
39,191 16,369
39,335 16,489
107,544
101,778
17,153
21,488
18,048 3,226 25,738 5,969 9,038
26,771 7,444 27,299 3,549 8,938
62,019
74,001
370,942
388,435
Assets Property, plant and equipment: Plant in service Less accumulated provision for depreciation Net plant in service Nuclear fuel, at amortized cost Construction work in progress Total property, plant and equipment Other non-current assets: Investment in associates Investments and other financial assets, net Intangible assets, net Deferred tax assets Total other non-current assets Total non-current assets Current assets:
Total assets Equity and liabilities Equity: Equity attributable to equity holders of the parent: Stated capital Treasury shares Retained earnings and other reserves Total equity attributable to equity holders of the parent Minority interests Total equity Long-term liabilities: Long-term debt, net of current portion Accumulated provision for nuclear decommissioning and fuel storage Other long-term liabilities Total long-term liabilities Deferred tax liability Current liabilities: Short-term loans Current portion of long-term debt Trade and other payables Income tax payable Accrued liabilities Total current liabilities Total equity and liabilities
CEZ GROUP Consolidated Statement of Income in accordance with IFRS (in CZK Millions)
1-3/2007
1-3/2008
Revenues: Sales of electricity Gains and losses from electricity derivative trading, net Heat sales and other revenues Total revenues
40,967
43,433
537 2,620
1,888 3,284
44,124
48,605
(4,061) (11,867) (705) (5,423) (3,536) (1,471) 493 (1,236)
(3,995) (10,253) (663) (5,525) (3,674) (1,070) 41 (1,745)
(27,806)
(26,884)
16,318
21,721
Operating expenses: Fuel Purchased power and related services Repairs and maintenance Depreciation and amortization Salaries and wages Materials and supplies Emission rights, net Other operating expenses Total expenses Income before other income (expenses) and income taxes Other income (expenses): Interest on debt, net of capitalized interest Interest on nuclear and other provisions Interest income Foreign exchange rate gains (losses), net Gain (Loss) on sale of subsidiaries and associates Negative goodwill write-off Other income (expenses), net Income from associates Total other income (expenses)
(595) (481) 267 (29)
(662) (513) 366 (628)
730 19
10 (441) (10)
(89)
(1,878)
Income before income taxes
16,229
19,843
Income taxes
(3,252)
(4,117)
Net income
12,977
15,726
12,681 296
15,515 211
Net income attributable to: Equity holders of the parent Minority interests
CEZ GROUP Consolidated Statement of Changes in Equity in accordance with IFRS (in CZK Millions) Attributable to Equity Holders of the Parent Stated Capital December 31, 2006 Change in fair value of available-for-sale financial assets recognized in equity Available-for-sale financial assets removed from equity Change in fair value of cash flow hedges recognized in equity
Treasury Shares
59,221
Translation Differences
(1,943)
December 31, 2007 Change in fair value of available-for-sale financial assets recognized in equity Available-for-sale financial assets removed from equity Change in fair value of cash flow hedges recognized in equity Cash flow hedges removed from equity Translation differences Share on equity movements of associates Other movements Gain and loss recorded directly to equity Net Income Total gains and losses Acquisition of treasury shares Sale of treasury shares Share options Transfer of exercised and forfeited share options within equity March 31, 2008
1,381
Retained Earnings 137,579
1
Cash flow hedges removed from equity Translation differences Share on equity movements of associates Other movements Gain and loss recorded directly to equity Net Income Total gains and losses Acquisition of treasury shares Sale of treasury shares Share options Transfer of exercised and forfeited share options within equity Change in minority due to acquisitions March 31, 2007
(1,301)
Fair Value and Other Reserves
(141)
(141)
(141)
-
610
(409)
-
(137) 368
610
(409)
12 12,681 12,693 (244)
9 (90) 891 3,225
90 150,118 167,174
213 12,681 12,894 (137) 124 9 207,827 171,352
271 10 281 296 577
(300) 12,993 12,874
2 881 (11) 33 494 12,977 13,471 (137) 124 9 (300) 220,820 184,226
1
1
(61)
(61)
(61)
2,602
(649) (1,857)
-
-
(1,857)
1,893
-
(8,434) 1,586
(1,857)
1,893
(1) (13) (14) 15,515 15,501 (1,134)
12
(4,153)
2 610 (11) 23
1
2,602
(62,820)
1 (271)
-
59,221
207,653
(271)
(11) 23
(691) (2,296)
12,716
Total Equity
(271)
2
(1,712) (55,972)
194,937 1
610
59,221 59,221
Minority Interests
Total
(169) 4,961
169 181,710
(649) (1,857) (1) (13) 22 15,515 15,537 (8,434) 452 12 178,919
2,602
(833) (3) (836) 211 (625)
12,249
(649) (2,690) (1) (16) (814) 15,726 14,912 (8,434) 452 12 191,168
CEZ GROUP Consolidated Statement of Cash Flows in accordance with IFRS (in CZK Millions) 1-3/2007
1-3/2008
16,229
19,843
Operating activities: Income before income taxes Adjustments to reconcile income before income taxes to net cash provided by operating activities: Depreciation, amortization and asset write-offs Amortization of nuclear fuel (Gain) loss on fixed assets retirements, net Foreign exchange rate losses (gains), net Interest expense, interest income and dividends income, net Provision for nuclear decommissioning and fuel storage Valuation allowances, other provisions and other adjustments Income from associates
5,423 650 21 29 263
5,525 768 (35) 628 289
112
65
(594)
(606)
(19)
10
Changes in assets and liabilities: Receivables Materials and supplies Fossil fuel stocks Other current assets Trade and other payables Accrued liabilities
(2,135) (739) (384) (3,732) 2,627 820
(3,237) (203) (340) (1,741) 3,490 (189)
Cash generated from operations
18,571
24,267
Income taxes paid Interest paid, net of capitalized interest Interest received Dividends received Net cash provided by operating activities
(882) (324) 315 74 17,754
(2,533) (75) 231 21,890
Investing activities: Acquisition of subsidiaries and associates, net of cash acquired Proceeds from disposal of subsidiaries and associates, net of cash disposed of Additions to property, plant and equipment and other non-current assets, including capitalized interest Loans made Proceeds from sales of fixed assets Change in decommissioning and other restricted funds Repayments of loans
(5,613) (2) 292 (3,147) 98
(8,920) (15,764) 320 151 8
Total cash used in investing activities
(8,504)
(24,150)
Proceeds from borrowings Payments of borrowings Proceeds from other long-term liabilities Payments of other long-term liabilities Dividends paid to Company´s shareholders Dividends paid to minority interests / Contributions received from minority interests, net (Acquisition) sale of treasury shares, net
253 (2,291) 70 (72) 53
85,336 (76,664) 268 (85) 3
(1) (13)
(7,982)
Total cash provided by (used in) financing activities
(2,001)
(132) -
(17) 72
Financing activities:
Net effect of currency translation in cash Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period
876
425
(553)
7,674 30,932 38,606
(1,937) 12,429 10,492
Supplementary cash flow information Total cash paid for interest
490
318
Struktura konsolidačního celku Skupina ČEZ k 31. 3. 2008 Obchodní firma
IČ
Sídlo
Mateřská společnost: ČEZ, a. s.
45274649
Praha 4
Dceřiné podniky: CEZ Bulgaria EAD CEZ Ciepło Polska sp. z o.o. CEZ Deutschland GmbH CEZ Distributie S.A. CEZ Elektro Bulgaria AD CEZ FINANCE B.V. CEZ Hungary Ltd. CEZ Chorzow B.V. CEZ Laboratories Bulgaria EOOD CEZ MH B.V. CEZ Poland Distribution B.V. CEZ Polska sp. z o.o. CEZ Razpredelenie Bulgaria AD CEZ Romania S.R.L. CEZ Rus ooo CEZ Servicii S.A. CEZ Silesia B.V. CEZ Slovensko, s.r.o. CEZ Srbija d.o.o. CEZ Trade Bulgaria EAD CEZ Trade Polska sp. z o.o. CEZ Trade Romania S.R.L. CEZ Ukraine CJSC CEZ Vanzare S.A. ČEZ Distribuce, a. s. ČEZ Distribuční služby, s.r.o. ČEZ Energetické produkty, s.r.o. ČEZ Energetické služby, s.r.o. ČEZ Logistika, s.r.o. ČEZ Měření, s.r.o. ČEZ Obnovitelné zdroje, s.r.o. ČEZ Prodej, s.r.o. ČEZ Správa majetku, s.r.o. ČEZ Teplárenská, a.s. ČEZ Zákaznické služby, s.r.o. ČEZData, s.r.o. ČEZnet, a.s. Elektrociepłownia Chorzów ELCHO sp. z o.o. Elektrownia Skawina S.A. Energetika Vítkovice, a.s. I & C Energo a.s. NERS d.o.o. New Kosovo Energy L.L.C. PPC Úžín, a.s. SD - 1.strojírenská, a.s. SD - Autodoprava, a.s.
27232425 26871823 28255933 27804721 26840065 25938878 25938924 27232433 26206803 27309941 26376547 27151417 26470411 25854712 49433431 27198367 25437127 25028197
Bulharsko, Sofie Polsko, Varšava Německo, Mnichov Rumunsko, Craiova Bulharsko, Sofia Nizozemí, Amsterdam Maďarsko, Budapešť Nizozemí, Rotterdam Bulharsko, Sofia Nizozemí, Rotterdam Nizozemí, Rotterdam Polsko, Varšava Bulharsko, Sofia Rumunsko, Bukurešť Rusko Rumunsko, Pitesti Nizozemí, Rotterdam Slovensko, Bratislava Srbsko, Beograd Bulharsko, Pernik Polsko, Varšava Rumunsko, Bukurešť Ukrajina, Kyjev Rumunsko, Craiova Děčín Ostrava - Moravská Ostrava Hostivice Ostrava - Vítkovice Ostrava - Moravská Ostrava Hradec Králové Hradec Králové Praha 4 Děčín Chomutov Plzeň Plzeň Praha 2 Polsko, Chorzów Polsko, Skawina Ostrava - Vítkovice Třebíč Bosna a Hercegovina, Gacko Kosovo, Priština Praha 3 Bílina Bílina
Obchodní firma SD - Kolejová doprava, a.s. SD - Rekultivace, a.s. Severočeské doly a.s. STE - obchodní služby spol. s r.o. v likvidaci ŠKODA PRAHA a.s. ŠKODA PRAHA Invest s.r.o. TEC Varna EAD Transenergo International N.V. Ústav jaderného výzkumu Řež a.s. ZAO TransEnergo
IČ 25438107 27329011 49901982 49826182 00128201 27257517 46356088 -
Sídlo Kadaň Kadaň Chomutov Praha 2 Praha 4 Praha 4 Bulharsko, Ezerovo Nizozemí, Rotterdam Husinec - Řež Rusko, Moskva
Přidružené podniky: Coal Energy, a.s. LOMY MOŘINA spol. s r.o.
26485079 61465569
Praha 1 Mořina
Metody konsolidace Mateřská společnost a dceřiné podniky: Přidružené podniky:
Plná metoda konsolidace Ekvivalenční metoda konsolidace
