CEZ GROUP Consolidated Balance Sheet in accordance with IFRS (in CZK Millions)
k 31.12.2006 k 30.6.2007 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
464,776 219,073 245,703 7,376 16,684
473,734 229,044 244,690 7,138 21,216
269,763
273,044
430 13,277 17,820 699
435 17,803 19,426 695
32,226
38,359
301,989
311,403
30,932 16,334 152 4,308 1,195 2,224 8,952 2,569
29,946 18,736 355 5,146 1,703 363 12,463 3,039
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: 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 Total current assets Total assets
66,666
71,751
368,655
383,154
59,221 -1,943 137,659
59,221 -15,254 147,637
194,937
191,604
12,716
14,111
207,653
205,715
41,956
39,499
36,683 15,543
36,992 16,349
94,182
92,840
20,017
26,139
121 6,365 22,905 6,222 11,190
412 7,579 35,670 4,384 10,415
46,803
58,460
368,655
383,154
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)
1-6/2006
4-6/2006
1-6/2007
4-6/2007
69,007
31,323
77,310
36,343
-137 5,538
-18 2,450
965 4,887
428 2,267
74,408
33,755
83,162
39,038
-5,249 -21,717 -1,844 -10,950 -6,581 -2,172 516 -3,031
-2,592 -9,847 -1,172 -5,368 -3,696 -1,234 -99 -1,189
-7,856 -22,712 -1,928 -10,826 -6,991 -2,885 550 -3,186
-3,795 -10,845 -1,223 -5,403 -3,455 -1,414 57 -1,950
-51,028
-25,197
-55,834
-28,028
23,380
8,558
27,328
11,010
-869 -946 290 489
-449 -473 191 322
-1,180 -962 710 -32
-585 -481 443 -3
-237
-237
125
125
-467 65
78 8
1,140 28
410 9
-1,675
-560
-171
-82
Income before income taxes
21,705
7,998
27,157
10,928
Income taxes
-5,137
-1,801
-6,142
-2,890
Net income
16,568
6,197
21,015
8,038
15,904 664
5,915 282
20,499 516
7,818 220
Revenues: Sales of electricity Gains and losses from electricity derivative trading, net Heat sales and other revenues Total revenues 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)
Net income attributable to: Equity holders of the parent Minority interests
Consolidated Statement of Changes in Equityin accordance with IFRS (in CZK Millions) Attributable to Equity Holders of the Parent Stated Capital December 31, 2005 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
59,221
Treasury Shares -984
Cash flow hedges removed from equity Translation differences Other movements Gain and loss recorded directly to equity Net Income Total gains and losses Acquisition of treasury shares Sale of treasury shares Dividends declared to shareholders of the parent Share options Transfer of exercised and forfeited share options within equity Change in minority due to acquisitions June 30, 2006 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
-789
Fair Value and Other Reserves 588
Retained Earnings 118,637
14,616
191,289
-60
-60
-11
-71
46
46
1
47
137
137
7
144
134
134 -42 -2
-15 7
134 -57 5
-42
257
-42
257
-899 204
-2 15,904 15,902 -100 -8,853
154
-1,679 -1,943
-831 -1,301
Total Equity
176,673
-2
59,221 59,221
Minority Interests
Total
-42
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 Dividends declared to shareholders of the parent Share options Transfer of exercised and forfeited share options within equity Change in minority due to acquisitions June 30, 2007
Translation Differences
-229
229
770 1,381
125,815 137,579
213 15,904 16,117 -899 104
-11 664 653
-8,853 154
183,296 194,937
-8,853 154
-2,664 12,605 12,716
-1
-1
-272
-272
-272
-624
-624
-624
1
1 2,402 -18
-18
1,155 -1
2,402
-896
2,402
-896
-13,679 368
-18 20,499 20,481 -244 -11,785
20
-15,254
1,101
-2,664 195,901 207,653
-1
2,402
59,221
202 16,568 16,770 -899 104
-90
90
415
146,121
1,488 20,499 21,987 -13,679 124
1,154 516 1,670
-11,785 20
191,604
1 3,557 -18 -1 2,642 21,015 23,657 -13,679 124 -11,785 20
-275 14,111
-275 205,715
CEZ GROUP Consolidated Statement of Cash Flows in accordance with IFRS (in CZK Millions) 1-6/2006
1-6/2007
21,705
27,157
10,954 1,667 103 -489 551
10,832 1,382 -251 32 387
105
218
94
-633
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
-65
-28
Changes in assets and liabilities: Receivables Materials and supplies Fossil fuel stocks Other current assets Trade and other payables Accrued liabilities
-1,624 -832 146 -2,101 -1,216 -262
-2,016 -983 -470 -3,970 3,387 455
Cash generated from operations
28,736
35,499
Income taxes paid Interest paid, net of capitalized interest Interest received Dividends received
-2,390 -1,047 287 36
-2,233 -1,122 728 85
Net cash provided by operating activities
25,622
32,957
-15,129
-2,434
352
375
-9,542 -2 1,176 -232 40
-13,328 -2 652 -4,127 118
-23,337
-18,746
20,465 -13,384 83 -194 29
1,106 -3,634 70 -155 48
-7 -795
21 -13,555
6,197
-16,099
-139
902
Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period
8,343 16,791
-986 30,932
Cash and cash equivalents at end of period
25,134
29,946
1,289
1,480
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 Total cash used in investing activities Financing activities: 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 Total cash provided by (used in) financing activities Net effect of currency translation in cash
Supplementary cash flow information Total cash paid for interest
Struktura konsolidačního celku Skupina ČEZ k 30. 6. 2007 Obchodní firma
IČ
Sídlo
1
Mateřská společnost: ČEZ, a. s.
45274649
Praha 4
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47
Dceřiné podniky: CEZ Bulgaria EAD CEZ Deutschland GmbH CEZ DISTRIBUTIE S.A. CEZ FINANCE B.V. CEZ Hungary Ltd. CEZ Chorzow B.V. CEZ Poland Distribution B.V. CEZ Polska Sp. z o.o. CEZ Romania S.R.L. CEZ SERVICII S.A. CEZ Silesia B.V. CEZ Trade Bulgaria EAD CEZ Trade Polska Sp. z o.o. CEZ Trade Romania S.R.L. CEZ VANZARE S.A. ČEZ Distribuce, a. s. ČEZ Distribuční služby, s.r.o. ČEZ ELECTRO BULGARIA AD ČEZ Laboratories Bulgaria EOOD ČEZ Logistika, s.r.o. ČEZ Měření, s.r.o. ČEZ Obnovitelné zdroje, s.r.o. ČEZ Prodej, s.r.o. ČEZ Slovensko, s.r.o. ČEZ Správa majetku, s.r.o. ČEZ Srbija d.o.o. ČEZ Ukraine CJSC ČEZ Zákaznické služby, s.r.o. ČEZData, s.r.o. ČEZnet, a.s. Elektrociepłownia Chorzów "ELCHO" Sp. z o.o. Elektrorazpredelenie Pleven EAD Elektrorazpredelenie Sofia Oblast EAD Elektrorazpredelenie Stolichno EAD Elektrownia Skawina S.A. Energetické opravny, a.s. Energetika Vítkovice, a.s. I & C Energo a.s. New Kosovo Energy L.L.C. Nove elektrane Republike Srpske d.o.o. PPC Úžín, a.s. SD - 1.strojírenská, a.s. SD - Autodoprava, a.s. SD - Kolejová doprava, a.s. Severočeská energetika, a.s. Severočeské doly a.s.
27232425 26871823 26840065 25938878 25938924 27232433 26206803 26376547 27151417 26470411 25040707 25854712 49433431 27198367 25437127 25028197 25438107 49903179 49901982
Bulharsko, Sofie Německo, Mnichov Rumunsko, Craiova Nizozemí, Amsterdam Maďarsko, Budapešť Nizozemí, Rotterdam Nizozemí, Rotterdam Polsko, Varšava Rumunsko, Bukurešť Rumunsko, Pitesti Nizozemí, Rotterdam Bulharsko, Pernik Polsko, Varšava Rumunsko, Bukurešť Rumunsko, Craiova Praha 2 Ostrava-Moravská Ostrava Bulharsko, Sofia Bulharsko, Sofia Ostrava-Moravská Ostrava Hradec Králové Hradec Králové Praha 2 Slovensko, Bratislava Děčín Srbsko, Bělehrad Ukrajina, Kyjev Plzeň Plzeň Praha 2 Polsko, Chorzów Bulharsko, Pleven Bulharsko, Sofia Bulharsko, Sofia Polsko, Skawina Kadaň Ostrava-Vítkovice Třebíč Kosovo, Priština Bosna a Hercegovina, Gacko Praha 3 Bílina Bílina Kadaň Děčín Chomutov
48 49 50 51 52 53 54 55 56 57 58
Severomoravská energetika, a. s. STE - obchodní služby spol. s r.o. v likvidaci Středočeská energetická a.s. ŠKODA PRAHA a.s. ŠKODA PRAHA Invest s.r.o. TEC Varna EAD Teplárenská, a.s. Ústav jaderného výzkumu Řež a.s. Východočeská energetika, a.s. ZAO TransEnergo Západočeská energetika, a.s.
Přidružené podniky: 59 Coal Energy, a.s. 60 KNAUF POČERADY, spol. s r.o. 61 LOMY MOŘINA spol. s r.o.
47675691 49826182 60193140 00128201 27257517 27309941 46356088 60108720 49790463
Ostrava Praha 2 Praha 2 Praha 6 Praha 6 Bulharsko, Ezerovo Most Husinec-Řež Hradec Králové Rusko, Moskva Plzeň
26485079 47780690 61465569
Praha 1 Počerady Mořina
Metody konsolidace Mateřská společnost a dceřiné podniky: Přidružené podniky:
Plná metoda konsolidace Ekvivalenční metoda konsolidace
