CEZ GROUP Consolidated Balance Sheet in accordance with IFRS (in CZK Millions)
k 31.12.2006
k 30.9.2007
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
464,776 219,073 245,703 7,376 16,684
474,155 233,293 240,862 7,038 23,635
269,763
271,535
430 13,277 17,820 699
238 17,425 18,801 912
32,226
37,376
301,989
308,911
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
30,932 16,334 152 4,308 1,195 2,224 8,952 2,569
10,993 20,560 3,529 5,132 1,438 454 6,971 4,236
Total current assets
66,666
53,313
368,655
362,224
59,221 -1,943 137,659
59,221 -39,200 154,772
194,937
174,793
12,716
13,267
207,653
188,060
41,956
44,898
36,683 15,543
37,126 15,543
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
94,182
97,567
20,017
29,000
121 6,365 22,905 6,222 11,190
10,049 3,657 24,392 12 9,487
46,803
47,597
368,655
362,224
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)
1-9/2006
7-9/2006
1-9/2007
7-9/2007
101,018
32,011
114,448
37,138
-451 7,912
-314 2,374
1,584 7,464
619 2,577
108,479
34,071
123,496
40,334
-8,084 -31,190 -3,214 -18,358 -10,089 -3,513 471 -4,561
-2,835 -9,473 -1,370 -7,408 -3,508 -1,341 -45 -1,530
-12,201 -33,125 -3,124 -16,198 -10,942 -4,452 304 -4,819
-4,345 -10,413 -1,196 -5,372 -3,951 -1,567 -246 -1,633
-78,538
-27,510
-84,557
-28,723
29,941
6,561
38,939
11,611
-1,511 -1,416 511 560
-642 -470 221 71
-1,773 -1,442 1,045 -100
-593 -480 335 -68
-225
129
501 74
12 0 968 9
1,716 30
4 0 576 2
-1,506
169
-395
-224
Income before income taxes
28,435
6,730
38,544
11,387
Income taxes
-6,416
-1,279
-8,860
-2,718
Net income
22,019
5,451
29,684
8,669
21,125 894
5,221 230
28,913 771
8,414 255
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
CEZ GROUP 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 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 Share options Transfer of exercised and forfeited share options within equity Change in minority due to acquisitions September 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
59,221
Treasury Shares -984
-789
Fair Value and Other Reserves 588
Retained Earnings
Minority Interests
Total
118,637
Total Equity
176,673
14,616
191,289
-80
-80
-17
-97
56
56
1
57
173
173
4
177
134
134 -71 -8 204 21,125 21,329 -899 129 -8,853 160
-71 -71
-2 281
-71
281
-899 303
-6 -6 21,125 21,119 -174 -8,853
160 -238
238
17 -4 1 894 895
134 -54 -12 205 22,019 22,224 -899 129 -8,853 160
59,221
-1,580
-860
791
130,967
188,539
-2,664 12,847
-2,664 201,386
59,221
-1,943
-1,301
1,381
137,579
194,937
12,716
207,653
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 Share options Transfer of exercised and forfeited share options within equity Change in minority due to acquisitions September 30, 2007
Translation Differences
-61
-61
-61
-270
-270
-270
244
244
244
34
34 270 -21 -1
270 -21 -1 270
-53
270
-53
-37,625 368
-22 28,913 28,891 -244 -11,783
32
59,221
-39,200
-1,031
-90
90
1,270
154,533
195 28,913 29,108 -37,625 124 -11,783 32
174,793
59 -1 58 771 829
-3
-275 13,267
34 329 -21 -2 253 29,684 29,937 -37,625 124 -11,786 32
-275 188,060
CEZ GROUP Consolidated Statement of Cash Flows in accordance with IFRS (in CZK Millions) 1-9/2006
1-9/2007
28,435
38,544
18,363 2,340 60 -560 934
16,204 2,061 -381 100 638
Provision for nuclear decommissioning and fuel storage
211
306
Valuation allowances, other provisions and other adjustments
665
-1,317
Income from associates
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
-74
-30
Changes in assets and liabilities: Receivables Materials and supplies Fossil fuel stocks Other current assets Trade and other payables Accrued liabilities
656 -973 -97 -3,731 2,502 -783
-4,972 -1,008 -240 283 2,509 1,201
Cash generated from operations
47,948
53,898
Income taxes paid Interest paid, net of capitalized interest Interest received Dividends received
-1,493 -1,205 490 120
-10,004 -1,318 1,043 105
Net cash provided by operating activities
45,860
43,724
-24,223
-2,429
3,279
574
-14,505 -32 1,236 -2,223 77
-21,502 -2 1,674 -3,232 115
-36,391
-24,802
29,457 -28,704 185 -236 -8,839
31,296 -21,190 207 -228 -11,658
-42 -770
18 -37,501
-8,949
-39,056
-153
195
367 16,791
-19,939 30,932
Cash and cash equivalents at beginning of period, as restated
16,791
30,932
Cash and cash equivalents at end of period
17,158
10,993
1,599
1,893
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 othe 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 receive 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 Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Effect of change in group structure on opening balance of cash and cash equivalents
Supplementary cash flow information Total cash paid for interest
Struktura konsolidačního celku Skupina ČEZ k 30. 9. 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 Energetické služby, s.r.o. 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.
27232425 26871823 27804721 26840065 25938878 25938924 27232433 26206803 26376547 27151417 26470411 25040707 25854712 49433431 27198367 25437127 25028197 25438107 49903179
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 Ostrava-Vítkovice 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
48 49 50 51 52 53 54 55 56 57 58 59
Obchodní firma Severočeské doly a.s. 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: 60 Coal Energy, a.s. 61 LOMY MOŘINA spol. s r.o.
IČ 49901982 47675691 49826182 60193140 00128201 27257517 27309941 46356088 60108720 49790463
Sídlo Chomutov Ostrava Praha 2 Praha 2 Praha 6 Praha 6 Bulharsko, Ezerovo Most Husinec-Řež Hradec Králové Rusko, Moskva Plzeň
26485079 61465569
Praha 1 Mořina
Metody konsolidace Mateřská společnost a dceřiné podniky: Přidružené podniky:
Plná metoda konsolidace Ekvivalenční metoda konsolidace
