Annual report - HSE

More documents

Recommendations

Info

Total revenue Net sales revenue in € thousand in € thousand GROUP GROUP 2012 1,895,758 2012 1,807,655 2011 1,391,428 2011 1,327,546 COMPANY COMPANY 2012 1,955,550 2012 1,932,489 2011 1,364,705 2011 1,358,118 Cash flows from operating activities in € thousand Net profit or loss in € thousand GROUP GROUP 2012 156,049 2012 85,981 2011 135,505 2011 69,753 COMPANY COMPANY 2012 57,918 2012 42,954 2011 29,798 2011 46,730 Assets in € thousand Equity in € thousand GROUP GROUP 2012 2,595,853 2012 1,473,463 2011 2,275,886 2011 1,409,098 COMPANY COMPANY 2012 1,534,472 2012 988,423 2011 1,311,214 2011 970,129 Electricity production of HSE Group companies in GWH Employees GROUP GROUP 2012 7,839 2012 3,900 2011 7,625 2011 3,819 Annual Report HSE 2012 1 Introduction 18 2012 2011 COMPANY 132 135
1.5 Chronology of important events in 2012 January • On 3 January, Alstom and TEŠ entered into an agreement regulating the method of liabilities settlement in the period before the issuance of the government guarantee for financing the construction of the TEŠ replacement Unit 6. • On 12 January, DEM presented the procedure of initiative for NSP of the HPP Hrastje- Mota to the Strategic Council of the Pomurje Development Institute Murska Sobota. • On 16 January, PV reached the most significant daily extraction progress in 2012 with 8.6 meters at extraction site G3/B, despite challenging production circumstances. • SENG achieved an extension for the pilot operations in the PSP Avče facility until 6 January 2014. • HESS obtained declarations for operations of the production units HPP Boštanj and HPP Arto-Blanca. February • On 2 February, a group of MPs submitted a proposal for the Act Regulating Guarantee of Republic of Slovenia for Liabilities under Long-Term Loan of 440 Million Euros Made to Termoelektrarna Šoštanj, d.o.o. by European Investment Bank for Financing Termoelektrarna Šoštanj 600 MW Replacement Unit-6 Installation Project (ZPODPTEŠ). • On 14 February, the PV miners achieved the most important daily progress at the construction site, i.e. 16.8 metres during a 4-shift work at k.-130/B site for haulage roadway. • On 15 February 2012, TEŠ handed over the area of boiler room of the replacement Unit 6 to Alstom and Alstom started with the preparations for installation. • At its 3rd session on 23 February 2012, the Government of the Republic of Slovenia expressed its readiness to assume additional risk with issuing its guarantee and, therefore, its support to the ZPODPTEŠ proposal under certain conditions. • In February 2012, the Supreme Court dismissed the request by the TEŠ Trade Union to review the verdict of the Higher Labour and Social Court in Ljubljana, which had confirmed the verdict of the Labour Court in Celje that the strike in TEŠ in November 2010 was illegal. • SENG obtained operating permit for the HPP Doblar I turbine 3. • PV became one of the first coal mines in Europe and worldwide to have mobile phones coverage underground. • Upon opening the new coal mine in Mariovo, Macedonia, PV entered into the contract on design and preparation of technical documentation. March • On 7 March, PV reached the most important general progress in pit roadways construction with 49.8 metres excavated. • On 13 March 2012, Alstom started with the main steel construction installation of the Unit 6 boiler room. • On 15 March, formal opening of restructured boiler room in Planina in Kranj took place; the investor was the company Soenergetika. • On 20 March, the Supervisory Board was appointed at the first General Meeting of the company SRESA. • SENG took over the reconstructed turbine 3, the operations of which were launched at HPP Doblar I, and started with reconstruction works on turbine 2. April • On 19 April the National Assembly discussed on ZPODPTEŠ for the first time and voted for the guarantee granting. • SENG successfully completed technical inspection (hereinafter ‘TI’) of the left threesegment gate within the reconstruction of hydromechanical equipment at Jez Podsedlo and repairs of the PSP Avče generator, which enabled operations to be launched. May • On 17 May, the Government of the Republic of Slovenian amended Article 1 of the proposal for ZPODPTEŠ. • On 24 May, PV achieved the most important daily extraction production with 13,470 tonnes of coal at mining site –65/A. Annual Report HSE 2012 1 Introduction 19
Page 1: ANNUAL REPORT OF THE COMPANY HSE &
Page 4 and 5: Contents 7 8 9 10 13 13 14 15 1 Int
Page 7 and 8: What you see: Downpour What we see:
Page 9 and 10: 1.2 Report of the Supervisory Board
Page 11 and 12: Other important matters and issues
Page 13 and 14: 1.2.2 Monitoring and supervision of
Page 15 and 16: 1.3 Electricity production and trad
Page 17: HSE Group 2012 2011 IND 12 / 11 Net
Page 21 and 22: • On 19 October, an agreement on
Page 23: management. Immediately after the i
Page 26 and 27: 2.1 Controlling company 2.1.1 Profi
Page 28 and 29: 2.1.3 Management of the controlling
Page 30 and 31: 2.1.4 Corporate governance statemen
Page 32 and 33: • Supervising the integrity of fi
Page 34 and 35: HSE Group in western, central and s
Page 36 and 37: Hydro production Dravske elektrarne
Page 38 and 39: Srednjesavske elektrarne d.o.o. (SR
Page 40 and 41: Termoelektrarna Trbovlje d.o.o. (TE
Page 42 and 43: PV Zimzelen d.o.o. is a retirement
Page 44 and 45: HSE Adria d.o.o. HSE Adria d.o.o. M
Page 46 and 47: Investments HSE Invest d.o.o. HSE I
Page 48 and 49: Regular cooperation with trade unio
Page 50 and 51: National, European and global frame
Page 52 and 53: 2.5.4 Achieving information securit
Page 54 and 55: performed with the help of market c
Page 56 and 57: Slovenian electricity market in 201
Page 58 and 59: The scope of trading on the Italian
Page 60 and 61: Long-term contracts and day-ahead m
Page 62 and 63: Structure of sources The electricit
Page 64 and 65: 2.9 Investments The HSE Group is bo
Page 66 and 67: At HPP Krško, the following activi
Page 68 and 69:
Most of company’s investments wer
Page 70 and 71:
Debt ratio The debt ratio is an imp
Page 72 and 73:
The value of assets and total equit
Page 74 and 75:
Equity to fixed assets ratio in €
Page 76 and 77:
Debt-to-equity ratio in € 2012 20
Page 78 and 79:
Operating fixed assets rate in €
Page 80 and 81:
Net return on equity ratio (ROE) in
Page 82 and 83:
2.12 Risk management The HSE Group
Page 84 and 85:
2.12.2 Operating risks Market risk
Page 86 and 87:
In 2012, risks were managed with th
Page 88 and 89:
Production management The HSE Group
Page 90 and 91:
Risk of investment activities The k
Page 92 and 93:
2.14 Research and development In 20
Page 94 and 95:
EU level Key activities: • EU Ren
Page 96 and 97:
2 Poslovno poročilo
Page 98 and 99:
3.1 Responsibility to employees In
Page 100 and 101:
Employees and the community Employe
Page 102 and 103:
Number of employees as at 31 Decemb
Page 104 and 105:
certificates on their behalf. In 20
Page 106 and 107:
2 Poslovno poročilo
Page 108 and 109:
4.1 Auditor’s report Annual Repor
Page 110 and 111:
4.2 Statement of management’s res
Page 112 and 113:
4.4 Financial statements 4.4.1 Stat
Page 114 and 115:
4.4.4 Cash flow statement in € An
Page 116 and 117:
4.5 Notes to the financial statemen
Page 118 and 119:
4.5.3 Basis of measurement Company
Page 120 and 121:
4.5.7.2 Property, plant and equipme
Page 122 and 123:
4.5.7.4.2 Non-derivative financial
Page 124 and 125:
4.5.7.7 Equity Total equity of the
Page 126 and 127:
Costs of services are historical co
Page 128 and 129:
in € Intangible assets Emission c
Page 130 and 131:
Investments in subsidiaries (3) in
Page 132 and 133:
Significant amounts from statements
Page 134 and 135:
Short-term financial receivables fr
Page 136 and 137:
Other short-term assets (7) in €
Page 138 and 139:
Provisions for termination and jubi
Page 140 and 141:
Short-term financial liabilities (1
Page 142 and 143:
Other current liabilities (15) in
Page 144 and 145:
Costs of goods, materials and servi
Page 146 and 147:
Tax (24) The company is subject to
Page 148 and 149:
In the reporting period, individual
Page 150 and 151:
Receipts of supervisory board membe
Page 152 and 153:
in € Changes in allowances for sh
Page 154 and 155:
In March 2013, the company TEŠ dre
Page 156 and 157:
Sensitivity analysis of cash flow a
Page 158 and 159:
4.5.8.9 Fair values The company est
Page 160 and 161:
5.1 Auditor’s report for HSE Grou
Page 162 and 163:
5.2 Statement of management’s res
Page 164 and 165:
5.4 Consolidated financial statemen
Page 166 and 167:
5.4.4 Consolidated cash flow statem
Page 168 and 169:
5.5 Notes to the consolidated finan
Page 170 and 171:
5.5.2 Basis for preparation In the
Page 172 and 173:
5.5.4 Currency reports 5.5.4.1 Func
Page 174 and 175:
Emission coupons are not amortised,
Page 176 and 177:
5.5.7.5 Long-term investments in as
Page 178 and 179:
5.5.7.7 Inventories Inventories are
Page 180 and 181:
5.5.7.10 Provisions for jubilee and
Page 182 and 183:
Write-downs in value include amorti
Page 184 and 185:
5.5.8 Notes to the consolidated fin
Page 186 and 187:
Property, plant and equipment (2) i
Page 188 and 189:
Other long-term investments and loa
Page 190 and 191:
Changes in deferred tax assets in 2
Page 192 and 193:
Cash and cash equivalents (8) in
Page 194 and 195:
Provisions for legal actions are cr
Page 196 and 197:
Long-term operating liabilities to
Page 198 and 199:
Considering the increase in assesse
Page 200 and 201:
In 2012, the audit of financial sta
Page 202 and 203:
Financial expenses (27) Financial e
Page 204 and 205:
Considering the abovementioned fact
Page 206 and 207:
5.5.8.8.1 Credit risk Most of the G
Page 208 and 209:
Changes in allowances for short-ter
Page 210 and 211:
Contracts concluded for currency sw
Page 212 and 213:
in € Capital management 31 Decemb
Page 214 and 215:
Contacts Holding Slovenske elektrar
Page 216 and 217:
HSE BH d.o.o. Bulevar Meše Selimov
Page 218 and 219:
NIP 5 Revised investment programme
Page 220:
Holding Slovenske elektrarne d.o.o.
show all

Annual report - HSE

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?