Annual report - HSE
Annual report - HSE
Annual report - HSE
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2.11.1 Controlling company’s ratios<br />
Equity financing rate<br />
At the end of the year, the company’s<br />
equity constituted almost 64% of its<br />
total liabilities. Compared with 2011,<br />
the equity financing rate decreased<br />
despite capital increase with the 2012<br />
net profit, particularly due to increase<br />
in short-term financial liabilities arising<br />
from the company’s bridge financing<br />
of the TEŠ replacement Unit 6.<br />
in € 31/12/2012 31/12/2011<br />
1. Equity and liabilities 1,534,472,368 1,311,214,398<br />
2. Equity 988,423,184 970,128,945<br />
Equity financing rate = 2 / 1 64.41 73.99<br />
Long-term financing rate<br />
The company financed 71% of its<br />
assets with long-term resources, while<br />
the other 29% were financed through<br />
short-term resources. Compared<br />
to the end of 2011, the long-term<br />
financing rate decreased by 12 p.p.<br />
as a result of decrease in long-term<br />
loans due to repayments and increase<br />
in short-term loans.<br />
in € 31/12/2012 31/12/2011<br />
1. Equity 988,423,184 970,128,945<br />
2. Long-term liabilities 96,726,143 108,727,007<br />
3. Total (1 + 2) 1,085,149,327 1,078,855,952<br />
4. Equity and liabilities 1,534,472,368 1,311,214,398<br />
Long-term financing rate = 3 / 4 70.72 82.28<br />
Operating fixed assets rate<br />
The company’s fixed assets represent<br />
a 2.3% share, which is lower in relation<br />
to 2011, as the increase in fixed assets<br />
was smaller compared with other<br />
assets.<br />
in € 31/12/2012 31/12/2011<br />
1. Property, plant 12,307,202 12,832,828<br />
and equipment<br />
2. Intangible assets 23,653,281 19,888,785<br />
3. Total fixed assets at 35,960,483 32,721,613<br />
carrying amount (1+2)<br />
4. Assets 1,534,472,368 1,311,214,398<br />
Operating fixed assets rate = 3 / 4 2.34 2.50<br />
Long-term assets rate<br />
The company’s long-term assets<br />
account for almost 66% of its total<br />
assets. The ratio decreased compared<br />
to its 2011 value, mostly as a result of<br />
increase in short-term loans given to<br />
the company TEŠ and impaired longterm<br />
financial investment in TET.<br />
in € 31/12/2012 31/12/2011<br />
1. Property, plant 12,307,202 12,832,828<br />
and equipment<br />
2. Intangible assets 23,653,281 19,888,785<br />
4. Long-term investments 968,572,290 982,338,595<br />
in subsidiaries<br />
5. Other long-term 366,500 246,500<br />
investments and loans<br />
6. Long-term operating receivables 676,352 870,313<br />
7. Total (1 + 2 + 3 + 4 + 5 + 6) 1,005,575,625 1,016,177,021<br />
8. Assets 1,534,472,368 1,311,214,398<br />
Long-term assets rate = 7 / 8 65.53 77.50<br />
<strong>Annual</strong> Report <strong>HSE</strong> 2012<br />
2 Business Report<br />
73
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