BKW FMB Energy Ltd Annual Report 2003

Consolidated Financial Statements of the BKW Group
Consolidated Balance Sheet
Assets
CHF (million) Note 31.12.2003 31.12.2002
Property, plant and equipment 11 1,264.5 1,272.9
Investments in associated companies 12 371.6 363.9
Non-current fi nancial assets 13 1,195.0 1,257.7
Deferred tax assets 9 40.0 42.5
Intangible assets 14 23.1 24.6
Total non-current assets 2,894.2 2,961.6
Inventories 15 97.8 88.2
Accounts receivable 16 1,450.4 950.4
Cash and cash equivalents 278.6 278.6
Prepaid expenses and accrued income 89.9 86.5
Total current assets 1,916.7 1,403.7
Total assets 4,810.9 4,365.3
Liabilities and shareholders’ equity
CHF (million) Note 31.12.2003 31.12.2002
Share capital 17 132.0 132.0
Additional paid-in capital 35.0 35.0
Retained earnings 2,038.3 1,816.6
Own shares – 6.2 –39.1
Total shareholders’ equity 2,199.1 1,944.5
Minority interests 20.9 19.7
Deferred tax liabilities 9 467.1 456.8
Long-term provisions 18 1,289.8 1,250.5
Long-term debts 19 200.0 200.0
Other long-term liabilities 20 121.8 132.8
Total long-term liabilities 2,078.7 2,040.1
Other short-term liabilities 21 413.9 291.0
Liabilites from income taxes 46.7 33.5
Accrued expenses and deferred income 51.6 36.5
Total short-term liabilities 512.2 361.0
Total liabilities 2,590.9 2,401.1
Total liabilities and shareholders‘ equity 4,810.9 4,365.3
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