BKW FMB Energy Ltd Annual Report 2003

12 Investments in associated companies
CHF (million) Joint Others
ventures Total
Book values 31.12.2002 340.8 23.1 363.9
Investments 0.0 4.0 4.0
Dividends – 11.7 – 0.6 – 12.3
Share of net income 13.1 2.9 16.0
Book values 31.12.2003 342.2 29.4 371.6
Financial values Gross value Gross value Share Share
of joint ventures: 31.12.2003 31.12.2002 31.12.2003 31.12.2002
CHF (million)
Non-current assets 8,370.5 8,697.6 1,483.4 1,538.6
Current assets 505.9 576.0 100.6 95.5
Long-term liabilities 5,821.3 5,900.4 988.2 1,051.3
Short-term liabilities 1,162.7 1,463.2 253.6 242.0
Income 1,779.8 1,558.7 347.6 290.3
Expenses 1,712.0 1,491.3 334.5 278.3
Profi t 67.8 67.4 13.1 12.0
Due to existing joint venture contracts, the shareholders of joint ventures are obliged
to pay the annual costs due on their share (including interest and repayment of the
borrowed funds). On the balance sheet date the share of unpaid share capital amounted
to CHF 24.9 million (2002: CHF 24.9 million).
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