BKW FMB Energy Ltd Annual Report 2003

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46 16 Accounts receivable CHF (million) 31.12.2003 31.12.2002 Trade accounts receivable third parties 459.2 299.0 associated companies 12.8 14.1 Financial claims third parties 856.7 542.0 associated companies 10.0 33.0 Other receivables third parties 103.8 53.0 associated companies 2.0 2.3 Work in progress 5.9 7.0 Total 1,450.4 950.4 Financial claims cover fi xed time deposits of CHF 849.2 million (2002: CHF 538.4 million) with a weighted average term to maturity of 4.8 months (2002: 5.0 months) and a weighted average interest rate of 1.6% (2002: 2.4%). Work in progress includes orders realised on the balance sheet date including the proportionate profi t of CHF 1.4 million (2002: CHF 0.9 million). This incorporates payments amounting to CHF 5.5 million (2002: CHF 7.2 million).
! 17 Share capital Signifi cant shareholders and their direct participation 31.12.2003 31.12.2002 Canton Berne 52.9% 63.5% E.ON Energy Ltd 20.0% 20.0% Own share transactions Number Book Cash-relevant CHF mill. proportion CHF mill. 31.12.2001 60,300 3.7 Purchases 108,593 36.1 36.1 Sales/allotment – 5,420 – 0.7 0.0 31.12.2002 163,473 39.1 Purchases 175,014 64.6 64.6 Sales/allotment – 283,365 – 97.5 – 57.4 31.12.2003 55,122 6.2 In the year under review, 174,240 own shares were acquired from the canton of Berne at CHF 320 per share. Under the terms of the cross-participation with Freiburgische Elektrizitätswerken (FEW) 127,229 own shares were exchanged for FEW shares, and another 126,240 shares were sold to FEW at CHF 320 per share. As part of the secondary placement of BKW shares on the SWX Swiss Exchange, 23,708 shares were sold at CHF 320 per share. The additional shares required for these transactions were held by BKW. 47
Page 1 and 2: BKW FMB Energy Ltd Annual Report 20
Page 3 and 4: Contents 2 Foreword Partnerships st
Page 5 and 6: The challenges facing energy policy
Page 7 and 8: Strategy Partnerships and continual
Page 9 and 10: Broad-based production plant Thanks
Page 11 and 12: Board of Directors (at 31.12.2003)
Page 13 and 14: Market Switzerland’s electricity
Page 15 and 16: Energy Policy Clear Federal Court r
Page 17 and 18: Future of nuclear power assured Whi
Page 19 and 20: Production Generating power by part
Page 21 and 22: BKW electricity In the year under r
Page 23 and 24: Trade BKW - a competent and reliabl
Page 25 and 26: Sales Partnership in action - the f
Page 27: Networks Guaranteeing network relia
Page 30 and 31: Financial Review Sales and profi t
Page 32 and 33: Consolidated Financial Statements o
Page 38 and 39: 3 Principles of accounting and valu
Page 40 and 41: interest expenses. These are fi nan
Page 42 and 43: 40 8 Financial result CHF (million)
Page 44 and 45: 11 Property, plant and equipment CH
Page 46 and 47: 13 Non-current fi nancial assets CH
Page 50 and 51: 18 Provisions CHF (million) Nuclear
Page 52 and 53: 50 22 Pension obligations The statu
Page 54 and 55: 52 25 Related parties The following
Page 56 and 57: List of Participations Subsidiaries
Page 58 and 59: Financial Statements of BKW Income
Page 60 and 61: Financial Statements of BKW Notes a
Page 62 and 63: 60 8 Bond issue in 1,000 CHF 31.12.
Page 64 and 65: Report of the Statutory Auditors 62
Page 66 and 67: 64 Appropriation of retained earnin
Page 68 and 69: 66 Signifi cant shareholders In a s
Page 70 and 71: 68 3 Board of Directors Information
Page 72 and 73: 70 AG und Genossenschaft, Jungfraub
Page 74 and 75: 72 - - - - - - - - The Audit Commit
Page 76 and 77: 74 4 Executive Board and Extended E
Page 78 and 79: 76 The members of the Board of Dire
Page 80 and 81: 78 Entries in the shareholder regis
Page 82 and 83: Addresses BKW Head Offi ce BKW FMB

BKW FMB Energy Ltd Annual Report 2003

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