ANNUAL REPORT - HSE

Segments
in €
NET SALES REVENUE BY BUSINESS SEGMENT YEAR 2008 YEAR 2007
Electricity 840,340,453 953,578,530
Other 32,421,875 28,754,791
Total 872,762,328 982,333,321
in €
NET SALES REVENUE BY GEOGRAPHICAL SEGMENT YEAR 2008 YEAR 2007
Domestic market 625,382,932 722,268,188
Foreign market 247,379,396 260,065,133
Total 872,762,328 982,333,321
Expenses
€ 827,174,352
The Group’s expenses are comprised of operating, finance
and other expenses.
in €
TYPES OF EXPENSES YEAR 2008 YEAR 2007
Operating expenses 786,648,130 945,117,205
Finance expenses 38,929,791 15,239,916
Other expenses 1,596,431 1,141,529
Total 827,174,352 961,498,650
Operating expenses
€ 786,648,130
The cost of goods sold mainly relates to the cost of
electricity.
The costs of materials mostly relate to the costs of
energy, fuel, materials specific to each type of production,
and spare parts.
The cost of goods and materials sold eliminated during
consolidation totalled € 574,662,900.
The majority of costs of services relate to the costs
of services associated with production, maintenance
costs, transport costs and insurance premiums.
The costs of services eliminated during consolidation
totalled € 1,808,041.
Labour costs comprise salaries and compensations,
social insurance contributions, additional pension insurance
and other labour cost (meal allowance, commuting
allowance, holiday allowance, jubilee benefits,
financial support, termination benefits, etc.). Other
labour costs also include the payroll tax.
The majority of write-downs in value refer to the
amortisation of intangible assets and depreciation of
property, plant and equipment.
In relation to intangible assets and property, plant and
equipment, the biggest part of revaluation operating
expenses relates to the write-down of unusable and
technologically or economically inefficient assets,
whereas in operating current assets, it refers to the
revaluation of materials inventories.
ANNUAL REPORT HSE | FINANCIAL REPORT OF THE HSE GROUP
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