Annual Report 1999739KB - Essent

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Key figures1999pro forma1998pro forma1997pro forma1996pro forma1995staffnumber of staff at year-endnumber10,27310,0518,1797,8187,817number of staff at year-endFTEs9,8529,6397,7997,6437,682electricitysalesGWh35,51036,08630,97229,68030,189number of customersx 1,0002,3202,2822,2072,1812,152gassalesmillions of m 36,2436,2025,9316,9415,969number of customersx 1,0001,6811,6551,5331,5151,496heatsalesGJ x 1,00012,80510,8448,6128,6427,505number of customersx 1,0004444494943essent1999cablecomnumber of audio/video service subscribersx 1,0001,4811,4341,3441,1931,024environmentwaste processingx 1,000 tonnes2,9002,6072,161166–Note:As from 1997, the figures include AVL Limburg and AZN. As from 1998, EPZ, Nutsbedrijf Heerlen, @Home andWestergo are included in the figures. VAM is included as from 1999. No 1995 data is available for waste processing.56other information
Definition of financial ratiosCash flow (excluding extraordinaryincome and expense) Net profit, excluding extraordinaryincome, plus depreciation. Extraordinaryincome and expense has been excluded for comparativepurposes.Return on average total equity Operatingprofit (excluding/including extraordinary income andexpense) plus interest income plus profit of participatinginterests x 100%, divided by average total equity.Average total equity excludes the receivable at year-end1999 on the sale of the interest in EPON.Return on average equity Net profit (excluding/includingextraordinary income and expense)x 100% divided by average equity. Glossary of abbreviationsV volt, unit of electric potentialJ joule, unit of electric workA ampère, unit of electric currentVA volt x ampère, unit of apparent capacityW watt, unit of powerWh watt-hour, the number of watts supplied per hourk kilo = 1,000 (kV = kilovolt, kWh = kilowatt-hour,kW – kilowatt)M mega = 1,000 kiloG giga = 1,000 megaFTE Full-Time Equivalent, the number of staff convertedinto full working weeksSolvency Group equity x 100% divided by totalequity at year-end. Total equity excludes the receivableat year-end 1999 on the sale of the interest in EPON.Interest cover Operating profit plus interestincome (including interest on Sep standard reimbursement)divided by interest expense.Gearing Interest-bearing loan capital x 100%divided by interest-bearing loan capital plus groupequity. Interest-bearing loan capital is determined onthe assumption that the receivable at year-end 1999 onthe sale of the interest in EPON will be settled and willresult in a corresponding reduction in interest-bearingloan capital.essent199957other information
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1 99 9Annual report
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ContentsAnnual report1999Financial
Page 5 and 6:
1999pro forma1998staffnumber of sta
Page 7 and 8: Report of the Supervisory BoardTo t
Page 9 and 10: essent19997annual report
Page 11 and 12: Report of the Board of ManagementTh
Page 13 and 14: to take up positions far earlier. I
Page 15 and 16: essent199913annual report
Page 17 and 18: Exceptional itemsEssent’s results
Page 19 and 20: The intention is to distribute an a
Page 21 and 22: There is no way round it:the duty t
Page 23 and 24: A biomass power station was commiss
Page 25 and 26: work within which future staff move
Page 27 and 28: essent1999You aremoving.We aremovin
Page 29 and 30: The households target group is resp
Page 31 and 32: Financial statements199930 Consolid
Page 33 and 34: Consolidated balance sheetafter app
Page 35 and 36: Notes to the consolidated financial
Page 37 and 38: Tangible fixed assets of the enviro
Page 39 and 40: Operating expensesExpenses are dete
Page 41 and 42: As the Group retains beneficial own
Page 43 and 44: 7Provisions (continued)sub-totaldis
Page 45 and 46: 9Current liabilitiesin millionsin m
Page 47 and 48: Notes to the consolidated profit an
Page 49 and 50: 5Depreciation and amortisationDepre
Page 51 and 52: Company balance sheetafter appropri
Page 53 and 54: Other reservesin millionsin million
Page 55 and 56: Principal participating interests o
Page 57: non-consolidated group companiesloc
Page 61 and 62: R. Lanningnationality : Dutchyear o
Page 64: EssentHoldingArnhemBusinessparkGebo
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