business plan for 2004 - EDP

More documents

Recommendations

Info

EDP - Electricidade de Portugal, S.A. Individual Profit and Loss Account for the years ended December 31, 2003 & 2002 2003 2002 Sales (Thousands of euros) - - Cost of sales - - Gross Margin - - Other operating income Services rendered 24 252 16 242 Work in progress for own purposes - 310 Other income 3 170 882 27 422 17 434 27 422 17 434 Other operating costs Supplies and services 61 360 67 126 Personnel costs 5 637 4 316 Other expenses 2 099 3 048 69 096 74 490 Gross Operating Margin (EBITDA) ( 41 674) ( 57 056) Provisions 873 11 183 Depreciation and amortisation 8 112 6 151 Operating Margin (EBIT) ( 50 659) ( 74 390) Financial Gains / (losses) 354 350 272 158 (Amortisation of investments) ( 13 541) ( 11 126) Current Results 290 150 186 642 Extraordinary Gains / (losses) 81 712 173 885 Profit before tax 371 862 360 527 Charges for income taxe ( 14 479) ( 24 587) Charges for deferred income taxes 5 232 49 898 Net Profit 381 109 335 216 Earnings per Share - Basic - Euros 0,13 euros 0,11 euros Note: See accompanying notes to the Financial Statements in the Financial Report. 112/113
PROPOSAL FOR THE APPROPRIATION OF NET PROFITS Pursuant to the terms of Article 27 of the articles of association, the board of directors is pleased to propose the following appropriation for the net profits in the sum of €381.109 million: Appropriation of net profits thousand euros 2003 Legal reserve 19 055 Dividends 270 000 Retained earnings 92 054 Net Profits 381 109 The proposed dividend amounts to €0.09 per share, providing a payout ratio of 71%.
Page 2 and 3:
CONTENTS >> ORGANISATION OF THE INF
Page 4:
The first, the Institutional Report
Page 7 and 8:
EDP Group Consolidated Turnover EBI
Page 9 and 10:
Spain 20032002 Var. % Number of Emp
Page 11 and 12:
COMPANY HIGHLIGHTS >> 2003 • Hidr
Page 13 and 14:
Francisco de la Fuente Sánchez, Ch
Page 15 and 16:
assumed responsibility for preparat
Page 17 and 18:
MESSAGE TO SHAREHOLDERS João Ramal
Page 19 and 20:
BUSINESS PLAN FOR 2004 - 2006 EDP p
Page 21 and 22:
Within the scope for the simplifica
Page 23 and 24:
EDP CORPORATE OFFICERS (2003-2005)
Page 25 and 26:
José Morais Cabral Non-executive D
Page 27 and 28:
CORPORATE GOVERNANCE EDP - Electric
Page 29 and 30:
1 Disclosure of Information >> 1.1
Page 31 and 32:
The responsibilities and functions
Page 33 and 34:
whose main function is controling t
Page 35 and 36:
Comparative evolution of EDP shares
Page 37 and 38:
Indicators - Capital Market (1) In
Page 39 and 40:
of €335.2 million, of which €27
Page 41 and 42:
financial operations and liabilitie
Page 43 and 44:
2 Exercise of voting rights and sha
Page 45 and 46:
3 Company Rules Internal Regulation
Page 47 and 48:
5 Management >> 5.1 Characteristics
Page 49 and 50:
Policy of rewarding the members of
Page 51 and 52:
6 Group Management Support Services
Page 53 and 54:
7 Human Resources This chapter addr
Page 55 and 56:
For the first time, a meeting of th
Page 57 and 58:
8 Pension Fund The Group companies
Page 59 and 60:
9 Information Systems The informati
Page 61 and 62:
during 2003 by means of field infor
Page 63: • The larger number of environmen
Page 66 and 67: Following the sustained rise in 200
Page 68 and 69: Relatório & Contas 67/67
Page 70 and 71: Content 1. Energy Sector 72 1.1 Ibe
Page 72 and 73: 2003 - Annual Report - EDP The Cust
Page 74 and 75: 2003 - Annual Report - EDP • In S
Page 76 and 77: 2003 - Annual Report - EDP • Co-o
Page 78 and 79: 2003 - Annual Report - EDP The CPPE
Page 80 and 81: 2003 - Annual Report - EDP • Riba
Page 82 and 83: 2003 - Annual Report - EDP The Sopo
Page 84 and 85: 2003 - Annual Report - EDP More dyn
Page 86 and 87: 2003 - Annual Report - EDP Technica
Page 88 and 89: 2003 - Annual Report - EDP c) produ
Page 90 and 91: 2003 - Annual Report - EDP The foll
Page 92 and 93: 2003 - Annual Report - EDP In elect
Page 94 and 95: 2003 - Annual Report - EDP desired
Page 96 and 97: 2003 - Annual Report - EDP >> 1.3.3
Page 98 and 99: 2003 - Annual Report - EDP • Band
Page 100 and 101: 2003 - Annual Report - EDP Enertrad
Page 102 and 103: 2003 - Annual Report - EDP Of the v
Page 104 and 105: 2003 - Annual Report - EDP Direct a
Page 106 and 107: 2003 - Annual Report - EDP • To c
Page 108 and 109: 2003 - Annual Report - EDP • The
Page 111 and 112: FINANCIAL STATEMENTS - SUMMARY EDP
Page 113: EDP - Electricidade de Portugal, S.
Page 117 and 118: ACKNOWLEDGEMENTS The Board of Direc
show all

business plan for 2004 - EDP

Create successful ePaper yourself

Delete template?

Save as template?