annual-and-sustainability-report-2014

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GlossaryNet capacity The electric output that a plant delivers to distributionnetworks, i.e., gross capacity less the energy used by the plant itself.Measured in MW (Megawatt)Nominal capacity The capacity that a generator is designed for. Thisconcept is used mainly for electricity generation power plants, e.g.,hydro power plants and wind turbines. Measured in MW (Megawatt).SO 2Sulphur dioxide.Spot market A market in which trading is conducted for immediatedelivery.Swap A financial instrument that is a combination of a spot andforward transaction – a type of financial swap agreement.Nord Pool The Nordic electricity exchange. Started in Sweden andNorway in 1996.Swedish GAAP Swedish Generally Accepted Accounting Principles.Applied by Vattenfall through 2004.NO XCollective term for nitrogen oxide, nitrogen dioxide and similarnitrogen compounds.OHSAS 18000 A series of standards that can be used as a basis foran occupational health and safety management system.OTC Over the Counter. Trading outside of exchanges (directly or viabrokers) in physical and financial contracts.Oxyfuel technology A technology used to separate carbon dioxide ina CCS plant.Primary energy Primary energy is the form of energy that is accessibledirectly from the original sources. Vattenfall uses the interpretationapplied by Eurostat and IEA. This means that all fuels are assigned aprimary energy content corresponding to its heating value. Uranium isassigned a primary energy content corresponding to the heat releasedin the power plant. Solar, wind and hydro power are assigned aprimary energy content corresponding to the extracted electricity(or heat).Thermal power Electricity generated via a heating process, such asa gas turbine or a steam process in a coal or nuclear power plant(compare combined heat and power).Volatility A measure of how the price of a product varies during agiven period of time.Voluntary nature protection Measures taken on a voluntary basisaimed at protecting species and natural environments.Waste hierarchy The EU’s prioritisation framework for how waste is tobe avoided and managed.For definitions of financial key ratios, see pages 147–148.Renewable energy sources Non-finite energy sources such as hydropower, biomass, wind, the sun, ocean waves and geothermal energy.Reservoir levels Refers to the volume of water stored in a reservoirwhich on a specific occasion can be used for hydro power generation.Reservoir levels vary during the year depending on precipitation andproduction.SAIDI (System Average Interruption Duration Index) An index of averagepower interruption times within electricity distribution. Measuredin terms of interruption duration per customer and year.SAIFI (System Average Interruption Frequency Index) An index ofaverage power interruption frequency within electricity distribution.Measured in terms of the number of power interruptions per customerand year.SKB Svensk Kärnbränslehantering AB (The Swedish Nuclear FuelManagement Company) – responsible for handling radioactive wastein Sweden.Power unitsPower is energy per unit of timePower output is measured in watts (W)1 kW (kilowatt) = 1,000 W1 MW (megawatt) = 1,000 kW1 GW (gigawatt) = 1,000,000 kWEnergy unitsEnergy is power multiplied by time1 kWh (kilowatt hour) = 1 kW in one hour1 MWh (megawatt hour) = 1,000 kWh1 GWh (gigawat hour) = 1,000,000 kWh1 TWh (terawatt hour) = 1,000,000,000 kWhWeight unitsktonnes (kilotonnes) = 1,000 tonnesMton (megatonnes) = 1,000,000 tonnesVoltage1 kV (kilovolt) = 1,000 volts (V)160 Vattenfall Annual and sustainability report 2014
Contact personsKlaus Aurich, Investor Relations,klaus.aurich@vattenfall.com, tel. +46-8-739 50 00Annika Winlund, Investor Relations,annika.winlund@vattenfall.com, tel. +46-8-739 50 00Annika Ramsköld, Sustainability,annika.ramskold@vattenfall.com, tel. +46-8-739 50 00Financial calendar27 April 2015 Annual General Meeting28 April 2015 Interim report January–March21 July 2015 Interim report January–June27 October 2015 Interim report January–September3 February 2016 Year-end report 2015 (preliminary)About Vattenfall’s financial reportsVattenfall’s financial reporting includes interim reports, theyear-end report, and the annual report. In addition to thesereports, the company issues financial information via pressreleases and on Vattenfall’s websites.Vattenfall’s Annual and sustainability report 2014 ispublished in Swedish, English and German. All financialreports are available on Vattenfall’s websites. The reportsare only available digitally for downloading and cantherefore not be ordered in printed versions.Production: Vattenfall AB. Photos: Vattenfall AB; Jeanette Hägglund, Peter Phillips, Getty Image, Johner bildbyrå. (Copyright 2015, Vattenfall AB, Solna.)
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Vattenfall’s integrated annual an
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Overview | Results 2014Results 2014
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Overview | CEO’s messagewill incr
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Overview | Important eventsQ3 2014
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Overview | Vattenfall’s value cha
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Strategic direction | Market and bu
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Strategic direction | StrategyVatte
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Strategic direction | Vattenfall’
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Developments during the year | Sust
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Customer solutionsthat enable susta
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Ensuresustainability inthe supply c
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Risks and risk managementRiskPerson
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Risks and risk managementRiskLiquid
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Risks and risk managementRiskCurren
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Consolidated accountsConsolidated i
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Consolidated accountsComments on th
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Consolidated accountsSupplementary
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Consolidated accountsConsolidated s
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