012 - ČEZ Distribuce

ČEZ Distribuce, a. s.
Financial Performance
Structure of Assets and Capital
Assets
Total assets reached CZK 132,046 million, up CZK 1,140 million from 2011.
Non-current assets totaled CZK 115,228 million, an increase of CZK 2,241 million compared to 2011. The largest components
in non-current assets were constructions (CZK 85,985 million), separate movable items (CZK 25,792 million), tangible assets in
progress (CZK 2,349 million), land (CZK 713 million), and non-current intangible assets (CZK 244 million).
Current assets were down CZK 1,135 million in 2012, to reach CZK 16,774 million. The items with the highest values comprised
unbilled revenue (CZK 11,462 million, mainly from services related to electricity distribution), amounts owed by the controlling
entity relating to Group cash pooling (CZK 2,996 million), short-term trade receivables (CZK 1,716 million), short-term advances
granted (CZK 385 million), work in progress (CZK 162 million), and tax refunds owed by the State (CZK 92 million).
Structure of Assets (CZK millions)
0 30,000 60,000 90,000 120,000
Total assets
2011
2012
109,997
112,737
non-current tangible and intangible assets in use
tangible and intangible non-current assets in progress + advances granted
short-term receivables
other current 2011 assets + 2012 other assets
Equity and Liabilities
Equity totaled CZK 86,165 million, which is down CZK 195 million from 2011’s figure. The biggest components of equity were
the basic capital recorded in the Commercial Register (CZK 60,000 million), the reserve fund (CZK 12,000 million), retained
earnings for the previous years (CZK 9,859), and the profit for the year (CZK 4,306 million).
Liabilities reached CZK 37,689 million, up CZK 1,501 million from the previous year. The largest items were deferred tax liability
(CZK 11,649 million), short-term advances received (CZK 10,502 million), long-term liabilities to group companies with majority
control (CZK 9,012 million), current trade payables (CZK 3,001 million), and unbilled deliveries (CZK 1,761 million).
Other liabilities, consisting primarily of deferred income from connection fees, reached CZK 8,192 million, an increase of
CZK 166 million from the previous year.
2,990
2,491
17,748
16,612
171
206
130,906
132,046
025
Structure of Equity and Liabilities (CZK millions)
0 30,000 60,000 90,000 120,000
Total equity and liabilities
2011
2012
60,000
60,000
26,360
26,165
basic capital
capital funds + other funds created from profit + retained earnings + profit for the year
short-term liabilities
provisions + long-term liabilities + bank loans and advances received + other liabilities
17,305
16,709
27,241
29,172
130,906
132,046