012 - ÄEZ Distribuce
012 - ÄEZ Distribuce
012 - ÄEZ Distribuce
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ČEZ <strong>Distribuce</strong>, a. s.<br />
Glossary of Terms and Abbreviations<br />
List of Units and Abbreviations Used<br />
Unit<br />
km<br />
kV<br />
MW<br />
MWh<br />
GWh<br />
Commentary<br />
kilometer<br />
kilovolt, 1 kV = 10 3 V, V = a unit of electrical potential (voltage)<br />
megawatt, 1 MW = 10 6 W = 10 3 kW, W = a unit of power (load)<br />
megawatt-hour, 1 MWh = 10 6 Wh = 10 3 kWh, Wh = a unit of work (energy)<br />
gigawatt-hour, 1 GWh = 10 9 Wh = 10 6 kWh, Wh = a unit of work (energy)<br />
Method Used to Calculate Financial Indicators<br />
Term<br />
Commentary<br />
Assets turnover ratio<br />
Total operating revenues / Average assets<br />
Coverage of non-current assets (Shareholders’ equity + Non-controlling interests + Long-term liabilities +<br />
Deferred tax liability) / Non-current assets<br />
Current ratio (Current assets + Accrued assets and deferred liabilities) / (Current liabilities +<br />
Short-term bank loans + Accrued liabilities and deferred assets)<br />
EBIT<br />
Earnings before income tax<br />
EBIT margin<br />
EBIT / Operating revenues<br />
EBITDA<br />
Earnings before income tax, depreciation and amortization<br />
Extent of depreciation<br />
–1 * (Accumulated depreciation and allowances on property, plant and<br />
equipment) / Property, plant and equipment in use, gross<br />
Financial debt/Equity<br />
(Long-term bank loans including current portion + Bonds payable + Short-term<br />
bank loans) / Average shareholders’ equity<br />
Net debt<br />
Long-term bank loans including current portion + Short-term loans – Cash and<br />
cash equivalents – Highly liquid short-term financial assets<br />
Net debt/EBITDA<br />
(Long-term bank loans including current portion + Bonds payable + Short-term<br />
loans – Cash and cash equivalents – Highly liquid short-term financial assets) /<br />
Earnings before income tax, depreciation and amortization<br />
Net income<br />
Income after income tax (profit for the year)<br />
Operating cash flow-to-liabilities ratio Net cash provided by operating activities / Long-term liabilities<br />
Return on Assets (ROA), net<br />
Income after income tax / Average total assets<br />
Return on Equity (ROE), net<br />
Income after income tax attributable to equity holders of the parent / Average<br />
equity attributable to equity holders of the parent<br />
Return on Invested Capital (ROIC) (EBIT + Net change in operating provisions and allowances) * (1 – Income tax<br />
rate) / Average invested capital<br />
Total debt/Total capital (Long-term bank loans including current portion + Short-term loans) /<br />
(Long-term loans including current portions + Short-term loans + Equity)<br />
047
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