012 - ČEZ Distribuce

ČEZ Distribuce, a. s. Notes to the Financial Statements as of December 31, 2012
15. Commitments and Contingencies
The Company has effected the following types of insurance:
– Insurance of buildings and constructions and selected movable items (transformer stations, administrative buildings);
– Insurance of civil engineering structures (very high voltage and high voltage overhead power grids).
Other types of insurance include general liability insurance, insurance for damage caused by defective products and liability
insurance of management and board members.
As at 31 December 2012 and 2011, the Company had concluded contracts for future supplies of fixed assets (capital
expenditures and repairs) in the amount of approx. CZK 4,137,725 thousand and CZK 5,457,370 thousand, respectively. As at
31 December 2012 and 2011, an amount of contractual liabilities for next years comprises a contractual fee totaling
CZK 3,892,499 thousand and CZK 5,190,620 thousand, respectively for investments, CZK 161,392 thousand and
CZK 189,178 thousand, respectively for repairs and CZK 83,834 thousand and CZK 77,572 thousand, respectively for relaying.
The Company is a party to a number of legal disputes relating primarily to connection of solar power plants to the power grid.
Based on the analysis performed, the Company’s management believes that the risk of losing these disputes is very small and
it is unlikely the Company would be imposed any significant obligations in the future arising from these disputes.
16. Revenues
The breakdown of revenues from ordinary activities (in CZK thousands)
068
2012 2011
Use of grids 36,751,683 34,945,607
Provided reserved capacity 8,326,472 8,532,931
Provision of system services 5,032,398 5,410,381
Subsidy for extra costs incurred in support of electricity from renewable sources 1,691,254 3,183,491
Other energy services 324,419 169,432
Other non-energy services 239,018 240,912
Total revenues 52,365,244 52,482,754
In 2012 and 2011, the revenues of the Company comprised primarily sales from the provision of distribution network services
to customers and electricity producers and traders. The prices for services related to providing of distribution network are
subject to price regulations of the Energy Regulatory Office and were determined by the Energy Regulatory Office’s price
decision for 2012 and 2011, respectively.
The revenues were realized in the Czech Republic.
17. Personnel and Related Expenses
The breakdown of personnel expenses is as follows (in CZK thousands):
2012 2011
Total Members of Total Members of
personnel managerial bodies personnel managerial bodies
Average number of employees 1,197 25 1,227 25
Wages and salaries 678,616 49,635 676,811 49,865
Bonuses to members of statutory bodies 2,057 – 2,136 –
Social security and health insurance 227,849 11,637 229,440 13,806
Social cost 106,361 3,456 77,565 3,084
Total personnel expenses 1,014,883 64,728 985,952 66,754