ANNUAL REPORT 2013 a Responsible Company
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Key figures Pictograms Table of content Head office Elia Key events EXECUTIVE REPORT Consolidated results 2013 2012 2011 20101 2009 Boulevard de l’Empereur 20, B-1000 Bruxelles Foreword* 2 (in millions €) T +32 2 546 70 11 - F +32 2 546 70 10 Key events 2013* 4 [email protected] Total revenues and other income 1,389.5 1,306.6 1,278.4 1,037.5 771.3 Infrastructure The Elia share in 2013 8 EBITDA* 486.9 455.5 448.9 687.9 327.9 Contacts REBITDA* 486.9 455.5 448.9 409.4 327.9 THE ELIA GROUP Barbara Verhaegen, T +32 2 546 73 78 Operating profit (REBIT*) 345.4 305.4 308.0 281.9 225.8 Exploitation Two system operators, one European group 16 Axelle Pollet, T +32 2 546 75 11 Operating profit (EBIT*) 345.4 305.4 308.0 560.4 225.8 Operating grid infrastructure 18 Net finance costs (108.5) (134.8) (128.6) (123.2) (120.5) Concept and editorial staff Operating electricity grids 32 Income tax expenses (61.5) (16.2) (43.3) (34,0) (20.0) Elia, departement Communication Market Facilitating the market 39 Profit attributable to the Owners of the Beyond our borders 42 Company 175.8 155.0 137.5 401.7 84.0 Graphic design and coordination Elia viewed from the inside 45 Basic earnings per share, incl. non- www.witvrouwen.be recurring elements (€) 2.90 2.57 2.28 7.36 1.75 Beyond our borders Basic earnings per share, excl. non- CHALLENGES AND PROSPECTS Photos Elia recurring items (€) 2.90 2.57 2.28 2.26 1.75 Social Responsibility of the Elia Group 60 Antonio Caliaro (Elia), Marianne Celis (Elia), Dividend per share (€) 1.54 1.47 1.47 1.40 1.38 Elia viewed from the inside Challenge 1: Security of Supply 62 Gaëtan Delcuve (Elia), Guy Van Hooveld, Marc Van Eyken (Bozo), Challenge 2: Construction of the single market 67 Julien De Wilde (Reporters), Michel Gouverneur (Reporters), Challenge 3: Integration of renewable energies 71 Wim Beddegenoodts (Reporters), Olivier Polet (Reporters), Consolidated statement Preparing the future: Research & Development* 66, 70, 76 of financial position 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009 Eric Herschaft (Reporters), Photothèque Elia Licence to operate 77 (in millions €) Photos 50Hertz Prospects and challenges for 2014* 86 Total assets 6,532.2 6,187.0 5,843.8 5,904.0 4,451.9 Picture of Stephan Singer: © WWF Equity, attributable to the Heike Müller © UfU CORPORATE GOVERNANCE STATEMENT * Owners of the Company 2,209.1 2,108.5 2,046.9 2,007.2 1,365.4 Dr. Klaus Kleinekorte © Amprion Composition of management bodies 90 Net financial debt 2,733.8 2,910.8 2,532.9 2,551.4 2,444.4 Archiv 50Hertz, Jan, Pauls, Andreas Teich Equity per share (€) 36.5 34.9 33.9 36.8 28.4 Significant events in 2013 93 Number of shares (end of period) 60,568,229 60,555,809 60,355,217 60,355,217 48,270,255 Remuneration of the Board of Directors and Editor Management Committee 99 Ilse Tant Features of the internal control and risk management systems 103 Risks and uncertainties facing the company 107 FINANCIAL REPORT Ce document est également disponible en français. Declaration by responsible persons 112 Dit document is ook beschikbaar in het Nederlands. Consolidated financial statements IFRS* 114 April 2014 Notes to the consolidated financial statements* 119 Annual Joint auditors’ report on the consolidated financial statements 166 Regulatory framework and tariffs* 168 Information about the parent company* 172 Report 2013 Reporting parameters 175 ANNUAL REPORT 2013 A responsible company ELIA serving its customers and the community in Belgium and Germany * EBIT = earnings before interest and taxes - EBITDA = EBIT + depreciation / amortization / impairment and changes in provisions - REBIT = Recurring EBIT - REBITDA = Recurring EBITDA. 1 The results of 50Hertz Transmission, consolidated at Eurogrid International level for the period from June to December 2010, were included in the consolidated Elia Group IFRS figures as at 31 December 2010 (60% proportionate consolidation). The first five months were booked as shareholders’ equity (opening balance), thereby benefitting Elia shareholders. www.eliagroup.eu www.elia.be www.50hertz.com * These chapters form the annual report cf. article 119 of the Belgian company code. Key figures Pictograms Table of content Head office Elia Key events EXECUTIVE REPORT Consolidated results 2013 2012 2011 20101 2009 Boulevard de l’Empereur 20, B-1000 Bruxelles Foreword* 2 (in millions €) T +32 2 546 70 11 - F +32 2 546 70 10 Key events 2013* 4 [email protected] Total revenues and other income 1,389.5 1,306.6 1,278.4 1,037.5 771.3 Infrastructure The Elia share in 2013 8 EBITDA* 486.9 455.5 448.9 687.9 327.9 Contacts REBITDA* 486.9 455.5 448.9 409.4 327.9 THE ELIA GROUP Barbara Verhaegen, T +32 2 546 73 78 Operating profit (REBIT*) 345.4 305.4 308.0 281.9 225.8 Exploitation Two system operators, one European group 16 Axelle Pollet, T +32 2 546 75 11 Operating profit (EBIT*) 345.4 305.4 308.0 560.4 225.8 Operating grid infrastructure 18 Net finance costs (108.5) (134.8) (128.6) (123.2) (120.5) Concept and editorial staff Operating electricity grids 32 Income tax expenses (61.5) (16.2) (43.3) (34,0) (20.0) Elia, departement Communication Market Facilitating the market 39 Profit attributable to the Owners of the Beyond our borders 42 Company 175.8 155.0 137.5 401.7 84.0 Graphic design and coordination Elia viewed from the inside 45 Basic earnings per share, incl. non- www.witvrouwen.be recurring elements (€) 2.90 2.57 2.28 7.36 1.75 Beyond our borders Basic earnings per share, excl. non- CHALLENGES AND PROSPECTS Photos Elia recurring items (€) 2.90 2.57 2.28 2.26 1.75 Social Responsibility of the Elia Group 60 Antonio Caliaro (Elia), Marianne Celis (Elia), Dividend per share (€) 1.54 1.47 1.47 1.40 1.38 Elia viewed from the inside Challenge 1: Security of Supply 62 Gaëtan Delcuve (Elia), Guy Van Hooveld, Marc Van Eyken (Bozo), Challenge 2: Construction of the single market 67 Julien De Wilde (Reporters), Michel Gouverneur (Reporters), Challenge 3: Integration of renewable energies 71 Wim Beddegenoodts (Reporters), Olivier Polet (Reporters), Consolidated statement Preparing the future: Research & Development* 66, 70, 76 of financial position 31.12.2013 31.12.2012 31.12.2011 31.12.2010 31.12.2009 Eric Herschaft (Reporters), Photothèque Elia Licence to operate 77 (in millions €) Photos 50Hertz Prospects and challenges for 2014* 86 Total assets 6,532.2 6,187.0 5,843.8 5,904.0 4,451.9 Picture of Stephan Singer: © WWF Equity, attributable to the Heike Müller © UfU CORPORATE GOVERNANCE STATEMENT * Owners of the Company 2,209.1 2,108.5 2,046.9 2,007.2 1,365.4 Dr. Klaus Kleinekorte © Amprion Composition of management bodies 90 Net financial debt 2,733.8 2,910.8 2,532.9 2,551.4 2,444.4 Archiv 50Hertz, Jan, Pauls, Andreas Teich Equity per share (€) 36.5 34.9 33.9 36.8 28.4 Significant events in 2013 93 Number of shares (end of period) 60,568,229 60,555,809 60,355,217 60,355,217 48,270,255 Remuneration of the Board of Directors and Editor Management Committee 99 Ilse Tant Features of the internal control and risk management systems 103 Risks and uncertainties facing the company 107 FINANCIAL REPORT Ce document est également disponible en français. Declaration by responsible persons 112 Dit document is ook beschikbaar in het Nederlands. Consolidated financial statements IFRS* 114 April 2014 Notes to the consolidated financial statements* 119 Annual Joint auditors’ report on the consolidated financial statements 166 Regulatory framework and tariffs* 168 Information about the parent company* 172 Report 2013 Reporting parameters 175 ANNUAL REPORT 2013 A responsible company ELIA serving its customers and the community in Belgium and Germany * EBIT = earnings before interest and taxes - EBITDA = EBIT + depreciation / amortization / impairment and changes in provisions - REBIT = Recurring EBIT - REBITDA = Recurring EBITDA. 1 The results of 50Hertz Transmission, consolidated at Eurogrid International level for the period from June to December 2010, were included in the consolidated Elia Group IFRS figures as at 31 December 2010 (60% proportionate consolidation). 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