BALANCE SHEET Assets Property, plant and equipment: 30. 6. 2014 31. 12. 2013 Plant in service 319 440 319 081 Less accumulated provision for depreciation (188 197) (182 282) Net plant in service 131 243 136 799 Nuclear fuel, at amortized cost 10 677 10 627 Construction work in progress 91 748 86 512 Total property, plant and equipment 233 668 233 938 Other non-current assets: Investments and other financial assets, net 189 792 192 512 Intangible assets, net 532 572 Total other non-current assets 190 324 193 084 Current assets: Total non-current assets 423 992 427 022 Cash and cash equivalents 22 867 14 166 Receivables, net 58 656 56 480 Income tax receivable 1 701 807 Materials and supplies, net 5 069 4 535 Fossil fuel stocks 488 593 Emission rights 4 874 7 300 Other financial assets, net 41 058 37 206 Other current assets 903 1 148 Total current assets 135 616 122 235 Total assets 559 608 549 257 Equity and liabilities Equity: Stated capital 53 799 53 799 Treasury shares (4 382) (4 382) Retained earnings and other reserves 161 742 155 826 Total equity 211 159 205 243 Long-term liabilities: Long-term debt, net of current portion 141 395 162 746 Accumulated provision for nuclear decommissioning and fuel storage 43 593 43 641 Other long-term liabilities 9 486 10 321 Total long-term liabilities 194 474 216 708 Deferred tax liability 10 722 8 744 Current liabilities: Short-term loans 202 2 230 Current portion of long-term debt 31 122 24 713 Trade and other payables 105 532 78 844 Accrued liabilities 6 397 12 775 Total current liabilities 143 253 118 562 Total equity and liabilities 559 608 549 257
STATEMENT OF INCOME Revenues: 4-6/2014 1-6/2014 4-6/2013 1-6/2013 Sales of electricity 17 488 36 188 20 457 44 047 Gains and losses from electricity, coal and gas derivative trading, net 1 217 3 316 1 984 4 825 Sales of gas, heat and other revenues 2 134 5 067 2 140 5 401 Total revenues 20 839 44 571 24 581 54 273 Operating expenses: Fuel (2 281) (5 029) (2 420) (5 265) Purchased power and related services (6 230) (14 085) (8 180) (18 917) Repairs and maintenance (621) (1 100) (687) (1 254) Depreciation and amortization (3 364) (6 665) (3 368) (6 655) Salaries and wages (1 566) (3 010) (1 453) (2 842) Materials and supplies (370) (694) (394) (700) Emission rights, net (7) 372 (264) 117 Other operating expenses (1 753) (3 371) (1 382) (3 159) Total expenses (16 192) (33 582) (18 148) (38 675) Income before other income (expenses) and income taxes 4 647 10 989 6 433 15 598 Other income (expenses): Interest on debt, net of capitalized interest (996) (2 081) (1 220) (2 429) Interest on nuclear and other provisions (393) (787) (381) (762) Interest income 384 785 499 1 039 Foreign exchange rate gains (losses), net (117) (182) 12 131 Other income (expenses), net 18 226 18 080 14 365 14 461 Total other income (expenses) 17 104 15 815 13 275 12 440 Income before income taxes 21 751 26 804 19 708 28 038 Income taxes (551) (1 518) (867) (2 349) Net income 21 200 25 286 18 841 25 689
STATEMENT OF COMPREHENSIVE INCOME 4-6/2014 1-6/2014 4-6/2013 1-6/2013 Net income 21 200 25 286 18 841 25 689 Other comprehensive income - items that may be reclassified subsequently to income statement: Change in fair value of cash flow hedges recognized in equity 258 2 918 248 (632) Cash flow hedges removed from equity (386) (791) (553) (2 545) Change in fair value of available-for-sale financial assets recognized in equity 247 320 (215) (311) Deferred tax relating to other comprehensive income (23) (465) 99 663 Other comprehensive income, net of tax 96 1 982 (421) (2 825) Total comprehensive income 21 296 27 268 18 420 22 864
STATEMENT OF CHANGES IN EQUITY Stated Capital Treasury Shares Cash flow hedge reserve Available-forsale and other reserves Retained Earnings Total Equity December 31, 2012 53 799 (4 382) 1 467 1 168 158 859 210 911 Net income 25 689 25 689 Other comprehensive income (2 574) (251) (2 825) Total comprehensive income - - (2 574) (251) 25 689 22 864 Dividends (21 365) (21 365) Share options 19 19 Transfer of exercised and forfeited share options within equity (56) 56 - June 30, 2013 53 799 (4 382) (1 107) 880 163 239 212 429 December 31, 2013 53 799 (4 382) (8 692) 772 163 746 205 243 Net income 25 286 25 286 Other comprehensive income 1 723 259 1 982 Total comprehensive income - - 1 723 259 25 286 27 268 Dividends (21 365) (21 365) Share options 13 13 Transfer of exercised and forfeited share options within equity (24) 24 - June 30, 2014 53 799 (4 382) (6 969) 1 020 167 691 211 159
STATEMENT OF CASH FLOWS 1-6/2014 1-6/2013 Operating activities: Income before income taxes 26 804 28 038 Adjustments to reconcile income before income taxes to net cash provided by operating activities: Depreciation, amortization and asset write-offs 6 665 6 655 Amortization of nuclear fuel 1 712 1 448 Loss (gain) on fixed assets retirements, net (21) (38) Foreign exchange rate losses (gains), net 182 (131) Interest expense, interest income and dividends income, net (19 400) (12 906) Provision for nuclear decommissioning and fuel storage (218) (129) Valuation allowances, other provisions and other adjustments (1 057) (3 277) Changes in assets and liabilities: Receivables 8 591 9 205 Materials and supplies (534) 235 Fossil fuel stocks 105 639 Other current assets (575) (20 518) Trade and other payables (328) 7 438 Accrued liabilities (2 438) (6 358) Cash generated from operations 19 488 10 301 Income taxes paid (899) (2 395) Interest paid, net of capitalized interest (2 464) (2 642) Interest received 839 763 Dividends received 335 231 Net cash provided by operating activities 17 299 6 258 Investing activities: Acquisition of subsidiaries, associates and joint-ventures (106) (1 030) Proceeds (refunds) from disposal of subsidiaries, associates and joint-ventures 26 - Additions to property, plant and equipment and other non-current assets, including capitalized interest (10 560) (14 029) Proceeds from sales of fixed assets 14 319 Loans made (53) (4 039) Repayments of loans 10 035 1 171 Change in restricted financial assets (505) (513) Total cash used in investing activities (1 149) (18 121) Financing activities: Proceeds from borrowings 3 638 38 874 Payments of borrowings (21 353) (27 860) Proceeds from other long-term liabilities - 1 300 Change in payables/receivables from group cashpooling 10 326 11 647 Dividends paid (46) (39) Net cash provided by (used in) financing activities (7 435) 23 922 Net effect of currency translation in cash (14) (7) Net increase (decrease) in cash and cash equivalents 8 701 12 052 Cash and cash equivalents at beginning of period 14 166 8 815 Cash and cash equivalents at end of period 22 867 20 867 Supplementary cash flow information Total cash paid for interest 5 059 4 502