Page 63 - KELAG Annual Report 2017
P. 63

ASSETS AND LIABILITIES OF INVESTEES ACCOUNTED FOR USING
                                       THE EQUITY METHOD
                                       Current assets                                        21.5        24.8
                                       Non-current assets                                  4,663.9     4,800.5
                                       Liabilities                                         2,560.3     2,771.8

                                       EQUITY – 100%                                       2,125.1    2,053.4
                                       KELAG’s share in equity                               217.2      209.9
                                       Differences from accounting using the equity method   -56.0      -55.8
                                       Carrying amount of associates accounted for using the equity method   161.3   154.1
                                       as of 31/12



                                      The company disclosed its 10.02% investment in VERBUND Hydro Power GmbH as its significant
                                      associate. Its key financials break down as follows:











                                       Revenue                                               654.0      676.9
                                       Earnings after taxes from continuing operations       167.7      180.1
                                       KELAG’s shareholding                               10.022%     10.022%
                                       PROFIT/LOSS FROM ASSOCIATES ACCOUNTED FOR USING THE
                                       EQUITY METHOD                                         16.8        18.0
                                       Earnings after taxes from continuing operations       167.7      180.1
                                       Other comprehensive income                             3.3        -2.1
                                       Total comprehensive income                            171.0      178.0
                                       KELAG’s shareholding                               10.022%     10.022%
                                       TOTAL COMPREHENSIVE INCOME FROM ASSOCIATES
                                       ACCOUNTED FOR USING THE EQUITY METHOD                 17.1        17.8
                                       Dividends received from associates                    10.0        20.0
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