Page 144 - KELAG Annual Report 2019
P. 144

The  differences  between the  share  in  equity  and  the carrying amount  of  the  investment  are
                                      mainly due to the first-time recognition of an associate as part of business combinations achieved
                                      in stages as well as the effects rolled forward from first-time consolidation.

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












                                       Revenue                                               841.6      617.1
                                       Consolidated net profit from continuing operations    379.4      212.7
                                       KELAG’s shareholding                                10.02%      10.02%
                                       KELAG’S SHARE IN PROFIT                               38.0        21.3
                                       Consolidated net profit from continuing operations    379.4      212.7
                                       Other comprehensive income                            -35.4      -11.8
                                       Total comprehensive income for the period             344.0      200.9
                                       KELAG’s shareholding                                10.02%      10.02%
                                       KELAG’S SHARE IN TOTAL COMPREHENSIVE INCOME FOR THE
                                       PERIOD                                                34.5        20.1
                                       Dividends received from Verbund Hydro Power GmbH      15.0        15.0














                                       Current assets                                        170.3       34.6
                                       Non-current assets                                  4,655.3     4,617.9
                                       Current liabilities                                   324.1       93.4
                                       Non-current liabilities                             2,148.6     2,400.3

                                       EQUITY                                              2,352.8    2,158.8
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