CEZ GROUP Balance Sheet in accordance with IFRS as of December 31, 2008 Subsidiaries (in CZK Millions) ALLEWIA leasing CEZ Bosna i Hercegovina d.o.o. CEZ Bulgaria EAD CEZ Ciepło Polska sp. z o.o. CEZ Deutschland GmbH CEZ Distributie S.A. Assets: Property, plant and equipment: Plant in service 41 0 186-0 13 056 Less accumulated provision for depreciation 27-78 - - 2 146 Net plant in service 14 0 109-0 10 910 Nuclear fuel, at amortized cost - - - - - - Construction work in progress - - 16 - - 152 Total property, plant and equipment 14 0 125-0 11 062 Other non-current assets: Investments and other financial assets, net - - - - - 1 Intangible assets, net - - 32-0 11 Deferred tax assets - - 1 - - 274 Total other non-current assets - - 34-0 286 Total non-current assets 14 0 158-0 11 349 Current assets: Cash and cash equivalents 8 20 1 0 43 3 894 Receivables, net 34 0 277 0 0 1 393 Income tax receivable - - 2-1 - Materials and supplies, net - - 175 - - 39 Fossil fuel stocks - - - - - - Emission rights - - - - - - Other financial assets, net - - - - - - Other current assets 3-9 - 0 34 Total current assets 46 20 464 0 44 5 361 Total assets 60 20 622 0 44 16 710
CEZ GROUP Balance Sheet in accordance with IFRS as of December 31, 2008 Subsidiaries (in CZK Millions) ALLEWIA leasing CEZ Bosna i Hercegovina d.o.o. CEZ Bulgaria EAD CEZ Ciepło Polska sp. z o.o. CEZ Deutschland GmbH CEZ Distributie S.A. Equity and liabilities: Equity: Stated capital 32 20 3 1 47 6 262 Retained earnings and other reserves (10) (0) 5 (1) (5) 6 936 Total equity 22 20 8 0 43 13 198 Long-term liabilities: Long-term debt, net of current portion - - - - - - Accumulated provision for nuclear decommissioning and fuel storage - - - - - - Other long-term liabilities - - 15 - - 1 595 Total long-term liabilities - - 15 - - 1 595 Deferred taxes liability - - - - - - Current liabilities: Short-term loans - - 13 - - - Current portion of long-term debt - - - - - - Trade and other payables 33 0 579 0 (0) 753 Income tax payable 1 - - - - 93 Accrued liabilities 3-6 0 1 1 070 Total current liabilities 37 0 599 0 1 1 917 Total equity and liabilities 60 20 622 0 44 16 710 Note: This statement includes figures submitted to the consolidation system by subsidiaries.
CEZ Elektro Bulgaria AD CEZ Elektroproizvodstvo Bulgaria AD CEZ FINANCE B.V. CEZ Hungary Ltd. CEZ Chorzow B.V. CEZ Laboratories Bulgaria EOOD CEZ MH B.V. CEZ Poland Distribution B.V. CEZ Polska sp. z o.o. CEZ Razpredelenie Bulgaria AD 0 - - 2-7 - - 13 11 786 - - - 1-1 - - 1 5 374 0 - - 1-6 - - 11 6 413 - - - - - - - - - 843 0 - - 1-6 - - 11 7 256 - - 10 748 0 1 088-16 543 2 364 - - 0 - - - - - - - 30 26 37 - - - - 0 - - - - 37-10 748 0 1 088 0 16 543 2 364 30 26 37-10 748 1 1 088 7 16 543 2 364 42 7 282 1 339 10 70 0 12 1 1 144 9 1 146 1 727-517 58 2 4 1 327-13 989 7-3 0-0 - - - 5 - - - - - 0 - - - 11 - - - 1 000 - - - - - - 0-287 201-0 1-1 44 3 073 10 877 1 260 13 6 1 329 144 22 2 196 3 110 10 11 625 1 262 1 101 12 17 872 2 508 64 9 477
CEZ Elektro Bulgaria AD CEZ Elektroproizvodstvo Bulgaria AD CEZ FINANCE B.V. CEZ Hungary Ltd. CEZ Chorzow B.V. CEZ Laboratories Bulgaria EOOD CEZ MH B.V. CEZ Poland Distribution B.V. CEZ Polska sp. z o.o. CEZ Razpredelenie Bulgaria AD 1 9 0 34 1 1 1 1 084 50 30 1 422 0 76 190 258 1 (5 985) 1 274 (32) 7 773 1 423 10 77 224 259 2 (5 983) 2 359 18 7 803 - - 10 748 - - - - - - - 230 - - - 842 1 - - 19 741 230-10 748-842 1 - - 19 741 - - - 50 - - - - - 265 - - - 46 - - 16 158 - - - 951-518 750 0 9 7 697 148 20 553 506-283 191 0 0 1 1 7 115 1 457-800 987 1 10 23 855 149 27 668 3 110 10 11 625 1 262 1 101 12 17 872 2 508 64 9 477
CEZ Romania S.R.L. CEZ RUS OOO CEZ Servicii S.A. CEZ Silesia B.V. CEZ Slovensko, CEZ Srbija d.o.o. CEZ Trade Bulgaria EAD CEZ Trade Polska sp. z o.o. CEZ Trade Romania S.R.L. CEZ Ukraine CJSC 18 2 36-1 3 0 0-0 9 0 14-0 1 0 0-0 9 1 23-0 2 0 0-0 9 1 23-0 2 0 0-0 2-0 1 144 - - - - 0-0 - 1 - - 0-1 - 0 2 2 5-2 2 0-0 - 4 2 7 1 144 2 2 0 1 0 0 13 3 29 1 144 3 3 0 1 0 0 13 16 28 0 668 9 12 49 48 8 183 38 82-457 113 229 219 37 - - - 2 - - - - - - - 33 - - - 0 - - - - - - - - - 879 - - - 27-1 0 1-0 1 2 0 0 1 229 55 114 0 2 005 123 243 268 112 10 242 58 143 1 144 2 007 126 243 269 113 10
CEZ Romania S.R.L. CEZ RUS OOO CEZ Servicii S.A. CEZ Silesia B.V. CEZ Slovensko, CEZ Srbija d.o.o. CEZ Trade Bulgaria EAD CEZ Trade Polska sp. z o.o. CEZ Trade Romania S.R.L. CEZ Ukraine CJSC 4 74 52 1 8 32 7 27 13 23 6 (16) (5) 1 143 231 (17) 5 (13) 4 (13) 9 58 47 1 144 239 15 13 14 17 10 2-23 - - - - - - - 2-23 - - - - - - - - - - - 50 - (0) - 1-0 - - - 0 4 4-0 0 142 0 39 0 1 289 102 226 246 75 0 0 - - - 6-1 - 0-88 - 33 0 424 5 0 9 19-231 0 72 1 1 718 111 231 255 94 0 242 58 143 1 144 2 007 126 243 269 113 10
CEZ Vanzare S.A. ČEZ Distribuce, a. s. ČEZ Distribuční služby, ČEZ Energetické produkty, ČEZ Energetické služby, ČEZ ICT Services, a. s. ČEZ Logistika, ČEZ Měření, ČEZ Obnovitelné zdroje, ČEZ Prodej, - 189 976 6 935 0 654 4 785 24 92 2 851 5 686-126 132 1 498 0 306 3 055 8 59 777 1 195-63 844 5 437 0 348 1 729 17 33 2 074 4 491-4 011 7-9 730 - - 125 - - 67 855 5 444 0 357 2 459 17 33 2 199 4 491 0 0 0-7 24 0 0 0 449-90 0 7 3 3 334-3 2-1 - - - - - 2 8 - - 1 90 1 7 11 3 358 2 11 2 449 1 67 945 5 444 7 368 5 817 18 44 2 201 4 940 497 0 0 0 0 1 0 0 0 0 1 422 12 933 1 916 76 168 1 462 922 676 276 6 931 - - - - - - - 9-52 - 226 24-4 14 140 50 2 2 - - - - (0) - - - - - 3 718 3 0 13 72 2 1 2 8 443 1 922 13 877 1 942 76 185 1 549 1 064 736 280 15 429 1 923 81 822 7 386 83 553 7 366 1 082 780 2 481 20 369
CEZ Vanzare S.A. ČEZ Distribuce, a. s. ČEZ Distribuční služby, ČEZ Energetické produkty, ČEZ Energetické služby, ČEZ ICT Services, a. s. ČEZ Logistika, ČEZ Měření, ČEZ Obnovitelné zdroje, ČEZ Prodej, 373 49 603 5 331 5 446 1 895 200 216 1 404 5 502 (172) 5 715 468 9 (52) 3 404 517 294 712 1 346 201 55 318 5 799 14 394 5 299 717 510 2 116 6 848 2 6 942 141-9 144 5 55 12 9 2 6 942 141-9 144 5 55 12 9-6 381 974-9 288 - - 273 858 927 11 341 314 65 100 801 316 161 40 3 260 27 124 5 3-14 15-23 - 767 1 715 155 1 40 820 30 55 17 9 394 1 721 13 180 473 69 141 1 635 360 215 80 12 654 1 923 81 822 7 386 83 553 7 366 1 082 780 2 481 20 369
ČEZ Správa majetku, ČEZ Teplárenská, ČEZ Zákaznické služby, Elektrociepłownia Chorzów ELCHO sp. z o.o. Elektrownia Skawina S.A. M.W. Team Invest S.R.L.. NERS d.o.o. New Kosovo Energy L.L.C. Ovidiu Development S.R.L. PPC Úžín, 7 381 2 237-8 466 5 043-1 1-46 3 698 504-1 130 690 - - 1 - - 3 683 1 733-7 336 4 353-1 1-46 84 12-2 40 520 5-0 40 3 767 1 745-7 338 4 393 520 5 1 0 86 30 80-0 0-0 - - - 0 1 1 2 5-7 - - - - - 5 - - - - - - - 30 81 6 2 5-7 - - - 3 797 1 825 6 7 340 4 398 520 13 1 0 86 4 0 3 170 8 0 54 1 0 74 465 325 495 279 371 0 0 5 0 0-6 - - 6 0 - - - - 5 2-27 63 - - - - - - 19-68 289 - - - - - - - - 95 155 - - - - - 134 29 3 78 3 1 0-2 1 609 380 500 717 896 2 55 6 2 75 4 406 2 205 505 8 057 5 294 522 67 6 2 160
ČEZ Správa majetku, ČEZ Teplárenská, ČEZ Zákaznické služby, Elektrociepłownia Chorzów ELCHO sp. z o.o. Elektrownia Skawina S.A. M.W. Team Invest S.R.L.. NERS d.o.o. New Kosovo Energy L.L.C. Ovidiu Development S.R.L. PPC Úžín, 3 436 215 20 858 326 586 11 27-160 690 1 560 309 2 367 2 667 (68) (64) (21) 0 (1) 4 126 1 775 329 3 225 2 993 518 (53) 6 0 159 - - - - 61 - - - - - 11 3 11 4 210 650 - - - - - 11 3 11 4 210 711 - - - - - 2 250-182 460 - - - - - - - - - 19 - - - - - - - - - 123 - - - - - 132 89 94 340 783 4 110 (0) 2 1 4-12 - - - - - 0 0 131 86 59 100 205-10 0 0-267 176 164 440 1 131 4 120 0 2 1 4 406 2 205 505 8 057 5 294 522 67 6 2 160
PRODECO, SD - 1.strojírenská, SD - Autodoprava, SD - Kolejová doprava, SD - KOMES, SD - Rekultivace, Severočeské doly STE - obchodní služby spol. s r.o. v likvidaci ŠKODA PRAHA ŠKODA PRAHA Invest 47 163 1 105 617 290 46 29 959 0 0 3 16 80 665 226 60 7 18 051 0 0 0 31 83 440 392 231 39 11 908-0 3 0-6 - 3-1 488 - - 0 31 83 446 392 233 39 13 396-0 3 120 - - 0 0-9 476-338 115 54 0 - - 2 0 59-4 22 7 - - - - - - - - 19 181 0-0 3 0 9 535-342 156 212 84 446 392 236 39 22 930-342 159 603 101 36 26 0 14 106 4 80 417 103 130 52 78 105 101 7 267 0 610 3 254 0-2 2 0 - - - - - 341 114 1 1 51 0 389-11 6 707 - - - - - - 9 - - - - - 15 - - - 1 771 - - - 422 74 0 1 2 0 161 0 22 86 1 469 419 107 107 159 115 9 703 4 723 10 465 1 681 502 553 499 394 153 32 633 4 1 064 10 624
PRODECO, SD - 1.strojírenská, SD - Autodoprava, SD - Kolejová doprava, SD - KOMES, SD - Rekultivace, Severočeské doly STE - obchodní služby spol. s r.o. v likvidaci ŠKODA PRAHA ŠKODA PRAHA Invest 55 67 331 355 182 48 9 081 24 96 1 73 72 142 25 79 35 9 489 (21) 449 31 128 139 473 380 260 83 18 569 3 544 32 20 1 - - 1-6 386-10 118 20 1 - - 1-6 386-10 118-7 25 55 10 1 409-0 - - - - - 33-5 690 - - - 1 481 334 42 60 88 52 1 221 0 95 10 217-0 - - - 8 156 1 12 17 52 22 12 4 2 9 202 0 403 240 1 533 356 55 64 123 69 7 269 1 509 10 474 1 681 502 553 499 394 153 32 633 4 1 064 10 624
TEC Varna EAD Tomis Team S.R.L.. Transenergo Ústav jaderného International N.V. výzkumu Řež ZAO TransEnergo 4 660 7-2 051 0 2 000 - - 1 225-2 661 7-825 0 - - - 21-10 2 328-36 10 2 671 2 335-882 10-586 19 148-1 - - 22 - - - - - 1 1 586 19 170 1 2 672 2 921 19 1 052 11 349 131 1 60 0 2 470 121-481 21 41 - - - 0 161 - - 197-1 629 - - - - - - - - - - - - - - 2 4-12 - 4 653 257 1 750 21 7 325 3 177 20 1 802 32
TEC Varna EAD Tomis Team S.R.L.. Transenergo Ústav jaderného International N.V. výzkumu Řež ZAO TransEnergo 123 3 129 1 524 2 6 226 (310) (0) 390 14 6 349 2 819 1 914 17 - - - 56 - - - - 210-25 143 17 47-25 143 17 312-208 - - 43 - - - - 13 - - - - 41 15 589 25 2 256 0 - - - 9-154 190 1 215-743 216 3 533 15 7 325 3 177 20 1 802 32
CEZ GROUP Statement of Income in accordance with IFRS as of December 31, 2008 Subsidiaries (in CZK Millions) ALLEWIA leasing CEZ Bosna i Hercegovina d.o.o. CEZ Bulgaria EAD CEZ Ciepło Polska sp. z o.o. CEZ Deutschland GmbH CEZ Distributie S.A. Revenues: Sales of electricity - - - - 164 4 771 Gains and losses from electricity, coal and gas derivative trading, net - - - - - - Heat sales and other revenues 34-1 328 - - 222 Total revenues 34-1 328-164 4 993 Operating expenses: Fuel - - - - - - Purchased power and related services (21) - (0) - (162) (1 367) Repairs and maintenance (0) - (12) - (0) (442) Depreciation and amortization (2) - (43) - (0) (719) Salaries and wages (5) - (226) - (3) (920) Materials and supplies (0) (0) (23) - - (16) Emission rights, net - - - - - - Other operating expenses (0) (1) (1 001) (0) (2) (750) Total expenses (28) (1) (1 307) (0) (167) (4 214) Income before other income (expenses) and income taxes 6 (1) 21 (0) (4) 779 Other income (expenses): Interest on debt, net of capitalized interest - - (16) - - - Interest on nuclear and other provisions - - - - - - Interest income 0 0 0 - - 315 Foreign exchange rate gains (losses), net - - (2) - - 41 Gain (loss) on sale of subsidiaries and associates - - - - - - Other income (expenses), net (0) - (0) (0) 1 0 Total other income (expenses) (0) 0 (18) (0) 1 356 Income before income taxes 5 (1) 3 (0) (3) 1 135 Income taxes (1) - (1) - - (268) Net income 4 (1) 3 (0) (3) 867 Note: This statement includes figures submitted to the consolidation system by subsidiaries.
CEZ Elektro Bulgaria AD CEZ FINANCE B.V. CEZ Hungary Ltd. CEZ Chorzow B.V. CEZ Laboratories Bulgaria EOOD CEZ MH B.V. CEZ Poland Distribution B.V. CEZ Polska sp. z o.o. CEZ Razpredelenie Bulgaria AD CEZ Romania S.R.L. 13 673-2 172 - - - - - 4 687 - - - 199 - - - - - - - 6 - - - 14 - - 58 127 628 13 679-2 371-14 - - 58 4 814 628 (13 302) - (2 170) - (0) - - - (1 859) (11) - - (0) - (0) - - - (49) (16) (0) - (0) - (1) - - (4) (811) (6) (20) - (9) - (9) - - (22) (580) (150) (0) - (0) - (1) - - (1) (153) (17) (228) (2) (13) (1) (3) (4) (2) (46) (617) (425) (13 551) (2) (2 192) (1) (14) (4) (2) (73) (4 069) (624) 129 (2) 179 (1) 0 (4) (2) (16) 745 4 - (494) (1) (33) (0) (635) - (2) (0) - 76 503 0 20-719 1 0 60 3 - - 3 (17) (0) - 0 (2) (0) (5) (0) (0) 18 (2) (0) (5 622) (0) - (0) 2 76 9 21 (32) (0) (5 539) 1 (3) 59 (1) 204 8 199 (33) 0 (5 543) (0) (19) 804 3 (21) (1) (40) (1) - - - - (83) (1) 183 6 159 (34) 0 (5 543) (0) (19) 722 2
CEZ RUS OOO CEZ Servicii S.A. CEZ Silesia B.V. CEZ Slovensko, CEZ Srbija d.o.o. CEZ Trade Bulgaria EAD CEZ Trade Polska sp. z o.o. CEZ Trade Romania S.R.L. CEZ Ukraine CJSC CEZ Vanzare S.A. 1 - - 4 053 356 1 479 1 358 456-8 707 - - - 381 1 (0) - 60 - - - 509-0 1-1 - - 63 1 509-4 433 357 1 479 1 360 516-8 770 - - - (4 037) (350) (1 464) (1 338) (473) - (7 891) (1) (1) - (0) (0) - - - - - (0) (14) - (0) (1) (0) (1) - (0) - (8) (170) - (11) (3) (3) (13) (7) (1) (33) (0) (13) - (1) (0) (0) (0) - (0) (0) - - - - - - 0 - - (12) (6) (291) (1) (19) (7) (5) (10) 2 (4) (753) (15) (488) (1) (4 068) (360) (1 473) (1 362) (477) (5) (8 690) (13) 21 (1) 365 (3) 6 (2) 39 (5) 80 - - (0) (0) (1) (0) (6) (0) - - - 4 33 5 0 0 0 1-44 (0) 0 45 5 (4) - 0 1 (0) 0 0 0 (0) (0) (1) (0) (0) - (0) - 0 4 78 9 (5) (1) (6) 2 (1) 44 (13) 25 76 375 (9) 5 (8) 41 (6) 124 2 (5) (8) (71) 1 (1) - (7) - (110) (11) 20 68 303 (8) 5 (8) 34 (6) 14
ČEZ Distribuce, a. s. ČEZ Distribuční služby, ČEZ Energetické produkty, ČEZ Energetické služby, ČEZ ICT Services, a. s. ČEZ Logistika, ČEZ Měření, ČEZ Obnovitelné zdroje, ČEZ Prodej, ČEZ Správa majetku, 33 520 - - 6 - - - 451 78 033-231 4 169 114 1 378 4 684 4 596 1 696 5 114 1 877 33 752 4 169 114 1 384 4 684 4 596 1 696 456 78 147 1 877 (16 263) (1) (0) (235) (7) (2) - (2) (73 458) (111) (1 881) (415) (0) (58) (61) (2) (2) (28) (0) (192) (4 285) (473) (0) (30) (1 292) (4) (11) (153) (379) (365) (864) (1 403) (16) (187) (671) (129) (541) (74) (239) (211) (302) (342) (1) (26) (54) (6) (291) (6) (14) (227) (5 625) (1 114) (85) (886) (1 110) (3 858) (563) (71) (2 211) (535) (29 219) (3 748) (102) (1 422) (3 195) (4 000) (1 409) (334) (76 300) (1 641) 4 532 421 12 (38) 1 489 596 287 122 1 847 235 (0) - (0) (1) (48) (0) - - (13) (7) - - - - - - - - (5) - 138 52 0 2 37 16 15 6 48 3 (0) (0) (0) (0) (24) 0 (0) (0) (58) (3) (1) (0) (0) (0) (1) (1) (0) (0) (257) (0) 137 51 (0) 1 (36) 15 15 6 (286) (8) 4 670 472 12 (37) 1 453 611 302 128 1 561 228 (888) (110) (3) 6 (296) (130) (68) (27) (371) (13) 3 782 362 9 (31) 1 157 481 233 101 1 190 215
ČEZ Teplárenská, ČEZ Zákaznické služby, Elektrociepłownia Chorzów ELCHO sp. z o.o. Elektrownia Skawina S.A. M.W. Team Invest S.R.L.. NERS d.o.o. New Kosovo Energy L.L.C. Ovidiu Development S.R.L. PPC Úžín, PRODECO, - - 2 219 1 753 - - - - - - 962 1 326 388 409 - - - - - 503 962 1 326 2 607 2 163 - - - - - 503 (121) - (654) (1 229) - - - - - - (523) (0) (37) (21) - (0) - - (0) (1) (37) (0) (33) (42) - - - - - (1) (141) (0) (237) (281) - (0) (0) - - (6) (66) (444) (94) (268) - (7) (2) - (1) (46) (7) (19) (42) (48) - (0) (0) - (0) (593) - - 104 218 - - - - - - (47) (491) (328) (379) (1) (17) (7) 1 (0) 188 (941) (955) (1 320) (2 049) (1) (25) (9) 1 (1) (459) 20 371 1 286 113 (1) (25) (9) 1 (1) 44 (0) - (396) (57) (11) (8) - - - - 6 13 24 4 0 3 0-2 17-0 (99) 0 (57) - - (0) - 1 (0) (0) 10 (0) - (0) (0) - (0) (2) 5 13 (461) (53) (68) (6) 0 (0) 2 16 26 384 825 60 (69) (31) (9) 1 1 61 (6) (89) (173) (14) - - (0) (0) (0) (16) 20 295 653 46 (69) (31) (9) 1 1 45
SD - 1.strojírenská, SD - Autodoprava, SD - Kolejová doprava, SD - KOMES, SD - Rekultivace, Severočeské doly STE - obchodní služby spol. s r.o. v likvidaci ŠKODA PRAHA ŠKODA PRAHA Invest TEC Varna EAD - - - - - 41 - - - 4 044 859 468 341 798 270 10 237 6 556 11 081 4 859 468 341 798 270 10 278 6 556 11 081 4 048 - - - (0) - - - - - (3 370) (12) (5) (27) (14) (0) (874) (1) (0) (6) (19) (13) (18) (59) (3) (1) (596) (1) (0) (0) (62) (17) (111) (39) (7) (7) (1 226) (0) (5) (3) (359) (237) (153) (91) (20) (22) (1 630) (2) (81) (340) (173) (228) (115) (13) (4) (20) (635) (0) (244) (6) (72) - - - - - - - - - (98) (331) (37) (94) (742) (180) (1 723) 13 (346) (10 602) (215) (837) (439) (324) (790) (230) (6 685) 8 (676) (10 957) (4 369) 22 29 17 8 40 3 593 15 (120) 124 (320) - - - (1) - (193) (1) (0) (0) (2) - - - - - (281) - - - - 1 0 2 0 1 340 0 20 9 127 (0) 0 - (0) - (8) - 42 (36) (0) - - - - - - - 388 - - (0) 1 (0) 1 (0) 507 (0) 23 (53) (1) 1 2 2 (0) 1 365 (1) 473 (81) 124 23 30 19 7 41 3 958 14 353 43 (197) (6) (7) (5) (2) (9) (812) (0) 10 (12) 19 17 24 15 5 32 3 146 14 364 31 (177)
Tomis Team S.R.L.. Transenergo International N.V. Ústav jaderného výzkumu Řež ZAO TransEnergo - - - - - - - - - - 1 163 - - - 1 163 - - - (7) - - - (39) - - - (36) - - - (109) (0) - - (604) (1) (0) - (71) - - - - - (36) (1) (221) (5) (36) (1) (1 087) (6) (36) (1) 76 (6) (56) (1) (9) (0) - - (15) - 13-2 - (230) 2 3 (0) - - - - - (0) (15) 0 (273) 2 (34) 0 (309) 0 42 (6) - - (26) (3) (309) 0 16 (9)