Annual Report 2013 | Suomeksi |

Operational key figures, segments

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From 2005, Fortum applies International Financial Reporting Standards (IFRS) for the annual and interim reports. The 2005 annual report included one comparison year 2004, which was restated to IFRS. Segment numbers are presented based only on IFRS for comparison purposes, because in the transition to IFRS reportable segments were redefined and segment reporting as such was reassessed.
Following the acquisition of the Russian company, OAO Fortum, Fortum changed its segment reporting during 2008. Comparison numbers for 2004-2007 were restated in 2008.
For further information see Note 5 Segment reporting.
Sales by segment, EUR million 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Power 2,084 2,058 2,439 2,350 2,892 2,531 2,702 2,481 2,415 2,248
- of which internal 128 -97 -133 323 0 254 -281 -24 296 70
Heat 1,025 1,063 1,268 1,356 1,466 1,399 1,770 1,737 1,628 1,565
- of which internal 49 -12 -32 38 0 23 -8 8 18 8
Russia - - - - 489 632 804 920 1,030 1,119
- of which internal - - - - - - - - - -
Distribution 707 707 753 769 789 800 963 973 1,070 1,075
- of which internal 10 -8 8 9 10 13 18 15 37 36
Electricity Sales 1,387 1,365 1,912 1,683 1,922 1,449 1,798 900 722 744
- of which internal 92 -101 149 155 177 67 158 95 55 73
Other 90 91 78 81 83 71 51 108 137 69
- of which internal 93 -63 62 72 82 -5 169 115 -66 67
Eliminations -1,458 -1,407 -1,959 -1,760 -2,005 -1,447 -1,792 -958 -843 -764
Total 3,835 3,877 4,491 4,479 5,636 5,435 6,296 6,161 6,159 6,056
Comparable operating profit by segment, EUR million 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Power 730 854 985 1,095 1,528 1,454 1,298 1,201 1,146 858
Heat 207 253 253 290 250 231 275 278 271 273
Russia - - - - -92 -20 8 74 68 156
Distribution 240 244 250 231 248 262 307 295 320 331
Electricity Sales 23 30 -4 -1 -33 22 11 27 39 48
Other -52 -47 -47 -51 -56 -61 -66 -73 -92 -59
Comparable operating profit 1,148 1,334 1,437 1,564 1,845 1,888 1,833 1,802 1,752 1,607
Non-recurring items 18 30 61 250 85 29 93 284 155 61
Other items affecting comparability 29 -17 -43 33 33 -135 -218 316 -33 44
Operating profit 1,195 1,347 1,455 1,847 1,963 1,782 1,708 2,402 1,874 1,712
Comparable EBITDA by segment,
EUR million
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Power 834 966 1,093 1,198 1,625 1,547 1,398 1,310 1,260 1,003
Heat 331 376 397 453 419 393 462 471 481 489
Russia - - - - -25 55 94 148 189 258
Distribution 373 389 397 393 413 426 485 482 529 550
Electricity Sales 39 45 15 10 -26 28 13 29 40 50
Other -41 -35 -36 -39 -46 -51 -56 -66 -83 -51
Total 1,536 1,741 1,866 2,015 2,360 2,398 2,396 2,374 2,416 2,299
Depreciation, amortisation and impairment charges by segment,
EUR million
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Power 104 112 108 103 97 93 100 109 114 145
Heat 124 123 144 163 169 162 187 193 210 216
Russia - - - - 67 75 86 108 121 150
Distribution 133 145 147 162 165 164 178 187 209 219
Electricity Sales 16 15 19 11 7 6 2 2 1 2
Other 11 12 11 12 10 10 10 7 9 8
Total 388 407 429 451 515 510 563 606 664 740
Share of profit of associates and joint ventures by segment, EUR million 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Power -21 -21 -9 -23 26 -35 -25 3 -12 4
Heat 15 11 23 24 12 30 31 19 20 19
Russia - - - - 19 20 8 30 27 46
Distribution 16 20 15 18 16 10 19 14 8 5
Electricity Sales 0 1 1 0 5 0 1 2 0 0
Other 2 44 39 222 48 -4 28 23 -20 31
Total 12 55 69 241 126 21 62 91 23 105
Capital expenditure by segment,
EUR million
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Power 84 83 95 93 134 96 97 131 190 178
Heat 123 124 184 309 408 358 304 297 464 397
Russia - - - - 256 215 599 670 568 435
Distribution 106 115 183 236 296 188 213 289 324 260
Electricity Sales 10 10 8 3 3 1 0 5 1 1
Other 12 14 15 14 11 4 9 16 11 13
Total 335 346 485 655 1,108 862 1,222 1,408 1,558 1,284
Gross investments in shares by segment, EUR million 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Power 23 45 5 52 0 57 25 17 - 2
Heat 53 87 589 18 23 1 1 32 10 0
Russia 103 2 140 245 1,492 3 - 24 - 0
Distribution 0 - 130 1 0 5 0 - - 0
Electricity Sales 0 - 6 0 0 - - - - -
Other 0 - 40 1 1 1 1 1 6 13
Total 179 134 910 317 1,516 67 27 74 16 15
Gross divestments of shares by segment, EUR million 2009 2010 2011 2012 2013
Power 10 0 3 102 79
Heat 1 52 203 269 11
Russia - 43 23 - -
Distribution 1 46 323 37 52
Electricity Sales - - 16 2 -
Other 2 6 0 0 -
Total 14 147 568 410 142
Net assets by segment, EUR million 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Power 5,804 5,493 5,690 5,599 5,331 5,494 5,806 6,247 6,389 6,329
Heat 2,440 2,551 3,407 3,507 3,468 3,787 4,182 4,191 4,286 4,283
Russia 151 153 294 456 2,205 2,260 2,817 3,273 3,848 3,846
Distribution 3,091 3,021 3,412 3,239 3,032 3,299 3,683 3,589 3,889 3,770
Electricity Sales 194 228 176 247 188 125 210 11 51 39
Other 220 447 835 1,237 796 382 29 208 158 315
Total 11,900 11,893 13,814 14,285 15,020 15,347 16,727 17,519 18,621 18,582
Return on net assets by segment, % 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Power 12.6 14.3 17.5 19.2 29.6 24.5 19.5 24.6 18.7 14.6
Heat 9.8 11.6 9.6 9.3 8.9 7.9 8.4 9.9 8.8 7.2
Russia - - - 66.3 3.7 0.0 2.4 3.5 3.0 5.2
Distribution 8.1 8.8 8.4 7.7 8.1 8.7 9.7 13.7 9.1 9.2
Electricity Sales 25.2 17.4 -1.6 6.9 -14.0 28.9 38.4 4.2 152.3 148.9
Comparable return on net assets by segment, % 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Power 12.0 14.9 17.4 18.9 28.0 26.4 22.3 19.9 18.5 13.8
Heat 9.3 11.0 9.2 9.2 7.3 7.6 7.7 7.4 7.0 6.8
Russia - - - 0.0 -3.8 0.0 0.7 3.5 2.7 5.2
Distribution 8.3 8.6 8.3 7.6 8.2 8.6 9.3 8.6 8.8 8.8
Electricity Sales 17.1 16.4 -0.8 -0.6 -15.3 18.6 9.3 33.5 203.1 137.9
Average number of personnel 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Power 4,588 4,374 4,147 3,475 3,591 2,068 1,891 1,873 1,896 1,887
Heat 1,605 2,186 2,345 2,302 2,422 2,652 2,482 2,682 2,354 2,164
Russia - - - - 5,566 6,170 4,555 4,436 4,301 4,245
Distribution 995 1,008 983 1,060 1,222 1,166 1,098 902 873 866
Electricity Sales 682 745 825 936 766 629 538 510 515 506
Other 722 626 610 531 510 593 592 607 661 578
Total 8,592 8,939 8,910 8,304 14,077 13,278 11,156 11,010 10,600 10,246
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