ࡱ> ^] g2ɀ\pNicklas Palbark Ba==-[;&8X@"1Arial1Arial1Arial1Arial1 Arial1$Arial1Arial1Arial1Arial1Arial1?Arial1?Arial1Arial1?Arial1h8Cambria1,8Calibri18Calibri18Calibri1Calibri1Calibri1<Calibri1>Calibri1?Calibri14Calibri14Calibri1 Calibri1 Calibri1Arial1Calibri1Calibri1 Calibri1Calibri#,##0\ "kr";\-#,##0\ "kr"##,##0\ "kr";[Red]\-#,##0\ "kr"$#,##0.00\ "kr";\-#,##0.00\ "kr")$#,##0.00\ "kr";[Red]\-#,##0.00\ "kr">*9_-* #,##0\ "kr"_-;\-* #,##0\ "kr"_-;_-* "-"\ "kr"_-;_-@_->)9_-* #,##0\ _k_r_-;\-* #,##0\ _k_r_-;_-* "-"\ _k_r_-;_-@_-F,A_-* #,##0.00\ "kr"_-;\-* #,##0.00\ "kr"_-;_-* "-"??\ "kr"_-;_-@_-F+A_-* #,##0.00\ _k_r_-;\-* #,##0.00\ _k_r_-;_-* "-"??\ _k_r_-;_-@_- #.##0                                                                                  ff  `      P  P     a> + )   , *   1   #  #     !  #  1   #  #     !  1(  +  +  1  #  #    (  !  #  (             1(  (  (  (  (8  (<  1(<  *<  (<       *  *<  *<  *< ||k+}-}4 ##0.00\ }A}5 ##0.00\  _k_r_-;}A}6 ##0.00\ ? _k_r_-;}A}7 ##0.00\ 23 _k_r_-;}-}8 ##0.00\ }A}$ a##0.00\  _k_r_-;}A}% ##0.00\  _k_r_-;}A}2 e##0.00\  _k_r_-;}}/ ??v##0.00\ ̙ _k_r_-;   }}< ???##0.00\  _k_r_-;??? ??? ??? ???}}# }##0.00\  _k_r_-;   }A}1 }##0.00\  _k_r_-;}}0 ##0.00\  _k_r_-;??? ??? ??? ???}-}? ##0.00\ }x}"##0.00\  _k??? ??? ???}-}- ##0.00\ }U}9 ##0.00\  _k }A}& ##0.00\  _k}A} ##0.00\ ef _k}A} ##0.00\ L _k}A} ##0.00\ 23 _k}A}' ##0.00\  _k}A} ##0.00\ ef _k}A} ##0.00\ L _k}A} ##0.00\ 23 _k}A}( ##0.00\  _k}A} ##0.00\ ef _k}A} ##0.00\ L _k}A} ##0.00\ 23 _k}A}) ##0.00\  _k}A} ##0.00\ ef _k}A} ##0.00\ L _k}A} ##0.00\ 23 _k}A}* ##0.00\  _k}A} ##0.00\ ef _k}A} ##0.00\ L _k}A}  ##0.00\ 23 _k}A}+ ##0.00\  _k}A} ##0.00\ ef _k}A} ##0.00\ L _k}A}! ##0.00\ 23 _k20% - Dekorfrg1S20% - Dekorfrg1 ef %20% - Dekorfrg2S"20% - Dekorfrg2 ef %20% - Dekorfrg3S&20% - Dekorfrg3 ef %20% - Dekorfrg4S*20% - Dekorfrg4 ef %20% - Dekorfrg5S.20% - Dekorfrg5 ef %20% - Dekorfrg6S220% - Dekorfrg6  ef %40% - Dekorfrg1S40% - Dekorfrg1 L %40% - Dekorfrg2S#40% - Dekorfrg2 L渷 %40% - Dekorfrg3S'40% - Dekorfrg3 L %40% - Dekorfrg4S+40% - Dekorfrg4 L %40% - Dekorfrg5S/40% - Dekorfrg5 L %40% - Dekorfrg6S340% - Dekorfrg6  Lմ %60% - Dekorfrg1S 60% - Dekorfrg1 23 %60% - Dekorfrg2S$60% - Dekorfrg2 23ږ %60% - Dekorfrg3S(60% - Dekorfrg3 23כ %60% - Dekorfrg4S,60% - Dekorfrg4 23 % 60% - Dekorfrg5S060% - Dekorfrg5 23 %!60% - Dekorfrg6S460% - Dekorfrg6  23 %" Anteckningn Anteckning  # Berkning} Berkning  }% $Bra9Bra  a% %Dlig=Dlig  % &Frg1=Frg1 O % 'Frg2=!Frg2 PM % (Frg3=%Frg3 Y % )Frg4=)Frg4 d % *Frg5=-Frg5 K % +Frg6=1Frg6  F %, 4 Fljd hyperlnk-Frklarande textG5Frklarande text %.( Hyperlnk /IndatawIndata ̙ ??v% 0 Kontrollcell Kontrollcell  %????????? ???1 Lnkad cellK Lnkad cell }% 2NeutralANeutral  e%"Normal3$Procent 4Rubrik3Rubrik I}% 5Rubrik 1ERubrik 1 I}%O 6Rubrik 2ERubrik 2 I}%? 7Rubrik 3ERubrik 3 I}%23 8Rubrik 47Rubrik 4 I}% 9SummaMSumma %OO:&Tusental;. Tusental [0] <UtdatawUtdata  ???%????????? ???="Valuta>* Valuta [0]? Varningstext? Varningstext %XTableStyleMedium2PivotStyleLight16`JINCOME STATEMENT^ BALANCE SHEETv CASH FLOWUCHANGES IN EQUITY.."M#-Amounts in SEK million, 1 January 31 DecemberNote Net sales5,6Cost of products sold1 Gross profi tOther operating incomeSelling expensesAdministrative expensesResearch and development costsOther operating expenses5Participations in the results of associated companies6,11,12,13,46,47Income tax expenseProfi t for the year6Attributable to$Equity holders of the Parent CompanyMinority interestsTotalEarnings per share-Number of shares in 539 Ƴʽ AB , thousandsEarnings per share, SEKDividend, SEK millionDividend per share, SEKSupplementary information?Operating profi t before depreciation and amortisation (EBITDA)IFinancial items, net excl. discounting effects attributable to provisions/and returns from the Swedish Nuclear Waste Fund=1) Of which, depreciation, amortisation and impairment losses>2) Of which, depreciation , amortisation and impairment losses;2) Including items affecting comparability attributable to:Capital gains/losses 83) Including returns from the Swedish Nuclear Waste FundW4) Including discounting effects attributable to provisions excl. of pension provisions;5) Including items affecting comparability attributable to:H6) Including items affecting comparability stated above adjusted for tax?See Note 2 to the consolidated accounts, Accounting Principles.8) Proposed dividend.CONSOLIDATED INCOME STATEMENTo7) These figures are adjusted compared to previously published information in Vattenfall s 2005 Annual Report.CONSOLIDATED BALANCE SHEETAmounts in SEK million 31 Dec 2006 31 Dec 2005AssetsNon-current assetsIntangible assets: non-currentProperty, plant and equipmentInvestment property&Participations in associated companiesOther shares and participations'Share in the Swedish Nuclear Waste FundCurrent tax assets, long-termOther long-term receivablesDeferred tax assetsTotal non-current assetsCurrent assets Inventories&Intangible assets: emission allowances'Trade receivables and other receivables#Prepaid expenses and accrued incomeCurrent tax assetsShort-term investmentsCash and cash equivalentsTotal current assets Total assetsEquity and liabilities4Equity attributable to holders of the Parent Company Share capitalTranslation reserveReserve for cash fl ow hedges,Retained earnings incl. profi t for the year:Total equity attributable to holders of the Parent Company'Equity attributable to minority holders Total equityNon-current liabilitiesCapital Securities32,34"Other interest-bearing liabilities33,34Interest-bearing provisionsPension provisionsDeferred tax liabilities%Other noninterest-bearing liabilitiesTotal non-current liabilitiesCurrent liabilities$Trade payables and other liabilities$Accrued expenses and deferred incomeCurrent tax liabilitiesInterest-bearing liabilitiesTotal current liabilitiesTotal equity and liabilitiesSee also information on the Group s pledged assets (Note 41), contingent liabilities (Note 42) and commitments under consortium agreements (Note 43). CONSOLIDATED CASH FLOW STATEMENTOperating activitiesFunds from operations (FFO)1ECash fl ow from changes in operating assets and operating liabilities$Cash fl ow from operating activitiesInvesting activities Investments2 Divestments3CNet investments as a result of the deal between 539 Ƴʽ and DONG8Cash and cash equivalents in acquired/divested companies$Cash fl ow from investing activitiesFinancing activities!Changes in short-term investments;Changes in loans to minority owners in foreign subsidiaries Loans raisedAmortisation of debtIssue of Capital Securities$Contribution from minority interests Dividends paid to equity holdersCash fl ow for the year6Cash and cash equivalents at the beginning of the yearExchange rate differences0Cash and cash equivalents at the end of the yearCash fl ow after dividendAnalysis of change in net debt!Net debt at beginning of the yearETransitional effect of adoption of new accounting principles (IAS 39).Changes as a result of valuation at fair value=Interest-bearing liabilities acquired as a result of the dealbetween 539 Ƴʽ and DONG%Exchange rate differences on net debtNet debt at the end of the year%Cash flow before financing activitiesFree cash flow4Attributable to equity holders of the Parent CompanyBalance carried forward 2004 Adjustment of retained earnings1&Transitional effect of adoption of newaccounting principles (IAS 39)Changes in fair value"Dissolved against income statement"Transferred to cost of hedged item"Tax attributable to items reporteddirectly against equity0Hedging of net investments in foreign operationsTranslation differencesProfi t for the year0Total recognised income and expense for the yearChanges in ownershipTransfers within equityBalance carried forward 2005Tax attributable to items reported directly against equityBalance carried forward 2006Reserve for cash flow hedges+Retained earnings incl. profit for the year Attributable to minority holdersCash flow hedges:-*Income net recognised directly in equity.Group contributions to minority net after tax0Group contributions from minority net after tax+CONSOLIDATED STATEMENT OF CHANGES IN EQUITYFinancial income3Financial expenses 4Profit before tax5Operating profi t (EBIT )2Closure of Barsebck 21) These figures are adjusted compared to previously published information in Vattenfall s 2005 Annual Report. See pages 76 77, Consolidated Statement of Changes in Equity and Note 2 to the consolidated accounts, Accounting principles.Cash flow for the year$Cash flow from fi nancing activities0 U152 34>Y67M8L9- : ; _< a> ?'@2AX0CUD\E]FrGccB g2ɀ 5PY^  dMbP?_*+%&?'?(?)?M\\xg-sto-adcp-001\Mount Everes 4dXXA47E1us.HLP,RPCSRC87E170.ini01.0001.00RCOMMON `? priv4XXf`ddf`dd,@ddC87E1us.HLPArial 2 C87E1us.HLPC87E1us.HLP&6&6C87E1us.HLPC87E1us.HLPd" dXX??&U} 0V} IA}  B} A}  B} $ I5XXS      @'@ R D~ EX@E~ ET@ K G~ HAG~ H`@ KG@HG~ H@ K~ H@G~ H@X@K HGH KG @H@G~ H@ KG"@HfG~ HԶ K G"@H~ G~ H K  G"@H G~ HX K  G$@H G~ H` K  Gp@Hؔ@ G H@J@ K G ~ H@j@ G H@J@KGHGHJ KG,@H@G~ Hĭ@ KG.@HG~ He K~ H@@GH@J@KHGHJ K G0@H#GH J@ K~ Hd@G~ H @K HGH K K~ H@J@G~ H@ KG1@H@G~ H @ K~ Hd@G~ H @K HGH K K~ HAG~ HA K~ H@GHAb@ KHL@T @H@ KU?@T @U4@Drl BB<4<<<<<DJ<<<D44<448*!"#$%&'()*+,-./124 !K "K~ "H@"G~ "H@ #K $K~ $HH$G~ $H %K~ %HO%G~ %H &K~ &Hz&G~ &H 'K (K~ (HPw@(G~ (HQ )K )H )G~ )H@ *K!~ *Ht@*G~ *HR@ +K"~ +Hp+G~ +H ,K# -K~ -Hx@-G~ -HO .K .H .G~ .H@ /K$~ /H x@/G~ /H@ 1K( 2K% 4K&(T44444444444>@HJ7ggD g2ɀ ;dWn!v  dMbP?_*+%&?'?(?)?M\\xg-sto-adcp-001\Mount Everes 4dXXA47E1us.HLP,RPCSRC87E170.ini01.0001.00RCOMMON `? priv4XXf`ddf`dd,@ddC87E1us.HLPArial 2 C87E1us.HLPC87E1us.HLP&6&6C87E1us.HLPC87E1us.HLPd" dXX??&U} I,} m } } }  } ;X       @)ABBB C* D E+E E, F-~ G@ BBB F.ABBB F/G2@H@H~ H@ F0G3@HAH~ HA F1G4@H@@H~ H@ F2 G6@H@ H~ H@@ F3 G7@H@ H~ HX@ F4 G8@H@@ H~ H@ F5 G0@Hd@ H H F6 G9@H@ H~ H@ F7G0@H<@H~ Ht@ F8A~ HAH~ HAFAHHH F9ABBBI F:G:@HT@H~ H@I F;G;@HP@H H I F<G<@H@H~ H`@I F=G=@H@H~ Hk@I F>G0@H@H~ Hx@I F?G>@Hn@H~ HY@I F@G?@H@H~ H@I FAA~ Hf@H~ H@I FBA~ HxAH~ H0AIFAHHHI FCABBBI FDABBBI FEA~ H@H~ H@I FFA~ H@H~ H @I FG A~ H H~ HJ IBV X B, <<<<<<<<<>"FFFFFFFHH""HH!"#$%&'()*+,-./0123456Q8@:@ !FH!A~ !H@!H!H@J? "FI"A~ "HД@"H"HP@J? #FJ#A~ #H@#H~ #H4@#I $FK$A~ $HI@$H$H1@J?%FAHHHJ &FL~ &G@&BBBI 'FM 'GN~ 'Hg@'H~ 'H@'I (FO (GP~ (H@(H~ (H ;@(I )FQ)GA@H&@)H~ )H@)I *FR*GB@H@{@*H~ *H@*I +FS+G0@H,@+H+H~@J? ,FT,GB@H @,H~ ,H@,I -FU-A~ -H8VA-H-HAJ?.FAHHHJ /FV~ /G@/BBBI 0FW0GC@H@0H~ 0H@@0I 1FX1GC@H@1H1H@J? 2FY2G0@H@2H~ 2H6@2I 3FZ3GD@H@3H~ 3H@3I 4FQ4GA@H@4H~ 4Hk@ 5F[5A~ 5H@5H~ 5H@g@ 6N\6O~ 6PxA6P~ 6P0A 8K8ABBB :K]:LMMM4FFHF.LLFFDFF.FDFF<>> >@MJ8887ggD g2ɀ 8wg  dMbP?_*+%&?'?(?)?"??&U} 8} m} m } I8X       @^ IWW C XXX@XT@ F_ IWW F`IY k@Y@ FaIY }Y3 FbIY0@Y@FIYY Fc IWW Fd I Y%Y@ Fe I Y@Y@ Ff Z@Yp H Fg I Y`bY1@ FhIYY#FIYY F~IY@Y@FIYY Fi IWW FjIY d@Y9 FkIY@n@Y0@ FlIY@Yh@ FmIY[Y FnI H ~ Y@ FoI~ YK@ H FpIYY FIYYFIYY FIY9@YQFIYY F@ IWW FrIY@Y@ Fq I Y9@YQB6X2.....2.......44....!"$%&'()*+,-./01234567 !Fs!I!Y mY i@ "Ft"I"Y@Y@ $F $IWW%FIWW &F~&I&Y@Y@'FIYY (Fi (IWW )Fp)I)YY *Fo*I~ *YK@ *H +Fu+I+Y@Y,FIYY -Fv -IWW .Fw.I.YjY` /Fx/I /H ~ /Y@ 0Fu0I0Y@Y 1Fy1I1YȖ@Y$ 2Fz 2IWW 3F{3I~ 3Y 3H 4F|4I4Y@Y 5F}5I5YYj6FIYY 7F7I7Y@Y@0....4..4..4..>@YZ6667ggD g2ɀ 3oՑ  dMbP?_*+%&?'?(?)?"??&U} $)}  }  } m }  }  } m 3XX        @WW[WWWW@WW[WWWW\]]]]]]]^]]]]]]]^ hhhhh g gK^iiiiigg^]]]_]]] ` hE hF h h aaa `hhhhaaa b* jjjj c dd F Y@Y@ e Y@@Y @Y@Y@J@ F e e e Y@Y@ e~ Y@ FWW[WWWW F e*Y@fpY@cYzY8e{ FWW[WWWW F e e~ e eee@oe, F e e~ e@ e~ e@ e~ e@ F e e~ ePq e~ ePq e~ ePq FWW[WWWW F e e~ f@ eY@Y[@Y@ F e~ Y e e~ e e~ e F e~ Yj@ e eYj@Y0r@Y@ e eY@f ee>Yb@eeeYfeeYe F e e eY@Y@Y @Y @ F e*Y@fY@Y@Yh@Y@ Fp e e eeee@fe e e e e e ee]e] F e e e e eee F e e ee@We@WY@W@ e F0 Y@Y @fJY@YP@Y4@Y1@B X&FR<Tj&J&bpp&bpb\ZJZjjb!"#$%&'()*+,-./012!FYYfYYYY "F"WW[WWWW #F #e #e~ #f #e#eeIe $F $e $e~ $f@ $e$Y@Y@[@Y=@ %F %e %e~ %fL %e%eLeeN &F&WW[WWWW 'F 'e 'e~ 'f\ 'e'e\eHe (F (e~ (Y@ (e (e~ (Y@ (e~ (Y@ )F )e~ )Y )e )e)eepe& *e *e*Y(f@ *e*Y.@e0pY(@+eeYfeYeY ,F ,e ,e ,e,Y@J@Y@J@Y@Yd@ -F -e*-Y(f@Y@J@YP@Y0@Y)@.FeYfYYYY /Fp /e /e /e/eeeWe 0e 0e 0e 0e 0e 0e0Y\@Y\@ 1F 1e 1e 1e 1e 1e1ebeb 2F02Y@Y@fY@YД@Y@YI@(T&bbb&bpb\ZJZjj>@YZ888:    7ggD Oh+'0@H\t  Per AxbomNicklas PalbarkMicrosoft Excel@P-@0o4՜.+,0HP X`hp x  INCOME STATEMENTBALANCE SHEET CASH FLOWCHANGES IN EQUITY  Kalkylblad  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLNOPQRSTVWXYZ[\Root Entry FWorkbookSummaryInformation(MDocumentSummaryInformation8U