ANNUAL FINANCIAL REPORT 2013 FLUXYS BELGIUM

Transcription

1 ANNUAL FINANCIAL REPORT 2013 FLUXYS BELGIUM

2 STATUTORY ACCOUNTS OF FLUXYS BELGIUM SA

3 UNDER BELGIAN GAAP 04 I. Balance sheet II. Income statement III. Appropriation account IV. Capital at the end of the period V. Income taxes VI. Workforce

4 Given the significance of the equity as well as the revenue of the parent company in the consolidated financial statements, the publication of the detailed version of the annual accounts and the notes to the accounts in this brochure would, in the majority of cases, be redundant given the explanations found in the consolidated accounts. Pursuant to Article 105 of the Companies Code, it has therefore been decided to present an abridged version of the annual accounts of Fluxys Belgium SA. The statutory auditor issued an unqualified audit opinion on the annual accounts of Fluxys Belgium SA. The annual accounts of Fluxys Belgium SA and the auditor s report have been filed with the National Bank of Belgium. They are available on the Fluxys Belgium website ( and can also be obtained free of charge upon request at the following address: Fluxys Belgium SA Communication Department Avenue des Arts 31, 1040 Brussels Belgium 254 Fluxys Belgium annual Financial report 2013

5 I. Balance sheet Assets In thousands of Fixed assets 2,161,744 2,299,926 Formation expenses 894 1,173 Intangible fixed assets 16,154 16,992 Tangible fixed assets 2,059,741 2,122,969 Financial fixed assets 84, ,792 Current assets 261, ,751 Amounts receivable after more than one year 0 0 Stock and contracts in progress 46,224 50,988 Amounts receivable within one year 70,398 57,302 Current investments 1, Cash at bank and in hand 110,878 97,565 Deferred charges and accrued income 32,347 37,906 Total 2,422,791 2,544,677 Equity and liabilities In thousands of Equity 810, ,474 Capital 60,272 60,272 Share premium account Revaluation surpluses 630, ,135 Reserves 24,486 18,324 Accumulated profits 45,086 46,819 Capital subsidies 49,385 51,886 Provisions and deferred taxes 39,034 63,952 Provisions for risks and charges 11,967 35,546 Deferred taxes 27,067 28,406 Amounts payable 1,573,674 1,628,251 Amounts payable after more than one year 1,123,936 1,158,509 Amounts payable within one year 183, ,252 Deferred charges and accrued income 266, ,490 Total 2,422,791 2,544,677 85th financial year 255

6 II. Income statement Income statement In thousands of Operating income 573, ,122 Operating charges 450, ,561 Operating profit 122, ,561 Financial income 26,041 37,717 Financial charges 50,921 49,949 Net financial income -24,880-12,232 Profit on ordinary activities before taxes 98, ,329 Extraordinary income 12 0 Extraordinary charges Net extraordinary income / (expense) Profit for the period before taxes 98, ,839 Transfer from deferred taxes 1, Income taxes -43,923-48,277 Profit for the period 55,728 72,556 Transfer from untaxed reserves Profit for the period available for appropriation 55,828 72, Fluxys Belgium annual Financial report 2013

7 III. Appropriation account Appropriation account In thousands of Profit to be appropriated 102, ,400 Profit for the period available for appropriation 55,828 72,577 Profit carried forward from the previous period 46,819 47,823 Transfer from equity 41,449 42,101 From reserves 41,449 42,101 Transfer to equity 6,262 3,260 To the legal reserve 0 0 To the other reserves 6,262 3,260 Result to be carried forward 45,086 46,819 Profit to be carried forward 45,086 46,819 Profit to be distributed 92, ,422 Dividends 92, ,422 If the above proposal is accepted and taking tax requirements into account, the annual dividend, net of withholding tax, will be: In 2013, no advance on the dividend was paid. The gross unit dividend to be paid out for fiscal year 2013 is 1.32 per split share ( 0.99 net). It will be payable from 20 May th financial year 257

8 IV. Capital at the end of the period Capital at the end of the period Subscribed capital (in thousands of ) At the end of the previous period 60,272 At the end of the period 60,272 Capital represented by Registered shares 62,211,399 Dematerialised shares 8,042,702 Bearer shares 9,400 Shareholder structure Date of Number of voting Declarant Share category % declaration rights declared Fluxys B/D 63,217, The Belgian State holds one specific share. 258 Fluxys Belgium annual Financial report 2013

9 V. Income taxes Income taxes In thousands of Breakdown of heading 670/3* Income taxes on the result of the current period 44,149 Taxes and withholding taxes due or paid 41,501 Excess of income tax prepayments 0 Estimated additional taxes 2,648 Income taxes on previous periods 141 Additional taxes due or paid 141 Additional taxes (estimated or provided for) 0 Reconciliation between profit before taxes and estimated taxable profit Profit before taxes 98,122 Permanent differences: 31,766 Definitively taxed income -21,820 Non-deductible expenses 6,000 Notional interest 0 Taxable reserves 45,957 Depreciation of financial fixed assets 0 Transfer from untaxed reserves 100 Transfer from deferred taxes 1,529 Total 129,888 * The regularisation of taxes (accounts 77) for an amount of -367 thousand in 2013 is not registered in this item. 85th financial year 259

10 VI. Workforce 1. Headcount ONSS N : Joint Commission N : 326 A. Employees recorded in the personnel register 1a. During the current period Total Men Women Average number of employees Full-time Part-time Total in full-time equivalents (FTE)* 1,010.90* * * Numbers of hours actually worked Full-time 1,372, ,155, , Part-time 108, , , Total 1,480, ,200, , Personnel costs Full-time 110,877, ,671, ,205, Part-time 9,201, ,194, ,006, Total 120,078, ,866, ,212, Advantages in addition to wages 1,654, ,389, , b. During the previous period Total Men Women Average number of employees (FTE)* 1,008.00* * * Numbers of hours actually worked 1,497, ,204, , Personnel costs 120,123, ,186, ,936, Advantages in addition to wages 1,758,809 1,420, ,590 * full-time equivalents 260 Fluxys Belgium annual Financial report 2013

11 2. At the closing of the period Full-time Part-time Total full-time equivalents a. Number of employees b. By nature of the employment contract Contract for an indefinite period Contract for a definite period Contract for execution of a specifically assigned work Replacement contract c. According to gender and study level Men Primary education 0 0 0,00 Secondary education Higher non-university education University education Women Primary education Secondary education Higher non-university education University education d. By professional category Manager staff Employees Workers Others * full-time equivalents 85th financial year 261

12 B. Hired temporary staff and personnel placed at the enterprise s disposal Persons placed at During the current period Hired temporary staff the enterprise s disposal Average number of persons employed Numbers of hours actually worked 7, Costs for the enterprise 229, Table of movements in personnel during the period Entries a. Number of employees recorded in the personnel register during the year b. By nature of the employment contract Full-time Part-time Total FTE * Contract for an indefinite period Contract for a definite period Contract for execution of a specifically assigned work Replacement contract Departures a. Number of employees whose date of leaving is recorded in the personnel register during the year b. By nature of the employment contract Contract for an indefinite period Contract for a definite period Contract for execution of a specifically assigned work Replacement contract c. By reason of termination of contract Retirement Unemployment with extra allowance from enterprise Dismissal Other reason The number of persons who continue to render services to the enterprise at least half-time on a self-employed basis * full-time equivalents 262 Fluxys Belgium annual Financial report 2013

13 3. Information on training provided to employees during the period Men Women Total of initiatives of formal professional training at the expense of the employer Number of employees involved Numbers of actual training hours 36, , Net costs for the enterprise 3,666, , Of which gross costs directly linked to training 3,666, , Of which fees paid and payments to collective funds Of which grant and other financial advantages received (to deduct) Total of initiatives of less formal or informal professional training at the expense of the employer Number of employees involved Numbers of actual training hours 3, Net costs for the enterprise 276, , Total of initiatives initial professional training at the expense of the employer Number of employees involved Numbers of actual training hours Net costs for the enterprise th financial year 263

14 Questions regarding financial and accounting data José Ghekière Tel Fax jose.ghekiere@fluxys.com Contacts with the press Rudy Van Beurden Laurent Remy Tel Tel Fax Fax rudy.vanbeurden@fluxys.com laurent.remy@fluxys.com This report is also available in Dutch and French. For a copy in these languages, please contact the Communication Department: Tel Fax communication@fluxys.com Illustrations: SPADE 264 Fluxys Belgium annual Financial report 2013

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