Annual Report 2020

5-year Overview

5-year Overview

Income Statement

CHF million

2020

2019

2018

2017

2016 1

Net revenue

3,905

4,099

5,186

5,449

4,412

Other operating income

124

55

50

40

239

Total revenue and other income

4,029

4,154

5,236

5,489

4,651

Operating expenses

– 3,736

– 3,986

– 5,227

– 5,146

– 3,941

Earnings before interest, tax, depreciation and amortisation (EBITDA)

293

168

9

343

710

Depreciation, amortisation and impairment 2

– 80

– 401

– 169

– 164

– 374

Earnings before interest and tax (EBIT)

213

– 233

– 160

179

336

Share of results of partner power plants and other associates

– 35

– 44

– 50

– 18

– 232

Financial result

– 55

– 59

– 95

– 87

– 6

Income tax expense

43

110

44

– 70

162

Earnings after tax from continuing operations

166

– 226

– 261

4

260

Earnings after tax from discontinued operations

– 56

– 42

198

– 88

34

Net income

110

– 268

– 63

– 84

294

Net income attributable to non-controlling interests

3

3

14

5

 

Net income attributable to equity investors of Alpiq Holding Ltd.

107

– 271

– 77

– 89

294

1 Financial figures before application of IFRS 15

2 In 2020, including reversals of impairment losses

Balance sheet

CHF million

2020

2019 (adjusted) 1

2018

2017

2016

Total assets

7,368

7,360

9,074

10,197

10,008

Assets

 

 

 

 

 

Non-current assets

4,440

4,566

5,475

5,655

5,793

Current assets

2,928

2,794

3,599

4,542

4,215

Equity and liabilities

 

 

 

 

 

Total equity

3,772

3,671

3,944

3,965

3,886

As % of total assets

51.2

49.9

43.5

38.9

38.8

Liabilities

3,596

3,689

5,130

6,232

6,122

1 Please refer to note 1.4 of the notes to the consolidated financial statements

Other key performance indicators

 

2020

2019 1

2018 2

2017 3

2016 3

EBITDA before exceptional items in CHF million

262

110

166

301

395

Net debt in CHF million

249

206

272

714

856

Net debt / EBITDA before exceptional items

1.0

1.9

1.6

2.4

2.2

Number of employees at the reporting date

1,258

1,226

1,548

1,504

1,429

1 Since 2020, EBITDA before exceptional items without Flexitricity Ltd. and e-mobility business. The comparative figures from 2019 have been adjusted; for explanations, see note 2.1 of the notes to the consolidated financial statements.

2 Including Flexitricity Ltd. and e-mobility business

3 Number of employees excluding discontinued operations, other figures including discontinued operations

Per share data

 

2020

2019

2018

2017

2016

Par value in CHF

0.01

10

10

10

10

Weighted average number of shares outstanding 1

33,110,364

33,110,364

27,874,649

27,874,649

27,874,649

Net income in CHF 1

2.33

– 9.07

– 3.90

– 4.34

9.38

Dividend in CHF 2

1.40

0.00

0.00

0.00

0.00

1 The figure for 2019 has been adjusted due to the conversion of the hybrid loan from the shareholders and the resulting higher number of shares. The figures for 2016 to 2018 have not been adjusted.

2 2020: to be proposed to the Annual General Meeting

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