Annual Report 2020

Consolidated Financial Statements

Consolidated Income Statement

CHF million

Note

2020

2019

Net revenue

2.2

3,905

4,099

Own work capitalised and change in costs incurred to fulfil a contract

 

6

5

Other operating income

2.3

118

50

Total revenue and other income

4,029

4,154

Energy and inventory costs

2.4

– 3,451

– 3,653

Employee costs

2.5

– 186

– 190

Other operating expenses

 

– 99

– 143

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

 

293

168

Depreciation, amortisation and impairment 1

4.1 / 4.2 / 5.2

– 80

– 401

Earnings before interest and tax (EBIT)

 

213

– 233

Share of results of partner power plants and other associates

4.3

– 35

– 44

Finance costs

2.6

– 72

– 73

Finance income

2.6

17

14

Earnings before tax

123

– 336

Income tax expense

2.7

43

110

Earnings after tax from continuing operations

 

166

– 226

Earnings after tax from discontinued operations

5.2

– 56

– 42

Net income

 

110

– 268

Attributable to non-controlling interests

3

3

Attributable to equity investors of Alpiq Holding Ltd.

107

– 271

Earnings per share from continuing operations in CHF, diluted and undiluted 2

2.8

4.02

– 7.81

Earnings per share from discontinued operations in CHF, diluted and undiluted 2

2.8

– 1.69

– 1.26

Earnings per share in CHF, diluted and undiluted 2

2.8

2.33

– 9.07

1 In 2020, including reversals of impairment losses

2 The previous-year figure has been adjusted due to the conversion of the hybrid loan from the shareholders and the resulting higher number of shares.

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