BKW GROUP CONSOLIDATED FINANCIAL STATEMENTS

Consolidated Balance Sheet

CHF millions	Note	31.12.2018	31.12.2019

Assets
Cash and cash equivalents	34	817.4	683.5
Trade accounts receivable and other receivables	16	720.1	687.0
Contract assets	17	93.3	140.6
Current tax receivables		19.6	20.0
Financial assets	20	277.5	227.3
Derivatives	30	197.7	132.4
Inventories	18	43.5	55.9
Prepaid expenses and accrued income	19	73.7	91.8
Total current assets		2,242.8	2,038.5
Financial assets	20	1,279.2	1,302.5
Derivatives	30	35.4	7.0
Investments in associates	21	1,481.7	1,422.6
Property, plant and equipment	22	3,234.8	3,419.9
Intangible assets	23	747.4	1,013.7
Deferred tax receivables	14	32.0	34.3
Total non-current assets		6,810.5	7,200.0
Total assets		9,053.3	9,238.5


Shareholders’ equity and liabilities
Trade accounts payable and other liabilities	24	551.0	551.6
Contract liabilities	17	41.5	72.3
Current tax liabilities		41.2	75.6
Financial liabilities	25	413.3	89.1
Derivatives	30	192.5	106.8
Provisions	26	67.6	193.8
Deferred income and accrued expenses	19	239.9	197.9
Total current liabilities		1,547.0	1,287.1
Financial liabilities	25	1,156.1	1,447.3
Derivatives	30	52.9	22.8
Pension liability	27	195.7	238.8
Other liabilities	28	407.7	410.5
Provisions	26	1,777.2	1,641.1
Deferred tax liabilities	14	444.4	455.7
Total non-current liabilities		4,034.0	4,216.2
Total liabilities		5,581.0	5,503.3
Share capital	29	132.0	132.0
Capital reserves	29	41.3	41.3
Retained earnings	29	3,270.6	3,562.9
Other reserves	29	– 240.3	– 272.8
Treasury shares	29	– 4.8	– 1.5
Equity attributable to BKW shareholders		3,198.8	3,461.9
Equity attributable to non-controlling interests		273.5	273.3
Total shareholders’ equity		3,472.3	3,735.2
Total shareholders’ equity and liabilities		9,053.3	9,238.5