Segment information

All amounts in millions of euros unless stated otherwise.

Segment information

Business segments are based on Eneco’s internal organisation and management reporting structure.

Eneco group’s business segments are the three core businesses: Eneco, Stedin and Joulz. The Eneco segment purchases, generates, trades and sells electricity, gas and district heating and constructs, maintains and manages district heating networks. The Stedin segment is the manager of the gas and electricity networks. The Joulz segment is the infrastructure company which includes consultancy, engineering, construction and management of energy infrastructures and the maintenance of lighting and parking facilities.

Transfer prices for internal products and services are on arm’s length prices and terms.

The group accounting policies are also applied in the segment reports.

Revenues and profit by business segment

2012

Segment Energy Company Eneco

Segment Stedin

Segment Joulz

Eliminations and non-allocated

Total

Revenues from energy sales and transmission, energy-related activities and other operating revenues

4,067

1,081

108

5,256

Inter-segment operating revenues

42

10

399

– 451

Purchases of energy and energy-related and other operating expenses

– 3,827

– 561

– 516

424

– 4,480

Operating profit before depreciation, amortisation and impairment

282

530

– 9

– 27

776

Annual depreciation and impairment

– 235

– 199

– 7

– 441

Operating profit

47

331

– 16

– 27

335

2011

Segment Energy Company Eneco

Segment Stedin

Segment Joulz

Eliminations and non-allocated

Total

Revenues from energy sales and transmission, energy-related activities and other operating revenues

3,914

995

98

5,007

Inter-segment operating revenues

117

3

413

– 533

Purchases of energy and energy-related and other operating expenses

– 3,781

– 508

– 486

479

– 4,296

Operating profit before depreciation, amortisation and impairment

250

490

25

– 54

711

Annual depreciation and impairment

– 115

– 200

– 8

– 323

Operating profit

135

290

17

– 54

388

Balance sheet by business segment

At 31 december 2012

Segment Energy Company Eneco

Segment Stedin

Segment Joulz

Eliminations and non-allocated

Total

Assets

Assets

4,233

4,653

373

– 494

8,765

Associates

39

39

Total assets

4,272

4,653

373

– 494

8,804

Liabilities

Equity and non-current liabilities

2,989

4,363

40

– 358

7,034

Current liabilities

1,283

290

333

– 136

1,770

Total equity and liabilities

4,272

4,653

373

– 494

8,804

At 31 December 2011

Segment Energy Company Eneco

Segment Stedin

Segment Joulz

Eliminations and non-allocated

Total

Assets

Assets1

4,272

4,463

369

– 491

8,613

Associates

32

32

Total assets1

4,304

4,463

369

– 491

8,645

Liabilities

Equity and non-current liabilities1

2,832

4,212

50

– 337

6,757

Current liabilities

1,472

251

319

– 154

1,888

Total equity and liabilities1

4,304

4,463

369

– 491

8,645

  1. 2011 figures restated for comparative purposes.

Other data by business segment

2012

Segment Energy Company Eneco

Segment Stedin

Segment Joulz

Total

Investments in property, plant and equipment and intangible assets

329

374

9

712

Depreciation/amortisation of property, plant and equipment and intangible assets

235

199

7

441

2011

Segment Energy Company Eneco

Segment Stedin

Segment Joulz

Total

Investments in property, plant and equipment and intangible assets

342

388

7

737

Depreciation/amortisation of property, plant and equipment and intangible assets

115

200

8

323

Revenues by country

2012

2011

Netherlands

5,076

4,883

Belgium

169

112

Other

11

12

Totaal

5,256

5,007