TEPCO Factbook 2010
TOKYO ELECTRIC POWER COMPANY
TEPCO Factbook 2010 Shareholder & Investor Relations Group Corporate Affairs Department
April 2010 The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
(Note) Please note that the following to be an accurate and complete translation of the original Japanese version prepared for the convenience of our English-speaking investors. In case of any discrepancy between the translation and the Japanese original, the latter shall prevail.
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Contents
1
• Power Demand
2
• Power Generation Capacity by Energy Source (TEPCO Only)
19
• Financial Performance Highlights (Consolidated)
3
• Power Generation Capacity by Energy Source (including Purchased Power)
20
• Financial Performance Highlights (Non-consolidated)
4
• Power Generated by Energy Sources (TEPCO Only)
21
• Free Cash Flow (Consolidated)
5
• Power Generated by Energy Sources (including Purchased Power)
22
• Free Cash Flow (Non-consolidated)
6
• PER and EPS
23
• ROA and ROE
7
• PBR and BPS
24
• Equity Ratio
8
• Dividend Payout Ratios and Dividend Yields
25
• Interest Bearing Debt Outstanding and Debt Equity Ratio (Nonconsolidated)
9
• Shareholder Compositions by Type of Investors
26
• Maintenance Expenses (Non-Consolidated)
10
• Historical Share Prices and Trading Volumes (Tokyo Stock Exchange)
27
• Personnel Expenses and Number of Employees (Non-consolidated)
11
• Credit Ratings
28
• Age Distribution of Employees (Non-consolidated, as of March 31, 2010) 12
• Balance Sheets (Consolidated)
29
• Fuel Expenses (Non-consolidated) and Crude Oil Prices (All Japan CIF) 13
• Statements of Income (Consolidated)
30
• Nuclear Power Plant Capacity Utilization Ratio
14
• Statements of Cash Flows (Consolidated)
31
• Thermal Power Efficiency
15
• Balance Sheets (Non-consolidated)
32
• Interest Expenses and Average Interest Rate (Non-consolidated)
16
• Statements of Income (Non-consolidated)
33
• Capital Expenditures and Depreciation Expenses (Consolidated)
17
• 【Reference】Operating Results (Non-consolidated)
34
• Capital Expenditures and Depreciation Expenses (Non-consolidated)
18
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Power Demand (Billion kWh)
Lighting
400 350 300 250
2 Power
Liberalized Segment
Peak Demand (right-hand scale)
64.30 63.20 59.40 57.96 59.20 59.25 59.24 57.60 58.65
57.36
280.7 275.5 281.9 276.0 267.0 274.2 265.4 257.4 248.9 254.4 77.6
75.1
76.0
74.3
61.50 60.12
286.7 288.7 287.6
150
175.4
186.5
186.0
117.1
73.5
76.5
76.5
78.9
81.0
297.4
54.50 289.0
181.8
187.0
181.0
190.2 115.3
116.6
114.8
84.0
86.0
85.1
89.4
86.9
280.2
60 50
172.7 (62%)
30
78.2
100 50
61.47 60.89
40 180.0
180.9
70
115.9
200 177.9
58.06
(Million kW)
92.6
13.5
12.6
12.8
11.9
11.4 (4%)
95.2
93.2
97.6
96.1
96.1 (34%)
20 10 0
0 1994
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09
*The scope of liberalization; Extra-high voltage users (contracts for 2,000kW or higher) since FY2000, high voltage users (contracts for 500kW or higher) since FY2004 and high voltage users (contracts for 50kW or higher) since FY2005. The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
(FY)
Financial Performance Highlights (Consolidated) (Billion yen)
1,000
800
Operating Income 5,278.0
5,002.4 5,053.9
723.5
705.7
600
5,091.6
5,088.4
5,038.7 745.7
Ordinary Income
Net Income
4,919.1
658.9
628.4
350.0 330.9 342.8
0
271.1
86.5
222.3 219.2
207.8 201.7
169.2
146.5 135.3 97.4 51.8 81.6
5,000
566.3 576.2 550.9 489.0
400
212.0
6,000
4,000 521.4
200
(Billion yen)
5,016.2
4,853.8
732.5
688.6
Operating Revenues (right-hand scale) 5,887.5 5,479.3 5,283.0 5,255.4 5,047.2
5,258.0 5,220.5
788.0
3
441.2 408.2 426.9
3,000
310.3 298.1
307.7
284.4
226.1
204.3
165.2 149.5
136.4
87.4
33.1
2,000
133.7 66.9
1,000
-34.6 -84.5 -150.1
-200 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
07
0 08
09
(FY)
Financial Performance Highlights (Non-consolidated) (Billion yen)
1,000
800
4,975.4
Operating Income 5,252.2
5,031.8
5,060.1
5,012.6 736.1
Net Income
5,225.1 5,129.6 5,059.6 4,808.4 769.0
712.8
697.9
600
Ordinary Income
345.9
0
80.2
217.3 207.9
167.5
142.5 131.0 93.4 48.1 77.3
5,224.3 4,941.0 5,015.0
5,000 4,804.4
535.4 536.7 472.2
495.9 3,000
384.5 397.2 372.0 320.0 319.5 203.3 186.2
6,000
4,000
400
208.9
4,823.2
(Billion yen)
637.9
618.4
512.2
200
Operating Revenues (right-hand scale) 5,643.3
4,734.5
714.4
673.8
4
280.8
304.4
244.8 260.8 262.1
249.9
153.0 151.8 95.0
92.6
-22.0
22.7
2,000
158.6 102.3 1,000
-90.1 -113.1
-200 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
-177.6 07 08
0 09
(FY)
Free Cash Flow (Consolidated)
5
(Billion yen)
1,000
800
613.5 600
400
200
946.8
Investment, etc. Dividend Repayment of Interest Bearing Debt
529.8 417.2
101.2
47.6 67.6
87.7
56.2 81.0
80.9
648.5 78.9 80.9
598.0
557.8 109.6
414.3
80.9 701.7 476.2
301.9
164.1
392.4
80.9
80.8
65.3
15.3
80.8
488.6
430.9
367.2
340.8
86.2
100.7
268.0
101.0
0
213.0
419.5
80.9 -107.8
-292.6
-278.7
-200 -90.9
-400 1999
2000
01
02
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
03
04
05
06
07
08
09 (FY)
Free Cash Flow (Non-consolidated)
6
(Billion yen)
1,000
Investment, etc. Dividend Repayment of Interest Bearing Debt
800
604.5 600
400
200
506.2
87.2
410.4
94.0
81.0
46.6 67.6
87.7
134.3 80.9
649.4 113.4
543.5
539.4
80.9
77.7
35.8 80.9
367.0
80.9 676.2
436.1 296.0
891.5
455.0
324.5
355.3 80.8
7.0 80.8 422.6
384.8 279.0
0
78.0
146.1
101.0
80.9
364.4
-89.9 -296.7
-200
-117.7
-400 1999
2000
01
02
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
03
04
05
06
07
-268.9
-41.7 08
09 (FY)
ROA and ROE (%)
7
ROA (Consolidated) ROE (Consolidated)
12 10
ROA (Non-consolidated) ROE (Non-consolidated) 11.1 10.7
9.1
6 4
8.9 5.7 5.6
6.3
5.1 5.5 5.5 5.1 6.2 4.8 4.5 5.1 5.1 4.8 3.5 4.4
10.3
7.5
9.8
9.3 7.2
7.5
5.7
5.4 5.0 5.4 5.1 5.0
5.5
6.5
4.5 3.7
3.5
3.6
3.5
4.5
3.4
2
11.8 10.7
9.6 9.5
8
10.9
4.1
4.2
4.1
4.8
4.0
4.1
3.8
2.1 1.0
0.5 0.2
0.7
0
2.0
-2 -3.4 -4 ROA = Operating income / Average total assets
-6
-5.3
ROE = Net income or loss / Average equity
-5.0
-6.9
-8 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
07
08
09 (FY)
Equity Ratio
8
(%)
24
Consolidated Non-consolidated
22
22.4 20.4 21.5
20
18.2 17.0
18 15.0
16
15.8
12 10
12.7 11.0 10.6
10.5
10.5
10.9
11.0
10.1
10.0
10.4
10.6
13.5
14.1
19.6
18.7 17.5
18.2
17.8
16.4
16.2
14.0 14
19.4
17.1
14.9
12.2
8 6 4 2
Equity Ratio = (Total net assets - Stock acquisition rights – Minority interests) / Total assets
0 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
07
08
09 (FY end)
Interest Bearing Debt Outstanding and Debt Equity Ratio (Non-consolidated) (Billion yen)
Bonds
Long-term Debt
Short-term Debt
CP
9
Debt Equity Ratio (right-hand scale)
12,000
10,000
8,000
6,000
(%)
1,000 10,534.2 10,500.7 10,481.9 10,208.3 190.0 289.0 170.0 10,185.8 9,861.3 9,898.6 130.0 619.0 255.0 701.3
467.3
900
415.0 9,425.1 8,970.0 669.0 557.0 8,585.2 365.0 610.0 751 683.0 355.0 7,908.9 7,629.8 733 7,748.8 716 496.0 7,479.9 703 3,523.7 701 235.0 7,384.4 394.0 135.0 7,183.1 4,332.0 3,941.3 3,631.6 295.0 348.0 65.0 348.0 4,290.1 3,191.7 358.0 260.0 4,301.1 348.0 348.0 2,771.0 2,344.7 2,083.9 1,738.3 582 1,525.7 1,811.4 1,792.2 1,353.1 1,557.0 707.4
707.3
640.0
511
470
436
4,000
800 700 600 500 400
364 314
396
342
259
339
299 5,803.0 6,061.2 5,767.0 5,585.5 5,487.0 5,577.3 5,650.2 5,776.5 5,621.1 5,310.8 5,222.0 5,279.9 5,354.4 5,169.1 4,890.0 5,080.8 2,000
300 200 100 0
0 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
07
08
09 (FY end)
Maintenance Expenses (Non-consolidated)
10
(Billion yen)
800 700
Generation Facilities
Others
669.6 14.0
632.6 11.8
600 500
Supply Facilities
617.5 580.7
13.9
12.4
573.5 13.4
558.1 548.5 12.3
11.1
503.9
472.7 469.3 459.0
9.7
329.2 317.6
309.1 300.3
400
292.8
406.2 411.4 276.0
268.3
10.3
7.7
8.3
8.5
247.8
300
8.8
216.7 216.2
208.9
179.6
194.0
02
03
214.7
227.2
432.1 6.8
381.3 373.9 5.9
5.6
195.8
202.0
179.5
166.3
08
09
218.3
200 326.3
303.1
267.8
294.5
267.2
269.7
269.0
100
246.3
247.1
246.9
223.4
207.0
0 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
04
05
06
07
(FY)
Personnel Expenses and Number of Employees (Non-consolidated) (Billion yen)
900 800
Amortization of Retirement Benefit Obligation Number of Employees (right-hand scale)
43,115 43,448 43,166 42,672 42,170 41,882
Shortage caused by Changes in Accounting Method (Number of Employees)
45,000 41,403 40,725
700 600 500
448.9
500.3 492.0 498.0
554.2 478.3
11
39,619
38,950 38,510 38,235 38,108 38,234 38,030 38,227
40,000
483.4 481.3
35,000
525.6 526.8 544.2 445.1 454.4
400
401.0
458.9 337.7
300
30,000
200 100
25,000 54.9 10.4
0
63.1
71.7 -21.7
-11.1
02
03
04
02 ( 25.7) 8.5 52.7 10.4 71.7 71.7
03 ( -47.0) -15.6 8.5 52.7 45.6 -67.3 -21.7
-100 1994
95
96
97
98
99
2000
01
51.6 -59.0
05
-0.1
06
44.4
-105.1
07
20,000 08
09
(FY, FY end)
Amortization of Retirement Benefit Obligation ○Actuarial loss (Amount accrued in each Fiscal Year) Amortization of actuarial loss (accrued in the FY) Amortization of actuarial loss (accrued in the previous FY) Amortization of actuarial loss (accrued in the year before last)
Total ○Past Service Liability (PSL) Total
(Billion yen)
2000 ( 31.2) 10.4 10.4 10.4
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01 ( 158.3) 52.7 10.4 63.1 63.1
04 05 ( -12.2) ( -117.9) -4.0 -39.3 -15.6 -4.0 8.5 -15.6 -11.1 -59.0 -11.1 -59.0
06 ( -15.4) -5.1 -39.3 -4.0 -48.5 48.4 -0.1
07 ( 100.1) 33.3 -5.8 -39.3 -11.7 -93.3 -105.1
08 ( 68.1) 22.7 33.3 -4.4 51.6 51.6
09 ( -35.0) -11.6 22.7 33.3 44.4 44.4
Age Distribution of Employees (Non-consolidated, as of March 31, 2010)
12
(Number of Employees)
8,000
20.0%
17.7%
7,000
18.0%
17.1% 15.2%
6,000
15.4%
16.0%
13.5%
14.0%
5,000
12.0%
4,000 3,000
10.0%
6.8%
7.1%
7.2%
8.0% 6.0%
2,000 4.0%
1,000
2.0%
0
0.0%
～24
～29
～34
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
～39
～44
～49
～54
55～
(Age)
Fuel Expenses (Non-consolidated) and Crude Oil Prices (All Japan CIF)
13
(Billion yen)
(＄/ b)
Fuel Expenses
2,500
Crude Oil Prices (All Japan CIF, right-hand scale)
100 90.52 78.73
2,000
90
2,078.7 80
1,755.1
70
63.50 1,500
69.39 60
55.81
1,000 611.6 590.6 500 17.32 18.27
655.8 662.3 21.63
696.6 662.1 522.2 557.5 28.37 20.92
18.82
23.84
38.77 1,040.0 905.8 822.4 782.6
1,192.6 50
1,062.7
40 30
27.42
29.43 20 10
12.76 0
0 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
07
08
09 (FY)
Nuclear Power Plant Capacity Utilization Ratio
14
(%) 100 90 80 70
83.2
84.1
80.2
80.8
76.6
76.6
81.3 79.5
84.2 83.1
84.4
81.7
80.5 73.4
80.1 79.4 80.1
68.9 59.7
60
60.7
74.2
71.9
65.7
69.9
66.4 61.7
60.7
60.0
53.3
50 44.9
40
43.8
30 26.3
20 10
TEPCO
Nationwide
Nuclear power plant capacity utilization ratio
Note:
=
Electricity generation Authorized capacity
×
×
Number of calendar hours
100(%)
0 1994
95 1994
Fukushima Daiichi
75.0 Fukushima Daini 73.7 Kashiwazaki-kariwa 80.4
96
97
98
99
2000
01
02
03
04
05
06
07
08
09 (FY)
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09
77.9 87.0 84.6
79.4 82.6 88.8
66.9 81.8 85.7
73.7 86.4 86.8
77.1 87.9 86.6
72.3 81.5 82.4
81.5 71.2 84.1
65.0 50.5 63.6
25.9 16.1 31.9
44.0 53.3 76.3
63.6 59.8 71.6
68.8 76.0 76.3
71.6 70.2 16.1
82.3 84.3 0.0
80.1 85.1 21.0
Note:Nuclear Power Plant Capacity Utilization Ratio of each NPS is approximate estimate.
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Thermal Power Efficiency
15
(%)
50.0 49.0 48.0 46.9
47.0 45.7
46.0
45.7
45.6
45.6
45.0 45.0
44.5
44.0 43.0
43.4
43.7
42.3 Note: Thermal power efficiency =
Electricity generated × 860 kCal/kWh Total fuel input
41.0 40.0
45.6
45.4
42.8
42.4
42.0
46.1
46.1
× 100(%)
*The thermal power efficiency is Lower Heating Value(LHV) equivalents.
1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
07
08
09 (FY)
Interest Expenses and Average Interest Rate (Non-consolidated) (Billion yen)
600
Debt Assumption
500
470.1 14.3
498.8 31.2 33.8
469.8
400 300
4.87
200
(%)
16.6 62.7
9 8
434.9 10.6 83.3
5.38
Average Interest Rate (excluding effect of DA, right-hand scale)
10
518.4 527.5 51.2
Prepayment
16
7
377.3 10.0 68.7
12.7 46.5
4.43
4.07
3.71
6
304.6
5 203.9 7.1
3.23
2.94
100
2.50
2.13
4
167.9 156.3 153.7 148.0 143.0 134.6 0.3 129.5 3.2 1.88
1.89
1.92
4.2
5.2
1.92
1.87
1.75
3
0.4
2
1.72
1
0
0 1994
95
96
97
98
99
2000
01
Debt Assumption(DA), Prepayment and Bond redemption before maturity exercised FY1995 96 97 98 99 DA Prepayment Bond redemptions before maturity
(Amount of principal applied) Interest expenses recorded (Amount of principal prepaid) Interest expenses recorded (Amount of principal redeemed) Loss on redemption recorded
02
03
04
05
06
07
08
09 (FY) (Billion yen)
2000
01
02
03
04
05
06
07
08
09
( 180.0) ( 50.0) ( 120.0) ( 260.0) ( 370.0) ( 420.0) ( 220.0) 51.2 14.3 33.8 62.7 83.3 68.7 46.5 - ( 348.9) ( 164.3) ( 43.9) ( 51.0) ( 133.2) ( 52.9) ( 10.7) ( 11.3) ( 22.0) ( 31.5) ( 40.6) - ( 69.3) 31.2 16.6 10.6 10.0 12.7 7.1 0.3 0.0 3.2 4.2 5.2 0.4 ( 26.4) ( 9.6) - ( 81.5) ( 72.0) ( 69.5) ( 27.0) ( 23.7) ( 5.4) ( 6.0) - ( 10.0) ( 7.5) 2.0 0.6 19.2 11.5 15.1 4.6 3.7 0.8 1.4 0.8 -0.03
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Capital Expenditures and Depreciation Expenses (Consolidated)
17
(Billion yen)
Capital Expenditure
1,200 1,023.2 1,012.7 1,000
964.6 921.1
995.8 953.4
Depreciation Expenses
922.3
889.9
847.5
824.0 751.6
800 706.6
663.9
623.7 561.2
600
772.4
757.0
664.2
695.9
07
08
759.3 640.8
574.6
400
200
0 1999
2000
01
02
03
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
04
05
06
09 (FY)
Capital Expenditures and Depreciation Expenses (Non-consolidated) (Billion yen)
Generation Facilities
1,800 1,600
1,000 800 600
Nuclear Fuel and Others
Depreciation Expenses
1,567.2 1,399.2
1,400 1,200
Supply Facilities
18
1,436.5 1,279.8
1,131.6 995.5 1,022.6 979.4 1,006.4 913.5 893.9 946.7 932.2 882.8 845.0 996.1 905.9 785.9 753.4 916.9 704.5 726.2 708.6 709.8 645.2 576.1 568.8 590.2 592.1 496.3 505.0 464.2
400 200 0 1994
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09 (FY) (Billion yen)
Fiscal Year Hydroelectric Thermal Nuclear Generation Facilities Transmission Transformation Distribution Supply Facilities
1994 95 96 97 98 99 2000 102.2 88.4 82.1 100.5 92.3 76.9 53.5 282.2 267.4 326.8 207.1 202.4 214.7 201.4 258.1 191.1 179.3 95.9 56.8 55.1 73.7 642.6 547.0 588.2 403.6 351.6 346.8 328.6 372.3 303.2 308.7 293.5 236.8 145.2 116.8 146.2 146.7 145.2 134.4 138.6 128.2 98.5 255.2 256.0 252.3 244.5 216.7 210.2 199.0 773.8 706.0 706.2 672.4 592.1 483.8 414.3 Nuclear Fuel and Others 150.7 146.0 141.9 203.8 187.7 175.7 163.0 Total 1,567.2 1,399.2 1,436.5 1,279.8 1,131.6 1,006.4 905.9 Depreciation Expenses 913.5 893.9 995.5 1,022.6 979.4 996.1 946.7
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01 49.4 287.2 57.9 394.7 84.7 51.4 178.1 314.2 223.2 932.2 916.9
02 32.0 157.7 42.5 232.3 69.5 29.1 136.1 234.8 177.9 645.2 882.8
03 29.3 104.5 56.1 190.1 79.5 50.3 126.4 256.2 129.6 576.1 845.0
04 19.5 74.1 38.3 132.0 58.3 36.2 129.4 224.1 108.0 464.2 785.9
05 25.7 53.1 39.4 118.2 71.3 52.3 141.3 265.0 121.6 505.0 753.4
06 12.5 72.7 43.4 128.7 95.8 55.6 137.3 288.9 78.7 496.3 704.5
07 9.4 58.0 64.1 131.6 155.7 41.6 129.2 326.5 110.6 568.8 726.2
08 11.8 68.5 125.8 206.2 130.4 35.1 119.8 285.4 98.4 590.2 708.6
09 11.0 46.1 149.2 206.4 143.3 45.3 109.6 298.4 87.1 592.1 709.8
Power Generation Capacity by Energy Source (TEPCO Only) (Million kW)
80
Hydro
Oil
Coal
LNG, LPG
Other Gases
70 60 51.32 51.21
53.98
50 14.60
14.60
40 0.35
0.35
30 19.26
19.26
15.95 0.00
21.19
58.84 56.76 56.87 57.85
17.31
17.31
17.31
17.31
60.38 60.38
17.31
17.31
62.66 62.82
17.31
17.31
4,949
61.84 61.83 62.47
17.31
17.31
63.98 64.49
17.31
17.31 27%
23.75
25.25
25.76 40%
1.60
1.60
1.60
10.83
10.83
10.83 17%
17.31
0.00
22.59
23.11
23.67
24.27
25.79
25.79
20 10
Nuclear
19
27.07
26.90
25.70
25.70
2%
1.00
1.60
1.60
1.60
8.76
8.76
8.50
8.23
8.23
8.52
8.52
8.52
8.52
8.99
8.99
8.99
8.99
8.99 14%
01
02
03
04
05
06
07
08
09 (FY)
0.53
0.53
0.53
9.24
8.83
8.66
9.20
8.76
8.76
8.76
8.76
7.34
7.63
7.64
7.66
7.70
8.10
8.51
1994
95
96
97
98
99
2000
0 The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Power Generation Capacity by Energy Source (including Purchased Power) (Million kW)
Hydro
Oil
Coal
LNG, LPG
Other Gases
80 71.50 72.37 70.36 67.87 67.95 69.28
70 60
65.23
17.00
50
15.64
1.88
18.19
18.19
18.19
2.26
1.53
1.53
1.53
19.29
21.62
23.02
23.54
18.19
1.53
24.17
1.53
24.62
1.53
26.11
18.19
18.19 1.64
15.64
40 19.26
18.19
1.79
1.53
26.46
5,816
76.76 77.69 75.29 75.61 74.59 74.93 75.63
18.19
60.49 61.95
Nuclear
27.74
27.57
18.19
1.79
18.19
1.79
26.37
26.57
30 20
2.15
2.65
2.65
2.12
2.12
20
2.12
2.12
1.73
2.23
3.23
3.83
3.80
3.80
10.01
10.04
10.34
10.08
9.82
9.96
18.19
18.19 23%
1.61
1.61
1.61
24.62
25.97
26.46 34%
4.27
4.27
12.34
12.07
12.01 15%
14.64 19%
18.19
9.33
9.59
9.42
9.96
9.47
9.77
9.99
12.23
12.53
13.01
13.06
13.10
13.51
13.92
13.93
13.93
14.15
14.15
14.63
14.63
14.60
14.64
1994
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
10
4.77
2%
6%
0 The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
09
(FY)
Power Generated by Energy Sources (TEPCO Only) (Billion kWh)
350
Hydro
Thermal
Nuclear
合計
300
250
200
256.9 255.0 248.8 249.2 251.9
264.3 265.6
21
261.8
257.0 253.7
269.7 271.0 273.5
233.7
97.2
106.9
116.6
119.4
126.1
128.3
120.4
121.5
92.0
39.9
259.7
252.2
68.3 93.5
100.7
66.3 112.5
80.9
32%
150 193.1
181.2
100 139.6
129.6
122.6
123.8
115.1
123.0
131.5
155.5
149.2
157.3
121.8
145.6
(71%) 182.7
161.2
64%
(54%)
50 (5%)
0
(4%)
12.0
12.7
12.7
13.7
13.8
13.0
13.7
13.7
12.5
12.6
12.8
11.7
12.9
12.1
10.7
10.1
4%
1994
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09
(FY)
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Power Generated by Energy Sources (including Purchased Power) (Billion kWh)
350
300
277.6 0.0
Hydro
Oil
Coal
LNG, LPG
294.1 291.7 294.8 284.3 288.4 0.7 0.9 0.5
0.8
0.6
Other Gases
303.3 0.9
291.5 294.8 1.1
105.1
113.5
123.9
126.2
133.6
128.5
127.6
3.8
150 87.8
88.1
3.3
3.1
55.2
2.7
92.3
96.0
95.3
102.1
108.7
0.9
1.0
46.5
11.7
11.9
36.4
34.6
11.1
11.2
26.6
28.7
30.9
9.9
324.4 1.2
100.8
105.1
118.2
3.7
4.1
4.2
140.6 119.4
300.7 1.4
0%
83.7
28%
3.4
1%
72.1
4.3
3.7
134.4
2.5
312.8 1.4
75.3
139.9 134.8 45%
115.7 120.5
107.2 29.9
19.9 11.9
合計
4.7
126.7
118.5
100 8.1
3.0
2.9
1.1
1.2
3.5 3.3
0
282.3
97.2
200
New Energy
314.5 307.7 311.7
46.3
250
50
1.2
Nuclear
22
14.6 11.2 21.8
41.0
56.6
25.9
26.0
37.1
42.0
29.2
24.5
18.1
20.0
20.2
21.6
22.5
20.6
21.3
21.0
18.8
19.2
19.7
17.9
1994
95
96
97
98
99
2000
01
02
03
04
05
26.9
54.7
19.7
18.5
06
07
34.1
11%
27.7
9%
15.6
6%
49.3 16.6
08
09 (FY)
Note:Due to a previous error of “2007 purchased power” figure,the FY2007 portion of this graph has been revised
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
PER and EPS
23
PER (Consolidated) EPS (Consolidated)
160
(EPS, yen)
PER (Non-consolidated) EPS (Non-consolidated)
300 229.76
140
220.96
181.13
200
194.10
153.66 149.11 192.99 120 122.08 167.29 112.25 100.03 150.34 (PER, times) 137.68 72.01 68.47 64.58 113.09 110.53 60.32 100 96.84 38.53 69.04 64.63 57.20 59.87 35.77 80 76.60 71.11
99.18 100 75.78 0 -62.65
60 45.43 40 20 0
39.34 37.30 26.02
42.12
36.94 34.81
32.88
-131.54
35.41 32.86 20.76 18.56 18.01 20.03 21.31 15.54 15.21 25.19 18.16 20.98 18.24 *PER is calculated from the closing price at the end of each fiscal 16.63 18.55 14.35 12.77 year and cannot be calculated for FY2007 and FY2008 due to net loss. 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
-100
-83.79
-111.26
-200 25.13 -300 07
08
09
(FY, FY end)
PBR and BPS
24 (BPS, yen)
8
PBR (Consolidated) BPS (Consolidated)
7 6 (PBR, times)
5 4
1,117.33 1,154.67 1,094.81 1,104.89 1,054.27 1,029.78
2,500
PBR (Non-consolidated) BPS (Non-consolidated)
2,248.34 2,059.52
1,967.03 1,853.52 1,828.08 2,000 1,763.32 2,053.52 1,748.06 1,662.38 1,891.48 1,612.97 1,764.50 1,728.13 1,506.62 1,605.48 1,578.41 1,600.43 1,500 1,367.25 1,522.47 1,482.33 1,176.44 1,425.47
1,292.81 1,083.60 1,102.53 1,036.87
1,000
500 3
2.58
2.66 2.17
2
2.43
2.33
2.31
2.50 2.04
2.18
2.17
1.65
1 0
1.74
1.96 1.85
1.67 1.54
1.96 1.49
1.47
1.50
1.55
0 1.51
1.56
1.35
1.40 1.36
1.56
1.79 1.36
1.35
1.40
1.43
*PBR is calculated from the closing price at the end of each fiscal year.
1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
-500
-1,000 02
03
04
05
06
07
08
09
(FY, FY end)
Dividend Payout Ratios and Dividend Yields
25 (%)
(%)
Dividend Payout Ratio (Consolidated) Dividend Payout Ratio (Non-consolidated) Dividend Yield (right-hand scale)
160 140
139.9
4.0 3.5
129.8
120
3.0 2.67 2.42
100 80 60
2.65
87.4
83.5 77.4 1.84
2.22
92.8 87.6
1.98 1.96
82.9
72.4
1.82
2.44
2.31
2.15
2.44
2.04
2.41
2.5
79.2
2.0
69.4 53.1
51.6
39.9 43.6
50.0
40
2.55
39.0
1.74
54.3
60.5 49.1
53.5
35.9
40.2
31.1
33.1
20
26.1
36.1
1.5 1.0
31.7
0.5
*Dividend Yield is calculated based on the closing price at the end of each fiscal year. Dividend Payour Ratios for FY2007 and FY2008 are not available due to net loss recorded in each fiscal year.
0
0.0 1994
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09 (FY, FY end)
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Shareholder Compositions by Type of Investors 100%
3.25 17.02
80% 7.31
60%
18.63
9.74
40%
20%
0%
4.06
35.13
3.26 16.54
7.46
16.72
9.74
3.26 16.20
7.62
15.97
9.71
3.23 15.90
9.49
13.89
8.94
15.45
11.16
12.69
8.29
6.07
6.55
8.48
10.60
35.60
36.60
36.41
35.59
Treasury Stock Foreign Companies, etc. Securities Firms Nonlife Insurance Companies Trust Bankings Central and Local Governments
1994
3.23
95
96
97
3.23
3.23
3.23
3.23
3.23
3.23
3.23
3.23
3.21
3.21
3.21
10.60
9.95
9.06
7.51
6.91
6.93
6.45
14.79
12.39
6.37
12.99
16.37
17.12
14.65
15.86
15.78
19.66
17.84
10.69
10.34
10.10
6.39
5.90
5.43
10.89
14.11
15.86
20.33
39.11
37.96
36.81
0.11
0.14
0.16
03
04
05
10.49
12.04
8.07 11.93
36.70
13.79
13.10
7.28
16.98
11.00
6.80
13.02
12.36
34.58
34.83
17.80
11.05
6.91 10.56
37.30
Individuals Other Domestic Companies Other Financial Institutions Life Insurance Companies Banks
98
26
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
11.26
6.52
9.93 10.00 5.58
19.14
4.70
17.28
9.84 4.73
17.37
36.78
36.17
37.87
0.18
0.19
0.20
0.21
06
07
08
09 (FY end)
33.27
Historical Share Prices and Trading Volumes (Tokyo Stock Exchange) (Yen)
27
(Million shares)
5,000
250
Trading Volume(right-hand scale) 4,500
225
Monthly Closing Price (9501=Tokyo Electric Power)
4,000
200
3,500
175
3,000
150
2,500
125
2,000
100
1,500
75
1,000
50
500
25
0 1994.4 95.4
0 96.4
97.4
98.4
99.4 2000.4 01.4
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
02.4
03.4
04.4
05.4
06.4
07.4
08.4
09.4
Credit Ratings
28
Moody’s Aaa Aaa
S&P AAA AAA
R&I
JCR
AAA AAA
JGB, JGB, Toyota, Toyota, Takeda Takeda Pharma, Pharma, Denso Denso
AAA AAA
JGB, JGB, TEPCO TEPCO and and Other Other 88 EPCOs, J-Power, Tokyo EPCOs, J-Power, Tokyo Gas, Gas, JR JR East, East, JR JR Central, Central, NTT DoCoMo NTT DoCoMo
AA+ AA+
TEPCO TEPCO and and Other Other 99 EPCOs, EPCOs, J-Power, J-Power, Tokyo Tokyo Gas, Gas, Osaka Osaka Gas, Gas, JR JR East, East, Canon, Canon, NTT NTT DoCoMo DoCoMo
AA+ AA+
Osaka Osaka Gas, Gas, Toho Toho Gas, Gas, JR JR West, Seven & i Holdings West, Seven & i Holdings
AA AA
Toho Toho Gas, Gas, JR JR West, West, JR Central, JT, JR Central, JT, Seven Seven && ii Holdings Holdings
AA AA
Japan Japan Atomic Atomic Power Power
Hitachi Hitachi
Aa1 Aa1
Tokyo Tokyo Gas, Gas, Takeda Takeda Pharma, Pharma, NTT, NTT DoCoMo, NTT, NTT DoCoMo, JR JR East, Canon East, Canon
Aa2 Aa2
JGB, JGB, Toyota, Toyota, TEPCO TEPCO and and Other Other 77 EPCOs, EPCOs, J-Power, J-Power, JR JR Central, Central, Osaka Osaka Gas, Gas, Denso Denso
AA AA
JGB, JGB, Toyota, Toyota, TEPCO TEPCO and and Other Other 44 EPCOs, EPCOs, J-Power, J-Power, Tokyo Tokyo Gas, Gas, Osaka Osaka Gas, Gas, Denso, Canon, NTT, Denso, Canon, NTT, NTT NTT DoCoMo, DoCoMo, Takeda Takeda Pharma Pharma
Aa3 Aa3
JT, JT, Seven Seven && ii Holdings Holdings
AAAA-
JR JR East, East, Seven Seven && ii Holdings Holdings
AAAA-
Japan Japan Atomic Atomic Power, Power, Sony Sony
AAAA-
A1 A1
A+ A+
JT JT
A+ A+
Hitachi Hitachi
A+ A+
A2 A2
AA
A3 A3
Sony, Sony, Hitachi Hitachi
AA+ AA+
AA-
Sony Sony
*Senior Long-term Credit Ratings as of April 22, 2010 The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
AA
AA
AA-
AA-
Liabilities and Net Assets
Assets
Balance Sheets (Consolidated) 1994 Fixed assets 13,007.4 Electric utility fixed assets 9,580.6 Hydroelectric power generation facilities 605.6 1,137.8 Thermal power generation facilities 1,455.9 Nuclear power generation facilities 2,752.6 Transmission facilities 1,175.9 Transformation facilities 2,159.2 Distribution facilities 293.3 General facilities and other Construction in progress 2,064.0 Nuclear fuel 586.5 Other fixed assets 776.2 Current assets 636.4 Total 13,643.9 Long-term liabilities 9,730.0 Bonds 4,482.8 Convertible bonds 178.4 Long-term loans 3,965.0 Other long-term liabilities 1,103.7 Current liabilities 2,401.8 Reserve for fluctuation in water levels 8.3 Minority interests 6.9 Total liabilities 12,147.2 Minority interests Common stock 670.4 Capital surplus 25.0 Retained earnings 801.1 Land revaluation (loss) gain Unrealized holding gain on securities Translation adjustments Treasury stock, at cost -0.0 Total shareholder's equity 1,496.6 Shareholder's equity Common stock Capital surplus Retained earnings Treasury stock, at cost Foreign currency translation adjustments Equity Warrant Minority interests Total net assets Total 13,643.9
95 13,497.3 9,631.6 596.1 1,115.9 1,302.9 2,879.8 1,202.5 2,237.9 296.1 2,414.6 574.1 876.9 571.6 14,068.9 9,750.8 4,454.3 178.4 3,955.8 1,162.2 2,825.6 4.3 6.9 12,587.8 676.4 19.0 785.6 -0.0 1,481.1 14,068.9
96 13,737.4 10,318.3 575.3 1,362.5 1,513.1 3,030.2 1,217.3 2,310.4 309.2 1,924.6 550.4 944.0 495.9 14,233.3 10,230.6 4,888.8 178.4 3,997.4 1,165.9 2,502.0 0.0 5.9 12,738.5 676.4 19.0 799.2 -0.0 1,494.7 14,233.3
97 13,824.7 10,549.2 573.7 1,350.5 1,693.5 3,030.3 1,214.5 2,379.8 306.5 1,690.0 578.0 1,007.4 522.1 14,346.9 10,364.5 5,341.8 178.4 3,674.5 1,169.7 2,414.7 0.0 5.5 12,784.7 676.4 19.0 866.6 -0.0 1,562.1 14,346.9
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
98 13,887.4 10,347.4 565.2 1,361.6 1,533.0 2,996.2 1,181.3 2,416.7 293.1 1,811.0 613.3 1,115.5 519.9 14,407.4 10,229.0 5,361.8 178.4 3,382.2 1,306.4 2,578.3 3.5 12,810.8 4.9 676.4 19.0 896.1 -0.0 1,591.5 14,407.4
29 99 13,992.7 10,690.2 822.2 1,368.1 1,382.6 3,292.7 1,215.7 2,340.1 268.5 1,164.7 682.0 1,455.7 566.5 14,559.3 10,088.2 5,208.2 178.4 3,153.1 1,548.3 2,613.0 3.4 12,704.7 4.9 676.4 19.0 1,154.2 -0.0 1,849.6 14,559.3
2000 13,958.8 10,503.4 796.2 1,296.4 1,257.2 3,246.4 1,285.6 2,369.5 251.8 1,135.4 712.5 1,607.2 603.4 14,562.2 9,495.7 4,838.4 178.4 2,745.8 1,733.0 3,018.2 5.2 12,519.2 4.7 676.4 19.0 1,273.8 68.9 -0.0 2,038.2 14,562.2
01 13,879.4 10,242.9 756.9 1,370.9 1,143.6 3,103.5 1,250.6 2,364.2 252.9 1,130.2 765.1 1,741.1 699.1 14,578.5 9,277.9 4,668.8 178.4 2,422.2 2,008.4 3,099.3 6.0 12,383.3 13.2 676.4 19.0 1,443.6 39.6 3.4 -0.2 2,181.9 14,578.5
02 13,556.1 9,742.6 719.2 1,287.9 1,022.7 2,966.0 1,168.7 2,338.8 239.0 1,228.2 854.1 1,731.0 621.1 14,177.2 9,368.1 5,145.9 2,072.5 2,149.6 2,545.7 4.2 11,918.1 13.2 676.4 19.0 1,527.4 0.9 20.6 3.7 -2.4 2,245.8 14,177.2
03 13,269.7 9,636.6 683.4 1,541.8 929.4 2,817.7 1,116.5 2,306.4 241.3 848.0 909.3 1,875.7 630.8 13,900.9 9,497.5 5,555.1 1,836.3 2,106.0 2,003.8 11.9 11,513.3 27.1 676.4 19.0 1,595.9 0.6 71.8 0.4 -3.9 2,360.4 13,900.9
04 13,025.9 9,229.5 649.5 1,469.8 855.0 2,698.7 1,045.4 2,294.7 216.1 776.9 925.1 2,094.2 722.5 13,748.8 9,361.1 5,400.3 1,749.2 2,211.5 1,833.4 19.7 11,214.3 32.2 676.4 19.0 1,740.9 0.5 69.9 0.2 -4.9 2,502.1 13,748.8
05 12,848.5 9,079.6 885.4 1,324.6 792.0 2,583.1 1,004.8 2,277.3 212.0 519.9 917.1 2,331.9 745.2 13,594.1 8,432.3 4,905.2 1,372.7 2,154.4 2,329.8 16.4 10,778.6 35.6 676.4 19.0 1,969.9 -3.6 117.7 5.8 -5.7 2,779.7 13,594.1
06 12,670.6 8,699.6 842.2 1,199.8 736.6 2,479.4 978.7 2,262.6 199.9 556.6 893.7 2,520.6 850.7 13,521.3 8,073.7 4,535.0 1,335.6 2,203.0 2,351.4 22.4 10,447.6 2,875.5 676.4 19.0 2,186.8 -6.7 157.9 0.0 40.2 3,073.7 13,521.3
07 12,697.5 8,351.3 800.5 1,113.9 676.7 2,370.9 941.0 2,243.3 204.8 659.6 921.8 2,764.6 981.5 13,679.0 8,602.6 4,697.4 1,458.8 2,446.3 2,363.5 17.4 10,983.6 2,626.1 676.4 19.1 1,937.8 -7.1 27.5 41.6 2,695.4 13,679.0
(Billion yen)
08 12,351.2 8,099.0 761.5 1,124.8 641.1 2,271.2 893.3 2,218.7 188.2 648.5 915.9 2,687.6 1,208.0 13,559.3 9,067.7 4,937.0 1,687.5 2,443.1 2,058.5 13.5 11,139.8 2,460.1 676.4 19.1 1,772.3 -7.7 -81.5 40.8 2,419.4 13,559.3
09 12,221.4 7,814.2 725.5 1,030.8 667.8 2,168.0 860.3 2,185.0 176.5 686.7 902.9 2,817.4 982.5 13,203.9 8,769.3 4,739.6 1,614.3 2,415.3 1,913.0 5.1 10,687.5 2,519.0 676.4 19.1 1,831.4 -8.0 -53.2 0 50.7 2,516.4 13,203.9
Statements of Income (Consolidated)
30 (Billion yen)
1994
Operating revenues Revenues
Electric power operating revenues Other operating revenues Non-operating revenues Equity in earnings Other Total ordinary revenues Operating expenses
Expenses
Electric power operating expenses Other operating expenses Operating income Non-operating expenses Equity in loss Other Total ordinary expenses
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09
5,002.4 5,053.9 5,038.7 5,278.0 5,088.4 5,091.6 5,258.0 5,220.5 4,919.1 4,853.8 5,047.2 5,255.4 5,283.0 5,479.3 5,887.5 5,016.2 4,964.4 5,021.8 5,003.8 5,244.0 5,052.5 5,053.5 5,220.3 5,129.6 4,801.3 4,722.1 4,797.6 4,895.5 4,952.3 5,168.5 5,553.7 4,732.7 38.0
32.0
34.9
33.9
35.8
38.0
37.7
90.9
117.7
131.7
249.5
359.9
330.7
310.8
333.8
283.4
9.6
7.0
10.5
13.3
18.8
21.6
17.8
30.8
20.8
24.2
38.8
52.5
67.0
69.7
63.5
73.1
-
-
-
-
3.3
-
-
-
-
-
1.1
5.3
13.6
9.1
13.8
12.6
9.6
7.0
10.5
13.3
15.5
21.6
17.8
30.8
20.8
24.2
37.7
47.2
53.3
60.5
49.6
60.5
5,012.1 5,060.9 5,049.3 5,291.3 5,107.2 5,113.3 5,275.8 5,251.4 4,939.9 4,878.0 5,086.0 5,308.0 5,350.0 5,549.1 5,951.0 5,089.4 4,256.6 4,348.2 4,410.3 4,554.4 4,399.7 4,303.5 4,525.4 4,561.6 4,397.7 4,364.8 4,480.9 4,679.2 4,732.1 5,342.9 5,820.6 4,731.8 4,218.7 4,315.9 4,375.8 4,517.5 4,362.8 4,263.1 4,488.5 4,468.8 4,264.0 4,211.9 4,207.7 4,296.9 4,398.1 5,055.8 5,513.6 4,472.0 37.9
32.2
34.4
36.9
36.9
40.3
36.9
92.8
133.6
152.8
273.1
382.3
333.9
287.0
307.0
259.8
745.7
705.7
628.4
723.5
688.6
788.0
732.5
658.9
521.4
489.0
566.3
576.2
550.9
136.4
66.9
284.4
543.3
543.5
492.4
514.5
488.1
459.6
419.4
346.9
271.1
205.5
196.9
201.8
176.6
173.0
165.1
153.2
-
-
-
-
-
9.5
1.0
5.3
13.3
16.5
-
-
-
-
-
-
543.3
543.5
492.4
514.5
488.1
450.1
418.3
341.5
257.7
188.9
196.9
201.8
176.6
173.0
165.1
153.2
4,800.0 4,891.7 4,902.7 5,069.0 4,887.9 4,763.2 4,944.9 4,908.5 4,668.8 4,570.3 4,677.8 4,881.0 4,908.7 5,516.0 5,985.7 4,885.1
Ordinary income
212.0
169.2
146.5
222.3
219.2
350.0
330.9
342.8
271.1
307.7
408.2
426.9
441.2
33.1
-34.6
204.3
(Reversal of) provision for reserve for fluctuation in water levels
-14.0
-4.0
-4.3
-0.0
3.5
-0.0
1.8
0.7
-1.7
7.6
7.7
-3.2
5.9
-5.0
-3.8
-8.4
Extraordinary gain
-
-
-
-
-
-
-
-
-
-
-
51.1
60.7
18.6
-
10.7
Extraordinary loss
-
-
-
-
6.6
203.9
-
29.7
7.6
44.8
27.6
7.5
-
269.2
68.8
-
Income / loss before income taxes
226.1
173.3
150.9
222.3
209.1
146.2
329.1
312.4
265.1
255.3
372.8
473.8
496.0
-212.4
-99.5
223.4
Income taxes - current
146.4
126.3
73.6
91.6
112.5
135.0
143.1
143.3
134.1
98.3
146.2
146.3
202.8
17.5
18.5
20.1
Income taxes - deferred
-0.6
-0.8
-0.3
-0.5
-0.2
-76.1
-21.7
-27.4
-33.4
8.6
-0.6
13.3
-8.9
-82.6
-37.2
66.5
Minority interests
0.0
0.0
-0.0
-0.3
-0.5
-0.0
-0.1
-5.1
-0.8
-1.2
1.0
3.7
4.0
2.7
3.5
2.9
Equity in earnings
6.1
4.0
3.9
3.6
-
-
-
-
-
-
-
-
-
-
-
-
Net income / loss
86.5
51.8
81.6
135.3
97.4
87.4
207.8
201.7
165.2
149.5
226.1
310.3
298.1
-150.1
-84.5
133.7
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Statements of Cash Flows (Consolidated) Cash flow from operating activities: Income / loss before income taxes and minority interests Depreciation and amortization Loss due to impairment Loss on nuclear fuel Loss on disposal of property, plant and equipment Reversal of accrued employees’retirement benefits Provision for accrued employees' retirement benefits Provision for reprocessing of irradiated nuclear fuel Reserve for reprocessing of irradiated nuclear fuel Reserve for future reprocessing of irradiated nuclear fuel Provision for decommissioning costs of nuclear power units Provision for casualty loss Interest and dividend income Interest expense Stock exchange gain on merger of certain subsidiaries with an exclusion from Gain on business transfer Equity in earnings Increase in trust funds for reprocessing of irradiated nuclear fuel Increase (decrease) in long-term prepaid expenses Increase (decrease) in notes and accounts receivable Increase (decrease) in inventories Increase (decrease) in notes and accounts payable Other Subtotal Interest and cash dividends received Interest paid Income taxes paid Cash flows from investing activities: Purchases of property, plant and equipment Contributions in aid of construction Increase in investments Proceeds from investments Payments for purchases of subsidiaries, net cash acquired Proceeds from purchases of subsidiaries, net cash paid Decrease due to merger of certain subsidiaries with an exclusion from consolidation Payments for sale of equity in subsidiaries Decrease due to disposal of consolidated subsidiaries Proceeds from sale of equity in subsidiaries Decrease due to business transfer Proceeds from sale of subsidiaries Other Cash flows from financing activities: Proceeds from issuance of bonds Redemption of bonds Proceeds from long-term loans Repayment of long-term loans Proceeds from short-term loans Repayment of short-term loans Proceeds from issuance of commercial paper Redemption of commercial paper Cash dividends paid Other Effect of exchange rate changes on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of the year Increase due to addition of consolidated subsidiaries Cash and cash equivalents at end of the year
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
1999 1,434.8 146.2 1,012.7 88.9 52.3 202.8 56.2 21.3 -9.3 438.5 -12.3 26.8 -26.6 1,997.8 5.8 -446.6 -122.1 -1,070.4 -1,030.1 9.9 -9.1 2.2 -43.4 -372.3 593.1 -889.2 300.2 -414.4 866.6 -846.0 1,270.0 -1,185.0 -67.6 -0.0 -7.9 83.3 75.4
2000 1,456.4 329.1 964.6 77.6 33.9 42.0 71.9 19.3 -9.9 380.3 -51.7 45.9 82.0 1,985.4 6.1 -389.0 -146.0 -1,017.0 -945.2 10.4 -58.4 1.1 -24.9 -431.2 699.8 -881.3 190.4 -538.8 1,340.6 -1,314.1 1,515.0 -1,355.0 -87.7 0.0 8.2 75.4 83.6
01 1,464.1 312.4 953.4 71.0 35.2 51.4 185.1 16.3 -9.7 308.5 -16.1 -29.1 49.5 1,928.2 6.7 -321.2 -149.5 -905.4 -894.5 13.3 -23.1 20.0 1.0 -22.1 -558.1 759.7 -862.7 250.2 -701.4 1,361.2 -1,428.6 2,232.0 -2,090.0 -81.0 2.5 1.2 1.8 83.6 27.9 113.4
02 1,406.3 265.1 922.3 48.2 32.8 63.7 65.6 15.6 -8.8 206.7 32.9 91.7 24.3 1,760.5 4.2 -217.3 -141.1 -863.7 -828.2 27.5 -38.3 2.0 -26.7 -573.7 800.8 -710.3 87.5 -549.8 1,447.4 -1,375.2 2,024.0 -2,216.0 -80.9 -1.1 0.9 -30.3 113.4 83.1
31 03 1,147.5 255.3 889.9 20.1 32.4 -66.1 22.8 1.6 -8.3 170.4 11.3 19.0 70.0 1,418.8 4.6 -175.0 -100.8 -693.8 -659.8 13.6 -22.1 2.0 -17.4 9.5 -19.5 -451.3 534.5 -462.5 147.6 -393.3 1,377.4 -1,563.2 2,299.0 -2,309.0 -80.9 -1.0 -2.0 0.3 83.1 83.4
04 1,411.4 372.8 847.5 47.3 33.2 -39.2 111.7 3.5 -9.7 164.5 -12.2 38.8 121.0 1,679.4 8.2 -165.3 -110.8 -577.5 -561.4 16.6 -21.5 31.2 -30.7 0.4 -11.9 -785.6 252.1 -124.3 96.4 -432.1 1,075.8 -1,215.5 1,365.0 -1,720.0 -80.9 -2.0 0.6 48.9 83.4 132.4
05 935.6 473.8 824.0 49.6 34.1 -65.6 9.6 21.3 -11.1 161.3 -51.1 -262.2 -18.1 91.8 -2.2 1,255.2 6.8 -163.8 -162.6 -615.3 -618.4 10.9 -16.8 21.3 -14.3 -44.9 46.9 -350.1 249.1 -405.9 98.0 -315.7 906.5 -935.8 1,020.0 -885.0 -80.8 -0.4 2.2 -27.6 132.4 104.7
06 1,073.6 496.0 751.6 55.5 45.3 3.7 17.5 17.9 16.5 -19.0 154.7 -60.7 -84.2 -24.4 33.2 -31.1 1,372.6 14.3 -157.7 -155.6 -550.1 -544.1 25.1 -32.1 23.6 0.1 0.9 -3.9 -19.8 -514.8 327.9 -729.0 194.7 -361.0 834.2 -823.8 889.0 -764.0 -80.9 -2.0 0.4 9.1 104.7 113.9
07 509.8 -212.4 772.4 33.4 24.0 -14.4 -32.1 2.6 82.1 164.5 -29.3 149.3 -171.4 -105.4 -7.5 235.9 -31.4 860.3 23.9 -150.5 -223.8 -686.2 -671.0 19.0 -57.8 6.9 -0.9 2.3 -0.8 3.4 -0.3 12.7 188.2 747.7 -693.3 426.9 -252.7 815.3 -788.5 1,487.0 -1,452.0 -101.0 -1.2 -0.6 11.2 113.9 125.1
08 599.1 -99.5 757.0 12.2 31.6 23.1 -0.8 -15.8 6.4 16.2 3.6 -31.2 140.1 -13.8 -149.5 61.5 -42.8 19.1 -114.0 36.9 640.2 27.8 -141.4 72.4 -655.3 -661.4 12.4 -17.7 29.9 -0.9 -17.5 194.4 668.0 -598.0 540.4 -282.0 859.5 -851.2 1,555.0 -1,615.0 -80.9 -1.3 -4.6 133.5 125.1 258.7
(Billion yen)
09 988.2 223.4 759.3 37.1 22.9 -7.4 -17.6 9.3 18.5 -75.3 -27.8 134.0 -12.6 -156.9 81.0 66.9 55.4 1,110.6 29.3 -137.8 -13.8 -599.2 -633.6 25.6 -52.1 12.8 37.6 10.4 -495.0 239.3 -427.8 322.0 -356.1 721.8 -749.7 730.0 -900.0 -80.8 6.1 0.4 -105.5 258.7 153.1
Liabilities and Net Assets
Assets
Balance Sheets (Non-consolidated) 1994 12,786.0 Fixed Assets 9,602.3 Electric power fixed assets 598.4 Hydroelectric power generation facilities 1,143.0 Thermal power generation facilities 1,458.0 Nuclear power generation facilities Internal combustion engine power generation facilities 46.6 Renewable energy generation facilities 2,763.0 Transmission facilities 1,178.8 Transformation facilities 2,167.2 Distribution facilities 246.8 General facilities and other 2,051.2 Construction in progress 586.5 Nuclear fuel 545.9 Other fixed assets 593.3 Current assets Deferred assets 13,379.4 Total assets 9,587.6 Long-term liabilities 4,482.4 Bonds 178.4 Convertible bonds 3,843.3 Long-term loans 1,083.5 Other long-term liabilities 2,371.1 Current Liabilities 8.3 Reserves 11,967.2 Total liabilities 670.4 Common stock 161.2 Capital surplus 580.5 Retained earnings Unrealized holding gain on securities Treasury stock, at cost 1,412.1 Total shareholders' equity Shareholder's equity Common stock Capital surplus Retained earnings Treasury stock, at cost Foreign currency translation adjustments Total net assets 13,379.4 Total
95 13,273.7 9,654.5 589.1 1,121.2 1,305.0 40.7 2,890.2 1,205.4 2,247.0 255.6 2,404.4 574.1 640.5 526.6 13,800.3 9,605.8 4,453.9 178.4 3,832.5 1,141.0 2,797.0 4.3 12,407.2 676.4 161.9 554.7 1,393.1 13,800.3
96 13,502.8 10,342.7 568.2 1,367.6 1,515.2 38.7 3,040.6 1,220.9 2,320.5 270.7 1,917.1 550.4 692.5 456.9 13,959.8 10,093.7 4,888.2 178.4 3,883.5 1,143.4 2,463.3 12,557.0 676.4 168.6 557.6 1,402.7 13,959.8
97 13,592.2 10,573.4 565.7 1,355.4 1,695.8 36.8 3,040.7 1,217.9 2,390.9 269.9 1,683.8 578.0 756.9 486.0 14,078.3 10,228.9 5,343.0 178.4 3,562.4 1,144.9 2,383.4 12,612.4 676.4 175.4 614.0 1,465.9 14,078.3
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
98 13,657.2 10,372.7 557.2 1,366.6 1,535.5 32.1 3,006.6 1,184.7 2,428.6 261.1 1,804.4 613.3 866.6 479.7 14,136.9 10,095.1 5,362.8 178.4 3,275.9 1,277.9 2,546.7 3.5 12,645.3 676.4 182.2 632.8 1,491.5 14,136.9
99 13,766.8 10,789.3 814.9 1,373.1 1,385.6 17.1 3,311.0 1,230.0 2,405.2 252.0 1,159.0 683.1 1,135.3 527.9 14,294.8 9,954.5 5,208.6 178.4 3,052.6 1,514.8 2,587.8 3.4 12,545.8 676.4 188.1 884.4 1,749.0 14,294.8
32 2000 13,737.4 10,597.7 789.1 1,301.7 1,260.3 12.3 3,264.1 1,300.1 2,429.6 240.1 1,139.0 713.9 1,286.7 560.2 14,297.6 9,369.9 4,837.1 178.4 2,659.0 1,695.3 2,993.9 5.2 12,369.1 676.4 188.1 999.7 64.1 1,928.4 14,297.6
01 13,559.3 10,338.6 750.4 1,376.1 1,146.8 12.3 3,121.9 1,264.8 2,424.7 241.2 1,123.0 766.7 1,330.8 615.5 14,174.8 9,107.2 4,668.4 178.4 2,317.8 1,942.5 3,056.3 5.9 12,169.5 676.4 188.1 1,104.6 36.2 -0.2 2,005.2 14,174.8
02 13,254.7 9,833.9 712.7 1,292.7 1,025.9 11.6 2,983.3 1,181.7 2,397.7 228.0 1,212.1 856.0 1,352.6 557.7 13,812.5 9,222.5 5,142.9 1,994.5 2,085.0 2,527.1 4.2 11,754.0 676.4 19.0 1,345.5 19.4 -1.8 2,058.5 13,812.5
03 12,889.0 9,723.4 676.8 1,546.6 932.8 13.7 2,833.6 1,128.2 2,363.3 228.1 805.3 911.5 1,448.7 544.9 0.3 13,434.3 9,271.4 5,550.2 1,682.2 2,038.8 1,981.3 11.8 11,264.5 676.4 19.0 1,416.1 61.5 -3.3 2,169.7 13,434.3
04 12,532.3 9,310.9 643.0 1,474.0 858.3 12.7 2,713.5 1,056.0 2,349.4 203.8 738.5 929.1 1,553.7 568.5 0.2 13,101.1 8,985.2 5,376.5 1,476.0 2,132.5 1,761.6 19.5 10,766.4 676.4 19.0 1,579.8 63.9 -4.3 2,334.7 13,101.1
05 12,429.3 9,154.9 878.8 1,328.0 794.9 9.5 2,596.5 1,013.8 2,330.2 202.8 482.4 920.9 1,871.0 601.8 0.2 13,031.4 8,189.6 4,899.1 1,210.9 2,079.6 2,270.4 16.3 10,476.4 676.4 19.0 1,759.5 105.1 -5.1 2,555.0 13,031.4
06 12,242.7 8,770.5 835.6 1,202.9 739.4 9.4 2,490.8 986.8 2,314.5 190.7 526.2 896.8 2,049.1 681.2 12,924.0 7,808.2 4,529.9 1,160.2 2,118.0 2,320.2 22.3 10,150.8 2,629.8 676.4 19.0 1,940.5 -6.1 143.3 2,773.2 12,924.0
07 12,249.6 8,416.0 791.4 1,116.5 679.4 11.5 2,381.6 948.4 2,293.3 193.5 595.0 923.9 2,314.5 808.0 13,057.7 8,350.5 4,694.4 1,294.7 2,361.3 2,307.2 17.3 10,675.0 2,350.5 676.4 19.1 1,661.5 -6.5 32.1 2,382.7 13,057.7
(Billion yen)
08 11,946.5 8,159.5 751.6 1,127.3 643.8 10.4 2,281.3 899.7 2,267.1 178.0 590.6 917.0 2,279.2 1,043.5 12,990.0 8,841.8 4,936.3 1,528.1 2,377.4 2,003.6 13.4 10,858.9 2,155.8 676.4 19.1 1,467.4 -7.1 -24.7 2,131.1 12,990.0
09 11,855.4 7,871.7 715.6 1,032.4 670.9 9.9 1.1 2,177.9 866.3 2,231.5 165.6 650.9 903.5 2,429.3 787.5 12,643.0 8,549.8 4,739.1 1,466.3 2,344.3 1,927.5 5.0 10,482.3 2,176.8 676.4 19.1 1,488.7 -7.4 -16.2 2,160.6 12,643.0
Revenues
Statements of Income (Non-consolidated) Electric power operating revenues Lighting Power Sales to other electric utilities Other operating revenues Incidental business operating revenues Electric power financing revenues Non-operating revenues Total ordinary revenues Electric power operating expenses Hydroelectric power generation expenses Thermal power generation expenses Nuclear power generation expenses
Internal combustion engine power generation expenses
Expenses
Renewable energy generation expenses Power purchased from other electric utilities Transmission expenses Transformation expenses Distribution expenses Selling expenses General and administrative expenses Electric power development promotion tax Enterprise tax Other operating expenses Incidental business operating expenses Operating income Electric power financing expenses Non-operating expenses Total ordinary expenses Ordinary income / loss
(Reversal of) provision for reserve for fluctuation in water levels
Extraordinary income Extraordinary loss Income before income taxes Income taxes - current Income taxes - deferred Net income / loss Retained earnings brought forward Prior years' adjustment for deferred taxes
Reversal of reserve related to implementation of deferred tax accounting
Interim cash dividend paid Transfer to earned reserve Unappropriated retained earnings
1994 4,975.4 1,818.6 3,005.6 106.2 44.9 5.7 7.4 4,988.6 4,239.2 100.6 992.3 627.6 18.6 507.8 388.7 239.4 572.8 183.1 429.9 111.0 68.6 -1.8 736.1 521.7 18.7 4,779.7 208.9 -14.0 222.9 142.7 80.2 89.5 33.4 3.3 132.9
95 5,031.8 1,881.1 3,019.4 88.6 42.5 4.8 6.1 5,042.7 4,333.8 96.0 932.3 617.0 16.5 615.9 396.3 239.1 581.9 186.2 473.3 113.5 67.8 -2.6 697.9 531.0 10.3 4,875.1 167.5 -4.0 171.6 123.5 48.1 120.1 33.4 3.3 131.4
96 5,012.6 1,863.0 3,019.7 83.5 46.2 6.1 8.5 5,027.3 4,394.1 96.1 975.4 648.6 15.8 624.4 409.3 236.9 570.9 186.5 450.4 114.8 67.5 -3.0 618.4 475.5 15.0 4,884.7 142.5 -4.3 146.8 69.4 77.3 118.3 33.8 3.3 158.4
97 5,252.2 1,952.7 3,160.8 91.0 47.6 8.9 8.7 5,269.9 4,539.3 96.0 1,026.5 696.4 15.5 626.0 415.0 246.2 578.6 187.1 462.9 118.4 71.3 -1.2 712.8 505.9 7.2 5,052.6 217.3 217.3 86.3 131.0 145.3 33.8 3.3 239.1
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
98 5,060.1 1,920.4 2,999.5 88.1 51.9 9.8 9.6 5,079.6 4,386.3 97.3 846.3 725.3 14.4 600.1 408.2 236.7 568.7 188.6 514.0 119.1 68.5 -1.4 673.8 475.1 10.2 4,871.7 207.9 3.5 197.8 104.4 93.4 145.4 33.8 3.3 201.6
99 5,059.6 1,965.1 2,977.4 70.8 46.2 10.9 16.8 5,087.4 4,290.6 109.2 891.1 623.4 22.9 596.9 429.9 252.7 549.2 192.1 441.5 122.3 60.0 -1.1 769.0 437.6 13.1 4,741.5 345.9 -0.0 200.7 145.2 127.2 -74.6 92.6 146.4 232.5 6.8 33.8 2.4 442.2
2000 5,225.1 2,024.1 3,061.9 93.5 45.4 11.2 12.9 5,249.3 4,510.6 109.6 1,021.7 683.3 7.8 631.0 428.4 241.1 545.6 198.1 458.3 125.2 61.2 -1.2 714.4 379.9 38.6 4,929.2 320.0 1.8 318.2 134.0 -19.2 203.3 146.4 40.5 0.0 309.2
01 5,129.6 1,987.4 3,001.5 95.8 44.8 10.9 15.5 5,156.0 4,491.6 102.4 970.6 794.2 7.1 607.6 419.5 240.8 527.7 197.2 441.8 123.1 60.2 -1.1 637.9 309.2 35.6 4,836.4 319.5 0.7 27.4 291.3 131.9 -26.8 186.2 147.4 40.5 293.1
33 02 4,801.3 1,955.5 2,729.7 71.7 44.3 7.0 18.5 4,826.9 4,282.2 95.0 1,099.1 521.3 5.9 619.8 400.1 211.8 495.5 192.6 459.1 126.1 55.7 -0.4 13.9 512.2 249.9 4,546.1 280.8 -1.7 41.6 240.9 125.5 -37.7 153.0 148.3 40.5 260.8
03 4,722.1 1,909.4 2,688.7 71.9 51.9 12.4 25.9 4,760.4 4,231.5 91.0 1,252.2 464.3 7.7 637.1 384.4 197.8 481.2 191.8 346.8 121.6 54.4 0.8 30.7 472.2 193.6 4,455.9 304.4 7.5 41.9 254.9 88.0 15.1 151.8 149.1 40.5 260.4
04 4,798.6 1,976.8 2,660.4 101.1 60.2 24.6 28.5 4,851.7 4,231.8 96.2 1,141.4 582.8 7.5 600.8 382.5 194.6 500.4 193.5 349.1 124.5 55.7 2.3 55.8 535.4 179.4 4,467.2 384.5 7.7 376.7 133.6 -1.7 244.8 149.7 40.5 353.9
05 4,897.2 2,022.4 2,659.5 143.9 71.2 43.8 37.6 4,978.7 4,325.0 98.0 1,315.3 556.1 9.8 629.3 386.8 184.7 479.8 191.7 293.7 118.9 56.8 3.5 79.3 536.7 177.1 4,581.5 397.2 -3.2 12.4 12.0 400.8 129.9 10.0 260.8 150.4 40.5 370.7
06 4,952.3 1,983.4 2,721.1 168.6 79.0 62.7 42.8 5,057.9 4,426.2 101.6 1,311.5 584.3 7.1 650.6 387.2 180.8 482.8 196.5 342.9 119.0 57.2 4.1 92.8 495.9 166.7 4,685.8 372.0 5.9 60.7 426.8 179.3 -14.6 262.1 -
07 5,169.1 2,096.2 2,818.4 164.3 90.0 55.2 41.4 5,265.8 5,075.0 94.1 2,032.1 536.6 7.0 773.1 378.4 171.9 485.8 196.4 220.8 115.4 58.5 4.2 54.3 95.0 158.4 5,287.8 -22.0 -5.0 18.6 267.1 -265.5 0.2 -88.1 -177.6 -
08 5,554.2 2,207.8 3,088.1 169.7 88.5 89.1 39.9 5,683.3 5,532.6 89.9 2,365.4 469.4 9.8 842.5 358.6 163.2 473.1 187.4 393.7 111.9 63.0 4.2 87.9 22.7 152.9 5,773.5 -90.1 -3.8 70.3 -156.6 0.0 -43.5 -113.1 -
(Billion yen)
09 4,733.2 2,008.6 2,495.9 136.2 92.4 71.1 48.2 4,852.7 4,487.5 86.5 1,462.4 492.3 7.2 0.3 722.4 356.4 159.6 476.5 188.9 369.8 108.8 52.5 3.1 66.9 249.9 139.5 4,694.0 158.6 -8.4 167.0 0.0 64.7 102.3 -
【Reference】
34
Operating Results (Non-consolidated)
(Billion yen)
Ordinary Expenses
Ordinary Revenues
1994
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09
Lighting
1,818.6 1,881.1 1,863.0 1,952.7 1,920.4 1,965.1 2,024.1 1,987.4 1,955.5 1,909.4 1,976.8 2,022.4 1,983.4 2,096.2 2,207.8 2,008.6
Power
3,005.6 3,019.4 3,019.7 3,160.8 2,999.5 2,977.4 3,061.9 3,001.5 2,729.7 2,688.7 2,660.4 2,659.5 2,721.1 2,818.4 3,088.1 2,495.9
(Sub-total)
4,824.2 4,900.6 4,882.8 5,113.6 4,920.0 4,942.5 5,086.1 4,988.9 4,685.2 4,598.1 4,637.2 4,682.0 4,704.6 4,914.7 5,295.9 4,504.5
Other revenues (Total)
164.3
142.1
144.4
156.3
159.6
144.8
163.2
167.1
141.7
162.3
214.5
296.7
353.3
351.0
387.3
348.1
4,988.6 5,042.7 5,027.3 5,269.9 5,079.6 5,087.4 5,249.3 5,156.0 4,826.9 4,760.4 4,851.7 4,978.7 5,057.9 5,265.8 5,683.3 4,852.7
Personnel
448.9
500.3
492.0
498.0
554.2
478.3
525.6
526.8
544.2
445.1
454.4
Fuel
611.6
590.6
655.8
662.3
522.2
557.5
696.6
662.1
782.6
905.8
822.4 1,040.0 1,062.7 1,755.1 2,078.7 1,192.6
Maintenance
669.6
632.6
580.7
617.5
573.5
558.1
548.5
503.9
406.2
411.4
472.7
469.3
459.0
432.1
381.3
373.9
Depreciation
913.5
893.9
995.5 1,022.6
979.4
996.1
946.7
916.9
882.8
845.0
785.9
753.4
704.5
726.2
708.6
709.8
Purchased power
507.8
615.9
624.4
626.0
600.1
596.9
631.0
607.6
619.8
637.1
600.8
629.3
650.6
773.1
842.5
722.4
Interests
518.4
527.5
470.1
498.8
469.8
434.9
377.3
304.6
203.9
167.9
156.3
153.7
148.0
143.0
134.6
129.5
Taxes & Other income taxed
325.3
330.9
338.5
352.4
354.9
351.4
357.9
355.9
348.6
338.9
343.9
336.4
337.0
330.2
327.3
312.8
-
-
-
-
-
-
-
-
-
-
-
-
195.5
164.5
132.9
138.5
784.2
783.0
727.4
774.6
817.2
767.9
845.3
958.3
757.6
704.4
830.4
798.0
669.2
625.4
683.7
632.8
Nuclear power back-end costs Other expenses (Total)
401.0
458.9
337.7
483.4
481.3
4,779.7 4,875.1 4,884.7 5,052.6 4,871.7 4,741.5 4,929.2 4,836.4 4,546.1 4,455.9 4,467.2 4,581.5 4,685.8 5,287.8 5,773.5 4,694.0
Ordinary income / loss
208.9
167.5
142.5
217.3
207.9
345.9
320.0
319.5
280.8
304.4
384.5
397.2
372.0
-22.0
-90.1
158.6
Reserve for fluctuation in water levels
-14.0
-4.0
-4.3
-
3.5
-0.0
1.8
0.7
-1.7
7.5
7.7
-3.2
5.9
-5.0
-3.8
-8.4
Extraordinary income
-
-
-
-
-
-
-
-
-
-
-
12.4
60.7
18.6
-
-
Extraordinary loss
-
-
-
-
6.6
200.7
-
27.4
41.6
41.9
-
12.0
-
267.1
70.3
-
142.7
123.5
69.4
86.3
104.4
127.2
134.0
131.9
125.5
88.0
133.6
129.9
179.3
0.2
0.0
0.0
-
-
-
-
-
-74.6
-19.2
-26.8
-37.7
15.1
-1.7
10.0
-14.6
-88.1
-43.5
64.7
80.2
48.1
77.3
131.0
93.4
92.6
203.3
186.2
153.0
151.8
244.8
260.8
262.1 -177.6 -113.1
102.3
Income taxes - current Income taxes - deferred Net income / loss
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
TEPCO Factbook 2010 Shareholder & Investor Relations Group Corporate Affairs Department
April 2010 The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
(Note) Please note that the following to be an accurate and complete translation of the original Japanese version prepared for the convenience of our English-speaking investors. In case of any discrepancy between the translation and the Japanese original, the latter shall prevail.
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Contents
1
• Power Demand
2
• Power Generation Capacity by Energy Source (TEPCO Only)
19
• Financial Performance Highlights (Consolidated)
3
• Power Generation Capacity by Energy Source (including Purchased Power)
20
• Financial Performance Highlights (Non-consolidated)
4
• Power Generated by Energy Sources (TEPCO Only)
21
• Free Cash Flow (Consolidated)
5
• Power Generated by Energy Sources (including Purchased Power)
22
• Free Cash Flow (Non-consolidated)
6
• PER and EPS
23
• ROA and ROE
7
• PBR and BPS
24
• Equity Ratio
8
• Dividend Payout Ratios and Dividend Yields
25
• Interest Bearing Debt Outstanding and Debt Equity Ratio (Nonconsolidated)
9
• Shareholder Compositions by Type of Investors
26
• Maintenance Expenses (Non-Consolidated)
10
• Historical Share Prices and Trading Volumes (Tokyo Stock Exchange)
27
• Personnel Expenses and Number of Employees (Non-consolidated)
11
• Credit Ratings
28
• Age Distribution of Employees (Non-consolidated, as of March 31, 2010) 12
• Balance Sheets (Consolidated)
29
• Fuel Expenses (Non-consolidated) and Crude Oil Prices (All Japan CIF) 13
• Statements of Income (Consolidated)
30
• Nuclear Power Plant Capacity Utilization Ratio
14
• Statements of Cash Flows (Consolidated)
31
• Thermal Power Efficiency
15
• Balance Sheets (Non-consolidated)
32
• Interest Expenses and Average Interest Rate (Non-consolidated)
16
• Statements of Income (Non-consolidated)
33
• Capital Expenditures and Depreciation Expenses (Consolidated)
17
• 【Reference】Operating Results (Non-consolidated)
34
• Capital Expenditures and Depreciation Expenses (Non-consolidated)
18
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Power Demand (Billion kWh)
Lighting
400 350 300 250
2 Power
Liberalized Segment
Peak Demand (right-hand scale)
64.30 63.20 59.40 57.96 59.20 59.25 59.24 57.60 58.65
57.36
280.7 275.5 281.9 276.0 267.0 274.2 265.4 257.4 248.9 254.4 77.6
75.1
76.0
74.3
61.50 60.12
286.7 288.7 287.6
150
175.4
186.5
186.0
117.1
73.5
76.5
76.5
78.9
81.0
297.4
54.50 289.0
181.8
187.0
181.0
190.2 115.3
116.6
114.8
84.0
86.0
85.1
89.4
86.9
280.2
60 50
172.7 (62%)
30
78.2
100 50
61.47 60.89
40 180.0
180.9
70
115.9
200 177.9
58.06
(Million kW)
92.6
13.5
12.6
12.8
11.9
11.4 (4%)
95.2
93.2
97.6
96.1
96.1 (34%)
20 10 0
0 1994
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09
*The scope of liberalization; Extra-high voltage users (contracts for 2,000kW or higher) since FY2000, high voltage users (contracts for 500kW or higher) since FY2004 and high voltage users (contracts for 50kW or higher) since FY2005. The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
(FY)
Financial Performance Highlights (Consolidated) (Billion yen)
1,000
800
Operating Income 5,278.0
5,002.4 5,053.9
723.5
705.7
600
5,091.6
5,088.4
5,038.7 745.7
Ordinary Income
Net Income
4,919.1
658.9
628.4
350.0 330.9 342.8
0
271.1
86.5
222.3 219.2
207.8 201.7
169.2
146.5 135.3 97.4 51.8 81.6
5,000
566.3 576.2 550.9 489.0
400
212.0
6,000
4,000 521.4
200
(Billion yen)
5,016.2
4,853.8
732.5
688.6
Operating Revenues (right-hand scale) 5,887.5 5,479.3 5,283.0 5,255.4 5,047.2
5,258.0 5,220.5
788.0
3
441.2 408.2 426.9
3,000
310.3 298.1
307.7
284.4
226.1
204.3
165.2 149.5
136.4
87.4
33.1
2,000
133.7 66.9
1,000
-34.6 -84.5 -150.1
-200 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
07
0 08
09
(FY)
Financial Performance Highlights (Non-consolidated) (Billion yen)
1,000
800
4,975.4
Operating Income 5,252.2
5,031.8
5,060.1
5,012.6 736.1
Net Income
5,225.1 5,129.6 5,059.6 4,808.4 769.0
712.8
697.9
600
Ordinary Income
345.9
0
80.2
217.3 207.9
167.5
142.5 131.0 93.4 48.1 77.3
5,224.3 4,941.0 5,015.0
5,000 4,804.4
535.4 536.7 472.2
495.9 3,000
384.5 397.2 372.0 320.0 319.5 203.3 186.2
6,000
4,000
400
208.9
4,823.2
(Billion yen)
637.9
618.4
512.2
200
Operating Revenues (right-hand scale) 5,643.3
4,734.5
714.4
673.8
4
280.8
304.4
244.8 260.8 262.1
249.9
153.0 151.8 95.0
92.6
-22.0
22.7
2,000
158.6 102.3 1,000
-90.1 -113.1
-200 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
-177.6 07 08
0 09
(FY)
Free Cash Flow (Consolidated)
5
(Billion yen)
1,000
800
613.5 600
400
200
946.8
Investment, etc. Dividend Repayment of Interest Bearing Debt
529.8 417.2
101.2
47.6 67.6
87.7
56.2 81.0
80.9
648.5 78.9 80.9
598.0
557.8 109.6
414.3
80.9 701.7 476.2
301.9
164.1
392.4
80.9
80.8
65.3
15.3
80.8
488.6
430.9
367.2
340.8
86.2
100.7
268.0
101.0
0
213.0
419.5
80.9 -107.8
-292.6
-278.7
-200 -90.9
-400 1999
2000
01
02
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
03
04
05
06
07
08
09 (FY)
Free Cash Flow (Non-consolidated)
6
(Billion yen)
1,000
Investment, etc. Dividend Repayment of Interest Bearing Debt
800
604.5 600
400
200
506.2
87.2
410.4
94.0
81.0
46.6 67.6
87.7
134.3 80.9
649.4 113.4
543.5
539.4
80.9
77.7
35.8 80.9
367.0
80.9 676.2
436.1 296.0
891.5
455.0
324.5
355.3 80.8
7.0 80.8 422.6
384.8 279.0
0
78.0
146.1
101.0
80.9
364.4
-89.9 -296.7
-200
-117.7
-400 1999
2000
01
02
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
03
04
05
06
07
-268.9
-41.7 08
09 (FY)
ROA and ROE (%)
7
ROA (Consolidated) ROE (Consolidated)
12 10
ROA (Non-consolidated) ROE (Non-consolidated) 11.1 10.7
9.1
6 4
8.9 5.7 5.6
6.3
5.1 5.5 5.5 5.1 6.2 4.8 4.5 5.1 5.1 4.8 3.5 4.4
10.3
7.5
9.8
9.3 7.2
7.5
5.7
5.4 5.0 5.4 5.1 5.0
5.5
6.5
4.5 3.7
3.5
3.6
3.5
4.5
3.4
2
11.8 10.7
9.6 9.5
8
10.9
4.1
4.2
4.1
4.8
4.0
4.1
3.8
2.1 1.0
0.5 0.2
0.7
0
2.0
-2 -3.4 -4 ROA = Operating income / Average total assets
-6
-5.3
ROE = Net income or loss / Average equity
-5.0
-6.9
-8 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
07
08
09 (FY)
Equity Ratio
8
(%)
24
Consolidated Non-consolidated
22
22.4 20.4 21.5
20
18.2 17.0
18 15.0
16
15.8
12 10
12.7 11.0 10.6
10.5
10.5
10.9
11.0
10.1
10.0
10.4
10.6
13.5
14.1
19.6
18.7 17.5
18.2
17.8
16.4
16.2
14.0 14
19.4
17.1
14.9
12.2
8 6 4 2
Equity Ratio = (Total net assets - Stock acquisition rights – Minority interests) / Total assets
0 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
07
08
09 (FY end)
Interest Bearing Debt Outstanding and Debt Equity Ratio (Non-consolidated) (Billion yen)
Bonds
Long-term Debt
Short-term Debt
CP
9
Debt Equity Ratio (right-hand scale)
12,000
10,000
8,000
6,000
(%)
1,000 10,534.2 10,500.7 10,481.9 10,208.3 190.0 289.0 170.0 10,185.8 9,861.3 9,898.6 130.0 619.0 255.0 701.3
467.3
900
415.0 9,425.1 8,970.0 669.0 557.0 8,585.2 365.0 610.0 751 683.0 355.0 7,908.9 7,629.8 733 7,748.8 716 496.0 7,479.9 703 3,523.7 701 235.0 7,384.4 394.0 135.0 7,183.1 4,332.0 3,941.3 3,631.6 295.0 348.0 65.0 348.0 4,290.1 3,191.7 358.0 260.0 4,301.1 348.0 348.0 2,771.0 2,344.7 2,083.9 1,738.3 582 1,525.7 1,811.4 1,792.2 1,353.1 1,557.0 707.4
707.3
640.0
511
470
436
4,000
800 700 600 500 400
364 314
396
342
259
339
299 5,803.0 6,061.2 5,767.0 5,585.5 5,487.0 5,577.3 5,650.2 5,776.5 5,621.1 5,310.8 5,222.0 5,279.9 5,354.4 5,169.1 4,890.0 5,080.8 2,000
300 200 100 0
0 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
07
08
09 (FY end)
Maintenance Expenses (Non-consolidated)
10
(Billion yen)
800 700
Generation Facilities
Others
669.6 14.0
632.6 11.8
600 500
Supply Facilities
617.5 580.7
13.9
12.4
573.5 13.4
558.1 548.5 12.3
11.1
503.9
472.7 469.3 459.0
9.7
329.2 317.6
309.1 300.3
400
292.8
406.2 411.4 276.0
268.3
10.3
7.7
8.3
8.5
247.8
300
8.8
216.7 216.2
208.9
179.6
194.0
02
03
214.7
227.2
432.1 6.8
381.3 373.9 5.9
5.6
195.8
202.0
179.5
166.3
08
09
218.3
200 326.3
303.1
267.8
294.5
267.2
269.7
269.0
100
246.3
247.1
246.9
223.4
207.0
0 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
04
05
06
07
(FY)
Personnel Expenses and Number of Employees (Non-consolidated) (Billion yen)
900 800
Amortization of Retirement Benefit Obligation Number of Employees (right-hand scale)
43,115 43,448 43,166 42,672 42,170 41,882
Shortage caused by Changes in Accounting Method (Number of Employees)
45,000 41,403 40,725
700 600 500
448.9
500.3 492.0 498.0
554.2 478.3
11
39,619
38,950 38,510 38,235 38,108 38,234 38,030 38,227
40,000
483.4 481.3
35,000
525.6 526.8 544.2 445.1 454.4
400
401.0
458.9 337.7
300
30,000
200 100
25,000 54.9 10.4
0
63.1
71.7 -21.7
-11.1
02
03
04
02 ( 25.7) 8.5 52.7 10.4 71.7 71.7
03 ( -47.0) -15.6 8.5 52.7 45.6 -67.3 -21.7
-100 1994
95
96
97
98
99
2000
01
51.6 -59.0
05
-0.1
06
44.4
-105.1
07
20,000 08
09
(FY, FY end)
Amortization of Retirement Benefit Obligation ○Actuarial loss (Amount accrued in each Fiscal Year) Amortization of actuarial loss (accrued in the FY) Amortization of actuarial loss (accrued in the previous FY) Amortization of actuarial loss (accrued in the year before last)
Total ○Past Service Liability (PSL) Total
(Billion yen)
2000 ( 31.2) 10.4 10.4 10.4
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01 ( 158.3) 52.7 10.4 63.1 63.1
04 05 ( -12.2) ( -117.9) -4.0 -39.3 -15.6 -4.0 8.5 -15.6 -11.1 -59.0 -11.1 -59.0
06 ( -15.4) -5.1 -39.3 -4.0 -48.5 48.4 -0.1
07 ( 100.1) 33.3 -5.8 -39.3 -11.7 -93.3 -105.1
08 ( 68.1) 22.7 33.3 -4.4 51.6 51.6
09 ( -35.0) -11.6 22.7 33.3 44.4 44.4
Age Distribution of Employees (Non-consolidated, as of March 31, 2010)
12
(Number of Employees)
8,000
20.0%
17.7%
7,000
18.0%
17.1% 15.2%
6,000
15.4%
16.0%
13.5%
14.0%
5,000
12.0%
4,000 3,000
10.0%
6.8%
7.1%
7.2%
8.0% 6.0%
2,000 4.0%
1,000
2.0%
0
0.0%
～24
～29
～34
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
～39
～44
～49
～54
55～
(Age)
Fuel Expenses (Non-consolidated) and Crude Oil Prices (All Japan CIF)
13
(Billion yen)
(＄/ b)
Fuel Expenses
2,500
Crude Oil Prices (All Japan CIF, right-hand scale)
100 90.52 78.73
2,000
90
2,078.7 80
1,755.1
70
63.50 1,500
69.39 60
55.81
1,000 611.6 590.6 500 17.32 18.27
655.8 662.3 21.63
696.6 662.1 522.2 557.5 28.37 20.92
18.82
23.84
38.77 1,040.0 905.8 822.4 782.6
1,192.6 50
1,062.7
40 30
27.42
29.43 20 10
12.76 0
0 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
07
08
09 (FY)
Nuclear Power Plant Capacity Utilization Ratio
14
(%) 100 90 80 70
83.2
84.1
80.2
80.8
76.6
76.6
81.3 79.5
84.2 83.1
84.4
81.7
80.5 73.4
80.1 79.4 80.1
68.9 59.7
60
60.7
74.2
71.9
65.7
69.9
66.4 61.7
60.7
60.0
53.3
50 44.9
40
43.8
30 26.3
20 10
TEPCO
Nationwide
Nuclear power plant capacity utilization ratio
Note:
=
Electricity generation Authorized capacity
×
×
Number of calendar hours
100(%)
0 1994
95 1994
Fukushima Daiichi
75.0 Fukushima Daini 73.7 Kashiwazaki-kariwa 80.4
96
97
98
99
2000
01
02
03
04
05
06
07
08
09 (FY)
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09
77.9 87.0 84.6
79.4 82.6 88.8
66.9 81.8 85.7
73.7 86.4 86.8
77.1 87.9 86.6
72.3 81.5 82.4
81.5 71.2 84.1
65.0 50.5 63.6
25.9 16.1 31.9
44.0 53.3 76.3
63.6 59.8 71.6
68.8 76.0 76.3
71.6 70.2 16.1
82.3 84.3 0.0
80.1 85.1 21.0
Note:Nuclear Power Plant Capacity Utilization Ratio of each NPS is approximate estimate.
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Thermal Power Efficiency
15
(%)
50.0 49.0 48.0 46.9
47.0 45.7
46.0
45.7
45.6
45.6
45.0 45.0
44.5
44.0 43.0
43.4
43.7
42.3 Note: Thermal power efficiency =
Electricity generated × 860 kCal/kWh Total fuel input
41.0 40.0
45.6
45.4
42.8
42.4
42.0
46.1
46.1
× 100(%)
*The thermal power efficiency is Lower Heating Value(LHV) equivalents.
1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
07
08
09 (FY)
Interest Expenses and Average Interest Rate (Non-consolidated) (Billion yen)
600
Debt Assumption
500
470.1 14.3
498.8 31.2 33.8
469.8
400 300
4.87
200
(%)
16.6 62.7
9 8
434.9 10.6 83.3
5.38
Average Interest Rate (excluding effect of DA, right-hand scale)
10
518.4 527.5 51.2
Prepayment
16
7
377.3 10.0 68.7
12.7 46.5
4.43
4.07
3.71
6
304.6
5 203.9 7.1
3.23
2.94
100
2.50
2.13
4
167.9 156.3 153.7 148.0 143.0 134.6 0.3 129.5 3.2 1.88
1.89
1.92
4.2
5.2
1.92
1.87
1.75
3
0.4
2
1.72
1
0
0 1994
95
96
97
98
99
2000
01
Debt Assumption(DA), Prepayment and Bond redemption before maturity exercised FY1995 96 97 98 99 DA Prepayment Bond redemptions before maturity
(Amount of principal applied) Interest expenses recorded (Amount of principal prepaid) Interest expenses recorded (Amount of principal redeemed) Loss on redemption recorded
02
03
04
05
06
07
08
09 (FY) (Billion yen)
2000
01
02
03
04
05
06
07
08
09
( 180.0) ( 50.0) ( 120.0) ( 260.0) ( 370.0) ( 420.0) ( 220.0) 51.2 14.3 33.8 62.7 83.3 68.7 46.5 - ( 348.9) ( 164.3) ( 43.9) ( 51.0) ( 133.2) ( 52.9) ( 10.7) ( 11.3) ( 22.0) ( 31.5) ( 40.6) - ( 69.3) 31.2 16.6 10.6 10.0 12.7 7.1 0.3 0.0 3.2 4.2 5.2 0.4 ( 26.4) ( 9.6) - ( 81.5) ( 72.0) ( 69.5) ( 27.0) ( 23.7) ( 5.4) ( 6.0) - ( 10.0) ( 7.5) 2.0 0.6 19.2 11.5 15.1 4.6 3.7 0.8 1.4 0.8 -0.03
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Capital Expenditures and Depreciation Expenses (Consolidated)
17
(Billion yen)
Capital Expenditure
1,200 1,023.2 1,012.7 1,000
964.6 921.1
995.8 953.4
Depreciation Expenses
922.3
889.9
847.5
824.0 751.6
800 706.6
663.9
623.7 561.2
600
772.4
757.0
664.2
695.9
07
08
759.3 640.8
574.6
400
200
0 1999
2000
01
02
03
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
04
05
06
09 (FY)
Capital Expenditures and Depreciation Expenses (Non-consolidated) (Billion yen)
Generation Facilities
1,800 1,600
1,000 800 600
Nuclear Fuel and Others
Depreciation Expenses
1,567.2 1,399.2
1,400 1,200
Supply Facilities
18
1,436.5 1,279.8
1,131.6 995.5 1,022.6 979.4 1,006.4 913.5 893.9 946.7 932.2 882.8 845.0 996.1 905.9 785.9 753.4 916.9 704.5 726.2 708.6 709.8 645.2 576.1 568.8 590.2 592.1 496.3 505.0 464.2
400 200 0 1994
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09 (FY) (Billion yen)
Fiscal Year Hydroelectric Thermal Nuclear Generation Facilities Transmission Transformation Distribution Supply Facilities
1994 95 96 97 98 99 2000 102.2 88.4 82.1 100.5 92.3 76.9 53.5 282.2 267.4 326.8 207.1 202.4 214.7 201.4 258.1 191.1 179.3 95.9 56.8 55.1 73.7 642.6 547.0 588.2 403.6 351.6 346.8 328.6 372.3 303.2 308.7 293.5 236.8 145.2 116.8 146.2 146.7 145.2 134.4 138.6 128.2 98.5 255.2 256.0 252.3 244.5 216.7 210.2 199.0 773.8 706.0 706.2 672.4 592.1 483.8 414.3 Nuclear Fuel and Others 150.7 146.0 141.9 203.8 187.7 175.7 163.0 Total 1,567.2 1,399.2 1,436.5 1,279.8 1,131.6 1,006.4 905.9 Depreciation Expenses 913.5 893.9 995.5 1,022.6 979.4 996.1 946.7
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01 49.4 287.2 57.9 394.7 84.7 51.4 178.1 314.2 223.2 932.2 916.9
02 32.0 157.7 42.5 232.3 69.5 29.1 136.1 234.8 177.9 645.2 882.8
03 29.3 104.5 56.1 190.1 79.5 50.3 126.4 256.2 129.6 576.1 845.0
04 19.5 74.1 38.3 132.0 58.3 36.2 129.4 224.1 108.0 464.2 785.9
05 25.7 53.1 39.4 118.2 71.3 52.3 141.3 265.0 121.6 505.0 753.4
06 12.5 72.7 43.4 128.7 95.8 55.6 137.3 288.9 78.7 496.3 704.5
07 9.4 58.0 64.1 131.6 155.7 41.6 129.2 326.5 110.6 568.8 726.2
08 11.8 68.5 125.8 206.2 130.4 35.1 119.8 285.4 98.4 590.2 708.6
09 11.0 46.1 149.2 206.4 143.3 45.3 109.6 298.4 87.1 592.1 709.8
Power Generation Capacity by Energy Source (TEPCO Only) (Million kW)
80
Hydro
Oil
Coal
LNG, LPG
Other Gases
70 60 51.32 51.21
53.98
50 14.60
14.60
40 0.35
0.35
30 19.26
19.26
15.95 0.00
21.19
58.84 56.76 56.87 57.85
17.31
17.31
17.31
17.31
60.38 60.38
17.31
17.31
62.66 62.82
17.31
17.31
4,949
61.84 61.83 62.47
17.31
17.31
63.98 64.49
17.31
17.31 27%
23.75
25.25
25.76 40%
1.60
1.60
1.60
10.83
10.83
10.83 17%
17.31
0.00
22.59
23.11
23.67
24.27
25.79
25.79
20 10
Nuclear
19
27.07
26.90
25.70
25.70
2%
1.00
1.60
1.60
1.60
8.76
8.76
8.50
8.23
8.23
8.52
8.52
8.52
8.52
8.99
8.99
8.99
8.99
8.99 14%
01
02
03
04
05
06
07
08
09 (FY)
0.53
0.53
0.53
9.24
8.83
8.66
9.20
8.76
8.76
8.76
8.76
7.34
7.63
7.64
7.66
7.70
8.10
8.51
1994
95
96
97
98
99
2000
0 The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Power Generation Capacity by Energy Source (including Purchased Power) (Million kW)
Hydro
Oil
Coal
LNG, LPG
Other Gases
80 71.50 72.37 70.36 67.87 67.95 69.28
70 60
65.23
17.00
50
15.64
1.88
18.19
18.19
18.19
2.26
1.53
1.53
1.53
19.29
21.62
23.02
23.54
18.19
1.53
24.17
1.53
24.62
1.53
26.11
18.19
18.19 1.64
15.64
40 19.26
18.19
1.79
1.53
26.46
5,816
76.76 77.69 75.29 75.61 74.59 74.93 75.63
18.19
60.49 61.95
Nuclear
27.74
27.57
18.19
1.79
18.19
1.79
26.37
26.57
30 20
2.15
2.65
2.65
2.12
2.12
20
2.12
2.12
1.73
2.23
3.23
3.83
3.80
3.80
10.01
10.04
10.34
10.08
9.82
9.96
18.19
18.19 23%
1.61
1.61
1.61
24.62
25.97
26.46 34%
4.27
4.27
12.34
12.07
12.01 15%
14.64 19%
18.19
9.33
9.59
9.42
9.96
9.47
9.77
9.99
12.23
12.53
13.01
13.06
13.10
13.51
13.92
13.93
13.93
14.15
14.15
14.63
14.63
14.60
14.64
1994
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
10
4.77
2%
6%
0 The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
09
(FY)
Power Generated by Energy Sources (TEPCO Only) (Billion kWh)
350
Hydro
Thermal
Nuclear
合計
300
250
200
256.9 255.0 248.8 249.2 251.9
264.3 265.6
21
261.8
257.0 253.7
269.7 271.0 273.5
233.7
97.2
106.9
116.6
119.4
126.1
128.3
120.4
121.5
92.0
39.9
259.7
252.2
68.3 93.5
100.7
66.3 112.5
80.9
32%
150 193.1
181.2
100 139.6
129.6
122.6
123.8
115.1
123.0
131.5
155.5
149.2
157.3
121.8
145.6
(71%) 182.7
161.2
64%
(54%)
50 (5%)
0
(4%)
12.0
12.7
12.7
13.7
13.8
13.0
13.7
13.7
12.5
12.6
12.8
11.7
12.9
12.1
10.7
10.1
4%
1994
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09
(FY)
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Power Generated by Energy Sources (including Purchased Power) (Billion kWh)
350
300
277.6 0.0
Hydro
Oil
Coal
LNG, LPG
294.1 291.7 294.8 284.3 288.4 0.7 0.9 0.5
0.8
0.6
Other Gases
303.3 0.9
291.5 294.8 1.1
105.1
113.5
123.9
126.2
133.6
128.5
127.6
3.8
150 87.8
88.1
3.3
3.1
55.2
2.7
92.3
96.0
95.3
102.1
108.7
0.9
1.0
46.5
11.7
11.9
36.4
34.6
11.1
11.2
26.6
28.7
30.9
9.9
324.4 1.2
100.8
105.1
118.2
3.7
4.1
4.2
140.6 119.4
300.7 1.4
0%
83.7
28%
3.4
1%
72.1
4.3
3.7
134.4
2.5
312.8 1.4
75.3
139.9 134.8 45%
115.7 120.5
107.2 29.9
19.9 11.9
合計
4.7
126.7
118.5
100 8.1
3.0
2.9
1.1
1.2
3.5 3.3
0
282.3
97.2
200
New Energy
314.5 307.7 311.7
46.3
250
50
1.2
Nuclear
22
14.6 11.2 21.8
41.0
56.6
25.9
26.0
37.1
42.0
29.2
24.5
18.1
20.0
20.2
21.6
22.5
20.6
21.3
21.0
18.8
19.2
19.7
17.9
1994
95
96
97
98
99
2000
01
02
03
04
05
26.9
54.7
19.7
18.5
06
07
34.1
11%
27.7
9%
15.6
6%
49.3 16.6
08
09 (FY)
Note:Due to a previous error of “2007 purchased power” figure,the FY2007 portion of this graph has been revised
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
PER and EPS
23
PER (Consolidated) EPS (Consolidated)
160
(EPS, yen)
PER (Non-consolidated) EPS (Non-consolidated)
300 229.76
140
220.96
181.13
200
194.10
153.66 149.11 192.99 120 122.08 167.29 112.25 100.03 150.34 (PER, times) 137.68 72.01 68.47 64.58 113.09 110.53 60.32 100 96.84 38.53 69.04 64.63 57.20 59.87 35.77 80 76.60 71.11
99.18 100 75.78 0 -62.65
60 45.43 40 20 0
39.34 37.30 26.02
42.12
36.94 34.81
32.88
-131.54
35.41 32.86 20.76 18.56 18.01 20.03 21.31 15.54 15.21 25.19 18.16 20.98 18.24 *PER is calculated from the closing price at the end of each fiscal 16.63 18.55 14.35 12.77 year and cannot be calculated for FY2007 and FY2008 due to net loss. 1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
03
04
05
06
-100
-83.79
-111.26
-200 25.13 -300 07
08
09
(FY, FY end)
PBR and BPS
24 (BPS, yen)
8
PBR (Consolidated) BPS (Consolidated)
7 6 (PBR, times)
5 4
1,117.33 1,154.67 1,094.81 1,104.89 1,054.27 1,029.78
2,500
PBR (Non-consolidated) BPS (Non-consolidated)
2,248.34 2,059.52
1,967.03 1,853.52 1,828.08 2,000 1,763.32 2,053.52 1,748.06 1,662.38 1,891.48 1,612.97 1,764.50 1,728.13 1,506.62 1,605.48 1,578.41 1,600.43 1,500 1,367.25 1,522.47 1,482.33 1,176.44 1,425.47
1,292.81 1,083.60 1,102.53 1,036.87
1,000
500 3
2.58
2.66 2.17
2
2.43
2.33
2.31
2.50 2.04
2.18
2.17
1.65
1 0
1.74
1.96 1.85
1.67 1.54
1.96 1.49
1.47
1.50
1.55
0 1.51
1.56
1.35
1.40 1.36
1.56
1.79 1.36
1.35
1.40
1.43
*PBR is calculated from the closing price at the end of each fiscal year.
1994
95
96
97
98
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
-500
-1,000 02
03
04
05
06
07
08
09
(FY, FY end)
Dividend Payout Ratios and Dividend Yields
25 (%)
(%)
Dividend Payout Ratio (Consolidated) Dividend Payout Ratio (Non-consolidated) Dividend Yield (right-hand scale)
160 140
139.9
4.0 3.5
129.8
120
3.0 2.67 2.42
100 80 60
2.65
87.4
83.5 77.4 1.84
2.22
92.8 87.6
1.98 1.96
82.9
72.4
1.82
2.44
2.31
2.15
2.44
2.04
2.41
2.5
79.2
2.0
69.4 53.1
51.6
39.9 43.6
50.0
40
2.55
39.0
1.74
54.3
60.5 49.1
53.5
35.9
40.2
31.1
33.1
20
26.1
36.1
1.5 1.0
31.7
0.5
*Dividend Yield is calculated based on the closing price at the end of each fiscal year. Dividend Payour Ratios for FY2007 and FY2008 are not available due to net loss recorded in each fiscal year.
0
0.0 1994
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09 (FY, FY end)
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Shareholder Compositions by Type of Investors 100%
3.25 17.02
80% 7.31
60%
18.63
9.74
40%
20%
0%
4.06
35.13
3.26 16.54
7.46
16.72
9.74
3.26 16.20
7.62
15.97
9.71
3.23 15.90
9.49
13.89
8.94
15.45
11.16
12.69
8.29
6.07
6.55
8.48
10.60
35.60
36.60
36.41
35.59
Treasury Stock Foreign Companies, etc. Securities Firms Nonlife Insurance Companies Trust Bankings Central and Local Governments
1994
3.23
95
96
97
3.23
3.23
3.23
3.23
3.23
3.23
3.23
3.23
3.21
3.21
3.21
10.60
9.95
9.06
7.51
6.91
6.93
6.45
14.79
12.39
6.37
12.99
16.37
17.12
14.65
15.86
15.78
19.66
17.84
10.69
10.34
10.10
6.39
5.90
5.43
10.89
14.11
15.86
20.33
39.11
37.96
36.81
0.11
0.14
0.16
03
04
05
10.49
12.04
8.07 11.93
36.70
13.79
13.10
7.28
16.98
11.00
6.80
13.02
12.36
34.58
34.83
17.80
11.05
6.91 10.56
37.30
Individuals Other Domestic Companies Other Financial Institutions Life Insurance Companies Banks
98
26
99
2000
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
01
02
11.26
6.52
9.93 10.00 5.58
19.14
4.70
17.28
9.84 4.73
17.37
36.78
36.17
37.87
0.18
0.19
0.20
0.21
06
07
08
09 (FY end)
33.27
Historical Share Prices and Trading Volumes (Tokyo Stock Exchange) (Yen)
27
(Million shares)
5,000
250
Trading Volume(right-hand scale) 4,500
225
Monthly Closing Price (9501=Tokyo Electric Power)
4,000
200
3,500
175
3,000
150
2,500
125
2,000
100
1,500
75
1,000
50
500
25
0 1994.4 95.4
0 96.4
97.4
98.4
99.4 2000.4 01.4
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
02.4
03.4
04.4
05.4
06.4
07.4
08.4
09.4
Credit Ratings
28
Moody’s Aaa Aaa
S&P AAA AAA
R&I
JCR
AAA AAA
JGB, JGB, Toyota, Toyota, Takeda Takeda Pharma, Pharma, Denso Denso
AAA AAA
JGB, JGB, TEPCO TEPCO and and Other Other 88 EPCOs, J-Power, Tokyo EPCOs, J-Power, Tokyo Gas, Gas, JR JR East, East, JR JR Central, Central, NTT DoCoMo NTT DoCoMo
AA+ AA+
TEPCO TEPCO and and Other Other 99 EPCOs, EPCOs, J-Power, J-Power, Tokyo Tokyo Gas, Gas, Osaka Osaka Gas, Gas, JR JR East, East, Canon, Canon, NTT NTT DoCoMo DoCoMo
AA+ AA+
Osaka Osaka Gas, Gas, Toho Toho Gas, Gas, JR JR West, Seven & i Holdings West, Seven & i Holdings
AA AA
Toho Toho Gas, Gas, JR JR West, West, JR Central, JT, JR Central, JT, Seven Seven && ii Holdings Holdings
AA AA
Japan Japan Atomic Atomic Power Power
Hitachi Hitachi
Aa1 Aa1
Tokyo Tokyo Gas, Gas, Takeda Takeda Pharma, Pharma, NTT, NTT DoCoMo, NTT, NTT DoCoMo, JR JR East, Canon East, Canon
Aa2 Aa2
JGB, JGB, Toyota, Toyota, TEPCO TEPCO and and Other Other 77 EPCOs, EPCOs, J-Power, J-Power, JR JR Central, Central, Osaka Osaka Gas, Gas, Denso Denso
AA AA
JGB, JGB, Toyota, Toyota, TEPCO TEPCO and and Other Other 44 EPCOs, EPCOs, J-Power, J-Power, Tokyo Tokyo Gas, Gas, Osaka Osaka Gas, Gas, Denso, Canon, NTT, Denso, Canon, NTT, NTT NTT DoCoMo, DoCoMo, Takeda Takeda Pharma Pharma
Aa3 Aa3
JT, JT, Seven Seven && ii Holdings Holdings
AAAA-
JR JR East, East, Seven Seven && ii Holdings Holdings
AAAA-
Japan Japan Atomic Atomic Power, Power, Sony Sony
AAAA-
A1 A1
A+ A+
JT JT
A+ A+
Hitachi Hitachi
A+ A+
A2 A2
AA
A3 A3
Sony, Sony, Hitachi Hitachi
AA+ AA+
AA-
Sony Sony
*Senior Long-term Credit Ratings as of April 22, 2010 The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
AA
AA
AA-
AA-
Liabilities and Net Assets
Assets
Balance Sheets (Consolidated) 1994 Fixed assets 13,007.4 Electric utility fixed assets 9,580.6 Hydroelectric power generation facilities 605.6 1,137.8 Thermal power generation facilities 1,455.9 Nuclear power generation facilities 2,752.6 Transmission facilities 1,175.9 Transformation facilities 2,159.2 Distribution facilities 293.3 General facilities and other Construction in progress 2,064.0 Nuclear fuel 586.5 Other fixed assets 776.2 Current assets 636.4 Total 13,643.9 Long-term liabilities 9,730.0 Bonds 4,482.8 Convertible bonds 178.4 Long-term loans 3,965.0 Other long-term liabilities 1,103.7 Current liabilities 2,401.8 Reserve for fluctuation in water levels 8.3 Minority interests 6.9 Total liabilities 12,147.2 Minority interests Common stock 670.4 Capital surplus 25.0 Retained earnings 801.1 Land revaluation (loss) gain Unrealized holding gain on securities Translation adjustments Treasury stock, at cost -0.0 Total shareholder's equity 1,496.6 Shareholder's equity Common stock Capital surplus Retained earnings Treasury stock, at cost Foreign currency translation adjustments Equity Warrant Minority interests Total net assets Total 13,643.9
95 13,497.3 9,631.6 596.1 1,115.9 1,302.9 2,879.8 1,202.5 2,237.9 296.1 2,414.6 574.1 876.9 571.6 14,068.9 9,750.8 4,454.3 178.4 3,955.8 1,162.2 2,825.6 4.3 6.9 12,587.8 676.4 19.0 785.6 -0.0 1,481.1 14,068.9
96 13,737.4 10,318.3 575.3 1,362.5 1,513.1 3,030.2 1,217.3 2,310.4 309.2 1,924.6 550.4 944.0 495.9 14,233.3 10,230.6 4,888.8 178.4 3,997.4 1,165.9 2,502.0 0.0 5.9 12,738.5 676.4 19.0 799.2 -0.0 1,494.7 14,233.3
97 13,824.7 10,549.2 573.7 1,350.5 1,693.5 3,030.3 1,214.5 2,379.8 306.5 1,690.0 578.0 1,007.4 522.1 14,346.9 10,364.5 5,341.8 178.4 3,674.5 1,169.7 2,414.7 0.0 5.5 12,784.7 676.4 19.0 866.6 -0.0 1,562.1 14,346.9
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
98 13,887.4 10,347.4 565.2 1,361.6 1,533.0 2,996.2 1,181.3 2,416.7 293.1 1,811.0 613.3 1,115.5 519.9 14,407.4 10,229.0 5,361.8 178.4 3,382.2 1,306.4 2,578.3 3.5 12,810.8 4.9 676.4 19.0 896.1 -0.0 1,591.5 14,407.4
29 99 13,992.7 10,690.2 822.2 1,368.1 1,382.6 3,292.7 1,215.7 2,340.1 268.5 1,164.7 682.0 1,455.7 566.5 14,559.3 10,088.2 5,208.2 178.4 3,153.1 1,548.3 2,613.0 3.4 12,704.7 4.9 676.4 19.0 1,154.2 -0.0 1,849.6 14,559.3
2000 13,958.8 10,503.4 796.2 1,296.4 1,257.2 3,246.4 1,285.6 2,369.5 251.8 1,135.4 712.5 1,607.2 603.4 14,562.2 9,495.7 4,838.4 178.4 2,745.8 1,733.0 3,018.2 5.2 12,519.2 4.7 676.4 19.0 1,273.8 68.9 -0.0 2,038.2 14,562.2
01 13,879.4 10,242.9 756.9 1,370.9 1,143.6 3,103.5 1,250.6 2,364.2 252.9 1,130.2 765.1 1,741.1 699.1 14,578.5 9,277.9 4,668.8 178.4 2,422.2 2,008.4 3,099.3 6.0 12,383.3 13.2 676.4 19.0 1,443.6 39.6 3.4 -0.2 2,181.9 14,578.5
02 13,556.1 9,742.6 719.2 1,287.9 1,022.7 2,966.0 1,168.7 2,338.8 239.0 1,228.2 854.1 1,731.0 621.1 14,177.2 9,368.1 5,145.9 2,072.5 2,149.6 2,545.7 4.2 11,918.1 13.2 676.4 19.0 1,527.4 0.9 20.6 3.7 -2.4 2,245.8 14,177.2
03 13,269.7 9,636.6 683.4 1,541.8 929.4 2,817.7 1,116.5 2,306.4 241.3 848.0 909.3 1,875.7 630.8 13,900.9 9,497.5 5,555.1 1,836.3 2,106.0 2,003.8 11.9 11,513.3 27.1 676.4 19.0 1,595.9 0.6 71.8 0.4 -3.9 2,360.4 13,900.9
04 13,025.9 9,229.5 649.5 1,469.8 855.0 2,698.7 1,045.4 2,294.7 216.1 776.9 925.1 2,094.2 722.5 13,748.8 9,361.1 5,400.3 1,749.2 2,211.5 1,833.4 19.7 11,214.3 32.2 676.4 19.0 1,740.9 0.5 69.9 0.2 -4.9 2,502.1 13,748.8
05 12,848.5 9,079.6 885.4 1,324.6 792.0 2,583.1 1,004.8 2,277.3 212.0 519.9 917.1 2,331.9 745.2 13,594.1 8,432.3 4,905.2 1,372.7 2,154.4 2,329.8 16.4 10,778.6 35.6 676.4 19.0 1,969.9 -3.6 117.7 5.8 -5.7 2,779.7 13,594.1
06 12,670.6 8,699.6 842.2 1,199.8 736.6 2,479.4 978.7 2,262.6 199.9 556.6 893.7 2,520.6 850.7 13,521.3 8,073.7 4,535.0 1,335.6 2,203.0 2,351.4 22.4 10,447.6 2,875.5 676.4 19.0 2,186.8 -6.7 157.9 0.0 40.2 3,073.7 13,521.3
07 12,697.5 8,351.3 800.5 1,113.9 676.7 2,370.9 941.0 2,243.3 204.8 659.6 921.8 2,764.6 981.5 13,679.0 8,602.6 4,697.4 1,458.8 2,446.3 2,363.5 17.4 10,983.6 2,626.1 676.4 19.1 1,937.8 -7.1 27.5 41.6 2,695.4 13,679.0
(Billion yen)
08 12,351.2 8,099.0 761.5 1,124.8 641.1 2,271.2 893.3 2,218.7 188.2 648.5 915.9 2,687.6 1,208.0 13,559.3 9,067.7 4,937.0 1,687.5 2,443.1 2,058.5 13.5 11,139.8 2,460.1 676.4 19.1 1,772.3 -7.7 -81.5 40.8 2,419.4 13,559.3
09 12,221.4 7,814.2 725.5 1,030.8 667.8 2,168.0 860.3 2,185.0 176.5 686.7 902.9 2,817.4 982.5 13,203.9 8,769.3 4,739.6 1,614.3 2,415.3 1,913.0 5.1 10,687.5 2,519.0 676.4 19.1 1,831.4 -8.0 -53.2 0 50.7 2,516.4 13,203.9
Statements of Income (Consolidated)
30 (Billion yen)
1994
Operating revenues Revenues
Electric power operating revenues Other operating revenues Non-operating revenues Equity in earnings Other Total ordinary revenues Operating expenses
Expenses
Electric power operating expenses Other operating expenses Operating income Non-operating expenses Equity in loss Other Total ordinary expenses
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09
5,002.4 5,053.9 5,038.7 5,278.0 5,088.4 5,091.6 5,258.0 5,220.5 4,919.1 4,853.8 5,047.2 5,255.4 5,283.0 5,479.3 5,887.5 5,016.2 4,964.4 5,021.8 5,003.8 5,244.0 5,052.5 5,053.5 5,220.3 5,129.6 4,801.3 4,722.1 4,797.6 4,895.5 4,952.3 5,168.5 5,553.7 4,732.7 38.0
32.0
34.9
33.9
35.8
38.0
37.7
90.9
117.7
131.7
249.5
359.9
330.7
310.8
333.8
283.4
9.6
7.0
10.5
13.3
18.8
21.6
17.8
30.8
20.8
24.2
38.8
52.5
67.0
69.7
63.5
73.1
-
-
-
-
3.3
-
-
-
-
-
1.1
5.3
13.6
9.1
13.8
12.6
9.6
7.0
10.5
13.3
15.5
21.6
17.8
30.8
20.8
24.2
37.7
47.2
53.3
60.5
49.6
60.5
5,012.1 5,060.9 5,049.3 5,291.3 5,107.2 5,113.3 5,275.8 5,251.4 4,939.9 4,878.0 5,086.0 5,308.0 5,350.0 5,549.1 5,951.0 5,089.4 4,256.6 4,348.2 4,410.3 4,554.4 4,399.7 4,303.5 4,525.4 4,561.6 4,397.7 4,364.8 4,480.9 4,679.2 4,732.1 5,342.9 5,820.6 4,731.8 4,218.7 4,315.9 4,375.8 4,517.5 4,362.8 4,263.1 4,488.5 4,468.8 4,264.0 4,211.9 4,207.7 4,296.9 4,398.1 5,055.8 5,513.6 4,472.0 37.9
32.2
34.4
36.9
36.9
40.3
36.9
92.8
133.6
152.8
273.1
382.3
333.9
287.0
307.0
259.8
745.7
705.7
628.4
723.5
688.6
788.0
732.5
658.9
521.4
489.0
566.3
576.2
550.9
136.4
66.9
284.4
543.3
543.5
492.4
514.5
488.1
459.6
419.4
346.9
271.1
205.5
196.9
201.8
176.6
173.0
165.1
153.2
-
-
-
-
-
9.5
1.0
5.3
13.3
16.5
-
-
-
-
-
-
543.3
543.5
492.4
514.5
488.1
450.1
418.3
341.5
257.7
188.9
196.9
201.8
176.6
173.0
165.1
153.2
4,800.0 4,891.7 4,902.7 5,069.0 4,887.9 4,763.2 4,944.9 4,908.5 4,668.8 4,570.3 4,677.8 4,881.0 4,908.7 5,516.0 5,985.7 4,885.1
Ordinary income
212.0
169.2
146.5
222.3
219.2
350.0
330.9
342.8
271.1
307.7
408.2
426.9
441.2
33.1
-34.6
204.3
(Reversal of) provision for reserve for fluctuation in water levels
-14.0
-4.0
-4.3
-0.0
3.5
-0.0
1.8
0.7
-1.7
7.6
7.7
-3.2
5.9
-5.0
-3.8
-8.4
Extraordinary gain
-
-
-
-
-
-
-
-
-
-
-
51.1
60.7
18.6
-
10.7
Extraordinary loss
-
-
-
-
6.6
203.9
-
29.7
7.6
44.8
27.6
7.5
-
269.2
68.8
-
Income / loss before income taxes
226.1
173.3
150.9
222.3
209.1
146.2
329.1
312.4
265.1
255.3
372.8
473.8
496.0
-212.4
-99.5
223.4
Income taxes - current
146.4
126.3
73.6
91.6
112.5
135.0
143.1
143.3
134.1
98.3
146.2
146.3
202.8
17.5
18.5
20.1
Income taxes - deferred
-0.6
-0.8
-0.3
-0.5
-0.2
-76.1
-21.7
-27.4
-33.4
8.6
-0.6
13.3
-8.9
-82.6
-37.2
66.5
Minority interests
0.0
0.0
-0.0
-0.3
-0.5
-0.0
-0.1
-5.1
-0.8
-1.2
1.0
3.7
4.0
2.7
3.5
2.9
Equity in earnings
6.1
4.0
3.9
3.6
-
-
-
-
-
-
-
-
-
-
-
-
Net income / loss
86.5
51.8
81.6
135.3
97.4
87.4
207.8
201.7
165.2
149.5
226.1
310.3
298.1
-150.1
-84.5
133.7
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
Statements of Cash Flows (Consolidated) Cash flow from operating activities: Income / loss before income taxes and minority interests Depreciation and amortization Loss due to impairment Loss on nuclear fuel Loss on disposal of property, plant and equipment Reversal of accrued employees’retirement benefits Provision for accrued employees' retirement benefits Provision for reprocessing of irradiated nuclear fuel Reserve for reprocessing of irradiated nuclear fuel Reserve for future reprocessing of irradiated nuclear fuel Provision for decommissioning costs of nuclear power units Provision for casualty loss Interest and dividend income Interest expense Stock exchange gain on merger of certain subsidiaries with an exclusion from Gain on business transfer Equity in earnings Increase in trust funds for reprocessing of irradiated nuclear fuel Increase (decrease) in long-term prepaid expenses Increase (decrease) in notes and accounts receivable Increase (decrease) in inventories Increase (decrease) in notes and accounts payable Other Subtotal Interest and cash dividends received Interest paid Income taxes paid Cash flows from investing activities: Purchases of property, plant and equipment Contributions in aid of construction Increase in investments Proceeds from investments Payments for purchases of subsidiaries, net cash acquired Proceeds from purchases of subsidiaries, net cash paid Decrease due to merger of certain subsidiaries with an exclusion from consolidation Payments for sale of equity in subsidiaries Decrease due to disposal of consolidated subsidiaries Proceeds from sale of equity in subsidiaries Decrease due to business transfer Proceeds from sale of subsidiaries Other Cash flows from financing activities: Proceeds from issuance of bonds Redemption of bonds Proceeds from long-term loans Repayment of long-term loans Proceeds from short-term loans Repayment of short-term loans Proceeds from issuance of commercial paper Redemption of commercial paper Cash dividends paid Other Effect of exchange rate changes on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of the year Increase due to addition of consolidated subsidiaries Cash and cash equivalents at end of the year
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
1999 1,434.8 146.2 1,012.7 88.9 52.3 202.8 56.2 21.3 -9.3 438.5 -12.3 26.8 -26.6 1,997.8 5.8 -446.6 -122.1 -1,070.4 -1,030.1 9.9 -9.1 2.2 -43.4 -372.3 593.1 -889.2 300.2 -414.4 866.6 -846.0 1,270.0 -1,185.0 -67.6 -0.0 -7.9 83.3 75.4
2000 1,456.4 329.1 964.6 77.6 33.9 42.0 71.9 19.3 -9.9 380.3 -51.7 45.9 82.0 1,985.4 6.1 -389.0 -146.0 -1,017.0 -945.2 10.4 -58.4 1.1 -24.9 -431.2 699.8 -881.3 190.4 -538.8 1,340.6 -1,314.1 1,515.0 -1,355.0 -87.7 0.0 8.2 75.4 83.6
01 1,464.1 312.4 953.4 71.0 35.2 51.4 185.1 16.3 -9.7 308.5 -16.1 -29.1 49.5 1,928.2 6.7 -321.2 -149.5 -905.4 -894.5 13.3 -23.1 20.0 1.0 -22.1 -558.1 759.7 -862.7 250.2 -701.4 1,361.2 -1,428.6 2,232.0 -2,090.0 -81.0 2.5 1.2 1.8 83.6 27.9 113.4
02 1,406.3 265.1 922.3 48.2 32.8 63.7 65.6 15.6 -8.8 206.7 32.9 91.7 24.3 1,760.5 4.2 -217.3 -141.1 -863.7 -828.2 27.5 -38.3 2.0 -26.7 -573.7 800.8 -710.3 87.5 -549.8 1,447.4 -1,375.2 2,024.0 -2,216.0 -80.9 -1.1 0.9 -30.3 113.4 83.1
31 03 1,147.5 255.3 889.9 20.1 32.4 -66.1 22.8 1.6 -8.3 170.4 11.3 19.0 70.0 1,418.8 4.6 -175.0 -100.8 -693.8 -659.8 13.6 -22.1 2.0 -17.4 9.5 -19.5 -451.3 534.5 -462.5 147.6 -393.3 1,377.4 -1,563.2 2,299.0 -2,309.0 -80.9 -1.0 -2.0 0.3 83.1 83.4
04 1,411.4 372.8 847.5 47.3 33.2 -39.2 111.7 3.5 -9.7 164.5 -12.2 38.8 121.0 1,679.4 8.2 -165.3 -110.8 -577.5 -561.4 16.6 -21.5 31.2 -30.7 0.4 -11.9 -785.6 252.1 -124.3 96.4 -432.1 1,075.8 -1,215.5 1,365.0 -1,720.0 -80.9 -2.0 0.6 48.9 83.4 132.4
05 935.6 473.8 824.0 49.6 34.1 -65.6 9.6 21.3 -11.1 161.3 -51.1 -262.2 -18.1 91.8 -2.2 1,255.2 6.8 -163.8 -162.6 -615.3 -618.4 10.9 -16.8 21.3 -14.3 -44.9 46.9 -350.1 249.1 -405.9 98.0 -315.7 906.5 -935.8 1,020.0 -885.0 -80.8 -0.4 2.2 -27.6 132.4 104.7
06 1,073.6 496.0 751.6 55.5 45.3 3.7 17.5 17.9 16.5 -19.0 154.7 -60.7 -84.2 -24.4 33.2 -31.1 1,372.6 14.3 -157.7 -155.6 -550.1 -544.1 25.1 -32.1 23.6 0.1 0.9 -3.9 -19.8 -514.8 327.9 -729.0 194.7 -361.0 834.2 -823.8 889.0 -764.0 -80.9 -2.0 0.4 9.1 104.7 113.9
07 509.8 -212.4 772.4 33.4 24.0 -14.4 -32.1 2.6 82.1 164.5 -29.3 149.3 -171.4 -105.4 -7.5 235.9 -31.4 860.3 23.9 -150.5 -223.8 -686.2 -671.0 19.0 -57.8 6.9 -0.9 2.3 -0.8 3.4 -0.3 12.7 188.2 747.7 -693.3 426.9 -252.7 815.3 -788.5 1,487.0 -1,452.0 -101.0 -1.2 -0.6 11.2 113.9 125.1
08 599.1 -99.5 757.0 12.2 31.6 23.1 -0.8 -15.8 6.4 16.2 3.6 -31.2 140.1 -13.8 -149.5 61.5 -42.8 19.1 -114.0 36.9 640.2 27.8 -141.4 72.4 -655.3 -661.4 12.4 -17.7 29.9 -0.9 -17.5 194.4 668.0 -598.0 540.4 -282.0 859.5 -851.2 1,555.0 -1,615.0 -80.9 -1.3 -4.6 133.5 125.1 258.7
(Billion yen)
09 988.2 223.4 759.3 37.1 22.9 -7.4 -17.6 9.3 18.5 -75.3 -27.8 134.0 -12.6 -156.9 81.0 66.9 55.4 1,110.6 29.3 -137.8 -13.8 -599.2 -633.6 25.6 -52.1 12.8 37.6 10.4 -495.0 239.3 -427.8 322.0 -356.1 721.8 -749.7 730.0 -900.0 -80.8 6.1 0.4 -105.5 258.7 153.1
Liabilities and Net Assets
Assets
Balance Sheets (Non-consolidated) 1994 12,786.0 Fixed Assets 9,602.3 Electric power fixed assets 598.4 Hydroelectric power generation facilities 1,143.0 Thermal power generation facilities 1,458.0 Nuclear power generation facilities Internal combustion engine power generation facilities 46.6 Renewable energy generation facilities 2,763.0 Transmission facilities 1,178.8 Transformation facilities 2,167.2 Distribution facilities 246.8 General facilities and other 2,051.2 Construction in progress 586.5 Nuclear fuel 545.9 Other fixed assets 593.3 Current assets Deferred assets 13,379.4 Total assets 9,587.6 Long-term liabilities 4,482.4 Bonds 178.4 Convertible bonds 3,843.3 Long-term loans 1,083.5 Other long-term liabilities 2,371.1 Current Liabilities 8.3 Reserves 11,967.2 Total liabilities 670.4 Common stock 161.2 Capital surplus 580.5 Retained earnings Unrealized holding gain on securities Treasury stock, at cost 1,412.1 Total shareholders' equity Shareholder's equity Common stock Capital surplus Retained earnings Treasury stock, at cost Foreign currency translation adjustments Total net assets 13,379.4 Total
95 13,273.7 9,654.5 589.1 1,121.2 1,305.0 40.7 2,890.2 1,205.4 2,247.0 255.6 2,404.4 574.1 640.5 526.6 13,800.3 9,605.8 4,453.9 178.4 3,832.5 1,141.0 2,797.0 4.3 12,407.2 676.4 161.9 554.7 1,393.1 13,800.3
96 13,502.8 10,342.7 568.2 1,367.6 1,515.2 38.7 3,040.6 1,220.9 2,320.5 270.7 1,917.1 550.4 692.5 456.9 13,959.8 10,093.7 4,888.2 178.4 3,883.5 1,143.4 2,463.3 12,557.0 676.4 168.6 557.6 1,402.7 13,959.8
97 13,592.2 10,573.4 565.7 1,355.4 1,695.8 36.8 3,040.7 1,217.9 2,390.9 269.9 1,683.8 578.0 756.9 486.0 14,078.3 10,228.9 5,343.0 178.4 3,562.4 1,144.9 2,383.4 12,612.4 676.4 175.4 614.0 1,465.9 14,078.3
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
98 13,657.2 10,372.7 557.2 1,366.6 1,535.5 32.1 3,006.6 1,184.7 2,428.6 261.1 1,804.4 613.3 866.6 479.7 14,136.9 10,095.1 5,362.8 178.4 3,275.9 1,277.9 2,546.7 3.5 12,645.3 676.4 182.2 632.8 1,491.5 14,136.9
99 13,766.8 10,789.3 814.9 1,373.1 1,385.6 17.1 3,311.0 1,230.0 2,405.2 252.0 1,159.0 683.1 1,135.3 527.9 14,294.8 9,954.5 5,208.6 178.4 3,052.6 1,514.8 2,587.8 3.4 12,545.8 676.4 188.1 884.4 1,749.0 14,294.8
32 2000 13,737.4 10,597.7 789.1 1,301.7 1,260.3 12.3 3,264.1 1,300.1 2,429.6 240.1 1,139.0 713.9 1,286.7 560.2 14,297.6 9,369.9 4,837.1 178.4 2,659.0 1,695.3 2,993.9 5.2 12,369.1 676.4 188.1 999.7 64.1 1,928.4 14,297.6
01 13,559.3 10,338.6 750.4 1,376.1 1,146.8 12.3 3,121.9 1,264.8 2,424.7 241.2 1,123.0 766.7 1,330.8 615.5 14,174.8 9,107.2 4,668.4 178.4 2,317.8 1,942.5 3,056.3 5.9 12,169.5 676.4 188.1 1,104.6 36.2 -0.2 2,005.2 14,174.8
02 13,254.7 9,833.9 712.7 1,292.7 1,025.9 11.6 2,983.3 1,181.7 2,397.7 228.0 1,212.1 856.0 1,352.6 557.7 13,812.5 9,222.5 5,142.9 1,994.5 2,085.0 2,527.1 4.2 11,754.0 676.4 19.0 1,345.5 19.4 -1.8 2,058.5 13,812.5
03 12,889.0 9,723.4 676.8 1,546.6 932.8 13.7 2,833.6 1,128.2 2,363.3 228.1 805.3 911.5 1,448.7 544.9 0.3 13,434.3 9,271.4 5,550.2 1,682.2 2,038.8 1,981.3 11.8 11,264.5 676.4 19.0 1,416.1 61.5 -3.3 2,169.7 13,434.3
04 12,532.3 9,310.9 643.0 1,474.0 858.3 12.7 2,713.5 1,056.0 2,349.4 203.8 738.5 929.1 1,553.7 568.5 0.2 13,101.1 8,985.2 5,376.5 1,476.0 2,132.5 1,761.6 19.5 10,766.4 676.4 19.0 1,579.8 63.9 -4.3 2,334.7 13,101.1
05 12,429.3 9,154.9 878.8 1,328.0 794.9 9.5 2,596.5 1,013.8 2,330.2 202.8 482.4 920.9 1,871.0 601.8 0.2 13,031.4 8,189.6 4,899.1 1,210.9 2,079.6 2,270.4 16.3 10,476.4 676.4 19.0 1,759.5 105.1 -5.1 2,555.0 13,031.4
06 12,242.7 8,770.5 835.6 1,202.9 739.4 9.4 2,490.8 986.8 2,314.5 190.7 526.2 896.8 2,049.1 681.2 12,924.0 7,808.2 4,529.9 1,160.2 2,118.0 2,320.2 22.3 10,150.8 2,629.8 676.4 19.0 1,940.5 -6.1 143.3 2,773.2 12,924.0
07 12,249.6 8,416.0 791.4 1,116.5 679.4 11.5 2,381.6 948.4 2,293.3 193.5 595.0 923.9 2,314.5 808.0 13,057.7 8,350.5 4,694.4 1,294.7 2,361.3 2,307.2 17.3 10,675.0 2,350.5 676.4 19.1 1,661.5 -6.5 32.1 2,382.7 13,057.7
(Billion yen)
08 11,946.5 8,159.5 751.6 1,127.3 643.8 10.4 2,281.3 899.7 2,267.1 178.0 590.6 917.0 2,279.2 1,043.5 12,990.0 8,841.8 4,936.3 1,528.1 2,377.4 2,003.6 13.4 10,858.9 2,155.8 676.4 19.1 1,467.4 -7.1 -24.7 2,131.1 12,990.0
09 11,855.4 7,871.7 715.6 1,032.4 670.9 9.9 1.1 2,177.9 866.3 2,231.5 165.6 650.9 903.5 2,429.3 787.5 12,643.0 8,549.8 4,739.1 1,466.3 2,344.3 1,927.5 5.0 10,482.3 2,176.8 676.4 19.1 1,488.7 -7.4 -16.2 2,160.6 12,643.0
Revenues
Statements of Income (Non-consolidated) Electric power operating revenues Lighting Power Sales to other electric utilities Other operating revenues Incidental business operating revenues Electric power financing revenues Non-operating revenues Total ordinary revenues Electric power operating expenses Hydroelectric power generation expenses Thermal power generation expenses Nuclear power generation expenses
Internal combustion engine power generation expenses
Expenses
Renewable energy generation expenses Power purchased from other electric utilities Transmission expenses Transformation expenses Distribution expenses Selling expenses General and administrative expenses Electric power development promotion tax Enterprise tax Other operating expenses Incidental business operating expenses Operating income Electric power financing expenses Non-operating expenses Total ordinary expenses Ordinary income / loss
(Reversal of) provision for reserve for fluctuation in water levels
Extraordinary income Extraordinary loss Income before income taxes Income taxes - current Income taxes - deferred Net income / loss Retained earnings brought forward Prior years' adjustment for deferred taxes
Reversal of reserve related to implementation of deferred tax accounting
Interim cash dividend paid Transfer to earned reserve Unappropriated retained earnings
1994 4,975.4 1,818.6 3,005.6 106.2 44.9 5.7 7.4 4,988.6 4,239.2 100.6 992.3 627.6 18.6 507.8 388.7 239.4 572.8 183.1 429.9 111.0 68.6 -1.8 736.1 521.7 18.7 4,779.7 208.9 -14.0 222.9 142.7 80.2 89.5 33.4 3.3 132.9
95 5,031.8 1,881.1 3,019.4 88.6 42.5 4.8 6.1 5,042.7 4,333.8 96.0 932.3 617.0 16.5 615.9 396.3 239.1 581.9 186.2 473.3 113.5 67.8 -2.6 697.9 531.0 10.3 4,875.1 167.5 -4.0 171.6 123.5 48.1 120.1 33.4 3.3 131.4
96 5,012.6 1,863.0 3,019.7 83.5 46.2 6.1 8.5 5,027.3 4,394.1 96.1 975.4 648.6 15.8 624.4 409.3 236.9 570.9 186.5 450.4 114.8 67.5 -3.0 618.4 475.5 15.0 4,884.7 142.5 -4.3 146.8 69.4 77.3 118.3 33.8 3.3 158.4
97 5,252.2 1,952.7 3,160.8 91.0 47.6 8.9 8.7 5,269.9 4,539.3 96.0 1,026.5 696.4 15.5 626.0 415.0 246.2 578.6 187.1 462.9 118.4 71.3 -1.2 712.8 505.9 7.2 5,052.6 217.3 217.3 86.3 131.0 145.3 33.8 3.3 239.1
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2010
98 5,060.1 1,920.4 2,999.5 88.1 51.9 9.8 9.6 5,079.6 4,386.3 97.3 846.3 725.3 14.4 600.1 408.2 236.7 568.7 188.6 514.0 119.1 68.5 -1.4 673.8 475.1 10.2 4,871.7 207.9 3.5 197.8 104.4 93.4 145.4 33.8 3.3 201.6
99 5,059.6 1,965.1 2,977.4 70.8 46.2 10.9 16.8 5,087.4 4,290.6 109.2 891.1 623.4 22.9 596.9 429.9 252.7 549.2 192.1 441.5 122.3 60.0 -1.1 769.0 437.6 13.1 4,741.5 345.9 -0.0 200.7 145.2 127.2 -74.6 92.6 146.4 232.5 6.8 33.8 2.4 442.2
2000 5,225.1 2,024.1 3,061.9 93.5 45.4 11.2 12.9 5,249.3 4,510.6 109.6 1,021.7 683.3 7.8 631.0 428.4 241.1 545.6 198.1 458.3 125.2 61.2 -1.2 714.4 379.9 38.6 4,929.2 320.0 1.8 318.2 134.0 -19.2 203.3 146.4 40.5 0.0 309.2
01 5,129.6 1,987.4 3,001.5 95.8 44.8 10.9 15.5 5,156.0 4,491.6 102.4 970.6 794.2 7.1 607.6 419.5 240.8 527.7 197.2 441.8 123.1 60.2 -1.1 637.9 309.2 35.6 4,836.4 319.5 0.7 27.4 291.3 131.9 -26.8 186.2 147.4 40.5 293.1
33 02 4,801.3 1,955.5 2,729.7 71.7 44.3 7.0 18.5 4,826.9 4,282.2 95.0 1,099.1 521.3 5.9 619.8 400.1 211.8 495.5 192.6 459.1 126.1 55.7 -0.4 13.9 512.2 249.9 4,546.1 280.8 -1.7 41.6 240.9 125.5 -37.7 153.0 148.3 40.5 260.8
03 4,722.1 1,909.4 2,688.7 71.9 51.9 12.4 25.9 4,760.4 4,231.5 91.0 1,252.2 464.3 7.7 637.1 384.4 197.8 481.2 191.8 346.8 121.6 54.4 0.8 30.7 472.2 193.6 4,455.9 304.4 7.5 41.9 254.9 88.0 15.1 151.8 149.1 40.5 260.4
04 4,798.6 1,976.8 2,660.4 101.1 60.2 24.6 28.5 4,851.7 4,231.8 96.2 1,141.4 582.8 7.5 600.8 382.5 194.6 500.4 193.5 349.1 124.5 55.7 2.3 55.8 535.4 179.4 4,467.2 384.5 7.7 376.7 133.6 -1.7 244.8 149.7 40.5 353.9
05 4,897.2 2,022.4 2,659.5 143.9 71.2 43.8 37.6 4,978.7 4,325.0 98.0 1,315.3 556.1 9.8 629.3 386.8 184.7 479.8 191.7 293.7 118.9 56.8 3.5 79.3 536.7 177.1 4,581.5 397.2 -3.2 12.4 12.0 400.8 129.9 10.0 260.8 150.4 40.5 370.7
06 4,952.3 1,983.4 2,721.1 168.6 79.0 62.7 42.8 5,057.9 4,426.2 101.6 1,311.5 584.3 7.1 650.6 387.2 180.8 482.8 196.5 342.9 119.0 57.2 4.1 92.8 495.9 166.7 4,685.8 372.0 5.9 60.7 426.8 179.3 -14.6 262.1 -
07 5,169.1 2,096.2 2,818.4 164.3 90.0 55.2 41.4 5,265.8 5,075.0 94.1 2,032.1 536.6 7.0 773.1 378.4 171.9 485.8 196.4 220.8 115.4 58.5 4.2 54.3 95.0 158.4 5,287.8 -22.0 -5.0 18.6 267.1 -265.5 0.2 -88.1 -177.6 -
08 5,554.2 2,207.8 3,088.1 169.7 88.5 89.1 39.9 5,683.3 5,532.6 89.9 2,365.4 469.4 9.8 842.5 358.6 163.2 473.1 187.4 393.7 111.9 63.0 4.2 87.9 22.7 152.9 5,773.5 -90.1 -3.8 70.3 -156.6 0.0 -43.5 -113.1 -
(Billion yen)
09 4,733.2 2,008.6 2,495.9 136.2 92.4 71.1 48.2 4,852.7 4,487.5 86.5 1,462.4 492.3 7.2 0.3 722.4 356.4 159.6 476.5 188.9 369.8 108.8 52.5 3.1 66.9 249.9 139.5 4,694.0 158.6 -8.4 167.0 0.0 64.7 102.3 -
【Reference】
34
Operating Results (Non-consolidated)
(Billion yen)
Ordinary Expenses
Ordinary Revenues
1994
95
96
97
98
99
2000
01
02
03
04
05
06
07
08
09
Lighting
1,818.6 1,881.1 1,863.0 1,952.7 1,920.4 1,965.1 2,024.1 1,987.4 1,955.5 1,909.4 1,976.8 2,022.4 1,983.4 2,096.2 2,207.8 2,008.6
Power
3,005.6 3,019.4 3,019.7 3,160.8 2,999.5 2,977.4 3,061.9 3,001.5 2,729.7 2,688.7 2,660.4 2,659.5 2,721.1 2,818.4 3,088.1 2,495.9
(Sub-total)
4,824.2 4,900.6 4,882.8 5,113.6 4,920.0 4,942.5 5,086.1 4,988.9 4,685.2 4,598.1 4,637.2 4,682.0 4,704.6 4,914.7 5,295.9 4,504.5
Other revenues (Total)
164.3
142.1
144.4
156.3
159.6
144.8
163.2
167.1
141.7
162.3
214.5
296.7
353.3
351.0
387.3
348.1
4,988.6 5,042.7 5,027.3 5,269.9 5,079.6 5,087.4 5,249.3 5,156.0 4,826.9 4,760.4 4,851.7 4,978.7 5,057.9 5,265.8 5,683.3 4,852.7
Personnel
448.9
500.3
492.0
498.0
554.2
478.3
525.6
526.8
544.2
445.1
454.4
Fuel
611.6
590.6
655.8
662.3
522.2
557.5
696.6
662.1
782.6
905.8
822.4 1,040.0 1,062.7 1,755.1 2,078.7 1,192.6
Maintenance
669.6
632.6
580.7
617.5
573.5
558.1
548.5
503.9
406.2
411.4
472.7
469.3
459.0
432.1
381.3
373.9
Depreciation
913.5
893.9
995.5 1,022.6
979.4
996.1
946.7
916.9
882.8
845.0
785.9
753.4
704.5
726.2
708.6
709.8
Purchased power
507.8
615.9
624.4
626.0
600.1
596.9
631.0
607.6
619.8
637.1
600.8
629.3
650.6
773.1
842.5
722.4
Interests
518.4
527.5
470.1
498.8
469.8
434.9
377.3
304.6
203.9
167.9
156.3
153.7
148.0
143.0
134.6
129.5
Taxes & Other income taxed
325.3
330.9
338.5
352.4
354.9
351.4
357.9
355.9
348.6
338.9
343.9
336.4
337.0
330.2
327.3
312.8
-
-
-
-
-
-
-
-
-
-
-
-
195.5
164.5
132.9
138.5
784.2
783.0
727.4
774.6
817.2
767.9
845.3
958.3
757.6
704.4
830.4
798.0
669.2
625.4
683.7
632.8
Nuclear power back-end costs Other expenses (Total)
401.0
458.9
337.7
483.4
481.3
4,779.7 4,875.1 4,884.7 5,052.6 4,871.7 4,741.5 4,929.2 4,836.4 4,546.1 4,455.9 4,467.2 4,581.5 4,685.8 5,287.8 5,773.5 4,694.0
Ordinary income / loss
208.9
167.5
142.5
217.3
207.9
345.9
320.0
319.5
280.8
304.4
384.5
397.2
372.0
-22.0
-90.1
158.6
Reserve for fluctuation in water levels
-14.0
-4.0
-4.3
-
3.5
-0.0
1.8
0.7
-1.7
7.5
7.7
-3.2
5.9
-5.0
-3.8
-8.4
Extraordinary income
-
-
-
-
-
-
-
-
-
-
-
12.4
60.7
18.6
-
-
Extraordinary loss
-
-
-
-
6.6
200.7
-
27.4
41.6
41.9
-
12.0
-
267.1
70.3
-
142.7
123.5
69.4
86.3
104.4
127.2
134.0
131.9
125.5
88.0
133.6
129.9
179.3
0.2
0.0
0.0
-
-
-
-
-
-74.6
-19.2
-26.8
-37.7
15.1
-1.7
10.0
-14.6
-88.1
-43.5
64.7
80.2
48.1
77.3
131.0
93.4
92.6
203.3
186.2
153.0
151.8
244.8
260.8
262.1 -177.6 -113.1
102.3
Income taxes - current Income taxes - deferred Net income / loss
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