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02 15-14 kepco results-q3-1
 

02 15-14 kepco results-q3-1

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    02 15-14 kepco results-q3-1 02 15-14 kepco results-q3-1 Document Transcript

    • Unaudited Financial Release (Consolidated) for the Third Quarter The information below is an English translation of extracts from Unaudited Financial Release (Consolidated) for the third quarter that has been filed with the major Japanese stock exchanges (Tokyo and Nagoya) for public inspection. These financial statements have been prepared in accordance with accounting principles and practices generally accepted in Japan. January 31, 2014 The Kansai Electric Power Co., Inc. (Code: 9503) 6-16 Nakanoshima 3-chome, Kita-ku, Osaka (URL http://www.kepco.co.jp) Company Representative: Makoto Yagi, President and Director Contact: Nobuhiro Nishizawa, General Manager, Office of Accounting and Finance Tel: +81-6-6441-8821 Ⅰ. Performance over the Nine-months Ended December 31, 2013 and 2012 (Figures are rounded down to the nearest million yen) 1. Results of Operations Operating Revenues Operating Income Ordinary Income * Net Income Net Income per Share Fully Diluted Net Income per Share Nine-Months Ended December 31 2013 2012 2,398,539 2,081,990 -7,675 -197,589 -34,178 -221,472 -34,652 -151,973 -38.78yen -170.08yen ― ― (Million Yen) Change 13/12 15.2% ― ― ― ― ― 12/11 1.7% ― ― ― ― ― Comprehensive income Nine-months ended December 31, 2013: -4,143 million yen(―) Nine-months ended December 31, 2012: -154,237 million yen(―) Notes: 1. Ordinary Income means Income before Provision for/Reversal of Reserve for Fluctuations in Water Level, Special Item and Income Taxes. 2. Financial Position Total Assets Net Assets Equity Ratio As of December 31 2013 7,569,823 1,274,075 16.5% Notes: Equity capital As of December 31, 2013: 1,249,095 million yen As of March 31, 2013: 1,256,757 million yen 1 (Million Yen) As of March 31 2013 7,635,150 1,278,106 16.5%
    • Ⅱ. Dividend Fiscal 2013 Fiscal 2014 Interim dividend per share 0.00 yen 0.00 yen Year-end dividend per share 0.00yen 0.00yen (Forecast) Annual dividend per share 0.00 yen 0.00yen(Forecast) Ⅲ. Financial Forecasts (Consolidated) (Billion Yen) Operating Revenues Operating Income Ordinary Income* Net Income Net Income per Share Fiscal year ending Mar. 31,2014 Revised Previous Forecasts Forecasts 3,310 3,310 -85 - -125 - -98 - -109.67yen - Change - - - - - Notes: 1. Major Factors for Earnings Forecasts Electricity Sales Nuclear capacity factor Water run-off ratio All Japan CIF crude oil price Exchange rate [TTM] Revised Forecasts 140.3 Billion kWh 10.9% 99.3% Approx. $110/barrel Approx. ¥100/$ 2. Sensitivity of major factors Revised Forecasts 11.4 1.9 9.9 Previous Forecasts 140.5 Billion kWh - - Approx. $110/barrel Approx. ¥100/$ (Billion yen) Previous Forecasts - - - Nuclear capacity factor per 1% Water run-off ratio per 1% All Japan CIF crude oil price per $1/barrel Exchange rate [TTM] per ¥1/$ 13.2 - Sensitivity of major factors are subject to change if the rapid and drastic changes of major factors happen. 3. Ordinary Income means Income before Provision for/Reversal of Reserve for Fluctuations in Water Level, Special Item and Income Taxes. 4. Financial forecasts are subject to change depending upon the changes of business environments and other conditions. 2
    • Ⅳ. Other 1. Number of shares outstanding (included Treasury stock) As of December 31, 2013: 938,733,028 shares As of March 31, 2013: 938,733,028 shares 2. Number of Treasury stock As of December 31, 2013: 45,183,374 shares As of March 31, 2013: 45,215,808 shares 3. Number of Average stock Nine-months ended December 31, 2013: 893,565,613 shares Nine-months ended December 31, 2012: 893,532,657 shares <Reference> Financial Forecasts(Non-consolidated) (Billion Yen) Operating Revenues Operating Income Ordinary Income* Net Income Net Income per Share Fiscal year ending Mar. 31,2014 Revised Previous Forecasts Forecasts 2,950 2,950 -125 - -130 - -95 - -106.28yen - Change - - - - - Notes: 1. Ordinary Income means Income before Provision for/Reversal of Reserve for Fluctuations in Water Level, Special Item and Income Taxes. Electricity sales (Million kWh) Nine-months ended Dec.31, 2013 Lightning Power Low Voltage Other Regulated Segment Liberalized Segment Total 33,398 4,294 3,779 515 37,692 65,310 103,002 3 Nine-months ended Dec.31, 2012 34,099 4,378 3,836 542 38,477 65,932 104,408 Change (%) 97.9 98.1 98.5 95.2 98.0 99.1 98.7
    • Consolidated Balance Sheets As of Mar. 31, 2013 Account (Assets) Property Utility facilities Hydroelectric power production facilities Thermal power production facilities Nuclear power production facilities Transmission facilities Transformation facilities Distribution facilities General facilities Other utility facilities Other plant and equipment Construction in progress Nuclear fuel Loaded nuclear fuel Nuclear fuel in processing Investments and other assets Long-term investments Reserve fund for reprocessing of irradiated nuclear fuel Deferred tax assets Other Allowance for doubtful accounts Current assets Cash and time deposits Accounts receivable Inventory assets Deferred tax assets Other Allowance for doubtful accounts Total assets (million yen) As of Dec. 31, 2013 6,927,635 3,522,795 313,583 425,681 379,859 1,001,226 411,440 845,045 116,441 29,518 637,427 501,907 536,691 86,273 450,418 1,728,812 262,585 593,530 506,439 368,563 -2,306 707,514 156,465 187,290 159,988 44,943 160,631 -1,803 7,635,150 4 6,779,738 3,477,563 308,049 492,578 314,784 968,430 406,833 843,784 115,107 27,994 637,601 431,390 536,186 81,470 454,716 1,696,996 280,830 569,676 494,222 354,503 -2,236 790,085 91,085 219,283 172,570 53,606 255,523 -1,984 7,569,823
    • Consolidated Balance Sheets As of Mar. 31, 2013 Account (Liabilities) Long-term liabilities and reserves Bonds Long-term loans Liability for retirement benefits Reserve for reprocessing of irradiated nuclear fuel Reserve for reprocessing of irradiated nuclear fuel without definite plans Asset retirement obligations Deferred tax liabilities Other Current liabilities Current maturities of long-term debt and other Short-term borrowings Accounts payable Accrued income taxes Other current liabilities Reserves under the special laws Reserve for fluctuation in water levels Total liabilities 5 (million yen) As of Dec. 31, 2013 5,258,967 1,421,525 2,203,851 370,360 638,521 45,608 5,197,307 1,401,339 2,191,876 373,309 621,343 48,357 452,200 297 126,602 1,087,961 440,995 139,027 180,358 43,958 283,620 10,114 10,114 6,357,043 401,166 266 159,647 1,091,450 412,888 208,107 191,196 34,405 244,852 6,989 6,989 6,295,748
    • Consolidated Balance Sheets As of Mar. 31, 2013 Account (Net Assets) Shareholders’ Equity Paid in capital Capital surplus Retained earnings Treasury stock Accumulated other comprehensive income Unrealized gain on available-for-sale securities Deferred gains on derivatives under hedge accounting Foreign currency translation adjustments Minority interests Total net assets Total liabilities and net assets (million yen) As of Dec. 31, 2013 1,214,004 489,320 66,634 754,319 -96,270 42,753 43,411 4,611 5,892 -5,269 21,349 1,278,106 7,635,150 6 1,179,339 489,320 66,634 719,665 -96,282 69,755 61,033 2,830 24,980 1,274,075 7,569,823
    • Consolidated Statements of Operations Nine-months ended Dec.31, 2012 Account Ordinary revenues and expenses Operating revenues and expenses Operating revenues Electric Other Operating expenses Electric Other (Operating Loss) Non-Operating revenues and expenses Non-operating revenues Dividends received Interest revenue Equity in earnings of associated companies Other Non-operating expenses Interest expense Other Total ordinary revenues Total ordinary expenses Ordinary Loss Provision for or reversal of reserve for fluctuation in water levels Reversal of reserve for fluctuation in water levels Loss before income taxes and minority interests Income taxes-current Income taxes-deferred Income taxes Loss before minority interests Minority interests in net loss Net Loss 7 (million yen) Nine-months ended Dec.31, 2013 2,081,990 1,780,379 301,610 2,279,580 2,017,070 262,509 -197,589 2,398,539 2,072,834 325,704 2,406,215 2,114,134 292,080 -7,675 26,054 2,906 8,105 8,215 6,827 49,937 41,677 8,260 2,108,045 2,329,517 -221,472 -6,370 26,245 2,964 6,822 7,706 8,752 52,748 43,315 9,432 2,424,785 2,458,963 -34,178 -3,125 -6,370 -215,102 11,293 -74,319 -63,025 -152,076 -102 -151,973 -3,125 -31,052 5,875 -2,095 3,779 -34,832 -179 -34,652
    • Consolidated Statements of Comprehensive Income Account Loss before minority interests Other comprehensive income Unrealized gain on available-for-sale securities Deferred loss on hedges Foreign currency translation adjustments Share of other comprehensive income of associates accounted for using equity method Total other comprehensive income or loss Comprehensive income or loss (Breakdown) Comprehensive income or loss attributable to parent shareholder Comprehensive income or loss attributable to minority interest 8 Nine-months ended Dec.31, 2012 -152,076 (million yen) Nine-months ended Dec.31, 2013 -34,832 1,997 -809 -5,566 15,053 2,056 9,291 2,217 4,288 -2,160 -154,237 30,689 -4,143 -154,728 -7,649 491 3,506