ESB Annual Report 2012 - (Page 18)

18 ESB Annual Report 2012 - Energy for connecting you 10:14 ENERGY FOR FUELLING YOUNG MINDS IN THIS SECTION Operating Environment Finance Review Business Unit Sections: ESB Generation and Wholesale Markets ESB Networks NIE Electric Ireland 19 21 FIVE-YEAR SUMMARY 2012 €’m 26 28 30 32 Revenue and other operating income Operating profit before exceptional items1 Adjusted profit before taxation2 EBITDA3 Capital expenditure4 Net debt Gearing (%)5 Total assets 2011 €’m 2010 €’m 2009 €’m 2008 €’m 3,295 2,995 2,740 3,114 3,515 576 469 339 350 340 351 283 249 335 304 1,095 1,121 839 814 753 765 883 819 921 1,094 (4,414) (4,324) (3,944) (2,231) (2,088) 53% 52% 50% 35% 40% 12,600 12,539 12,112 9,567 8,645 1 Stated before the following exceptional items: 2012: staff exit costs (€161 million). 2010: pension charge (€330 million). 2009: profit on disposal of generating assets: (€265 million). 2 Excludes market to market movements on RPI swaps and exceptional items. 3 Includes exceptional items (€161 million). 4 Excludes NIE acquisition in 2010 (€1.2 billion). 5 Excludes joint ventures.

Table of Contents for the Digital Edition of ESB Annual Report 2012

ESB Annual Report 2012
Contents
Business Overview
Chairman’s Statement
Chief Executive Review
Our Strategy and Business Model
Operating and Financial Review
Operating Environment
Finance Review
Business Unit Sections: ESB Generation and Wholesale Markets
ESB Networks
NIE
Electric Ireland
Corporate Social Responsibility
Introduction from Executive Director, People and Sustainability
Sustainability Charter
Energy Usage 2012
ESB Innovation
Equality and Diversity
Our People
Our Community
Corporate Governance
Chairman’s Corporate Governance Statement
The Board
Executive Team
Board Members’ Report
Risk Management Report
Statement of Board Members’ Responsibilities
Independant auditor’s report to the stockholders of Electricity Supply Board (ESB)
Statement of Accounting Policies
Financial statements
Prompt Payments Act

ESB Annual Report 2012

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