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VattenfallStockholm, Sweden
Report FactsCompany name: Vattenfall AB (publ)Fiscal year end: December 31, 2008 Report title: Making electricity clean Chairman of the Board: Lars Westerberg President and CEO: Lars G. Josefsson Number of books: Two Report length: 128 + 84 pages Auditors: Ernst & Young AB, Per Redemo Production: Vattenfall & Intellecta Corporate E-mail: info@vattenfall.com |
Report rating (Rating scale below)(4.5/5)
Profile-Products(Excerpts, as from the report)Vattenfall is Europe’s fifth largest generator of electricity and the largest producer of heat… Vattenfall works in all parts of the electricity value chain: generation, transmission, distribution and sales. Vattenfall AB is 100%-owned by the Swedish state. Electricity generation (TWh): 163.1.Heat sales (TWh): 35,6. (Annual Report source) (Italics are own company’s words)Key FiguresNet sales: SEK 164,549 millionOperating income: SEK 29,895 million Net income (after tax): SEK 17,763 million Earnings per share: SEK 129.80 Return on equity: 13.6% Return on assets: 15.1% Equity to total assets: 31.6% Number of employees (fte): 32,801 (Source: 2007 figures sourced from the annual report) Competitors or Rivals
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Triple A> Making electricity clean is the theme, strongly sustained, substantiated and plainly explained throughout.> Vattenfall at a glance highlights plenty of indicators in the inside cover. > Vision and ambitions qualitatively explained but also translated into goals and long-term targets. > Broad picture of the operating environment and price and market trends. > Outstanding -and rarely reported- comparison of selected European energy utilities (Selected Page below). > Risks and risk management well introduced and developed. > Alternatives for seven sources of new energy generation and developing technologies made clearest in CSR Report, with advantages, disadvantages and cost estimates. |
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Double A> Well-structured Administration report.> Corporate governance made as transparent as some listed companies – with matters handled by the Board. > Substantial first CSR Report now published in conjunction: rich in facts and figures, yet not always best structured. The notes about performance go further than many. > Most useful glossaries in both reports. And key ratios are calculated for the reader. |
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Simple A> What is important to stakeholders pushed too late (CSR Report p 40). |
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B sides> Why featuring the same thing -just with slightly different angles- for the two books and the six covers (the report is packed)? Isn’t there a lot more to show about (clean) energy?> Design, layout and organization not most optimized for flicking and reading through: these remarks also apply to CEO and Chairman messages, and a profile disclosure oddly buried in CSR Report p 44. |
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How does the company report in key areas? What are the main report pluses and minuses?
The Report Scan gives an overview of strengths and weaknesses, and scores each item.
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Selected Page(p 12 of Vattenfall Annual Report 2008)
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