guess I gotta go googling :)..What a co-in-kee-dink..
About EDF Energy
Overview
EDF Energy is one of the largest energy companies in the UK. We employ more than 11,000 people, supply gas and electricity to over 5 million customers, and are a major generator.
As one of the largest regulated and private networks operators in the UK we distribute electricity to over a quarter of the country’s population. We’re one of the few vertically integrated companies, which means we manage energy from the moment it’s harnessed, to the second it’s used, with expertise in generation, distribution and supply.
In the last five years we've transformed into a major, national energy player with the acquisition of the supply businesses of SWEB Energy and Seeboard Energy; the Sutton Bridge, West Burton and Cottam power stations, and the TXU and Seeboard networks businesses. We’re also one of the largest developers of offshore wind generation in the UK.
Because our business has changed, so has our identity. The time’s right to show we all work for one company, EDF Energy, and to be proud of what we stand for. It’ll make it easier for people to understand all the things we do.
EDF Energy has three key stakeholders: our customers, our people and our shareholder, EDF Group. We’ve got a duty to them, but we know we’ve also a responsibility to the broader community.
On this site you can find out more about what we believe in, how we’re structured and what we do, as well as information about our parent, EDF Group.
http://www.le-group.co.uk/index.asp?template=/about/financial_summary.html&language=en&mode=productionFinancial Summary
2002 was a year of significant growth and major improvement in our financial performance.
Here’s a summary of our financial performance in 2002.
Summary financial statements
These summary financial statements have been taken from the consolidated financial statements of EDF Group, which have been prepared in accordance with EDF Group accounting policies, that are in compliance with current French regulations.
The financial information contained in the summary financial statements does not constitute statutory accounts as defined in section 240 of the Companies Act 1985. Statutory accounts for the year to 31 December 2002 have been filed with the Registrar of Companies, upon which the auditors issued an unqualified opinion.
Summarised Profit and Loss Account
for the year ended 31 December 2002 2002
£m 2001
£m
Turnover 2,835 1,943
Cost of sales (1,866) (1,512)
Gross profit 969 431
Operating costs (357) (121)
EBITDA 612 310
Depreciation and amortisation (284) (152)
Operating profit 328 158
Property disposals 8 12
Associates and minorities (5) 10
Profit from operations 331 180
Interest (148) (100)
Profit before taxation 183 80
Tax (60) (27)
Profit after taxation 123 53
The contribution of EDF results is £91 million after attributing the amortisation of EDF goodwill.
Summarised Balance Sheet
for the year ended 31 December 2002 2002
£m 2001
£m
ASSETS
Fixed assets - intangible 1,364 450
Fixed assets - tangible 6,733 3,122
Investments 69 42
Current assets 852 691
Cash deposits 147 46
LIABILITIES
Liabilities (including current) (2,358) (832)
Tax liabilities (1,147) (687)
Long term debt (3,566) (1,719)
Net assets 2,094 1,113
Shareholders' funds 2,094 1,113
Auditors’ Statement to the Shareholders of London Electricity Group Holdings plc.*
We have examined the summary financial information relating to London Electricity Group Holdings plc*, set out in the summary financial statements above, which has been extracted from the consolidated accounts of Electricité de France (“EDF”) and prepared in accordance with EDF Group accounting policies. The summary financial information is the responsibility of, and has been approved by, the directors.
This report is made solely to the company’s members, as a body, in accordance with the directors’ instructions. To the fullest extent required by the law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our work, for this statement, or for the opinions we have formed.
Respective responsibilities of directors and auditors
The directors are responsible for preparing the summarised financial information. Our responsibility is to report to you our opinion as to whether the summary financial information within the Annual Review has been correctly extracted from the audited consolidated financial statements of EDF Group and correctly translated to pounds sterling. We also read the other information contained in the Annual Review and consider the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the summary financial statement.
Opinion
In our opinion the information, which has been prepared in accordance with EDF Group accounting policies, has been correctly extracted from the audited consolidated financial statements of EDF Group and correctly translated to pounds sterling for the year ended 31 December 2002.
Ernst & Young LLP, London
7 May 2003
* Our name changed to EDF Energy on 30 June 2003.
http://www.psiru.org/companydetails.asp?Companyid=40Company Name: Black & Veatch
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Home country: UK
Black & Veatch (UK) Ltd
The Lansdowne Building
Lansdowne Road
Croydon
CRO 2BX
Tel: 0181-256-4602
Fax: 0181-256-4589
European Works:
Directors
PG Adam (Chairman & CEO): PG Davidson, JL Patton, JH Robinson, LC Rodman,(all listed as Managing Partners): Wayne F Hall (Executive Partner): PD Hoffman, KI Daniel, WJ Horton,(listed as Vice Presidents): GC Hedemann (Executive Partner): JJ Farr, KP Woodward (General Partners): WE Morgan (Partner): JH Robinson (Managing Partner) several other general "partners" also listed!! see Ann Report
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Last Updated:
PSIRU Capsule
The following profile provides you with summary information on the company you have requested. Further details may be available in the Finance, Contracts and News sections.
HISTORY:
The company was formed in June 1989.
OWNERSHIP:
The company is a subsidairy of Black & Veatch International, incorporated in the USA. Address: 8400 Ward Parkway, Kansas City, Missouri 64114, USA.
DIRECTORS:
All the directors are based in the US except D Mazany who is based in London.
ACTIVITIES:
During 1994, the most recent accounts available, the company continued to provide management services and software to certain Tarmac Construction Ltd companies as part of a joint venture agreement with Tarmac Construction Ltd.
Black & Veatch (UK) Ltd has entered into other joint ventures with Tarmac: TBV Science, TBV Consult, TBV Consulting Services, TBV London, TBV Environment, TBV Holding, TBV Inston, TBV Power, TBV Professional Services, TBV Science, TBV Technologies.
In 1994 another agreement with Tarmac Contruction Ltd was entered into to form a company to pursue architechtural and engineering projects.
In 1995 the parent company based in the US signed a binding agreement to merge with Binnie and Partners, a British firm of consulting engineers.
FINANCES:
The company’s associated undertaking owned jointly with Tarmac Construction Ltd, TBV Power Ltd - a turnkey contractor in the power generation industry - recorded a substantial loss for the year following provision for the estimated loss arising from a claim on one of its contracts. During the year TBV Power received a claim from a customer, which went into litigation. The directors of TBV Power consider that a best the company would break even and at worst lose £60m but a court decision will not be taken until 1997 (see News). On the basis of the profit sharing arrangement between the company and Tarmac relating to this contract, one third of any loss is attributable to Black & Veatch.
At the end of 1994, the company’s investment in TBV Power amounted to £3,050,000 comprising £50,000 in share capital and £3,000,000 in loans. The directors have made provision against both. Since the year end (1994) further loans totalling £10,720,041 have been advanced by the company to TBV Power.