Abridged consolidated financial statements

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Consolidated statement of profit or loss
T€		Disclosure	2020	2019
+	Revenue	VI.1	579,672	1,567,967
+/–	Changes in inventories and work in progress		-86	40
+	Own work capitalized	VI.2	15,611	16,689
+	Other income	VI.3	29,018	26,436
	Total revenue		624,215	1,611,132
–	Cost of materials	VI.4	-232,577	-413,210
–	Personnel expenses	VI.5	-408,606	-537,239
–	Other expenses	VI.6	-144,870	-106,369
	Earnings before interest, taxes, depreciation, and amortization (EBITDA)		-161,838	554,314
–	Depreciation and amortization	VI.7	-242,016	-208,835
	Operating result (EBIT)		-403,854	345,479
+	Interest result	VI.8	-94,059	-78,233
+/–	Other financial result	VI.8	66,305	-11,812
	Financial result		-27,754	-90,045
+	Result from companies accounted for using the equity method	VII.4	-1,812	1,388
	Earnings before taxes (EBT)		-433,420	256,822
+/–	Income taxes	VI.9	112,019	-78,975
	Group profit/loss of the year (EAT)		-321,401	177,847
	of which assignable to owners of the company		-321,402	177,842
	of which assignable to non-controlling interests		1	5

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Consolidated statement of comprehensive income
T€		Disclosure	2020	2019
	Group profit/loss of the year		-321,401	177,847
+/–	Cash flow hedging	VII.16	12,354	11,406
+/–	Deferred taxes not affecting profit or loss	VII.6	-2,470	-2,281
	Items to be reclassified to the statement of profit or loss		9,884	9,125
+/–	Actuarial gains and losses	VII.17	-1,670	-5,351
+/–	Deferred taxes not affecting profit or loss	VII.6	463	1,488
+/–	Effects of foreign currency translation		62	3
	Items not to be reclassified to the statement of profit or loss		-1,145	-3,860
	Other comprehensive income net of tax		8,739	5,265
	Total comprehensive income		-312,662	183,112
	of which assignable to owners of the company		-312,663	183,107
	of which assignable to non-controlling interests		1	5

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Consolidated statement of financial position
Assets
T€	Disclosure	Dec. 31, 2020	Dec. 31, 2019
Intangible assets	VII.1	19,384	21,162
Property, plant, and equipment	VII.2	5,120,387	4,951,956
Investment property	VII.3	145,273	155,358
Investments in companies accounted for using the equity method	VII.4	2,304	4,138
Receivables	VII.5	5,109	5,201
Contract assets	VII.23	6,237	2,232
Other financial assets		245	214
Deferred tax assets	VII.6	8,810	5,497
Other assets	VII.9	7,390	6,153
Non-current assets		5,315,139	5,151,911
Inventories	VII.7	28,057	37,483
Receivables	VII.8	60,603	94,229
Contract assets	VII.23	7,516	7,315
Other financial assets	VII.8	40	1
Current income tax assets		4,196	5,123
Other assets	VII.9	32,786	35,872
Short-term deposits	VII.10	67,985	168,767
Cash and cash equivalents	VII.10	9,717	39,576
Current assets		210,900	388,366
Assets held for sale	VII.11	2,551	1,746
Assets		5,528,590	5,542,023

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Equity and Liabilities
T€	Disclosure	Dec. 31, 2020	Dec. 31, 2019
Subscribed capital	VII.12	306,776	306,776
Reserves	VII.12	133,651	147,490
Other equity	VII.12	1,624,515	1,923,854
Non-controlling interests		20	19
Equity		2,064,962	2,378,139
Financial liabilities from interests in partnerships	VII.14	334,619	354,047
Payables	VII.15	19,471	14,211
Other financial liabilities	VII.15	1,631,789	1,148,779
Employee benefits	VII.17	119,135	61,965
Other provisions	VII.18	92,038	91,984
Deferred tax liabilities	VII.6	318,474	424,400
Other liabilities	VII.20	14,600	15,807
Non-current liabilities		2,195,507	1,757,146
Payables	VII.19	111,597	151,620
Contract liabilities	VII.23	792	2,244
Other financial liabilities	VII.19	744,664	813,645
Employee benefits	VII.17	46,987	47,587
Other provisions	VII.18	13,238	11,445
Current income tax liabilities		4,895	8,209
Other liabilities	VII.20	11,329	17,941
Current liabilities		933,502	1,052,691
Equity and liabilities		5,528,590	5,542,023

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Consolidated statement of changes in equity
	Disclosure	Subscribed capital	Reserves		Other equity	Non-controlling interests	Equity
T€			Capital reserve	Revenue reserve
As of Dec. 31, 2018	VII.12	306,776	102,258	49,095	1,766,853	14	2,224,996
Group profit/loss for the year		0	0	0	177,842	5	177,847
Other comprehensive income		0	0	-3,863	9,128	0	5,265
Total comprehensive income		0	0	-3,863	186,970	5	183,112
Distributions		0	0	0	-30,000		-30,000
Transactions with shareholders		0	0	0	-30,000	0	-30,000
Effects of foreign currency translation		0	0	0	31	0	31
As of Dec. 31, 2019	VII.12	306,776	102,258	45,232	1,923,854	19	2,378,139
Group profit/loss for the year		0	0	0	-321,402	1	-321,401
Other comprehensive income		0	0	-1,207	9,884	0	8,677
Total comprehensive income		0	0	-1,207	-311,518	1	-312,724
Allocation to reserves		0	0	40,229	-40,229	0	0
Withdrawals from reserves		0	0	-52,861	52,861	0	0
Changes in reserves		0	0	-12,632	12,632	0	0
Effects of foreign currency translation		0	0	0	-453	0	-453
As of Dec. 31, 2020	VII.12	306,776	102,258	31,393	1,624,515	20	2,064,962

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Consolidated statement of cash flow
T€		Disclosure	2020	2019
	Total comprehensive income		-312,662	183,112
+	Deferred taxes not affecting profit or loss		2,007	793
+	Actuarial gains and losses		1,670	5,351
+	Cash flow hedging		-12,354	-11,406
	Changes due to foreign currency translation		-62	-3
	Group profit/loss of the year (EAT)		-321,401	177,847
	Result from companies accounted for using the equity method		1,812	-1,388
	Income taxes		-112,019	78,975
	Financial result		27,754	90,045
	Operating result (EBIT)		-403,854	345,479
	Depreciation and amortization		242,016	208,835
	Gains/losses from disposal of fixed assets		3,800	2,481
	Increase/decrease in inventories		9,426	1,710
	Increase/decrease in current receivables		33,626	-18,172
	Increase/decrease in liabilities		-34,507	-8,932
	Increase/decrease in employee benefits		54,415	9,031
	Increase/decrease in other provisions		1,848	-3,573
	Increase/decrease in other assets/liabilities not related to investing and financing activities		-21,200	-23,243
	Gross cash flow from operating activities		-114,430	513,616
	Net income taxes paid/received		-1,618	-84,542
	Cash flows from operating activities		-116,048	429,074
	Proceeds from sale of owner-occupied property, plant, and equipment		2,604	5,138
	Proceeds from sale of intangible assets		681	707
	Proceeds of distributions from associated companies		0	1,173
	Payments for investments in owner-occupied property, plant, and equipment		-387,809	-306,980
	Payments for investments in intangible assets		-2,857	-6,870
	Payments for investments in investment property		-379	-5,592
	Payments from acquisition of subsidiaries		0	-1,200
	Interest received		305	382
	Changes in connection to companies that are not fully consolidated		0	-275
	Changes in short-term deposits		100,782	40,679
+	Cash flow from investing activities		-286,673	-272,838
	Payments for distributions to shareholders	IX	0	-30,000
	Proceeds from borrowings	IX	515,850	71,111
	Repayments of borrowings from banks	IX	-96,899	-79,406
	Repayments of lease liabilities		-6,734	-4,903
	Repayments of financial liabilities from interests in partnerships	IX	-11,713	-36,919
	Cash flows from Group-wide cash management with associates and shareholdings	IX	4,231	-4,460
	Interest paid (excluding borrowing costs for qualifying assets)	IX	-23,330	-39,743
	Payments for borrowing costs for qualifying assets	IX	-8,543	-4,717
+	Cash flow from financing activities	IX	372,862	-129,037
	Change in cash and cash equivalents		-29,859	27,199
	Cash and cash equivalents at the beginning of the year		39,576	12,377
	Cash and cash equivalents at the end of the year		9,717	39,576

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