Key ratios of innogy Česká republika a.s. (Czech...EBITDA (CZK m) 14,380 Operating result (CZK m) 11,209 Profit before taxation (CZK m) 10,512 Profit after taxation (CZK m)

1

Key ratios of the innogy Group in the Czech Republic* in the structure reported within the Group,

prepared in accordance with the Group’s accounting manual

2016

Total sales (CZK m)** 43,878

EBITDA (CZK m)** 14,380

Operating result (CZK m)** 11,209

Profit before taxation (CZK m)** 10,512

Profit after taxation (CZK m)** 8,529

Investments (CZK m)** 4,675

Number of employees (converted to FTE) 3,858

* For the purposes of this Annual Report, the innogy Group in the Czech Republic is understood to include the following companies: innogy Česká republika a.s., innogy Energie, s.r.o., innogy Gas Storage, s.r.o., innogy Energo, s.r.o., innogy Grid Holding, a.s., GasNet, s.r.o., GridServices, s.r.o., innogy Zákaznické služby, s.r.o. ** The item includes aggregated data for the above companies, net of the most important transactions between them, net of income from investments in subsidiary and associated companies, and net of the proceeds from the sale of such investments.

Key ratios of innogy Česká republika a.s. (Czech Accounting Standards)

2016

Total sales (CZK m) 1,034

EBITDA (CZK m) 65

Operating result (CZK m) (85)

Profit before taxation (CZK m) 3,425

Profit after taxation (CZK m) 3,366

Investments (CZK m) 209

Number of employees (converted to FTE) 289

innogy Česká republika a.s. is hereinafter also referred to as “the Company” or “innogy Česká

republika”.

innogy Česká republika | Annual Report 2017

2

Key ratios of the innogy Group in the Czech Republic* in the structure reported within the Group,

prepared in accordance with the Group’s accounting manual

2017

Total sales (CZK m)** 42,661

EBITDA (CZK m)** 16,005

Operating result (CZK m)** 13,115

Profit before taxation (CZK m)** 12,848

Profit after taxation (CZK m)** 10,498

Investments (CZK m)** 4,742

Number of employees (converted to FTE) 4,029

* For the purposes of this Annual Report, the innogy Group in the Czech Republic is understood to include the following companies: innogy Česká republika a.s., innogy Energie, s.r.o., innogy Gas Storage, s.r.o., innogy Energo, s.r.o., innogy Grid Holding, a.s., GasNet, s.r.o., GridServices, s.r.o. and innogy Zákaznické služby, s.r.o. ** The item includes aggregated data for the above companies, net of the most important transactions between them, net of income from investments in subsidiary and associated companies, and net of the proceeds from the sale of such investments.

Key ratios of innogy Česká republika a.s. (Czech Accounting Standards)

2017

Total sales (CZK m) 2,016

EBITDA (CZK m) 279

Operating result (CZK m) 104

Profit before taxation (CZK m) 5,569

Profit after taxation (CZK m) 5,495

Investments (CZK m) 147

Number of employees (converted to FTE) 505

innogy Česká republika a.s. is hereinafter also referred to as “the Company” or “innogy Česká

republika”.


3

CONTENTS

1 The Chairman’s Statement _____________________________________________________ 4

2 Report of the Supervisory Board for 2017 _________________________________________ 6

3 Background ________________________________________________________________ 7

3.1 Identification _______________________________________________________________ 7

3.2 Information about Shareholders and Securities ____________________________________ 7

3.3 Governing and Supervisory Bodies ______________________________________________ 8

3.4 Persons Responsible for the Annual Report and for the Audit of Financial Statements _____ 10

4 Management Report for 2017 _________________________________________________ 12

4.1 Results ___________________________________________________________________ 12

4.2 innogy’s Business Activities in the Czech Republic __________________________________ 15

4.3 Communication Activities ____________________________________________________ 22

4.4 Human Resources __________________________________________________________ 24

4.5 OHS and Environmental Protection _____________________________________________ 25

4.6 Subsequent Events __________________________________________________________ 27

4.7 Outlook __________________________________________________________________ 27

5 Financial Part ______________________________________________________________ 30

5.1 Financial Statements ________________________________________________________ 30

5.2 Notes to the Financial Statements ______________________________________________ 35

6 Independent Auditor’s Report _________________________________________________ 54

7 Report on Relations for the Accounting Period of 2017 ______________________________ 56


4

1 The Chairman’s Statement

Ladies and gentlemen,

the year 2017 was very successful for innogy in the Czech Republic. It vindicated our decision to

associate our future with the new brand and the vision to be the energy leader. We are seeing that

our courageous bet on innovative products and services, digitalisation, and the eye-catching corporate

design has attracted customers and is gaining attention and popularity amongst them.

It continues to be true that we are successful in the competitive battle. Since 2013, we have cut the

gas price by as much as 25% in total, and thanks to this step innogy Energie has also retained its

position as the biggest player in the market. Both a stabilised customer portfolio and colder weather

contributed to our good results for 2017. We were also successful in the electricity market: having

signed some 70,000 new contracts, we confirmed our position as the fastest growing alternative

supplier.

With a view to pursuing innogy’s aspirations as a modern and innovative company, we continued to

broaden and improve the range of the products and services that we offer to our customers. We were

the first in the whole market to launch a truly smart product: a so-called consumption monitoring

‘guard’. We have developed a battery system for rooftop photovoltaic power stations which is

adjusted to the Czech way of electricity metering by phase, and started to robotise our administration.

New and more clearly laid out bills for energy supply, with a QR code for fast mobile payment, were

also beneficial: they show our effort to be responsive to customer needs and our agile approach to

their requirements and to new trends.

A significant part of the activities carried on by innogy in the Czech Republic is attributable to our

distribution companies. Their strategic role in supplying the population with natural gas is the reason

why we place such emphasis on the safety and reliability of distribution system operation. This is

supported by a number of our capital projects. One of them has resulted in the deployment of new

technology enabling gas pipeline repair from the inside. Nevertheless, more visible from the

customer’s perspective were the launch of a redesigned free web application Gas Distribution Online

and our technical assistance services for connecting to the distribution system. We also registered

thousands of new gas connections in the wake of the support we had provided to applicants for ‘boiler

subsidies’ as well as thanks to our active campaign.

In 2017, innogy Gas Storage put into operation a new connection between the Dolní Dunajovice gas

storage facility and the gas transmission system. The company, the largest storage system operator in

the Czech Republic, managed the extreme load well, in particular in January, an extremely frosty

month, when more than one half of gas supply for the whole country flowed from our gas storage

facilities.

innogy Energo registered increasing demand for compressed natural gas (CNG). The continued rollout

of the CNG fuelling station network across the Czech Republic also helped to increase CNG sales,

specifically by 20% year-on-year. The retrofit of the Náchod CHP plant also continued. We are


5

gradually replacing the current coal-fired district heating system with environmentally-friendly natural

gas, using high-efficiency combined heat and power generation.

The Czech Republic reported the lowest rate of unemployment in the European Union in 2017.

Its economic boom caused the labour market’s particularly high demand for workforce in all

professions. In line with our objective to be the employer of choice for the best talents and experts on

the market, we therefore initiated talks with trade unions. The result is an overall increase in the

income of employees in the innogy group in the Czech Republic by 18% on average in 2017-2020. This

exceptional decision constituted appreciation for our employees’ performance and clearly indicates

our good financial results in the Czech Republic, for which I would like to express thanks to all those

with whose contribution we were able to continue pursuing our vision.

Martin Herrmann

Chairman, Board of Directors


6

2 Report of the Supervisory Board for 2017

The Supervisory Board of innogy Česká republika had three members in 2017. In 2017, the Supervisory

Board continuously monitored the Company’s business activities and results and the Board of

Directors’ performance of its powers and responsibilities in the Company’s business activities. The

Supervisory Board reviewed whether the Board of Directors acted in accordance with generally

applicable legislation, the Company’s Articles of Association, and the decisions adopted by the sole

shareholder acting in the capacity of the General Meeting.

In 2017, the Supervisory Board held two ordinary meetings and had a quorum. Further, it adopted one

resolution ‘per rollam’. At its meetings the Supervisory Board discussed all matters for which it is

responsible under the relevant legislation, the Company’s Articles of Association, and the decisions

adopted by the sole shareholder acting in the capacity of the General Meeting, including the

documents that the Supervisory Board requested from the Board of Directors as part of its supervisory

activity. Members of the Board of Directors commented on these documents when they were

discussed by the Supervisory Board.

In performing its supervisory activity the Supervisory Board did not find anything inconsistent with

generally applicable legislation, the Company’s Articles of Association, or the decisions of the sole

shareholder acting in the capacity of the General Meeting.

On 9 March 2018, the Supervisory Board reviewed the Company’s financial statements for 2017,

the Board of Directors’ proposal for the distribution of profit for 2017, and the Report on Relations

for the accounting period of 2017. The Supervisory Board noted that the Company had not sustained

any damage caused by the operations described in this report, and it had therefore not been required

to compensate for such damage.

The Supervisory Board concluded that the financial statements give a true and fair view of the

financial position of the Company as at 31 December 2017, its financial performance and its cash flows

for 2017 in accordance with Czech accounting legislation.

The Supervisory Board recommends to the General Meeting to approve the financial statements for

2017 and the Board of Directors’ proposal for 2017 profit distribution.

The Supervisory Board expresses its gratitude to all employees for their work performed for

the Company in 2017.

Prague, 9 March 2018

Filip Thon Chairman, Supervisory Board


7

3 Background

3.1 Identification

Name: innogy Česká republika a.s.

Registered office: Praha 10 - Strašnice, Limuzská 3135/12, postcode 100 98

Company No.: 242 75 051

Legal form: Joint-stock company

Establishment and inception of the Company

innogy Česká republika a.s. was established on 25 September 2012 and is incorporated in the

Companies Register maintained by the Municipal Court in Prague, Section B, File 18556.

Company profile

Since 2013, innogy Česká republika has held the controlling role among innogy companies in the Czech

Republic. Through its subsidiaries, the Company carries out and coordinates business activities in

innogy’s four business lines in the Czech Republic. They are the following: innogy Energie, s.r.o., trade

in natural gas and electricity, innogy Grid Holding, a.s., natural gas distribution, innogy Gas Storage,

s.r.o., natural gas storage, and innogy Energo, s.r.o., heat generation and distribution, electricity

generation, and CNG use in transport.

As part of its activities, the Company provides the other innogy companies in the Czech Republic with

its specific managerial and technical expertise and services. These include, for example, the process

management service, including controlled document management, financial and risk management

services, controlling services, accounting, internal audit management, coordination of legal services

and regulatory affairs, IT services, services in the area of security and protection of people, property

and information, OHS services, internal and external communication services, human resources

management services, comprehensive corporate services, centralised sourcing services, and facility

management services, including office services.

Branch or other part of the business abroad

The Company does not have any branch or any part of its business abroad.

Research and Development

The Company does not carry out research and development of new products.

3.2 Information about Shareholders and Securities

As at 31 December 2017, the Company’s share capital was CZK 48,861,246,000. The Company has

issued 48,861,246 registered ordinary shares in certificated form, each with a nominal value of CZK

1,000. The sole shareholder changed two times in 2017. As of 5 December 2017, innogy Zweite

Vermögensverwaltungs GmbH, having its registered office at Opernplatz 1, 45128 Essen, Germany,

became the sole shareholder of innogy Česká republika. As of 13 December 2017, innogy

Beteiligungsholding GmbH, having its registered office at Opernplatz 1, 45128 Essen, Germany, has

been the sole shareholder of innogy Česká republika.


8

3.3 Governing and Supervisory Bodies

The Company’s Board of Directors as at 31 December 2017

Martin Herrmann

Chairman, Strategy & Communication

Born: 3 July 1967

Education: Westfälische Wilhelms-Universität, Münster, Economics

Membership of bodies of other companies: Member of the innogy SE Board of Directors; Chairman of

the innogy Grid Holding, a.s. Board of Directors; Chairman of the Essent N.V. Supervisory Board;

Member of the envia Mitteldeutsche Energie AG Supervisory Board

Any other business activities: None

Thomas Merker

Vice-Chairman, Finance

Born: 28 November 1971

Education: Friedrich Schiller Universität Jena, Economics; Julius Maxmilian Universität, Würzburg;

Université de Caen

Membership of bodies of other companies: Member of the innogy Grid Holding, a.s. Board of Directors;

Executive Director and Shareholder of MIP Merker Immobiliengesellschaft, s.r.o.;

Vice-Chairman of the Východoslovenská distribučná, a.s. Supervisory Board


The Company’s Board of Directors did not change in 2017.


9

The Company’s Supervisory Board as at 31 December 2017

Filip Thon

Chairman

Born: 17 July 1972

Education: Institute of Chemical Technology Prague, doctorate at VŠB-Technical University of Ostrava

Membership of bodies of other companies: Chairman of the innogy Polska S.A. Board of Directors


Maria-Theresia Elisabeth Thiell

Vice-Chairman

Born: 1 May 1959

Education: Westfälische Wilhelms-Universität, Münster, Doctorate in Law

Membership of bodies of other companies: Executive Director of innogy Hungária Kft. and innogy

Solutions Kft.; Chairman of the ELMŰ Nyrt and ÉMÁSZ Nyrt. Board of Directors; Chairman of the

innogy Polska S.A. Supervisory Board


Lenka Šimarová

Member

Born: 16 November 1964

Education: Brno University of Technology, Faculty of Mechanical Engineering

Membership of bodies of other companies: None


Changes in the Company’s Supervisory Board in 2017:

The term in office of Filip Thon, member and Chairman of the Supervisory Board, ended on 29 November 2017. The sole shareholder acting in the capacity of the general meeting elected Filip Thon to the Supervisory Board for another term in office with effect from 30 November 2017. The Supervisory Board elected Filip Thon as the Supervisory Board’s Chairman with effect from 30 November 2017.

The Company has granted the right of proxy to the following proxy-holders as of 31 December 2017:

Ms Erika Vorlová Mr Josef Benda Mr Martin Chalupský Mr Jiří Krtička Effective as of 6 April 2017, Kai Richter revoked the proxy that had been granted to him, and the right of proxy therefore terminated. Effective as of 30 April 2017, František Čech revoked the proxy that had been granted to him, and the right of proxy therefore terminated.


10

3.4 Persons Responsible for the Annual Report and for the Audit of Financial

Statements

Auditor and the audit company responsible for the audit of the financial statements of innogy Česká

republika a.s. for 2017

Audit company: Responsible auditor: PricewaterhouseCoopers Audit, s.r.o. Hana Valešová Hvězdova 1734/2c Evidence No 2004 140 00 Praha 4 Registered in the Register of Audit Companies with the Chamber of Auditors of the Czech Republic under Evidence No 021 Prague, 19 March 2018 Person responsible for accounting Lucie Čejková Senior Manager, Accounting Persons responsible for the Annual Report of innogy Česká republika a.s. for 2017 The undersigned hereby affirm that the disclosures in this Annual Report are true and that no material circumstances have been omitted or distorted.

Martin Herrmann Thomas Merker Chairman, Board of Directors Vice-Chairman, Board of Directors innogy Česká republika a.s. innogy Česká republika a.s.


11


12

4 Management Report for 2017

4.1 Results

Results of the innogy Group in the Czech Republic

Profit after taxation (under the Group’s accounting manual) of the innogy Group in the Czech Republic

amounted to CZK 10,498 million in 2017. Its profit before taxation amounted to CZK 12,848 million.

Revenues, expenses and profit of the Company

The Company’s financial results were significantly impacted by the national merger of the Company

(the acquiring company) and innogy Business Services CZ, s.r.o. (the acquired company). The acquired

company was a wholly-owned subsidiary of the Company.

For 2017, innogy Česká republika achieved a profit after taxation of CZK 5,495 million. Profit before

taxation amounted to CZK 5,569 million.

2017 (CZKm) 2016 (CZKm)

Operating result 104 (85)

Sales of products and services 2,016 1,034

Cost of sales (1,297) (671)

Staff costs (546) (300)

Value adjustments of fixed assets (41) (141)

Other operating expenses and income (28) (7)

Financial result 5,465 3,510

Tax on profit or loss (74) (59)

Net profit after taxation 5,495 3,366

The total operating income amounted to CZK 2,267 million and total operating expenses were

CZK 2,163 million.

The financial result amounted to CZK 5,465 million. This result was mainly achieved thanks to income

from long-term investments in the form of profit distribution amounting to CZK 4,861 million.

Structure of assets and liabilities and equity

Structure of assets

As at 31 December 2017, the Company’s total assets increased by CZK 1,891 million to CZK 76,993

million compared with 31 December 2016. Fixed assets decreased by CZK 447 million to CZK 60,189

million. The change is mainly due to a decrease in the Company’s investments by CZK 802 million and

an increase in loans and borrowings (up by CZK 299 million) in controlled entities.


13

Current and other assets increased by CZK 2,338 million and amounted to CZK 16,804 million

as at 31 December 2017. In the current assets category, short-term receivables increased by CZK 2,454

million year-on-year. Short-term receivables accounted for 97% of total current and other assets. The

increase in short-term receivables was mainly due to the larger volume of cash pooling receivables due

from companies in the innogy Group (up by CZK 1,973 million).

Financial assets showed a year-on-year decrease by CZK 120 million. Other assets, comprised of long-term receivables, and prepayments and accrued income, increased by CZK 5 million. Structure of assets (CZKm)

Structure of liabilities and equity

The Company’s equity grew by CZK 1,853 million to CZK 54,081 million as at 31 December 2017 and

accounted for 70% of the Company’s total liabilities and equity. The main reason for this growth in

equity is the improved result for the current accounting period, up by CZK 2,129 million.

Liabilities, accruals and deferred income amounted to CZK 22,912 million, and 55% of them were

short-term liabilities.

1 923

58 266

16 246

407151

31 December 2017

Tangible and intangible fixed assets

Long-term investments

Short-term receivables

Financial assets

Other assets

1 866

58 769

13 792

527147

31 December 2016

Tangible and intangible fixed assets

Long-term investments

Short-term receivables

Financial assets

Other assets


14

Structure of liabilities and equity (CZKm)

Risk management

At the Company, its Board of Directors is responsible for risk management.

The Company records all identified risks in the Risk Catalogue. All risks are also recorded in a matrix of

risks, which helps to identify the most serious risks in terms of the probability of their occurrence and

size of potential damage. For each risk, the risk owner is clearly defined and is responsible for

managing this risk. The Company covers the most significant risks with the help of insurance, hedging

transactions, caps on risk positions, provisioning, and the application of various preventive measures,

depending on the nature of each particular risk.

The business unit formed of the subsidiary companies innogy Energie, s.r.o. and innogy Energo, s.r.o.

has also set up a Risk Management Committee, the members of which are representatives of the

managements of the two companies. The Risk Management Committee mainly focuses on the

proactive management of the market and credit risks to which the companies are exposed when

trading in commodity markets and also when supplying energy and services to their customers.

The Company measures all derivatives at their fair value as at the balance sheet day. The Company

does not use hedge accounting.

54 081

63

12 625

10 061 162

31 December 2017

Equity

Provisions

Short-term liabilities

Long-term liabilities

Accruals and deferred income

52 228

46

12 589

10 073 165

31 December 2016

Equity

Provisions

Short-term liabilities

Long-term liabilities

Accruals and deferred income


15

4.2 innogy’s Business Activities in the Czech Republic

Natural gas and electricity trade

The year 2017 was marked by a further consolidation of the new brand, innogy, which has been

confirmed by the continued stabilisation of the portfolio of customers taking natural gas and the

continued growth of the portfolio of customers taking electricity, and also other successful projects

and products in non-commodity services.

New customers have signed up for the breakthrough solution for household consumption monitoring

in the form of the innosvět service, household insurance, and rooftop photovoltaic systems. In the

segment of Individually Operated Customers, new forms of cooperation were offered in advisory

services (for example, the iClever service) and primarily an innovative solution for industrial LED

lighting under the iSmart brand opened another successful stage in non-commodity services.

Intensively pursuing its business strategy, innogy Energie, s.r.o. was able to retain its market leadership

in natural gas sales; it also followed up on the dynamic growth of its electricity market share in

previous years. In 2017 again, innogy Energie was one of the most successful players selected by

customers when switching their supplier for a new partner.

As regards the temperature profile, with its average temperature of 8.61 °C (source: CHMI) 2017 was

again warmer than the long-term normal temperature, which is 7.89 °C. Nevertheless, the negative

impact of temperatures on the natural gas volumes sold was offset by the significantly higher

consumption in January, which was much colder than the long-term normal temperature and the

same month in preceding years.

Natural gas sales

In 2017, innogy Energie, s.r.o. sold 28,362,597 MWh of natural gas to its final customers. Compared

with 2016, the sales to final customers declined by 3,104,990 MWh (down by 10%), mainly due to

sales in the Large Customers category. The drop in sales in this category (down by 18%) is mainly

related to the loss of key accounts. The Small Customers category also registered a slight decline (by

1%), as did the Households category (by 0.4%).

Natural gas purchase

In 2017, natural gas purchase amounted to 29,200,153 MWh (largely from RWE Supply & Trading CZ,

a.s.; sourcing from other suppliers was insignificant). Compared with 2016, total procurement

decreased by 2,743,492 MWh, mainly due to lower sales.


16

Natural gas sales and purchase (MWh)

2017 2016

Sales to final customers Large Customers 14,198,086 17,225,232

Small Customers 3,258,508 3,291,997

Households 10,906,004 10,950,358

Total sales to final customers 28,362,597 31,467,587

Others* 600,555 494,998

Total sales 28,963,153 31,962,585

Total purchase 29,200,153 31,943,645

* Sale back (RWE Supply & Trading CZ, a.s. and OTE, a.s.) Note: The difference between purchase and sales reflects the balancing model of the market, which we internally call the trader’s imbalance.

Electricity sales

Electricity was sold to customers in three basic categories. The most important category continued to

be Large Customers, followed by Small Customers, Households (MOO), and Small Customers, Business

(MOP).

innogy Energie, s.r.o., sold a total of 2,637,918 MWh of electricity to its final customers. The quantities

sold to final customers surged by 15% year-on-year, mainly thanks to the continued organic growth of

the Small Customers, Households (MOO) portfolio.

Electricity purchase

In 2017, electrical energy purchase for final customers amounted to 3,251,025 MWh (largely from

Slovenské elektrárne, a.s., RWE Supply & Trading GmbH, and Sokolovská uhelná, právní nástupce, a.s.;

sourcing from other suppliers was negligible). Total procurement rose by 517,240 MWh compared

with 2016.

Electricity sale and purchase (MWh)

2017 2016

Sales to final customers Large Customers 1,626,027 1,390,408

Small Customers (business)

202,006 173,302

Small Customers (households)

809,884 732,852

Total sales to final customers 2,637,918 2,296,562

Others * 625,165 487,649

Total sales 3,263,083 2,784,211

Total purchases 3,251,025 2,733,785

* Resale to other traders and OTE, a.s. Note: The difference between purchase and sales reflects the balancing model of the market, which we internally call the trader’s imbalance.


17

Marketing activities

Without exaggeration, the year 2017 can be called the year of innogy and continued re-branding.

While in 2016 the Marketing department of innogy Energie, s.r.o. presented the new innogy brand to

all customers, both current and prospective, in 2017 it continued to promote it through support for

the values offered and embodied by the new brand. Let’s remember that innogy is an acronym

composed of three important words, the combination of which is the expected basis of our continued

business success in the Czech Republic and in Europe. The words are innovation, technology, and

energy. Fusing them to form innogy makes it very clear that it will be the technology and innovation

leader in the energy world, offering its customers products and services that will make their everyday

life easier and more pleasant.

Evidence of this strategy, pursued in 2017, can be seen primarily in the new and unique Consumption

Monitoring service (launched in September 2017), which includes the innosvět mobile application and

an energy consumption sensor based on the Internet of Things (the whole service is hereinafter

referred to as innosvět). innosvět is a new form of service, thanks to which the traditional energy

sector expands beyond its original realm and starting to offer customers its own services with a high

added value. What does the innosvět service actually involve? For the first time ever, customers have

been given an opportunity to keep energy consumption in their households fully and continuously

under their control, including predictions of consumption. The consumption sensor installed on the

gas meter can send current consumption data to innogy at regular intervals for further processing.

Together with the new innosvět mobile application, the sensor provides customers with continuous

online information about gas consumption. It offers them, particularly when an underpayment for the

current billing period is expected, an immediate response preventing unexpected energy

underpayments. The innosvět application, available for the Android and iOS mobile platforms, also

offers a number of other functionalities and useful gadgets.

innogy’s new communication style that compares two selected historical periods, presenting all the

benefits of the new service using the contrast resulting from the comparison, was the basis for

introducing the innosvět service. The Marketing department developed the new communication style

in the first half year to replace the Jarmil’s Family stories that had been used until then; they were,

after all, too closely tied to the original RWE brand. The results of the new form of communication to

date (AdTrack 1/2018) vindicate the change, proving that both customers and employees have

positively reacted to this new form of communication. In 2017, Marketing of innogy Energie, s.r.o.,

working together with the Company’s Corporate Affairs, also continued in its support for the

partnership with the Czech Lion awards through an accompanying advertising campaign with a popular

group of actors and audience appeal. This time, the cast was directly associated with that of Anděl

Páně 2 (Angel of the Lord 2), a sequel to a popular fairy tale, which is part of the long-term Energy of

Czech Film sponsorship project.

Naturally, support for all other products and services continued in 2017. Earlier launched services and

products with a higher added value, such as household insurance policies offering customers a high

level of coverage for their households and featuring quick compensation payments and the lease of

economical LED bulbs and smoke and carbon monoxide detectors, were further promoted. New

services were also launched: the installation of rooftop photovoltaic systems and special incentives


18

offering electric bicycles at low prices. In the sale of conventional commodities, the offer of innovative

pricing products (mainly within the CRM system) was continued and support was provided to a further

simplification of customer service processes, in particular regarding digitalisation. During the year, the

implementation of a new CMS, called SiteCore, was prepared and additional online services such as

prepisenergii.cz and innogy24.cz were developed.

The Marketing department of innogy Energie, s.r.o. also supported the branch network and sought to

improve the footfall in the branches. In 2017 it therefore launched a unique book series, The innogy

Library; exclusive publications written by pre-eminent personalities of Czech culture (Václav

Postránecký, Tereza Kostková and others) were released as part of this book series. Customers could

receive one of these books as an exclusive gift for signing a contract or an addendum to a contract. In

case of their interest, we also offered them the opportunity to have the book signed by the author at

one of the autograph sessions organised right at our branches. The second half of the year also saw

the start of the preparations for the pilot redesign of the Ostrava branch. The key objective of this

project is to make the ambience of the customer centre more attractive and offer an experience

comparable with that of calling on a sales or technology “boutique”.

Natural gas distribution

In natural gas distribution, GasNet, s.r.o. operates a distribution system serving an area, defined in its

licence, which is the largest in the Czech Republic in terms of the area covered by and the length of the

operated gas pipelines. A distribution system operator’s key obligations include providing for the safe,

reliable and economical operation and the maintenance, replacement and development of

the distribution system in the delineated area, while gaining funds for these activities by selling

distribution capacity. Natural gas distribution is subject to regulation; in particular the Energy

Regulatory Office (ERO) oversees distribution system operators’ non-discriminatory approach. The ERO

also sets out the gas distribution charges and approves distribution system operators’ grid codes, and

adjudicates any disputes between market participants.

As at 31 December 2017, the system served 2,297,867 supply points. Although the number of supply

points declined by 1,535 year-on-year the natural gas quantity distributed in 2017 increased by about

3.5% to 73 TWh.

The Online servis PDS [DSO Service Online] application continued to be the main communication

channel between the distribution system operator and distribution network users. Compared with the

preceding period, a relatively significant increase was registered for all indicators of the utilisation of

the application. The number of logins into this application was a record, almost 149,000 in 2017, i.e.

408 logins per day on average. End users submitted 334,000 requests related to distribution capacity

booking (915 requests per day on average) and 185,000 readings (507 readings per day on average)

via the application.

A new feature implemented in the Online servis PDS application in 2017 is the option for the user to

plan the specific date for servicing jobs involving the installation and dismantling of metering

instruments. The deployment of this functionality has enhanced comfort on the part of customers; in

most cases, the customer is in direct contact with the sales person and can therefore plan already at


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this stage, through the sales person, the specific date for metering instrument installation or

dismantling, immediately knowing the free dates available for this service.

In the Distribuce plynu online [Gas Distribution Online] application, primarily intended for submitting

applications for connection to the distribution system in all customer categories, applications for

opinions on non-gas construction projects, requests to check available capacity and requests for vector

data, has been modified in terms of the provision of topographies to applicants in the Contractor

category (construction firms). Solely External Topography Managers are now providing topographies

to applicants. The total number of requests and applications submitted through the Distribuce plynu

online application rose to 256,000.

As in preceding years, in 2017 customer systems were further developed to match the requirements

of the evolving gas market and to help support new services.

A major innovation in 2017 was the launch of a service that simplifies and expedites the re-connection

of supply points. Customers can now place orders for the verification of the technical condition of

their gas consuming equipment/appliances; this service is then carried out as part of supply point

connection. This eliminates the need to arrange for the verification of the technical condition of the

gas consuming equipment/appliance, including the relevant certificate, with a third-party entity in a

separate step before gas meter installation. The new service is intended for all customers in the

category of small customers and households (MODOM), who are re-connecting following prior

disconnection, provided that no more than six months have passed from the disconnection date.

The legislative requirements under Regulation (EU) 2016/679 of the European Parliament and of the

Council (General Data Protection Regulation, GDPR), the purpose of which is to tighten the rules for

personal data protection, have precipitated heavy impacts on information systems. Because of

the voluminous nature of the issue GDPR implementation is being addressed by the Company in a

separate project, which will extend into 2018.

In the spirit of the latest trend of using mobile applications, customers were provided with a mobile

application for collecting meter readings; for MODOM customers, the application helps to transmit

data on gas consumption at their supply points, both data on their reference self-readings and data on

readings taken for the purpose of extraordinary billing, very conveniently.

The new services that provide customers with a better picture of their off-take profile and the status

of the distribution system include the sending of informative text messages on the overstepping of

their booked distribution capacity and the service (which is being prepared) of sending informative

text messages in case of unplanned outages of the distribution system.

Preventive measures to avoid illegal off-takes continue to be sought proactively. For this purpose a

pilot project called Smart Metering has been launched, whereby a gas meter featuring a function of

gas supply cut-off via remote transmission is installed at supply points that have been repeatedly

disconnected for illegal gas off-takes. In the light of the favourable experience, the gradual rollout of

this type of gas meters can be expected in the coming years.

Representatives of GasNet, s.r.o. also participated in European DSOs’ joint activity concerning the

monitoring and evaluation of methane emissions from distribution systems with a view to developing


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a standardised European methodology for methane emission evaluation in the operation of up to

1.5MPa natural gas distribution systems.

In 2017, GasNet, s.r.o. continued to increase its investment activity somewhat, chiefly focusing on

enhancing the safety and reliability of the distribution infrastructure. Investment in tangible assets rose

to CZK 3,845 million; investment in intangible assets also rose slightly year-on-year, and amounted to

CZK 123 million.

The largest part (CZK 3,397 million) of these funds is being channelled into the renovation of

the distribution system due to the extent of the distribution network and its age: a part of the system

has been developed since the 1940s.

The investment plans for network upgrades are always subjected to a multi-criteria assessment based

primarily on the overall optimisation of the network, the underlying design of which reflects the

specific demand for gas at each particular site. When implementing these plans, the company

successfully coordinates construction work with other utility infrastructure managers, which helps to

cut costs and mitigate the negative impacts of refurbishment on citizens in the affected localities.

CZK 67 million was spent on acquiring new networks, and the downward trend in these acquisitions

therefore continues; the trend began to be felt in previous years and is attributable to the high level of

gas supply penetration achieved in our distribution area. Establishing easements over operated gas

pipelines also incurs a significant part of financial costs, specifically CZK 79 million in 2017.

In the intangible assets category, investments were mainly channelled into information system

security, compliance with the cyber security law, preparations for GDPR, and software support for

field workers in capital construction. Some of the intangible asset expenditure was spent on preparing

general development plans for the areas in question.

In 2017, R&D mainly focused on issues related to improving the efficiency and safety of the operation

of the distribution system and also the development of digitalisation. Specific examples include the Air

Screening project based on the principle of the remote sensing of the Earth. From above, at distances

ranging from tens of metres to hundreds of kilometres, the surroundings of distribution gas pipelines

can be scanned; the operating conditions such as gas leakages and activities in protection and safety

zones can subsequently be evaluated. When testing selected equipment in the field, its capabilities

and limits were assessed as part of preparing the conditions for its potential deployment in practical

operation. The completion of testing in one of the phases of the Building Information Modelling (BIM)

project, focused on digitising the input information for gas regulating stations, continued in 2017 using

360° software applications. The results of the testing yielded to date create realistic conditions for the

future satisfaction of the requirements for digitalisation in relation to the changes being prepared as

part of the state administration’s strategy. Another important area was preparations for natural gas

greening, which in practice means injection of renewable gases, including those based on biomethane,

into the distribution system. GasNet, s.r.o. has therefore actively joined a European project managed

by GERG (The European Gas Research Group), the objective of which is to specify the conditions for

the development of harmonised EU legislation. A very important parameter of renewable gases is

their quality specs, which was also a focus of this project. The process, now already organised on a


21

regular basis, of monitoring new technologies and energy market developments, and also the target

areas for preparing and awarding new research projects, continued in 2017.

Natural gas storage

innogy Gas Storage, s.r.o., a wholly-owned subsidiary of innogy Česká republika, operates six

underground gas storage (UGS) facilities at Dolní Dunajovice, Lobodice, Štramberk, Třanovice,

Tvrdonice and Háje. Their storage capacity totals 2.7 bcm. The first five of these UGS facilities are

situated in northern and southern Moravia, where natural geological structures, originally containing

natural accumulations of natural gas and oil, are used for gas storage. The only exception is the

Lobodice plant, which was developed in an aquifer by displacing water from porous rock. The Háje UGS

facility serves for covering peaks in natural gas demand of the industrial centres in the Central

Bohemian Region and in Prague; an excavated underground cavern has been used for gas storage

there for more than 19 years.

In operating its UGS facilities, innogy Gas Storage, s.r.o. focuses on the efficiency, reliability, availability

and flexibility of its services while ensuring a high standard of safety at work and in operations.

In 2017, innogy Gas Storage, s.r.o. carried out capital projects under the approved investment plan. It

acquired assets valued CZK 322 million, mainly in connection with improving operating safety and

reliability.

Storage capacity sales

In 2017, innogy Gas Storage, s.r.o. offered all of its services in a transparent and non-discriminatory

manner to 23 storage customers from six EU countries.

In 2017, innogy Gas Storage, s.r.o. achieved the same record number of storage capacity auctions

when it offered various combinations of working gas volumes and withdrawal/injection capacities, as

well as separate storage capacities and separate withdrawal/injection in 16 auctions. Customers

increasingly used non-standard products, including interruptible daily capacities.

Heat supply, CNG in transport, and electro-mobility

innogy Energo, s.r.o. primarily follows two core business lines. One is establishing, modernising and

operating district heating and local heat supply systems and electricity generation, including

arrangements for financing. The implementation usually takes the form of comprehensive projects for

modernising district heating systems using cogeneration units.

The other, and equally important, core business line is the rollout and operation of CNG fuelling

stations and CNG sales in transport. In 2017, innogy Energo, s.r.o. already operated more than 20 CNG

fuelling stations and it continues to prepare new sites for additional CNG stations with a view to

increasing their number by at least 15 new stations in the next two years. Leveraging the company’s

proprietary technology know-how for CNG station installation is considerably contributing to this

effort.


22

innogy Energo, s.r.o. also pursues business in electro-mobility, for which it has prepared a

comprehensive offer of products and services centred on charging stations. The first projects have

been carried out in this segment and innogy Energo is also set to roll out a backbone network of public

ultra-fast charging stations.

In 2017, the implementation of projects for optimising district heating operations based on high-

efficiency combined heat and power generation dominated in the area of thermal and electric energy

generation and distribution. These primarily included the completion of the installation and

commissioning of a new cogeneration unit in the town of Rumburk, the installation of a cogeneration

unit in a part of the town of Beroun, where the connection of new residential development projects to

district heating is also being prepared, and the completion of the first stage of the decentralisation of

the heat supply system in the town of Nymburk.

For the largest CHP operation of innogy Energo, s.r.o., the Náchod CHP plant, which has been

completely retrofitted, 2017 was a breakthrough year. Coal burning was definitively discontinued in

the operation and only natural gas fired boilers are producing heat now. The conversion to natural gas

has profoundly greened up the entire operation while the district heating system has been completely

modernised as a whole with a view to reducing heat distribution losses.

As regards marketing and communication activities innogy Energo, s.r.o. has put in place, in the heat

and power generation and distribution segment, a strategy for approaching potential customers

amongst municipalities and in the commercial sphere. For CNG, its activities mainly focused on

educational events targeting firms and businesses in locations with recently opened CNG fuelling

stations, also including presentations of new web and mobile applications.

4.3 Communication Activities

In 2017, the Company’s Corporate Affairs coordinated and arranged most of the internal and external

communication activities for innogy companies in the Czech Republic, in particular the completion of

the re-branding process. Thus, internal and external communication was largely centred on

communicating the new innogy brand, and also on presenting new and innovative products and

services.

The year 2017 was the twelfth season of the Energy of Czech Film sponsorship project. We supported

the following feature films: Rodinný přítel (Family Friend), Dezertér (Deserter) and Nápadník (Suitor)

from the Zahradnictví (Garden Store) trilogy of Director Jan Hřebejk, a new film made by the Svěrák

father and son duo, Po strništi bos (Barefoot), and Director Miroslav Krobot’s comedy Kvarteto (The

Quartette). Documentaries also strongly featured in the film sponsorship project. Support was

provided to footage on Vladimír Míšík, Petr Zuska, and the collaboration between conductor Daniel

Barenboim and the Prague Spring International Music Festival. This festival has long been an

inseparable part of the Company’s sponsorship activities.

In addition to our partnership with the Karlovy Vary International Film Festival and Czech Film Review

Awards, the Energy of Czech Film project also includes long-standing sponsorship of the FILM

FOUNDATION, i.e. backing for talented scriptwriters. The Company contributed to the system of in-


23

house grants at the Film and Television Faculty of the Academy of Performing Arts in Prague. For

innogy Energie, s.r.o., the Company’s Corporate Affairs set up an advertising alliance with the Uherské

Hradiště Summer Film School, with Barrier-free Cinema on the occasion of the 52nd Karlovy Vary

International Film Festival, and a joint partnership for the 24th edition of The Czech Lion Awards. For

innogy Energo, s.r.o., general partnership with Cena Trilobit Beroun (the Beroun Trilobite Awards) was

arranged.

The long-term Energy of Czech Skiing sponsorship project entered into its 13th season at the end of

2017. Together with innogy Energie, s.r.o., the Company supports 13 ski resorts across the country.

Before the new season, we raised the profile of the innogy brand in the Svatý Petr ski resort in

Špindlerův Mlýn and in the SkiResort Černá hora ski resort in Pec. The Company continued to promote

safe skiing in Czech mountains by installing information and safety elements.

The long-term cooperation with ski resorts brings benefits for all innogy Energie customers who hold

the innogy Card. Cardholders can, among other things, receive a 20% discount on one-day adult ski

passes and a 10% discount on family ski passes at the entrance to ski resorts.

The eight-year partnership with Czech Television’s highly rated reality show called S ČT sport na vrchol

(All the Way to the Top with Czech Television Sport), geared towards seeking out skiing talents amongst

amateurs, continues in the 2017/2018 skiing season. The Company again helped to sponsor the

careers of young skiers at Sportovní gymnázium [a grammar school promoting sports] in Vrbno pod

Pradědem and Sportovní akademie [Sports Academy] in Špindlerův Mlýn.

In respect of financial donorship, in 2017 the Company’s key partners included the Nadace Naše dítě

foundation, the Nadace Charty 77 foundation – Konto Bariéry, the Nadace ADRA foundation, and the

ŽIVOT 90 registered institute. Through these charities, the Company allocated CZK 6 million.

In September 2017, Corporate Affairs organised Summer Sport Games for the employees of all innogy

companies in the Czech Republic. For some companies, Corporate Affairs arranged employees’ work

and social events in the regions. innogy companies’ employees could attend one of the première Po

strništi bos screenings at the end of the summer holiday months.

Our employees’ social commitment was again boosted through the innogy Companius long-term

project. It is conditional on employees’ active volunteering for a non-profit organisation that innogy

companies in the Czech Republic will support in financial or even organisational terms. In 2017, innogy

Companius worked with a total budget of CZK 1.7 million (allocated to 81 projects), and the

Company’s share amounted to CZK 1 million. The funds were mainly channelled into assistance for

sport, cultural and educational activities and also social purposes. Employees of innogy companies in

the Czech Republic actively helped during various events, such as the Prague Wheelchair Sports Club’s

Floorball Benefit Tournament, the autumn clean-up at the Paraple Centre, and the Christmas party for

elderly citizens organised by Život 90 every year.


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4.4 Human Resources

In 2017, Human Resources focused on streamlining personnel management processes and improving

HR service provision in all innogy companies in the Czech Republic. The strategic objectives included

digitising the personnel agenda, identifying and supporting internal talents and employees in critical

positions, enhancing the Employer Brand, and also employee development and training and support

for talent. The common denominator of all Human Resources projects and activities was boosting

innogy’s good reputation as a stable, modern and innovative employer, and also support for innogy’s

commercial activities.

Last year, several major events were organised under Human Resources’ auspices, primarily on topics

of the innogy style project. It combines flexible forms of working and a personalised approach to

employees and their needs. As in preceding years, events called Brain and Breakfast, Diversity Talks,

i.e. Breakfast with…, attracted great interest. Employees had opportunities to meet interesting

personalities from science, culture, industry, sport and healthcare. In 2017, innogy was awarded as a

Family Friendly Firm. The recognition highlighted overall personnel policy in relation to employees on

maternal and parental leave and their re-integration into working life. The innogydoma platform via

which mothers and fathers on parental leave communicate with their employer was also recognised.

Human Resources were actively dedicated to the diversity programme again in 2017.

Regarding the cooperation with universities and student organisations, the Company took part in

several job fairs across the country, for example, the Career Days. August 2017 saw the successful

completion of the Trainee Programme for 2016-2017. Many graduates have found employment in

some of innogy companies in the Czech Republic. In 2017, Human Resources significantly broadened

the range of goods and services available in the electronic application for employee benefits, the

Benefit Portal. Additional bargain offers for innogy employees were obtained, primarily from suppliers

in tourism and services. Employees had an opportunity again to donate their benefit points for

charitable purposes in 2017.

Staffing levels

As at 31 December 2017, the innogy Group in the Czech Republic had 4,082 employees, of whom

the Company employed 505 as at the same date.

Wages

Wage levels continued to develop in accordance with the principles and arrangements agreed in

the Collective Agreement and Company management’s plans and intentions for human resources.

Development and remuneration

As the previous years, 2017 again saw the Annual Staff Performance Reviews (appraisals) and

Development Plan Design for all innogy employees in the Czech Republic. The sophisticated system of

training devotes great attention to upgrading employees’ professional qualifications and to their

personal development, employing the 70:20:10 model. This ratio refers to the fact that knowledge

does not mean practical skills, and we should therefore not rely only on the traditional forms of

development such as seminars and e-learning, to which we should allocate only 10% of the time


25

dedicated to personal and professional development. The key is to use new knowledge in practice

(70%) and receive feedback and recommendations from colleagues and managers (20%).

This model is also based on two pillars: (a) the personal responsibility and initiative of every employee

and his/her line manager, (b) effective combinations of various forms of development for acquiring

certain skills. Human Resources have a consultant’s role and guarantee the process and offering of

development activities.

Managers could also go through thematic workshops, called innovinky (formerly HR packages) in

Prague, Brno and Ostrava, while employees received information via the intranet and an educational

screen saver.

In 2017, innogy companies in the Czech Republic spent CZK 33.47 million on education and

development, which was 1.74% of the payroll costs (excluding severance pay and other one-off

rewards). In 2017, 18,980 educational events were held, attended by 4,232 employees. The total

number of participants in all educational events was 31,469. Of the above amount, the Company spent

CZK 10.92 million on education and development in 2017, i.e. 3% of its payroll costs. It organised 3,289

educational events with 541 employees attending. The total number of participants in all educational

events organised by the Company was 3,774.

Social policy

The Company performed its obligations under the Collective Agreement signed for the period from

1 January 2016 to 31 December 2018. This Collective Agreement was signed with Odborový svaz SOS

Energie [SOS Energy Trade Union], Sdružení základních organizací Odborového svazu UNIOS innogy

[Association of Branches of the UNIOS innogy Trade Union] and ECHO Teplárna Náchod in January

2016.

Although the Collective Agreement was in effect until the end of 2018, revisions were negotiated by

the Company's management and trade union representatives in the second half of 2017. The decision

was made in consideration of the favorable business performance of innogy in the Czech Republic and

our commitment to be an employer of choice for the best talents and experts on the market. The

negotiated amendments mainly include higher wages and improved working conditions in the

forthcoming years.

4.5 OHS and Environmental Protection

Occupational health and safety

The Company continued to focus on promoting the OHS culture. In 2017 workshops were again

organised for managerial personnel to enhance their positive influence on the OHS culture.

A mobile application for reporting safety walk-through inspections and interviews was also put into

operation; it is guiding us in the digitalisation direction in respect of OHS as well. The application also

helps employees to report defects in workplaces, near misses, and occupational injuries.


26

A number of activities also focused on compliance with the requirements of legislation. To this end,

the categorisation of work was updated and documents on fire protection, OHS, and environmental

protection rules were revised.

One of the key OHS indicators is LTIF (Lost Time Injury Frequency, i.e., the incidence of occupational

injuries resulting in incapacity for work for more than one day per million hours worked). The target for

2017 was LTIF lower than 1.85, including injuries to suppliers’ employees. The actual LTIF rate was 2.01

for all innogy companies, including occupational injuries on the part of suppliers. In total, 15

occupational injuries resulting in incapacity for work occurred in the innogy Group in 2017, of which

one in the Company. The most frequent causes of injuries were slipping, tripping, and falling. At

GridServices, s.r.o., a fatal traffic accident occurred towards the end of the year. The culprit of the

accident had not been identified by the date of this Annual Report.

Environmental protection

Environmental protection is very high on the agenda of innogy Česká republika and is covered in all of

its activities, processes and decisions. The managements of innogy companies in the Czech Republic

adopted a new Environmental Protection Policy in 2017.

In relation to a long-term environmental target, i.e. reducing NOx and CO emissions, GridServices,

s.r.o. and GasNet, s.r.o. focused on upgrading the air pollution sources in gas pre-heating at gas

regulating stations.

To mitigate the negative environmental impacts caused by the operation of underground gas storage

facilities, innogy Gas Storage, s.r.o. carried out active measures to protect biotope and to promote

biodiversity. In cooperation with Agentura ochrany přírody a krajiny [Nature Conservation Agency of

the Czech Republic] it continued in the Living Islands project – the planting of new trees and bushes as

replacement for those that had to be felled and cut in the safety and protection zones to ensure safe

operation.

innogy Energo, s.r.o. continued to upgrade the operation of CHP plants and heat supply substations,

primarily the CHP operation in Náchod. In May 2017, this CHP plant stopped coal burning and now

produces heat using solely natural gas boilers.

innogy Energo, s.r.o. continued investing in CNG station network rollout. CNG vehicles feature zero

emissions of sulphur, particulate matter, and aromatic hydrocarbons, and are therefore

environmentally friendlier.

innogy Energie, s.r.o. and GasNet, s.r.o. are the entities that are subject to the commitments arising

from the environmental agreements with the Ministry of Finance of the Czech Republic; these

agreements provide for the defrayal of the costs incurred in honouring environmental commitments

established before the privatisation. These include old environmental pollution caused by earlier town

gas production plants operated by the former state-owned company. In Karlovy Vary, one of the most

extensive remediation projects for old environmental pollution was started in September.

The other innogy companies in the Czech Republic had only negligible environmental impacts thanks

to their trading and administrative operations. The year 2017 did not see any environmental


27

emergency or event having a negative impact on the environment in the operations of innogy

companies.

4.6 Subsequent Events

No events with a major impact on the assessment of the Company’s business had occurred by the date

of this Annual Report.

On 11 March 2018, RWE AG and E.ON SE announced that they had reached agreement on the basis of

which RWE AG would sell its 76.8% stake in innogy SE to the E.ON Group. They also stated that a

binding contract had not yet been signed and that the agreement included an exchange of parts of

assets between the two companies. innogy SE is the controlling company of the innogy Group, the

structure of which also includes innogy Česká republika a.s.

4.7 Outlook

The year 2018 will be marked by the continued building of the innogy brand in the Czech market, not

only as a supplier of traditional energy services but also, and primarily, as a supplier of a continuously

widening range of non-commodity products and services. innogy Energie, s.r.o. will continue to focus

on comprehensive energy solutions based on the maximum use of new information technology and to

digitalise services, and will further build on the successful foundations laid in recent years (including

industrial lighting systems, rooftop PV systems, etc.).

For household customers, we have prepared attractive commodity products, the main objective being

to retain and develop our current customer portfolio; dynamic development in digitalisation, in

particular the next developmental stages of the innosvět product, is also a priority in this segment.

Going forward, innogy Gasnet, s.r.o. will continue in enhancing the safety and reliability of natural gas

supply to customers. This policy entails a gradual increase in the planned capital expenditure on the

renovation of the distribution system. In 2018, capital expenditure on renovation is planned to exceed

CZK 3,400 million. When planning all capital projects, an essential factor is the economic aspect of

system operation. All capital projects are carried out in line with efforts to increase the long-term

competitiveness of natural gas as an energy commodity for decades to come. This mainly consists in

improving the efficiency of gas distribution, thereby optimising the grid operation cost to the

distributed gas quantity ratio and, in turn, the grid’s economy.

The high standard of safe operation will be maintained, primarily through the continued elimination of

technical risks as an inseparable part of the planned renovation of the grid. This will also be supported

by the new predictive model for selecting the gas installations for renovation; the model respects

experience with the development of the failure rate of each piece of equipment and so helps to

allocate funds as effectively as possible with a view to minimising leakages.

The key objectives of distribution system development include support for projects that help to

improve the efficient and economical operation of the various sites, such as housing and industrial

construction, and also support for strategically important projects such as the rollout of CNG stations.


28

In this respect, a great emphasis is also placed on unused gas service pipes. The plan is to arrest the

trend of their increasing numbers and to gradually bring them back to life again.

innogy Energo, s.r.o. will continue to roll out the CNG fuelling station network so as to be able to offer

its services in new regions. It will also continue to work on popularising CNG as a major alternative fuel

contributing to transport greening while also offering an appreciable benefit in fuel cost savings.

Besides CNG, innogy Energo, s.r.o. started to promote its services in electro-mobility. It will develop its

offer to install charging stations at customers while preparing its own portfolio of public charging

infrastructure, all of this in line with innogy’s overall strategy.

The optimisation and modernisation of district heating systems will also continue with a view to

providing for a competitive range of services in this sector as well. In addition to upgrading the current

operations we will also identify new acquisition opportunities and carry out solutions for new

customers, including the potential acquisition of existing operations from their original owners.

Gas storage prices have been low throughout Europe for several years, and so the medium-term

outlook for innogy Gas Storage, s.r.o. remains constant.

In respect of internal processes, innogy is facing the challenging implementation of the legislative

requirements related to GDPR.


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5 Financial Part

5.1 Financial Statements

Company name: innogy Česká republika a.s. Identification number: 24275051 Legal form: joint stock company Primary business: provision of services to innogy companies in the Czech Republic Balance sheet date: 31 December 2017 Date of preparation of the financial statements: 12 February 2018

BALANCE SHEET (in thousand Czech crowns)

Ref. ASSETS Row 31.12.2017 31.12.2016

a Gross Provision Net Net

b c 1 2 3 4

TOTAL ASSETS 001 80,552,224 (3,559,389) 76,992,835 75,101,380

B. Fixed assets 003 63,747,937 (3,559,389) 60,188,548 60,635,500

B. I. Intangible fixed assets 004 974,689 (949,826) 24,863 32,618

B. I. 2. Royalties 006 963,900 (949,363) 14,537 32,533

B. I. 4. Other intangible fixed assets 010 824 (463) 361 85

B. I. 5. Advances paid and intangible fixed assets in the course of construction 011 9,965 - 9,965 -

B. II. Tangible fixed assets 014 4,507,725 (2,609,563) 1,898,162 1,833,802

B. II. 1. Land and constructions 015 3,701,843 (1,940,310) 1,761,533 1,778,585

B. II. 2. Equipment 018 779,432 (669,253) 110,179 50,033

B. II. 4. Other tangible fixed assets 020 1,151 - 1,151 1,151

B. II. 5. Advances paid and tangible fixed assets in the course of construction 024 25,299 - 25,299 4,033

B. III. Long-term investments 027 58,265,523 - 58,265,523 58,769,080

B. III. 1. Investments - subsidiaries and controlling party 028 48,343,095 - 48,343,095 49,145,241

B. III. 2. Loans and borrowings - subsidiaries and controlling party 029 9,922,428 - 9,922,428 9,623,839

C. Current assets 037 16,661,993 - 16,661,993 14,343,182

C. II. Receivables 046 16,255,428 - 16,255,428 13,815,834

C. II. 1. Long-term receivables 047 9,033 - 9,033 23,734

C. II. 1. 4. Deferred tax asset 051 8,903 - 8,903 23,513

C. II. 1. 5. Receivables - other 052 130 - 130 221

C. II. 2. Short-term receivables 057 16,246,395 - 16,246,395 13,792,100

C. II. 2. 1. Trade receivables 058 417,549 - 417,549 137,288

C. II. 2. 2. Receivables - subsidiaries and controlling party 059 15,395,276 - 15,395,276 13,422,679

C. II. 2. 4. Receivables - other 061 433,570 - 433,570 232,133

C. II. 2. 4. 3. Taxes - receivables from the state 064 34,195 - 34,195 38,692

II. 2. 4. 4. Short-term advances paid 065 20,220 - 20,220 28,540

C. II. 2. 4. 5. Estimated receivables 066 378,860 - 378,860 164,656

C. II. 2. 4. 6. Other receivables 067 295 - 295 245

C. IV. Cash 071 406,565 - 406,565 527,348

C. IV. 1. Cash in hand 072 13 - 13 1

C. IV. 2. Cash at bank 073 406,552 - 406,552 527,347

D. Prepayments and accrued income 074 142,294 - 142,294 122,698

D. 1. Prepaid expenses 075 88,191 - 88,191 78,042

D. 3. Accrued income 077 54,103 - 54,103 44,656


31

Ref. LIABILITIES AND EQUITY Row 31.12.2017 31.12.2016

a b c 5 6

TOTAL LIABILITIES AND EQUITY 078 76,992,835 75,101,380

A. Equity 079 54,081,171 52,228,065

A. I. Share capital 080 48,861,246 48,861,246

A. I. 1. Share capital 081 48,861,246 48,861,246

A. II. Share premium and capital contributions 084 (275,316) 692

A. II. 2. Capital contributions 086 (275,316) 692

A. V. Profit / (loss) for the current period 099 5,495,241 3,366,127

B. + C. Liabilities 101 22,749,431 22,708,239

B. Provisions 102 63,377 46,015

B. 4. Other provisions 106 63,377 46,015

C. Liabilities 107 22,686,054 22,662,224

C. I. Long-term liabilities 108 10,061,296 10,072,954

C. I. 6. Liabilities - subsidiaries and controlling party 116 10,061,296 10,072,954

C. II. Short-term liabilities 123 12,624,758 12,589,270

C. II. 3. Short-term advances received 128 2,087 4,940

C. II. 4. Trade payables 129 279,755 214,084

C. II. 6.

Liabilities - subsidiaries and controlling party 131 12,131,786 12,293,363

C. II. 8. Liabilities - other 133 211,130 76,883

C. II. 8. 3. Liabilities to employees 136 23,567 14,856

C. II. 8. 4. Liabilities for social security and health insurance 137 11,267 7,115

C. II. 8. 5. Taxes and state subsidies payable 138 52,603 7,811

C. II. 8. 6. Estimated payables 139 122,509 46,190

C. II. 8. 7. Other liabilities 140 1,184 911

D. Accruals and deferred income 141 162,233 165,076

D. 1. Accrued expenses 142 143,783 144,060

D. 2. Deferred income 143 18,450 21,016


32


INCOME STATEMENT (in thousand Czech crowns)

Ref. TEXT Row Accounting period

2017 2016

a b c 1 2

I. Sales of products and services 01 2,015,639 1,034,255

A. Cost of sales 03 1,297,428 670,501

A. 2. Raw materials and consumables used 05 85,982 91,020

A. 3. Services 06 1,211,446 579,481

D. Staff costs 09 546,126 299,810

E. Value adjustments in operating acitivities 14 40,887 141,329

E. 1. Value adjustments of fixed assets 15 40,887 141,329

E. 1. 1. Depreciation, amortisation and write off of fixed assets 16 175,387 149,729

E. 1. 2. Provision for impairment of fixed assets 17 (134,500) (8,400)

III. Operating income - other 20 116,425 69,920

III. 1. Sales of fixed assets 21 110,180 66,726

III. 2. Sales of raw materials 22 172 -

III. 3. Other operating income 23 6,073 3,194

F. Operating expenses - other 24 143,732 77,676

F. 1. Net book value of fixed assets sold 25 151,497 47,887

F. 3. Taxes and charges from operating activities 27 5,360 5,554

F. 4. Operating provisions and complex prepaid expenses 28 (24,465) 11,033

F. 5. Other operating expenses 29 11,340 13,202

* Operating result 30 103,891 (85,141)

IV. Income from sales of long-term investments - shares 31 5,229,870 3,178,605

IV. 1. Income from sales of investments - subsidiaries or controlling party 32 5,229,870 3,178,605

VI. Interest and similar income 39 543,781 515,925

J. Interest and similar expenses 43 296,916 159,971

VII. Other financial income 46 10,573 5,176

K. Other financial expenses 47 22,238 29,705

Financial result 48 5,465,070 3,510,030

** Net profit / (loss) before taxation 49 5,568,961 3,424,889

L. Tax on profit or loss 50 73,720 58,762

L. 1. Tax on profit or loss - current 51 52,764 51,634

L. 2. Tax on profit or loss - deferred 52 20,956 7,128

** Net profit / (loss) after taxation 53 5,495,241 3,366,127

*** Net profit / (loss) for the financial period 55 5,495,241 3,366,127

Net turnover for the financial period 56 7,916,288 4,803,881


33


CASH FLOW STATEMENT (in thousand Czech crowns)

Ref. TEXT Accounting period

2017 2016

a b 1 2

Cash flows from operating activities

Net profit on ordinary activities before tax 5,568,961 3,424,889

A. 1. Adjustments for non-cash movements: (5,404,343) (3,399,876)

A. 1. 1. Depreciation and amortisation of fixed assets 175,387 149,729

A. 1. 2. Change in provisions (158,965) 2,633

A. 1. 3. Profit from disposal of fixed assets (327,429) (157,107)

A. 1. 4. Profit distribution income (4,861,124) (3,040,337)

A. 1. 5. Net interest income (246,865) (355,954)

A. 1. 6. Other non-cash movements 14,653 1,160

A * Net cash flow from operating activities before tax and changes in working capital 164,618 25,013

A. 2. Working capital changes: 124,033 75,448

A. 2. 1. Change in receivables and prepayments (44,590) 199,856

A. 2. 2. Change in short-term payables and accruals 168,623 (124,408)

A ** Net cash flow from operating activities before tax 288,651 100,461

A. 3. Interest paid (297,703) (17,610)

A. 4. Interest received 534,334 516,765

A. 5. Income tax paid (49,531) (71,862)

A. 6. Profit distribution received 4,861,124 3,040,337

A *** Net cash flow from operating activities 5,048,224 3,568,091

B. 1. Acquisition of fixed assets (259,871) (66,911)

B. 2. Proceeds from sale of fixed assets 264,488 204,994

B. 3. Loans to related parties 12,102 8,122

B. 4. Decrease of share capital in subsidiary 491,898 1,807,009

B. 5. Purchase of innogy Business Services CZ, s.r.o. (see note 5) (687,920) -

B *** Net cash flow from investing activities (179,303) 1,953,214

C. 1. Change in long- and short-term liabilities (174,805) 161,404

C. 2. Changes in equity: (3,366,127) (5,438,606)

C. 2. 6. Profit distribution paid (3,366,127) (5,438,606)

C *** Net cash flow from financing activities (3,540,932) (5,277,202)

Net increase/(decrease) in cash and cash equivalents 1,616,640 244,103

Cash and cash equivalents at the beginning of the year including the impact of the merger as at 1 January 2017 2,332,747 1,765,650

Cash and cash equivalents at the end of the year 3,949,387 2,009,753

Note

The financial statements have been prepared in the Czech language and in English. In all matters of interpretation of information, views or

opinions, the Czech version of the financial statements takes precedence over the English version.


34

Statement of changes in shareholders' equity for the year ended 31 December 2017

(CZK'ooo) Share capital

Share premium and capital

contributions Retained earnings Total

As at 1 January 2016 48,861,246 9,982,692 5,438,606 64,282,544

Profit distribution paid - - (5,438,606) (5,438,606) Share premium and capital contributions pay-out - (9,982,000) - (9,982,000) Net profit for 2016 - - 3,366,127 3,366,127

As at 31 December 2016 48,861,246 692 3,366,127 52,228,065

Transformation - the impact of the merger - 411,912 - 411,912

As at 1 January 2017 48,861,246 412,604 3,366,127 52,639,977

Profit distribution paid - - (3,366,127) (3,366,127) Adjustments between the decisive and effective day of the merger* - (687,920) - (687,920) Net profit for 2017 - - 5,495,241 5,495,241

As at 31 December 2017 48,861,246 (275,316) 5,495,241 54,081,171

* See note 1.2. and 5.


35

5.2 Notes to the Financial Statements

1. General information

1.1 Introductory information about the Company innogy Česká republika a.s., (“the Company”) was incorporated on 25 September 2012 by the Municipal Court in Prague, Section B, Insert 18556 and has its registered office at Limuzska 3135/12, Prague 10 Strasnice, the Czech Republic. The Company’s primary business activity is provision of services to innogy companies in the Czech Republic. Identification number of the Company is 242 75 051. The Company updated its Articles of Association that are now fully governed by the new Corporations Act. This fact became effective as at 8 April 2014. The Company is not a shareholder having unlimited liability in any undertaking. The members of the Board of directors as at 31 December 2017 were as follows:

Name Position

Martin Friedrich Herrmann Chairman Thomas Merker Vice-Chairman

The members of the Supervisory board as at 31 December 2017 were as follows:

Name Position

Filip Thon Chairman Maria-Theresia Elisabeth Thiell Vice-Chairman Lenka Šimarová Member

The Company granted proxies for following persons as at 31 December 2017:

Name

Erika Vorlová Josef Benda Martin Chalupský Jiří Krtička

The changes in the Company’s bodies, which occurred during 2017: With effective date 6 April 2017 Kai Richter terminated granted power of attorney, which had expired in that moment. With effective date 30 April 2017 František Čech terminated granted power of attorney, which had expired in that moment. On 29 November 2017 the term of office of the member and chairman of the Supervisory Board, Filip Thon, has been completed. The sole shareholder acting on behalf of the General Meeting elected Filip Thon a member of the Supervisory Board for a further term of office with effective date from 30 November 2017. The Supervisory Board elected Filip Thon as Chairman of the Supervisory Board with effective date from 30 November 2017.


36

In accordance with Generally Accepted Accounting Principles in the Czech Republic, the Company did not prepare the consolidated financial statements because, as the controlled entity, it is included in the consolidated financial statements of innogy SE registered at Opernplatz 1, 451 28 Essen, Germany, which prepares the consolidated financial statements under the International Financial Reporting Standards as adopted by the European Union.

1.2 Information on the domestic merger On 16 August 2017, the domestic merger project was approved between the Company (the Successor Company) and innogy Business Services CZ, s.r.o. (the Dissolving Company). The Company filed the merger project to the collection of documents of the Commercial Register at the Municipal Court in Prague on 1 October 2017. The Dissolving Company was a 100% subsidiary of the Successor Company as at 1 October 2017. The decisive day of the domestic merger in accordance with § 70 para. 1 point. c) of the Act on Transformation of Companies and Cooperatives was 1 January 2017. From this date, the Dissolving Company actions are treated as acts carried out on behalf of the Successor Company. The legal effects of the merger occurred at the beginning of the day when the merger was registered in the Commercial Register, i.e. on 1 October 2017. The merging companies agreed to terminate the Dissolving Company without liquidation and dissolve it via the merger with the Successor Company, while all assets, including rights and obligations arising from the employment relationship of the Dissolving Company were transferred to the Successor Company as of the effective date of the merger, i.e. on 1 October 2017. The Successor Company entered the legal status of the Dissolving Company. Comparative figures for the 2016 period have not been adjusted for the impact of the merger in these financial statements, they only represent the Company's figures before the merger, therefore they are not comparable to the 2017 period figures without taking into account the impact of the merger. The statements and notes to the financial statements should be read together with the pro forma opening balance sheet and the notes to the opening balance sheet of the Company's as at 1 January 2017. The impact of merger is shown in the following table (in thousands CZK):

Designation ASSETS

The Successor Company

The Dissolving Company

Impact of the merger

The Company

31.12.2016 31.12.2016 1.1.2017

Net Net Net

TOTAL ASSETS 75,101,380 718,507 (365,509) 75,454,378

B. Fixed assets 60,635,500 102,015 - 60,737,515

B. I. Intangible fixed assets 32,618 12,148 - 44,766 B. II. Tangible fixed assets 1,833,802 89,867 - 1,923,669 B. III. Long-term investments 58,769,080 - - 58,769,080

C. Current assets 14,343,182 600,466 (365,474) 14,578,174

C. I. Inventories - - - - C. II. Receivables 13,815,834 600,185 (365,474) 14,050,545 C. III. Short-term investments - - - - C. IV. Cash 527,348 281 - 527,629

D. Prepayments and accrued income 122,698 16,026 (35) 138,689


37

Designation LIABILITIES AND EQUITY

The Successor Company

The Dissolving Company

Impact of the merger

The Company

31.12.2016 31.12.2016 1.1.2017

TOTAL LIABILITIES AND EQUITY 75,101,380 718,507 (365,509) 75,454,378

A. Equity 52,228,065 411,912 - 52,639,977

A. I. Share capital 48,861,246 100,000 (100,000) 48,861,246 A. II. Share premium and capital contribution 692 107,120 304,792 412,604 A. III. Other reserves - 1,330 (1,330) - A. IV. Retained earnings/Accumulated losses - 144,302 3,221,825 3,366,127 A. V. Profit/(loss) for the current period 3,366,127 59,160 (3,425,287) -

B. + C. Liabilities 22,708,239 304,811 (365,474) 22,647,576

B. Provisions 46,015 43,091 - 89,106

C. Liabilities 22,662,224 261,720 (365,474) 22,558,470

C. I. Long-term liabilities 10,072,954 - - 10,072,954 C. II. Short-term liabilities 12,589,270 261,720 (365,474) 12,485,516

D. Accruals and deferred income 165,076 1,784 (35) 166,825


38

2. Accounting policies

2.1 Basis of preparation The financial statements have been prepared in accordance with Generally Accepted Accounting Principles in the Czech Republic relevant for large companies and have been prepared under the historical cost convention except as disclosed below.

2.2 Intangible and tangible fixed assets

All intangible (and tangible) assets with a useful life longer than one year and a unit cost of more than CZK 60 thousand (CZK 10 thousand) are treated as intangible (and tangible) fixed assets. Purchased intangible and tangible fixed assets are initially recorded at cost, which includes all costs related with its acquisition. All research costs are expensed. Development costs of which results are intended for trading are capitalized as intangible fixed assets and recorded at the lower of cost and the value of future economic benefits. All other research costs are expensed when occurred. Intangible fixed assets are amortized applying the straight-line method over their estimated useful lives as follows (unless the related agreement or license conditions stipulate a shorter or a longer period): Intangible fixed assets Estimated useful life

Software 3 years Other intangible fixed assets 6 years

Tangible fixed assets, except for land which is not depreciated, are depreciated applying the straight-line method over their estimated useful lives as follows: Tangible fixed assets Estimated useful life

Buildings and constructions 15 - 50 years Machinery and equipment 3 - 15 years Furniture and fittings 5 - 8 years

The depreciation plan is updated during the useful life of the intangible and tangible fixed assets based on the expected useful life. A provision for impairment is established when the carrying value of an asset is greater than its estimated recoverable amount. The estimated recoverable amount is determined based on expected future cashflows generated by the certain asset or based on current expert evidence. Repairs and maintenance expenditures of tangible fixed assets are expensed as incurred. Technical improvements of intangible fixed assets exceeding CZK 40 thousand per year for each partial completed payment are capitalized. Technical improvements of intangible and tangible fixed assets exceeding CZK 10 thousand per year for individual movable assets and sets of movable assets and CZK 40 thousand per year for buildings are capitalized.


39

2.3 Investments in subsidiaries and investments in associates

Investments in subsidiaries represent ownership interests in enterprises that are controlled by the Company (“the subsidiary”). Investments in associates represent ownership interests in enterprises over which the Company has significant influence, but not control (“the associate”). Investments in subsidiaries and associates are recorded at cost less a provision for impairment.

2.4 Receivables Receivables are stated at nominal value less a provision for doubtful amounts. A provision for doubtful amounts is created on the basis of an ageing analysis and individual evaluation of the credit worthiness of the customers. Receivables from related parties have not been provided for.

2.5 Foreign currency translation Transactions denominated in a foreign currency are translated and recorded at the rate of exchange published by the Czech National Bank of ruling as at the transaction date. Cash, receivables and liabilities balances denominated in foreign currencies have been translated at the exchange rate published by the Czech National Bank as at the balance sheet date. All exchange gains and losses on cash, receivables and liabilities balances are recorded in the income statement.

2.6 Derivative financial instruments

Derivative financial instruments including foreign exchange contracts, currency and interest rate swaps and other derivative financial instruments are initially recognized on the balance sheet at cost and subsequently are re-measured at their fair value. All derivatives are presented in other receivables or in other payables when their fair value is positive or negative, respectively. Derivatives embedded in other financial instruments are not separately recognized. Changes in the fair value of derivatives held for trading are presented net and included in the financial result.

2.7 Changes of accounting policies and corrections of prior period errors

Changes to accounting policies (inclusive of deferred tax impact) and corrections of errors arising from incorrect accounting or unrecorded expenses and income in prior periods, if material, are recorded on financial statements line Restatements of retained earnings.

2.8 Determining the fair value

Fair values are determined based on market prices or discounted cash flow models.


40

2.9 Provisions

The Company recognises provisions to cover its obligations or expenses, when the nature of the obligations or expenses is clearly defined and it is probable or certain as at the balance sheet date that they will be incurred, however their precise amount or timing is not known. The provision recognised as at the balance sheet date represent the best estimate of expenses that will be probably incurred, or the amount of liability that is required for their settlement. The Company recognises a provision for its income tax payable which is presented net of advances paid for the income tax. If advances paid are higher than the estimated income tax payable, the difference is recognised as a short-term receivable.

2.10 Revenue recognition

Sales are recognised when the service is rendered and are stated net of discounts and value added tax.

2.11 Related parties The Company’s related parties are considered to be the following:

Parties, which directly or indirectly control the Company, and their subsidiaries and associates;

Parties, which have directly or indirectly significant influence on the Company;

Members of the Company’s or parent company’s statutory and supervisory boards and management and parties close to such members, including entities in which they have a controlling or significant influence; and/or

Subsidiaries, associates and joint-venture companies. Material transactions and outstanding balances with related parties are disclosed in notes 11 Related parties transactions and 13 Employees.

2.12 Leases The costs of assets held under both finance and operating leases are not capitalised as fixed assets. Lease payments are expensed evenly over the life of the lease. Future lease payments not yet due are disclosed in the notes but not recognised in the balance sheet.

2.13 Employment benefits

The Company recognizes a provision relating to rewards, bonuses, untaken holiday and other employment benefits. Regular contributions are made to the state to fund the national pension plan. The Company also provides contributions to defined contribution plans operated by independent pension funds and capital life insurance. The contribution for pension and life insurance is recognized as an expense.


41

2.14 Deferred tax Deferred tax is recognized on all temporary differences between the carrying amount of an asset or liability in the balance sheet and its tax base. Deferred tax asset is recognized if it is probable that sufficient future taxable profit will be available against which the asset can be utilized.

2.15 Cash-flow statement The Company has prepared a Cash flow statement using the indirect method. Cash and cash equivalents include cash in hand, stamps and vouchers and cash in banks, including bank overdrafts. Cash equivalents are short-term highly liquid investments that can be exchanged for a predictable amount of cash and no significant changes of value over time are expected. Cash equivalents are, for example, deposits with a maturity of less than 3 months from the date of acquisition and liquid debt securities traded in public markets. The Company uses so-called cash-pooling within the group. A receivable (liability) that arises from cash-pooling is presented in the Cash flow statement as a part of the item Cash and Cash equivalents if it is due within 3 months after the balance sheet date. The Company decided to change its accounting policy in the current accounting period and considers also the other short-term intercompany deposits due within 3 months after the balance sheet, that are not part of the cash-pooling balance, as Cash and cash equivalents. Comparative figures have been adjusted.

2.16 Subsequent events The effects of events, which occurred between the balance sheet date and the date of preparation of the financial statements, are recognised in the financial statements in the case that these events provide further evidence of conditions that existed as at the balance sheet date. Where significant events occur subsequent to the balance sheet date but prior to the preparation of the financial statements, which are indicative of conditions that arose subsequent to the balance sheet date, the effects of these events are quantified and disclosed, but are not themselves recognised in the financial statements.


42

3. Intangible fixed assets

(CZK’ooo) Impact

of merger 1 January 2017 Additions/

transfers Disposals 31 December

2017

Cost Software 679,536 967,882 12,161 (28,165) 951,878 Other royalties - 12,306 - (284) 12,022 Other intangible fixed assets 728 824 - - 824 Intangible fixed assets in the course of construction 40 40 9,925 - 9,965

Total 680,304 981,052 22,086 (28,449) 974,689

Accumulated amortization Software (667,841) (923,654) (41,719) 28,032 (937,341) Other royalties - (12,306) - 284 (12,022) Other intangible fixed assets (315) (326) (137) - (463)

Total (668,156) (936,286) (41,856) 28,316 (949,826)

Net book value 12,148 44,766 24,863

(CZK’ooo) 1 January 2016 Additions/ transfers Disposals

31 December 2016

Cost Software 262,212 26,134 - 288,346 Other royalties 12,306 - - 12,306 Other intangible fixed assets - 96 - 96 Intangible fixed assets in the course of construction 1,078 - (1,078) -

Total 275,596 26,230 (1,078) 300,748

Accumulated amortization Software (207,228) (48,585) - (255,813) Other royalties (12,306) - - (12,306) Other intangible fixed assets - (11) - (11)

Total (219,534) (48,596) - (268,130)

Net book value 56,062 32,618


43

4. Tangible fixed assets

(CZK’ooo) Impact

of merger 1 January

2017 Additions/


2017

Cost Land - 209,014 20 (6,152) 202,882 Constructions 36,118 3,736,011 59,183 (296,233) 3,498,961 Equipment 504,997 943,947 44,515 (209,030) 779,432 Other tangible fixed assets - 1,151 - - 1,151 Advances paid for tangible fixed assets and tangible fixed assets in the course of construction 1,020 5,053 21,246 (1,000) 25,299

Total 542,135 4,895,176 124,964 (512,415) 4,507,725

Accumulated depreciation Constructions (13,754) (1,405,976) (81,679) 150,945 (1,336,710) Equipment (438,514) (827,431) (51,852) 210,030 (669,253)

Total (452,268) (2,233,407) (133,531) 360,975 (2,005,963)

Provision for impairment - (738,100) 134,500 (603,600)

Net book value 89,867 1,923,669 1,898,162

(CZK’ooo) 1 January 2016 Additions/


2016

Cost Land 209,348 768 (1,102) 209,014 Buildings, halls and other constructions 3,582,827 180,111 (63,045) 3,699,893 Equipment 442,720 9,970 (13,740) 438,950 Other tangible fixed assets 1,163 - (12) 1,151 Advances paid for tangible fixed assets and tangible fixed assets in the course of construction 11,819 (7,688) (98) 4,033

Total 4,247,877 183,161 (77,997) 4,353,041

Accumulated depreciation Constructions (1,322,967) (85,415) 16,160 (1,392,222) Equipment (387,050) (15,718) 13,851 (388,917)

Total (1,710,017) (101,133) 30,011 (1,781,139)

Provision for impairment (746,500) - 8,400 (738,100)

Net book value 1,791,360 1,833,802


44

5. Investments in subsidiaries and investments in associates

31 December 2017 Cost

(CZK'ooo)

Share on equity

(%)

2017 net profit/(loss)

(CZK'ooo) Equity

(CZK'ooo)

Carrying value of

investment (CZK'ooo)

2017 dividend

income (CZK'ooo)

innogy Energie, s.r.o. 17,668,140 100 3,244,225 5,210,695 17,668,140 2,769,684 innogy Gas Storage, s.r.o. 17,016,152 100 328,492 13,779,201 17,016,152 382,789 innogy Zákaznické služby, s.r.o. 372,431 100 29,141 40,141 372,431 28,051 innogy Grid Holding, a.s. 1 12,652,167 50.04 3,959,764 29,212,610 12,652,167 1,674,253 innogy Energo, s.r.o. 634,205 100 19,502 510,422 634,205 6,347 innogy TelNet Holding, s.r.o. - 100 (24) (808) - -

Total 48,343,095 48,343,095 4,861,124 1 19,305,432 pieces of shares in total nominal value of CZK 12,595,250 thousand.

31 December 2016 Cost

(CZK’ooo)

Share on equity

(%)

2016 net profit/(loss)

(CZK’ooo) Equity

(CZK’ooo)

Carrying value of

investment (CZK’ooo)

2016 dividend

income (CZK’ooo)

innogy Energie, s.r.o. 17,668,140 100 2,769,684 4,523,133 17,668,140 2,602,429 innogy Gas Storage, s.r.o. 17,016,152 100 382,789 13,833,498 17,016,152 387,926 innogy Zákaznické služby, s.r.o. 372,431 100 28,051 39,051 372,431 36,295 innogy Grid Holding, a.s. 2 13,454,313 50.04 3,350,777 30,201,685 13,454,313 - innogy Energo, s.r.o. 634,205 100 6,347 497,509 634,205 13,687

Total 49,145,241 49,145,241 3,040,337 2 19,305,432 pieces of shares in total nominal value of CZK 13,043,908 thousand.

On 17 July 2017, the Company purchased a share in innogy Business Services CZ, s.r.o. valued at CZK 687,920 thousand from innogy SE. On 16 August 2017, the domestic merger was approved, with its decisive date on 1 January 2017. As at the date of legal effect of the merger (see note 1.2.), this share was eliminated against the capital contributions of the Company.

On 18 December 2017, the Company purchased share in innogy TelNet Holding, s.r.o. valued at CZK 1 from innogy Energo, s.r.o.

Due to optimization of the capital structure and reducing of the surplus of own resources of innogy Grid Holding a.s. on 13 February 2017 the General Meeting of innogy Grid Holding a.s. decided about the decrease of the share capital from CZK 26,066,963 thousand to CZK 25,170,364 thousand. Decrease of the share capital was executed via reduction of the nominal value of all shares from CZK 675.66 to CZK 652.42 per share via exchange for shares with a lower nominal value. The new amount of the share capital of innogy Grid Holding a.s. was registered in the Commercial Register on 20 June 2017.

Due to optimization of its capital structure and reducing of the surplus of own resources of innogy Grid Holding a.s., the General Meeting of innogy Grid Holding a.s. decided on 24 November 2017 about the decrease of the share capital from CZK 25,170,364 thousand to CZK 24,158,024 thousand. The decrease of the share capital will be executed via reduction of the nominal value of all shares from CZK 652.42 to CZK 626.18 per share via exchange for shares with a lower nominal value. The new amount of the share capital of innogy Grid Holding a.s. was not registered in the Commercial Register as at the balance sheet date.

The decrease in the value of the investment in innogy Grid Holding, a.s. of CZK 802,146 thousand during 2017 relates with the decrease in share capital of CZK 448,658 thousand and also with the


45

decrease in capital contributions of CZK 353,488 thousand. The resulting receivable from innogy Grid Holding, a.s. was partially offset – see note 11 Related party transactions. innogy Energie s.r.o. is located in Prague 10 – Strašnice, Limuzská 3135/12. innogy Gas Storage s.r.o. is located in Prague 10 – Strašnice, Limuzská 3135/12. innogy Zákaznické služby s.r.o. is located in Ostrava, Plynární 2748/6. innogy Grid Holding a.s. is located in Prague 10 – Strašnice, Limuzská 3135/12. innogy Energo s.r.o. is located in Prague 10 – Strašnice, Limuzská 3135/12. innogy TelNet Holding, s.r.o.is located in Prague 10 – Strašnice, Limuzská 3135/12. There is no difference between share on equity and share on voting rights for all above listed subsidiaries.

6. Receivables Receivables can be analysed as follows: (CZK’ooo) 31 December 2017 31 December 2016

Trade receivables - due 375,676 131,493 - overdue 41,873 5,795

Total trade receivables 417,549 137,288

Receivables - subsidiaries and controlling parties 15,395,276 13,422,679 Estimated receivables 378,860 164,656 Other receivables 54,710 67,477

Short-term receivables 16,246,395 13,792,100

Prepayments 130 221 Deferred tax receivable 8,903 23,513

Long-term receivables 9,033 23,734

Total net book value of receivables 16,255,428 13,815,834

Receivables - subsidiaries and controlling party include receivables from cash-pooling and receivables from short-term loans (see note 11 Related party transactions). Estimated receivables as at 31 December 2017 consist of earn-out from Vychodoslovenska energetika Holding a.s. of CZK 364,735 thousand based on the operating profit of innogy Slovensko s.r.o. for 2017 (as of 31 December 2016: CZK 144,126 thousand for 2016).

As at 31 December 2017 the Company has a contingent receivable from Vychodoslovenska energetika Holding a.s. of CZK 469,722 thousand regarding the income earn-out from expected operating profit of innogy Slovensko s.r.o. for the period 2018 (as at 31 December 2016: CZK 683,263 thousand for the period 2017-2018). This earn-out claim stems from the contract from 2015 with Vychodoslovenska energetika Holding a.s. about the sale of share in innogy Slovensko s.r.o. As at 31 December 2017 and 31 December 2016 the Company has not created any provision for doubtful receivables. Unsettled receivables have not been secured and none of them are due after more than 5 years. The Company has no other receivables nor contingent receivables, which are not recognized in the balance sheet, except for items described above.


46

7. Equity

Authorized and issued share capital:

31 December 2017 31 December 2016

No. of pieces

Carrying value (CZK'ooo) No. of pieces

Carrying value (CZK'ooo)

Ordinary shares of CZK 1,000 - fully paid 48,861,246 48,861,246 48,861,246 48,861,246

As at 31 December 2017 the Company is fully owned by innogy Beteiligungsholding GmbH, with its registered office at Opernplatz 1, 451 28 Essen, Germany, registration number: HRB 28332. As at 31 December 2016 the Company was fully owned by innogy International Participations N.V. incorporated in the Netherlands, 5211 AK's-Hertogenbosch, Willemsplein 4, identification number: 341 68 241. On 5 December 2017, there was a transfer of 100% ownership in the Company from innogy International Participations N.V. to innogy Zweite Vermögensverwaltungs GmbH, with its registered office at Opernplatz 1, 451 28 Essen, Germany, registration number: HRB 27585, which subsequently transferred its shareholding to innogy Beteiligungsholding GmbH on 13 December 2017. This change was not recorded in the Commercial Register at the balance sheet date. The parent company of the whole group is RWE Aktiengesellschaft registered in Germany. innogy SE with the registered office at Opernplatz 1, 451 28 Essen, Germany prepares the consolidated financial statements of the smallest group of entities of which the Company forms a part as a subsidiary. RWE Aktiengesellschaft with its registered office at Huyssenallee 2, 451 28 Essen, Germany prepares the consolidated financial statements of the largest group of entities of which the Company forms a part as a subsidiary. The consolidated financial statements of the smallest group of entities of which the Company forms a part as a subsidiary can be obtained at the registered office of innogy SE and the consolidated financial statements of the largest group of entities of which the Company forms a part as a subsidiary can be obtained at the registered office of RWE Aktiengesellschaft. The Company is fully governed by the Corporations Act and used the option not to create a reserve fund. This fact is further enabled by the Articles of Association of the Company. On 10 May 2016, the General Meeting decided to distribute the capital contributions of CZK 9,982,000 thousand in order to optimize the capital structure of the Company. The distribution was settled via non-cash settlement against drawing of a long-term loan in amount of CZK 10,000,000 thousand from innogy International Participations NV. The General Meeting approved the financial statements for 2016 and decided on distribution of 2016 profit of CZK 3,366,127 thousand on 21 March 2017. Until the date of preparation of these financial statements, the Company has not proposed distribution of the profit earned in 2017.


47

8. Provisions

(CZK’ooo) Income tax Other Total

Opening balance as at 1 January 2016 - 34,982 34,982

Charge for the year 50,934 45,396 96,330 Used in the year - (34,363) (34,363) Advances for Income tax/offset (50,934) - (50,934)

Closing balance as at 31 December 2016 - 46,015 46,015

Impact of the merger 1,264 41,827 43,091

Opening balance as at 1 January 2017 1,264 87,842 89,106

Charge for the year 51,372 50,200 101,572 Used in the year (1,264) (74,665) (75,929) Advances for Income tax/offset (51,372) - (51,372)

Closing balance as at 31 December 2017 - 63,377 63,377

The Company recorded provisions for employee benefits of CZK 37,556 thousand (as at 31 December 2016 CZK 36,015 thousand). Advances for Income tax of CZK 85,568 thousand paid by the Company as at 31 December 2017 (as at 31 December 2016: CZK 89,626 thousand) were netted off with provision for Income tax of CZK 51,372 thousand created as at 31 December 2017 (as at 31 December 2016: CZK 50,934 thousand). For an analysis of the current and deferred income tax see note 14 Income tax.

9. Payables, commitments and contingent liabilities

(CZK’ooo) 31 December 2017 31 December 2016

Trade payables - due 279,755 214,084 Liabilities - subsidiaries/controlling parties 12,131,786 12,293,363 Estimated payables 122,509 46,190 Other payables - due 90,708 35,633

Total short-term liabilities 12,624,758 12,589,270

Liabilities - subsidiaries and controlling parties – long-term 10,061,296 10,072,954

Total long-term liabilities 10,061,296 10,072,954

Total short-term and long-term liabilities 22,686,054 22,662,224

Trade and other payables have not been secured against any assets of the Company and are not due after more than 5 years. Short-term liabilities - subsidiaries and controlling party include payables from cash-pooling to companies within the group, long-term liabilities - subsidiaries and controlling party represent long-term part of loan received from innogy International Participations N.V (see note 11 Related party transaction). The Company has the following commitments in respect of operational leases: (CZK’ooo) 31 December 2017 31 December 2016

Due within one year 21,573 22,371 Due after one year but within five years 25,628 28,871

Total commitments in respect of operational leases 47,201 51,242


48

Total other contracted capital commitments amounted to CZK 10,000 thousand as at 31 December 2017 (as at 31 December 2016: CZK 40,780 thousand). As part of governance activities of innogy companies in the Czech Republic the Company provides guarantees on behalf of related parties mainly to energy market operators. As at 31 December 2017 the Company issued guarantees of CZK 507,824 thousand (as at 31 December 2016: CZK 558,545 thousand), from which issued guarantees to OTE, a.s. of CZK 504,554 thousand (as at 31 December 2016: CZK 554,550 thousand).

10. Revenue analysis

Revenue analysis:

(CZK’ooo) 2017

2016 innogy Česká republika a.s.

2016 innogy Business

Services CZ, s.r.o.

Operations 1,756,034 1,024,255 974,356 Projects 259,605 - 209,903

Total sales of products and services 2,015,639 1,034,255 1,184,259

11. Related party transactions

The Company had the following transactions with related parties: (CZK’ooo) 2017 2016

Revenues Sales of services 2,000,230 1,008,040 Interest income 542,926 514,757 Other* 376,710 139,413

Total 2,919,866 1,662,210

Costs Material and energy consumption 45,879 51,793 Services 185,121 176,629 Interest expense 296,916 159,971 Other 5,540 1,651

Total 533,456 390,044

Purchase of property 5,088 28,751

Total 5,088 28,751 * Other revenues mainly consist of earn-out from Vychodoslovenska energetika Holding a.s. based on the operating profit of innogy Slovensko s.r.o. – see note 6 Receivables.

Profit distribution received for 2017 and 2016 is disclosed in note 5 Investments in subsidiaries and investments in associates.


49

The following related party balances were outstanding:

(CZK’ooo) 31 December 2017 31 December 2016

Receivables Trade receivables 399,729 127,235 Other receivables 446,448 220,311 Loans receivable/cash-pooling 25,317,704 23,046,517

Total 26,163,881 23,394,063

Liabilities Liabilities to companies within the consolidation group 22,398,890 22,573,932 Out of which: Trade payables 45,255 37,399 Loans payable 22,193,082 22,366,317 Other payables 17,492 26,368 Accruals and deferred income 143,061 143,848 Liabilities to associates 3,412 1,823 Out of which: Trade payables 3,412 1,823

Total 22,402,302 22,575,755

Provided and received loans and receivables and payables from cash-pooling bear interest at market interest rates. Accruals and deferred income as at 31 December 2017 primarily consist of interest amounted to CZK 141,582 thousand (as at 31 December 2016: CZK 142,347 thousand) related to long-term loan received from innogy International Participations N.V. Based on debt acquirement contract from 31 May 2017 receivables from innogy Grid Holding, a.s. were transferred to long-term loan to GasNet, s.r.o in amount of CZK 310,248 thousand. Based on debt acquirement contract from 31 May 2016 receivables from innogy Grid Holding, a.s. were transferred to long-term loan to GasNet, s.r.o in amount of CZK 274,219 thousand. Company cars with purchase price amounted to CZK 32,661 thousand (as at 31 December 2016: CZK 14,337 thousand) are made available for use to members of management. The Company has paid the rent of premises for foreign members of management, which amounted to CZK 376 thousand in 2017 (2016: CZK 751 thousand). A long-term motivation program was created for management, for which a provision of CZK 2,205 thousand has been created as at 31 December 2017 (as at 31 December 2016: CZK 308 thousand). Besides the above stated, there was no other cash or in kind consideration provided in 2017 and 2016 to the shareholder, members of the Board of Directors and Supervisory Board and management.


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12. Fees paid and payable to the audit company

The information relating to the fees paid and payable for services performed by the audit company is included in the consolidated financial statements of innogy SE.

13. Employees 2017 2016

Average number of members of management 25 12 Average number of other staff 480 277

Total number of employees 505 289

(CZK’ooo) Management Other staff Total

2017 Wages and salaries 70,721 331,103 401,824 Social security costs 17,181 111,155 128,336 Remuneration of the Supervisory Board members 120 - 120 Other social costs 1,862 13,984 15,846

Total staff costs 89,884 456,242 546,126

2016 Wages and salaries 43,878 177,408 221,286 Social security costs 8,840 60,924 69,764 Remuneration of the Supervisory Board members 120 - 120 Other social costs 620 8,020 8,640

Total staff costs 53,458 246,352 299,810

The Company's management includes executive directors and other directors and managers directly reporting to them. The management category as at 31 December 2017 and 2016 also consists of two members of the Board of Directors, that are not employees of the Company. Based on paragraph 39b (6) point d) Implementing Decree No. 500/2002 Coll., the Company does not present the remuneration of the Board of Directors separately. In 2016, staff costs of the Dissolving company amounted to CZK 259,195 thousand and the weighted average number of employees was 266. Other transactions with the Company’s management are disclosed in note 11 Related party transactions.


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14. Income tax Analysis of the income tax expense:

(CZK’ooo) 2017 2016

Current tax expense (19%) 51,373 50,934 Deferred tax expense 20,956 7,128 Adjustment of prior year tax expense based on final CIT return 1,391 700

Total income tax expense 73,720 58,762

Analysis of current tax:

(CZK’ooo) 2017 2016

Net profit before taxation 5 568,961 3,424,889

Non-taxable income (5,375,058) (3,185,096) Difference between accounting and tax depreciation (26,346) (26,988) Tax non-deductible costs 109,062 65,679

Net taxable profit 276,619 278,484

Donations (5,759) (10,315)

Reduced net taxable profit 270,860 268,169

Tax incentives (91) (18)

Corporate income tax at 19% 51,373 50,934

The deferred tax was calculated at 19% (tax rate for 2017 and subsequent years). The deferred tax asset / (liability) analysis:

(CZK’ooo) 31 December 2017 1 January 2017 31 December 2016

Deferred tax asset/(liability) arising from: Difference between accounting and tax net book value of fixed assets (3,139) 14,770 14,770 Other provisions 12,042 8,743 8,743 Merger impact - 6,346 -

Net deferred tax asset 8,903 29,859 23,513

15. Cash flow statement Analysis of cash and cash equivalents disclosed in the Cash flow statement:

(CZK’ooo) 31 December 2017 1 January 2017 31 December 2016

Cash in hand 13 1 1 Cash at bank 406,552 527,347 527,347 Receivable from cash-pooling and other cash equivalents within the group 3,542,822 1,482,405 1,482,405 Merger impact - 322,994 -

Total cash and cash equivalents 3,949,387 2,332,747 2,009,753


52

16. Subsequent events The change of the shareholder was registered in the Commercial Register after the balance sheet date, the change of the sole shareholder to innogy Zweite Vermögensverwaltungs GmbH was registered on 15 January 2018. Furthermore, the change of the sole shareholder to innogy Beteiligungsholding GmbH was registered on 24 January 2018 (see note 7 Equity). On 10 January 2018, the Company made a payment to capital contributions of innogy TelNet Holding, s.r.o. in the amount of CZK 171,300 thousand. No other events occurred subsequent to year end that would have a material impact on the financial statements as at 31 December 2017. 12 February 2018



53


54

6 Independent Auditor’s Report


55


56

7 Report on Relations for the Accounting Period of 2017

Pursuant to Section 82 et seq. of Act No 90/2012 on Business Companies and Cooperatives

(“the Business Corporations Act”), as amended, the Board of Directors of innogy Česká republika a.s.

(“the Company”) prepared this report on relations between the Company and controlling persons and

between the Company and other persons (“related parties”) under common control for the

accounting period of 2017, insofar as such persons are known to the Company. This report forms an

annex to the Company’s annual report for 2017. The sole shareholder of the Company has the right to

access the report on relations at the same time and under the same conditions as the financial

statements.

7.1 Structure of relations

The Company is part of the RWE Group. Within the meaning of Section 79 of the Business

Corporations Act, the Company is subject to uniform management consisting in the coordination and

strategic management of at least one of the important components or activities of the Group’s

business, such arrangement pursuing the objective of promoting the Group’s interests on a long-term

basis as part of the Group’s consistent policy. The Company’s membership of the RWE Group is

published on the Company’s website.

a) Controlling persons

In the past accounting period the Company was controlled by the following controlling persons from

1 January 2017 to 4 December 2017:

i. Directly - innogy International Participations N.V., with its registered office at 5211AK

‘s-Hertogenbosch, Willemsplein 4, the Netherlands, which was the sole shareholder of the Company,

ii. Indirectly - innogy SE, with its registered office at Opernplatz 1, 45128 Essen, Germany, - RWE Downstream Beteiligungs GmbH, with its registered office at Huyssenallee 2, 45128

Essen, Germany, - RWE Aktiengesellschaft, with its registered office at Huyssenallee 2, 45128 Essen,

Germany, which was the ultimate controlling person.

From 5 December 2017 to 12 December 2017 the Company was controlled by the following

controlling persons:

i. Directly - innogy Zweite Vermögensverwaltungs GmbH, with its registered office at Opernplatz 1,

45128 Essen, Germany, which was the sole shareholder of the Company, ii. Indirectly

- innogy SE, with its registered office at Opernplatz 1, 45128 Essen, Germany, - RWE Downstream Beteiligungs GmbH, with its registered office at Huyssenallee 2, 45128


Germany, which was the ultimate controlling person


57

From 13 December 2017 to 31 December 2017 the Company was controlled by the following

controlling persons:

i. Directly - innogy Beteiligungsholding GmbH, with its registered office at Opernplatz 1, 45128

Essen, Germany, which was the sole shareholder of the Company, ii. Indirectly

- innogy Zweite Vermögensverwaltungs GmbH, with its registered office at Opernplatz 1, 45128 Essen, Germany, which was the sole shareholder of the Company,

- innogy SE, with its registered office at Opernplatz 1, 45128 Essen, Germany, - RWE Downstream Beteiligungs GmbH, with its registered office at Huyssenallee 2, 45128


Germany, which was the ultimate controlling person.

The Board of Directors is not aware of the Company having any additional controlling persons.

b) Other controlled persons

The Company requested the above controlling persons to provide a list of the other persons that were

under common control in the past accounting period. The Company’s Board of Directors has drawn up

this Report on the basis of the information provided by the controlling persons and other information

available to the Board of Directors. The scheme of the relations between controlling and controlled

persons as at 31 December 2017, i.e. the last day of the accounting period, can be found in Annex 1

hereto.

c) Role of the controlled person

The Company is the managing person in the RWE Group for the Czech Republic, with the exception of

RWE East, s.r.o. and RWE Supply & Trading CZ, a.s. As part of its activities, the Company provides the

other companies in the Czech Republic with its specific managerial and technical expertise and

services. These include, for example, the process management service, including controlled document

management, financial and risk management services, controlling services, accounting, internal audit

management, coordination of legal services and regulatory affairs, IT services, services in the area of

security and protection of people, property and information, OHS services, public relations services,

human resources management services, comprehensive corporate services, centralised sourcing

services, and facility management services, including office services.

d) Method and means of control

The controlled person was controlled by the controlling person through the general meeting, the

powers of which were exercised by the controlling person as the sole shareholder acting in the

capacity of the general meeting of the controlled person.


58

7.2 Overview of acts

In the last accounting period, the Company did not make, upon suggestion and/or in the interest of

the related parties under point 1 above, any legal acts concerning assets exceeding 10% of the

Company’s equity determined on the basis of the latest financial statements as at 31 December 2017.

7.3 Overview of mutual agreements

In the last accounting period, or at least a part thereof, contractual relationships under agreements

listed in Annex 2 hereto existed between the Company and the related persons under point 1 above.

7.4 Assessment of damage and compensation for damage

In the last accounting period, the Company did not suffer any damage caused by the acts described

herein.

7.5 Advantages and disadvantages arising from relationships between the Group

entities

In the last accounting period, the Company benefited from the advantages stemming from its

membership of the RWE Group. First and foremost, the Company enjoys, thanks to the orientation of

the other companies within the Group, access to supporting know-how in almost all areas of its

operations, such support being procured for the whole Group.

Furthermore, the Company uses the advantage of the Group’s centralised purchase of IT hardware

and software, and also of access to the Group’s solutions in this area, which are tailor-made for the

Group.

Last but not least, the Company uses the advantage of centralised support services, such as

procurement, the call centre’s services, asset and vehicle fleet management, etc.

An important area where the Group uses the advantages stemming from its Group membership is that

of financing, where financing arranged within the Group ensures the stability of financing.

The Company is not aware of any disadvantages arising from its membership of the Group. The

Company has not identified any significant risks arising from relationships between the persons within

the Group.


59

7.6 Confidentiality

This Report does not disclose any information that is subject to the Company’s trade secret.

7.7 Conclusion

This Report was approved by the Company’s Board of Directors on 5 March 2018 and it has been

presented to the Supervisory Board for review.

Prague, 19 March 2018



60

Annex 1: The scheme of the relations between related parties

Leve

l

Company name Country Co

mp

any

Shar

e %

RW

E Sh

are

%

0 RWE Aktiengesellschaft Germany

1 RWE Power Aktiengesellschaft Germany 100.00 100.00

2 KMG Kernbrennstoff-Management Gesellschaft mit beschränkter Haftung Germany 100.00 100.00

3 URANIT GmbH Germany 50.00 50.00

2 Mingas-Power GmbH Germany 40.00 40.00

2 Versuchsatomkraftwerk Kahl GmbH Germany 80.00 80.00

2 Kernkraftwerk Gundremmingen GmbH Germany 75.00 75.00

2 RV Rheinbraun Handel und Dienstleistungen GmbH Germany 100.00 100.00

3 Rheinbraun Brennstoff GmbH Germany 100.00 100.00

4 Agenzia Carboni S.R.L. Italy 100.00 100.00

4 TCP Petcoke Corporation USA 50.00 50.00

2 Rheinische Baustoffwerke GmbH Germany 100.00 100.00

3 KÜCKHOVENER Deponiebetrieb GmbH & Co. Kommanditgesellschaft Germany 50.00 50.00

3 KÜCKHOVENER Deponiebetrieb Verwaltungs-GmbH Germany 50.00 50.00

3 Kieswerk Kaarst GmbH & Co. KG Germany 51.00 51.00

3 Kieswerk Kaarst Verwaltungs GmbH Germany 51.00 51.00

2 Carl Scholl GmbH Germany 100.00 100.00

2 RD Hanau GmbH Germany 100.00 100.00

2 Kraftwerk Buer GbR Germany 50.00 50.00

2 Schluchseewerk Aktiengesellschaft Germany 50.00 50.00

2 Société Electrique de l'Our S.A. Luxembourg 40.43 40.43

2 Mátrai Erömü Zártkörüen Müködö Részvénytársaság Hungary 50.92 50.96

3 Mátrai Erömü Központi Karbantartó KFT Hungary 100.00 100.00

3 ROTARY-MATRA Kútfúró és Karbantartó KFT Hungary 100.00 100.00

2 GBV Dreißigste Gesellschaft für Beteiligungsverwaltung mbH Germany 100.00 100.00

3 Mátrai Erömü Zártkörüen Müködö Részvénytársaság Hungary 0.04 50.96

2 CARBON Climate Protection GmbH Austria 50.00 50.00

2 CARBON Egypt Ltd. Egypt 49.00 49.00

2 RWE Power Climate Protection GmbH Germany 100.00 100.00

3 RWE Power Climate Protection China GmbH Germany 100.00 100.00

4 RWE Power Climate Protection Southeast Asia Co., Ltd. Thailand 0.00 100.00

4 RWE Power Climate Protection Clean Energy Technology (Beijing) Co., Ltd. China 100.00 100.00


2 Kernkraftwerke Lippe-Ems Gesellschaft mit beschränkter Haftung Germany 5.25 99.25

2 Kraftwerksbeteiligungs-OHG der RWE Power AG und der PreussenElektra GmbH Germany 87.50 87.50

3 Kernkraftwerke Lippe-Ems Gesellschaft mit beschränkter Haftung Germany 94.00 99.25

2 RWE Australia Pty. Ltd. Australia 100.00 100.00

2 Gemeinschaftswerk Hattingen Gesellschaft mit beschränkter Haftung Germany 52.00 52.00

2 Kernkraftwerk Lingen Gesellschaft mit beschränkter Haftung Germany 100.00 100.00

1 RWE Generation SE Germany 100.00 100.00

2 RWE Technology International GmbH Germany 100.00 100.00

3 RWE Technology Tasarim ve Mühendislik Danismanlik Ticaret Limited Sirketi Turkey 100.00 100.00

3 RWE Technology UK Limited United Kingdom 100.00 100.00



61

3 RWE Power International Ukraine LLC Ukraine 100.00 100.00

2 Grosskraftwerk Mannheim Aktiengesellschaft Germany 40.00 40.00

2 ROSOLA Grundstücks-Vermietungsgesellschaft mbH & Co. Objekt Alzenau KG Germany 100.00 100.00

2 SALUS Grundstücks-Vermietungsgesellschaft mbH & Co. Objekt Leipzig KG Germany 100.00 100.00

2 RWE Generation UK Holdings plc United Kingdom 100.00 100.00

3 RWE Generation UK plc United Kingdom 100.00 100.00

4 RWE Markinch Limited United Kingdom 100.00 100.00

4 Great Yarmouth Power Limited United Kingdom 100.00 100.00

4 RWE Ingen!us Limited United Kingdom 100.00 100.00

4 Electra Insurance Limited Bermudas 100.00 100.00

4 RWE Cogen UK Limited United Kingdom 100.00 100.00

5 RWE Cogen UK (Hythe) Limited United Kingdom 100.00 100.00

4 RWE Cogen UK Trading Limited United Kingdom 100.00 100.00

4 Transpower Limited Ireland 100.00 100.00

4 Regenesys Technologies United Kingdom 100.00 100.00

4 Regenesys Holdings Limited United Kingdom 100.00 100.00

2 RWE Generation NL Participations B.V. Netherlands 100.00 100.00

3 RWE Personeel B.V. Netherlands 100.00 100.00

3 RWE Corner Participations B.V. Netherlands 100.00 100.00

3 Essent Power B.V. Netherlands 100.00 100.00

3 RWE Eemshaven Holding B.V. Netherlands 100.00 100.00

3 Energy Resources Holding B.V. Netherlands 100.00 100.00

4 Energy Resources Ventures B.V. Netherlands 100.00 100.00

5 SET Sustainable Energy Technology Fund C.V. Netherlands 50.00 50.00

4 Energy Resources B.V. Netherlands 100.00 100.00

3 RWE Generation NL B.V. Netherlands 100.00 100.00

4 RWE Generation Belgium N.V. Belgium 100.00 100.00

4 Vliegasunie B.V. Netherlands 59.52 59.52

3 RWE Eemshaven Holding II B.V. Netherlands 100.00 100.00

4 RWE Generation Belgium N.V. Belgium 0.00 100.00

3 RWE Generation NL Personeel B.V. Netherlands 100.00 100.00

2 Gemeinschaftskraftwerk Bergkamen A beschränkt haftende OHG Germany 51.00 51.00

2 SRS EcoTherm GmbH Germany 90.00 90.00

1 RWE Downstream Beteiligungs GmbH Germany 100.00 100.00

2 innogy SE Germany 76.79 76.79

3 Lechwerke AG Germany 74.87 89.87

4 Bayerische Elektrizitätswerke GmbH Germany 100.00 100.00

5 Bayerische Bergbahnen-Beteiligungs-Gesellschaft mbH Germany 100.00 100.00

6 Wendelsteinbahn GmbH Germany 100.00 100.00

7 Wendelsteinbahn Verteilnetz GmbH Germany 100.00 100.00

5 Untere Iller Aktiengesellschaft Germany 40.00 40.00

5 Mittlere Donau Kraftwerke AG Germany 40.00 40.00

4 LEW Anlagenverwaltung Gesellschaft mit beschränkter Haftung Germany 100.00 100.00

5 RL Beteiligungsverwaltung beschr. haft. OHG Germany 49.00 100.00

6 enviaM Beteiligungsgesellschaft mbH Germany 40.00 100.00

7 envia Mitteldeutsche Energie AG Germany 19.99 58.57

8 envia TEL GmbH Germany 100.00 100.00

8 GKB Gesellschaft für Kraftwerksbeteiligungen mbH Germany 100.00 100.00

8 Metzler enviaM MI178 Germany 100.00 100.00

8 envia SERVICE GmbH Germany 100.00 100.00

8 Mitteldeutsche Netzgesellschaft Strom mbH Germany 100.00 100.00

9 Mitteldeutsche Netzgesellschaft mbH Germany 100.00 100.00


62

8 Fernwärmeversorgung Zwönitz GmbH (FVZ) Germany 50.00 50.00

8 Wärmeversorgung Wachau GmbH Germany 49.00 49.00

8 Heizkraftwerk Zwickau Süd GmbH & Co. KG Germany 40.00 40.00

8 Energieversorgung Guben GmbH Germany 45.00 45.00

8 Netzgesellschaft Grimma GmbH & Co. KG Germany 49.00 49.00

8 enviaM Erneuerbare Energien Verwaltungsgesellschaft mbH Germany 100.00 100.00

8 Energieversorgung Marienberg GmbH Germany 49.00 49.00

8 WEK Windenergie Kolkwitz GmbH & Co.KG Germany 100.00 100.00

8 Lößnitz Netz GmbH & Co. KG Germany 100.00 100.00

9 Lößnitz Netz Verwaltungs GmbH Germany 100.00 100.00

8 enviaM Beteiligungsgesellschaft Chemnitz GmbH Germany 100.00 100.00

8 Stadtwerke - Strom Plauen GmbH & Co. KG Germany 49.00 49.00

8 Verteilnetz Plauen GmbH Germany 100.00 100.00

8 Sandersdorf-Brehna Netz GmbH & Co. KG Germany 27.60 49.00

8 Oschatz Netz GmbH & Co. KG Germany 74.90 74.90

9 Oschatz Netz Verwaltungs GmbH Germany 100.00 100.00

8 VWS Verbundwerke Südwestsachsen GmbH Germany 97.85 97.85

9 Südwestsächsische Netz GmbH Germany 100.00 100.00

8 enviaM Neue Energie Management GmbH Germany 100.00 100.00

8 Windkraft Hochheim GmbH & Co. KG Germany 100.00 100.00

8 AQUAVENT Gesellschaft für Umwelttechnik und regenerierbare Energien mbH

Germany 100.00 100.00

9 Windpark Verwaltungsgesellschaft mbH Germany 100.00 100.00

8 Windenergie Frehne GmbH & Co. KG Germany 41.03 41.03

8 SEG Solarenergie Guben Management GmbH Germany 100.00 100.00

8 WKH Windkraft Hochheim Management GmbH Germany 100.00 100.00

8 enviaM Zweite Neue Energie Managment GmbH Germany 100.00 100.00

8 SEG Solarenergie Guben GmbH & Co. KG Germany 100.00 100.00

8 A/V/E GmbH Germany 25.90 76.10

8 envia THERM GmbH Germany 100.00 100.00

9 VEM Neue Energie Muldental GmbH & Co. KG Germany 50.00 50.00

8 bildungszentrum energie GmbH Germany 74.50 100.00

8 NRF Neue Regionale Fortbildung GmbH Germany 100.00 100.00

8 EVIP GmbH Germany 100.00 100.00

8 Stadtwerke Bernburg GmbH Germany 45.00 45.00

8 Stadtwerke Merseburg GmbH Germany 40.00 40.00

8 Stadtwerke Roßlau Fernwärme GmbH Germany 49.00 49.00

8 Stadtwerke Bitterfeld-Wolfen GmbH Germany 40.00 40.00

8 Technische Werke Naumburg GmbH Germany 47.00 47.00

8 Wärmeversorgung Mücheln GmbH Germany 49.00 49.00

8 MITGAS Mitteldeutsche Gasversorgung GmbH Germany 75.39 75.40

9 Erdgasversorgung Industriepark Leipzig Nord GmbH Germany 50.00 50.00

9 Mitteldeutsche Netzgesellschaft Gas mbH Germany 100.00 100.00

9 Mitteldeutsche Netzgesellschaft Gas HD mbH Germany 100.00 100.00

9 Sandersdorf-Brehna Netz GmbH & Co. KG Germany 21.40 49.00


9 bildungszentrum energie GmbH Germany 25.50 100.00

6 RL Besitzgesellschaft mbH Germany 100.00 100.00

7 Lechwerke AG Germany 15.00 89.98

4 Wärmeversorgung Schwaben GmbH Germany 100.00 100.00

4 LEW Service & Consulting GmbH Germany 100.00 100.00

4 Metzler F55 LEW (EWA) Germany 100.00 100.00


63

4 Stromnetz Günzburg GmbH & Co. KG Germany 49.00 49.00

4 Stromnetz Günzburg Verwaltungs GmbH Germany 49.00 49.00

4 Bayerische-Schwäbische Wasserkraftwerke Beteiligungsgesellschaft mbH Germany 62.20 62.20

4 LEW Verteilnetz GmbH Germany 100.00 100.00

4 LEW Netzservice GmbH Germany 100.00 100.00

4 LEW Beteiligungsgesellschaft mbH Germany 100.00 100.00

5 Elektrizitätswerk Landsberg GmbH Germany 100.00 100.00

5 Überlandwerk Krumbach GmbH Germany 74.60 74.60

5 LEW TelNet GmbH Germany 100.00 100.00

5 Geiger Netzbau GmbH Germany 49.00 49.00

4 Peißenberger Wärmegesellschaft mbH Germany 50.00 50.00

4 Rain Biomasse Wärmegesellschaft mbH Germany 74.90 74.90

4 Bayerische Ray Energietechnik GmbH Germany 49.00 49.00

4 Stromnetz Gersthofen GmbH & Co. KG Germany 49.00 49.00

4 Lech Energie Verwaltung GmbH Germany 100.00 100.00

4 Lech Energie Gersthofen GmbH & Co. KG Germany 100.00 100.00

4 Stromnetz Friedberg GmbH & Co.KG Germany 100.00 100.00

3 rhenag Rheinische Energie Aktiengesellschaft Germany 66.67 66.67

4 Stromnetzgesellschaft Neunkirchen-Seelscheid mbH & Co. KG Germany 1.00 49.00

4 rhenagbau GmbH Germany 100.00 100.00

4 GkD Gesellschaft für kommunale Dienstleistungen mbH Germany 50.00 50.00

4 Energieversorgung Niederkassel GmbH & Co. KG Germany 49.00 49.00

4 e-regio GmbH & Co. KG Germany 42.96 42.96

4 MAINGAU Energie GmbH Germany 26.12 46.59

4 KVK Kompetenzzentrum Verteilnetze und Konzessionen GmbH Germany 74.90 74.90

4 energienatur Gesellschaft für Erneuerbare Energien mbH Germany 64.00 64.00

4 Rhein-Sieg Netz GmbH Germany 100.00 100.00

5 Stadtwerke Siegburg GmbH & Co. KG Germany 49.00 49.00

5 Hennef (Sieg) Stromnetz GmbH & Co. KG Germany 100.00 100.00

4 Westerwald-Netz GmbH Germany 100.00 100.00

4 WIJA GmbH Germany 100.00 100.00

4 energy4u GmbH & Co. KG Germany 49.00 49.00


3 Rheinkraftwerk Albbruck-Dogern Aktiengesellschaft Germany 77.00 77.00

3 OIE Aktiengesellschaft Germany 100.00 100.00

3 innogy Consulting GmbH Germany 100.00 100.00

4 innogy International Middle East United Arab Emirates

49.00 49.00

4 innogy Consulting Americas, LLC USA 100.00 100.00

3 EWV Energie- und Wasser-Versorgung GmbH Germany 53.72 53.72

4 regionetz GmbH Germany 100.00 100.00

4 Wärmeversorgung Würselen GmbH Germany 49.00 49.00

4 GREEN Gesellschaft für regionale und erneuerbare Energie mbH Germany 39.16 49.16

4 Windpark Eschweiler Beteiligungs GmbH Germany 59.18 59.18

5 innogy indeland Windpark Eschweiler GmbH & Co. KG Germany 49.00 100.00

6 innogy indeland Windpark Eschweiler Verwaltungs GmbH Germany 100.00 100.00

4 EWV Baesweiler Verwaltungs GmbH Germany 45.00 45.00

4 EWV Baesweiler GmbH & Co. KG Germany 45.00 45.00

4 Green Solar Herzogenrath GmbH Germany 45.00 45.00

3 enviaM Beteiligungsgesellschaft mbH Germany 60.00 100.00

3 innogy Business Services Polska Sp. z o.o. Poland 100.00 100.00

3 innogy Gastronomie GmbH Germany 100.00 100.00


64

3 Innogy Renewables UK Holdings Limited United Kingdom 100.00 100.00

4 Innogy Stallingborough Limited United Kingdom 100.00 100.00

4 Innogy Renewables UK Limited United Kingdom 100.00 100.00

5 Harryburn Wind Farm Limited United Kingdom 100.00 100.00

5 ML Wind LLP United Kingdom 51.00 51.00

5 Greater Gabbard Offshore Winds Limited United Kingdom 50.00 50.00

5 Rowantree Wind Farm Ltd. United Kingdom 100.00 100.00

5 Kiln Pit Hill Wind Farm Limited United Kingdom 100.00 100.00

5 Bristol Channel Zone Limited United Kingdom 100.00 100.00

6 Channel Energy Limited United Kingdom 100.00 100.00

5 Innogy Gym 2 Limited United Kingdom 100.00 100.00

6 Gwynt Y Môr Offshore Wind Farm Limited United Kingdom 10.00 50.00





5 Sofia Offshore Wind Farm Holdings Limited United Kingdom 100.00 100.00

5 Doggerbank Project 3B Innogy Limited United Kingdom 100.00 100.00

5 Little Cheyne Court Wind Farm Limited United Kingdom 59.00 59.00

5 Bilbster Wind Farm Limited United Kingdom 100.00 100.00

5 Causeymire Two Wind Farm Limited United Kingdom 100.00 100.00

5 Knabs Ridge Wind Farm Limited United Kingdom 100.00 100.00

5 Carnedd Wen Wind Farm Limited United Kingdom 100.00 100.00

5 Lochelbank Wind Farm Limited United Kingdom 100.00 100.00

5 Middlemoor Wind Farm Limited United Kingdom 100.00 100.00

5 Novar Two Wind Farm Limited United Kingdom 100.00 100.00

5 The Hollies Wind Farm Limited United Kingdom 100.00 100.00

5 Burgar Hill Wind Farm Limited United Kingdom 100.00 100.00

5 Rhyl Flats Wind Farm Limited United Kingdom 50.10 50.10

5 Goole Fields II Wind Farm Limited United Kingdom 100.00 100.00

5 Clocaenog Wind Farm Limited United Kingdom 100.00 100.00

5 Doggerbank Project 3C Limited United Kingdom 100.00 100.00

5 Doggerbank Project 3D Limited United Kingdom 100.00 100.00

5 Doggerbank Project 3E Limited United Kingdom 100.00 100.00

5 Doggerbank Project 3F Limited United Kingdom 100.00 100.00

5 Triton Knoll Offshore Wind Farm Limited United Kingdom 100.00 100.00

3 innogy Italia S.p.A. Italy 100.00 100.00

4 Fri-El Anzi Holding S.r.l. Italy 51.00 51.00

5 Fri-El Anzi S.r.l. Italy 100.00 100.00

4 Fri-El Guardionara Holding S.r.l. Italy 51.00 51.00

5 Fri-El Guardionara S.r.l. Italy 100.00 100.00

4 Andromeda Wind S.r.l. Italy 51.00 51.00

3 Emscher Lippe Energie GmbH Germany 50.10 50.10

4 ELE Verteilnetz GmbH Germany 100.00 100.00

4 ELE-RAG Montan Immobilien Erneuerbare Energien GmbH Germany 50.00 50.00

4 ELE-GEW Photovoltaikgesellschaft mbH Germany 49.00 49.00

4 Metzler J55 ELE (TKE) Germany 100.00 100.00

3 Innogy Business Services UK Limited United Kingdom 100.00 100.00

3 Innogy Renewables US LLC USA 100.00 100.00

4 Innogy US Renewable Projects LLC USA 100.00 100.00

4 Innogy Renewables US Wind Holdings LLC USA 100.00 100.00

5 Aura Merger Sub LLC USA 100.00 100.00


65

3 innogy Turkey Energi Anonim Sirketi Turkey 100.00 100.00

3 innogy Aqua GmbH Germany 100.00 100.00

4 Zagrebacke otpadne vode d.o.o. Croatia 48.50 48.50

4 SHW/RWE Umwelt Aqua Vodogradnja d.o.o. Croatia 50.00 50.00

4 RWW Rheinisch-Westfälische Wasserwerksgesellschaft mbH Germany 79.79 79.79

5 Stadtentwässerung Schwerte GmbH Germany 48.00 48.00

3 Alfred Thiel-Gedächtnis-Unterstützungskasse GmbH Germany 50.00 100.00

3 envia Mitteldeutsche Energie AG Germany 38.58 58.57

3 "Finelectra" Finanzgesellschaft für Elektrizitäts-Beteiligungen AG Switzerland 100.00 100.00

3 innogy Gas Storage NWE GmbH Germany 100.00 100.00

3 innogy Stiftung für Energie und Gesellschaft gGmbH Germany 100.00 100.00

3 innogy Kaskasi GmbH Germany 100.00 100.00

3 Westnetz GmbH Germany 100.00 100.00

3 Stadtwerke Velbert GmbH Germany 49.90 49.90

3 Stadtwerke Dülmen Verwaltungs-GmbH Germany 50.00 50.00

3 FSO Verwaltungs-GmbH Germany 50.00 50.00

3 STADTWERKE DÜREN GMBH Germany 49.90 49.90

4 Leitungspartner GmbH Germany 100.00 100.00

3 FSO GmbH & Co. KG Germany 50.00 50.00

3 Stadtwerke Dülmen Dienstleistungs- und Beteiligungs-GmbH & Co. KG Germany 50.00 50.00

3 VSE Aktiengesellschaft Germany 51.37 51.37

4 VKB-GmbH Germany 50.01 50.01

5 energis GmbH Germany 15.41 71.94

6 GNEE Gesellschaft zur Nutzung erneuerbarer Energien mbH Freisen Germany 49.00 49.00

6 Stadtwerke Merzig GmbH Germany 49.90 49.90

6 Stadtwerke Saarlouis GmbH Germany 49.00 49.00

6 SSW Stadtwerke St. Wendel GmbH & Co. KG Germany 49.51 49.51

6 WWW Wasserwerk Wadern GmbH Germany 49.00 49.00

6 Wasserzweckverband der Gemeinde Nalbach Germany 49.00 49.00

6 FAMIS Gesellschaft für Facility Management und Industrieservice mbH Germany 25.10 100.00

7 Awotec Gebäude Servicegesellschaft mbH Germany 48.00 48.00

7 Bäderbetriebsgesellschaft St. Ingbert GmbH Germany 49.00 49.00

7 VKN Saar Geschäftsführungsgesellschaft mbH Germany 51.00 51.00

7 COMCO MCS S.A. Luxembourg 100.00 100.00

7 Thermolux S.a.r.l. Luxembourg 100.00 100.00

7 Breer Gebäudedienste Heidelberg GmbH Germany 45.00 45.00

6 SchlauTherm GmbH Germany 75.00 75.00

6 Gemeindewerke Namborn GmbH Germany 49.00 49.00

6 Kommunale Dienste Marpingen GmbH Germany 49.00 49.00

6 KDT Kommunale Dienste Tholey GmbH Germany 49.00 49.00

6 KEN Geschäftsführungsgesellschaft mbH Germany 50.00 50.00

6 KEN GmbH & Co. KG Germany 46.45 46.45

6 KWS Kommunal-Wasserversorgung Saar GmbH Germany 100.00 100.00

6 KSP Kommunaler Service Püttlingen GmbH Germany 40.00 40.00

6 SSW Stadtwerke St. Wendel Geschäftsführungsgesellschaft mbH Germany 49.52 49.52

6 Stadtwerke Wadern GmbH Germany 49.00 49.00

6 TWE Technische Werke der Gemeinde Ensdorf GmbH Germany 49.00 49.00

6 TWL Technische Werke der Gemeinde Losheim GmbH Germany 49.90 49.90

6 TWM Technische Werke der Gemeinde Merchweiler GmbH Germany 49.00 49.00

6 TWS Technische Werke der Gemeinde Saarwellingen GmbH Germany 51.00 51.00

7 Netzwerke Saarwellingen GmbH Germany 100.00 100.00

6 WVL Wasserversorgung Losheim GmbH Germany 49.90 49.90


66

6 WWS Wasserwerk Saarwellingen GmbH Germany 49.00 49.00

6 Gas- und Wasserwerke Bous-Schwalbach GmbH Germany 49.00 49.00

6 Stadtwerke Dillingen/Saar GmbH Germany 49.00 49.00

6 SWL-energis Netzgesellschaft mbH & Co. KG Germany 50.00 50.00

6 SWL-energis-Geschäftsführungs-GmbH Germany 50.00 50.00

6 energis-Netzgesellschaft mbH Germany 100.00 100.00

6 VSE Agentur GmbH Germany 100.00 100.00

4 Voltaris GmbH Germany 50.00 50.00

4 Fernwärmeversorgung Saarlouis-Steinrausch Investitionsgesellschaft mbH Germany 100.00 100.00

4 Energie-Service-Saar GmbH Germany 50.00 50.00

4 Windpark Perl GmbH Germany 42.00 42.00

4 Windpark Losheim-Britten GmbH Germany 50.00 50.00

4 Windpark Wadern-Felsenberg GmbH Germany 100.00 100.00

4 Windpark Büschdorf GmbH Germany 100.00 100.00

4 energis GmbH Germany 56.53 71.94

4 FAMIS Gesellschaft für Facility Management und Industrieservice mbH Germany 74.90 100.00

4 Energy Ventures GmbH Germany 100.00 100.00

4 prego services GmbH Germany 50.00 50.00

4 Artelis S.A. Luxembourg 90.00 90.00

5 VSE Net GmbH Germany 100.00 100.00

6 EuroSkyPark GmbH Germany 51.00 51.00

5 Cegecom S.A. Luxembourg 100.00 100.00

4 VSE-Stiftung gGmbH Germany 100.00 100.00

4 Metzler K55 VSE (SALUTE) Germany 100.00 100.00

4 VSE Verteilnetz GmbH Germany 100.00 100.00

4 Projecta 14 GmbH Germany 50.00 50.00

4 SHS Ventures GmbH & Co. KGaA Germany 50.00 50.00

4 Windpark Nohfelden-Eisen GmbH Germany 50.00 50.00

4 VSE - Windpark Merchingen VerwaltungsGmbH Germany 100.00 100.00

4 VSE - Windpark Merchingen GmbH & Co. KG Germany 100.00 100.00

3 Stadtwerke Geldern GmbH Germany 49.00 49.00

3 iSWITCH GmbH Germany 100.00 100.00

3 innogy IT Magyarország Kft. Hungary 100.00 100.00

3 wbm Wirtschaftsbetriebe Meerbusch GmbH Germany 40.00 40.00

3 PRENU Projektgesellschaft für Rationelle Energienutzung in Neuss mbH Germany 50.00 50.00

3 Konsortium Energieversorgung Opel beschränkt haftende oHG Germany 66.67 66.67

3 Stadtwerke Radevormwald GmbH Germany 49.90 49.90

3 Rheinland Westfalen Energiepartner GmbH Germany 100.00 100.00

4 Energiepartner Projekt GmbH Germany 49.00 49.00

4 Energiepartner Solar Kreuztal GmbH Germany 40.00 40.00

4 GREEN Gesellschaft für regionale und erneuerbare Energie mbH Germany 10.00 49.16

4 Energiepartner Elsdorf GmbH Germany 40.00 40.00

4 Energiepartner Kerpen GmbH Germany 49.00 49.00

4 Energiepartner Dörth GmbH Germany 49.00 49.00

4 Energiepartner Niederzier GmbH Germany 49.00 49.00

3 Innogy Windpark Jüchen A44n Verwaltungs GmbH Germany 100.00 100.00

3 FAMOS - Facility Management Osnabrück GmbH Germany 49.00 49.00

3 Nordsee Windpark Beteiligungs GmbH Germany 100.00 100.00

3 eprimo GmbH Germany 100.00 100.00

4 enervolution GmbH Germany 100.00 100.00

4 4Motions GmbH Germany 100.00 100.00

3 RWE Innogy Serbia d.o.o. Serbia 100.00 100.00


67

3 Innogy Venture Capital GmbH Germany 74.90 74.90

3 Innogy Renewables Technology Fund I GmbH & Co. KG Germany 78.31 78.31

3 Moravske Hidroelektrane d.o.o. Serbia 51.00 51.00

3 innogy Windpark Bedburg Verwaltungs GmbH Germany 51.00 51.00

3 innogy Windpark Bedburg GmbH & Co. KG Germany 51.00 51.00

3 RL Beteiligungsverwaltung beschr. haft. OHG Germany 51.00 100.00

3 innogy Middle East & North Africa Ltd. United Arab Emirates

100.00 100.00

3 BEW Netze GmbH Germany 61.00 61.00

3 Kavernengesellschaft Staßfurt mbH Germany 50.00 50.00

3 Mainzer Wärme PLUS GmbH Germany 45.00 45.00

3 Greenplug GmbH Germany 49.00 49.00

3 Green Gecco Verwaltungs GmbH Germany 51.00 51.00

3 Green Gecco GmbH & Co. KG Germany 51.00 51.00

4 innogy Titz Windparkbetriebsgesellschaft mbH Germany 100.00 100.00

4 An Suidhe Wind Farm Limited United Kingdom 100.00 100.00

4 innogy Süderdeich Windparkbetriebsgesellschaft mbH Germany 100.00 100.00

4 innogy Hörup Windparkbetriebsgesellschaft mbH Germany 100.00 100.00

4 innogy Lüneburger Heide Windparkbetriebsgesellschaft mbH Germany 100.00 100.00

3 innogy Seabreeze II GmbH & Co. KG Germany 100.00 100.00

3 NRW Pellets GmbH Germany 100.00 100.00

3 AS 3 Beteiligungs GmbH Germany 51.00 51.00

3 innogy Seabreeze II Verwaltungs GmbH Germany 100.00 100.00

3 innogy Renewables Beteiligungs GmbH Germany 100.00 100.00

4 Georgia Biomass Holding LLC USA 5.00 100.00

5 Georgia Biomass LLC USA 100.00 100.00

3 Georgia Biomass Holding LLC USA 95.00 100.00

3 innogy Netze Deutschland GmbH Germany 100.00 100.00

4 Stromnetzgesellschaft Neunkirchen-Seelscheid mbH & Co. KG Germany 48.00 49.00

4 NiersEnergieNetze GmbH & Co. KG Germany 51.00 51.00

4 NiersEnergieNetze Verwaltungs-GmbH Germany 51.00 51.00

4 Gasnetzgesellschaft Wörrstadt Verwaltung mbH Germany 49.00 49.00

4 Verwaltungsgesellschaft Scharbeutzer Energie- und Netzgesellschaft mbH Germany 51.00 51.00

4 Scharbeutzer Energie- und Netzgesellschaft mbH & Co. KG Germany 51.00 51.00

4 Dorsten Netz GmbH & Co. KG Germany 49.00 49.00

4 Verwaltungsgesellschaft Dorsten Netz mbH Germany 49.00 49.00

4 Gas-Netzgesellschaft Rheda-Wiedenbrück GmbH & Co. KG Germany 49.00 49.00

4 Gas-Netzgesellschaft Rheda-Wiedenbrück Verwaltungs-GmbH Germany 49.00 49.00

4 Strom-Netzgesellschaft Kreisstadt Bergheim GmbH & Co. KG Germany 49.00 49.00

4 Netzgesellschaft Betzdorf GmbH & Co. KG Germany 49.00 49.00

4 Strom-Netzgesellschaft Bedburg GmbH & Co. KG Germany 49.00 49.00

4 Gas-Netzgesellschaft Bedburg GmbH & Co. KG Germany 49.00 49.00

4 Netzgesellschaft Bedburg Verwaltungs GmbH Germany 49.00 49.00

4 Gemeindewerke Bissendorf Netz GmbH & Co. KG Germany 49.00 49.00

4 Gemeindewerke Bissendorf Netz Verwaltungs-GmbH Germany 49.00 49.00

4 Strom-Netzgesellschaft Kolpingstadt Kerpen GmbH & Co. KG Germany 49.00 49.00

4 Gas-Netzgesellschaft Kolpingstadt Kerpen GmbH & Co. KG Germany 49.00 49.00

5 Gas-Netzgesellschaft Kolpingstadt Kerpen Verwaltungs-GmbH Germany 100.00 100.00

4 Gas-Netzgesellschaft Kreisstadt Bergheim GmbH & Co. KG Germany 49.00 49.00

4 Netzgesellschaft Kreisstadt Bergheim Verwaltungs-GmbH Germany 49.00 49.00

4 Strom-Netzgesellschaft Elsdorf GmbH & Co. KG Germany 49.00 49.00

4 Netzgesellschaft Elsdorf Verwaltungs-GmbH Germany 49.00 49.00


68

4 Stromnetzgesellschaft Neuenhaus Verwaltungs-GmbH Germany 49.00 49.00

4 Stromnetzgesellschaft Neuenhaus mbH & Co. KG Germany 49.00 49.00

4 Recklinghausen Netzgesellschaft mbH & Co. KG Germany 49.90 49.90

4 Recklinghausen Netz-Verwaltungsgesellschaft mbH Germany 49.00 49.00

4 Energie Mechernich GmbH & Co. KG Germany 49.00 49.00

4 Energie Mechernich Verwaltungs-GmbH Germany 49.00 49.00

4 Stromnetzgesellschaft Schwalmtal mbH & Co. KG Germany 51.00 51.00

4 Stromverwaltung Schwalmtal GmbH Germany 51.00 51.00

4 Netzgesellschaft Rheda-Wiedenbrück GmbH & Co. KG Germany 49.00 49.00

4 Gasnetzgesellschaft Wörrstadt mbH & Co. KG Germany 49.00 49.00

4 Netzgesellschaft Rheda-Wiedenbrück Verwaltungs-GmbH Germany 49.00 49.00

4 Netzgesellschaft Maifeld GmbH & Co. KG Germany 49.00 49.00

4 Netzgesellschaft Maifeld Verwaltungs GmbH Germany 49.00 49.00

4 Gas-Netzgesellschaft Elsdorf GmbH & Co. KG Germany 49.00 49.00

4 Verwaltungsgesellschaft Energieversorgung Timmendorfer Strand mbH Germany 51.00 51.00

4 Energieversorgung Timmendorfer Strand GmbH & Co. KG Germany 51.00 51.00

4 Energieversorgung Horstmar/Laer GmbH & Co. KG Germany 49.00 49.00

4 Netzgesellschaft Südwestfalen mbH & Co. KG Germany 49.00 49.00

4 Südwestfalen Netz-Verwaltungsgesellschaft mbH Germany 49.00 49.00

4 Netzgesellschaft Hüllhorst GmbH Co.KG Germany 49.00 49.00

4 Stromnetz Pulheim Verwaltung GmbH Germany 100.00 100.00

4 Wasser-Netzgesellschaft Kolpingstadt Kerpen GmbH & Co. KG Germany 100.00 100.00

3 innogy Renewables Polska Sp. z o.o. Poland 100.00 100.00

4 Park Wiatrowy Tychowo Sp. z o.o. Poland 100.00 100.00

4 Park Wiatrowy Prudziszki Sp. z o.o. Poland 100.00 100.00

4 Park Wiatrowy Suwalki Sp. z o.o. Poland 100.00 100.00

4 Park Wiatrowy Nowy Staw Sp. z o.o. Poland 100.00 100.00

4 Taciewo Sp. z o.o. Poland 100.00 100.00

4 Krzecin Sp. z o.o. Poland 100.00 100.00

4 Park Wiatrowy Elk Sp. z o.o. Poland 100.00 100.00

4 Park Wiatrowy Opalenica Sp. z o.o. Poland 100.00 100.00

4 Park Wiatrowy Msciwojów Sp. z o.o. Poland 100.00 100.00

4 Park Wiatrowy Smigiel I Sp. z o.o. Poland 100.00 100.00

4 Park Wiatrowy Gaworzyce Sp. z o.o. Poland 100.00 100.00

4 Eko-En 1 Sp.z o.o. Poland 100.00 100.00

4 Piecki Sp. z o.o. Poland 51.00 51.00

4 Park Wiatrowy Dolice Sp. z o.o. Poland 100.00 100.00

3 Energie Schmallenberg GmbH Germany 44.00 44.00

3 innogy indeland Windpark Eschweiler GmbH & Co. KG Germany 51.00 100.00

3 Stadtwerke Kirn GmbH Germany 49.00 49.00

3 innogy Metering GmbH Germany 100.00 100.00

3 Gasgesellschaft Kerken Wachtendonk mbH Germany 49.00 49.00

3 innogy TelNet GmbH Germany 100.00 100.00

3 Beteiligungsgesellschaft Werl mbH Germany 51.00 51.00

3 EnergieServicePlus GmbH Germany 49.00 49.00

3 EfD Energie-für-Dich GmbH Germany 49.00 49.00

3 FUCATUS Vermietungsgesellschaft mbH & Co. Objekt Recklinghausen KG Germany 94.00 94.00

3 Qualitas-AMS GmbH Germany 100.00 100.00

3 innogy Wind Onshore Deutschland GmbH Germany 100.00 100.00

4 Infrastrukturgesellschaft Netz Lübz mbH Germany 100.00 100.00

4 innogy Mistral Windparkbetriebsgesellschaft mbH Germany 100.00 100.00

4 innogy Lengerich Windparkbetriebsgesellschaft mbH Germany 100.00 100.00


69

4 innogy Bergheim Windparkbetriebsgesellschaft mbH Germany 100.00 100.00

4 innogy Sommerland Windparkbetriebsgesellschaft mbH Germany 100.00 100.00

4 innogy Brise Windparkbetriebsgesellschaft mbH Germany 100.00 100.00

4 Primus Projekt GmbH & Co. KG Germany 100.00 100.00

4 innogy Evendorf Windparkbetriebsgesellschaft mbH Germany 100.00 100.00

3 Essent Wind Nordsee Ost Planungs- und Betriebsgesellschaft mbH Germany 100.00 100.00

4 Offshore Trassenplanungs-GmbH OTP i.L. Germany 50.00 50.00

3 WKN Windkraft Nord GmbH & Co. Windpark Wönkhausen KG Germany 100.00 100.00

3 innogy Windpark Jüchen A44n GmbH & Co. KG Germany 100.00 100.00

3 Innogy Renewables Ireland Limited Ireland 100.00 100.00

4 Curns Energy Limited Ireland 70.00 70.00

4 Dromadda Beg Wind Farm Limited Ireland 100.00 100.00

4 Cloghaneleskirt Energy Supply Limited Ireland 100.00 100.00

3 Windpark Paffendorf GmbH & Co. KG Germany 100.00 100.00

4 Windpark Paffendorf Verwaltungs GmbH Germany 100.00 100.00

3 Belectric Solar & Battery GmbH Germany 100.00 100.00

4 Adensis GmbH Germany 100.00 100.00

4 Belectric GmbH Germany 100.00 100.00

5 Belectric JV GmbH Germany 100.00 100.00

6 PV Projects GmbH & Co. KG Germany 50.00 50.00

6 PV Projects Komplementär GmbH Germany 50.00 50.00

5 Photovoltaikkraftwerk Tramm GmbH & Co. KG Germany 100.00 100.00

5 Photovoltaikkraftwerk Tramm Verwaltungs-GmbH Germany 100.00 100.00

5 Climagy PV-Freifeld GmbH & Co. KG Germany 100.00 100.00

5 Climagy PV-Freifeld Verwaltungs-GmbH Germany 100.00 100.00

5 Solarkraftwerk Herlheim GmbH & Co. KG Germany 100.00 100.00

5 Solarkraftwerk Herlheim Verwaltungs GmbH Germany 100.00 100.00

5 Climagy Sonnenstrom GmbH & Co. KG Germany 100.00 100.00

5 Climagy Sonnenstrom Verwaltungs GmbH Germany 100.00 100.00

5 Climagy Sonnenkraft GmbH & Co. KG Germany 100.00 100.00

5 Climagy Sonnenkraft Verwaltungs GmbH Germany 100.00 100.00

5 Solarkraftwerk Oberspiesheim GmbH & Co. KG Germany 100.00 100.00

5 Solarkraftwerk Oberspiesheim Verwaltungs GmbH Germany 100.00 100.00

5 Solarkraftwerk Meuro GmbH & Co. KG Germany 100.00 100.00

5 Solarkraftwerk Meuro Verwaltungs GmbH Germany 100.00 100.00

5 Photovoltaikkraftwerk Reinsdorf GmbH & Co. KG Germany 100.00 100.00

5 Photovoltaikkraftwerk Reinsdorf Verwaltungs GmbH Germany 100.00 100.00

5 Photovoltaikkraftwerk Götz GmbH & Co. KG Germany 100.00 100.00

5 Photovoltaikkraftwerk Götz Verwaltungs GmbH Germany 100.00 100.00

5 Photovoltaikkraftwerk Tramm Netzanschluss GmbH & Co. KG Germany 100.00 100.00

5 Photovoltaikkraftwerk Tramm Netzanschluss Verwaltungs GmbH Germany 100.00 100.00

5 Climagy Stromertrag GmbH & Co. KG Germany 100.00 100.00

5 Climagy Stromertrag Verwaltungs-GmbH Germany 100.00 100.00

5 Photovoltaikkraftwerk Tramm PV-Finanzierung GmbH & Co. KG Germany 100.00 100.00

5 Photovoltaikkraftwerk Tramm PV-Finanzierung Verwaltungs GmbH Germany 100.00 100.00

5 Climagy Photovoltaikprojekt GmbH & Co. KG Germany 100.00 100.00

5 Climagy Photovoltaikprojekt Verwaltungs-GmbH Germany 100.00 100.00

5 Climagy Sonneneinstrahlung GmbH & Co. KG Germany 100.00 100.00

5 Climagy Sonneneinstrahlung Verwaltungs-GmbH Germany 100.00 100.00

5 Photovoltaikkraftwerk Groß Dölln Infrastruktur GmbH & Co. KG Germany 100.00 100.00

5 Photovoltaikkraftwerk Groß Dölln Infrastruktur Verwaltungs-GmbH Germany 100.00 100.00

5 Climagy PV-Sonnenanlage GmbH & Co. KG Germany 100.00 100.00


70

5 Climagy PV-Sonnenanlage Verwaltungs-GmbH Germany 100.00 100.00

5 Focal Energy Photovoltaic Holdings Limited Cyprus 49.50 49.50

5 Ciriè Centrale PV s.a.s. (SRL) Italy 99.90 100.00

5 Santa Severa Centrale PV s.a.s. (SRL) Italy 99.90 100.00

5 Sunpow 1 Sp.z o.o. Poland 100.00 100.00

5 Korproject Energy Sp.z. o.o. Poland 100.00 100.00

5 Warsun Project Sp.z. o.o. Poland 100.00 100.00

5 WK Solar Project Sp.z. o.o. Poland 100.00 100.00

5 Belectric Inc. USA 100.00 100.00

5 SP Solarprojekte 1 GmbH & Co. KG Germany 100.00 100.00

5 SP Solarprojekte 1 Verwaltungs-GmbH Germany 100.00 100.00



5 SP Solarprojekte GmbH & Co. KG Germany 100.00 100.00










4 Belectric PV Dach GmbH Germany 100.00 100.00

4 Belectric International GmbH Germany 100.00 100.00

4 hoch.rein Beteiligungen GmbH Germany 100.00 100.00

5 Belectric Photovoltaic India Private Limited India 91.60 100.00

6 Sunrise Energy Generation Pvt. Ltd. India 100.00 100.00

5 Jurchen Technology India Private Limited India 90.00 100.00

4 Jurchen Technology GmbH Germany 100.00 100.00

5 Jurchen Technology India Private Limited India 10.00 100.00

5 Jurchen Technology USA Inc. USA 100.00 100.00

4 ka-tek GmbH Germany 100.00 100.00

4 Padcon GmbH Germany 100.00 100.00

4 Solar Holding Poland GmbH Germany 100.00 100.00

5 Belectric Photovoltaic India Private Limited India 8.40 100.00

5 Belectric Polska Sp.z. o.o. Poland 100.00 100.00

4 Sun Data GmbH Germany 100.00 100.00

4 Belectric Australia Pty. Limited Australia 100.00 100.00

4 Belectric France S.à.r.l. France 100.00 100.00

5 Belectric PV 5 (SARL) France 100.00 100.00




5 SVFR 12 (SAS) France 100.00 100.00

4 Belectric Israel Ltd. Israel 100.00 100.00

4 Belectric Italia S.R.L. Italy 100.00 100.00

5 Ciriè Centrale PV s.a.s. (SRL) Italy 0.10 100.00

5 Santa Severa Centrale PV s.a.s. (SRL) Italy 0.10 100.00

4 Belectric Inversiones Latinoamericana S.L. Spain 100.00 100.00

5 Belectric Chile Energia Fotovoltaica LTDA Chile 1.00 100.00

6 El Tamarugo (SpA) Chile 100.00 100.00


71

6 El Algarrobo (SpA) Chile 100.00 100.00

6 El Pimiento (SpA) Chile 100.00 100.00

6 El Chañar (SpA) Chile 100.00 100.00

6 El Solar SpA Chile 100.00 100.00

5 Inversiones Belectric Chile LTDA Chile 99.00 100.00

6 Belectric Chile Energia Fotovoltaica LTDA Chile 99.00 100.00

5 Belectric Mexico Fotovoltaica S.de R.L. de C.V. Mexico 99.00 100.00

4 Belectric Espana Fotovoltaica S.L. Spain 100.00 100.00

5 Inversiones Belectric Chile LTDA Chile 1.00 100.00

5 Belectric Mexico Fotovoltaica S.de R.L. de C.V. Mexico 1.00 100.00

5 Quintana Fotovoltaica SLU Spain 100.00 100.00

5 Alvarado Solar S.L. Spain 100.00 100.00

5 Gazules I Fotovoltaica S.L. Spain 100.00 100.00

5 Gazules II Solar S.L. Spain 100.00 100.00

5 Jerez Fotovoltaica S.L. Spain 100.00 100.00

5 Las Vaguadas I Fotovoltaica S.L. Spain 100.00 100.00

5 Las Vaguadas II Solar S.L. Spain 100.00 100.00

5 El Navajo Solar, S.L. Spain 100.00 100.00

5 Clavellinas Solar, S.L. Spain 100.00 100.00

4 Belectric Gulf Limited United Arab Emirates

49.00 49.00

4 Belectric Solar Ltd. United Kingdom 100.00 100.00

5 Storage Facility 1 Ltd. United Kingdom 100.00 100.00

3 DigiKoo GmbH Germany 100.00 100.00

3 innogy e-mobility US LLC USA 100.00 100.00

3 innogy Charge Tech GmbH Germany 100.00 100.00

3 innogy e-Mobility Limited United Kingdom 100.00 100.00

3 innogy Innovation GmbH Germany 100.00 100.00

4 innogy New Ventures LLC USA 100.00 100.00

5 KnGrid, Inc. USA 41.83 41.83

5 Free Electrons LLC USA 100.00 100.00

5 pear.ai Inc. USA 40.00 40.00

4 INNOGY INNOVATION CENTER LTD Israel 100.00 100.00

4 innogy Ventures GmbH Germany 100.00 100.00

5 easyOptimize GmbH Germany 100.00 100.00

5 MotionWerk GmbH Germany 59.70 59.70

5 ucair GmbH Germany 85.00 85.00

5 Veiligebuurt B.V. Netherlands 44.90 44.90

5 Lemonbeat GmbH Germany 100.00 100.00

5 Fresh Energy GmbH Germany 62.50 62.50

5 WeAre GmbH Germany 50.00 50.00

5 innogy Ventures Vermögensverwaltung 4 GmbH Germany 100.00 100.00

5 innogy Ventures Vermögensverwaltung 5 GmbH Germany 100.00 100.00

4 innogy Company Building GmbH Germany 100.00 100.00

4 innogy Innovation UK Ltd. United Kingdom 100.00 100.00

3 Stadtwerke Kamp-Lintfort GmbH Germany 49.00 49.00

3 innogy Zweite Vermögensverwaltungs GmbH Germany 100.00 100.00

4 innogy Beteiligungsholding GmbH Germany 100.00 100.00

5 Süwag Energie AG Germany 77.58 77.58

6 Syna GmbH Germany 100.00 100.00

6 Süwag Vertrieb AG & Co. KG Germany 100.00 100.00

6 KEVAG Telekom GmbH Germany 50.00 50.00


72

6 Kommunalwerk Rudersberg GmbH & Co. KG Germany 49.90 49.90

6 Kommunalwerk Rudersberg Verwaltungs-GmbH Germany 49.90 49.90

6 Netzgesellschaft Leutenbach Verwaltungs-GmbH Germany 49.90 49.90

6 Netzgesellschaft Leutenbach GmbH & Co. KG Germany 49.90 49.90

6 Metzler G55 Süwag (STEWA) Germany 100.00 100.00

6 Stromnetz Verbandsgemeinde Katzenelnbogen GmbH & Co. KG Germany 49.00 49.00

6 Stromnetz Verbandsgemeinde Katzenelnbogen Verwaltungsgesellschaft mbH Germany 49.00 49.00

6 Untermain EnergieProjekt AG & Co. KG Germany 49.00 49.00

6 STROMNETZ VG DIEZ Verwaltungsgesellschaft mbH Germany 49.00 49.00

6 Stromnetz VG Diez GmbH & Co. KG Germany 49.00 49.00

6 Kommunale Netzgesellschaft Steinheim a. d. Murr GmbH & Co. KG Germany 49.00 49.00

6 MAINGAU Energie GmbH Germany 20.47 46.59

6 Süwag Grüne Energien und Wasser GmbH Germany 100.00 100.00

7 Windenergiepark Heidenrod GmbH Germany 45.00 45.00

7 Wasserversorgung Main-Taunus GmbH Germany 49.00 49.00

7 SolarProjekt Mainaschaff GmbH Germany 50.00 50.00

7 Wärmeversorgung Limburg GmbH Germany 50.00 50.00

6 KAWAG AG & Co. KG Germany 49.00 49.00

6 KAWAG Netze GmbH & Co. KG Germany 49.00 49.00

6 KAWAG Netze Verwaltungsgesellschaft mbH Germany 49.00 49.00

6 Netzgesellschaft Korb Verwaltungs-GmbH Germany 49.90 49.90

6 Netzgesellschaft Korb GmbH & Co. KG Germany 49.90 49.90

6 Murrhardt Netz AG & Co. KG Germany 49.00 49.00

6 Energie BOL GmbH Germany 49.90 49.90

6 Netzgesellschaft Bühlertal GmbH & Co. KG Germany 49.90 49.90

6 Netzgesellschaft Ottersweier GmbH & Co. KG Germany 49.90 49.90

6 Netzgesellschaft Lauf GmbH & Co. KG Germany 49.90 49.90

6 Energiegesellschaft Leimen Verwaltungsgesellschaft mbH Germany 74.90 74.90

6 Energiegesellschaft Leimen GmbH & Co. KG Germany 74.90 74.90

6 Süwag Vertrieb Management GmbH Germany 100.00 100.00

6 Bioenergie Kirchspiel Anhausen Verwaltungs-GmbH Germany 100.00 100.00

6 Bioenergie Kirchspiel Anhausen GmbH & Co. KG Germany 51.00 51.00

6 Stromnetz Hofheim GmbH & Co. KG Germany 49.00 49.00

6 Stromnetz Hofheim Verwaltungs GmbH Germany 49.00 49.00

6 EnergieRegion Taunus - Goldener Grund - GmbH & Co. KG Germany 49.00 49.00

7 EnergieRegion Taunus - Goldener Grund Verwaltungsgesellschaft mbH Germany 100.00 100.00

6 Bioenergie Bad Wimpfen Verwaltungs-GmbH Germany 100.00 100.00

6 Bioenergie Bad Wimpfen GmbH & Co. KG Germany 51.00 51.00

5 innogy Česká republika a.s. Czech republic 100.00 100.00

6 innogy TelNet Holding, s.r.o. Czech republic 100.00 100.00

6 innogy Gas Storage, s.r.o. Czech republic 100.00 100.00

6 innogy Zákaznické služby, s.r.o. Czech republic 100.00 100.00

6 innogy Grid Holding, a.s. Czech republic 50.04 50.04

7 GasNet, s.r.o. Czech republic 100.00 100.00

7 GridServices, s.r.o. Czech republic 100.00 100.00

6 innogy Energo, s.r.o. Czech republic 100.00 100.00

6 innogy Energie, s.r.o. Czech republic 100.00 100.00

3 innogy Dritte Vermögensverwaltungs GmbH Germany 100.00 100.00

3 AVU Aktiengesellschaft für Versorgungs-Unternehmen Germany 50.00 50.00

3 Gemeindewerke Everswinkel GmbH Germany 45.00 45.00

3 Stadtwerke Lingen GmbH Germany 40.00 40.00

3 Centrale Hydroelectrique d'Oussiat S.A.S. France 0.00 100.00


73

3 Energies Charentus S.A.S. France 0.00 100.00

3 Energies France S.A.S. France 100.00 100.00

4 Centrale Hydroelectrique d'Oussiat S.A.S. France 100.00 100.00

4 Energies Charentus S.A.S. France 100.00 100.00

4 Energies Saint Remy S.A.S. France 100.00 100.00

4 Energies VAR 1 S.A.S. France 100.00 100.00


4 SAS Île de France S.A.S. France 100.00 100.00

4 Energies Maintenance S.A.S. France 100.00 100.00

3 Energies Saint Remy S.A.S. France 0.00 100.00



3 SAS Île de France S.A.S. France 0.00 100.00

3 INVESTERG - Investimentos em Energias, Sociedade Gestora de Participações Sociais, Lda.

Portugal 100.00 100.00

4 SOLARENGO Energia, Unipessoal, Lda. Portugal 100.00 100.00

4 LUSITERG - Gestão e Produção Energética, Lda. Portugal 74.00 74.00

5 ATBERG - Eólicas do Alto Tâmega e Barroso, Lda. Portugal 40.00 40.00

3 BTB-Blockheizkraftwerks, Träger- und Betreibergesellschaft mbH Berlin Germany 100.00 100.00

4 Energienetze Berlin GmbH Germany 100.00 100.00

3 innogy Spain, S.A.U. Spain 100.00 100.00

4 Eólica de Sarnago, S.A. Spain 47.04 51.56

4 General de Mantenimiento 21, S.L.U. Spain 100.00 100.00

4 Hidroeléctrica del Trasvase, S.A. Spain 60.00 60.00

4 Danta de Energías, S.A. Spain 98.65 98.65

5 Eólica de Sarnago, S.A. Spain 4.52 51.56

5 Infraestructuras de Aldehuelas, S.A. Spain 39.18 100.00

4 Explotaciones Eólicas de Aldehuelas, S.L. Spain 95.00 95.00

5 Infraestructuras de Aldehuelas, S.A. Spain 60.82 100.00

3 MITGAS Mitteldeutsche Gasversorgung GmbH Germany 0.01 75.40

3 ESK GmbH Germany 100.00 100.00

3 innogy International Participations N.V. Netherlands 100.00 100.00

4 innogy Finance B.V. Netherlands 100.00 100.00

4 innogy Benelux Holding B.V. Netherlands 100.00 100.00

5 innogy Renewables Benelux B.V. Netherlands 100.00 100.00

6 innogy Offshore Wind Netherlands B.V. Netherlands 100.00 100.00

7 innogy Offshore Wind Netherlands Participations I B.V. Netherlands 100.00 100.00

8 Oranje Wind Power B.V. Netherlands 50.00 100.00

8 Oranje Wind Power C.V. Netherlands 50.00 100.00

7 innogy Offshore Wind Netherlands Participations II B.V. Netherlands 100.00 100.00



7 innogy Offshore Wind Netherlands Participations III B.V. Netherlands 100.00 100.00



7 innogy Offshore Wind Netherlands Participations IV B.V. Netherlands 100.00 100.00



6 innogy Windpower Netherlands B.V. Netherlands 100.00 100.00

7 Windpark Kattenberg B.V. Netherlands 100.00 100.00

7 Windpark Zuidwester B.V. Netherlands 100.00 100.00

7 Aktivabedrijf Wind Nederland B.V. Netherlands 100.00 100.00


74

7 Windpark Oostpolderdijk B.V. Netherlands 100.00 100.00

7 Windpark Eekerpolder B.V. Netherlands 100.00 100.00

6 innogy Solar Netherlands B.V. Netherlands 100.00 100.00

5 Essent N.V. Netherlands 100.00 100.00

6 Essent Nederland B.V. Netherlands 100.00 100.00

7 Powerhouse B.V. Netherlands 100.00 100.00

8 Powerhouse Energy Solutions S.L. Spain 100.00 100.00

7 Essent IT B.V. Netherlands 100.00 100.00

7 Essent Retail Energie B.V. Netherlands 100.00 100.00

8 EGG Holding B.V. Netherlands 100.00 100.00

9 GasWacht Friesland Facilities B.V. Netherlands 100.00 100.00

9 Bakker CV Installatietechniek B.V. Netherlands 100.00 100.00

9 GasWacht Friesland B.V. Netherlands 100.00 100.00

9 N.V. Energiewacht-Groep Netherlands 100.00 100.00

9 Energiewacht-Gazo B.V. Netherlands 100.00 100.00

9 Energiewacht VKI B.V. Netherlands 100.00 100.00

9 Energiewacht-A.G.A.S.-Deventer B.V. Netherlands 100.00 100.00

9 Energiewacht Facilities B.V. Netherlands 100.00 100.00

9 Sebukro B.V. Netherlands 100.00 100.00

9 Energiewacht Steenwijk B.V. Netherlands 100.00 100.00

8 Volta Limburg B.V. Netherlands 100.00 100.00

9 Volta Solar B.V. Netherlands 95.00 95.00

9 Volta Service B.V. Netherlands 100.00 100.00

9 Volta Energycare N.V. Belgium 100.00 100.00

9 Volta Solar VOF Netherlands 60.00 60.00

8 Essent Belgium N.V. Belgium 0.01 100.00

8 Kemkens B.V. Netherlands 49.00 49.00

8 Geas Energiewacht B.V. Netherlands 100.00 100.00

8 Energiewacht N.V. Netherlands 100.00 100.00

9 EGD-Energiewacht Facilities B.V. Netherlands 100.00 100.00

9 Energiewacht West Nederland B.V. Netherlands 100.00 100.00

9 Energiewacht installatie B.V. Netherlands 100.00 100.00

8 Isoprofs B.V. Netherlands 100.00 100.00

8 Essent EnergieBewust Holding B.V. Netherlands 100.00 100.00

9 It's a beautiful world B.V. Netherlands 100.00 100.00

9 Hof Promotion B.V. Netherlands 100.00 100.00

7 Essent Energie Verkoop Nederland B.V. Netherlands 100.00 100.00

7 Energiedirect B.V. Netherlands 100.00 100.00

7 Essent Belgium N.V. Belgium 99.99 100.00

7 Essent Energy Group B.V. Netherlands 100.00 100.00

7 WTTP B.V. Netherlands 100.00 100.00

7 Essent Sales Portfolio Management B.V. Netherlands 100.00 100.00

8 Essent CNG Cleandrive B.V. Netherlands 100.00 100.00

9 Esta V.O.F. Netherlands 50.00 50.00

7 innogy Business Services Benelux B.V. Netherlands 100.00 100.00

4 innogy Polska S.A. Poland 100.00 100.00

5 innogy Polska Solutions Sp. z o.o. Poland 100.00 100.00

5 innogy Stoen Operator Sp. z o.o. Poland 100.00 100.00

5 Fundacja innogy w Polsce Poland 100.00 100.00

5 Foton Technik Sp. z o.o. Poland 50.42 50.42

5 innogy Polska Contracting Sp. z o.o. Poland 100.00 100.00

6 innogy Energetyka Zachod Sp. z o.o. Poland 100.00 100.00


75

6 Energetyka Wschod Sp. z o.o. Poland 100.00 100.00

6 innogy Energetyka Trzemeszno Sp. z o.o. Poland 100.00 100.00

4 RWE-EnBW Magyarország Energiaszolgáltató Korlátolt Felelösségü Társaság Hungary 70.00 70.00

4 innogy South East Europe s.r.o. Slovakia 100.00 100.00

5 innogy Solutions s.r.o. Slovakia 100.00 100.00

4 Východoslovenská energetika Holding a.s. Slovakia 49.00 49.00

5 Východoslovenská energetika a.s. Slovakia 100.00 100.00

5 Východoslovenská distribucná, a.s. Slovakia 100.00 100.00

5 innogy Slovensko s.r.o. Slovakia 100.00 100.00

5 VSE Call centrum, s.r.o. Slovakia 100.00 100.00

5 VSE Ekoenergia, s.r.o. Slovakia 100.00 100.00

4 RWE Hrvatska d.o.o. Croatia 100.00 100.00

5 Novenerg limited liability company for energy activities Croatia 50.00 50.00

5 RWE Ljubljana d.o.o. Slovenia 100.00 100.00

6 Energenti plus d. o. o. Slovenia 100.00 100.00

5 RWE Energija d.o.o. Croatia 100.00 100.00

5 RWE Plin d.o.o. Croatia 100.00 100.00

5 Koprivnica Opskrba d.o.o. Croatia 75.00 75.00

5 Koprivnica Plin d.o.o. Croatia 75.00 75.00

4 Budapesti Elektromos Muvek Nyrt. Hungary 55.25 55.25

5 ELMU-ÉMÁSZ Energiakereskedo Kft. Hungary 50.00 100.00

5 Budapesti Disz- es Közvilagitasi Korlatolt Felelössegü Tarsasag Hungary 50.00 50.00

5 ELMU-ÉMÁSZ Energiaszolgáltató Zrt. Hungary 70.00 100.00

5 ELMU DSO Holding Korlátolt Felelosségu Társaság Hungary 100.00 100.00

6 ELMU Halozati Eloszto Kft. Hungary 100.00 100.00

5 ELMU-ÉMÁSZ Ügyfélszolgálati Kft. Hungary 70.00 100.00

5 ELMU-ÉMÁSZ Halozati Szolgáltató Kft. Hungary 65.00 100.00

5 ELMU-ÉMÁSZ Energiatároló Kft. Hungary 100.00 100.00

5 RWE Energie S.R.L. Romania 100.00 100.00

4 Eszak-magyarorszagi Aramszolgáltató Nyrt. Hungary 54.26 54.26

5 ELMU-ÉMÁSZ Energiakereskedo Kft. Hungary 50.00 100.00

5 ELMU-ÉMÁSZ Energiaszolgáltató Zrt. Hungary 30.00 100.00

5 ÉMÁSZ DSO Holding Korlátolt Felelosségu Társaság Hungary 100.00 100.00

6 ÉMÁSZ Halozati Kft. Hungary 100.00 100.00

5 ELMU-ÉMÁSZ Ügyfélszolgálati Kft. Hungary 30.00 100.00

5 ELMU-ÉMÁSZ Halozati Szolgáltató Kft. Hungary 35.00 100.00

5 RWE Energie S.R.L. Romania 0.00 100.00

4 RWE East, s.r.o. Czech republic 100.00 100.00

4 Npower Group plc United Kingdom 100.00 100.00

5 Innogy Solutions Ireland Limited Ireland 100.00 100.00

5 Npower Northern Limited United Kingdom 100.00 100.00

6 Npower Business and Social Housing Limited United Kingdom 100.00 100.00

6 Octopus Electrical Limited United Kingdom 100.00 100.00

6 Npower Northern Supply Limited United Kingdom 100.00 100.00

5 Npower Direct Limited United Kingdom 100.00 100.00

5 Npower Limited United Kingdom 100.00 100.00

6 Plus Shipping Services Limited United Kingdom 100.00 100.00

6 PS Energy UK Limited United Kingdom 100.00 100.00

6 RUMM Limited United Kingdom 100.00 100.00

6 Npower Commercial Gas Limited United Kingdom 100.00 100.00

6 Npower Financial Services Limited United Kingdom 100.00 100.00

6 Npower Gas Limited United Kingdom 100.00 100.00


76

5 Npower Yorkshire Limited United Kingdom 100.00 100.00

6 Npower Yorkshire Supply Limited United Kingdom 100.00 100.00

6 Scarcroft Investments Limited United Kingdom 100.00 100.00

4 Kärntner Energieholding Beteiligungs GmbH Austria 49.00 49.00

4 innogy Renewables Canada Inc. Canada 100.00 100.00

4 innogy Hungária Tanácsadó Kft. Hungary 100.00 100.00

5 innogy solutions Kft. Hungary 100.00 100.00

2 RWE Enerji Toptan Satis A.S. Turkey 100.00 100.00

2 RWE & Turcas Güney Elektrik Üretim A.S. Turkey 69.80 69.80

3 RWE & Turcas Dogalgaz Ithalat ve Ihracat A.S. Turkey 100.00 100.00

2 RWE Rheinhessen Beteiligungs GmbH Germany 100.00 100.00

3 EWR Dienstleistungen GmbH & Co. KG Germany 50.00 50.00

2 GBV Vierunddreißigste Gesellschaft für Beteiligungsverwaltung mbH Germany 100.00 100.00

1 Alfred Thiel-Gedächtnis-Unterstützungskasse GmbH Germany 50.00 100.00

1 RWE Pensionsfonds AG Germany 100.00 100.00

1 RWE Supply & Trading GmbH Germany 100.00 100.00

2 RWE Supply & Trading CZ, a.s. Czech republic 100.00 100.00

2 RWE Trading Services GmbH Germany 100.00 100.00

2 Catalina-Cypress Holding Limited United Kingdom 100.00 100.00

2 RWE Trading Americas Inc. USA 100.00 100.00

2 RWE Supply & Trading Participations Limited United Kingdom 100.00 100.00

2 RWE Supply & Trading Asia-Pacific PTE. LTD. Singapore 100.00 100.00

3 PT Rheincoal Supply & Trading Indonesia, PT Indonesia 0.20 100.00

3 RWE Supply & Trading (India) Private Limited India 0.01 100.00

2 PT Rheincoal Supply & Trading Indonesia, PT Indonesia 99.80 100.00

2 RWE Supply & Trading (India) Private Limited India 99.99 100.00

2 RWE SUPPLY TRADING TURKEY ENERJI ANONIM SIRKETI Turkey 100.00 100.00

2 RWE Supply & Trading CZ GmbH Germany 100.00 100.00

2 RWEST PI LNG HOLDING LLC USA 100.00 100.00

3 RWEST PI LNG 1 LLC USA 100.00 100.00

3 RWEST PI LNG 2 LLC USA 100.00 100.00

4 REV LNG SSL BC LLC USA 85.00 85.00

2 RWEST PI WALDEN HOLDING LLC USA 100.00 100.00

3 RWEST PI WALDEN 1 LLC USA 100.00 100.00

4 WALDEN GREEN ENERGY LLC USA 60.70 60.70

2 RWEST PI FRE Holding LLC USA 100.00 100.00

2 RWEST Middle East Holdings B.V. Netherlands 100.00 100.00

2 PI E&P Holding Limited Cayman Islands 100.00 100.00

3 PI E&P US Holding LLC USA 100.00 100.00

4 Ascent Energy LLC USA 49.60 49.60

2 RWE Rhein Oel Ltd. United Kingdom 100.00 100.00

2 RWE Trading Services Ltd. United Kingdom 100.00 100.00

2 RWE Supply & Trading Switzerland S.A. Switzerland 100.00 100.00

2 RWE NSW PTY LTD Australia 100.00 100.00

3 LDO Coal Pty. Ltd. Australia 40.00 40.00

3 Fassi Coal Pty. Ltd. Australia 40.00 40.00

1 Metzler MI-G50 RWE AG Germany 100.00 100.00

1 RWE Nuclear GmbH Germany 100.00 100.00

1 GBV Einunddreißigste Gesellschaft für Beteiligungsverwaltung mbH Germany 100.00 100.00

2 E & Z Industrie-Lösungen GmbH Germany 100.00 100.00

1 GBV Zweiunddreißigste Gesellschaft für Beteiligungsverwaltung mbH Germany 100.00 100.00

1 GBV Dreiunddreißigste Gesellschaft für Beteiligungsverwaltung mbH Germany 100.00 100.00


77

1 Trinkaus Secondary GmbH & Co. KGaA Germany 42.86 42.86

1 RWE Generation UK Holdings plc United Kingdom 0.00 100.00

1 Rhenas Insurance Limited Malta 100.00 100.00

1 BGE Beteiligungs-Gesellschaft für Energieunternehmen mbH Germany 100.00 100.00

2 GBV Siebte Gesellschaft für Beteiligungsverwaltung mbH Germany 100.00 100.00

2 Rhenas Insurance Limited Malta 0.00 100.00

1 GfV Gesellschaft für Vermögensverwaltung mbH Germany 100.00 100.00

2 Alte Haase Bergwerks-Verwaltungs-Gesellschaft mbH Germany 100.00 100.00


78

Annex 2: Overview of mutual agreements in place between the company and

related parties in the last accounting period

Contracting Party Type of Agreement / Subject Matter of Agreement

Number of Agreements

innogy Energie, s.r.o. Framework Agreement on Contracts for Information Technology and Electronic Communications Services

1

Contract for Information Technology and Electronic Communications Services 2

Addenda 1 and 2 to Agreement on Contracts for Information Technology and Electronic Communications Services

2

Master Agreement on Contracts for Services in Accounting and Taxes 1

Contract for Services in Accounting and Taxes 2

Addendum 1 to Contract for Services in Accounting and Taxes 1

Agreement on Personal Data Processing 2

Agreement on Business Space Lease 1

Addenda 1 to 13 to Agreement on Business Space Lease 13

Loan Agreement 1

Addenda 1 to 3 to Loan Agreement 3

Agreement on Bundled Gas Supply Services 1

Addenda 1 and 12 to Agreement on Bundled Gas Supply Services 12

Agreement on Bundled Electricity Supply Services for MV 1

Addenda 1 and 2 to Agreement on Bundled Electricity Supply Services 2

Agreement on Bundled Electricity Supply Services for LV 1

Addenda 1 to 8 to Agreement on Bundled Electricity Supply Services for LV 8

Agreement on Bundled Electricity Supply Services from LV Grids 1

Master Agreement on Contracts for Services in Facility Management, Fleet

Management and Procurement 1

Contract for Services in Facility Management, Fleet Management and

Procurement 1


79



Master Agreement on Contracts for Corporate Services 1

Contract for Corporate Services 2

Addendum 1 to Contract for Corporate Services 1

Agreement on Business Space Sublease 1

Grant of Consent to Trademark Use 1

Agreement on Real One-way Cash Pooling 1

Agreement on Multi-tier Flexi On-line Cash Pooling 1

Agreement on Insurance Premium Payment 1

GridServices, s.r.o. Agreement on Non-residential Space Lease 1

Addenda 1 to 15 to Agreement on Non-residential Space Lease 15





Agreement on Services in Corporate SAP Systems 1

Addendum 1 to Agreement on Services in Corporate SAP Systems 1

Master Agreement on Contracts for Services in Facility Management, Fleet


Contract for Services in Facility Management, Fleet Management and

Procurement 2

Addendum 1 to Contract for Services in Facility Management, Fleet






80



Framework Agreement on Contracts for IT and Electronic Communications Services

1

Contract for IT and Electronic Communications Services 2

Addenda 1 and 2 to Contract for IT and Electronic Communications Services 2




Agreement on the Assignment of the Licence for CAD Schemes and EL-Revize 1

innogy Energo, s.r.o. Framework Agreement on Contracts for Services in Facility Management, Fleet Management and Procurement

1

Contract for Services in Facility Management, Fleet Management and Procurement

1



Agreement on Personal Data Processing pro SLA 1



Agreement on Non-residential Space Lease 1

Addendum 1 to Agreement on Non-residential Space Lease 1

Agreement on Non-residential Space Sublease 1

Addenda 1 to 3 to Agreement on Non-residential Space Sublease 3



Loan Agreement 1

Addenda 1 and 2 to Loan Agreement 2


81



Agreement on the Non-profit Transfer of Jointly Used Services Related to Electrical Energy Supply from a Subsidiary Electricity Meter

2

Purchase Agreement 1

Agreement on Electricity, Heat and Cooling Supply 3

Addendum 1 to Agreement on Electricity, Heat and Cooling Supply 1

Trigeneration Lease Agreement 1

Agreement on Rights Assignment and Obligations Acceptance 1



Framework Agreement on Contracts for Information Technology and Electronic Communications Services

1


Addendum 1 to Contract for Information Technology and Electronic Communications Services

1

Agreement on an Option to Build on Third-party Land 2


Agreement on the Transfer of an Ownership Interest 1


Licence Agreement with Agreement on Basic Maintenance of and Support for the ZIS SoD Application

1

Addendum 1 to Licence Agreement with Agreement on Basic Maintenance of and Support for the ZIS SoD Application

1

GasNet, s.r.o. Framework Agreement on Contracts for Information Technology and Electronic Communications Services

1


Addenda 1 and 2 to Agreement on Contracts for Information Technology and Electronic Communications Services

2




82









Agreement on Non-residential Space Lease 1

Addenda 1 to 11 to Agreement on Non-residential Space Lease 11

Purchase Agreement 1

Agreement on the Provision of Rights to Intangible Assets 2



Cash-pooling Facilities Agreement 1

Amendment 1 to Cash-pooling Facilities Agreement 1



Agreement on Electricity Provision and Cost Allocation 3

Framework Agreement - Facility Management, Fleet Management and Procurement SLA

1


1

Framework Agreement – SLA on Corporate Services 1

Agreement on Corporate Services 1

Letter of Intent on a Purchase Agreement 1


83



Purchase Agreement and Easement Agreement 1


Addendum 1 to Agreement on Services in Corporate SAP Systems 1



Restated Assets Under Construction Facility Agreement 1

Restated Working Capital Facility Agreement 1

Restated Long Term Shareholder Loan Facility Agreement 1

Restated Deposit Line Agreement 1

Amendment l to Restated Deposit Line 1

Agreement on Mutual Set-off of Receivables 1

Liability assumption agreement 1


RWE Supply & Trading CZ, a.s. Agreement on Business Space Lease 1


Framework Agreement on Services in Facility Management, Fleet Management and Procurement

1

Addendum 1 to Framework Agreement on Services in Facility Management, Fleet Management and Procurement

1

Agreement on Services in Facility Management, Fleet Management and Procurement

1


Addendum 1 to Master Agreement on Corporate Services 1

Agreement on Corporate Services 1



84







1

Agreement on Contracts for Information Technology and Electronic Communications Services

1

Addendum 1 to Agreement on Contracts for Information Technology and Electronic Communications Services

1

Loan Agreement 1


Facility Agreement 1



Agreement on ReDat 3 System Use and Management 1

Addendum 1 to Agreement on ReDat 3 System Use and Management 1




innogy Grid Holding, a.s. Agreement on Business Space Lease 1

Addendum 1 to Agreement on Business Space Lease 1




Liability Assumption Agreement 1


85



Agreement on Personal Data Processing for SLA 1



RWE East, s.r.o. Framework Agreement on Contracts for Information Technology and Electronic Communications Services

1

Agreement on Contracts for Information Technology and Electronic Communications Services

1


1




Framework Agreement on Contracts for Services in Facility Management, Fleet Management and Procurement

1


1



Loan Agreement 1





innogy Gas Storage, s.r.o.


1



1



86







1





Agreement on Services in SLA on Technological Systems GS 1

Agreement on the Discharge of the Obligation under the Agreement on Services in SLA on Technological Systems GS

1

Loan Agreement 1



Agreement on Advice on Management 1



1


1

Agreement on Personal Data Processing for a Contract for Services in Facility Management, Fleet Management and Procurement

1




Addenda 1 and 2 to Agreement on Services in Corporate SAP Systems 2


87





Land Lease Agreement 1

Addendum 1 to Land Lease Agreement 1


innogy Zákaznické služby, s.r.o. Loan Agreement 1


Agreement on Cash Pooling 1






1


2

Addendum 1 to Contract for Services in Facility Management, Fleet Management and Procurement

1









88



Framework Agreement on Contracts for IT and Electronic Communications Services

1

Contract for IT and Electronic Communications Services 2

Addenda 1 and 2 to Contract for IT and Electronic Communications Services 2




innogy SE Agreement on the Transfer of an Ownership Interest 1

Agreement on Cross-border Functional Steering in Retail Energy Management 1

Agreement on Mutual Set-off of Receivables 1

Agreement on the Intermediation of Procurement and Licences 1

Service Agreement 1

Agreement on Services in Group Procurement and Information Technology 1

Licence Agreement 10

SLA Agreement – Nearshoring 1

Case Study and PR Release 1

Loan Facility Agreement 1

Deposit Facility Agreement 1

Contract - Access to the AI-TEX Electronic Platform 1

Management Consulting Agreement 4


RWE Aktiengesellschaft Loan Contract 1



89



Contract - Access to the I-TEX Electronic Platform 1

Declaration of Accession 1

RWE Supply & Trading GmbH Lease Agreement 1

Addendum 1 to Lease Agreement 1

Agreement on Mail Room Services 1

innogy International Participations N.V. Loan Contract 2

Agreement on Mutual set-off of Receivables 2

innogy Slovensko, s.r.o. Consulting Agreement 1

Agreement on Grant of User Rights to SAP IS-U 1

Addendum 1 to Agreement on Grant of User Rights to SAP IS-U 1


innogy South East Europe s.r.o. Consulting Agreement 1

Consultancy Agreement on Feasibility Study 1

innogy Solutions s.r.o. Framework Agreement on Loan Provision Conditions 1


Východoslovenská energetika holding a.s. Framework Cooperation Agreement 1

Consulting Agreement 2

innogy Consulting GmbH Agreement on Lease of Personnel 1

Essent Nederland B.V. Agreement on Lease of Personnel 1

RWE ENERGIJA d.o.o. Agreement on Services in Finances and Risk Management 1

RWE Hrvatska d.o.o. Agreement on Services in Finances and Risk Management 1

RWE Plin d.o.o. Agreement on Services in Finances and Risk Management 1


90



innogy Polska S.A. Sub-licence Agreement 1

innogy Business Services Polska Service Contract 1

innogy Gas Storage NWE GmbH NDA Confidentiality Agreement 1

RWE Service GmbH Agreement on Transferring Insurance Payments 1

Management Consulting Agreement 1

Innogy Energie, s.r.o. Innogy Gas Storage, s.r.o. GasNet, s.r.o. GridServices, s.r.o.

Agreement on Re-branding Costs Re-invoicing 1


91


92

Documents

Key ratios of innogy Česká republika a.s. (Czech...EBITDA (CZK m)** 14,380 Operating result (CZK m)** 11,209 Profit before taxation (CZK m)** 10,512 Profit after taxation (CZK m)**

Key ratios of innogy Česká republika a.s. (Czech...EBITDA (CZK m) 14,380 Operating result (CZK m) 11,209 Profit before taxation (CZK m) 10,512 Profit after taxation (CZK m)