Dagens Industri says that Vattenfall in three years lost a total of 52 billion.
Falling electricity prices have made the power plants dropped dramatically, and only in 2015 did the Waterfall writedowns of 36 billion.
But the danger of further impairment does not appear to be over. It shows a sensitivity analysis made by Vattenfall, says Times.
Although the price of electricity drops only slightly so it can mean substantial fluctuations in coal and gas power plants in both Germany and the Netherlands.
a decrease in the price of electricity at 5 percent and unchanged fuel costs and carbon emissions could mean a reduction in the value of fossil-based assets in the two countries by between 15-27 percent, according to Vattenfall’s own estimates.
“This would lead to further write-downs of approximately SEK 12 billion, “the company said in the annual report under the Dagens Industri
the annual report also shows how much Vattenfall’s CEO gets paid. In 2015, Magnus Hall a total of SEK 18.6 million in salary and pension provisions.
The same year, Vattenfall reported a loss of 28.2 billion before tax.
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