Note 51 Related party disclosures

Vattenfall AB is 100%-owned by the Swedish state. The Vattenfall Group’s products and services are offered to the state, state authorities and state companies in competition with other vendors under generally accepted commercial terms. In a similar manner, Vattenfall AB and its Group companies purchase products and services from state authorities and companies at market prices and otherwise under generally accepted commercial terms. No significant share of the Vattenfall Group’s net sales, purchasing or earnings is attributable to the Swedish state or any of its authorities or companies.

Disclosures of transactions with key persons in executive positions in the company are shown in Note 47 to the consolidated accounts, Average number of employees and personnel costs.

Disclosures of transactions with associated companies in 2008 and associated receivables and liabilities as per 31 December 2008 are described below.

SwePol Link AB

SwePol Link AB handles the electricity cable that links together the Nordic and Polish electricity systems in the aim of achieving higher delivery reliability and more effective utilisation of generation plants. Purchases from the company amounted to SEK 187 million. Trade receivables as per 31 December amounted to SEK 331 million. Trade liabilities to the company amounted to SEK 18 million.

PiteEnergi AB

PiteEnergi sells electricity, heat, broadband Internet access and other services in the Piteå area. Electricity is generated by the company’s own hydro power plants. Vattenfall’s sales revenue from the company amounted to SEK 24 million. Trade receivables as per 31 December amounted to SEK 1 million.

Plusenergi AB

The main product consists of electricity sales to both retail and corporate customers. The company focuses on the market in Sweden’s Västra Götaland region. Vattenfall’s sales revenue from the company amounted to SEK 28 million. Trade receivables as per 31 December totalled SEK 2 million, while interest-bearing receivables amounted to SEK 5 million.

Luleå Energi AB

Luleå Energi’s business areas include electricity trading operations, generation and distribution of district heating and optical network activities. Vattenfall’s sales revenue from the company amounted to SEK 472 million. Trade receivables as per 31 December totalled SEK 2 million, while trade liabilities amounted to SEK 5 million.

Gulsele AB

Gulsele sells electricity generated by its own hydro power plants. Vattenfall’s interest income from the company amounted to SEK 2 million.

Ensted Havn I/S

This is a deep-sea harbour that Vattenfall uses as a coal depot. Vattenfall’s sales revenue from the company amounted to SEK 5 million, while purchases from the company amounted to SEK 165 million. Trade receivables and trade liabilities as per 31 December amounted to SEK 1 million and SEK 67 million, respectively.

Kernkraftwerk Brokdorf GmbH & Co. oHG

This is a nuclear power plant from which Vattenfall purchases electricity. Purchases amounted to SEK 574 million. Sales revenue from the company amounted to SEK 2 million. Vattenfall’s interest expense to the company amounted to SEK 65 million. Trade liabilities and loan liabilities as per 31 December amounted to SEK 133 million and SEK 3,970 million, respectively.

Kernkraftwerk Krümmel GmbH & Co. oHG

This is a nuclear power plant from which Vattenfall purchases electricity. Purchases amounted to SEK 1,476 million. Sales revenue from the company amounted to SEK 683 million. Vattenfall’s interest expense to the company amounted to SEK 378 million. Trade receivables amounted to SEK 63 million as per 31 December and interest-bearing receivables amounted to SEK 340 million. Trade liabilities and loan liabilities as per 31 December amounted to SEK 654 million and SEK 10,042 million, respectively.

Kernkraftwerk Stade GmbH & Co. oHG

This is a nuclear power plant that is being decommissioned. Vattenfall’s purchases from the company amounted to SEK 185 million. Vattenfall’s interest expense to the company amounted to SEK 103 million. Trade liabilities and loan liabilities as per 31 December amounted to SEK 131 million and SEK 2,869 million, respectively.

GASAG Berliner Gaswerke AG

GASAG Berliner Gaswerke sells, distributes and stores natural gas in the Berlin area. Vattenfall received SEK 79 million in sales revenue from the company, and purchases from the company totalled SEK 3,936 million. Trade receivables amounted to SEK 4 million, while trade liabilities amounted to SEK 509 million.

ENSO Energie Sachsen Ost AG

The company generates and distributes electricity and heat. The company also provides services in gas, water, telecommunications and waste collection. Vattenfall received SEK 2,292 million in sales revenue from the company, while purchases amounted to SEK 277 million. Trade receivables and liabilities as per 31 December amounted to SEK 156 million and SEK 1 million, respectively.

Städtische Werke AG, Kassel

This company provides electricity, heat, gas, water and waste collection services. Vattenfall’s sales revenue from the company amounted to SEK 2,242 million, while purchases from the company amounted to SEK 2,259 million. Trade receivables and trade liabilities as per 31 December amounted to SEK 251 million and SEK 250 million, respectively.

EHA Energie Handels Gesellschaft mbH & Co.KG

The company buys and sells electricity and gas. The company also provides administrative and consulting services. Vattenfall's sales revenue from EHA amounted to SEK 625 million, while purchases from the company amounted to SEK 140 million. Operating liabilities as per 31 December amounted to SEK 1 million.

DOTI Deutsche Offshore Testfeldt und Infrastructure GmbH KG

DOTI conducts planning work and operates an offshore wind power test facility. Vattenfall’s purchases from the company amounted to SEK 1 million.