Note 52 Important estimations and assessments

The various provisions made in Vattenfall’s consolidated balance sheet are reviewed on an annual basis. The review of 2008 has led to changes in earlier assumptions about discount rates in the calculation of provisions as follows:

For pension provisions in Sweden, the discount rate was adjusted from 4.5% to 4.0% compared with a year ago. In Germany the corresponding discount rate was adjusted from 5.25% to 5.75%.

For provisions for future expenses of nuclear operations in Sweden, the discount rate was adjusted from 5.0% to 4.5%. The corresponding discount rate in Germany, which also is applicable for provisions for future expenses of mining operations and other environmental measures/undertakings, was adjusted from 5.5% to 5.25%.

For other provisions than those mentioned above, the discount rate is unchanged compared with a year ago, at 5.0%, for provisions made in the Nordic countries, while the discount rate for such provisions made in Germany, was adjusted from 5.5% to 5.0%.