30. Contingent Liabilities
31. Related Party Transactions
32. Post Balance Sheet Events
33. Details Of Principal Subsidiary Undertakings,
Associates & Joint Ventures
The Company is aware of the following matters, which involve or
may involve legal proceedings against the Group:
i) Claims and potential claims by or on behalf of current and
former employees, including former employees of the Central Electricity
Generating Board (CEGB), and contractors in respect of industrial
illness and injury.
Innogy has agreed to indemnify the Company on an after-tax basis
to the extent of 50% of any liability that we may incur whether
directly or indirectly as a consequence of those proceedings to
the extent such liability is not insured by Electra Insurance
Limited.
ii) In June 1994 a complaint was made by the National Association
of Licensed Opencast Operators (NALOO) to the European Commission
against the Company, PowerGen plc, British Coal Corporation and
HM Government. The complaint alleges violations of EU Competition
law arising out of the coal purchasing arrangements entered into
by the CEGB prior to 1 April 1990 and requests the Commission
to find that the CEGB's practices violated EU law. NALOO alleges
that such a finding would be grounds for a claim for damages in
the English courts by members of NALOO. The European Court has
ruled that the Commission is under an obligation to investigate
the complaint by NALOO. The Company, PowerGen plc, British Coal
Corporation and the Commission are appealing against the ruling.
It is not practicable to estimate legal costs or possible damages,
at this stage.
Innogy has agreed to indemnify the Company on an after-tax basis
to the extent of 50% of any liability that the Company may incur
whether directly or indirectly as a consequence of those proceedings.
The Directors are of the opinion, having regard to legal advice
received, the Group's insurance arrangements and provisions carried
in the balance sheet, that it is unlikely that the matters referred
to above will, in aggregate, have a material effect on the Group's
financial position, results of operations, and liquidity.
Various growth and expansion projects are supported by bonds and
letters of credit issued by the Company totalling £384 million.
The Company has issued guarantees totalling £74 million. £10 million
of this is in respect of the loan facilities of its Elcogas investment.
This facility is repayable by Elcogas in 2003. The guarantee relating
to Elcogas was provided for in the year ended 31 December 2001.
In the course of normal operations, International Power Global Developments
Limited, a wholly-owned subsidiary undertaking, has contracted on
an arms length basis to provide power station operation and maintenance
services to joint ventures and associated undertakings. During the
year the Group derived income of £16 million (nine month period
ended 31 December 2000: £12 million) from these arrangements. Included
in creditors is £3 million in relation to these contracts.
There were no material post balance sheets events to the date
of this report.
 |
|
|
| Name and nature of business |
|
Country of
incorporation and
registration |
|
Percentage
shareholding |
|
|
| Hazelwood Finance
Limited Partnership (financing company) * |
|
Australia |
|
Partners' Capital |
|
75% |
|
|
| Hazelwood Power
Partnership (power generation) * |
|
Australia |
|
Partners' Capital |
|
92% |
|
|
| Elektrárny
Opatovice AS (power generation) * |
|
Czech Republic |
|
Ordinary Shares |
|
99% |
|
|
| International Power
Global Developments Limited (project development - overseas) |
|
England and Wales |
|
Ordinary Shares |
|
100% |
|
|
| Pelican Point Power
Limited (power generation) |
|
England and Wales |
|
Ordinary Shares |
|
100% |
|
|
| Rugeley Power Limited
(power generation) |
|
England and Wales |
|
Ordinary Shares |
|
100% |
|
|
| Deeside Power Development
Company Limited (power generation) |
|
England and Wales |
|
Ordinary Shares |
|
100% |
|
|
| National Power International
Holdings BV (investment holding company) * |
|
The Netherlands
** |
|
Ordinary Shares |
|
100% |
|
|
| Synergen Power Pty
Limited (power generation) * |
|
Australia |
|
Ordinary Shares |
|
100% |
|
|
Thai National Power
Company Limited (power generation)  * |
|
Thailand |
|
Ordinary Shares |
|
100% |
|
|
| Midlothian Energy
Limited Partnership (power generation) * |
|
US |
|
Partners' Capital |
|
100% |
|
|
| Milford Power Limited
Partnership (power generation) * |
|
US |
|
Partners' Capital |
|
100% |
|
|
| ANP Funding I LLC
(financing company) * |
|
US |
|
Ordinary Shares |
|
100% |
|
|
| International Power
(Cayman) Limited (financing company) |
|
Cayman Islands
** |
|
Ordinary Shares |
|
100% |
|
|
| International Power
(Europe) Limited (financing company) |
|
England and Wales |
|
Ordinary Shares |
|
100% |
|
|
| ANP Blackstone Energy
Company, LLC (power generation) * |
|
US |
|
Ordinary Shares |
|
100% |
|
|
| ANP Bellingham Energy
Company, LLC (power generation) * |
|
US |
|
Ordinary Shares |
|
100% |
|
|
| Hays Energy Limited
Partnership (power generation) * |
|
US |
|
Partners' Capital |
|
100% |
|
|
| Al Kamil Power Company
SAOC (power generation) * |
|
Oman |
|
Ordinary Shares |
|
100% |
|
|
| All subsidiary undertakings operate
in their country of incorporation, except as indicated below.
|
| All subsidiary undertakings have
December year ends except as indicated below. |
|
|
| * Held by an intermediate subsidiary
undertaking. |
|
Subsidiary undertakings with March year ends. |
|
Operates in Australia. |
| ** Operates in the UK. |
|
|
| Name and nature
of business |
|
Country of
incorporation,
registration
and operation
|
|
Accounting
period end |
|
Percentage
shareholding |
|
|
| Malakoff Berhad
(power generation) |
|
Malaysia
|
|
31 August |
|
Ordinary Shares |
|
19% |
|
|
| The Hub Power Company
Limited (power generation) * |
|
Pakistan
|
|
30 June |
|
Ordinary Shares |
|
26% |
|
|
| Carbopego - Abastecimento
de Combustiveis, SA (fuel supplies) * |
|
Portugal
|
|
31 December |
|
Ordinary Shares |
|
33% |
|
|
| Pegop-Energia Electrica,
SA (power station operations) * |
|
Portugal
|
|
31 December |
|
Ordinary Shares |
|
45% |
|
|
| Tejo Energia - Producao
e Distribuicao de Energia Electrica, SA (power generation) * |
|
Portugal
|
|
31 December |
|
Ordinary Shares |
|
45% |
|
|
| Shuweihat CMS International
Power Company (power generation) * |
|
UAE
|
|
31 December |
|
Ordinary Shares |
|
20% |
|
|
| Uni-Mar Enerji Yatirimlari
AS (power generation) |
|
Turkey
|
|
31 December |
|
Ordinary Shares |
|
33% |
|
|
| * Held by an intermediate subsidiary
undertaking. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Name and nature
of business |
|
Country of
incorporation,
registration
and operation
|
|
Accounting
period end |
|
Percentage
shareholding |
|
|
| Prazská Teplárenská
AS (power generation) * |
|
Czech Republic
|
|
31 December |
|
Ordinary Shares |
|
47% |
|
|
| Hartwell Energy
Limited Partnership (power generation) * |
|
US
|
|
31 December |
|
Partners' Capital |
|
50% |
|
|
| Oyster Creek Limited
Partnership (power generation) * |
|
US
|
|
31 December |
|
Partners' Capital |
|
50% |
|
|
| * Held
by an intermediate subsidiary undertaking. |
|
|
