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Financial Profile 2003-2008 For the fifth consecutive year, Hydro-Québec continued to grow. Surpassing its commitment, the company increased consolidated net income to $1,931 million, up 26.5% over 2002. The higher level of profitability is reflected in a sizable increase in return on equity, which rose to 13.2%. Revenue was down $1,576 million from 2002 as a result of the drop in electricity sales outside Québec. Hydro-Québec, in fact, reduced the volume of these sales in order to respond to the strong demand growth within the Québec market. In addition, the rise of the Canadian dollar against its American counterpart, the net redemption of a portion of our long-term debt and the significant decline in interest rates contributed to a considerable reduction in financial expenses, down $324 million or 10.6%, compared with 2002. Shareholder dividends of $965 million were declared, bringing the total amount paid since 1998 to $3.9 billion. Download the complete document [PDF–812 Kb] |
Summary
1. Message from the Vice President, Finance and Chief Financial Officer
2. Hydro-Québec is ...
3. Hydro-Québec Divisions
4. Consolidated Financial Data and Operating Statistics
5. Results by Operating Segment
6. Credit Ratings and Financial Ratios 1999-2008
7. Comparison of Publicly and Investor-Owned Electric Utilities in 2002
8. Generating Facilities 2003
9. Transmission System
10. Comparative Index of Electricity Prices in 2003
11. Electricity Rates and CPI 1999-2004
12. North American Electricity Prices
13. Québec Regulatory Environment
14. Supplying the Québec Market with Electricity
16. Strategic Plan 2004-2008 in Brief
18. Portfolio of Hydro-Québec Production Projects
19. Location of Projects
20. Some Economic and Financial Parameters 2003-2008
21. Investments 2002-2008
22. Income 1999-2008
23. Revenue 1999-2008
24. Expenditure 1999-2008
25. Financial Expenses 1999-2008
26. Financing Objectives and Strategies
27. Breakdown of Total Debt by Repayment Currency 1999-2003
28. Financing Needs 1999-2008
29.Debt Maturities 1999-2014
30. Average Maturity of Debt1999-2003
31. Breakdown of Total Debt by Fixed and Floating Rate 1999-2003
32. Preauthorized Financing
33. Organization Chart
34. Financial Officers