78 | Flughafen Berlin Brandenburg GmbH ing the expiration of the lease, they are expected to be used for the BER flight operations own needs. EU TEN-T funds In 2009, the Berlin Brandenburg Airport successfully applied for subsidies from the TEN-T programme in the European Union. The EU has established the programme “Trans-European Networks – Transport” to subsidise the realisation and development of the single market and to improve the economic and social cohesion of the Union in the area of transport infrastructure. The maximum of the award is €29.6m which is applied as a subsidy to the construction costs of the requested measure “Construction Passenger Terminal” for the purpose of reducing FBB’s financing costs. The first payment of €14.8m was made in February 2010. The second payment of €14.7m is expected in February 2013. C.3.2 Cash flow statement The cash flow statement below shows the cash situation and financial development: Cash flow statement Cash flow from current business activities 2012 in €m 2011 in €m Change in €m -83.9 1.5 -85.4 Cash flow from investment activities -610.8 -644.6 33.8 Cash flow from financing activities 707.6 666.5 41.1 Change in cash effective for payments 12.9 23.4 -10.6 Cash at beginning of period 43.8 20.4 23.4 Cash at end of period 56.7 43.8 12.9 Cash flow from current business activities fell from €1.5m to €-83.9m. A contrary effect on the increased annual deficit in comparison with the previous year (€-185.2m, previous year €-74.5m) came primarily from higher depreciation and allocations to provisions, especially to risk provisions related to the postponement. The decline in investment activities resulted from the postponement of the operational start-up of BER and the continuing evaluations. Cash flow from financing activities rose from €666.5m to €707.6m because of the increase in loan drawdowns.
D Investments at operating airports During the reporting period, investments were made in a building to accommodate asylum applicants (€1.6m) at the operating airport in Schönefeld. Further investments were made in a functional building for its conversion into a medical assessment centre (€0.6m). The total investment volume of €0.3m at Tegel Airport was €0.9m lower than the value of the previous year (€1.2m). One major investment in Tegel was made in the retrofitting of the transit baggage sorting equipment (€0.1m). E Group companies E.1 Berliner Flughafen-Gesellschaft mit beschränkter Haftung Berlin Brandenburg Airport is the sole shareholder of the Berliner Flughafen- Gesellschaft mit beschränkter Haftung (BFG). BFG operates Tegel Airport, which will cease operations when the airport BER opens its doors. During the reporting period, BFG realised a profit for the year of €80.3m. E.2 Flughafen Energie & Wasser GmbH FBB holds 100% of the share capital of Flughafen Energie & Wasser GmbH (FEW). Tegel and Schönefeld Airports have transferred their activities related to the supply of energy to FEW. FEW concluded fiscal year 2012 with a loss for the year of €7.9m. During the reporting period, the utility grids (power, emergency power, district heating, district cooling, water, wastewater, rainwater) previously disclosed in the FBB balance sheet were transferred to FEW. Consequently, the bottom-line result for FEW has been impacted by the depreciation attributable to these assets since 2012. Moreover, FBB has granted a shareholder loan subject to interest payments to FEW. The interest payments related to this loan of €5.7m also have an effect on the FEW results. Business operations at FEW also include the airport BER. In preparation for this, an order for energy provision contracting was awarded in May 2008. At the conclusion of a Europe-wide tender, E.ON edis AG was awarded the contract to provide energy for a period of 15 years, starting in October 2011. Our Figures | 79
Annual Report 2012 SXF, TXL & BER
Contents Before We Begin ..........
Editorial “We can do airport, we
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airberlin has been flying to Chicag
Nottingham Birmingham Djerba Enfidh
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The staff at Airport Information ar
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