The operator of the plant in Fukushima, Tokyo Electric Power (TEPCO), could announce a net loss of nearly $ 9 billion for the fiscal year increased due to the nuclear accident, said Wednesday a Japanese newspaper. The power company should record in its financial statements completed March 31 special charges totaling a staggering nearly 1,100 billion yen (9.5 billion euros).
This amount includes provisions for impairment on four of six reactors unusable Fukushima Dai-Ichi (Fukushima No. 1) and on fuel related, as the Nikkei business daily. TEPCO would also be charged to its accounts for 2010-2011 a loss on fiscal terms. Before the accident, Tepco hoped to end the fiscal year increased by clearing a net profit of 110 billion yen, a hypothesis now totally unrealistic.
The company runs the risk of a deficit exceeding net 1,000 billion yen (8.7 billion euros), says the Nikkei. Due to this unprecedented situation, TEPCO has not yet determined the day of the official announcement of its annual results, usually published at the end of April. In addition, the group will have to reflect in its financial future cost of compensation to victims of Fukushima, according to the framework set by the state.
Some 85,000 people living near the plant were evacuated particular. Tepco must also ensure the supply of Tokyo and neighboring prefectures, passing ten of two nuclear reactors in the region of Fukushima, the first being rugged and the other arrested since the earthquake. To compensate, the company plans to increase its imports of oil, natural gas and coal production to increase its power plants, which result in additional costs estimated at 1,000 billion yen for the current year up March 2012.
The ailing company has formally requested Tuesday, the financial assistance of the Japanese state. 
This amount includes provisions for impairment on four of six reactors unusable Fukushima Dai-Ichi (Fukushima No. 1) and on fuel related, as the Nikkei business daily. TEPCO would also be charged to its accounts for 2010-2011 a loss on fiscal terms. Before the accident, Tepco hoped to end the fiscal year increased by clearing a net profit of 110 billion yen, a hypothesis now totally unrealistic.
The company runs the risk of a deficit exceeding net 1,000 billion yen (8.7 billion euros), says the Nikkei. Due to this unprecedented situation, TEPCO has not yet determined the day of the official announcement of its annual results, usually published at the end of April. In addition, the group will have to reflect in its financial future cost of compensation to victims of Fukushima, according to the framework set by the state.
Some 85,000 people living near the plant were evacuated particular. Tepco must also ensure the supply of Tokyo and neighboring prefectures, passing ten of two nuclear reactors in the region of Fukushima, the first being rugged and the other arrested since the earthquake. To compensate, the company plans to increase its imports of oil, natural gas and coal production to increase its power plants, which result in additional costs estimated at 1,000 billion yen for the current year up March 2012.
The ailing company has formally requested Tuesday, the financial assistance of the Japanese state.
- Tepco turns to government for cash (10/05/2011)
- "Japan may take equity stake in TEPCO: report" and related posts (11/05/2011)
- TEPCO executives to chop salaries due to crisis (11/05/2011)
- Tepco accepts Japan conditions for support: Kyodo (11/05/2011)
- Nuclear Collapse Looms? Fukushima Reactor No. 4 "Leaning" (via RT) (11/05/2011)
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