本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 华电国际电力股份有限公司及其子公司（以下简称"本集团"）按照中国会计 准则财务报告合并口径计算的 2023 年度 1-8 月份累计完成发电量约 1,545.06 亿千 瓦时，较 2022 年同期增长约 4.17%。 本集团 1-8 月份入炉标煤单价约为人民币 1,058.68 元/吨，较 2022 年同期下降 约 10.14%。 证券代码：600027 证券简称：华电国际 公告编号：2023-045 华电国际电力股份有限公司 2023 年 1-8 月份发电量及入炉标煤单价数据 公告 华电国际电力股份有限公司 2023 年 9 月 21 日 1 特此公告。 ...

证券代码：600027 证券简称：华电国际 公告编号：2023-044 本期债券发行的有关文件已在中国货币网和上海清算所网站上公告，网址分别为 www.chinamoney.com.cn 和 www.shclearing.com。 特此公告。 华电国际电力股份有限公司 2023 年 9 月 14 日 1 华电国际电力股份有限公司 关于中期票据发行的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 华电国际电力股份有限公司（"本公司"）2022 年年度股东大会于 2023 年 5 月 31 日 通过决议，同意本公司自 2022 年年度股东大会批准时起至 2023 年年度股东大会结束时 止，根据本公司资金需求，适时一次或分次发行本金余额不超过等值 600 亿元人民币的 短期融资券、超短期融资券、中期票据、永续票据、高级美元债及永续美元债等境内外 融资工具。 本公司已于近日完成了华电国际电力股份有限公司 2023 年度第十期中期票据（"本 期债券"）的发行。本期债券发行总额为 20 亿元人民币，期限为 3+N 年，单位面值为 1 ...

证券代码：600027 证券简称：华电国际 公告编号：2023-043 2023 年 9 月 11 日，本公司与中国华电正式签署建议购买（供应）燃料、设备 和服务框架协议。该项日常关联交易需提交本公司股东大会审议，届时关联股东将 在股东大会上对相关议案回避表决。独立董事已对该交易做出事前认可，并在董事 会上发表了同意的独立意见。 有关该日常关联交易的具体情况详见本公司在上海证券交易所网站 （www.sse.com.cn）披露的，日期为 2023 年 8 月 30 日的《续订框架协议之日常关 联交易公告》（公告编号：2023-039）。 特此公告。 华电国际电力股份有限公司 2023 年 9 月 11 日 1 华电国际电力股份有限公司 关于与中国华电续订框架协议 暨日常关联交易进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 经华电国际电力股份有限公司（"本公司"）于 2023 年 8 月 30 日召开的第十 届董事会第二次会议审议通过，本公司与中国华电集团有限公司（"中国华电"）再 次签订有效期限为 2024 年 1 ...

证券代码：600027 证券简称：华电国际 公告编号：2023-042 华电国际电力股份有限公司 关于中期票据发行的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 特此公告。 华电国际电力股份有限公司 2023 年 9 月 6 日 1 华电国际电力股份有限公司（"本公司"）2022 年年度股东大会于 2023 年 5 月 31 日通过决议，同意本公司自 2022 年年度股东大会批准时起至 2023 年年度股东大会结束 时止，根据本公司资金需求，适时一次或分次发行本金余额不超过等值 600 亿元人民币 的短期融资券、超短期融资券、中期票据、永续票据、高级美元债及永续美元债等境内 外融资工具。 本公司已于近日完成了华电国际电力股份有限公司2023年度第九期中期票据（"本 期债券"）的发行。本期债券发行总额为 15 亿元人民币，期限为 3+N 年，单位面值为 100 元人民币，发行票面利率为 3.06%。 本期债券由兴业银行股份有限公司和中国工商银行股份有限公司为主承销商，通过 簿记建档、集中配售的方式在全国银行间债券市场公开 ...

Financial Performance - The company's operating revenue for the first half of 2023 reached CNY 59,449,651, an increase of 19.99% compared to CNY 49,544,853 in the same period last year[15]. - Net profit attributable to shareholders was CNY 2,581,899, reflecting a significant increase of 55.91% from CNY 1,656,004 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was CNY 2,309,591, up 77.76% from CNY 1,299,276 in the same period last year[15]. - Basic earnings per share for the first half of 2023 were CNY 0.21, a 75.00% increase from CNY 0.12 in the same period last year[16]. - The weighted average return on equity increased to 5.60%, up 2.59 percentage points from 3.01% in the previous year[16]. - The company achieved total operating revenue of RMB 59.45 billion in the first half of 2023, a year-on-year increase of 19.99%[27]. - The net profit attributable to shareholders was RMB 2.582 billion, representing a year-on-year growth of 55.91%[27]. - The company reported a total comprehensive income of RMB 2,577,912 thousand for the first half of 2023, compared to RMB 2,685,260 thousand in the same period of 2022[125]. Assets and Liabilities - The company's total assets as of the end of the reporting period amounted to CNY 226,018,159, representing a 1.24% increase from CNY 223,260,470 at the end of the previous year[15]. - The net assets attributable to shareholders increased to CNY 68,836,059, a rise of 15.71% compared to CNY 59,492,252 at the end of the previous year[15]. - Total liabilities decreased to RMB 145,950,065 thousand from RMB 152,833,689 thousand, a reduction of about 4.5%[117]. - The company's total equity increased to RMB 72,230,288 thousand, up 13.4% from RMB 63,686,286 thousand at the end of 2022[119]. Cash Flow - The company reported a net cash flow from operating activities of CNY 3,723,809, a decrease of 28.63% compared to CNY 5,217,597 in the same period last year[15]. - The company reported a cash dividend of RMB 0.25 per share in 2021 and 2022, leading to adjustments in the conversion price of the bonds[112]. - Cash flow from operating activities increased to RMB 3,723,809 thousand, down from RMB 5,217,597 thousand in the previous year, representing a decrease of 28.63%[123]. - Cash inflow from financing activities increased to RMB 26,840,527 thousand, compared to RMB 23,428,443 thousand in the first half of 2022, representing an increase of 10.3%[124]. Operational Highlights - The cumulative power generation reached 107.593 billion kWh, up 7.72% year-on-year, driven by new installations and strong electricity demand[27]. - The average utilization hours of power generation units increased to 1,947 hours, an increase of 83 hours year-on-year[27]. - The company operates 45 controlled power generation enterprises with a total installed capacity of 57,284.24 MW, including 46,230 MW from coal-fired power[28]. - The on-grid electricity volume was 1007.31 billion kWh, reflecting a year-on-year increase of 7.71%[27]. Environmental and Social Responsibility - The company reported a total emission of 7,098.49 tons of sulfur dioxide, 683.67 tons of smoke dust, and 12,410.01 tons of nitrogen oxides in the first half of 2023, achieving ultra-low emission standards[57]. - The carbon emission intensity of thermal power decreased by 0.16% compared to 2022, reflecting the company's efforts in energy-saving technology and fuel management[65]. - The company has completed approximately 1.24 million yuan in donations for poverty alleviation and rural revitalization efforts in the first half of 2023[66]. - All coal-fired power units have achieved ultra-low emissions, with ongoing improvements in environmental protection facilities and operations[58]. Corporate Governance - The company completed the election of the 10th Board of Directors and Supervisory Board on May 31, 2023, with significant personnel changes including the election of Zhao Bing as Vice Chairman and Chen Bin as General Manager[52]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[62]. - There were no significant lawsuits or arbitration matters affecting the company during the reporting period[69]. Financing and Investments - The company issued bonds with a total balance of 15 billion RMB at a rate of 3.65% due in December 2024[94]. - The company has a coal procurement framework agreement with Yancoal Energy, with an annual purchase limit of RMB 8 billion, and the actual amount spent in the first half of 2023 was approximately RMB 1.429 billion[73]. - The company raised RMB 11,500,000 thousand from new investments in the first half of 2023, compared to RMB 2,500,000 thousand in the same period of 2022[124]. Shareholder Information - The total number of shares increased to 10,227,561,133 after the conversion of 357,702,918 shares from convertible bonds, representing 3.62% of the total shares before conversion[86]. - The top shareholder, China Huadian Group Co., Ltd., held 4,620,061,224 shares, representing 45.17% of the total shares[88]. - As of the end of the reporting period, the total number of ordinary shareholders was 99,687[87]. Financial Ratios - The company's current ratio improved to 0.58, up 26.09% from 0.46 at the end of the previous year[106]. - The debt-to-asset ratio decreased to 64.57%, down 3.89 percentage points from 68.46% at the end of the previous year[106]. - The interest coverage ratio increased to 2.60, a significant rise of 68.83% from 1.54 in the previous period[106].

证券代码：600027 证券简称：华电国际 公告编号：2023-041 重要内容提示： 华电国际电力股份有限公司（"本公司"）已发布本公司 2023 年半年度报告，为 便于广大投资者更全面深入地了解本公司 2023 年上半年经营成果及财务状况，本公司 计划于 2023 年 9 月 12 日（星期二）上午 10:00-11:00 举行 2023 年半年度业绩说明会， 就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以视频直播结合网络互动形式召开，本公司将针对 2023 年半年度 经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露规则允许的 范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2023 年 9 月 12 日（星期二）上午 10:00-11:00 （二）网络直播地址：上海证券交易所上证路演中心（http://roadshow.sseinfo.com/） 华电国际电力股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整 ...

Financial Performance - The company's operating revenue for Q1 2023 was approximately RMB 31.98 billion, representing a year-on-year increase of 10.98%[6] - The net profit attributable to shareholders of the listed company reached RMB 1.13 billion, an increase of 82.30% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was RMB 971.05 million, reflecting a significant increase of 113.11% year-on-year[6] - The company's total profit for Q1 2023 was approximately RMB 1.41 billion, a year-on-year increase of 165.08%[10] - Operating profit for Q1 2023 was CNY 1,303,734 thousand, significantly up from CNY 509,837 thousand in the same period last year, representing a growth of 155.5%[20] - Net profit attributable to shareholders of the parent company for Q1 2023 was CNY 1,134,045 thousand, compared to CNY 622,085 thousand in Q1 2022, marking an increase of 82.4%[20] - Basic earnings per share for Q1 2023 were CNY 0.093, up from CNY 0.041 in Q1 2022, indicating a growth of 126.8%[21] Cash Flow and Liquidity - The company's cash flow from operating activities was RMB 2.44 billion, a decrease of 39.48% year-on-year, primarily due to increased coal procurement[11] - Operating cash inflow for Q1 2023 was CNY 34,010,786, an increase of 7.5% from CNY 31,662,414 in Q1 2022[24] - Net cash flow from operating activities decreased to CNY 2,444,797, down 39.4% from CNY 4,039,639 in the previous year[24] - Cash and cash equivalents increased to CNY 7,178,613 thousand from CNY 6,282,439 thousand, showing a growth of 14.3%[18] - The ending cash and cash equivalents balance for Q1 2023 was RMB 524,493 thousand, down from RMB 865,873 thousand in Q1 2022[35] Assets and Liabilities - Total assets at the end of the reporting period were RMB 223.17 billion, showing a slight decrease of 0.04% from the end of the previous year[6] - Total assets as of March 31, 2023, amounted to CNY 223,166,232 thousand, slightly down from CNY 223,260,470 thousand at the end of 2022[18] - Total liabilities decreased to CNY 148,252,351 thousand from CNY 152,833,689 thousand, reflecting a reduction of 3.8%[18] - Total liabilities decreased slightly to CNY 58,013,683 from CNY 58,183,497 at the end of 2022[28] - Long-term borrowings rose to CNY 67,564,091 thousand from CNY 59,739,783 thousand, an increase of 13.1%[18] - Long-term borrowings increased to CNY 21,704,021, up from CNY 16,787,816 in the previous year[28] Operational Efficiency - The company's financial expenses decreased by 11.28% year-on-year to approximately RMB 927 million, attributed to reduced funding costs[10] - The company's contract liabilities decreased by 71.52% year-on-year to approximately RMB 578 million, mainly due to the end of the heating season[10] - The company reported a significant improvement in profitability due to lower coal prices and higher electricity and heat prices[10] - The company reported a decrease in operating costs to CNY 3,861,608, down from CNY 4,299,687 in Q1 2022[31] Accounting Changes - The company adopted new accounting standards starting January 1, 2023, impacting the financial statements[36]

Financial Performance - The company's operating revenue for 2022 was RMB 107,058,536 thousand, representing a 2.34% increase compared to RMB 104,607,537 thousand in 2021[18]. - The net profit attributable to shareholders of the listed company was RMB 99,811 thousand, a significant recovery from a loss of RMB 4,982,427 thousand in 2021[18]. - The net cash flow generated from operating activities was RMB 9,654,498 thousand, compared to a negative cash flow of RMB 6,401,362 thousand in the previous year[18]. - The total assets of the company at the end of 2022 were RMB 223,262,351 thousand, reflecting a 1.97% increase from RMB 218,938,578 thousand in 2021[18]. - The net assets attributable to shareholders of the listed company decreased by 3.88% to RMB 59,513,957 thousand from RMB 61,915,663 thousand in 2021[18]. - The basic earnings per share for 2022 was -0.08 CNY, compared to -0.61 CNY in 2021, indicating a significant improvement[19]. - The weighted average return on equity increased by 11.58 percentage points to -2.12% in 2022 from -13.70% in 2021[19]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, amounting to a loss of RMB 576,237 thousand in 2022[18]. - The total operating cost for 2022 was approximately RMB 106.599 billion, a decrease of 4.04% year-on-year[36]. - The company's fuel costs amounted to approximately RMB 82.866 billion, reflecting a year-on-year increase of about 9.09% due to rising coal and natural gas prices[38]. Operational Highlights - In 2022, the company's total electricity generation reached 220.932 billion kWh, a year-on-year increase of approximately 0.54%[27]. - The company completed a total installed capacity of approximately 54,754.24 MW, including 43,700 MW of coal-fired power, 8,589.05 MW of gas-fired power, and 2,459 MW of hydropower[31]. - The company's total electricity generation for 2022 was 220.932 billion kWh, a decrease of 5.25% compared to 2021's 233.171 billion kWh[53]. - The company's thermal power generation was 211.190 billion kWh, a decrease of 2.78% year-on-year[54]. - The company's hydroelectric power generation was 9.742 billion kWh, a slight decrease of 0.33% compared to the previous year[54]. - The company's wind and solar power generation was effectively zero, reflecting a 100% decrease year-on-year due to asset integration and sales[54]. - The average on-grid electricity price for the company was RMB 519.25 per MWh for the year[53]. - The company reported a total sales volume of 207.045 billion kWh, down 5.54% from the previous year[54]. Investment and Capital Expenditure - The company invested approximately 1,401.69 MW in new power generation projects during 2022, including 1,340 MW of coal-fired and 56 MW of hydropower[28]. - Capital expenditures for infrastructure investment amounted to approximately RMB 94.44 billion, with additional funds allocated for technical upgrades and environmental improvements[64]. - The company plans to invest approximately CNY 13 billion in 2023 for power generation projects, environmental protection, and energy-saving technology upgrades[77]. Environmental and Social Responsibility - The company invested CNY 664 million in environmental protection during the reporting period[135]. - The company emitted approximately 12,888 tons of sulfur dioxide, with an average emission intensity of 0.07 grams per kilowatt-hour[136]. - The company emitted approximately 22,300 tons of nitrogen oxides, with an average emission intensity of 0.12 grams per kilowatt-hour[136]. - The company emitted approximately 1,178 tons of particulate matter, with an average emission intensity of 0.01 grams per kilowatt-hour[136]. - The company discharged approximately 17.99 million tons of wastewater, of which about 6.5 million tons were sent to sewage treatment plants[136]. - The company has completed ultra-low emission renovations for all coal-fired power generation units[137]. - The company has achieved zero wastewater discharge in some power plants[144]. - The company has maintained a 100% treatment rate for hazardous waste, ensuring environmental responsibility[144]. Governance and Compliance - The company emphasizes transparency in information disclosure, utilizing various channels to communicate with investors[91]. - The company has established an independent financial department and accounting system to ensure autonomous financial decision-making[94]. - The board of directors consists of 12 members, including 4 independent directors, meeting legal requirements for governance structure[87]. - The company has a structured governance framework with independent directors and supervisory boards to oversee operations[95]. - The company is committed to maintaining a clear separation between its operations and those of its controlling shareholder[96]. - The company has established a three-tier internal control assessment mechanism to enhance the efficiency of internal control operations[84]. Future Outlook - The company expects to achieve an electricity generation of approximately 220 billion kWh in 2023, maintaining stable utilization hours for power generation equipment[77]. - The average annual growth rate of electricity generation is projected to be between 4.3% and 5.2% during the 14th Five-Year Plan period, providing predictable market opportunities for power companies[74]. - The company anticipates a 6% increase in national electricity consumption in 2023, reaching approximately 9.15 trillion kWh[75]. - The company aims to enhance profitability by strengthening operational analysis and monitoring economic performance to meet annual operational targets[77]. Shareholder and Financial Relationships - The largest shareholder, China Huadian Corporation, holds 4,620,061,224 shares, representing 46.81% of total shares[176]. - The company maintains a strong financial relationship with its controlling shareholder, China Huadian, with a year-end balance of RMB 5.746 billion in funds provided[163]. - The company has issued two tranches of corporate bonds in 2022, with a total amount of 35 billion RMB, at interest rates of 3.65% and 2.49% respectively[183]. - The company has not faced any penalties from securities regulatory agencies in the past three years[109].

证券代码：600027 证券简称：华电国际 公告编号：2023-012 华电国际电力股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资者可于 2023 年 4 月 7 日（星期五）起至 2023 年 4 月 13 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过本公司邮箱 hdpi_ir@126.com 进行提问，本公司将在说明会上对投资者普遍关注的问题进行 回答。 华电国际电力股份有限公司（"本公司"）将于 2023 年 3 月 30 日发布本公司 2022 年度报告，为便于广大投资者更全面深入地了解本公司 2022 年度经营成果 及财务状况，本公司计划于 2023 年 4 月 14 日（星期五）上午 10:00-11:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以视频直播结合网络互动形式召开，本公司将针对 2022 年 度经营成果及财务指标的具体情况与投资者进行互动交 ...

Financial Performance - The company's operating revenue for 2021 was RMB 104,422,213 thousand, representing a 12.27% increase compared to RMB 93,009,907 thousand in 2020[16] - The net profit attributable to shareholders of the listed company was a loss of RMB 4,965,346 thousand, a decrease of 211.80% from a profit of RMB 4,441,268 thousand in the previous year[16] - The net cash flow from operating activities was a negative RMB 6,350,506 thousand, down 124.00% from RMB 26,465,861 thousand in 2020[16] - The total assets at the end of 2021 were RMB 218,860,429 thousand, a decrease of 9.84% from RMB 242,750,409 thousand at the end of 2020[16] - The net assets attributable to shareholders of the listed company decreased by 16.88% to RMB 61,829,644 thousand from RMB 74,383,869 thousand in 2020[16] - The company reported a decrease in the net profit after deducting non-recurring gains and losses to a loss of RMB 8,368,162 thousand, down 327.93% from RMB 3,671,424 thousand in 2020[16] - The basic earnings per share for 2021 was -0.61 CNY, a decrease of 269.44% compared to 0.36 CNY in 2020[17] - The weighted average return on equity decreased to -13.67% in 2021, down 20.93 percentage points from 7.26% in 2020[17] - The net profit attributable to shareholders under Chinese accounting standards was -4,965,346 thousand CNY for the current period, compared to 4,441,268 thousand CNY in the previous period[18] Revenue and Costs - The company's total operating costs were approximately RMB 117.969 billion, a year-on-year increase of 38.64%[33] - The company's fuel costs amounted to approximately RMB 75.743 billion, reflecting a significant year-on-year increase of 74.68% due to rising coal prices[35] - The company's total revenue from power generation was RMB 83,642,028 thousand, a decrease of 5.76% compared to the previous year[37] - Revenue from heating services was RMB 7,468,176 thousand, down 32.10% year-on-year, with a gross margin decrease of 28.63 percentage points to 10.61%[37] - The total revenue from coal sales was RMB 11,616,654 thousand, reflecting a 5.55% decrease, with a gross margin reduction of 4.91 percentage points to 4.03%[37] Operational Efficiency and Capacity - The company's total electricity generation reached 233.801 billion kWh, an increase of 7.52% compared to the previous year[26] - The company's total installed capacity reached approximately 53,355.55 MW, with coal-fired generation accounting for about 79%[29] - The company's coal consumption per unit of electricity generated was 287.55 grams/kWh, with all 95 coal-fired units meeting ultra-low emission standards[26] - The company's power generation efficiency showed a utilization rate of 4.86%, with an increase in annual utilization hours to 4,066 hours, up by 422 hours year-on-year[62] Investments and Future Plans - The company plans to expand its renewable energy capacity, particularly in wind and solar sectors, to enhance sustainability[53] - The company aims to achieve a 20% increase in overall power generation capacity by 2025 through strategic investments and expansions[57] - The company plans to invest around RMB 17 billion in 2022 for power project infrastructure, environmental protection, and energy-saving technology upgrades[74] - The company is focusing on the development of new energy projects, with related asset contribution plans being discussed and approved[120] Governance and Compliance - The company emphasizes the importance of compliance management and enhancing governance levels to ensure regulatory adherence and risk prevention[75] - The company has established a three-tier internal control assessment mechanism to promote efficient internal control work[79] - The company strictly adheres to insider information management, ensuring no illegal gains from insider trading[80] - The company is committed to continuous improvement in corporate governance and internal management to promote stable and healthy development[87] Shareholder and Management Information - The total pre-tax compensation for the chairman, Ding Huande, was CNY 450,000[95] - The total pre-tax compensation for the general manager, Luo Xiaoqian, was CNY 852,900[95] - The total pre-tax compensation for the financial director, Feng Rong, was CNY 760,400[95] - The total pre-tax compensation for the deputy general manager, Peng Guoquan, was CNY 778,400[99] - The company has appointed new directors and supervisors, including Zhang Zhiqiang and Li Pengyun, who were newly elected as directors[109] Environmental and Social Responsibility - The company achieved a 100% operational rate for desulfurization equipment and reduced wastewater discharge by approximately 99%, totaling about 7.86 million tons[146] - The company’s carbon emission intensity decreased by 7.4 grams per kilowatt-hour compared to the previous year, reflecting effective energy-saving technology research and management[147] - In 2021, the company allocated 4.921 million yuan for poverty alleviation projects, contributing significantly to the consolidation of poverty alleviation results in various regions[148] - The company received recognition for its poverty alleviation efforts, with its Hubei office awarded as an advanced collective in poverty alleviation[148] Financial Transactions and Debt Management - The company entered into a loan framework agreement with China Huadian, allowing for an annual borrowing limit of RMB 200 billion, with an outstanding balance of approximately RMB 171.66 billion as of December 31, 2021[157] - The company has issued a total of 15 billion RMB in corporate bonds, with interest rates ranging from 3.58% to 5.20%[196] - The total amount raised from the issuance of bonds was 43.50 billion RMB, with all funds fully utilized[199] - The company has no significant contracts or guarantees applicable for the reporting period[175]