The data for VATTENFALL WIND POWER LTD shows a fluctuating trend in the average time taken to pay invoices. From 2019 to 2022, there was a gradual decrease in the average time to pay, with a significant drop in 2020. However, in 2023 there was an increase in the average time to pay, but it still remains lower than the 2019 level.
The volatility in the percentage of invoices paid within 30 days and between 31 and 60 days is relatively low, with only a slight fluctuation over the years. However, there is a more significant change in the percentage of invoices paid later than 60 days, with a decrease in 2020 and an increase in 2023.
From 2019 to 2021, VATTENFALL WIND POWER LTD showed improvement in their payment processes, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. However, in 2023 there was a regression, with an increase in the average time to pay and a decrease in the percentage of invoices paid within 30 days.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2024 - 31 Dec 2024 | 11 Feb 2025 | 35 | 78% | 22% | 0% | 41% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Aug 2024 | 33 | 79% | 21% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 04 Feb 2024 | 28 | 83% | 16% | 0% | 42% |
| 01 Jan 2023 - 30 Jun 2023 | 04 Feb 2024 | 29 | 79% | 21% | 0% | 50% |
| 01 Jul 2022 - 31 Dec 2022 | 13 Feb 2023 | 42 | 90% | 10% | 0% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 34 | 90% | 10% | 0% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 31 | 93% | 6% | 1% | 33% |
| 01 Jan 2021 - 30 Jun 2021 | 05 Aug 2021 | 35 | 97% | 2% | 1% | 33% |
| 01 Jul 2020 - 31 Dec 2020 | 17 Feb 2021 | 8 | 94% | 5% | 1% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Aug 2020 | 38 | 93% | 5% | 1% | 40% |
| 01 Jul 2019 - 31 Dec 2019 | 11 Feb 2020 | 29 | 92% | 7% | 1% | 53% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
payment terms are 90 days from the issue of the invoice. Exemption is reviewed depending on the particular scope of the contract.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Payment related disputes are handled by the respective Contract Manager or if such role does not exist for the given activity the Project Manager.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Vattenfall Wind Power Ltd is a renewable energy company that is committed to sustainability and providing clean energy solutions. They offer a wide range of products and services that utilize wind power to generate electricity.
Their sustainability program includes a goal to achieve fossil fuel-free operations by 2050 and to reduce their carbon emissions by 40% by 2025. They also have a strong focus on promoting biodiversity, protecting natural habitats, and engaging with local communities.
The company's key people include Magnus Hall as the President and CEO, and Anna Borg as the CFO. They have a team of experienced professionals who are dedicated to driving the company's sustainable growth.
Vattenfall Wind Power Ltd's products and services include wind farms, offshore wind power, and onshore wind power. They also offer consulting services for wind energy projects and have partnerships with other companies to develop innovative wind power solutions.
Their website address is www.vattenfall.com, where customers can find information on their products and services, sustainability efforts, and contact details. Their registered office address is Vattenfall AB, SE-162 87 Stockholm, Sweden.
In summary, Vattenfall Wind Power Ltd is a leading renewable energy company with a strong commitment to sustainability. They offer a variety of wind power solutions and are dedicated to reducing their carbon footprint and promoting biodiversity. With experienced leadership and a focus on innovation, they are driving the transition towards a more sustainable future.
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