2011 Annual Report - OTCIQ.com

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108 Notes Goodwill, Intangible Assets and Property, Plant and Equipment Exchange Acquisition and production costs Changes in January 1, rate scope of December 31, € in millions 2010 differences consolidation Additions Disposals Transfers 2010 Goodwill 20,309 253 -2,910 0 0 -64 17,588 Marketing-related intangible assets 48 – 4 – – – 52 Customer-related intangible assets 2,392 43 -50 1 -56 -20 2,310 Contract-based intangible assets 7,226 174 33 42 -398 42 7,119 Technology-based intangible assets 804 19 -74 53 -57 97 842 Internally generated intangible assets 229 6 2 27 – -4 260 Intangible assets subject to amortization 10,699 242 -85 123 -511 115 10,583 Intangible assets not subject to amortization 1,633 48 4 2,607 -2,500 -51 1,741 Advance payments on intangible assets 52 1 3 39 -5 -18 72 Intangible assets 12,384 291 -78 2,769 -3,016 46 12,396 Real estate and leasehold rights 3,049 199 69 16 -86 27 3,274 Buildings 8,269 148 -453 282 -79 762 8,929 Technical equipment, plant and machinery Other equipment, fixtures, furniture and 95,186 2,026 -5,393 2,883 -775 5,121 99,048 office equipment Advance payments and construction 2,360 42 -105 166 -170 -108 2,185 in progress 11,699 311 -1,047 5,088 -127 -5,862 10,062 Property, plant and equipment 120,563 2,726 -6,929 8,435 -1,237 -60 123,498 Goodwill Led by its Group Management in Düsseldorf, the E.ON Group has since the beginning of 2011 been organized in global and regional units that each represent operating segments as defined by IFRS 8 (see Note 33 for additional details). In the Changes in Goodwill and in Other Reversals and Impairment Charges by Segment from January 1, 2011 € in millions Generation Renewables Gas Trading Germany Other EU Countries Russia Group Management/Consolidation E.ON Group Net carrying amount of goodwill as of January 1, 2011 4,153 2,034 3,569 235 1,043 2,036 1,518 0 14,588 Changes resulting from acquisitions and disposals -10 12 – – – -382 – – -380 Impairment charges – – – – – -160 – – -160 Other changes1 Net carrying amount of good- 67 15 -11 – – -2 -34 – 35 will as of December 31, 2011 4,210 2,061 3,558 235 1,043 1,492 1,484 0 14,083 Other non-current assets2 Reversals – 18 3 – – 4 – – 25 Impairment 2,293 146 151 10 126 467 21 – 3,214 1 Other changes include restructuring, transfers and exchange rate differences, as well as reclassifications to assets held for sale. 2 Other non-current assets consist of intangible assets and of property, plant and equipment. context of this corporate structural reorganization, it became necessary to reallocate goodwill to the individual units. The changes in goodwill during the 2011 fiscal year, as well as the allocation of impairments and reversals for each of the reportable segments, are shown in the table below:
CEO Letter E.ON Stock Combined Group Management Report Consolidated Financial Statements Corporate Governance Report Supervisory Board and Board of Management Tables and Explanations Accumulated depreciation Net carrying amounts Exchange Changes in January 1, rate scope of December 31, December 31, 2010 differences consolidation Additions Disposals Transfers Impairment Reversals 2010 2010 -3,408 2 1,473 0 0 0 -1,067 0 -3,000 14,588 -47 – -1 – – – – – -48 4 -1,431 -34 23 -122 24 16 -65 – -1,589 721 -1,403 -8 24 -257 393 18 -511 – -1,744 5,375 -582 -16 17 -85 56 -34 -5 – -649 193 -174 -5 -2 -25 – – -8 – -214 46 -3,637 -63 61 -489 473 0 -589 0 -4,244 6,339 -82 -3 3 – 7 – -27 22 -80 1,661 0 – – – – – -2 – -2 70 -3,719 -66 64 -489 480 0 -618 22 -4,326 8,070 -281 -7 16 -10 30 – -89 1 -340 2,934 -4,337 -73 220 -233 33 -224 -53 1 -4,666 4,263 -53,909 -833 1,945 -2,860 470 -37 -861 43 -56,042 43,006 -1,602 -26 73 -174 152 24 -3 – -1,556 629 -107 -2 – -1 – 91 -6 1 -24 10,038 -60,236 -941 2,254 -3,278 685 -146 -1,012 46 -62,628 60,870 Changes in Goodwill and in Other Reversals and Impairment Charges by Segment from January 1, 2011—Presentation of Other EU Countries € in millions U.K. Sweden Czechia Hungary Other regional units Other EU Countries Net carrying amount of goodwill as of January 1, 2011 1,250 145 65 76 500 2,036 Changes resulting from acquisitions and disposals -362 -11 -9 – – -382 Impairment charges – – – – -160 -160 Other changes1 Net carrying amount of good- 9 – -2 -9 – -2 will as of December 31, 2011 897 134 54 67 340 1,492 Other non-current assets2 Reversals – 1 – 3 – 4 Impairment 13 45 – 173 236 467 1 Other changes include restructuring, transfers and exchange rate differences, as well as reclassifications to assets held for sale. 2 Other non-current assets include intangible assets and property, plant and equipment. 109
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2011 Annual Report
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Contents 2 CEO Letter 4 E.ON Stock
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Europe’s energy markets are conso
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Dividend At the 2012 Annual Shareho
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Global Units We manage all our oper
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How will we achieve all this? The f
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Top performance requires efficient
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The Energy Roadmap 2050 adopts a sc
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Macroeconomic Environment In 2011,
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Energy Prices Four main factors dro
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Attributable Generating Capacity Th
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The Russia unit generated about 94
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Gas Sales On a consolidated basis,
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Sales Our sales rose by 22 percent
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Sales at the UK regional unit decli
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E.ON generates a significant portio
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Distribution Networks’ EBITDA dec
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and coal-fired power stations. Of t
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Analyzing Value Creation by Means o
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Cash Flow and Financial Position E.
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In addition to our DIP, we have a
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E.ON AG’s Earnings, Financial, an
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Employees HR Strategy The knowledge
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Workforce Figures At year-end 2011,
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Technology and Innovation In 2011,
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The ERC was founded in 2006. Its mi
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Risk Management and Insurance E.ON
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Strategic Risks Our business strate
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E.ON is building a hard-coal-fired
Page 59 and 60: waste.” The draft legislation men
Page 61 and 62: In 2012, Sweden will introduce a ne
Page 63 and 64: Due to lower commodity prices and u
Page 65 and 66: We anticipate Renewables’ earning
Page 67 and 68: Opportunities We conduct a bottom-u
Page 69 and 70: Audit Opinion According to § 322 A
Page 71 and 72: CEO Letter E.ON Stock Combined Grou
Page 75 and 76: Additional information on the State
Page 79 and 80: Business Combinations Business comb
Page 81 and 82: Newly created goodwill is allocated
Page 83 and 84: Subsequent costs arising, for examp
Page 85 and 86: Instruments commonly used are forei
Page 87 and 88: future exercise price. This amount
Page 89 and 90: Contingent liabilities are possible
Page 91 and 92: (2) New Standards and Interpretatio
Page 93 and 94: and joint operations. The provision
Page 95 and 96: The amended standard also contains
Page 97 and 98: Russian Federation. The proceeds fr
Page 99 and 100: The gains on the disposal of invest
Page 101 and 102: The decrease in tax expense by €3
Page 103 and 104: Of the deferred taxes reported, a t
Page 105 and 106: Stock Appreciation Rights of E.ON A
Page 107 and 108: The fees for financial statement au
Page 109: CEO Letter E.ON Stock Combined Grou
Page 113 and 114: Of this total, an amount of €160
Page 115 and 116: (15) Companies Accounted for under
Page 117 and 118: The individual impaired receivables
Page 119 and 120: (20) Additional Paid-in Capital As
Page 121 and 122: Description of the Benefit Obligati
Page 123 and 124: Description of Plan Assets Defined
Page 125 and 126: Taking into account periodic additi
Page 127 and 128: (25) Miscellaneous Provisions The f
Page 129 and 130: Advance payments made to other wast
Page 131 and 132: At year-end 2011, the following EIF
Page 133 and 134: Construction grants of €2,857 mil
Page 135 and 136: In Sweden, owners of nuclear facili
Page 137 and 138: Competition in the gas market and i
Page 139 and 140: Pursuant to the information availab
Page 143 and 144: The fair value of shareholdings in
Page 145 and 146: The following two tables illustrate
Page 147 and 148: Risk Management Principles The pres
Page 149 and 150: A sensitivity analysis was performe
Page 151 and 152: Virtually all of the investments in
Page 153 and 154: Under IAS 24, compensation paid to
Page 155 and 156: Net book gains in 2011 decreased by
Page 159 and 160: (34) Compensation of Supervisory Bo
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Notes (36) List of Shareholdings Pu
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CEO Letter E.ON Stock Combined Grou
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In addition to the Company’s peri
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The Supervisory Board has establish
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and the Consolidated Financial Stat
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Compensation of the Members of the
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The Supervisory Board, at its discr
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the E.ON Group’s ROCE and prior-y
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Compensation of the Members of the
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The remaining other compensation of
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In addition, the Board of Managemen
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We examined the Board of Management
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Klaus Dieter Raschke Chairman of th
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At the Board of Management’s disc
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Further information about financial
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Assessment After companies have doc
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Glossary of Financial Terms Actuari
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Prepayments and accrued income Line
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Financial Calendar May 3, 2012 2012
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2011 Annual Report - OTCIQ.com

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