2011 Annual Report - OTCIQ.com

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124 Notes Actuarial gains and losses are accrued and recognized in full. They are reported outside of the income statement as part of equity in the Statements of Recognized Income and Expenses. The actual return on plan assets was a gain of €653 million in 2011 (2010: €894 million gain). In addition to the total net periodic pension cost, an amount of €71 million in fixed contributions to external insurers or similar institutions was paid in 2011 (2010: €74 million) for pure defined contribution pension plans. The total net periodic pension cost shown includes an amount of €0.8 million in 2011 (2010: €0.9 million) for health care benefits. A one-percentage-point increase or decrease in the assumed health care cost trend rate would affect the interest and service components and result in a change in net periodic pension cost of +€0.2 million or -€0.1 million (2010: +€0.2 million or -€0.1 million), respectively. The corresponding accumulated post-employment benefit obligation would change by +€2.4 million or -€1.9 million (2010: +€2.3 million or -€1.9 million), respectively. The experience adjustments reflect the effects on the benefit obligations and plan assets at the E.ON Group that result from differences between the actual changes in these amounts from the assumptions made with respect to these changes at the beginning of the fiscal year. In the measurement of the benefit obligations, these include in particular increases in salaries and pensions, employee fluctuation and biometric data such as death and disability. The changes in actuarial gains and losses from defined benefit obligations and corresponding plan assets recognized in equity are shown in the following table: Accumulated Actuarial Gains and Losses Recognized in Equity € in millions Accumulated actuarial gains (+) and losses (-) recognized in equity 2011 2010 as of January 1 Recognition in equity of current-year -584 138 actuarial gains (+) and losses (-) Accumulated actuarial gains (+) and losses (-) recognized in equity -370 -722 as of December 31 -954 -584 In the years 2007 through 2011, the following experience adjustments were made to the present value of all defined benefit obligations and to the fair value of plan assets: Experience Adjustments Percentages 2011 2010 December 31 2009 2008 2007 Experience adjustments to the amount of the benefit obligation 0.17 -0.16 0.26 1.61 1.22 Experience adjustments to the value of plan assets 0.72 1.66 0.23 -9.01 -0.50
(25) Miscellaneous Provisions The following table lists the miscellaneous provisions as of the dates indicated: The changes in the miscellaneous provisions 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 Miscellaneous Provisions December 31, 2011 December 31, 2010 NonNon- € in millions Current current Current current Non-contractual nuclear waste management obligations 220 8,972 99 8,855 Contractual nuclear waste management obligations 404 5,669 365 4,959 Personnel obligations 779 1,479 633 780 Other asset retirement obligations 367 1,637 315 1,374 Supplier-related obligations 393 285 504 409 Customer-related obligations 699 280 656 327 Environmental remediation and similar obligations 42 924 76 797 Other 2,081 3,181 2,302 2,880 Total 4,985 22,427 4,950 20,381 Changes in Miscellaneous Provisions € in millions Jan. 1, 2011 Exchange rate differences Changes in scope of consolidation Accretion Additions Utilization Reclassifications Reversals Changes in estimates 125 Dec. 31, 2011 Non-contractual nuclear waste management obligations Contractual nuclear waste 8,954 6 – 442 29 -45 -302 – 108 9,192 management obligations 5,324 6 – 255 69 -276 302 – 393 6,073 Personnel obligations Other asset retirement 1,413 – -2 3 1,607 -681 – -82 – 2,258 obligations Supplier-related 1,689 11 -3 51 131 -18 2 -1 142 2,004 obligations Customer-related 913 -17 – 13 315 -339 – –207 – 678 obligations Environmental remediation 983 5 – 20 275 -213 9 -100 – 979 and similar obligations 873 – – 14 185 -51 – -55 – 966 Other 5,182 6 45 31 1,907 -1,254 -15 -640 – 5,262 Total 25,331 17 40 829 4,518 -2,877 -4 -1,085 643 27,412
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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
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waste.” The draft legislation men
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In 2012, Sweden will introduce a ne
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Due to lower commodity prices and u
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We anticipate Renewables’ earning
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Opportunities We conduct a bottom-u
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Audit Opinion According to § 322 A
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CEO Letter E.ON Stock Combined Grou
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Page 75 and 76: Additional information on the State
Page 77 and 78: CEO Letter E.ON Stock Combined Grou
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 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: Taking into account periodic additi
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
Page 161 and 162: Notes (36) List of Shareholdings Pu
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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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Page 207 and 208:
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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