2011 Annual Report - OTCIQ.com

Under IAS 24, compensation paid to key management personnel
(members of the Board of Management and of the Supervisory
Board of E.ON AG) must be disclosed. The total expense
for 2011 amounted to €13.5 million (2010: €12.3 million) in
short-term benefits and €0 million (2010: €12.3 million) in
termination benefits, as well as €2.4 million (2010: €2.0 million)
in post-employment benefits.
The service cost of post-employment benefits is equal to the
service cost of the provisions for pensions.
The expense determined in accordance with IFRS 2 for the
tranches of the E.ON Share Performance Plan in existence in
2011 was €0.6 million (2010: €1.7 million).
(33) Segment Information
Led by its Group Management in Düsseldorf, Germany, the
E. ON Group (“E.ON” or the “Group”) is segmented into global
and regional units, which are reported here in accordance
with International Financial Reporting Standard (“IFRS”) 8,
“Operating Segments” (“IFRS 8”). The new structure took
effect at the beginning of 2011. The prior-year comparative
figures of the former market units have been reconciled to
these new units:
Global Units
The global units are reported separately in accordance with
IFRS 8.
Generation
This global unit consists of the Group’s conventional (fossil
and nuclear) generation assets in Europe. It manages and
optimizes these assets across national boundaries.
Renewables
E.ON also takes a global approach to managing its carbonsourcing
and renewables businesses. The objective at this
unit is to extend the Group’s leading position in the growing
renewables market.
Gas
This global unit is responsible for gas procurement (including
E.ON’s own gas production) and for project and product
development in gas storage, gas transport, liquefied natural
gas and technical asset support.
CEO Letter
E.ON Stock
Combined Group Management Report
Consolidated Financial Statements
Corporate Governance Report
Supervisory Board and Board of Management
Tables and Explanations
Members of the Supervisory Board received a total of
€4.8 million for their activity in 2011 (2010: €4.9 million).
Furthermore, no transactions with key management personnel
at non-market terms have taken place.
Detailed, individualized information on compensation can be
found in the Compensation Report on pages 180 through 189.
Trading
This unit is responsible for E.ON’s trading activities in power,
gas, coal, oil and carbon allowances, and is active on all major
European energy exchanges.
Regional Units
E.ON’s distribution and sales operations in Europe are managed
by twelve regional units in total.
For segment reporting purposes, the Germany, U.K., Sweden,
Czechia and Hungary regional units are reported separately.
E.ON’s power generation business in Russia is additionally
reported as a special-focus region.
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