2011 Annual Report - OTCIQ.com

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158 Declaration of the Board of Management To the best of our knowledge, we declare that, in accordance with appli cable financial reporting principles, the Consolidated Financial Statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group, and the Group Management Report, which is combined with the management report of E.ON AG, provides a fair review of the development and performance of the business and the position of the E.ON Group, together with a description of the principal opportunities and risks associated with the expected development of the Group. Düsseldorf, February 28, 2012 The Board of Management Teyssen Kildahl Maubach Reutersberg Schenck Stachelhaus
Notes (36) List of Shareholdings Pursuant to Section 313 (2) HGB CEO Letter E.ON Stock Combined Group Management Report Consolidated Financial Statements Corporate Governance Report Supervisory Board and Board of Management Tables and Explanations Name, location Stake (%) 2PRCE Énergies SARL, FR, La Camp du Castellet2 100.0 AB Lietūvos Dūjos, LT, Vilnius4 38.9 AB Svafo, SE, Stockholm5 22.0 Abfallwirtschaft Schleswig-Flensburg GmbH, DE, Schleswig5 49.0 Abfallwirtschaft Südholstein GmbH (AWSH), DE, Elmenhorst5 49.0 Abfallwirtschaftsgesellschaft Dithmarschen mbH, DE, Heide5 49.0 Abfallwirtschaftsgesellschaft Höxter mbH, DE, Höxter5 49.0 Abfallwirtschaftsgesellschaft Rendsburg-Eckernförde mbH, DE, Borgstedt5 Abwasser und Service Burg, Hochdonn GmbH, DE, Burg 49.0 5 Abwasser und Service Satrup GmbH (ASG), DE, Satrup 44.0 5 Abwasserbeseitigung Nortorf-Land GmbH, DE, Nortorf 49.0 5 Abwasserentsorgung Albersdorf GmbH, DE, Albersdorf 49.0 5 Abwasserentsorgung Amt Achterwehr GmbH, DE, Achterwehr 49.0 5 Abwasserentsorgung Bargteheide GmbH, DE, Bargteheide 49.0 5 Abwasserentsorgung Berkenthin GmbH, DE, Berkenthin 29.0 5 Abwasserentsorgung Bleckede GmbH, DE, Bleckede 44.0 5 Abwasserentsorgung Brunsbüttel GmbH (ABG), DE, Brunsbüttel 49.0 5 Abwasserentsorgung Friedrichskoog GmbH, DE, Friedrichskoog 49.0 5 49.0 Abwasserentsorgung Kappeln GmbH, DE, Kappeln5 Abwasserentsorgung Kropp GmbH, DE, Kropp 49.0 5 Abwasserentsorgung Marne-Land GmbH, DE, Diekhusen-Fahrstedt 49.0 5 Abwasserentsorgung Schladen GmbH, DE, Schladen 49.0 5 Abwasserentsorgung Schöppenstedt GmbH, DE, Schöppenstedt 49.0 5 Abwasserentsorgung St. Michaelisdonn, Averlak, Dingen, Eddelak GmbH, DE, St. Michaelisdonn 49.0 5 Abwasserentsorgung Tellingstedt GmbH, DE, Tellingstedt 25.1 5 Abwasserentsorgung Uetersen GmbH, DE, Uetersen 35.0 5 Abwassergesellschaft Bardowick mbH & Co. KG, DE, Bardowick 49.0 5 Abwassergesellschaft Bardowick Verwaltungs-GmbH, DE, Bardowick 49.0 5 Abwassergesellschaft Ilmenau mbH, DE, Melbeck 49.0 5 Abwasserwirtschaft Fichtelberg GmbH, DE, Fichtelberg 49.0 5 Abwasserwirtschaft Kunstadt GmbH, DE, Burgkunstadt 25.0 5 Adria LNG d.o.o. za izradu studija, HR, Zagreb 30.0 5 Aerodis, S.A., FR, Rueil-Malmaison 39.2 1 Åliden Vind AB, SE, Malmö 100.0 2 AMGA – Azienda Multiservizi S.p.A., IT, Udine 100.0 4 Amrumbank-West GmbH, DE, Munich 20.2 1, 8 Anacacho Wind Farm, LLC, US, Wilmington 100.0 1 Name, location Stake (%) ANCO Sp. z o.o., PL, Jarocin 100.0 2 100.0 Aquila Power Investments Limited, GB, Coventry1 100.0 Aquila Sterling Limited, GB, Coventry1 100.0 Arena One GmbH, DE, Munich1 100.0 AS EESTI GAAS, EE, Tallinn5 33.7 AS Latvijās Gāze, LV, Riga4 47.2 AV Packaging GmbH, DE, Munich7 0.0 AVA Velsen GmbH, DE, Saarbrücken5 49.0 Avon Energy Partners Holdings, GB, Coventry1 AWE-Arkona-Windpark Entwicklungs-GmbH, DE, Stralsund 100.0 2 AWP GmbH, DE, Paderborn 98.0 2 B.V. NEA, NL, Dodewaard 100.0 2 Bad Driburg-Solar GmbH & Co. KG, DE, Bad Driburg 25.0 5 Bad Driburg-Solar-Verwaltungsgesellschaft mbH, DE, Bad Driburg 48.9 5 Badlantic Betriebsgesellschaft mbH, DE, Ahrensburg 49.0 5 Barras Eléctricas Galaico-Asturianas, S.A., ES, Lugo 49.0 1 Barras Eléctricas Generación, S.L., ES, Lugo 54.9 1 BauMineral GmbH, DE, Herten 55.0 1, 8 Bayernwerk AG, DE, Munich 100.0 2 BBL Company V.O.F., NL, Groningen 100.0 4 Bergeforsens Kraftaktiebolag, SE, Bispgården 20.0 4 40.0 Beteiligungsgesellschaft der Energieversorgungsunternehmen an der Kerntechnische Hilfsdienst GmbH GbR, DE, Karlsruhe5 Beteiligungsgesellschaft e.disnatur mbH, DE, Potsdam 44.0 2 BEW Bayreuther Energie- und Wasserversorgungs-GmbH, DE, Bayreuth 100.0 4 BHL Biomasse Heizanlage Lichtenfels GmbH, DE, Lichtenfels 24.9 5 BHO Biomasse Heizanlage Obernsees GmbH, DE, Hollfeld 25.1 5 BHP Biomasse Heizwerk Pegnitz GmbH, DE, Pegnitz 40.7 5 Bietergemeinschaft Tönsmeier MVA BI-HF, DE, Porta Westfalica 46.5 5 Bio Flow AB OY, FI, Helsingfors 50.0 5 Bioenergie Bad Füssing GmbH & Co. KG, DE, Bad Füssing 49.0 5 Bioenergie Bad Füssing Verwaltungs-GmbH, DE, Bad Füssing 25.0 5 Bioenergie Merzig GmbH, DE, Merzig 25.0 2 Bioerdgas Hallertau GmbH, DE, Wolnzach 51.0 2 Bioerdgas Schwandorf GmbH, DE, Schwandorf 64.9 2 Biogas Ducherow GmbH, DE, Ducherow 100.0 2 Biogas Roggenhagen GmbH, DE, Potsdam 80.0 2 Biogas Steyerberg GmbH, DE, Steyerberg 60.0 2 Bioheizwerk Rötz GmbH, DE, Rötz 100.0 5 BioMass Nederland b.v., NL, Maasvlakte 25.0 1 Disclosures Pursuant to Section 313 (2) HGB of Companies in Which Equity Investments Are Held (as of December 31, 2011) 100.0 1 Consolidated affiliated company. 2 Non-consolidated affiliated company for reasons of immateriality. 3 Joint venture pursuant to IAS 31 (valued using the equity method). 4 Associated company (valued using the equity method). 5 Associated company (valued at cost for reasons of immateriality). 6 Other companies in which share investments are held. 7 Included as consolidated associated company pursuant to SIC-12. 8 This company exercised its exemption option under Section 264, Paragraph 3 of the German Commercial Code or under Section 264b of the German Commercial Code. 9 IFRS figures. 10 Short fiscal year October 1, 2010 – September 30, 2011. 159
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2011 Annual Report
Page 3 and 4:
Contents 2 CEO Letter 4 E.ON Stock
Page 5 and 6:
Europe’s energy markets are conso
Page 7 and 8:
Dividend At the 2012 Annual Shareho
Page 9 and 10:
Global Units We manage all our oper
Page 11 and 12:
How will we achieve all this? The f
Page 13 and 14:
Top performance requires efficient
Page 15 and 16:
The Energy Roadmap 2050 adopts a sc
Page 17 and 18:
Macroeconomic Environment In 2011,
Page 19 and 20:
Energy Prices Four main factors dro
Page 21 and 22:
Attributable Generating Capacity Th
Page 23 and 24:
The Russia unit generated about 94
Page 25 and 26:
Gas Sales On a consolidated basis,
Page 27 and 28:
Sales Our sales rose by 22 percent
Page 29 and 30:
Sales at the UK regional unit decli
Page 31 and 32:
E.ON generates a significant portio
Page 33 and 34:
Distribution Networks’ EBITDA dec
Page 35 and 36:
and coal-fired power stations. Of t
Page 37 and 38:
Analyzing Value Creation by Means o
Page 39 and 40:
Cash Flow and Financial Position E.
Page 41 and 42:
In addition to our DIP, we have a
Page 43 and 44:
E.ON AG’s Earnings, Financial, an
Page 45 and 46:
Employees HR Strategy The knowledge
Page 47 and 48:
Workforce Figures At year-end 2011,
Page 49 and 50:
Technology and Innovation In 2011,
Page 51 and 52:
The ERC was founded in 2006. Its mi
Page 53 and 54:
Risk Management and Insurance E.ON
Page 55 and 56:
Strategic Risks Our business strate
Page 57 and 58:
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 73 and 74:
Page 75 and 76:
Additional information on the State
Page 77 and 78:
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 and 110: 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: (34) Compensation of Supervisory Bo
Page 177 and 178: In addition to the Company’s peri
Page 179 and 180: The Supervisory Board has establish
Page 181 and 182: and the Consolidated Financial Stat
Page 183 and 184: Compensation of the Members of the
Page 185 and 186: The Supervisory Board, at its discr
Page 187 and 188: the E.ON Group’s ROCE and prior-y
Page 189 and 190: Compensation of the Members of the
Page 191 and 192: The remaining other compensation of
Page 193 and 194: In addition, the Board of Managemen
Page 195 and 196: We examined the Board of Management
Page 197 and 198: Klaus Dieter Raschke Chairman of th
Page 199 and 200: At the Board of Management’s disc
Page 201 and 202: Further information about financial
Page 203 and 204: Assessment After companies have doc
Page 207 and 208: Glossary of Financial Terms Actuari
Page 209 and 210: Prepayments and accrued income Line
Page 211:
Financial Calendar May 3, 2012 2012
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