2011 Annual Report - OTCIQ.com

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166 Notes Name, location Stake (%) Forest Creek WF Holdco, LLC, US, Wilmington1 100.0 Forest Creek Wind Farm, LLC, US, Wilmington1 100.0 Frankengas GmbH, DE, Nuremberg4 Freizeitbad Reinbek Betriebsgesellschaft mbH, DE, Reinbek 30.9 5 Freya Bunde-Etzel GmbH & Co. KG, DE, Bonn 49.0 4 G.E.I.—Gestione Energetica Impianti S.p.A., IT, Crema 60.0 4 GAL Beteiligungs GmbH, DE, Porta Westfalica 48.9 5 50.0 Gasag Berliner Gaswerke Aktiengesellschaft, DE, Berlin4 36.9 GasLine Telekommunikationsnetz-Geschäftsführungsgesellschaft deutscher Gasversorgungsunternehmen mbH, DE, Straelen5 GasLINE Telekommunikationsnetzgesellschaft deutscher Gasversorgungsunternehmen mbH & Co. KG, DE, Straelen 40.0 4 Gasspeicher Lehrte GmbH, DE, Helmstedt 40.0 2 Gasum Oy, FI, Espoo 100.0 4 Gas-Union GmbH, DE, Frankfurt/Main 20.0 4 Gasversorgung Bad Rodach GmbH, DE, Bad Rodach 25.9 5 50.0 Gasversorgung Biedenkopf GmbH, DE, Biedenkopf5 49.0 Gasversorgung Ebermannstadt GmbH, DE, Ebermannstadt5 50.0 Gasversorgung Frankenwald GmbH (GFW), DE, Helmbrechts5 50.0 Gasversorgung Greifswald GmbH, DE, Greifswald5 49.0 Gasversorgung im Landkreis Gifhorn GmbH (GLG), DE, Wolfsburg-Fallersleben1 95.0 Gasversorgung Unterfranken Gesellschaft mit beschränkter Haftung, DE, Würzburg4 Gasversorgung Vorpommern GmbH, DE, Trassenheide 64.0 5 Gasversorgung Wismar Land GmbH, DE, Lübow 49.0 5 49.0 Gasversorgung Wismar Land Vertrieb GmbH, DE, Lübow5 49.0 Gasversorgung Wunsiedel GmbH, DE, Wunsiedel5 50.0 Gaswerk Bad Sooden-Allendorf GmbH, DE, Bad Sooden-Allendorf5 49.0 GCE Énergies SARL, FR, La Camp du Castellet2 100.0 Gelsenberg GmbH & Co. KG, DE, Düsseldorf1 100.0 Gelsenberg Verwaltungs GmbH, DE, Düsseldorf2 100.0 Gelsenwasser Beteiligungs-GmbH, DE, Munich1, 8 100.0 Gem. Ges. zur Förderung des E.ON-Instituts für Energieforschung mbH, DE, Gorleben5 50.0 Gemeindewerke Leck GmbH, DE, Leck5 49.9 Gemeindewerke Uetze GmbH, DE, Uetze5 49.0 Gemeindewerke Wedemark GmbH, DE, Wedemark5 49.0 Gemeindewerke Wietze GmbH, DE, Wietze5 49.0 Gemeinschaftskernkraftwerk Grohnde GmbH & Co. oHG, DE, Emmerthal1 100.0 Gemeinschaftskernkraftwerk Grohnde Management GmbH, DE, Emmerthal2 83.2 Gemeinschaftskernkraftwerk Isar 2 GmbH, DE, Essenbach2 75.0 Gemeinschaftskraftwerk Irsching GmbH, DE, Vohburg1 50.2 Gemeinschaftskraftwerk Kiel Gesellschaft mit beschränkter Haftung, DE, Kiel3 Name, location Stake (%) Gemeinschaftskraftwerk Staudinger GmbH & Co. KG, DE, Großkrotzenburg 50.0 1, 8 100.0 Gemeinschaftskraftwerk Staudinger Verwaltungs-GmbH, DE, Großkrotzenburg2 Gemeinschaftskraftwerk Veltheim Gesellschaft mit beschränkter Haftung, DE, Porta Westfalica 100.0 1 Gemeinschaftskraftwerk Weser GmbH & Co. oHG, DE, Emmerthal 66.7 1 66.7 Gen Net.Com Limited, GB, Coventry2 100.0 Generale Servizi S.r.l., IT, Gandino (BG) 2 Geólica Magallón, S.L, ES, Zaragoza 100.0 4 Geothermie-Wärmegesellschaft Braunau-Simbach mbH, AT, politische Gemeinde Braunau am Inn 36.2 5 Gesellschaft für Energie und Klimaschutz Schleswig- Holstein GmbH, DE, Kiel 20.0 5 GfS Gesellschaft für Simulatorschulung mbH, DE, Essen 33.3 5 GGG Gesellschaft für Grundstücks- und Gebäudenutzung mbH, DE, Essen 41.7 2 100.0 GHD E.ON Bayern AG & Co. KG, DE, Dingolfing2 75.0 GLG Netz GmbH, DE, Gifhorn1 100.0 GNR Gesellschaft zur energetischen Nutzung nachwachsender Rohstoffe mbH, DE, Brakel5 33.3 GNS Gesellschaft für Nuklear-Service mbH, DE, Essen4 48.0 GOLLIPP Bioerdgas GmbH & Co KG, DE, Gollhofen5 50.0 GOLLIPP Bioerdgas Verwaltungs GmbH, DE, Nuremberg5 Gondoskodás-Egymásért Alapítvány, HU, Debrecen 50.0 2 GRE Gesellschaft zur rationellen Energienutzung Horn- Bad Meinberg mbH, DE, Horn-Bad Meinberg 100.0 5 50.0 Grenzkraftwerke Gesellschaft mit beschränkter Haftung, DE, Simbach am Inn5 50.0 GreyLogix GmbH, DE, Flensburg5 74.2 Guyane Conhilac Énergies SARL, FR, Cayenne2 100.0 Hamburg Netz GmbH, DE, Hamburg1 100.0 Hamburger Hof Versicherungs-Aktiengesellschaft, DE, Düsseldorf2 100.0 Hams Hall Management Company Limited, GB, Coventry4 46.6 Harzwasserwerke GmbH, DE, Hildesheim4 20.8 Hauptstadtsee 865. V V GmbH, DE, Berlin5 50.0 Havelstrom Zehdenick GmbH, DE, Zehdenick5 49.0 Heizwerk Holzverwertungsgenossenschaft Stiftland eG & Co. oHG, DE, Neualbenreuth5 50.0 Helioenergy Electricidad Dos, S.A, ES, Sevilla4 50.0 Helioenergy Electricidad Uno, S.A., ES, Sevilla4 50.0 HEMAB Elförsäljning AB, SE, Malmö1 100.0 Hermann Seippel-Unterstützungseinrichtung GmbH, DE, Essen2 100.0 HEUREKA-Gamma AG, CH, Baden-Dättwil2 100.0 HGC Hamburg Gas Consult GmbH, DE, Hamburg2 100.0 Hibernia Gamma Beteiligungsgesellschaft mbH, DE, Frankfurt/Main4 Disclosures Pursuant to Section 313 (2) HGB of Companies in Which Equity Investments Are Held (as of December 31, 2011) 39.4 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.
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 (%) HIBERNIA Industriewerte GmbH & Co. oHG, DE, Düsseldorf2 100.0 Hochtemperatur-Kernkraftwerk GmbH (HKG), Gemeinsames europäisches Unternehmen, DE, Hamm5 HOCHTIEF Energy Management Harburg GmbH, DE, Hamburg 26.0 5 Holford Gas Storage Limited, GB, Edinburgh 35.0 1 Holsteiner Wasser GmbH, DE, Neumünster 100.0 5 50.0 Horizon Nuclear Power Limited, GB, Gloucester3 50.0 Horizon Nuclear Power Oldbury Limited, GB, Gloucester2 100.0 Horizon Nuclear Power Services Limited, GB, Gloucester2 100.0 Horizon Nuclear Power Wylfa Limited, GB, Gloucester2 100.0 HSE AVG Beteiligungs-GmbH, DE, Darmstadt5 HSN Magdeburg GmbH, DE, Magdeburg 50.0 1 HUGE Kft., HU, Budapest 74.9 2 Inadale WF Holdco, LLC, US, Wilmington 100.0 1 Inadale Wind Farm, LLC, US, Wilmington 100.0 1 Induboden GmbH, DE, Düsseldorf 100.0 2 Induboden GmbH & Co. Grundstücksgesellschaft OHG, DE, Düsseldorf 100.0 1 Induboden GmbH & Co. Industriewerte OHG, DE, Düsseldorf 100.0 1 Industry Development Services Limited, GB, Coventry 100.0 1 Informační služby—energetika, a.s., CZ, Prague 100.0 2 InfraServ-Bayernwerk Gendorf GmbH, DE, Burgkirchen/Alz 100.0 5 Infrastructure Alliance Limited, JE, St. Helier 50.0 1 Infrastrukturgesellschaft Stadt Nienburg/Weser mbH, DE, Nienburg/Weser 100.0 5 INTERARGEM GbR, DE, Bielefeld 49.9 2 Interargem GmbH, DE, Bielefeld 66.7 1 Inversora de Gas Cuyana S.A., AR, Mendoza 61.2 2 24.0 Inversora de Gas del Centro S.A., AR, Córdoba1 75.0 Inwestycyjna Spólka Energetyczna-IRB Sp. z o.o., PL, Warsaw5 Isam-Immobilien-GmbH, DE, Munich 50.0 2 Jihočeská plynárenská, a.s., CZ, České Budějovice 100.0 2 Jihomoravská plynárenská, a.s., CZ, Brno 100.0 4 Kajaanin Lämpö Oy, FI, Helsingfors 43.7 4 Kalmar Energi Försäljning AB, SE, Kalmar 50.0 4 Kalmar Energi Holding AB, SE, Kalmar 40.0 4 Karlshamn Kraft AB, SE, Karlshamn 50.0 1 Kärnkraftsäkerhet & Utbildning AB, SE, Nyköping 70.0 5 Kernkraftwerk Brokdorf GmbH & Co. oHG, DE, Hamburg 25.0 1 Kernkraftwerk Brunsbüttel GmbH & Co. oHG, DE, Hamburg 80.0 4 Kernkraftwerk Gundremmingen GmbH, DE, Gundremmingen 33.3 4 Kernkraftwerk Krümmel GmbH & Co. oHG, DE, Hamburg 25.0 4 50.0 Kernkraftwerk Stade GmbH & Co. oHG, DE, Hamburg1 66.7 Kernkraftwerke Isar Verwaltungs GmbH, DE, Essenbach1, 8 100.0 KGN Kommunalgas Nordbayern GmbH, DE, Bamberg1, 8 Name, location Stake (%) KGW—Kraftwerk Grenzach-Wyhlen GmbH, DE, Munich 100.0 1 69.8 Klåvbens AB, SE, Olofström5 50.0 Kolbäckens Kraft KB, SE, Sundsvall1 Komáromi Kogenerációs Erőmű Kft., HU, Győr 100.0 2 KommEnergie GmbH, DE, Eichenau, Landkreis Fürstenfeldbruck 100.0 5 Kommunale Energieversorgung GmbH Eisenhüttenstadt, DE, Eisenhüttenstadt 67.0 5 49.0 Kommunale Klimaschutzgesellschaft Landkreis Celle gemeinnützige GmbH, DE, Celle5 25.0 Kommunale Klimaschutzgesellschaft Landkreis Uelzen gemeinnützige GmbH, DE, Celle5 25.0 Kraftverkehrsgesellschaft Paderborn mbH -KVP-, DE, Paderborn2 Kraftwerk Buer Betriebsgesellschaft mbH, DE, Gelsenkirchen 100.0 5 Kraftwerk Buer GbR, DE, Gelsenkirchen 50.0 5 Kraftwerk Burghausen GmbH, DE, Munich 50.0 1, 8 Kraftwerk Hattorf GmbH, DE, Munich 100.0 2 Kraftwerk Obernburg GmbH, DE, Erlenbach am Main 100.0 3 Kraftwerk Plattling GmbH, DE, Munich 50.0 1, 8 Kraftwerk Schkopau Betriebsgesellschaft mbH, DE, Schkopau 100.0 1 Kraftwerk Schkopau GbR, DE, Schkopau 55.6 1 Kraftwerk Schwedt GmbH & Co. KG, DE, Schwedt 58.1 1 Kraftwerk Schwedt Verwaltungsgesellschaft mbH, DE, Schwedt 99.0 2 Kraftwerks-Simulator-Gesellschaft mbH, DE, Essen 100.0 5 Kreiswerke Main-Kinzig GmbH, DE, Gelnhausen 41.7 5 Kurgan Grundstücks-Verwaltungsgesellschaft mbH & Co. oHG, DE, Grünwald, Landkreis Munich 24.5 1 90.0 LandE GmbH, DE, Wolfsburg-Fallersleben1 69.6 Landgas Göhren GmbH, DE, Göhren5 Landwehr Wassertechnik GmbH, DE, Schöppenstedt 40.6 2 Lighting for Staffordshire Holdings Limited, GB, Coventry 100.0 1 Lighting for Staffordshire Limited, GB, Coventry 60.0 1 Lillo Energy NV, BE, Beveren/Antwerp 100.0 5 Limited Liability Company E.ON IT, RU, Moscow 50.0 2 Line WORX GmbH, DE, Essen 100.0 2 Livorno Holding S.r.l., IT, Rome 100.0 5 LIWACOM Informationstechnik GmbH, DE, Essen 50.0 5 Łobeska Energetyka Cieplna Sp. z o.o., PL, Łobez 33.3 2 London Array Limited, GB, Coventry 100.0 5 LSW LandE-Stadtwerke Wolfsburg GmbH & Co. KG, DE, Wolfsburg 30.0 4 LSW LandE-Stadtwerke Wolfsburg Verwaltungs-GmbH, DE, Wolfsburg 57.0 5 57.0 Lubmin-Brandov Gastransport GmbH, DE, Essen1 100.0 LUMEN DISTRIBUČNÍ SOUSTAVY, s.r.o., CZ, České Budějovice5 34.0 Lumen Energy a.s., CZ, Prague5 Disclosures Pursuant to Section 313 (2) HGB of Companies in Which Equity Investments Are Held (as of December 31, 2011) 40.0 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. 167
Page 1 and 2:
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
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Attributable Generating Capacity Th
Page 23 and 24:
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
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
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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
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Page 79 and 80:
Business Combinations Business comb
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Newly created goodwill is allocated
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Subsequent costs arising, for examp
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Instruments commonly used are forei
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future exercise price. This amount
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Contingent liabilities are possible
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(2) New Standards and Interpretatio
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and joint operations. The provision
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The amended standard also contains
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Russian Federation. The proceeds fr
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The gains on the disposal of invest
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The decrease in tax expense by €3
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Of the deferred taxes reported, a t
Page 105 and 106:
Stock Appreciation Rights of E.ON A
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The fees for financial statement au
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Page 111 and 112:
Page 113 and 114:
Of this total, an amount of €160
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(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 141 and 142: CEO Letter E.ON Stock Combined Grou
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
Page 167: CEO Letter E.ON Stock Combined Grou
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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