2011 Annual Report - OTCIQ.com

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68 E.ON AG and Subsidiaries Consolidated Statements of Income € in millions Note 2011 2010 Sales including electricity and energy taxes 115,046 94,812 Electricity and energy taxes -2,092 -1,949 Sales (5) 112,954 92,863 Changes in inventories (finished goods and work in progress) -16 82 Own work capitalized (6) 519 588 Other operating income (7) 13,785 15,961 Cost of materials (8) -97,827 -73,575 Personnel costs (11) -5,947 -5,281 Depreciation, amortization and impairment charges (14) -7,081 -6,457 Other operating expenses (7) -17,656 -13,597 Income/Loss (-) from companies accounted for under the equity method 512 663 Income/Loss (-) from continuing operations before financial results and income taxes -757 11,247 Financial results (9) -2,154 -2,184 Income/Loss (-) from equity investments -60 119 Income from other securities, interest and similar income 716 653 Interest and similar expenses -2,810 -2,956 Income taxes (10) 1,036 -1,946 Income/Loss (-) from continuing operations -1,875 7,117 Income/Loss (-) from discontinued operations, net (4) 14 -836 Net income/loss (-) -1,861 6,281 Attributable to shareholders of E.ON AG -2,219 5,853 Attributable to non-controlling interests 358 428 in € Earnings per share (attributable to shareholders of E.ON AG)—basic and diluted (13) from continuing operations -1.17 3.51 from discontinued operations 0.01 -0.44 from net income/loss (-) -1.16 3.07
CEO Letter E.ON Stock Combined Group Management Report Consolidated Financial Statements Corporate Governance Report Supervisory Board and Board of Management Tables and Explanations E.ON AG and Subsidiaries Consolidated Statements of Recognized Income and Expenses € in millions 2011 2010 Net income/loss (-) -1,861 6,281 Cash flow hedges -143 -1 Unrealized changes -251 -204 Reclassification adjustments recognized in income 108 203 Available-for-sale securities -1,028 -1,658 Unrealized changes -261 419 Reclassification adjustments recognized in income -767 -2,077 Currency translation adjustments 344 469 Unrealized changes -232 662 Reclassification adjustments recognized in income 576 -193 Changes in actuarial gains/losses of defined benefit pension plans and similar obligations -370 -722 Companies accounted for under the equity method -81 -15 Unrealized changes -81 -15 Reclassification adjustments recognized in income – – Income taxes 376 324 Total income and expenses recognized directly in equity -902 -1,603 Total recognized income and expenses (total comprehensive income) -2,763 4,678 Attributable to shareholders of E.ON AG -3,076 4,248 Attributable to non-controlling interests 313 430 69
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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,
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: Audit Opinion According to § 322 A
Page 73 and 74: 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 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
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Description of the Benefit Obligati
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Description of Plan Assets Defined
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Taking into account periodic additi
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(25) Miscellaneous Provisions The f
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Advance payments made to other wast
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At year-end 2011, the following EIF
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Construction grants of €2,857 mil
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In Sweden, owners of nuclear facili
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Competition in the gas market and i
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Pursuant to the information availab
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CEO Letter E.ON Stock Combined Grou
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The fair value of shareholdings in
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The following two tables illustrate
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Risk Management Principles The pres
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A sensitivity analysis was performe
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Virtually all of the investments in
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Under IAS 24, compensation paid to
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Net book gains in 2011 decreased by
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(34) Compensation of Supervisory Bo
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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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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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