2011 Annual Report - OTCIQ.com

More documents

Recommendations

Info

70 E.ON AG and Subsidiaries Consolidated Balance Sheets—Assets € in millions Note December 31 2011 2010 Goodwill (14) 14,083 14,588 Intangible assets (14) 7,372 8,070 Property, plant and equipment (14) 55,869 60,870 Companies accounted for under the equity method (15) 6,325 6,343 Other financial assets (15) 6,812 6,104 Equity investments 1,908 2,201 Non-current securities 4,904 3,903 Financial receivables and other financial assets (17) 3,619 3,357 Operating receivables and other operating assets (17) 2,842 4,022 Income tax assets (10) 147 822 Deferred tax assets (10) 5,152 2,481 Non-current assets 102,221 106,657 Inventories (16) 4,828 4,064 Financial receivables and other financial assets (17) 1,789 1,674 Trade receivables and other operating assets (17) 31,714 27,492 Income tax assets (10) 4,680 2,678 Liquid funds (18) 7,020 8,273 Securities and fixed-term deposits 3,079 1,697 Restricted cash and cash equivalents 89 433 Cash and cash equivalents 3,852 6,143 Assets held for sale (4) 620 2,043 Current assets 50,651 46,224 Total assets 152,872 152,881
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 Balance Sheets—Equity and Liabilities € in millions Note December 31 2011 2010 Capital stock (19) 2,001 2,001 Additional paid-in capital (20) 13,747 13,747 Retained earnings (21) 23,796 29,026 Accumulated other comprehensive income (22) -277 410 Treasury shares (19) -3,530 -3,531 Equity attributable to shareholders of E.ON AG 35,737 41,653 Non-controlling interests (before reclassification) 4,484 4,532 Reclassification related to put options -608 -600 Non-controlling interests (23) 3,876 3,932 Equity 39,613 45,585 Financial liabilities (26) 24,029 28,880 Operating liabilities (26) 7,057 6,506 Income taxes (10) 3,585 3,406 Provisions for pensions and similar obligations (24) 3,245 3,250 Miscellaneous provisions (25) 22,427 20,381 Deferred tax liabilities (10) 6,786 7,157 Non-current liabilities 67,129 69,580 Financial liabilities (26) 5,885 3,611 Trade payables and other operating liabilities (26) 30,729 26,357 Income taxes (10) 4,425 2,578 Miscellaneous provisions (25) 4,985 4,950 Liabilities associated with assets held for sale (4) 106 220 Current liabilities 46,130 37,716 Total equity and liabilities 152,872 152,881 71
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
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: CEO Letter E.ON Stock Combined Grou
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 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 157 and 158:
Page 159 and 160:
(34) Compensation of Supervisory Bo
Page 161 and 162:
Notes (36) List of Shareholdings Pu
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
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 205 and 206:
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
show all

2011 Annual Report - OTCIQ.com

Create successful ePaper yourself

Delete template?

Save as template?