Facts and figures Brief p - EnBW

The EnBW group
Net assets
Key indicators for the analysis of the
composition of assets
2008 2007 Variance
%
Equity ratio (%) 17.0 21.1 -19.4
Average capital employed in € millions 12,245.8 11,471.5 6.7
Net debt/equity 1
1.2 1.0 20.0
Coverage ratio non-current assets
(non-current assets/equity) 3.8 3.6 5.6
Coverage ratio for pension and nuclear
power provisions (plan assets/pension and
nuclear power provisions) 0.59 0.66 -10.6
1 Prior-year figures restated.
Net debt
in € millions 1
31/12/2008 31/12/2007 Variance
%
Cash 2 -2.216,3 -829,2 -
Short-term investments 2 -152.4 -171.5 -11.1
Cash and cash equivalents 2 -2,368.7 -1,000.7 136.7
Bonds 3 4,110.3 2,698.2 52.3
Liabilities to banks 556.4 546.9 1.7
Other financial liabilities 620.5 727.9 -14.8
Financial liabilities 3 5,287.2 3,973.0 33.1
Net financial liabilities 2,3 2,918.5 2,972.3 -1.8
Pension and nuclear power provisions 9,013.1 8,681.8 3.8
Long-term investments and loans -4,231.4 -5,017.0 -15.7
Cash and cash equivalents of the special
funds and short-term investments to cover
the pension and nuclear power provisions -1,218.7 -832.4 46.4
Liabilities from put options 514.4 428.9 19.9
Other -162.4 -289.1 -43.8
Net debt 3 6,833.5 5,944.5 15.0
1 Prior-year figures restated.
2 Without cash and cash equivalents of the special funds and short-term investments to cover pension
and nuclear power provisions.
3 Adjusted for valuation effects from interest-induced hedging transactions.
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