EX-99.1 2 ex99-1.txt EX. FS-1(A)-FS-1(D): E.ON GROUP FINANCIAL STMTS Exhibit FS - 1(a) E.ON Group 2004 Statements of Income
-------------------------------------------------------------------------------------------------------------------------------- Pan-European Corporate Core Energy in (euro) Central Europe Gas UK Nordic US-Midwest Center Business -------------------------------------------------------------------------------------------------------------------------------- Sales (gross) 20,751,794,704 14,426,010,430 8,489,736,774 3,346,946,341 1,913,446,196 -812,660,047 48,115,274,398 Electricity tax 1,051,081,785 17,960,609 0 340,916,184 0 0 1,409,958,578 (in accord w/ electricity tax law) Natural gas 0 2,905,471,387 0 53,884,797 0 -10,894,757 2,948,461,427 taxes Sales (net) 19,700,712,919 11,502,578,434 8,489,736,774 2,952,145,360 1,913,446,196 -801,765,290 43,756,854,393 Cost of goods 13,813,483,119 9,906,778,497 6,365,174,030 1,924,452,040 1,320,091,683 -787,800,301 32,542,179,068 sold (Total) Gross profit 5,887,229,800 1,595,799,937 2,124,562,744 1,027,693,320 593,354,513 -13,964,989 11,214,675,325 from sales Selling expenses 2,655,633,477 430,867,223 1,012,023,550 103,516,570 157,219,720 -16,239,154 4,343,021,386 Research and 0 42,498,854 4,112,611 7,956,120 0 0 54,567,585 development costs General and 429,088,705 247,594,678 165,355,551 215,943,362 145,587,904 221,080,819 1,424,651,019 administrative expenses Other operating 1,937,303,046 346,907,118 348,079,618 118,390,089 74,985,524 3,363,283,719 6,188,949,114 income Other operating 855,984,359 256,224,992 206,430,585 78,534,763 18,833,844 3,379,243,795 4,795,252,338 expenses Income before 3,883,826,305 965,521,308 1,084,720,065 740,132,594 346,698,569 -234,766,730 6,786,132,111 financial earnings and taxes Financial 66,194,056 472,893,296 -245,808,357 -84,914,505 -69,125,784 -525,165,811 -385,927,105 earnings, net Impairment of 0 0 0 0 0 0 0 goodwill Results from 3,950,020,361 1,438,414,604 838,911,708 655,218,089 277,572,785 -759,932,541 6,400,205,006 continuing operations before taxes Taxes on income 1,283,718,365 395,529,623 93,422,069 165,707,302 102,621,843 -83,295,296 1,957,703,906 Minority 231,586,177 75,123,387 2,956,108 219,228,586 8,077,851 -45,289,763 491,682,346 interest (Total) Net results 2,434,715,819 967,761,594 742,533,531 270,282,201 166,873,091 -631,347,271 3,950,818,963 from continuing operations Income(loss) 0 0 0 0 0 -18,671,996 -18,671,996 from DiscOps after taxes and MI Extraord 0 0 0 0 0 0 0 inc(loss) after taxes and MI G/L on 0 0 0 0 0 0 0 accounting changes after taxes and MI Results before 2,434,715,819 967,761,594 742,533,531 270,282,201 166,873,091 -650,019,272 3,932,146,964 profit transfer Transfer of 794,483,187 1,971,066,383 0 0 0 -3,046,050,759 -280,501,189 profits Transfer of 0 0 0 0 0 0 0 losses Consolidated 1,640,232,632 -1,003,304,789 742,533,531 270,282,201 166,873,091 2,396,031,487 4,212,648,153 net income(loss) ---------------------------------------------- in (euro) Other activities E.ON Group ---------------------------------------------- Sales (gross) 987,850,610 49,103,125,008 Electricity tax 0 1,409,958,578 (in accord w/ electricity tax law) Natural gas 0 2,948,461,427 taxes Sales (net) 987,850,610 44,744,705,003 Cost of goods 810,511,657 33,352,690,725 sold (Total) Gross profit 177,338,953 11,392,014,278 from sales Selling expenses 44,182,864 4,387,204,250 Research and 0 54,567,585 development costs General and 83,005,321 1,507,656,340 administrative expenses Other operating 466,571,991 6,655,521,105 income Other operating 70,935,212 4,866,187,550 expenses Income before 445,787,547 7,231,919,658 financial earnings and taxes Financial -47,351,589 -433,278,694 earnings, net Impairment of 0 0 goodwill Results from 398,435,958 6,798,640,964 continuing operations before taxes Taxes on income -10,970,323 1,946,733,583 Minority 14,807,073 506,489,419 interest (Total) Net results 394,599,002 4,345,417,962 from continuing operations Income(loss) 10,034,912 -8,637,084 from DiscOps after taxes and MI Extraord 0 0 inc(loss) after taxes and MI G/L on 0 0 accounting changes after taxes and MI Results before 404,633,914 4,336,780,878 profit transfer Transfer of 280,501,189 0 profits Transfer of 0 0 losses Consolidated 124,132,725 4,336,780,878 net income(loss)
Exhibit FS - 1(a) E.ON Group 2004 Statements of Income
------------------------------------------------------------------------------------------------------------------------------------ Pan-European Corporate Core Energy in $ Central Europe Gas UK Nordic US-Midwest Center Business ------------------------------------------------------------------------------------------------------------------------------------ Sales (gross) 28,093,779,670 19,529,932,920 11,493,405,645 4,531,095,956 2,590,423,460 -1,100,179,172 65,138,458,480 Electricity tax 1,422,954,521 24,315,072 0 461,532,330 0 0 1,908,801,923 (in accord w/ electricity tax law) Natural gas taxes 0 3,933,427,164 0 72,949,238 0 -14,749,322 3,991,627,080 Sales (net) 26,670,825,150 15,572,190,684 11,493,405,645 3,996,614,388 2,590,423,460 -1,085,429,850 59,238,029,477 Cost of goods sold 18,700,693,447 13,411,796,729 8,617,172,602 2,605,323,172 1,787,140,120 -1,066,524,047 44,055,602,022 (Total) Gross profit from 7,970,131,703 2,160,393,955 2,876,233,043 1,391,291,217 803,283,340 -18,905,802 15,182,427,455 sales Selling expenses 3,595,196,601 583,308,046 1,370,077,482 140,140,732 212,844,057 -21,984,567 5,879,582,352 Research and 0 57,534,949 5,567,653 10,770,995 0 0 73,873,597 development costs General and 580,900,289 335,193,675 223,858,345 292,344,123 197,096,904 299,299,213 1,928,692,550 administrative expenses Other operating 2,622,720,864 469,642,856 471,230,187 160,276,502 101,515,402 4,553,213,499 8,378,599,311 income Other operating 1,158,831,625 346,877,394 279,465,726 106,320,362 25,497,258 4,574,820,250 6,491,812,615 expenses Income before 5,257,924,052 1,307,122,747 1,468,494,024 1,001,991,506 469,360,523 -317,827,199 9,187,065,652 financial earnings and taxes Financial 89,613,513 640,202,944 -332,775,354 -114,957,257 -93,582,486 -710,969,475 -522,468,115 earnings, net Impairment of 0 0 0 0 0 0 0 goodwill Results from 5,347,537,565 1,947,325,691 1,135,718,670 887,034,249 375,778,036 -1,028,796,674 8,664,597,537 continuing operations before taxes Taxes on income 1,737,897,923 535,468,004 126,474,797 224,334,545 138,929,451 -112,765,172 2,650,339,548 Minority interest 313,521,366 101,702,041 4,001,979 296,791,660 10,935,795 -61,313,281 665,639,560 (Total) Net results 3,296,118,276 1,310,155,646 1,005,241,894 365,908,044 225,912,791 -854,717,935 5,348,618,712 from continuing operations Income(loss) from 0 0 0 0 0 -25,278,148 -25,278,148 DiscOps after taxes and MI Extraord inc(loss) 0 0 0 0 0 0 0 after taxes and MI G/L on accounting 0 0 0 0 0 0 0 changes after taxes and MI Results before 3,296,118,276 1,310,155,646 1,005,241,894 365,908,044 225,912,791 -879,996,090 5,323,340,560 profit transfer Transfer of profits 1,075,571,339 2,668,429,669 0 0 0 -4,123,743,518 -379,742,510 Transfer of losses 0 0 0 0 0 0 0 Consolidated net 2,220,546,937 -1,358,274,023 1,005,241,894 365,908,044 225,912,791 3,243,747,427 5,703,083,070 income(loss) -------------------------------------------------- Other in $ activities E.ON Group -------------------------------------------------- Sales (gross) 1,337,352,156 66,475,810,636 Electricity tax 0 1,908,801,923 (in accord w/ electricity tax law) Natural gas taxes 0 3,991,627,080 Sales (net) 1,337,352,156 60,575,381,633 Cost of goods sold 1,097,270,681 45,152,872,704 (Total) Gross profit from 240,081,475 15,422,508,930 sales Selling expenses 59,814,761 5,939,397,114 Research and 0 73,873,597 development costs General and 112,372,604 2,041,065,153 administrative expenses Other operating 631,645,161 9,010,244,472 income Other operating 96,032,090 6,587,844,705 expenses Income before 603,507,181 9,790,572,833 financial earnings and taxes Financial -64,104,581 -586,572,696 earnings, net Impairment of 0 0 goodwill Results from 539,402,600 9,204,000,137 continuing operations before taxes Taxes on income -14,851,623 2,635,487,925 Minority interest 20,045,815 685,685,375 (Total) Net results 534,208,129 5,882,826,837 from continuing operations Income(loss) from 13,585,264 -11,692,884 DiscOps after taxes and MI Extraord inc(loss) 0 0 after taxes and MI G/L on accounting 0 0 changes after taxes and MI Results before 547,793,393 5,871,133,953 profit transfer Transfer of profits 379,742,510 0 Transfer of losses 0 0 Consolidated net 168,050,883 5,871,133,953 income(loss)
Exhibit FS - 1(b) E.ON Group Assets at 12/31/2004 ------------------------------------------------------------------------------------------------------------------------------------ Pan-European Corporate in (euro) Central Europe Gas UK Nordic US-Midwest Center ------------------------------------------------------------------------------------------------------------------------------------ Intangible assets subject to 67,195 31,842,500 116,091,586 0 0 0 amortization: Marketing-related Intangible assets subject to 563,951,236 320,059,936 695,012,716 86,861,672 0 0 amortization: Customer-related Intangible assets subject to 856,200,054 60,172,343 0 28,938,384 0 0 amortization: Contract-based Intangible assets subject to 43,636,999 29,099,919 61,020,605 20,692,539 0 26,239 amortization: Technology-based Intangible assets not 473,280,685 218,393,769 0 137,379,402 4,120,112 0 subject to amortization Other intangible assets 32,582,016 0 0 0 0 559,992 Advance payments on 6,426,946 493,286 0 0 0 82,562 intangible assets Intangible assets 1,976,145,131 660,061,753 872,124,907 273,871,997 4,120,112 668,793 Goodwill 2,304,630,810 3,822,863,602 4,778,513,078 358,545,617 3,080,574,095 97,891,455 Land and leasehold 1,200,311,197 92,341,628 142,337,311 2,194,189,228 28,593,796 40,848,134 rights-Total Buildings incl. buildings on 2,746,225,740 156,567,753 128,896,402 398,746,936 245,472,655 177,110,149 non owned land-Total Mine development costs, 12,650,675 0 0 0 0 0 mines, drilling Nuclear fuel rods 5,143,224 0 0 0 0 0 Technical equipment, plant 11,459,840,592 4,517,269,706 5,451,688,679 4,567,553,765 3,170,266,097 10,258,325 and machinery-Total Other equip, fixtures, 242,639,066 59,374,268 552,996,042 71,538,684 63,658,482 9,721,327 furniture and office-Total Advance payments and 928,611,364 49,797,713 0 116,947,036 204,222,287 22,506,763 construction in progress Asset Retirement Cost (ARC) 55,191,446 15,078,369 22,184,299 1,400,255 7,369,156 0 Tangible fixed assets 16,650,613,304 4,890,429,437 6,298,102,733 7,350,375,904 3,719,582,473 260,444,698 Shares in affiliated 311,720,632 256,881,592 0 11,812,323 0 -10,904,624 companies L/T loans to affiliated 239,871,184 26,019,358 0 0 0 326,105,162 companies Shares in associated 2,005,240,345 5,315,016,786 11,328,569 443,541,678 63,360,775 2,097,863,407 companies Other share investments 1,040,763,795 3,712,385,331 2,232,652 106,456,213 0 -381,932,901 Loans to other investees 58,889,481 1,000,000 1,852,759 198,750,707 0 36,225,488 Long-term securities 705,437,614 3,668,279 22,630,704 0 0 100,069,631 Other long-term loans 263,398,706 15,513,801 0 253,924,574 9,864,011 5,403,045 Financial assets 4,625,321,757 9,330,485,147 38,044,684 1,014,485,495 73,224,786 2,172,829,208 Total fixed assets 25,556,711,002 18,703,839,939 11,986,785,402 8,997,279,013 6,877,501,466 2,531,833,923 Inventories 983,253,579 695,822,854 221,092,321 213,222,783 182,416,201 -9,424,630 Financial receivables from 0 253,445,421 0 0 0 -240,510,124 affliliates<3months Financial receivables from 10,065,340,915 93,853,813 0 87,960 0 -10,068,060,976 affliliates>3months Financial receivables from 68,697,060 9,524,201 0 8,565,914 0 0 other investees Financial 0 0 0 0 0 0 receivables-Degussa Bank Rec from direct-financing or 345,510,030 0 0 33,304,531 0 0 sales-type lease Other assets (financial) 958,505,708 76,928,851 12,504,677 469,254,284 12,623,493 24,865,472 Total financial receivables 11,438,053,713 433,752,286 12,504,677 511,212,689 12,623,493 -10,283,705,628 Trade receivables 2,241,125,294 1,524,021,630 1,734,759,479 592,987,521 255,783,593 3,013,247 Operating receivables from 181,141,763 185,772,657 86,762,833 0 2,724,199 -436,299,668 affiliates Operating receivables from 281,367,159 478,842,280 0 7,823,415 0 3,211,293 other investees Reinsurance claim due from 1,017,158,618 0 0 0 0 908,293 pension fund Other assets (operating) 2,033,335,901 411,139,644 782,219,273 177,011,813 225,710,820 3,607,759,764 Total operating receivables 5,754,128,735 2,599,776,211 2,603,741,585 777,822,749 484,218,612 3,178,592,929 Total receivables and other 17,192,182,448 3,033,528,497 2,616,246,262 1,289,035,438 496,842,105 -7,105,112,699 assets Investments in short-term 9,623,703,227 2,037,189 0 42,239,920 0 -1,887,661,199 securities Cash and cash equivalents 370,709,344 235,915,923 73,923,215 36,004,326 25,275,655 3,123,626,776 Liquid funds 9,994,412,571 237,953,112 73,923,215 78,244,246 25,275,655 1,235,965,577 Assets of disposal groups 0 0 0 552,825,689 0 0 Total non-fixed assets 28,169,848,598 3,967,304,463 2,911,261,798 2,133,328,156 704,533,961 -5,878,571,752 Deferred tax assets 1,658,751,925 36,610,486 0 109,727,802 36,581,153 -335,269,375 Prepaid expenses 151,752,556 12,699,242 88,160,185 49,121,180 24,826,522 8,542,092 Total ASSETS 55,537,064,081 22,720,454,130 14,986,207,385 11,289,456,151 7,643,443,102 -3,673,536,213 ------------------------------------------------------------------------------------- Core Energy Other in (euro) Business activities E.ON Group ------------------------------------------------------------------------------------- Intangible assets subject to 148,001,281 0 148,001,281 amortization: Marketing-related Intangible assets subject to 1,665,885,560 0 1,665,885,560 amortization: Customer-related Intangible assets subject to 945,310,781 716,478 946,027,259 amortization: Contract-based Intangible assets subject to 154,476,301 0 154,476,301 amortization: Technology-based Intangible assets not 833,173,968 0 833,173,968 subject to amortization Other intangible assets 33,142,008 0 33,142,008 Advance payments on 7,002,794 0 7,002,794 intangible assets Intangible assets 3,786,992,693 716,478 3,787,709,171 Goodwill 14,443,018,657 10,778,192 14,453,796,849 Land and leasehold 3,698,621,294 1,378,418,417 5,077,039,711 rights-Total Buildings incl. buildings on 3,853,019,635 3,007,391,591 6,860,411,226 non owned land-Total Mine development costs, 12,650,675 0 12,650,675 mines, drilling Nuclear fuel rods 5,143,224 0 5,143,224 Technical equipment, plant 29,176,877,164 280,209 29,177,157,373 and machinery-Total Other equip, fixtures, 999,927,869 5,737,832 1,005,665,701 furniture and office-Total Advance payments and 1,322,085,163 1,740,007 1,323,825,170 construction in progress Asset Retirement Cost (ARC) 101,223,525 0 101,223,525 Tangible fixed assets 39,169,548,549 4,393,568,056 43,563,116,605 Shares in affiliated 569,509,923 1,085,322 570,595,245 companies L/T loans to affiliated 591,995,704 0 591,995,704 companies Shares in associated 9,936,351,560 0 9,936,351,560 companies Other share investments 4,479,905,090 3,804,285 4,483,709,375 Loans to other investees 296,718,435 0 296,718,435 Long-term securities 831,806,228 2,308,336 834,114,564 Other long-term loans 548,104,137 1,359,385 549,463,522 Financial assets 17,254,391,077 8,557,328 17,262,948,405 Total fixed assets 74,653,950,745 4,413,620,054 79,067,570,799 Inventories 2,286,383,108 360,831,936 2,647,215,044 Financial receivables from 12,935,297 0 12,935,297 affliliates<3months Financial receivables from 91,221,712 0 91,221,712 affliliates>3months Financial receivables from 86,787,175 0 86,787,175 other investees Financial 0 0 0 receivables-Degussa Bank Rec from direct-financing or 378,814,561 0 378,814,561 sales-type lease Other assets (financial) 1,554,682,485 0 1,554,682,485 Total financial receivables 2,124,441,230 0 2,124,441,230 Trade receivables 6,351,690,764 182,153,200 6,533,843,964 Operating receivables from 20,101,784 42,640,701 62,742,485 affiliates Operating receivables from 771,244,147 1,557 771,245,704 other investees Reinsurance claim due from 1,018,066,911 0 1,018,066,911 pension fund Other assets (operating) 7,237,177,215 136,194,157 7,373,371,372 Total operating receivables 15,398,280,821 360,989,615 15,759,270,436 Total receivables and other 17,522,722,051 360,989,615 17,883,711,666 assets Investments in short-term 7,780,319,137 2,967,684 7,783,286,821 securities Cash and cash equivalents 3,865,455,239 367,594,218 4,233,049,457 Liquid funds 11,645,774,376 370,561,902 12,016,336,278 Assets of disposal groups 552,825,689 0 552,825,689 Total non-fixed assets 32,007,705,224 1,092,383,453 33,100,088,677 Deferred tax assets 1,506,401,991 44,665,927 1,551,067,918 Prepaid expenses 335,101,777 8,584,840 343,686,617 Total ASSETS 108,503,088,636 5,559,325,375 114,062,414,011
Exhibit FS - 1(b) E.ON Group Assets at 12/31/2004
------------------------------------------------------------------------------------------------------------------------------------ Pan-European Corporate in $ Central Europe Gas UK Nordic US-Midwest Center ------------------------------------------------------------------------------------------------------------------------------------ Intangible assets subject to 90,969 43,108,377 157,164,789 0 0 0 amortization: Marketing-related Intangible assets subject to 763,477,183 433,297,141 940,908,215 117,593,332 0 0 amortization: Customer-related Intangible assets subject to 1,159,123,633 81,461,318 0 39,176,784 0 0 amortization: Contract-based Intangible assets subject to 59,075,769 39,395,470 82,609,695 28,013,559 0 35,522 amortization: Technology-based Intangible assets not 640,727,391 295,661,484 0 185,984,234 5,577,808 0 subject to amortization Other intangible assets 44,109,533 0 0 0 0 758,117 Advance payments on intangible 8,700,799 667,811 0 0 0 111,772 assets Intangible assets 2,675,305,278 893,591,601 1,180,682,699 370,767,910 5,577,808 905,412 Goodwill 3,120,009,191 5,175,392,744 6,469,151,005 485,399,056 4,170,481,210 132,525,452 Land and leasehold 1,624,981,298 125,012,096 192,696,252 2,970,493,377 38,710,281 55,300,204 rights-Total Buildings incl. buildings on 3,717,840,407 211,961,424 174,499,949 539,823,602 332,320,880 239,771,720 non owned land-Total Mine development costs, 17,126,484 0 0 0 0 0 mines, drilling Nuclear fuel rods 6,962,897 0 0 0 0 0 Technical equipment, plant 15,514,332,193 6,115,479,728 7,380,496,134 6,183,554,287 4,291,906,242 13,887,720 and machinery-Total Other equip, fixtures, 328,484,768 80,380,884 748,646,042 96,849,070 86,180,853 13,160,732 furniture and office-Total Advance payments and 1,257,154,065 67,416,144 0 158,322,897 276,476,132 30,469,656 construction in progress Asset Retirement Cost (ARC) 74,718,180 20,413,096 30,033,104 1,895,665 9,976,363 0 Tangible fixed assets 22,541,600,291 6,620,663,372 8,526,371,480 9,950,938,899 5,035,570,752 352,590,032 Shares in affiliated 422,007,392 347,766,299 0 15,991,523 0 -14,762,680 companies L/T loans to affiliated 324,737,609 35,225,007 0 0 0 441,481,168 companies Shares in associated 2,714,694,379 7,195,469,725 15,336,617 600,466,724 85,777,817 2,840,087,480 companies Other share investments 1,408,986,026 5,025,827,261 3,022,564 144,120,421 0 -517,060,761 Loans to other investees 79,724,579 1,353,800 2,508,265 269,068,707 0 49,042,066 Long-term securities 955,021,442 4,966,116 30,637,447 0 0 135,474,266 Other long-term loans 356,589,168 21,002,584 0 343,763,088 13,353,898 7,314,642 Financial assets 6,261,760,595 12,631,610,792 51,504,893 1,373,410,463 99,131,715 2,941,576,182 Total fixed assets 34,598,675,355 25,321,258,509 16,227,710,077 12,180,516,328 9,310,761,485 3,427,596,765 Inventories 1,331,128,695 942,004,980 299,314,784 288,661,004 246,955,053 -12,759,064 Financial receivables from 0 343,114,411 0 0 0 -325,602,606 affliliates<3months Financial receivables from 13,626,458,531 127,059,292 0 119,080 0 -13,630,140,949 affliliates>3months Financial receivables from 93,002,080 12,893,863 0 11,596,534 0 0 other investees Financial receivables- 0 0 0 0 0 0 Degussa Bank Rec from direct-financing or 467,751,479 0 0 45,087,674 0 0 sales-type lease Other assets (financial) 1,297,625,027 104,146,278 16,928,832 635,276,450 17,089,685 33,662,876 Total financial receivables 15,484,837,117 587,213,845 16,928,832 692,079,738 17,089,685 -13,922,080,679 Trade receivables 3,034,035,423 2,063,220,483 2,348,517,383 802,786,506 346,279,828 4,079,334 Operating receivables from 245,229,719 251,499,023 117,459,523 0 3,688,021 -590,662,491 affiliates Operating receivables from 380,914,860 648,256,679 0 10,591,339 0 4,347,448 other investees Reinsurance claim due from 1,377,029,337 0 0 0 0 1,229,647 pension fund Other assets (operating) 2,752,730,143 556,600,850 1,058,968,452 239,638,592 305,567,308 4,884,185,169 Total operating receivables 7,789,939,481 3,519,577,034 3,524,945,358 1,053,016,438 655,535,157 4,303,179,107 Total receivables and other 23,274,776,598 4,106,790,879 3,541,874,189 1,745,096,176 672,624,842 -9,618,901,572 assets Investments in short-term 13,028,569,429 2,757,946 0 57,184,404 0 -2,555,515,731 securities Cash and cash equivalents 501,866,310 319,382,977 100,077,248 48,742,657 34,218,182 4,228,765,929 Liquid funds 13,530,435,739 322,140,923 100,077,248 105,927,060 34,218,182 1,673,250,198 Assets of disposal groups 0 0 0 748,415,418 0 0 Total non-fixed assets 38,136,341,032 5,370,936,782 3,941,266,222 2,888,099,658 953,798,076 -7,958,410,438 Deferred tax assets 2,245,618,356 49,563,276 0 148,549,498 49,523,565 -453,887,680 Prepaid expenses 205,442,610 17,192,234 119,351,258 66,500,253 33,610,145 11,564,284 Total ASSETS 75,186,077,353 30,758,950,801 20,288,327,558 15,283,665,737 10,347,693,271 -4,973,233,325 ------------------------------------------------------------------------------------- Core Energy Other in $ Business activities E.ON Group ------------------------------------------------------------------------------------- Intangible assets subject to 200,364,134 0 200,364,134 amortization: Marketing-related Intangible assets subject to 2,255,275,871 0 2,255,275,871 amortization: Customer-related Intangible assets subject to 1,279,761,735 969,968 1,280,731,703 amortization: Contract-based Intangible assets subject to 209,130,016 0 209,130,016 amortization: Technology-based Intangible assets not 1,127,950,918 0 1,127,950,918 subject to amortization Other intangible assets 44,867,650 0 44,867,650 Advance payments on intangible 9,480,383 0 9,480,383 assets Intangible assets 5,126,830,708 969,968 5,127,800,676 Goodwill 19,552,958,658 14,591,516 19,567,550,174 Land and leasehold 5,007,193,508 1,866,102,853 6,873,296,361 rights-Total Buildings incl. buildings on 5,216,217,982 4,071,406,736 9,287,624,718 non owned land-Total Mine development costs, 17,126,484 0 17,126,484 mines, drilling Nuclear fuel rods 6,962,897 0 6,962,897 Technical equipment, plant 39,499,656,305 379,347 39,500,035,652 and machinery-Total Other equip, fixtures, 1,353,702,349 7,767,877 1,361,470,226 furniture and office-Total Advance payments and 1,789,838,894 2,355,621 1,792,194,515 construction in progress Asset Retirement Cost (ARC) 137,036,408 0 137,036,408 Tangible fixed assets 53,027,734,826 5,948,012,434 58,975,747,260 Shares in affiliated 771,002,534 1,469,309 772,471,843 companies L/T loans to affiliated 801,443,784 0 801,443,784 companies Shares in associated 13,451,832,742 0 13,451,832,742 companies Other share investments 6,064,895,511 5,150,241 6,070,045,752 Loans to other investees 401,697,417 0 401,697,417 Long-term securities 1,126,099,271 3,125,025 1,129,224,297 Other long-term loans 742,023,381 1,840,335 743,863,716 Financial assets 23,358,994,640 11,584,911 23,370,579,551 Total fixed assets 101,066,518,519 5,975,158,829 107,041,677,348 Inventories 3,095,305,452 488,494,275 3,583,799,727 Financial receivables from 17,511,805 0 17,511,805 affliliates<3months Financial receivables from 123,495,954 0 123,495,954 affliliates>3months Financial receivables from 117,492,478 0 117,492,478 other investees Financial receivables- 0 0 0 Degussa Bank Rec from direct-financing or 512,839,153 0 512,839,153 sales-type lease Other assets (financial) 2,104,729,148 0 2,104,729,148 Total financial receivables 2,876,068,537 0 2,876,068,537 Trade receivables 8,598,918,956 246,599,002 8,845,517,958 Operating receivables from 27,213,795 57,726,981 84,940,776 affiliates Operating receivables from 1,044,110,326 2,108 1,044,112,434 other investees Reinsurance claim due from 1,378,258,984 0 1,378,258,984 pension fund Other assets (operating) 9,797,690,514 184,379,650 9,982,070,163 Total operating receivables 20,846,192,575 488,707,741 21,334,900,316 Total receivables and other 23,722,261,113 488,707,741 24,210,968,853 assets Investments in short-term 10,532,996,048 4,017,651 10,537,013,698 securities Cash and cash equivalents 5,233,053,303 497,649,052 5,730,702,355 Liquid funds 15,766,049,350 501,666,703 16,267,716,053 Assets of disposal groups 748,415,418 0 748,415,418 Total non-fixed assets 43,332,031,332 1,478,868,719 44,810,900,051 Deferred tax assets 2,039,367,015 60,468,732 2,099,835,747 Prepaid expenses 453,660,786 11,622,156 465,282,942 Total ASSETS 146,891,481,395 7,526,214,693 154,417,696,088
Exhibit FS-1(c) E.ON Group Stockholders' equity and liabilities at 12/31/2004
----------------------------------------------------------------------------------------------------------------------------------- Pan-European Corporate in (euro) Central Europe Gas UK Nordic US-Midwest Center ----------------------------------------------------------------------------------------------------------------------------------- Capital stock 1,321,639,356 1,125,000,000 461,371,269 826,264,184 761,162,236 -2,878,237,045 Additional paid-in capital 3,198,989,494 2,390,039,682 1,546,253,638 2,809,438,834 3,976,897,541 -2,366,312,419 Retained earnings 8,865,136,658 6,725,579,248 3,562,001,418 872,251,168 272,375,318 -962,390,616 Currency translation 107,785,111 69,848,385 140,300,736 10,020,772 -1,050,821,778 -170,374,397 adjustments-net Unrealised gains and losses (AFS 233,966,921 1,667,986,502 1,047,605 1,644,312 0 -410,717,718 securities) Reclass. of realized gains/losses -687,654,107 -10,783,803 -42,968 0 0 14,241,559 Minimum pension liability 519,738,148 46,079,176 281,301,912 199,556 22,591,665 191,066,222 Cash flow hedges 56,409 0 -23,055,136 -1,613,940 2,439,472 -77,215,520 Other comprehensive income (OCI) 509,611,582 1,702,539,514 -116,855,467 13,079,468 -1,075,852,915 -709,184,376 Treasury stock 0 0 0 0 0 256,212,894 Total equity 13,895,377,090 11,943,158,444 5,452,770,858 4,521,033,654 3,934,582,180 -7,172,337,350 Minority interest (without OCI) 2,110,455,213 709,185,415 108,187,110 1,639,346,002 125,772,872 -593,835,400 Minority interest in OCI 32,550,981 -321,034 -601,645 18,069,898 -13,616,595 -13,962,163 Minority interests 2,143,006,194 708,864,381 107,585,465 1,657,415,900 112,156,277 -607,797,563 Provisions for pensions and 6,097,524,653 861,154,737 738,308,652 7,494,426 225,353,572 449,345,315 similar obligations Tax provisions (excluding 1,457,172,078 189,128,451 215,839,912 113,541,124 38,781,241 766,343,926 deferred taxes) Nuclear energy-related 13,070,985,871 0 0 409,987,243 0 0 obligations (net) Other provisions 5,801,271,079 1,247,686,345 251,882,936 361,313,404 980,193,326 420,268,735 Total provisions/accrued 26,426,953,681 2,297,969,533 1,206,031,500 892,336,197 1,244,328,139 1,635,957,976 liabilities Bonds (including medium term 0 0 472,244,982 508,926,737 938,865,774 7,227,730,929 notes) Liabilities due to banks 1,216,388,855 289,489,832 100,324,008 270,388,997 0 285,451,271 Notes payable 0 196,247 3,159,407 0 0 47,735,038 Commercial paper 0 0 0 227,419,666 0 3,403,594,985 Lease obligations 9,241,560 8,403,694 94,439,400 7,040,985 0 0 Other financial liabilities 50,566,798 64,931,061 0 382,424,158 16,539,253 -142,756,706 Liabilities due to affiliated 99,370,510 874,097,602 4,378,246,994 462,174,699 844,163,482 -6,700,313,162 companies-financial Liabilities due to other 1,753,111,809 38,698,528 0 11,025,789 0 31,317,014 investees-financial Diff. debt consol. (financial) 0 0 0 0 0 -5,410,592 (only E.ON level) Total financial liabilities 3,128,679,532 1,275,816,964 5,048,414,791 1,869,401,031 1,799,568,509 4,147,348,777 Trade accounts payable 551,146,194 1,576,902,479 1,122,375,738 132,460,762 207,517,642 45,016,601 Liabilities due to affiliated 984,592,812 1,793,887,318 346,037,898 489,823 13,512,202 -3,019,302,729 companies-operating Liabilities due to other 52,425,264 57,906,643 0 63,941,878 0 9,712,403 investees-operating Government grants and subsidies 258,527,846 12,758,246 0 0 0 0 Construction advances from energy 3,225,786,814 160,629,758 0 171,636,404 0 0 customers Other advances received 302,372,330 51,218,720 82,479,911 0 21,328,286 3,347,897 Other operating liabilities 2,017,371,318 759,528,918 254,831,234 463,704,398 75,298,441 1,810,114,345 Diff. debt consol. (operating) 0 0 0 0 0 -887,340 (only E.ON level) Total operating liabilities 7,392,222,578 4,412,832,082 1,805,724,781 832,233,265 317,656,571 -1,151,998,823 Liabilities of disposal groups 0 0 0 53,685,320 0 0 Deferred tax liabilities 2,203,988,438 1,869,516,384 1,362,910,879 1,375,199,489 223,368,127 -832,678,512 Deferred income 346,836,568 212,296,342 2,769,111 88,151,295 11,783,299 307,969,282 Total EQUITY AND LIABILITIES 55,537,064,081 22,720,454,130 14,986,207,385 11,289,456,151 7,643,443,102 -3,673,536,213 -------------------------------------------------------------------------------------- Core Energy Other in (euro) Business activities E.ON Group -------------------------------------------------------------------------------------- Capital stock 1,617,200,000 182,000,000 1,799,200,000 Additional paid-in capital 11,555,306,770 190,494,592 11,745,801,362 Retained earnings 19,334,953,194 667,934,331 20,002,887,525 Currency translation -893,241,171 -1,885,778 -895,126,949 adjustments-net Unrealised gains and losses (AFS 1,493,927,622 -28,905 1,493,898,717 securities) Reclass. of realized gains/losses -684,239,319 0 -684,239,319 Minimum pension liability 1,060,976,679 28,986,782 1,089,963,461 Cash flow hedges -99,388,715 23,673,760 -75,714,955 Other comprehensive income (OCI) 323,337,806 -54,575,225 268,762,581 Treasury stock 256,212,894 0 256,212,894 Total equity 32,574,584,876 985,853,698 33,560,438,574 Minority interest (without OCI) 4,099,111,212 23,221,833 4,122,333,045 Minority interest in OCI 22,119,442 -43,174 22,076,268 Minority interests 4,121,230,654 23,178,659 4,144,409,313 Provisions for pensions and 8,379,181,355 210,172,146 8,589,353,501 similar obligations Tax provisions (excluding 2,780,806,732 90,401,317 2,871,208,049 deferred taxes) Nuclear energy-related 13,480,973,114 0 13,480,973,114 obligations (net) Other provisions 9,062,615,825 238,093,099 9,300,708,924 Total provisions/accrued 33,703,577,026 538,666,562 34,242,243,588 liabilities Bonds (including medium term 9,147,768,422 0 9,147,768,422 notes) Liabilities due to banks 2,162,042,963 1,836,858,718 3,998,901,681 Notes payable 51,090,692 0 51,090,692 Commercial paper 3,631,014,651 0 3,631,014,651 Lease obligations 119,125,639 0 119,125,639 Other financial liabilities 371,704,564 1,017,923,568 1,389,628,132 Liabilities due to affiliated -42,259,875 176,720,355 134,460,480 companies-financial Liabilities due to other 1,834,153,140 0 1,834,153,140 investees-financial Diff. debt consol. (financial) -5,410,592 0 -5,410,592 (only E.ON level) Total financial liabilities 17,269,229,604 3,031,502,641 20,300,732,245 Trade accounts payable 3,635,419,416 26,339,643 3,661,759,059 Liabilities due to affiliated 119,217,324 27,608,014 146,825,338 companies-operating Liabilities due to other 183,986,188 272,610 184,258,798 investees-operating Government grants and subsidies 271,286,092 0 271,286,092 Construction advances from energy 3,558,052,976 0 3,558,052,976 customers Other advances received 460,747,144 263,887,960 724,635,104 Other operating liabilities 5,380,848,654 127,461,142 5,508,309,796 Diff. debt consol. (operating) -887,340 71,101 -816,239 (only E.ON level) Total operating liabilities 13,608,670,454 445,640,470 14,054,310,924 Liabilities of disposal groups 53,685,320 0 53,685,320 Deferred tax liabilities 6,202,304,805 402,638,002 6,604,942,807 Deferred income 969,805,897 131,845,343 1,101,651,240 Total EQUITY AND LIABILITIES 108,503,088,636 5,559,325,375 114,062,414,011
Exhibit FS-1(c) E.ON Group Stockholders' equity and liabilities at 12/31/2004
------------------------------------------------------------------------------------------------------------------------------------ Pan-European Corporate in $ Central Europe Gas UK Nordic US-Midwest Center ------------------------------------------------------------------------------------------------------------------------------------ Capital stock 1,789,235,360 1,523,025,000 624,604,424 1,118,596,452 1,030,461,435 -3,896,557,312 Additional paid-in capital 4,330,791,977 3,235,635,721 2,093,318,175 3,803,418,293 5,383,923,891 -3,203,513,753 Retained earnings 12,001,622,008 9,105,089,186 4,822,237,520 1,180,853,631 368,741,706 -1,302,884,416 Currency translation 145,919,483 94,560,744 189,939,136 13,566,121 -1,422,602,523 -230,652,859 adjustments-net Unrealised gains and losses (AFS 316,744,418 2,258,120,126 1,418,248 2,226,070 0 -556,029,647 securities) Reclass. of realized gains/losses -930,946,130 -14,599,113 -58,170 0 0 19,280,223 Minimum pension liability 703,621,505 62,381,988 380,826,528 270,159 30,584,596 258,665,451 Cash flow hedges 76,367 0 -31,212,043 -2,184,952 3,302,557 -104,534,371 Other comprehensive income (OCI) 689,912,160 2,304,897,994 -158,198,931 17,706,984 -1,456,489,676 -960,093,808 Treasury stock 0 0 0 0 0 346,861,016 Total equity 18,811,561,504 16,168,647,901 7,381,961,188 6,120,575,361 5,326,637,355 -9,709,910,304 Minority interest (without OCI) 2,857,134,267 960,095,215 146,463,710 2,219,346,618 170,271,314 -803,934,365 Minority interest in OCI 44,067,518 -434,616 -814,507 24,463,028 -18,434,146 -18,901,976 Minority interests 2,901,201,785 959,660,599 145,649,203 2,243,809,645 151,837,168 -822,836,341 Provisions for pensions and 8,254,828,875 1,165,831,283 999,522,253 10,145,954 305,083,666 608,323,687 similar obligations Tax provisions (excluding 1,972,719,559 256,042,097 292,204,073 153,711,974 52,502,044 1,037,476,407 deferred taxes) Nuclear energy-related 17,695,500,672 0 0 555,040,730 0 0 obligations (net) Other provisions 7,853,760,787 1,689,117,774 340,999,119 489,146,086 1,326,985,725 568,959,813 Total provisions/accrued 35,776,809,893 3,110,991,154 1,632,725,445 1,208,044,743 1,684,571,435 2,214,759,908 liabilities Bonds (including medium term 0 0 639,325,257 688,985,017 1,271,036,485 9,784,902,132 notes) Liabilities due to banks 1,646,747,232 391,911,335 135,818,642 366,052,624 0 386,443,931 Notes payable 0 265,679 4,277,205 0 0 64,623,694 Commercial paper 0 0 0 307,880,744 0 4,607,786,891 Lease obligations 12,511,224 11,376,921 127,852,060 9,532,085 0 0 Other financial liabilities 68,457,331 87,903,670 0 517,725,825 22,390,841 -193,264,029 Liabilities due to affiliated 134,527,796 1,183,353,334 5,927,270,780 625,692,108 1,142,828,522 -9,070,883,959 companies-financial Liabilities due to other 2,373,362,767 52,390,067 0 14,926,713 0 42,396,974 investees-financial Diff. debt consol. (financial) 0 0 0 0 0 -7,324,859 (only E.ON level) Total financial liabilities 4,235,606,350 1,727,201,006 6,834,543,944 2,530,795,116 2,436,255,847 5,614,680,774 Trade accounts payable 746,141,717 2,134,810,576 1,519,472,274 179,325,380 280,937,384 60,943,474 Liabilities due to affiliated 1,332,941,749 2,428,564,651 468,466,106 663,122 18,292,819 -4,087,532,035 companies-operating Liabilities due to other 70,973,322 78,394,013 0 86,564,514 0 13,148,651 investees-operating Government grants and subsidies 349,994,998 17,272,113 0 0 0 0 Construction advances from energy 4,367,070,189 217,460,566 0 232,361,364 0 0 customers Other advances received 409,351,660 69,339,903 111,661,304 0 28,874,234 4,532,383 Other operating liabilities 2,731,117,290 1,028,250,249 344,990,525 627,763,014 101,939,029 2,450,532,800 Diff. debt consol. (operating) 0 0 0 0 0 -1,201,281 (only E.ON level) Total operating liabilities 10,007,590,926 5,974,092,073 2,444,590,209 1,126,677,394 430,043,466 -1,559,576,007 Liabilities of disposal groups 0 0 0 72,679,186 0 0 Deferred tax liabilities 2,983,759,547 2,530,951,281 1,845,108,748 1,861,745,068 302,395,770 -1,127,280,170 Deferred income 469,547,346 287,406,788 3,748,822 119,339,223 15,952,230 416,928,814 Total EQUITY AND LIABILITIES 75,186,077,353 30,758,950,801 20,288,327,558 15,283,665,737 10,347,693,271 -4,973,233,325 -------------------------------------------------------------------------------------- Core Energy Other in $ Business activities E.ON Group -------------------------------------------------------------------------------------- Capital stock 2,189,365,360 246,391,600 2,435,756,960 Additional paid-in capital 15,643,574,305 257,891,579 15,901,465,884 Retained earnings 26,175,659,634 904,249,497 27,079,909,131 Currency translation -1,209,269,897 -2,552,966 -1,211,822,864 adjustments-net Unrealised gains and losses (AFS 2,022,479,215 -39,132 2,022,440,083 securities) Reclass. of realized gains/losses -926,323,190 0 -926,323,190 Minimum pension liability 1,436,350,228 39,242,305 1,475,592,534 Cash flow hedges -134,552,442 32,049,536 -102,502,906 Other comprehensive income (OCI) 437,734,722 -73,883,940 363,850,782 Treasury stock 346,861,016 0 346,861,016 Total equity 44,099,473,005 1,334,648,736 45,434,121,741 Minority interest (without OCI) 5,549,376,759 31,437,718 5,580,814,476 Minority interest in OCI 29,945,301 -58,449 29,886,852 Minority interests 5,579,322,059 31,379,269 5,610,701,328 Provisions for pensions and 11,343,735,718 284,531,051 11,628,266,770 similar obligations Tax provisions (excluding 3,764,656,154 122,385,303 3,887,041,457 deferred taxes) Nuclear energy-related 18,250,541,402 0 18,250,541,402 obligations (net) Other provisions 12,268,969,304 322,330,437 12,591,299,741 Total provisions/accrued 45,627,902,578 729,246,792 46,357,149,369 liabilities Bonds (including medium term 12,384,248,890 0 12,384,248,890 notes) Liabilities due to banks 2,926,973,763 2,486,739,332 5,413,713,096 Notes payable 69,166,579 0 69,166,579 Commercial paper 4,915,667,635 0 4,915,667,635 Lease obligations 161,272,290 0 161,272,290 Other financial liabilities 503,213,639 1,378,064,926 1,881,278,565 Liabilities due to affiliated -57,211,419 239,244,017 182,032,598 companies-financial Liabilities due to other 2,483,076,521 0 2,483,076,521 investees-financial Diff. debt consol. (financial) -7,324,859 0 -7,324,859 (only E.ON level) Total financial liabilities 23,379,083,038 4,104,048,275 27,483,131,313 Trade accounts payable 4,921,630,805 35,658,609 4,957,289,414 Liabilities due to affiliated 161,396,413 37,375,729 198,772,143 companies-operating Liabilities due to other 249,080,501 369,059 249,449,561 investees-operating Government grants and subsidies 367,267,111 0 367,267,111 Construction advances from energy 4,816,892,119 0 4,816,892,119 customers Other advances received 623,759,484 357,251,520 981,011,004 Other operating liabilities 7,284,592,908 172,556,894 7,457,149,802 Diff. debt consol. (operating) -1,201,281 96,257 -1,105,024 (only E.ON level) Total operating liabilities 18,423,418,061 603,308,068 19,026,726,129 Liabilities of disposal groups 72,679,186 0 72,679,186 Deferred tax liabilities 8,396,680,245 545,091,327 8,941,771,572 Deferred income 1,312,923,223 178,492,225 1,491,415,449 Total EQUITY AND LIABILITIES 146,891,481,395 7,526,214,693 154,417,696,088
Exhibit FS-1(d)
---------------------------------------------------------------------------------------------------------------------------------- E.ON Group 2004 Retained Earnings ---------------------------------------------------------------------------------------------------------------------------------- Retained Earnings Pan-European Central Europe UK Gas Nordic US-Midwest ----------------------------------------------------------------------------------------------- (euro) (euro) (euro) (euro) (euro) ---------------------------------------------------------------------------------------------------------------------------------- Legal Reserves - - - - - ---------------------------------------------------------------------------------------------------------------------------------- Other Retained Earnings 8,865,136,658 3,562,001,418 6,725,579,248 872,251,168 272,375,318 ---------------------------------------------------------------------------------------------------------------------------------- Total 8,865,136,658 3,562,001,418 6,725,579,248 872,251,168 272,375,318 ---------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Retained Earnings Corporate Core Energy Other Center Business Activities E.ON Konzern ------------------------------------------------------------------------ (euro) (euro) (euro) (euro) ----------------------------------------------------------------------------------------------------------- Legal Reserves 45,293,825 45,293,825 - 45,293,825 ----------------------------------------------------------------------------------------------------------- Other Retained Earnings -1,007,684,441 19,289,659,369 667,934,331 19,957,593,700 ----------------------------------------------------------------------------------------------------------- Total -962,390,616 19,334,953,194 667,934,331 20,002,887,525 -----------------------------------------------------------------------------------------------------------
Exhibit FS-1(d)
---------------------------------------------------------------------------------------------------------------------------------- E.ON Group 2004 Retained Earnings ---------------------------------------------------------------------------------------------------------------------------------- Retained Earnings Pan-European Central Europe UK Gas Nordic US-Midwest ----------------------------------------------------------------------------------------------- USD USD USD USD USD ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Legal Reserves - - - - - ---------------------------------------------------------------------------------------------------------------------------------- Other Retained Earnings 12,001,622,008 4,822,237,520 9,105,089,186 1,180,853,631 368,741,706 ---------------------------------------------------------------------------------------------------------------------------------- Total 12,001,622,008 4,822,237,520 9,105,089,186 1,180,853,631 368,741,706 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- Retained Earnings Corporate Core Energy Other Center Business Activities E.ON Konzern ---------------------------------------------------------------------- USD USD USD USD ---------------------------------------------------------------------------------------------------------- Legal Reserves 61,318,780 61,318,780 - 61,318,780 ---------------------------------------------------------------------------------------------------------- Other Retained Earnings -1,364,203,196 26,114,340,854 904,249,497 27,018,590,351 ---------------------------------------------------------------------------------------------------------- Total -1,302,884,416 26,175,659,634 904,249,497 27,079,909,131 ----------------------------------------------------------------------------------------------------------