36 The following key figures underscore that the E.ON Group has a solid asset and capital structure: · Non-current assets are covered by equity at 39 percent (December 31, 2008: 35 percent). · Non-current assets are covered by long-term capital at 102 percent (December 31, 2008: 96 percent). Additional information about our asset situation is contained in Notes 4 to 26 to the Consolidated Financial Statements. Summary Statement on E.ON's Earnings, Financial, and Asset Situation Our earnings situation (adjusted EBIT and adjusted net income were only slightly below the high prior-year figures despite the difficult economic environment), our continued positive value performance, and the slight improvement in our financial key figures are indicative of the E.ON Group's solid financial situation in 2009. Non-current assets at year-end 2009 rose by 4 percent com- pared with the figure at year-end 2008, primarily due to invest- ments in property, plant, and equipment. Current assets decreased by 18 percent. The main factors were lower current receivables from derivative financial instruments and the disposal of assets held for sale. Our equity ratio of 29 percent is 4 percentage points above the figure recorded at year-end 2008, mainly due to our solid earnings. Non-current liabilities increased by 4.4 billion to 70.8 billion. E.ON successfully placed long-term bonds with a book value of about 8 billion in 2009. This was partially offset by the reclassification (due to maturity dates) of non-current to cur- rent liabilities along with a reduction of operating liabilities. Current liabilities declined by 27 percent from year-end 2008, chiefly due to the repayment of short-term debts and a reduction of operating liabilities. Asset Situation Consolidated Assets, Liabilities, and Equity in millions Dec. 31, 2009 % Dec. 31, 2008 % Non-current assets 113,068 74 108,717 69 Current assets 39,568 26 48,107 31 Total assets 152,636 100 156,824 100 Equity 43,955 29 38,444 25 Non-current liabilities 70,828 46 66,425 42 Current liabilities 37,853 25 51,955 33 Total equity and liabilities 152,636 100 156,824 100