37Combined Group Management Report
Consolidated Financial Statements
Corporate Governance Report
Supervisory Board and Board of Management
Tables and Explanations
Income taxes include current taxes for 2009 and for prior
years and taxes for prior years due to outstanding tax audits.
At the Annual Shareholders Meeting on May 6, 2010, manage-
ment will propose that net income available for distribution
be used to pay a cash dividend of 1.50 per ordinary share.
The stable development of our operating earnings is the main
factor enabling us to maintain the dividend at the prior-year
level. We believe that in this way E.ON stock remains attractive
to investors.
If the number of ordinary shares is reduced as a result of the
repurchase of own shares by the time of the Annual Share-
holders Meeting, we plan to amend the proposed resolution
in such a way that the amount proportionate to those repur-
chased shares (at an unchanged distribution of 1.50 per ordi-
nary share) be carried forward as income.
The complete Financial Statements of E.ON AG, with the
unqualified opinion issued by the auditors, Pricewater-
houseCoopers Aktiengesellschaft, Wirtschaftsprüfungsgesell-
schaft, Düsseldorf, will be announced in the electronic
Bundesanzeiger. Copies are available on request from E.ON AG
and at www.eon.com.
Disclosure of Takeover Barriers
The disclosures pursuant to Section 289, Paragraph 4, and
Section 315, Paragraph 4 of the German Commercial Code,
which are part of the Combined Group Management Report,
are in the chapter Disclosure of Takeover Barriers on pages
162164 of this report.
Income Statement of E.ON AG (Summary)
in millions 2009 2008
Income from equity interests 6,689 4,997
Interest income -1,195 -965
Other expenditures and income -487 -118
Income from continuing operations
before income taxes 5,007 3,914
Income taxes -1,173 -1,025
Net income 3,834 2,889
Net earnings carried forward 30
Net income transferred to retained
earnings -976 -62
Net income available for distribution 2,858 2,857
Financial Statements of E.ON AG
E.ON AG prepares its Financial Statements in accordance
with the German Commercial Code and the German Stock
Corporation Act. E.ON AG's net income for 2009 amounts to
3,834 million compared with 2,889 million in the prior
year. After transferring 976 million to retained earnings, net
income available for distribution totals 2,858 million.
E.ON AG's income from equity interests increased by 1,692 mil-
lion to 6,689 million. This is mainly attributable to the
impairment charges recorded in the prior year on the finan-
cial assets of subsidiaries, which had an adverse effect on
income from equity interests. Including intragroup tax trans-
fers, E.ON Energie AG transferred 4,004 million of profit
and E.ON Ruhrgas Holding GmbH transferred 3,073 million
of profit in 2009.
The negative figure recorded under other expenditures and
income (net) declined by 369 million year on year to
-487 million. Negative effects from financial transactions
constituted the main factor.
Balance Sheet of E.ON AG (Summary)
in millions
December 31,
2009 2008
Intangible assets and property, plant,
and equipment 146 155
Financial assets 38,341 27,564
Non-current assets 38,487 27,719
Receivables from affiliated companies 23,267 39,852
Other receivables and assets 4,909 3,777
Liquid funds 2,025 415
Current assets 30,201 44,044
Total assets 68,688 71,763
Equity 12,453 11,475
Special items with provision component 384 393
Provisions 4,954 4,194
Liabilities to affiliated companies 46,345 42,902
Other liabilities 4,552 12,799
Total equity and liabilities 68,688 71,763