RWE AG is the management holding company of the RWE Group. It handles general management tasks such as corporate strategy, corporate finance and corporate accounting. RWE AG’s situation is largely determined by the Group’s activities.
The financial statements of RWE AG, which have been issued an unqualified audit opinion by PricewaterhouseCoopers Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, are submitted to Bundesanzeiger Verlagsgesellschaft mbH, Cologne, Germany, the operator of the electronic Federal Gazette (Bundesanzeiger) and published in the electronic Bundesanzeiger. They can be ordered from RWE AG and are also available on the Internet.
Financial statements.
The financial statements of RWE AG are prepared in accordance with the German Commercial Code and the German Stock Corporation Act. A brief overview is provided below:
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Balance sheet of RWE AG (abridged) |
Dec 31, |
Dec 31, |
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Non-current assets |
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Financial assets |
30,298 |
29,546 |
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Current assets |
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Accounts receivable from affiliated companies |
9,870 |
5,542 |
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Other accounts receivable and other assets |
788 |
925 |
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Marketable securities and cash and cash equivalents |
4,834 |
4,779 |
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Total assets |
45,790 |
40,792 |
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Equity |
9,416 |
8,400 |
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Provisions |
7,341 |
6,988 |
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Accounts payable to affiliated companies |
26,029 |
23,515 |
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Other liabilities |
3,004 |
1,889 |
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Total equity and liabilities |
45,790 |
40,792 |
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Income statement of RWE AG (abridged) |
2008 |
2007 |
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Net income from financial assets |
3,751 |
4,130 |
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Net interest |
-961 |
-1,210 |
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Other income and expenses |
330 |
802 |
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Profit from ordinary activities |
3,120 |
3,722 |
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Taxes on income |
-285 |
-777 |
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Net profit |
2,835 |
2,945 |
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Reconciliation to distributable profit |
-427 |
-1,173 |
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Distributable profit |
2,408 |
1,772 |
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