RWE AG - Annual Report 2008

5-year-overview
RWE Group

2008

2007¹

2006²

2005

2004

1	Figures partially adjusted (see commentary).
2	Figures partially adjusted (see commentary on page 60 in the 2007 annual report).
3	Figures for 2006 according to the new value management concept; see Annual Report 2007, page 208.
4	Discontinued operations are excluded from the figures from 2008 onwards.
5	Cash flows from operating activities minus capital expenditure on property, plant and equipment.
6	In accordance with IAS 1, as of 2005 excluding financial assets.
7	Converted to full-time positions.
8	Besides net financial debt, this included provisions for pension and similar obligations, provisions for nuclear waste management, and provisions for mining damage. The capitalized surplus of plan assets over benefit obligations is subtracted.
9	Not applicable

External revenue

€ million

48,950

42,507

42,554

39,487

42,137

Income

EBITDA Glossary

€ million

8,314

7,915

7,172

7,095

8,400

Operating result

€ million

6,826

6,533

5,681

5,371

5,976

Income from continuing operations before tax

€ million

4,866

5,246

3,537

3,156

3,935

Net income/RWE AG shareholders‘ share in net income

€ million

2,558

2,667

3,847

2,231

2,137

Earnings per share

€

4.75

4.74

6.84

3.97

3.80

Return on equity

20.7

20.1

30.3

20.8

23.8

Return on revenue

12.3

16.0

15.2

13.6

15.1

Value management³

Return on capital employed (ROCE)

17.2

16.5

14.2

16.6

13.5

Value added

€ million

3,453

2,970

2,074

2,451

1,998

Capital employed

€ million

39,809

39,710

40,206

32,444

44,480

Cash flow⁴/ capital expenditure⁴/ depreciation and amortization

Cash flows from operating activities

€ million

8,853

6,085

6,783

5,304

4,928

Free cash flow⁵

€ million

4,399

2,020

2,289

1,637

1,499

Capital expenditure including acquisitions

€ million

5,693

4,227

4,728

4,143

3,737

Property, plant and equipment

€ million

4,454

4,065

4,494

3,667

3,429

Depreciation, amortization, impairment losses and asset disposals⁶

€ million

2,416

2,629

3,164

4,098

7,051

Free cash flow per share

€

8.17

3.59

4.07

2.91

2.67

Workforce

Workforce at end of fiscal year⁷

65,908

63,439

61,725

85,928

97,777

Asset/capital structure

Non-current assets

€ million

41,763

41,360

51,999

71,680

65,406

Current assets

€ million

51,667

42,060

41,456

37,778

27,964

Balance sheet equity

€ million

13,140

14,659

14,111

12,357

11,193

Non-current liabilities

€ million

36,793

36,796

52,402

65,065

60,321

Current liabilities

€ million

43,497

31,965

26,942

32,036

21,856

Balance sheet total

€ million

93,430

83,420

93,455

109,458

93,370

Net financial debt of continuing operations

€ million

-650

-2,064

-4,720

11,438

12,385

Net debt of the RWE Group⁸

€ million

18,659

16,514

17,827

33,937

34,669

Equity ratio

14.1

17.6

15.1

11.3

12.0

Research & Development

R&D costs

€ million

105

114

R&D employees

330

270

273

223

224

Emissions balance

CO₂-emissions

million metric tons CO₂

172

187

178

173

n.a.⁹

Free allocation of CO₂ certificates

million metric tons CO₂

105

170

167

165

n.a.⁹

Shortage of CO₂ certificates

million metric tons CO₂

n.a.⁹

5-year overview RWE Group