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|
Products |
RWE Group | |
|
€ million |
2008 |
2007 |
|
External revenue |
48,950 |
42,507 |
|
of which: electricity |
(31,359) |
(27,917) |
|
of which: gas |
(13,768) |
(10,768) |
|
of which: crude oil |
(1,164) |
(1,023) |
Intra-group revenue reflects the level of revenue between segments and is settled at arm’s length conditions.
The definition of the operating result is derived from the value management concept. This indicator is used for control purposes within the Group (cf. chapter Value Management). The following table presents the reconciliation of EBITDA Glossary to the operating result and to income from continuing operations before tax:
|
€ million |
2008 |
2007 |
|
EBITDA |
8,314 |
7,915 |
|
- Operating depreciation and amortization |
-1,947 |
-1,923 |
|
+ Operating income from investments |
459 |
541 |
|
Operating result |
6,826 |
6,533 |
|
+ Non-operating result |
-485 |
-149 |
|
+ Financial result |
-1,475 |
-1,138 |
|
Income from continuing operations before tax |
4,866 |
5,246 |
Income and expenses that are unusual from an economic perspective, or are the result of exceptional events, prejudice the assessment of operating activities. They are reclassified to the non-operating result. In the event that impairment losses are recognized on goodwill of fully consolidated companies, such losses are contained in the non-operating result.
More detailed information is presented in the chapter Non-operating result in the review of operations.
Capital expenditure includes spending on intangible assets, property, plant and equipment and investment property.
RWE did not generate more than 10 % of sales revenues with any single customer in the year under review and the previous year.
