History   

Share-based payment
Detailed information was provided on groupwide share-based payment plans for executive staff at RWE AG and at subsidiaries in the financial statements for the period ended December 31, 2007.

In the first quarter of 2008, another tranche was issued within the framework of the Long-Term Incentive Plan for executive staff (“Beat”).

Dividend distribution
RWE AG’s April 17, 2008, Annual General Meeting decided to pay the proposed dividend of € 3.15 per common and preferred share for fiscal 2007. The dividend payment totalled € 1,689 million.


Earnings per share

 

 

Jan – Sep
2008

Jan – Sep
2007

Net income

€ million

2,211

2,834

Number of shares outstanding (weighted average)

thousands

541,081

562,405

Basic and diluted earnings per common and preferred share

in €

4.09

5.04

The earnings per share are the same for both common and preferred shares.

Related party disclosures
The RWE Group classifies associated companies as related parties. In the first three quarters of 2008, transactions concluded with material related parties generated € 492 million in income (first three quarters of 2007: € 342 million) and € 81 million in expenses (first three quarters of 2007: € 66 million). As of September 30, 2008, accounts receivable amounted to € 648 million (December 31, 2007: € 814 million), and accounts payable totalled € 15 million (December 31, 2007: € 4 million). All business transactions are concluded at arm’s length conditions and on principle do not differ from those concluded with other companies.

Furthermore, since October 1, 2007, the companies of the Georgsmarienhütte Group have been classified as related companies, as the CEO of RWE AG, Dr. Jürgen Großmann, is a partner in Georgsmarienhütte Holding GmbH. In the first three quarters of 2008, RWE Group companies provided services and deliveries to companies of the Georgsmarienhütte Group amounting to € 5.3 million. Services and deliveries provided by Georgsmarienhütte Group companies to RWE Group companies in the first three quarters of 2008 totalled € 1.6 million. As of September 30, 2008, the Georgsmarienhütte Group had € 0.1 million in accounts receivable (December 31, 2007: € 0 million) and € 0.6 million in accounts payable (December 31, 2007: € 0.7 million) to RWE Group companies. All business transactions were completed at arm’s length conditions and do not differ from the scope of supply and services provided to other enterprises.

The RWE Group did not conclude or carry out any material transactions with related persons.


 

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