Balance sheet structure


As of September 30, 2009, the RWE Group had a balance sheet total of € 92.1 billion. € 15.6 billion are attributable to Essent, which was acquired as of the balance sheet date. The fact that our balance sheet total was € 1.3 billion lower compared to year-end 2008 is in part due to the deconsolidation of American Water, which had an effect of € 7.6 billion. Furthermore, our financial accounts receivable from variation margins and collateral decreased by € 1.9 billion, our derivative positions were down by € 2.4 billion, and our trade accounts receivable dropped by € 2.4 billion. In the period under review, the RWE Group’s equity ratio climbed from 14.1 % to 14.4 %. Our non-current assets were covered by equity and non-current liabilities at a rate of 108 % — proof of RWE’s solid financial and capital structure.

RWE Group’s balance sheet structure

Sep 30, 2009

 

Dec 31, 2008

 

€ million

in %

 

€ million

in %

1

Including trade accounts receivable and / or payable.

Assets

 

 

 

 

 

Non-current assets

54,300

58.9

 

41,763

44.7

Intangible assets

17,127

18.6

 

11,202

12.0

Property, plant and equipment

26,969

29.3

 

21,762

23.3

Current assets

37,847

41.1

 

51,667

55.3

Receivables and other assets1

24,518

26.6

 

31,433

33.6

Marketable securities

5,818

6.3

 

7,735

8.3

Assets held for sale

1,218

1.3

 

8,710

9.3

Total

92,147

100.0

 

93,430

100.0

Equity and liabilities

 

 

 

 

 

Equity

13,300

14.4

 

13,140

14.1

Non-current liabilities

45,501

49.4

 

36,793

39.4

Provisions

22,577

24.5

 

21,072

22.6

Financial liabilities

16,865

18.3

 

11,154

11.9

Current liabilities

33,346

36.2

 

43,497

46.5

Other liabilities1

23,067

25.0

 

28,769

30.8

Liabilities held for sale

 

6,714

7.2

Total

92,147

100.0

 

93,430

100.0