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RWE-Geschaeftsbericht-2011.Pdf
geschäFtsbericht 2011 finanzKalenDer 2012 /2013 2011 geschäftsbericht eCKDaten 2011 auf einen bliCK. RWE • Hohe Ergebnisbelastung durch beschleunigten Kernenergieausstieg in Deutschland 19. April 2012 Hauptversammlung • Betriebliches Ergebnis: 5,8 Mrd. € • Dividendenvorschlag: 2,00 € je Aktie 20. April 2012 Dividendenzahlung • Erste Maßnahmen zur Stärkung der Finanzkraft umgesetzt • Prognose 2012: Betriebliches Ergebnis trotz Desinvestitionen auf Vorjahreshöhe 10. Mai 2012 Zwischenbericht über das erste Quartal 2012 RWE-Konzern 2011 2010 + /− in % 14. August 2012 Zwischenbericht über das erste Halbjahr 2012 Außenabsatz Strom Mrd. kWh 294,6 311,2 − 5,3 Außenabsatz Gas Mrd. kWh 322,2 395,4 − 18,5 14. November 2012 Zwischenbericht über die ersten drei Quartale 2012 Außenumsatz Mio. € 51.686 53.320 − 3,1 EBITDA Mio. € 8.460 10.256 − 17,5 5. März 2013 Bericht über das Geschäftsjahr 2012 Betriebliches Ergebnis Mio. € 5.814 7.681 − 24,3 Ergebnis vor Steuern Mio. € 3.024 4.978 − 39,3 18. April 2013 Hauptversammlung Nettoergebnis /Ergebnisanteile der Aktionäre der RWE AG Mio. € 1.806 3.308 − 45,4 Nachhaltiges Nettoergebnis Mio. € 2.479 3.752 − 33,9 19. April 2013 Dividendenzahlung Return on Capital Employed (ROCE) % 10,9 14,4 - Kapitalkosten vor Steuern % 8,5 9,0 - 15. Mai 2013 Zwischenbericht über das erste Quartal 2013 Wertbeitrag Mio. € 1.286 2.876 − 55,3 Betriebliches Vermögen (Capital Employed) Mio. € 53.279 53.386 − 0,2 14. August 2013 Zwischenbericht über das erste Halbjahr 2013 Cash Flow aus laufender Geschäftstätigkeit Mio. € 5.510 5.500 0,2 Investitionen Mio. € 7.072 6.643 6,5 14. November 2013 Zwischenbericht über die ersten drei Quartale 2013 In Sachanlagen und immaterielle Vermögenswerte Mio. -
Financial Statements of RWE AG 2012
2012Financial Statements of RWE AG FINANCIAL STATEMENTS OF RWE AG The financial statements and review of operations of RWE AG for the 2012 fiscal year are submitted to Bundesanzeiger Verlagsgesellschaft mbH, Cologne, Germany, the operator of the electronic Bundesanzeiger (Federal Gazette), and published in the electronic Bundesanzeiger. The review of operations of RWE AG has been combined with the review of operations of the RWE Group and is published in our annual report on pages 31 to 101 and pages 111 to 117. Balance Sheet 2 Income Statement 3 Notes 3 Dividend Proposal 20 Responsibility Statement 21 List of Shareholdings (Part of the Notes) 22 Boards (Part of the Notes) 47 Auditor’s Report 51 Financial Calendar 52 Imprint 53 2 Balance Sheet Balance Sheet at 31 December 2012 Assets (Note) 31 Dec 2012 31 Dec 2011 € million Non-current assets (1) Financial assets 42,440 39,246 Current assets Accounts receivable and other assets (2) Accounts receivable from affiliated companies 9,039 7,719 Accounts receivable from investments 1 Other assets 121 141 Marketable securities (3) 351 2,357 Cash and cash equivalents (4) 1,404 697 10,916 10,914 Prepaid expenses (5) 465 73 Deferred tax assets (6) 2,221 2,761 56,042 52,994 Equity and liabilities (Note) 31 Dec 2012 31 Dec 2011 € million Equity (7) Subscribed capital Common shares 1,474 1,474 Preferred shares 100 100 1,574 1,574 Less nominal value of treasury shares − 1 Capital issued 1,574 1,573 Capital reserve 2,385 2,385 Retained earnings Other retained earnings 4,870 4,737 Distributable profit -
Geology and Stratigraphy Column
Capitol Reef National Park National Park Service U.S. Department of the Interior Geology “Geology knows no such word as forever.” —Wallace Stegner Capitol Reef National Park’s geologic story reveals a nearly complete set of Mesozoic-era sedimentary layers. For 200 million years, rock layers formed at or near sea level. About 75-35 million years ago tectonic forces uplifted them, forming the Waterpocket Fold. Forces of erosion have been sculpting this spectacular landscape ever since. Deposition If you could travel in time and visit Capitol Visiting Capitol Reef 180 million years ago, Reef 245 million years ago, you would not when the Navajo Sandstone was deposited, recognize the landscape. Imagine a coastal you would have been surrounded by a giant park, with beaches and tidal flats; the water sand sea, the largest in Earth’s history. In this moves in and out gently, shaping ripple marks hot, dry climate, wind blew over sand dunes, in the wet sand. This is the environment creating large, sweeping crossbeds now in which the sediments of the Moenkopi preserved in the sandstone of Capitol Dome Formation were deposited. and Fern’s Nipple. Now jump ahead 20 million years, to 225 All the sedimentary rock layers were laid million years ago. The tidal flats are gone and down at or near sea level. Younger layers were the climate supports a tropical jungle, filled deposited on top of older layers. The Moenkopi with swamps, primitive trees, and giant ferns. is the oldest layer visible from the visitor center, The water is stagnant and a humid breeze with the younger Chinle Formation above it. -
US Wind Industry Threatened by Tax Credit Withdrawal
THE ENERGY INDUSTRY March 2012 • Volume 5 • No 1 • Published monthly • ISSN 1757-7365 www.teitimes.com TIMES Renewable pursuits Smart response Final Word Minister Dr Farooq Abdullah The Energy Efficiency Directive can Junior Isles talks of explains why India’s renewable promote demand side management wind pains. targets are achievable. and help realise the smart grid. Page 13 Page 14 Page 16 News In Brief China faces import tariffs The trade dispute between China and the USA heats up as the US US wind industry government’s investigation draws to a conclusion. Page 4 NTPC ruling throws lifeline to flagging five-year plan India’s faltering 12th Five-Year threatened by Plan was given a boost after the National Thermal Power Company won a court order against a lawsuit challenging its tendering process. Page 6 tax credit French nuclear industry needs massive investment France will have to spend billions of euros to bring its nuclear energy fleet Martha Wyrsch urged up to tough new standards. an extension of the Page 8 withdrawal Production Tax Credit Germany accelerates FITs cuts Uncertainty surrounding support for With the withdrawal of a tax credit, the US wind industry is looking at a dramatic slowdown in renewable energy continued after the German government 2013. Junior Isles announced changes to its feed-in tariff scheme. The withdrawal of a tax credit for wind wind turbines. Vestas officials have power credit on behalf of Vestas “Wind energy has grown dramati- Page 9 power production at the end of the year been seeking a multi-year extension of American Wind Technology, which cally in the past several years, creating could result in massive layoffs and a the tax credit as a way to ensure future has four wind turbine plants in a manufacturing renaissance in the UNEP calls for sustainable delay or abandoning of projects. -
Oil and Gas Plays Ute Moutnain Ute Reservation, Colorado and New Mexico
Ute Mountain Ute Indian Reservation Cortez R18W Karle Key Xu R17W T General Setting Mine Xu Xcu 36 Can y on N Xcu McElmo WIND RIVER 32 INDIAN MABEL The Ute Mountain Ute Reservation is located in the northwest RESERVATION MOUNTAIN FT HALL IND RES Little Moude Mine Xcu T N ern portion of New Mexico and the southwestern corner of Colorado UTE PEAK 35 N R16W (Fig. UM-1). The reservation consists of 553,008 acres in Montezu BLACK 666 T W Y O M I N G MOUNTAIN 35 R20W SLEEPING UTE MOUNTAIN N ma and La Plata Counties, Colorado, and San Juan County, New R19W Coche T Mexico. All of these lands belong to the tribe but are held in trust by NORTHWESTERN 34 SHOSHONI HERMANO the U.S. Government. Individually owned lands, or allotments, are IND RES Desert Canyon PEAK N MESA VERDE R14W NATIONAL GREAT SALT LAKE W Marble SENTINEL located at Allen Canyon and White Mesa, San Juan County, Utah, Wash Towaoc PARK PEAK T and cover 8,499 acres. Tribal lands held in trust within this area cov Towaoc River M E S A 33 1/2 N er 3,597 acres. An additional forty acres are defined as U.S. Govern THE MOUND R15W SKULL VALLEY ment lands in San Juan County, Utah, and are utilized for school pur TEXAS PACIFIC 6-INCH OIL PIPELINE IND RES UNITAH AND OURAY INDIAN RESERVATION Navajo poses. W Ramona GOSHUTE 789 The Allen Canyon allotments are located twelve miles west of IND RES T UTAH 33 Blanding, Utah, and adjacent to the Manti-La Sal National Forest. -
Lithology and Subdivisions of the Jurassic Stump Formation in Southeastern Idaho and Adjoining Areas
Lithology and Subdivisions of the, . „ - nj,Jurassic ~ - -' - - - - Stump- - - - JL": •-Formation - - - - - in Southeastern Idaho and dning iGEOLOGlCAL SURVEY PROFESSIONAL PAPER 1035-C Lithology and Subdivisions of the Jurassic Stump Formation in Southeastern Idaho and Adjoining Areas By GEORGE N. PIPIRINGOS and RALPH W. IMLAY UNCONFORMITIES, CORRELATION, AND NOMENCLATURE OF SOME TRIASSIC AND JURASSIC ROCKS, WESTERN INTERIOR UNITED STATES GEOLOGICAL SURVEY PROFESSIONAL PAPER 1035-C Marked rapid lateral changes in lithology, fossil content, and thickness of the Stump Formation are due principally to erosion associated with the Cretaceous (K) and Jurassic (]-4) unconformities UNITED STATES GOVERNMENT PRINTING OFFICE, WASHINGTON 1979 UNITED STATES DEPARTMENT OF THE INTERIOR CECIL D. ANDRUS, Secretary GEOLOGICAL SURVEY H. William Menard, Director Library of Congress Cataloging in Publication Data Pipiringos, George Nicholas, 1918- Lithology and subdivisions of the Jurassic stump formation in southeastern Idaho and adjoining areas. (Unconformities, correlation, and nomenclature of some Triassic and Jurassic rocks, western interior United States) (Geological Survey Professional Paper 1035-C) Bibliography: p. 25 1. Geology, Stratigraphic Jurassic. 2. Geology Idaho. 3. Geology The West. 4. Petrology Idaho. 5. Petrology-The West. I. Imlay, Ralph Willard, 1908-joint author. II. Title. HI. Series. IV. Series: United States Geological Survey Professional Paper 1035-C. QE681.P49 551.7'6 78-1687 For sale by the Superintendent of Documents, U.S. Government -
Gas Market Liberalization As a Key Driver of Change of the European Gas Market and Its Influence on the Strategies of the Main Players
CENTRE INTERNATIONAL DE FORMATION EUROPEENNE INSTITUT EUROPEEN DES HAUTES ETUDES INTERNATIONALES DIPLOME DES HAUTES ÉTUDES EUROPÉENNES ET INTERNATIONALES (D.H.E.E.I.) Trilingual Branch Gas market liberalization as a key driver of change of the European gas market and its influence on the strategies of the main players Master Thesis presented by: Roman Zyuzev Under the direction of: Nizar Ben Ayed, PhD Director DHEEI in charge of Anglophone branch Nice, May 2008 II Table of contents TABLE OF CONTENTS................................................................................................................................. II ABBREVIATIONS.........................................................................................................................................IV LIST OF FIGURES ......................................................................................................................................... V 1. INTRODUCTION.................................................................................................................................... 1 1.1 PROBLEM FORM ULATION................................................................................................................. 1 1.2 OBJECTIVE AND STRUCTURE OF THE PAPER ................................................................................... 3 1.3 USEFUL THEORETICAL APPROACHES AND M ETHODS FOR UNDERSTANDING AND ANALYZING THE EUROPEAN GAS M ARKET AND STRATEGIES OF ITS PLAYERS ...................................................................... -
Geology of the Northern Portion of the Fish Lake Plateau, Utah
GEOLOGY OF THE NORTHERN PORTION OF THE FISH LAKE PLATEAU, UTAH DISSERTATION Presented in Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy in the Graduate School of The Ohio State - University By DONALD PAUL MCGOOKEY, B.S., M.A* The Ohio State University 1958 Approved by Edmund M." Spieker Adviser Department of Geology CONTENTS Page INTRODUCTION. ................................ 1 Locations and accessibility ........ 2 Physical features ......... _ ................... 5 Previous w o r k ......... 10 Field work and the geologic map ........ 12 Acknowledgements.................... 13 STRATIGRAPHY........................................ 15 General features................................ 15 Jurassic system......................... 16 Arapien shale .............................. 16 Twist Gulch formation...................... 13 Morrison (?) formation...................... 19 Cretaceous system .............................. 20 General character and distribution.......... 20 Indianola group ............................ 21 Mancos shale. ................... 24 Star Point sandstone................ 25 Blackhawk formation ........................ 26 Definition, lithology, and extent .... 26 Stratigraphic relations . ............ 23 Age . .............................. 23 Price River formation...................... 31 Definition, lithology, and extent .... 31 Stratigraphic relations ................ 34 A g e .................................... 37 Cretaceous and Tertiary systems . ............ 37 North Horn formation. .......... -
75 Jahre Dgmk
75 JAHRE DGMK 75 Jahre DGMK Deutsche Wissenschaftliche Gesellschaft für Erdöl, Erdgas und Kohle e. V. (1933–2008) Von B.-R. ALTMANN* Die DGMK Deutsche Wissenschaftliche Ge- – Gemeinschaftsforschung schaftler eingeladen. So wurde dann schon sellschaft für Erdöl, Erdgas und Kohle e. V. – die Zusammenarbeit mit dem DIN Deut- im September 1933 der Name der Gesell- feiert am 22./23. Mai 2008 am Ort ihrer sches Institut für Normung e. V. bei der schaft in Deutsche Gesellschaft für Mineral- Gründung in Berlin ihr 75jähriges Beste- Mineralöl- und Brennstoffnormung ölforschung (DGM) geändert. hen. – die Mitwirkung an der Bearbeitung ande- Auf der Gründungsveranstaltung, an der 75 Seit ihrer Gründung fördert die Gesellschaft rer Technischer Regelwerke Personen teilnahmen, wurde Prof. Dr. L. Ub- Wissenschaft, Forschung, Technik und Wei- – die Förderung von Qualitätssicherung belohde, Karlsruhe, zum Vorsitzenden ge- terbildung auf den Gebieten: und Arbeitssicherheit. wählt, neben ihm war Dipl.-Ing. Gottfried – Aufsuchung, Gewinnung und Speicherung Zur Historie der Deutschen Wissenschaftli- Feder, MDR, der politische Verbindungs- von Erdöl und Erdgas chen Gesellschaft für Erdöl, Erdgas und mann zur Reichsleitung der NSDAP. Weiter – Verarbeitung und Anwendung von Mine- Kohle e. V.(DGMK) liegen bereits fünf um- bestand der Vorstand aus Prof. W. Schulz, ralöl, Erdgas und ihren Folgeprodukten fangreiche Veröffentlichungen über 30, 40 Clausthal, (1. stellv. Vors.), Dipl.-Ing. Al- – Petrochemie und 50 Jahre DGMK vor [1–5]. Daher wird fred Wirth, Berlin (2. stellv. Vors.),Reg. Rat. – Kohlenveredlung und Weiterverarbeitung in der folgenden Zusammenstellung über Dipl.-Ing. W. Deutsch, Berlin (Schrift- und von Produkten. den Zeitraum der ersten 50 Jahre der Kassenführer) und Dr.-Ing. Oscar Zaepke, Mit fast 1.800 Mitgliedern verfolgt die DGMK gestrafft berichtet. -
Geschäftsbericht 2009 (PDF)
Falzmarke Falzmarke Falzmarke Falzmarke Geschäftsbericht 2009 FINANZKALENDER 2010/2011 2009 Geschäftsbericht GROSSES ECKDATEN 2009 AUF EINEN BLICK. RWE 22. April 2010 Hauptversammlung BEWEGEN. • Alle Ergebnisziele erreicht • Nachhaltiges Nettoergebnis steigt um 5 % 23. April 2010 Dividendenzahlung • Akquisition des niederländischen Energieversorgers Essent Für unsere Kunden. • Dividendenvorschlag von 3,50 € je Aktie 12. Mai 2010 Zwischenbericht über das erste Quartal 2010 12. August 2010 Zwischenbericht über das erste Halbjahr 2010 RWE-Konzern 2009 2008 +/- in % Umsatz Mio. € 47.741 48.950 -2,5 11. November 2010 Zwischenbericht über die ersten drei Quartale 2010 EBITDA Mio. € 9.165 8.773 4,5 Betriebliches Ergebnis Mio. € 7.090 6.826 3,9 24. Februar 2011 Bericht zum Geschäftsjahr 2010 Ergebnis fortgeführter Aktivitäten vor Steuern Mio. € 5.598 4.866 15,0 Nettoergebnis Mio. € 3.571 2.558 39,6 20. April 2011 Hauptversammlung Nachhaltiges Nettoergebnis1 Mio. € 3.532 3.367 4,9 Return on Capital Employed (ROCE) % 16,3 17,2 – 21. April 2011 Dividendenzahlung Kapitalkosten vor Steuern % 9,0 8,5 – Wertbeitrag Mio. € 3.177 3.453 -8,0 12. Mai 2011 Zwischenbericht über das erste Quartal 2011 Betrieblich gebundenes Vermögen (Capital Employed) Mio. € 43.597 39.809 9,5 Cash Flow aus laufender Geschäftstätigkeit Mio. € 5.299 8.853 -40,1 11. August 2011 Zwischenbericht über das erste Halbjahr 2011 Investitionen Mio. € 15.637 5.693 174,7 In Sachanlagen Mio. € 5.913 4.454 32,8 10. November 2011 Zwischenbericht über die ersten drei Quartale 2011 In Finanzanlagen Mio. € 9.724 1.239 – Free Cash Flow Mio. € -614 4.399 – Zahl der in Umlauf befi ndlichen Aktien (gewichteter Durchschnitt) Tsd. -
Annual Report of RWE AG 2014
RWE ANNUAL REPORT 2014 ANNUAL REPORTANNUAL 2014 2014 KEY FIGURES AT A GLANCE • Operating result: €4.0 billion • Net income: €1.7 billion • Recurrent net income: €1.3 billion • Dividend proposal: €1 per share • Cash flows from operating activities: €5.6 billion RWE Group1 2014 2013 + /− % Electricity production billion kWh 208.3 218.2 − 4.5 External electricity sales volume billion kWh 258.3 270.9 − 4.7 External gas sales volume billion kWh 281.3 320.7 − 12.3 External revenue € million 48,468 52,425 − 7.5 EBITDA € million 7,131 7,904 − 9.8 Operating result € million 4,017 5,369 − 25.2 Income from continuing operations before tax € million 2,246 − 2,016 – Net income/RWE AG shareholders' share in income € million 1,704 − 2,757 – Recurrent net income € million 1,282 2,314 − 44.6 Return on capital employed (ROCE) % 8.4 10.6 – Weighted average cost of capital (WACC) before tax % 9.0 9.0 – Value added € million − 277 811 – Capital employed € million 47,711 50,646 − 5.8 Cash flows from operating activities of continuing operations € million 5,556 4,803 15.7 Capital expenditure € million 3,440 3,978 − 13.5 Property, plant and equipment and intangible assets € million 3,245 3,848 − 15.7 Financial assets € million 195 130 50.0 Free cash flow € million 2,311 960 140.7 Number of shares outstanding (average) thousands 614,745 614,745 – Earnings per share € 2.77 − 4.49 – Recurrent net income per share € 2.09 3.76 − 44.4 Dividend per share € 1.002 1.00 – 31 Dec 2014 31 Dec 2013 Net debt of the RWE Group € million 31,010 30,727 0.9 Workforce3 59,784 64,896 − 7.9 1 See notes on reporting on page 41. -
Energy Resources in Germany 8
ENERGY RESOURCES GERMANY 8 Energy Resources in Germany 8.1 Petroleum in Germany 8.1.1 Petroleum Deposits and Production History In the whole of Germany, only small volumes of crude oil are produced on an international scale, most of it in the Federal States of Schleswig-Holstein and Lower Saxony. However, the oil fi eld Mittelplate (Fig. 8.1) is a large oil fi eld even by international standards. Located in the North-Sea tidal fl at area off the coast of Schleswig-Holstein, it is the largest of pres- ently 44 productive oil fi elds in Germany. In 2007, it produced about 2.1 Mt of petroleum from Dogger sands at the margin of the Buesum salt dome. In total, this fi eld contributed more than 60 % of the total German petroleum production of 3.4 Mt. A large portion of the remaining annual production originates from a petroleum province in the West of the Emsland district which geologically belongs to the Lower-Saxony Basin. The start of pro- duction there occurred a long time ago. For example, the large anticlinal oil reservoir Rühle has been producing since 1949 from the Bentheim sandstone of the Lower Cretaceous. Typical traps are anticlinal structures, but also stratigraphic traps and unconformity traps (Fig. 8.1). Approximately a quarter of the petroleum production in Germany originates from Lower Cretaceous sandstone reservoirs and about two thirds of the production comes from Dogger-sandstones. In Germany, light oils with a density between 0.8 and 0.93 g/cm3 are being produced. The principal source rocks are of Lower Cretaceous and Lower Jurassic age.