ANNUAL REPORT 2011 - DONG Energy

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PaRent coMPany STATEMENT OF CHANGES IN EQUITY Year ended 31 December DKK million Share capital Hedging reserve Share premium Retained earnings Proposed dividends equity attributable to equity holders of dong energy a/s Equity at 1 January 2011 2,937 (199) 9,248 20,756 2,203 34,945 8,088 43,033 Comprehensive income for the year Profit for the year - - - 2,339 - 2,339 269 2,608 Other comprehensive income Value adjustments for the year Value adjustments transferred to - (732) - - - (732) - (732) net finance costs - 147 - - - 147 - 147 Tax on value adjustments of hedging instruments - 146 - - - 146 - 146 total comprehensive income 0 (439) 0 2,339 0 1,900 269 2,169 transactions with owners Coupon payments, hybrid capital - - - - - 0 (515) (515) Tax hybrid capital - - - - - 0 246 246 Additions hybrid capital - - - - - 0 5,127 5,127 Disposals hybrid capital - - - - - 0 (3,802) (3,802) Adjustments amortisation original hybrid capital - - - (125) - (125) 125 0 Proposed dividends - - - (1,457) 1,457 0 - 0 Dividends paid - - - - (2,203) (2,203) - (2,203) total changes in equity in 2011 0 (439) 0 757 (746) (428) 1,450 1,022 Equity at 31 December 2011 2,937 (638) 9,248 21,513 1,457 34,517 9,538 44,055 162 parEnt COmpany finanCial statEmEnts – DONG ENERGY ANNUAL REPORT 2011 Hybrid capital total
DKK million Share capital Hedging reserve Share premium Retained earnings Proposed dividends Equity attributable to equity holders of DOnG Energy a/s Equity at 1 January 2010 2,937 (99) 9,248 21,489 481 34,056 8,088 42,144 Comprehensive income for the year Profit for the year - - - 1,470 - 1,470 334 1,804 Other comprehensive income Value adjustments for the year Value adjustments transferred to - (132) - - - (132) - (132) net finance costs - (1) - - - (1) - (1) Tax on value adjustments of hedging instruments - 33 - - - 33 - 33 total comprehensive income 0 (100) 0 1,470 0 1,370 334 1,704 transactions with owners Coupon payments, hybrid capital - - - - - 0 (451) (451) Tax hybrid capital - - - - - 0 117 117 Proposed dividends - - - (2,203) 2,203 0 - 0 Dividends paid - - - - (481) (481) - (481) total changes in equity in 2010 0 (100) 0 (733) 1,722 889 0 889 Equity at 31 December 2010 2,937 (199) 9,248 20,756 2,203 34,945 8,088 43,033 DONG ENERGY ANNUAL REPORT 2011 – parEnt COmpany finanCial statEmEnts Hybrid capital total 163 PaRent coMPany STATEMENT OF CHANGES IN EQUITY
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MOVING ENERGY FORWARD ANNUAL REPORT
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More reliable and clean energy DONG
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More reliable and clean energy Mode
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Q3 17 August signing of Eur 1.3 bil
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ifrs statement of comprehensive inc
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un Global Compact principle Climate
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Spearheading the development of the
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Waste is a valuable resource It is
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DONG Energy involves local operator
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The ambitious business strategy mea
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DONG Energy contributes to green gr
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The photo shows the Siri platform i
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The photo shows the construction of
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The photo shows one of the Group’
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Strong market insight from experien
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The photo shows a meter technician
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monthly average 2011 2010 ∆ Oil,
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Net finance costs amounted to DKK 0
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New presentation of profit for the
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Non-financial performance The Group
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volumes Generation from wind and hy
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was brought back online in October
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Further information on DONG Energy
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DONG Energy has a diversified loan
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Market and credit risks The Group
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isk and risk policy Exposure and he
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isk and risk policy Exposure and he
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Environment As an energy company, D
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Under Danish legislation, the Group
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information and communication DONG
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lars nØrBy JOHansEn Deputy Chairma
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pOul arnE niElsEn b. 1944. Joined t
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The Board of Directors and the Exec
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notes to the statement of cash flow
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DKK million Note Business perfor ma
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Equity and liabilities DKK million
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DKK million Share capital Hedging r
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DKK million Note 2011 2010 suppleme
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02 Critical accounting estimates an
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The excess of the cost of the acqui
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• wind power: Development, constr
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Geographical breakdown 2011 DKK mil
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econciliations DKK million 2011 201
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emuneration of Board of Directors,
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08 Fee to auditor appointed at the
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13 Income tax expense DKK million 2
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DKK million Goodwill Cost at 1 Janu
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The main criteria used for determin
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DKK million Land and Impairment tes
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17 Associates and other securities
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19 Receivables DKK million 2011 201
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20 Construction contracts DKK milli
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Hybrid capital due 3005 Hybrid capi
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Change in temporary differences in
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25 Loans and borrowings DKK million
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27 Income tax receivable and payabl
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29 Disposal of enterprises DKK mill
Page 115 and 116: Other capital transactions with non
Page 117 and 118: Risk Price change Effect on profi t
Page 119 and 120: Categories of fi nancial instrument
Page 121 and 122: securities 2011 DKK million Nominal
Page 123 and 124: trading portfolio, economic hedging
Page 125 and 126: Hedging of net investments in forei
Page 127 and 128: 35 Lease commitments 2011 DKK milli
Page 129 and 130: As a condition for approval of its
Page 131 and 132: 39 Events after the reporting perio
Page 133 and 134: Regulated companies that operate ac
Page 135 and 136: do not satisfy the criteria for hed
Page 137 and 138: translation reserve The translation
Page 139 and 140: eporting enterprise operates. Trans
Page 141 and 142: CO 2 emissions allowances Allocated
Page 143 and 144: Deferred tax is measured using the
Page 145 and 146: Definitions of performance highligh
Page 147 and 148: significant licences and hydrocarbo
Page 149 and 150: 42 Company overview Segment/company
Page 151 and 152: Segment/company Type 1 Registered o
Page 153 and 154: Segment/company Type 1 Registered o
Page 155 and 156: DONG ENERGY ANNUAL REPORT 2011 - CO
Page 157 and 158: Accounting policies for data collec
Page 159 and 160: significant environmental incidents
Page 161 and 162: fInancIal stateMents 2011 PARENT CO
Page 163 and 164: DKK million Note 2011 2010 profit f
Page 165: Equity and liabilities DKK million
Page 169 and 170: 01 Basis of reporting The parent co
Page 171 and 172: 04 Staff costs DKK million 2011 201
Page 173 and 174: 06 Finance income DKK million 2011
Page 175 and 176: 09 Property, plant and equipment DK
Page 177 and 178: 12 Equity Share capital composition
Page 179 and 180: 14 Loans and borrowings DKK million
Page 181 and 182: 18 Financial risks DONG Energy A/S
Page 183 and 184: 19 Financial instruments maturity a
Page 185 and 186: fair value hierarchy of financial i
Page 187 and 188: 22 Related party transactions tradi
Page 189 and 190: Independent Auditor’s Report To t
Page 191 and 192: coMPany announceMents IN 2011 Compa
Page 193 and 194: glossaRy relatively low (off-peak).
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ANNUAL REPORT 2011 - DONG Energy

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