ANNUAL REPORT 2011 - DONG Energy

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consolIdated STATEMENT OF COMPREHENSIVE INCOME Year ended 31 December DKK million Note Business perfor mance 2011 2010 adjustments IfRs Business perfor mance adjustments ifrs Revenue 3, 4, 10 56,842 1,595 58,437 54,616 (18) 54,598 Fuel and energy 5 (31,605) 230 (31,375) (31,408) (28) (31,436) Other external expenses 7, 8 (7,884) - (7,884) (6,365) - (6,365) Staff costs 6 (3,593) - (3,593) (2,946) - (2,946) Other operating income 9, 10 280 - 280 295 - 295 Other operating expenses 9 (270) - (270) (57) - (57) Operating profi t before depreciation, amortisation and impairment losses (EBitDa) 13,770 1,825 15,595 14,135 (46) 14,089 Depreciation, amortisation and impairment losses on intangible assets and property, plant and equipment 3, 15, 16 (7,670) - (7,670) (6,015) - (6,015) Operating profi t (EBit) 6,100 1,825 7,925 8,120 (46) 8,074 Gain on disposal of enterprises 29 225 - 225 905 - 905 Share of profi t of associates 17 36 - 36 77 - 77 Finance income 11 5,811 - 5,811 3,407 - 3,407 Finance costs 12 (6,093) - (6,093) (5,002) - (5,002) profi t before tax 6,079 1,825 7,904 7,507 (46) 7,461 Income tax expense 13 (3,197) (457) (3,654) (3,008) 11 (2,997) profi t for the year 2,882 1,368 4,250 4,499 (35) 4,464 Other comprehensive income Value adjustments for the year (912) (979) Value adjustments transferred to revenue Value adjustments transferred to fuel and 300 (1,052) energy (88) (128) Value adjustments transferred to net fi nance costs 147 7 Value adjustments transferred to inventories - (204) Tax on value adjustments of hedging instruments 127 599 Foreign exchange adjustments, foreign enterprises 463 716 Foreign exchange adjustments, equity-like loans, etc. (216) 36 Tax on foreign exchange adjustments, equitylike loans, etc. 42 (9) Other comprehensive income (137) (1,014) total comprehensive income 4,113 3,450 60 64 COnsOliDatED finanCial statEmEnts – DONG ENERGY GROUP ANNUAL ANNUAL REPORT REPORT 2011 2011
DKK million Note Business perfor mance 2011 2010 adjustments IfRs Business perfor mance adjustments ifrs profi t for the year is attributable to: Equity holders of DONG Energy A/S Hybrid capital holders of DONG Energy A/S 2,428 1,368 3,796 4,272 (35) 4,237 (adjusted for tax effect) 269 - 269 334 - 334 Non-controlling interests 22 185 - 185 (107) - (107) profi t for the year 2,882 1,368 4,250 4,499 (35) 4,464 total comprehensive income for the year is attributable to: Equity holders of DONG Energy A/S Hybrid capital holders of DONG Energy A/S 3,422 3,268 (adjusted for tax effect) 269 334 Non-controlling interests 422 (152) total comprehensive income 4,113 3,450 Earnings per share (EPS) and diluted earnings per share (DEPS) of DKK 10, in DKK 14 12.92 14.43 DONG ENERGY DONG ENERGY GROUP ANNUAL REPORT 2011 – COnsOliDatED finanCial statEmEnts 65 consolIdated STATEMENT OF COMPREHENSIVE INCOME 61
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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
Page 17 and 18: DONG Energy involves local operator
Page 19 and 20: The ambitious business strategy mea
Page 21 and 22: DONG Energy contributes to green gr
Page 23 and 24: The photo shows the Siri platform i
Page 25 and 26: The photo shows the construction of
Page 27 and 28: The photo shows one of the Group’
Page 29 and 30: Strong market insight from experien
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Page 33 and 34: monthly average 2011 2010 ∆ Oil,
Page 35 and 36: Net finance costs amounted to DKK 0
Page 37 and 38: New presentation of profit for the
Page 39 and 40: Non-financial performance The Group
Page 41 and 42: volumes Generation from wind and hy
Page 43 and 44: was brought back online in October
Page 45 and 46: Further information on DONG Energy
Page 47 and 48: DONG Energy has a diversified loan
Page 49 and 50: Market and credit risks The Group
Page 51 and 52: isk and risk policy Exposure and he
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Page 55 and 56: Environment As an energy company, D
Page 57 and 58: Under Danish legislation, the Group
Page 59 and 60: information and communication DONG
Page 61 and 62: lars nØrBy JOHansEn Deputy Chairma
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Page 65 and 66: The Board of Directors and the Exec
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Page 71 and 72: Equity and liabilities DKK million
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Page 79 and 80: The excess of the cost of the acqui
Page 81 and 82: • wind power: Development, constr
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Page 85 and 86: econciliations DKK million 2011 201
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Page 93 and 94: DKK million Goodwill Cost at 1 Janu
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Page 105 and 106: Hybrid capital due 3005 Hybrid capi
Page 107 and 108: Change in temporary differences in
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Page 115 and 116: Other capital transactions with non
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Categories of fi nancial instrument
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securities 2011 DKK million Nominal
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trading portfolio, economic hedging
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Hedging of net investments in forei
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35 Lease commitments 2011 DKK milli
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As a condition for approval of its
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39 Events after the reporting perio
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Regulated companies that operate ac
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do not satisfy the criteria for hed
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translation reserve The translation
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eporting enterprise operates. Trans
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CO 2 emissions allowances Allocated
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Deferred tax is measured using the
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Definitions of performance highligh
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significant licences and hydrocarbo
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42 Company overview Segment/company
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Segment/company Type 1 Registered o
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Segment/company Type 1 Registered o
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DONG ENERGY ANNUAL REPORT 2011 - CO
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Accounting policies for data collec
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significant environmental incidents
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fInancIal stateMents 2011 PARENT CO
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DKK million Note 2011 2010 profit f
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Equity and liabilities DKK million
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DKK million Share capital Hedging r
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01 Basis of reporting The parent co
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04 Staff costs DKK million 2011 201
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06 Finance income DKK million 2011
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09 Property, plant and equipment DK
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12 Equity Share capital composition
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14 Loans and borrowings DKK million
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18 Financial risks DONG Energy A/S
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19 Financial instruments maturity a
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fair value hierarchy of financial i
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22 Related party transactions tradi
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Independent Auditor’s Report To t
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coMPany announceMents IN 2011 Compa
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glossaRy relatively low (off-peak).
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ANNUAL REPORT 2011 - DONG Energy

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