Investments In late May 2007, E.ON presented its corporate strategy for the future. The centerpiece is an investment program under which we plan to invest 60 billion through 2010 to expand our business and achieve selective growth in our European core market and in adjacent growth regions. Seventy per- cent of the program represents growth. One key focus, for which we have earmarked 12 billion, is the construction of new power plants. We already began to implement the investment program in the second half of 2007. For 2007 as a whole, the E.ON Group invested 11.3 billion. Of this figure, we invested 6.9 billion in intangible assets and property, plant, and equipment com- pared with 4.1 billion in the prior year. Share investments totaled 4.4 billion versus 0.9 billion in the prior year. In 2007, Central Europe invested 302 million more than in the prior year. Investments in intangible assets and property, plant, and equipment totaled 2,390 million compared with 1,883 million in 2006. The additional investments went towards power generation projects currently under way, par- ticularly those in Germany and Italy, and investments in off- shore network infrastructure. Share investments of 191 mil- lion were 205 million below the prior-year figure. Pan-European Gas invested 2,424 million. Of this figure, 1,381 million (prior year: 377 million) went towards intan- gible assets and property, plant, and equipment. Here, the purchase of Skarv and Idun gas fields (641 million) and the construction of new gas pipelines Lauterbach-Scheidt and Rothenstadt-Schwandorf (160 million) constituted the biggest investments. Share investments of 1,043 million (prior year: 505 million) almost exclusively reflect the acquisition of Contigas Deutsche Energie-AG from the Central Europe market unit. A corresponding offsetting item was recorded in the Corporate Center/New Markets segment. U.K.'s investments were 501 million higher, primarily due to increased additions to property, plant, and equipment. The non-regulated business increased investment in the devel- opment of new generation capacity and gas storage. Expen- diture in the regulated business increased in line with the allowance granted under the five-year regulation review. Throughout 2007, Nordic continued its challenging invest- ment plan to increase its generating capacity and further improve security of supply, investing 272 million more than in 2006. Nordic invested 892 million (prior year: 592 mil- lion) in intangible assets and property, plant, and equipment to maintain and expand existing production plants and to upgrade and extend the distribution network. Share invest- ments totaled 22 million compared with 50 million in 2006. Financial Condition48 +/­ % +13 +175 +58 +42 +73 ­ +124 +182 in millions Central Europe Pan-European Gas U.K. Nordic U.S. Midwest Corporate Center/New Markets Total Outside Germany 2007 2,581 2,424 1,364 914 690 3,333 11,306 9,058 2006 2,279 882 863 642 398 ­27 5,037 3,212 Investments 2007 11,306 1,150 198 ­ 12,654 in millions Cash-effective investments Debt acquired Long-term rental and leasing obligations Asset swaps Total Economic Value of Investments 2007 Investments Corporate Center/ New Markets Central Europe Pan-European Gas U.K. Nordic U.S. Midwest 30 23 21 12 8 6 Percentages Total: 11,306 million