Full of Energy - Energie AG OberÃ¶sterreich

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ANNUAL REPORT2007/2008THE GROUPGROUP MANAGEMENT REPORTTHE ENERGY SEGMENTTHE WASTE MANAGEMENT SEGMENTTHE WATER SEGMENTCONSOLIDATED FINANCIAL STATEMENTSSEGMENT REPORTING ACCORDING TO GEOGRAPHICAL SEGMENTS4. COST OF MATERIAL AND OTHER PURCHASED MANUFACTURING RIGHTSThe Energie AG Oberösterreich Group operates mainly in the regions of "Austria", "Czech Republic" and "Hungary".2007/2008 Czech Other Transitions/Austria Republic Hungary countries Elimination Groupin EUR mill. in EUR mill. in EUR mill. in EUR mill. in EUR mill. in EUR mill.Sales to third parties 1,331.0 149.2 36.3 5.2 - 1.6 1,520.1Carrying value of segment assets 2,971.6 258.4 44.6 40.1 379.2 3,693.9Investments into intangible assetsand tangible fixed assets 154.4 18.8 8.2 0.1 — 181.52007/2008 2006/2007in EUR 1,000 in EUR 1,000Electricity purchased from third parties 548,911.3 339,901.8Cost of use of system 40,645.9 36,091.9Cost of fuels 73,251.7 41,907.4Cost of other materials 100,592.3 54,564.3Cost of purchased services 113,412.9 98,693.9876,814.1 571,159.32006/2007 Czech Other Transitions/Austria Republic Hungary countries Elimination Groupin EUR mill. in EUR mill. in EUR mill. in EUR mill. in EUR mill. in EUR mill.Sales to third parties 998.6 114.8 29.4 — - 1.0 1,141.8Carrying value of segment assets 2,150.8 155.4 35.7 — 406.8 2,748.7Investments into intangible assetsand tangible fixed assets 236.5 20.9 8.5 — — 265.93. OTHER OPERATING INCOME2007/2008 2006/2007in EUR 1,000 in EUR 1,000Gains from the disposal of and the write-up tointangible assets and tangible fixed assets 2,607.6 37,525.6Capitalized production costs 2,123.6 2,278.3Income from leases and rentals 3,330.8 3,188.1Income from the reversal of investment grants 2,438.4 1,898.7Re-transfer of differentials carried as liabilities 25,198.5 323.5Other income 21,497.9 16,963.05. PERSONNEL EXPENSES2007/2008 2006/2007in EUR 1,000 in EUR 1,000Wages 29,611.5 23,761.1Salaries 157,839.9 142,291.8Severance payments 5,804.2 5,285.4Pension payments 11,701.1 10,029.8Statutory social-security charges and remuneration-relatedcharges and compulsory contributions 49,019.5 42,856.8Other social expenses 3,002.8 2,259.5256,979.0 226,484.4Expenses for defined-contribution pension schemes amounted to EUR 4,152.5 thousand in 2007/2008(EUR 3,438.2 thousand in the year before). Expenses for severance payments in the amount of EUR 27.3 thousand(EUR 23.3 thousand in the year before) and for pension payments in the amount of EUR 262.3 thousand(EUR 218.8 thousand in the year before) relate to members of the Board of Management.The members of the Board of Management and of the Supervisory Board of Energie AG Oberösterreich receivedthe following remunerations:57,196.8 62,177.22007/2008 2006/2007in EUR 1,000 in EUR 1,000Board of Management 784.1 766.2Former members of the Board of Management and their dependents 915.5 965.9Supervisory Board 84.3 100.2102 1031,783.9 1,832.3Average employment figures for the year under review amounted to 5,753 (5,229 in the year before).Part-time staff members are accounted for on a pro-rata basis.
ANNUAL REPORT2007/2008THE GROUPGROUP MANAGEMENT REPORTTHE ENERGY SEGMENTTHE WASTE MANAGEMENT SEGMENTTHE WATER SEGMENTCONSOLIDATED FINANCIAL STATEMENTS6. DEPRECIATION9. OTHER FINANCIAL RESULTS2007/2008 2006/2007in EUR 1,000 in EUR 1,000Scheduled depreciation 125,101.9 112,238.6Non-scheduled depreciation 9,281.8 1,262.4134,383.7 113,501.0Please refer to the table "Development of Fixed Assets" for the depreciation of individual items under fixedassets.2007/2008 2006/2007in EUR 1,000 in EUR 1,000Income from investmentsNon-consolidated affiliated companies 198.2 260.1Other investments 3,021.6 5,863.2Income from the disposal of investments - 60.4 18.93,159.4 6,142.2Expenses for investmentsExpenses from the disposal of investments - 332.7 - 545.77. OTHER OPERATING EXPENSES2007/2008 2006/2007in EUR 1,000 in EUR 1,000Taxes 15,672.0 11,684.3Outside services 49,302.3 64,203.4Travel expenses 8,891.3 7,845.9Insurance premiums 9,316.3 8,805.1Postage, telephone and telex 4,897.2 4,791.3Rentals and leases 7,205.1 5,279.8Write-downs of receivables 1,166.3 837.9Allocated value allowance for receivables 1,534.8 2,130.6Expenses for vehicles 25,472.0 19,038.3Losses from the disposal of intangible assetsand tangible fixed assets 2,809.7 2,808.0Repairs 19,776.6 12,290.3Other expenses 43,925.0 33,487.0189,968.6 173,201.9Taxes comprise mainly land taxes, location-dependent charges, electricity levies, as well as contributions toremedial action on abandoned waste sites.SecuritiesIncome from securities 1,521.4 7,869.4Write-downs of securities - 7,758.9 - 1,768.3Write-ups of securities 1,257.9 1,588.8Others - 4.5 - 2.0- 4,984.1 7,687.910. TAXES ON INCOME- 2,157.4 13,284.42007/2008 2006/2007in EUR 1,000 in EUR 1,000Expenses for current taxes on income 19,972.4 27,518.4Changes in deferred taxes on income 6,792.6 5,589.926,765.0 33,108.3Expenses for taxes on income are lower by EUR 8,470.0 thousand (EUR 4,017.6 thousand in the year before)than the calculated expenses for taxes on income that result from applying the Austrian, Czech or Hungariantax rates to the result before taxes on income. The causes for the difference between the calculated and theshown expenses for taxes on income are as follows:1048. INCOME FROM INTEREST2007/2008 2006/2007in EUR 1,000 in EUR 1,000Income from financingInterest and similar income 10,157.5 5,768.0Cross-border leasing 8,828.4 10,290.0Exchange-rate gains from financial liabilities 4,049.1 673.123,035.0 16,731.1Cost of financingInterest and similar expenses - 37,855.7 - 33,928.4Cross-border leasing - 5,279.8 - 6,696.8Exchange-rate losses from financial liabilities - 1,585.9 - 172.0- 44,721.4 - 40,797.2Changes in market priceInterest-swap transactions and bonds 3,444.1 —2007/2008 2006/2007in EUR 1,000 in EUR 1,000Profit before taxes on income 143,340.2 149,637.6Calculated expenses for taxes 35,835.0 37,125.9Effect on taxes due toincome from investments - 5,034.0 - 7,160.4changes due to value adjustments concerning deferred taxes 337.7 1,602.6non-recurrent tax expenses - 20.3 48.4non-tax-deductible expenses 714.3 1,257.0amortization of goodwill 2,031.9 131.0reversal of differentials carried as liabilities - 6,299.6 - 80.9tax credits for investments, apprenticeship-related,research and educational measures - 232.5 - 99.5other items - 567.6 284.2Effective tax expenses 26,765.0 33,108.3105- 18,242.3 - 24,066.1Effective tax rate in % 18.7 22.1
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Full of Energy - Energie AG OberÃ¶sterreich

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