Annual Report 2001 - Flughafen Wien

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Annual Report 2001 Provisions for pensions, severance compensation and service anniversary bonuses ___According to Austrian accounting principles, future wage and salary increases are not included in calculating employee-related provisions. These calculations should be based on the present value or Austrian “Teilwert“ method with a long-term discount rate. ___Creation of the above employee-related provisions under IAS are based on the projected unit credit method, which incorporates future wage and salary increases. The discount rate is based on current capital market interest rates. Calculations based on this method lead to significantly higher additions to provisions than calculations made in accordance with the Austrian Commercial Code. Expanded requirements for information ___International Accounting Standards require more detailed information that, in some points, significantly exceeds the requirements of Austrian accounting principles for the Notes or report of the Management Board. Such items include required disclosure of items on the balance sheet, income statement, mandatory statement of cash flows and development of equity as well as other information, especially in connection with derivative financing instruments, to provide a true and fair view of the asset, financial and earnings positions of a company. In part, this information includes explanations that are part of the management report under Austrian accounting principles. Schwechat, 26 February 2002 The Management Board Herbert Kaufmann Gerhard Schmid Kurt Waniek Notes 97
Subsidiaries of Flughafen Wien AG Appendix 1 to the Notes Company Abbre- Parent Country Per- Type of Note viation Company centage Consoli Owned dation Flughafen Wien AG VIE Austria VK Vienna Aircraft Handling Gesellschaft m.b.H. VAH VIE Austria 100% VK Flughafen Wien Immobilienverwertungsgesellschaft m.b.H. IVW VIE Austria 100% VK Vienna International Airport Security Services Ges.m.b.H. VIAS VIE Austria 100% VK VIE Liegenschaftsbeteiligungsgesellschaft m.b.H. VIEL VIE Austria 100% VK City Air Terminal Betriebsgesellschaft m.b.H. CAT VIE Austria 100% VK Vienna Airport Business Park Immobilienbesitzgesellschaft m.b.H. BPIB VIEL Austria 100% VK Vienna Airport Business Park Immobilienentwicklungsgesellschaft m.b.H. BPIE VIEL Austria 100% VK Vienna International Beteiligungsmanagement Gesellschaft m.b.H. VINT VIE Austria 100% VKE Vienna International Airport España,S.L. VIE-E VINT Spain 100% VKE Vienna Airport Baumanagement Gesellschaft m.b.H. VAB VIE Austria 51% VKE VIE- Reiseservice GmbH. VIE-Reise VIE Austria 32% EQ Flughafen Wien/Berlin-Brandenburg International Entwicklungsbeteiligungsgesellschaft m.b.H. VIE-BBI VIE Germany 100% NK a) VIE Shops Entwicklungs- und Betriebsgesellschaft mbH. VIE-Shops VIE Austria 51% NK a) Salzburger Flughafen Sicherheitsgesellschaft m.b.H. SFS VIAS Austria 100% NK a) GetService Dienstleistungsgesellschaft m.b.H GETS VIAS Austria 100% NK a) GetService-Flughafen- Sicherheits- und Servicedienst GmbH GET2 VIAS Austria 51% NK a) VIAS Hellas Security Air Transport Services Limited Liability Company VIAS-H VIAS Greece 100% NK a) AviaSec Aviation Security GmbH VIAS-D VIAS Germany 49% NK a) Type of consolidation: VK = full consolidation, EQ = equity valuation, NK = not consolidated Note: a) not included for reasons of immateriality 98 Notes Annual Report 2001
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Reply Card Yes, I want to receive i
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Reply Card Yes, I want to receive i
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Key Traffic Figures 2001 Change vs.
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Abmeier Susan Abraham Jürgen Abrah
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Fritz Zeitelhofer Department V, Ram
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Edith Schoberwalter VIAS, Person an
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Michael Rziha Department V, Loader
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Thomas Götzinger Department SZ, Se
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Structure of the Flughafen Wien Gro
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Statement by the Management Board D
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___We have also recognised the incr
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The Aviation Business Basics of the
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Success Factors of Vienna Internati
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Flight movements forecasts in thous
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Customer Service ___Another factor
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Flughafen Wien Shares Poor performa
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Corporate Governance ___It is with
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Status Report 2001 The Business Env
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Turnover Slight decline in Airport
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Earnings Slight drop in earnings af
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Financial, Asset and Capital Struct
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Corporate spending Investments doub
Page 51 and 52: Outlook Flexible expansion plans, n
Page 53 and 54: Segments of Business in Detail The
Page 55 and 56: Outlook ___For 2002 we forecast dec
Page 57 and 58: The Handling Segment Stagnating tra
Page 59 and 60: Investments ___The replacement of v
Page 61 and 62: Shopping ___Innovative services led
Page 63 and 64: Investments ___During the reporting
Page 65 and 66: Employees The development and motiv
Page 67 and 68: Environmental Statement Lower noise
Page 69 and 70: Communications Challenges mastered
Page 71 and 72: Michael Dörfler Department T, Repa
Page 76: Andrea Kainrath Department U, Envir
Page 79 and 80: Consolidated Income Statement for t
Page 81 and 82: Consolidated Cash Flow Statement fo
Page 83 and 84: Notes to the Consolidated Financial
Page 85 and 86: Financial Assets ___Shares in subsi
Page 87 and 88: (2) Personnel expenses in T€ 2001
Page 89 and 90: Notes to the Consolidated Balance S
Page 91 and 92: Deferred tax assets or provisions w
Page 93 and 94: Provisions for severance compensati
Page 95 and 96: (23) Other non-current liabilities
Page 97 and 98: Segment Results for 2001 Nonin T€
Page 99 and 100: (30) Financing Instruments Primary
Page 101: Major differences between IAS and A
Page 105 and 106: Subsidiaries of Flughafen Wien AG (
Page 107 and 108: 3. Investments not included in the
Page 109: Who is Who Members of the Superviso
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Annual Report 2001 - Flughafen Wien

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