Annual Report 2001 - Flughafen Wien

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Annual Report 2001 Airport Passengers Change vs. Flight Change vs. in mill. 2000 in % Movements 2000 in % Vienna 11.9 -0.7 185,425 -0.6 Munich 23.6 +2.3 310,291 +6.7 Zurich 20.8 -4.3 274,143 -5.8 Frankfurt 48.6 -1.6 440,185 -0.1 Copenhagen 18.0 -1.4 284,927 -4.9 British Airports 1) 105.6 -2.7 855,408 -0.4 1) London Heathrow, Gatwick, Stansted Development of the Austrian Airlines Group ___The Austrian Airlines Group – Austrian Airlines, Tyrolean Airways, Lauda Air and the newly acquired Rheintalflug – reported relatively stable passenger volume (-0.1% vs. 2000), with a total of 8,548,243 passengers. Scheduled flights carried 7,175,048 travellers, an increase of 2.8%. In the charter segment, the offering in kilometres per seat was reduced by 16.6% and 1,373,195 passengers were carried for a decline of 12.8%. The adjustment of capacity to reflect lower demand after 11 September helped the aviation industry stabilize seat occupancy, a key indicator for scheduled flights, at 68.6%. Status Report 37
Turnover Slight decline in Airport and Handling, share of Non-Aviation increases ___The Flughafen Wien Group recorded a decline of 2.2% in turnover to € 320.1 million for the reporting year. Despite a decrease of 0.9%, the airport business unit remained the largest segment with revenue of € 136.2 million or 42.5% of total Group turnover. The decline in airport revenue was primarily a result of traffic development: -0.7% in passenger volume, -0.6% in flight movements, and -4.3% in maximum take-off weight. In addition, the reduction in tariffs as of 1 November 2001 had an added impact of € 0.8 million. We have introduced substantially lower tariffs for aircraft with over 125 tonnes in order to create an additional incentive for airlines to include Vienna in their long-distance schedules. Turnover in the aviation segment is primarily a function of the various airport tariffs (landing, passenger, and infrastructure). ___The handling segment, which generated 34.7% of Group turnover in 2001, recorded a decline of 5.9% in revenues to € 111.0 million. This situation resulted primarily from lower flight movements and cargo volume, a decrease in maximum take-off weight, and full business operations by the second ground handling agent. ___The non-aviation segment recorded an increase of 1.3% in turnover to € 72.7 million, with the share of Group sales rising from 21.9% to 22.7%. This result was supported by higher income from rental, shops and gastronomy as well as telecommunications services. Turnover from security services declined because revenues generated after 11 September were unable to offset lower income from other areas. ___Turnover not allocated to the business segments totalled € 0.3 million, and includes income from central staff functions such as consulting services for third party customers, film shooting and visitor services. ___The importance of tourism as a revenue driver subjects turnover in the airport and handling segments to normal travel industry fluctuation during the year. These two segments recorded the highest turnover during the third quarter of the year. 38 Status Report Annual Report 2001
Page 1 and 2: Reply Card Yes, I want to receive i
Page 3 and 4: Reply Card Yes, I want to receive i
Page 5 and 6: Key Traffic Figures 2001 Change vs.
Page 7 and 8: Abmeier Susan Abraham Jürgen Abrah
Page 9 and 10: Fritz Zeitelhofer Department V, Ram
Page 12 and 13: Edith Schoberwalter VIAS, Person an
Page 15 and 16: Michael Rziha Department V, Loader
Page 19: Thomas Götzinger Department SZ, Se
Page 23 and 24: Structure of the Flughafen Wien Gro
Page 25 and 26: Statement by the Management Board D
Page 27 and 28: ___We have also recognised the incr
Page 29 and 30: The Aviation Business Basics of the
Page 31 and 32: Success Factors of Vienna Internati
Page 33 and 34: Flight movements forecasts in thous
Page 35 and 36: Customer Service ___Another factor
Page 37 and 38: Flughafen Wien Shares Poor performa
Page 39 and 40: Corporate Governance ___It is with
Page 41: Status Report 2001 The Business Env
Page 45 and 46: Earnings Slight drop in earnings af
Page 47 and 48: Financial, Asset and Capital Struct
Page 49 and 50: 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 and 102:
Major differences between IAS and A
Page 103 and 104:
Subsidiaries of Flughafen Wien AG 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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