Annual Report 2001 - Flughafen Wien

Annual Report 2001
(27) Other current liabilities
in T€ 2001 2000
Other tax liabilities 6,767.0 4,245.9
Other social security liabilities 4,522.7 9,929.4
Investment subsidies from public funds 1,206.0 1,819.5
Liabilities to Clean Water Fund 233.4 232.6
Misc. other current liabilities and provisions 2,476.8 10,393.6
15,205.9 26,621.0
___Miscellaneous other liabilities and provisions include T€ 310.2 (2000: T€ 6,571.0) arising
from customers with credit balances.
Other Information
(28) Consolidated statement of cash flows
___The indirect method was used to prepare the consolidated statement of cash flows. Interest
income and expense as well as dividend income are allocated to operating activities.
Dividends paid by Flughafen Wien AG are shown under cash flow from financing activities.
Cash and cash equivalents include cash on hand, deposits with banks, and current securities.
(29) Segment reporting
___As in the prior year, segment reporting involves only the primary segments of business
since all activities of the Flughafen Wien Group take place in Austria.
___Vienna International Airport España, S.L. was founded in 2001, and started operations in
the fall of that year. This company is advisor to CR Aeropuerto, S.L., a Spanish airport builder,
on construction and management of the new airport at Ciudad Real. These business activities
were allocated to the non-aviation segment. An analysis of segments by geographical region
was not prepared because this company is immaterial for providing a true and fair view of
the asset, financial and earnings position of the Group.
Inter-company sales
___Sales between member companies of the Group reflect standard rates or prices that are
based on market levels and, in some cases, on the Group’s cost.
Segments of business
___The business activities of the Group can be classified into the following segments: Airport,
Handling and Non-Aviation.
Airport
___This primary activity of this segment is the provision of classic airport services such as
facilities for take-offs, landings and parking of aircraft, passenger handling and central infrastructure.
Fees for these services are generally subject to contractual limits.
Handling
___This segment is responsible for aircraft handling services, which consist primarily of the
loading and unloading of aircraft. In accordance with EU guidelines, this segment is not
reserved for the airport operator (Flughafen Wien AG) alone; airlines and other third party
companies may also offer handling services at Vienna International Airport. At the end of
2000 the German VAS Flughafenbodenverkehrsdienste GmbH commenced the provision of
handling services at Vienna International Airport.
Non-Aviation
___All other services not included in the above two areas are combined under the non-aviation
segment. In particular, these services include the rental of real estate and provision of ancillary
services such as electricity, heating and the like.
Notes 91