Development of turnover
The turnover of the Wien Energie Group amounted to approximately EUR 2,259m at the end of the financial year, equivalent to around EUR 303m or 16% higher than in the prior period.
A considerable proportion of this was accounted for by an increase of around 13% or EUR 168m in electrical power sales to EUR 1,449m. Production and sales revenues rose significantly mainly due to the higher volumes of, and the higher prices for, energy compared to the previous reporting period. Electricity network charges only rose marginally above those of the previous financial year.
The gas and heating divisions experienced a marked increase in sales and turnover as a result of the colder weather compared to the prior period. Gas revenues rose by around 23% to EUR 356m. Heating revenues also increased year-on-year to reach a value of EUR 454m in 2007/2008.
ABRIDGED PROFIT AND LOSS ACCOUNT IN EUR million |
|
|
|
|
|
Turnover |
2,258.7 |
1,956.1 |
302.6 |
15.5 |
|
Own work capitalised |
39.3 |
33.8 |
5.6 |
16.5 |
|
Other operating income |
110.4 |
144.2 |
-33.7 |
-23.4 |
|
Cost of materials and services |
-1,400.5 |
-1,140.0 |
-260.4 |
-22.8 |
|
Personnel expenses |
-465.8 |
-473.6 |
7.8 |
1.7 |
|
Depreciation of tangible and amortisation of |
-220.7 |
-221.3 |
0.6 |
0.2 |
|
Other operating expenses |
-265.8 |
-269.8 |
4.0 |
1.5 |
|
EBIT |
55.7 |
29.4 |
26.4 |
89.9 |
|
Financial result |
23.3 |
58.3 |
-34.9 |
-59.9 |
|
Result of ordinary activities (EBT) |
79.1 |
87.6 |
-8.5 |
-9.7 |
|
Profit/loss after taxes |
78.0 |
89.6 |
-11.6 |
-13.0 |
|
Consolidated result for the period |
77.7 |
88.9 |
-11.2 |
-12.6 |
In comparison with the prior year, other operating income fell by around 23% to EUR 110m. This was primarily attributable to one-off revenues in the prior year. The largest single decline, in terms of the amount involved, related to the retrospective in-flow of payments for grants paid to Wien Energie by the Federal Ministry of Economics and Labour in connection with its highly efficient cogeneration plant.
Service functions
Download
