Consolidated financial statements

B. General information

These sub-group consolidated financial statements of the Wien Energie Group to and at 30 September 2008 have been prepared on a voluntary basis given the fact that, under Section 245 of the Austrian Commercial Code (UGB), the mandatory consolidated financial statements prepared by the parent company Wiener Stadtwerke Holding AG absolve the Company from its obligations to provide separate financial statements.

The first-time consolidation by Wiener Stadtwerke Holding AG took place on 1 January 1999 – on which date all of the affiliated and associated companies were first consolidated.
The consolidation of the holdings in Wienstrom GmbH, Wiengas GmbH, Fernwärme Wien Gesellschaft m.b.H., Energie Allianz Austria GmbH and Energiecomfort Energie- und Gebäudemanagement GmbH in order to prepare sub-group consolidated financial statements for the Wien Energie Group, first took place on 30 September 2002. All companies acquired or founded since this point in time have been consolidated at the point in time of their respective acquisition or founding.

These consolidated financial statements have been prepared in accordance with the Austrian Commercial Code (UGB).

The uniform accounting and valuation methods used to prepare these financial statements are documented in a Group Accounting Guideline.

Pursuant to Section 252 of the Austrian Commercial Code, the balance sheet date of the consolidated financial statements is that of the parent company. The financial statements of Group companies are accounted for on the basis of full or proportional consolidation, and were all prepared on the balance sheet date of the consolidated financial statements of the parent company (30 September 2008).