Related parties include OÖ Landesholding GmbH as majority shareholder as well as its subsidiaries, the State of Upper Austria as sole investor of OÖ Landesholding GmbH, the joint ventures, the associated companies as well as members of the Management Board and of the Supervisory Board of Energie AG Oberösterreich and their close relatives.

 

 

 

 

Revenues
EUR 1,000

 

Ex­penses
EUR 1,000

 

Receiv­ables
EUR 1,000

 

Lia­bilities
EUR 1,000

State of Upper Austria

 

2018/2019

 

660.6

 

651.6

 

184.4

 

82.3

 

 

2017/2018

 

364.3

 

595.3

 

56.8

 

4,123.1

OÖ Landesholding and subsidiaries

 

2018/2019

 

5,529.1

 

63.8

 

690.7

 

14,860.6

 

 

2017/2018

 

3,475.4

 

202.3

 

189.6

 

18,183.6

Associated companies

 

2018/2019

 

31,898.3

 

4,640.7

 

3,495.8

 

951.3

 

 

2017/2018

 

14,596.0

 

869.5

 

1,088.7

 

13.9

Joint ventures

 

2018/2019

 

138,751.1

 

12,558.4

 

3,457.2

 

23.3

 

 

2017/2018

 

245,011.8

 

14,531.3

 

23,597.2

 

90,045.2

State of Upper Austria

The State of Upper Austria is the sole investor of OÖ Landesholding GmbH. OÖ Landesholding GmbH is the majority shareholder of Energie AG Oberösterreich.

OÖ Landesholding GmbH

Energie AG Oberösterreich and selected Group companies are members of the OÖ Landesholding GmbH tax group. The provisions of the OÖ Landesholding GmbH tax group contract apply in the relationship of Energie AG Oberösterreich with the tax group parent, whereas Energie AG Oberösterreich calculates its taxable income taking into account the taxable income of its subordinate Group companies. In the case of positive tax income, any positive tax allocations are offset. Negative tax results are carried forward. The tax allocations amount to EUR 26,497.4 thousand (previous year: EUR 27,615.7 thousand).

Associated companies

Salzburg AG für Energie, Verkehr und Telekommunikation

Gas and electricity deliveries at standard market terms take place between the Group and Salzburg AG. The sales revenues amount to EUR 3,719.6 thousand (previous year: EUR 4,888.6 thousand), while expenses are EUR 1,306.0 thousand (previous year: EUR 442.4 thousand).

Wels Strom GmbH

In addition to grid services, heat and electricity deliveries at standard market terms took place between the Group and Wels Strom GmbH. The sales revenues amount to EUR 26,597.4 thousand (previous year: EUR 9,250.3 thousand), while expenses are EUR 2,923.6 thousand (previous year: EUR 302.3 thousand).

Joint ventures

ENAMO GmbH (until 31 March 2019)

ENAMO GmbH was established between Energie AG Oberösterreich and LINZ AG für Energie, Telekommunikation, Verkehr und Kommunale Dienste (LINZ AG) as a joint venture for electricity sales.

An interest stake of 35% is held by LINZ STROM GmbH for electricity generation, distribution and telecommunications services, a subsidiary of LINZ AG. There was an obligation for the proportional assumption of losses. Deliveries of electricity and other services took place at standard market terms between the Group and ENAMO GmbH, which is consolidated at equity. In the period from 1 October 2018 to 31 March 2019, revenues amounted to EUR 53,967.4 thousand (previous year: EUR 102,978.9 thousand), purchase services amounted to EUR 8,437.3 thousand (previous year: EUR 6,146.9 thousand). Furthermore, electricity and other services were delivered between the Group and ENAMO Ökostrom GmbH, a 100% subsidiary of ENAMO GmbH. In the period from 1 October 2018 to 31 March 2019, revenues amounted to EUR 6,447.9 thousand (previous year: EUR 13,175.4 thousand), purchase services amounted to EUR 989.7 thousand (previous year: EUR 1,790.1 thousand).

Energie AG Oberösterreich Vertrieb GmbH & Co KG (until 31 March 2019)

Energie AG Oberösterreich was the sole limited partner of Energie AG Oberösterreich Vertrieb GmbH & Co KG. ENAMO GmbH was the general partner without an equity interest. Deliveries of electricity and other services took place at standard market terms between the Group and the company. In the period from 1 October 2018 to 31 March 2019, revenues amounted to EUR 75,588.1 thousand (previous year: EUR 126,208.6 thousand), purchase services amounted to EUR 1,436.1 thousand (previous year: EUR 4,705.9 thousand).

There is also a cash-pooling agreement between the Group and Energie AG Oberösterreich Vertrieb GmbH & Co KG resulting in liabilities in the amount of EUR 89,433.6 thousand as of 30 September 2018. As of 30 September 2018, contingent liabilities amounted to EUR 2,170.7 thousand.

Members of the Management in key positions

Members of the management in key positions include the members of the Management Board and the Supervisory Board of Energie AG Oberösterreich, and the Management Board and the Supervisory Board of OÖ Landesholding GmbH. Please refer to section 10 with regard to the remuneration of the members of the Management Board and the Supervisory Board of Energie AG Oberösterreich. Additional disclosable transactions included revenues of EUR 10.0 thousand (previous year: EUR 8.5 thousand) and benefits in the amount of EUR 20.6 thousand (previous year: EUR 11.0 thousand). This item also includes receivables in the amount of EUR 0.2 thousand (previous year: EUR 0.3 thousand).