36. Related party disclosures

Related parties include OÖ Landesholding GmbH as majority shareholder as well as its subsidiaries, the Province 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.

Province of Upper Austria

The Province 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 subsidiaries are members of the OÖ Landesholding GmbH tax group. The provisions of the OÖ Landesholding GmbH Group contract govern the relationship between Energie AG Oberösterreich and the Group parent, whereas Energie AG Oberösterreich calculates its taxable income in consideration of the taxable income of its subordinate Group companies. In the case of positive tax income, any positive tax allocations are offset using the applicable tax rate of 25%. Negative tax results are carried forward. The tax allocations amount to EUR 30,195.7 thousand (previous year: EUR 28,081.0 thousand). Sales revenues were also generated with OÖ Landesholding GmbH and its subsidiaries, in particular through the supply of electricity and gas, in the amount of EUR 16,759.2 thousand (previous year: EUR 12,278.8 thousand). As of the reporting date, this item also includes receivables in the amount of EUR 19,443.9 thousand (previous year: EUR 1,518.1 thousand) and liabilities of EUR 103.2 thousand (previous year: EUR 9,251.7 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 6,787.3 thousand (previous year: EUR 5,951.8 thousand), while expenses are EUR 3,175.8 thousand (previous year: EUR 3,814.9 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 137,476.5 thousand (previous year: EUR 44,227.7 thousand), while expenses are EUR 28,431.4 thousand (previous year: EUR 10,356.7 thousand). As of the reporting date, this item also includes receivables of EUR 9,841.3 thousand (previous year: EUR 3,045.5 thousand).

Joint ventures

BBOÖ Breitband Oberösterreich GmbH

Energie AG Oberösterreich has provided a funding in the amount of EUR 67,500.0 thousand for BBOÖ Breitband Oberösterreich GmbH with a term until 30 September 2023. Furthermore, the Group provided construction services and other services amounting to EUR 20,862.9 thousand (previous year: EUR 0.0 thousand) to BBOÖ Breitband Oberösterreich GmbH and its subsidiary Breitband Oberösterreich Infrastruktur GmbH. Services amounting to EUR 3,045.3 thousand (previous year: EUR 0.0 thousand) were purchased. This item also includes receivables in the amount of EUR 18,363.5 thousand (previous year: EUR 0.0 thousand) and liabilities in the amount of EUR 845.4 thousand (previous year: EUR 0.0 thousand). The settlements are conducted at standard market conditions.

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 16.4 thousand (previous year: EUR 13.1 thousand) and benefits in the amount of EUR 124.3 thousand (previous year: EUR 116.6 thousand). This item also includes receivables in the amount of EUR 1.0 thousand (previous year: EUR 1.4 thousand).