7. Segment reporting
7.1 Segment reporting by business units
Energie AG Group identifies the reportable segments according to IFRS 8 on the basis of internal reporting and internal control (Management Approach).
The segment reporting includes the Energy, Grid, Environment, and Czech Republic and Holding & Services Segments.
The accounting policies applied to the reported segments are the same as those applied throughout the Group. The operating result is the net profit or loss for the period that is monitored regularly by the chief decision-makers and used as the primary basis for assessing success and allocating resources.
The sales transactions carried out between the Grid Segment and the other segments primarily involve grid services for which the prices are based on regulatory stipulations. Intra-Group sales revenues in the Holding & Services Segment primarily involve delivery of goods and services that are charged at prices corresponding to market conditions.
Capital employed is the key figure relating to assets and liabilities in the Group that are reported to the chief operating decision makers on a regular basis. Capital employed includes above all equity and interest-bearing liabilities, including lease liabilities, less cash and cash equivalents, fixed term deposits, and certain financial assets.
Energy
The Energy Segment figures include the production, trade and sales of electrical energy. Electricity is primarily generated using hydraulic and thermal power generation plants. In addition, electricity is also obtained from third-party power plants via procurement rights, as well as on the electricity market. The Energy Segment includes Energie AG Oberösterreich Trading GmbH as a central electricity and gas trading company, as well as the 7-Fields gas reservoir. The trade with and distribution of natural gas, as well as Bioenergie Steyr GmbH, Fernwärme Steyr GmbH, Windpower EP GmbH, Geothermie-Wärmegesellschaft Braunau-Simbach mbH, Geothermie-Fördergesellschaft Simbach-Braunau GmbH, Windpark Kobernaußerwald FlexCo and Energie Ried Wärme GmbH, all consolidated using the equity method, are allocated to the Energy Segment.
Grid
The Grid Segment includes the construction and operation of the electricity and gas grids.
Environment
The Environment Segment primarily comprises the collection, sorting, incineration and landfilling of domestic and industrial waste. ‘Papyrus’ Altpapierservice Handelsgesellschaft m.b.H. (consolidated using the equity method), Papyrus Wertstoff Service GmbH and Austrian Metal Recovery GmbH are allocated to the Environment Segment.
Czech Republic
The Czech Republic Segment primarily includes supplying drinking water, as well as waste water management and the heat activities in the Czech Republic.
Holding & Services
The Holding & Services Segment comprises the management and control functions, commercial and technical services, and telecom services of the holding company, as well as the investments in Salzburg AG für Energie, Verkehr und Telekommunikation, Wels Strom GmbH, BBOÖ Breitband Oberösterreich GmbH and Breitband Oberösterreich Infrastruktur GmbH, all recognised at equity.
Segment reporting by business units is as follows:
2024/25 |
|
Energy |
|
Grid |
|
Environment |
|
Czech Republic |
|
Holding & Services |
|
Reconciliation/ |
|
Group |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales to third parties |
|
1,853.3 |
|
427.9 |
|
280.3 |
|
248.1 |
|
32.4 |
|
|
|
2,842.0 |
Intersegment sales |
|
11.0 |
|
17.6 |
|
18.8 |
|
– |
|
314.8 |
|
-362.2 |
|
– |
Total sales |
|
1,864.3 |
|
445.5 |
|
299.1 |
|
248.1 |
|
347.2 |
|
-362.2 |
|
2,842.0 |
Results from investments in equity companies |
|
2.9 |
|
– |
|
0.3 |
|
– |
|
29.0 |
|
– |
|
32.2 |
Depreciation, amortisation, and impairments |
|
-27.0 |
|
-106.0 |
|
-22.4 |
|
-9.6 |
|
-16.4 |
|
– |
|
-181.4 |
Thereof impairments |
|
-0.8 |
|
– |
|
– |
|
– |
|
– |
|
– |
|
-0.8 |
Operating result |
|
211.5 |
|
54.7 |
|
12.2 |
|
13.7 |
|
5.9 |
|
– |
|
298.0 |
Carrying amount of investments in equity companies |
|
26.6 |
|
– |
|
6.0 |
|
– |
|
307.9 |
|
– |
|
340.5 |
Goodwill |
|
32.6 |
|
– |
|
45.3 |
|
23.5 |
|
0.2 |
|
– |
|
101.6 |
Investments in intangible assets and property, plant and equipment |
|
154.7 |
|
205.4 |
|
25.5 |
|
13.9 |
|
15.6 |
|
– |
|
415.1 |
Capital employed |
|
638.8 |
|
986.0 |
|
198.6 |
|
108.7 |
|
80.9 |
|
– |
|
2,013.0 |
|
|
EUR mill. |
|---|---|---|
Capital employed |
|
2,013.0 |
Assets not used in the service production and sales process |
|
637.3 |
Non-interest bearing liabilities, provisions |
|
1,131.3 |
Balance sheet total |
|
3,781.6 |
The segment information 2023/24 broken down by business unit presents as follows:
2023/24 |
|
Energy |
|
Grid |
|
Environment |
|
Czech Republic |
|
Holding & Services |
|
Reconciliation/ |
|
Group |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales to third parties |
|
2,248.2 |
|
377.3 |
|
269.6 |
|
235.1 |
|
29.5 |
|
|
|
3,159.7 |
Intersegment sales |
|
11.4 |
|
18.6 |
|
28.4 |
|
– |
|
271.8 |
|
-330.2 |
|
– |
Total sales |
|
2,259.6 |
|
395.9 |
|
298.0 |
|
235.1 |
|
301.3 |
|
-330.2 |
|
3,159.7 |
Results from investments in equity companies |
|
5.1 |
|
– |
|
0.9 |
|
– |
|
37.8 |
|
– |
|
43.8 |
Depreciation, amortisation, and impairments |
|
-47.8 |
|
-101.0 |
|
-21.0 |
|
-8.9 |
|
-14.5 |
|
– |
|
-193.2 |
Thereof impairments |
|
-21.4 |
|
– |
|
– |
|
– |
|
– |
|
– |
|
-21.4 |
Operating result |
|
318.6 |
|
25.1 |
|
33.3 |
|
11.4 |
|
9.8 |
|
– |
|
398.2 |
Carrying amount of investments in equity companies |
|
22.6 |
|
– |
|
6.0 |
|
– |
|
298.7 |
|
– |
|
327.3 |
Goodwill |
|
21.1 |
|
– |
|
45.3 |
|
22.7 |
|
0.2 |
|
– |
|
89.3 |
Investments in intangible assets and property, plant and equipment |
|
101.0 |
|
158.7 |
|
29.6 |
|
11.7 |
|
17.3 |
|
– |
|
318.3 |
Capital employed |
|
564.9 |
|
861.8 |
|
214.6 |
|
102.2 |
|
81.0 |
|
– |
|
1,824.5 |
|
|
EUR mill. |
|---|---|---|
Capital employed |
|
1,824.5 |
Assets not used in the service production and sales process |
|
929.9 |
Non-interest bearing liabilities, provisions |
|
1,163.2 |
Balance sheet total |
|
3,917.6 |
Reversals of impairment concern the Energy Segment with EUR 3.2 million (previous year: EUR 0.5 million). Impairments losses concern the Energy Segment with EUR 0.8 million (previous year: 21.4 million). Non-cash items in connection with derivatives in the amount of EUR 65.2 million (previous year: EUR 114.6 million) pertain to the Energy Segment. The income from the reversal of construction cost subsidies attributable to the Grid Segment amounted to EUR 31.5 million (previous year: EUR 31.2 million). Non-cash income from companies valued using the equity method concern the Holding & Services Segment in an amount of EUR 8.4 million (previous year: EUR 28.9 million).
7.2 Segment reporting broken down by geographic segments
Energie AG Oberösterreich Group operates primarily in the regions ‘Austria’ and ‘Czech Republic’. Business operations in other countries (Italy, Germany, Hungary) are combined in the geographical segment ‘Other countries’.
2024/25 |
|
Austria |
|
Czech Republic |
|
Other countries |
|
Group |
|---|---|---|---|---|---|---|---|---|
Sales to third parties |
|
2,579.1 |
|
248.4 |
|
14.5 |
|
2,842.0 |
Capital employed |
|
1,884.6 |
|
108.8 |
|
19.6 |
|
2,013.0 |
2023/24 |
|
Austria |
|
Czech Republic |
|
Other countries |
|
Group |
|---|---|---|---|---|---|---|---|---|
Sales to third parties |
|
2,910.8 |
|
235.3 |
|
13.6 |
|
3,159.7 |
Capital employed |
|
1,714.5 |
|
102.3 |
|
7.7 |
|
1,824.5 |
Revenues from electricity trading with customers outside Austria amounting to EUR 126.1 million (previous year: EUR 229.6 million) were also generated.