34. 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. Negative tax results are carried forward. The tax allocations amount to EUR 80,457.4 thousand (previous year: EUR 27,990.0 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 20,692.4 thousand (previous year: EUR 20,184.4 thousand). As of the reporting date, this item also includes receivables in the amount of EUR 18,191.5 thousand (previous year: EUR 1,462.6 thousand) and liabilities of EUR 84.9 thousand (previous year: EUR 22,861.4 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 22,590.4 thousand (previous year: EUR 6,088.3 thousand), while expenses are EUR 244.9 thousand (previous year: EUR 2,583.2 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 93,118.8 thousand (previous year: EUR 103,270.2 thousand), while expenses are EUR 14,444.5 thousand (previous year: EUR 22,793.5 thousand). As of the reporting date, this item also includes receivables of EUR 5,378.5 thousand (previous year: EUR 5,751.6 thousand).

Joint ventures

BBOÖ Breitband Oberösterreich GmbH

The Group provided construction services and other services totalling EUR 5,544.8 thousand (previous year: EUR 2,627.4 thousand) to BBOÖ Breitband Oberösterreich GmbH and its subsidiary Breitband Oberösterreich Infrastruktur GmbH. Services amounting to EUR 7,755.8 thousand (previous year: EUR 7,204.2 thousand) were purchased. This item also includes receivables in the amount of EUR 5,436.0 thousand (previous year: EUR 5,563.1 thousand) and liabilities in the amount of EUR 680.0 thousand (previous year: EUR 36.0 thousand). The settlements are conducted at standard market conditions. There are loan collateral guarantees in the amount of EUR 33,750.0 thousand for liabilities of Breitband Oberösterreich Infrastruktur GmbH.

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 Note 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 27.5 thousand (previous year: EUR 27.6 thousand) and benefits in the amount of EUR 100.5 thousand (previous year: EUR 134.4 thousand). This item also includes receivables in the amount of EUR 3.6 thousand (previous year: EUR 1.1 thousand).