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Related party transactions with associated and non-consolidated affiliated companies

Related party transactions with associated companies  [Certified Content]

The most significant business transactions with associated companies are as follows:

  2003 2002
Sales revenue 359.5 343.7
Other income 8.5 8.2
Electricity and grid purchases 91.8 86.3
Other expenses 4.4 10.4
Receivables 23.6 43.9
Liabilities 4.2 4.0

Related party transactions with non-consolidated affiliated companies  [Certified Content]

The business transactions with non-consolidated affiliated companies are of little significance and are therefore not listed.

Provision of personnel  [Certified Content]

On average, 107 employees (previous year: 122) were allocated to Verbundplan GmbH, the engineering and consulting firm of Verbund, for the purposes of different engineering and consulting tasks. These temporary transfers are made at standardized rates, depending on the qualifications of the employees and on market-conforming hourly rates.

In addition, a total of 39 (previous year: 42) temporary transfers were made to other Verbund companies during the year.

Pricing of services  [Certified Content]

VERBUND Management Service GmbH renders services in the areas of information technology, procurement, accounting, payroll accounting, legal services and property management as well as administrative services to the companies of the Verbund group.

 

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